TRANSFER OF FUNDS OVERSEAS
TRASACTIONS BY STOCK EXCHANGE MEMBERS FORBIDDEN [Per United Press Association.] WELLINGTON, September 29. Owing to prevailing conditions and the difficulties and irregularities in exchange, the Stock Exchange Association of New Zealand has introduced regulations to the effect that members are not to take part in any transactions resulting in the transfer of New Zealand funds overseas. Shareholders in future must arrange the clearance of their own dividend) warrants, and if those unable to do so require the services of a member, the warrants will be negotiated at the current rate of exchange. The above regulations, however, will not preclude members from carrying out for their clients the ordinary normal transactions in relation to overseas investments.
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Evening Star, Issue 23384, 29 September 1939, Page 8
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119TRANSFER OF FUNDS OVERSEAS Evening Star, Issue 23384, 29 September 1939, Page 8
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