BRITAIN PAYS OUT
FIRST DOMINION WOOL AUCKLAND-EAST COAST N.Z. PAYMEN T PENDING (Per Tress Association.) , WELLINGTON, this day. Advice was received by the Marketing Department in a cablegram from London yesterday that the first payment on account of wool purchased from New Zealand by the United Kingdom Government had been paid into the Reserve Bank’s account at the Bank of England. In making this announcement in a broadcast, the Minister of Marketing, the Hon. W. Nash, said the amount of this cheque was £479,910. The payment was the iirst in connection with the new procedure and was for wool appraised in Auckland, Gisborne, Tolaga Bay and Tokomam Bay. The department was ready to make a payment to the brokers on prompt dates, the first of which was Saturday. However, payment could only be made on receipt of the . brokers’ invoices, some of which were not yet to hand.
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https://paperspast.natlib.govt.nz/newspapers/GISH19391208.2.18
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20115, 8 December 1939, Page 3
Word Count
148BRITAIN PAYS OUT Gisborne Herald, Volume LXVI, Issue 20115, 8 December 1939, Page 3
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