A WAY OUT
UNDERSELLING N.Z. J" r% LONDON FIRM OPENS BANK ACCOUNT IN»WELLINGTON "FOR CQNVENIENCE" Av\ - -r ..»»?• AVOIDING THE EXCHANGE TTT- " . . ,v • >j;». , Christchurch^ Tuesday. Further evidence ' of -the ' effofts which are being made by overSeas financial and expdrting- firms'.td coiffpel the lowering of the exchange rate by New. Zealand against LPndon is now available. ; • - A,dvice has beep received ^ 'ih Zealand froni.a firm .of, English sSoftgoods manufacturers, that if. is prepared to land its mer.chandise ...in New Zealand for the p&yment of only 10 per eent.. pi'emiuni on stei'ling prices. On this transaetion, the, moffg^ would be banked in New Zealand ;'a'nd would possibly remain here ppnding a reduction in the exchange rate. .Another London firm, this1 tittie booksellers, have added the following iiote to their catalogue: "For .tfie ..convenience .of ..clients, we have opened an account with' the — ' — battk, Wellingtbn, N.Z. Purchases from this catalogue may be made in New Zealand money and the proceeds paid direct to this bank," In this case, no premium is asked. It is stated that -some impotters -have already taken steps to take.-advant-age of the offer hy the soft-goods firm. " ' "
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https://paperspast.natlib.govt.nz/newspapers/RMPOST19330823.2.46
Bibliographic details
Rotorua Morning Post, Volume 3, Issue 617, 23 August 1933, Page 5
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187A WAY OUT Rotorua Morning Post, Volume 3, Issue 617, 23 August 1933, Page 5
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