FUNDS FOR IMPORTS

Wairarapa Times-Age, 14 June 1939, Page 5

FUNDS FOR IMPORTS

NO DEFINITE REFUSALS IN CHRISTCHURCH. SOME COMPLAINTS ABOUT DELAYS. (By Telegraph—Press Association.) CHRISTCHURCH, June 13. Though rumours that importers have been unable to obtain funds for the purchase of goods overseas, even when they have been able to produce import licences, have been current in the city for some time, extensive inquiries have failed to reveal any definite cases. The secretary of the Canterbury Manufacturers’ Association, Mr T. Hyde, said today: “I can say definitely that I have had no complaints about difficulties in obtaining finance when licences have been granted.” The district officer for the Department of Industries and Commerce, Mr C. S. Sapsford, said: “I have heard these rumours, and I am right out after definite cases. My inquiries ■ have been chiefly among those importing for manufacturers, and I have found no evidence of difficulty there, nor have I heard of any other importer being unable to obtain money when his licence has been in order.”

The chairman of the importers’ section of the Canterbury Chamber of Commerce, Mr L. L. Jones, said: “I have heard of no definite cases of importers being unable to obtain overseas funds, but it seems evident that inquiries for all amounts from £1 upward are referred to Wellington. When the money is available the importer gets his allotment. There are delays rather than refusals.”