CANNED FRUIT SUPPLY
RESUMPTION OF SHIPMENTS FINANCIAL ARRANGEMENT (By TeJegrapn.—Press Association) AUCKLAND, Saturday The resumption of supplies of Australian canned fruits to New Zealand has been arranged as a result of the lifting of the ban imposed by the Australian Canned Fruit Control Board last month. The board’s action was taken to mark its disapproval of trade on the system of deferred payment, but it stated today that the chief objections had been removed by the financial arrangements now operating under Reserve Bank control. Shipments will be made to New Zealand on a basis which provides for a remittance of 25 per cent of the payment in the first quarter next year, and the remaining 75 per cent in the second quarter. New Zealand purchasers will be required to pay 5 per cent interest during tlie period between the arrival of shipments and the transfer of funds to the Commonwealth.
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https://paperspast.natlib.govt.nz/newspapers/WT19390916.2.28
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Waikato Times, Volume 125, Issue 20911, 16 September 1939, Page 6
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150CANNED FRUIT SUPPLY Waikato Times, Volume 125, Issue 20911, 16 September 1939, Page 6
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