War-time Dollars
p. 32 · Read in the full issue
NZ Benefits From Samoa's War-time Dollars
From Our Own Correspondent
Apia, Feb. 2,
TTNLIKE New Zealand, which has a U large adverse trade balance with the United States, the New Zealand Mandated Territory of Western Samoa has a favourable balance, due to large wartime shipments of copra and cocoa beans.
These dollar credits thus established have been augmented by the large amount of dollar currency spent in the Territory during the 1942-44 period of the American “invasion.”
Trade restrictions in America and im port control laws in Western Samoa have prevented the Territory utilising all of these credits. Consequently, New Zea land is now benefiting by using Samoan dollar credits for her own American pur chases—besides making a profit on the exchange.