XN000022-1980-01-18 — Page 4

FRIDAY, JANUARY 18, 1980

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THE CONDITION, THEREFORE, NEEDS TO BE REVISED- BUT THIS CANNOT BE DONE WITHOUT THE POWER SET OUT IN THE BILL PUBLISHED TODAY.

IF THE BILL IS PASSED BY THE LEGISLATIVE COUNCIL, THE GOVERNMENT INTENDS TO ATTACH TO THE 41 BANK LICENCES GRANTED SINCE MARCH 1978 A REVISED CONDITION WHICH WILL PERMIT THOSE BANKS TO MAINTAIN OFFICES TO WHICH CUSTOMERS HAVE ACCESS FOR THE PURPOSE OF ANY BUSINESS, INCLUDING BANKING BUSINESS, IN ONLY ONE BUILDING.

THE BANKS WILL BE PERMITTED TO MAINTAIN OFFICES FOR ADMINISTRATION OR SIMILAR PURPOSES, TO WHICH CUSTOMERS HAVE NO ACCESS WHATSOEVER, IN AS MANY BUILDINGS AS THEY FIND NECESSARY.

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TRADE WITH RHODESIA RESUMED *****

THE TRADE, INDUSTRY AND CUSTOMS DEPARTMENT HAS ANNOUNCED THAT AS A RESULT OF THE REVOCATION OF THE SOUTHERN RHODESIA (UNITED NATIONALS SANCTIONS) (OVERSEAS TERRITORIES) ORDER 1968, TRADE WITH RHODESIA MAY NOW BE RESUMED.

TRADE WITH RHODESIA HAS BEEN SUBJECT TO LICENSING CONTROL SINCE MAY 1966, AND, APART FROM A FEW PERMITTED ITEMS, LICENCES HAVE NOT BEEN ISSUED SINCE THEN.

WITH THE LIFTING OF THE SANCTION ORDER, THE DEPARTMENT IS NOW PREPARED TO CONSIDER AND APPROVE APPLICATIONS TO IMPORT FROM OR EXPORT TO RHODESIA ANY ARTICLE, SUBJECT TO OTHER CONDITIONS BEING MET.

A SPOKESMAN FOR THE DEPARTMENT SAID UNDER THE IMPORT AND EXPORT (GENERAL) REGULATIONS HOWEVER, ALL EXPORTS TO AND IMPORTS FROM RHODESIA WERE SUBJECT TO LICENSING CONTROL. AS A RESULT, TRADE WITH RHODESIA MUST BE COVERED BY LICENCES

IRRESPECTIVE OF THE ITEMS CONCERNED.

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