ALLUVIAL GOLD PRIZES.
TO THB EDITOB OF THE PRESS gir,—Can you inform me how the alluvial gold of tho prizes in the art unions is assessed? I have heard that when a winner applies to a bank for the money, the full advertised amount is not received. —Yours, etc., CURIOUS.. December sth, 1930. [Certain charges are deducted by the banks in assessing tho prizes m alluvial gold art unions. These include commission on the purchase ot the gold, and exchange, and are estimated to amount to 2s in £5. If the winner sells the gold to the bank it has to protect itself against a certain percentage of impurities, the actual value of "the gold not being ascertainable till it is retorted. The winner may elect to take the pold. but if he'wants to pet it minted, he has to pay the cost of transport to Australia and back, and tho mint rhargfis. These probably, would amount to more thnn the deductions already referred to.]
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Press, Volume LXVI, Issue 20107, 10 December 1930, Page 17
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165ALLUVIAL GOLD PRIZES. Press, Volume LXVI, Issue 20107, 10 December 1930, Page 17
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