NATIONS CONSERVING GOLD

Dominion, Volume 8, Issue 2506, 6 July 1915, Page 7

NATIONS CONSERVING GOLD

A TIP FOR TRAVELLERS. :• j'According to a'memorandum .received by the. local, office of' Thos.' Cook and Son, tho European.;nations are showing a.; distinct, tendency to , curtail, the.' ex'port of gold. 'No restrictions are placed upon a- person taking gold into a country, but he finds the conditions precisely reversed when, he tries to..tako it' out.':.' ';•/ "At tho present time," states the-' memorandum, . "great restrictions are Being placed in thoovay of gold in;any : shapo or form leaving the various Continental ' countries. Some little time ago, Switzerland passed a laiv prohibit--ing anyone from buying or selling gold at a'premium over the ,price of 'notes. Italy, wo, understand, has now: .passed a law by which a traveller taking any.gold: out of ;the .country ,would bo liablo to either-' fine. ■ confiscation, or ment.--.''The Scandinavian States have also passed a law prohibiting travellers taking gold out, of their country except to a, very limite'd amount. As the decrees 'may^change.from-time to time it is undesirable for-travellers to take gold with them on their .travels.. ' They. can. be, supplied! . with our. circular ..notes ; thus obviating the necessity of re-exchanging currency from ono country to another.; .\'Even if travellers bring gold into, the country without trouble, on.' their leaving' again./they , may.- expose .themselves to fines and confiscation ,of .gold."