GOLD HELD BY-STATE BANKS

Dominion, Volume 9, Issue 2715, 9 March 1916, Page 6

GOLD HELD BY-STATE BANKS

:s* ■ . .V" :: . ...... Some interesting, figures, are given in i Messrs. Samuol Montagu and-Go.'s an-- . mial Bullion Letter with rcgard to-fho. holdings of gokl .by, tho various:;'great State banks of Europe. The vnßritislr visible supply of gold amount's' to-12-1 ..millions, in additionVto'wliich : there, is', a very large amount; held by English, Scottish, and Irish banks, as well as the substantial sums still-retained in the possession of the publio.' /The Bank of/France holds 200j- millions, the Bank of .-Russia 160J millions,' and Italy millions, while that held by the Bank of-' Germany is 122 millions. ing with the normal period of 1913, tho Bank of England lias'< increased its holding of gold by l7i millions, the Bank of France by 60' millions, Italy by about 6 millions, and Germany by 62 millionn. The amount held by the Bank of Russin is just about the. same as .that, hold at the end of 1913. Further, it'should bo borne in mind that- about two-thirda of; the world's gold supplies are derived annually from/ the British Empire, About 60 millions is thus added automatically to tbe gold resources of tha Empire.