DECREASE IN GOLD PRODUCTION
_____ j SERIOUS SITUATION'REVIEWED. 5 (Bee. July 15, 5.5 p.m.) ] London, July 14. \ Sir Lionel Phillips, a member of the ' Gold Committee, stntes that the cause of £ a decrease in the gold production is , ( mainly due to the unfair system,by which producers are paid at the pre-war rate, which now does not suffice to procure the same amount of the commodity. He does not advocate any change in the standard pries' of gold, but the lose in prodnction ought to be made up in other s ways. Otherwise ho foresees a serious " decrease.—Aus.-N.Z. Cable Assn. > THE COMMONWEALTH GOLD : YIELD. i (Roc. July 15, 10.15 p.m.) Melbourne, July 15. The Commonwealth gold yield for the Zialf-year totalled 641,!lll ounces fine, '.is 'compared with 727,933 for the corresponding poriod of 1017.—Press Assn.
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Dominion, Volume 11, Issue 255, 16 July 1918, Page 6
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133DECREASE IN GOLD PRODUCTION Dominion, Volume 11, Issue 255, 16 July 1918, Page 6
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