EGYPTIAN HOARDERS
NOW TRYING TO SELL
DESERT EXCITEMENT
■United Proas Association—3y Electric Tele- :■'■■:.-. graph—Copyright. (Received 2nd January, 8 a.m.) LONDON,'Ist January. The "Daily Mail's" Cairo correspondent says that'the high price of gold in Europe, is tempting gold hoarders to sell their metal. Speculators are resorting to various devices toevade the Government prohibition of the export of gold and are risking severe penalties. Most of the successful gold-smug-gling convoys have traversed the, Sinai desert with camels, thence, have passed through Palestine and Syria, whence the gold is shipped to France. The vigilance' of the Camel Corps traversing the desert tracks has now rendered this method hazardous. Tho corps made several big hauls. It is estimated that there are £10,000,000 to £15,000,000 worth of. gold in Egypt, mostly in the possession of peasants.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19320102.2.119
Bibliographic details
Evening Post, Volume CXIII, Issue 1, 2 January 1932, Page 11
Word Count
131Untitled Evening Post, Volume CXIII, Issue 1, 2 January 1932, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in