GOLD FOR AMERICA
TRANSFER FROM BRITAIN FOREIGN-HELD BALANCES (Reed. Aug. 4, noon.) LONDON, Aug. 3. When asked in the House of Commons to-day to explain (he outflow of gold from- Britain to the United States exceeding £250,000,000 in 18 mtont-hs, the Financial Secretary to the Treasury, Captain H. F. C. Crookshank, said that the United States had a favourable visible balance of about £280,000,000 in that period. It was well known that there had been an extensive movement to the United States of foreign-held balances which previously had been sent to Britain for safe refuge.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GISH19390804.2.87
Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20007, 4 August 1939, Page 8
Word Count
95GOLD FOR AMERICA Gisborne Herald, Volume LXVI, Issue 20007, 4 August 1939, Page 8
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Herald. 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 the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in