RISING PRICE OF GOLD
AFRICA ALLOWANCE
UP TO .117/10/ AN OUNCE
(Reed. Aug. 31, 10 a.m.) CAPETOWN, Aug. 30
It is announced -that the Government of South Africa intends, next session to take power to appropriate —apart from the present mining taxation—the whole of the proceeds of the -sale of gold -above £7 10s an ounce. The Government -reaffirms the intention not to sever the link with sterling.
The London price of gold to-day is £7 19s (idi an ounce.
The announcement led to a heavy wave of selling on the Rand Stock Exchange.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20030, 31 August 1939, Page 5
Word Count
94RISING PRICE OF GOLD Gisborne Herald, Volume LXVI, Issue 20030, 31 August 1939, Page 5
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