THE PRICE OF GOLD

Hokitika Guardian, 29 October 1920, Page 4

THE PRICE OF GOLD

Tiie Goldfields and Mines Coininit.ee of the House reportinlg on various southern petitions praying for compensation for losses sustained through the restriction (i)i flic sale of gold in- th ? open market during the war periil, pointed out that during recent years no other industry had been so hard hit as gold mining, the commodity being in the interests of the 'Empire, and at Liu: (request of the Imperial Government prohibited from export with the. result that a loss, based upon the world market price of fully twenty shillings an ounce was sustained by goldminers furthermore, the Committee pointed out that soiledilc miners were permitted ,by (lie Imperial authorities to export seheclite during the same period. Mr Horn expressed satisfaction with i this finding, of the Committee. Nearly every other industry, be said, bad been compensated in regard to the limiting of tbo prices of products dlying the war, but the gold miners had suffonjd and the banks hod made a big profit in | consequence.

Mr Bitehoner, who presented the petition supported this statement of the member for Wivkltipu, and Mr Rhodes, the chairman of the Committee also put in a plea for the miners in the north as -well ns in the south. The report of the Committee was adopted.