GOLD STANDARD.

Hokitika Guardian, 4 May 1925, Page 4

GOLD STANDARD.

EXRKRTB RI Z/LKI). AINSTHAI.IAN AND N.Z. t'Alll.K ASSOL'IA I lON LONDON. May City Kinaneial experis are puzzled over the destination of yesterday's gold shipments, which was cot announced . 'Cue “Daily Telegraph's" liuaneinl expert say> :- ’• Ye.-terday's gohl lnovi - nicut from the Bank of England ol 111 thousand sterling was an olisei in a small purchase of bars of ton thousand. Rumor ;um associated Australia will: one of the purchn.sos. It is true ii pays to -ml gold to Australia. fill there was some doubt on the market as to whether the Australian hanks had yet in I "rveiied. There wane doll hi. however, that, a small amount won! la New York, with further shipments to Holland and Kwit- :. ■"land. Tit- “Kinaneial News'' f oiiiiiu-iit iug on a cabled aiinoiineeuienl I'rem Mdhonrne that 111- associated hanks were comsidoring the que.-tinn -f exehange 1:1 1 1- ri-eall-. Mr Churehiil's lelliailaili his Budget speech, that :,o tar as Ihe K-Il 1 ire was e oieel lled ihere .'.mil I !■;. uuii.v o! a I ion", cud He pap-r c.iiii--I'noi I-: "If there were no arrangeini'ii t s «ii 1 1 .V ir-1 ra lm and tlie ether Doininions. not I eneiMae'o on gold rose rev • unity of action would eerlaiidy no! I ■ e, im | ile ii 1 . ’' The aid ie! points out I lie l Ati-lraiiaii slerliug ai present is at a hi::; pri’mium over (he Bri- : i : iii.". "v. liii h." i! - ays’. “wilhi"it doubt. —H li 1 ill'll a menace In mil gild i'e-on.:. .-iii':' the shipment, of gold from London to Ausl ralia will roughly lost, lit per I'cntnm. which is eln-api-r Hum shipping ITmii Auu'ilia. n. ; '11:1 oil I..I! icu si c :'L IC', e\. ■! 1 ' lb il isli ■ lerling ( iilin-s dim i, to slleh a poinl. as will make ii unprolilaL|o in -hip gold, a lino st it iulti ti Hi odly sic Ii shipmenls will take place out of IHi - l ish reserves.