GOLD COIN
TO ASSIST RANK OF ENGLAND. (Australian Press Association.) (Received day at 8.30. a.m.) , MELBOURNE, Aug. 23. Gold coin valued at a million sterling has been ? shipped to London by the Commonwealth Rank of Australia. It has been sold to the Bank of England and will assist in building up that bank’s gold reserve which has recently been steadily depleted by continental powers. / . ■ •' ; A PRESS COMMENT. (Received this day at 9.25 a.m.) : LONDON, August 23. The “Daily Express” says the gold from the Commonwealth Bank will certainly help; to strengthen the Bank -of England’s position against the autumn demand. On several occasions in the past the situation has been saved by receipt of gold from unexpected sources! It seems as if the same is.happening again. The market is consequently more hopeful that an increase in the bank rate will be avoided.
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Hokitika Guardian, 23 August 1929, Page 5
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142GOLD COIN Hokitika Guardian, 23 August 1929, Page 5
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