GOLD INDUSTRY
EXPORT BOUNTY
(Australian Press Association)
MELBOURNE, ‘March 14
To ensure for the goldmining industry the premium now obtainable on the export of gold, it has been,decided to form a Gold Producers’ Association. All bona fide gold producers will be entitled to membership. Hon. Mr Theodore (Federal Treasurer) has given an assurance that no restrictions upon the export of gold by bona fide producers would operate, except on a proclamation by the Gover jpr-General.
ANOTHER PROPOSAL
CANBERRA, March 14
Senator McLachlan has a proposal before the Senate for the appointment of an Expert Commitetee to inquire into the soundness of paying a bounty on gold, to be employed exclusively in dealing with Australia’s overseas indebtedness. He claims that this method would guard against inflation. The view will probably be put forward that no difficulty is experienced in dealing with the internal indebtedness, as illustrated bv the success of the Government’s recent Federal conversion loan, but that something further will have to be done to deal with the external indebtedness.
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Hokitika Guardian, 15 March 1930, Page 5
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170GOLD INDUSTRY Hokitika Guardian, 15 March 1930, Page 5
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