HOARDED GOLD
IMMENSE EXPORTS FROM INDIA WORLD DEPRESSION ARRESTED. CALCUTTA, Oct. 16, By her gold exports of £60,600,000 during the last twelve months, India lias materially assisted in s imul ting the rise in prices and in arresting the world depression. A year .has passed since Britain went off the gold standard, and the flew of hoarued Indian gold began. Not only have these vast exports helped India to weather the trade decline better than most nations, and to meet her current liabilities to Britain in gold, but they have enabled Britain to liquidate her French and American debts with promptitude. India’s gold-experts during the past year are estimated at three-q artery of the average .world annual output in 'recent vers. B——M— ■
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Hokitika Guardian, 27 October 1932, Page 6
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122HOARDED GOLD Hokitika Guardian, 27 October 1932, Page 6
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