SILVER AGREEMENT
AMONG USERS AND PRODUCERS.
(United Press Association —By Electrio
Telegraph—Copyright.)
LONDON, July 24
An agreement among silver countries is being arranged. The text of the proposed silver agreement, as between delegates representing India, China and Spain as the holders of large silver stocks or large users of silver, and of Australia, Canada, the United States, Mexico and Peru as the principal silver producers has been circulated. The treaty is ratifiable before April of 1934. It is designed to mitigate the fluctuation of silver prices. It permits India to sell, a reasonable quantity of her surplus silver while the other signatories are to refrain from selling silver during the currency of the agreement-, namely for a term of four years, but-they may aggregately (in proportion to be fixed) purchase or withdraw from the market annually thirty-five million fine ounces of their silver mine production, beginning in 1934,
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Hokitika Guardian, 25 July 1933, Page 5
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148SILVER AGREEMENT Hokitika Guardian, 25 July 1933, Page 5
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