PRODUCTION OF GOLD.
A BIG DECREASE. The British Gold Production Committee, which was commissioned to enquire as to the effect of the war on the gold output, has made its report, a copy of which has been received by the Commonwealth authorities. The report sets out that during the period of the war, as a whole the production of gold in the Empire was greater than during the corresponding period immediately preceding it. A decline appeared for the first time in 1917, there being a reduction of output as compared with 1916 of £3,429,415. The decline in Australasia amounted to £906,000. In 1918 there was a further fall of £4,652,207, as compared with 1917, the estimated decline for Australasia being £1,401,400.
The committee considered that the Australasian decline in those two years was normal and due in the main to natural causes, but that it was accelerated by the increase of costs and decrease in efficiency of labour caused by the war.
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Manawatu Herald, Volume XLI, Issue 2008, 29 July 1919, Page 1
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162PRODUCTION OF GOLD. Manawatu Herald, Volume XLI, Issue 2008, 29 July 1919, Page 1
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