HOARDED GOLD.
WILL IT COME OUT NOW? COMMONWEALTH’S COINS. MELBOURNE, April 15. Now that the sovereign is worth no more than twenty shillings again the Commonwealth Treasury expects ihat most of the privately hoarded gold in Australia will be put into circulation. There will not be a wild rush to put out the Commonwealth Bank hoard of 25,000,000 sovereigns “The Treasury has been well aware of the existence of several little hoards for a long time,*’ said the secretary to the Treasury (Mr Collins) to-day. “No good purpose is to be served by keeping them now. When the war began a few timid souls apparently feared that the bottom might fall out of things, and that a few hoarded sovereigns might one day come in useful. They must have seen by now the utter foolishnsu of hoarding.
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Manawatu Standard, Volume XLV, Issue 128, 4 May 1925, Page 11
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137HOARDED GOLD. Manawatu Standard, Volume XLV, Issue 128, 4 May 1925, Page 11
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