GOLD COINAGE.
SOUTH AFRICAN IDEA. MIGHT SOLVE TROBLEMS. (United Press Association—By Electric Telegraph.—Copyright.) Received July 3. 10.5 a.m. LONDON, July 2. The Morning Post’s Johannesburg correspondent says: “Sir John Simon s reply to a question in the House ot Commons promising to inquire if the Union had made a proposal to sterilise a quantity of gold created a new gold scare, but it later abated upon the Minister of the Interior (Mr J. H. Hofmeyr) stating in Parliament that the Government considers a limitation on the gold output preposterous because it would not .alter the world position. in which hoarding is the greatest trouble. A number of experts are urging a return to gold coinage as a way out of the impasse.
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Bibliographic details
Manawatu Standard, Volume LVII, Issue 182, 3 July 1937, Page 2
Word Count
122GOLD COINAGE. Manawatu Standard, Volume LVII, Issue 182, 3 July 1937, Page 2
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