GOLD EXODUS
•ess Assn.—
oreigners recalling bank ; balances from america feady outflow continues
-By Telegraph — Copyright.)
Rec. May 29, 5.5 p.m. NEW YORK, Saturday. The United States has lost roughly 3,000,000 dollars, (approximately 3,000.000 at par) in monetary d in the past ten days, the largest ilovv since last Autumn, when the tish abandonment of the gold ndard sent European banks scaming for the metal. Dhe banks have expressed the view t the United States should direct self to considerable further de>pment during the next few weeks. •eign banks with balances here, mated at around £80,000,000, iear determined to take their funds m.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/RMPOST19320530.2.22
Bibliographic details
Rotorua Morning Post, Volume 2, Issue 239, 30 May 1932, Page 5
Word Count
103GOLD EXODUS Rotorua Morning Post, Volume 2, Issue 239, 30 May 1932, Page 5
Using This Item
NZME is the copyright owner for the Rotorua Morning Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in