INDIAN BULLION
THOUSAND MILLION STERLING OF HOARDED GOLD TO BE REALISED. AGREEMENT WITH BRITAIN. NEW YORK, Monday. The financial pages of the newspapers emphasise the importance of agreements ■ between British interests and Indian bullion merchants by which a thousand million sterling of hoarded gold in India will be released for British use. British interests agree to re-value the rupee at 16d so that there will be a profit of 13 per cent. for those Indians who turn their rupees into sterling. Britain is also arranging a preferential tariff for Indian manufacturers against Japanese goods in African colonies. Millowners will give better terms on Lancashire goods in India.
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Bibliographic details
Rotorua Morning Post, Volume 2, Issue 251, 14 June 1932, Page 3
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107INDIAN BULLION Rotorua Morning Post, Volume 2, Issue 251, 14 June 1932, Page 3
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