COLLECTING SOVEREIGNS.
ILLEGAL MELTING ALLEGED. £IOO,OOO INVOLVED. By Telegraph.—Press Asan .-—Copyright. Received Jail. 20, 12.35 a.m. London, Jan. 10. Observing extensive withdrawals of gold from the Bank of England during recent months by persons insisting on their legal right to receive gold for banknotes, the Bank authorities instituted an inquiry, which resulted to-day in the simultaneous arrest of seven persons by a large number of police, operating in various parts of London. They will be charged with utilising gold currency for an illegal purpose. The present commercial value of gold shows a profit of 28s an ounce on melted sovereigns. It is estimated the gang's withdrawals from tile Bank of England during the last few months total over £IOO,OOO. — Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 20 January 1920, Page 5
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122COLLECTING SOVEREIGNS. Taranaki Daily News, 20 January 1920, Page 5
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