PANAMA GOLD DISCOVERY.
Effect On World Currency. GREATER GOLD PRODUCTION NEEDED. Australian and N.Z. Cable Association. By Cable—P; eas A ssocintion —Copyright. (Received April G, Vi p.m.) LONDON, April G. The “Daily Chronicle” commenting on the Panama gold discoveiw says: “if the new reef realises the promoters’ hopes, that it is -as big as the Rand, it will not only make individual fortunes, but will outstandingly aifeet monetary problems. The gold discoveries of tho last century were cf great benefit to the world. They prevented the gold . standard bringing about a fall of prices, which might have paralysed industry and trade. As tho world’s wealth increases, it is important that the monetary medium should increase proportionately. If the world’s industrial production, in the near future, increases, as fast as possible, we shall find good use for aU gold tl/.e new discoveries can produce.
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Timaru Herald, Volume CXXIII, 7 April 1926, Page 9
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143PANAMA GOLD DISCOVERY. Timaru Herald, Volume CXXIII, 7 April 1926, Page 9
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