CZECH GOLD
HOLDINGS IN LONDON BANK PRESIDENT’S REGRET (United Press Assn.—Elec. Tel. Copyright LONDON, June 1 The president of the Bank for International Settlements, Dr. J. W. Bcyen, interviewed, said that it was regrettable that the transfer of Czech gold had become a political issue. It was purely a technical matter. No pressure was exercised from any quarter. Neither the British Government nor the Bank of England could prevent the Bank of International Settlements using the gold deposited in London. However much it was desired, the bank was not bound by Swiss law to examine the legitimacy of orders from the National Bank of Czechoslovakia. The Italian paper Resto del Carlino. a Fascist Party organ, declares there i-; still £10.000.000 in Britain belonging to the former Czechoslovak Government and £6.000,000 belonging to Czech private depositors. The paper claims that the Nazis obtained complete satisfaction over £6,000,000 deposited in the Bank of England through the Bank for International Settlements, but the British Government has laid an embargo on the other £16,000,000.
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Waikato Times, Volume 124, Issue 20820, 2 June 1939, Page 7
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170CZECH GOLD Waikato Times, Volume 124, Issue 20820, 2 June 1939, Page 7
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