India's Thirst for Gold.
India's thirst for gold is insatiable. Lasb year she absorbed 461 lakhs of the precious metal—equal in conventional exchange to £4,610,000, and of this enormous amount only two lakhs were tendered for coinage at the Mints. Where, says a London correspondent, did the rest go to, ib may be asked. The reply is that ib is hoarded probably,_ not to see the light again until some famine or great social convulsion once more brings it into circulation. There, must be tens of millions of gold thus stored away in odd corners in India.
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Auckland Star, Volume XXII, Issue 32, 7 February 1891, Page 4 (Supplement)
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97India's Thirst for Gold. Auckland Star, Volume XXII, Issue 32, 7 February 1891, Page 4 (Supplement)
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