DENMARK'S GOLD.

Auckland Star, Volume LXXI, Issue 102, 1 May 1940, Page 15

DENMARK'S GOLD.

SAFE IN ENGLAND. WHAT HITLER MISSED. RICH AIR FREIGHTS. I LONDON*, .April 14. Hitler's nion are looking for gold in tlie hank \aults of Oslo and Copenhagen. JSiit 1 hey will find little there. Knr during the. last few weeks the Scandinavian countries, reading the Mgns correctly, have l>een sending their gold to places oi safety abroad, states a ' Daily Mail" reporter. Denmark and Norway. I understand. ha\e recently sent away more than t'.M),000,00(1 worth of bullion. Scores of Flights. Much of it has been secretly flown to l-.ngland and deposited in the" safety of the vaults of the Bank of England. Other gold cargoes have been shipped to the United States. Scores of secret flights have recently Itecn made by specially guarded air liners between the Scandinavian countries and Cieat Britain. So well has the secret been kept that even "the City - ' has only ju-t heard of the treasure tnat has arrived in their midst About £1.'1.000.000 in gold has been flown here Imm Denmark alone, I understand. It was carried in boxes, each containing fuur bars. l-.acli air liner carried about 100 bars in 25 l„,\es. I he transference to the Bank of England took place "without a hitch." ° Scandinavian Gold Flight. Norway has lately sent most of her .t 2:1.00(1.(10(1 gold holdings abroad— "tore than ,€5,000.000 of it to the United States, where she already had a large gold reserve in the Federal Reserve Bank of New York. Sweden, too. hns been getting gold Oift of the country fast. Last month more than £10.000.000 worth of her ■H1 1.000,000 reserve reached the United States. In City circles yesterday I was told that the gold rush from Sweden has 'Vontinuod apace." A well-known bullion dealer told me bow the precious freights were carried. We have flown scores of cargoes and never had a mishap."' he said. "Stron" police guards meet the bullion 'planes at the aerodrome and armed men travel m the trains or lorries by which the transference is completed.''