DENMARK’S GOLD

Bay of Plenty Times, Volume LXVIII, Issue 13026, 3 May 1940, Page 2

DENMARK’S GOLD

London, April 14. Hitler's men are looking for gold in the bank vaults of Oslo and Copenhagen. But they will, find little there. For during the last few weeks the Scandinavian countries, reading the signs correctly, have been sending their.gold to places of safety abroad, states a “Daily Mail" reporter. Denmark and Norway, I understand, have recently sent away more than £ 30,000,000 worth of bullion. Scores of Flights Much of it has been secretly flown to England 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 been made by specially guarded air liners between the Scandinavian countries and Great Britain. So well has the secret been kept that even “the City” has only just heard of the treasure that has arrived in their midst.

About £ 13,000,000 in gold has been flown here from Denmark alone I understand.

It was carried in boxes, each containing Tour bars. Each air liner carried about 100 bars in 25 boxes. The transference to the Bank of England took place “without a hitch,” Scandinavian Gold Flight Norway has lately sent most of her £ 23,000,000 gold holdings abroad—more than £ 8,000,000. of it to the United States, where she already had a large gold reserve in the Federal Reserve Bank of New York. Sweden, too, has been getting gold out of the country fast. Last month more than £ 16,000 s ,OOO worth of her £ 74,000,900 reserve reached the United States. In City circles yesterday I was told that the gold rush from Sweden has “continued apace.” A well-known bullion dealer told me how the precious freights were carried. “We have flown scores of cargoes and never had a mishap,” he said. “Strong police guards meet the bul- : lion ’planes at the aerodrome and armed men travel in the trains or lorries by which the transference is completed.”