CONTROL OF SILVER EXPORT

Dominion, Volume 14, Issue 63, 8 December 1920, Page 7

CONTROL OF SILVER EXPORT

THE NEW COINAUE. London, November 30. During the debate iu the House of Commons to-day on Mr. Samuel's motion lor tho rejection of the Hold and Silver Export Bill Mr. Baldwin, financial Secretary tu tho Treasury, pointed out that I lie iiosition of silver coinage to-day was different. There might be imminent risk with regard to this when the new coinage of a dill'erent fineness wus being introduced iu this country. Unrestricted export might lead to n temporary drainage of tlie more valuable coins, and might conceivably leavo us willi a dangerous shortngo of silver coinage. He was boxful from the outlook today, thnfc it might be unnecessary to put in cftet the powem of the BUI. He-plying to Sir Newton Moore, Mr, Baldwin said that it was common knowledge that an airangomont had been in force for some tiim>, by which gofd from South Africa was imported into Britain to be refined and re-exported, It was done under a specinl system of licenses, and this had been perfectly satisfactory to the South African Government. ' Mi:. Baldwin gave nn assurance that hi would suggest a clause in tho committee . stago giving statutory force to Hie agreement. The Bill was rend a second timeRenter. (Tho rablo rewn In thlc l«sno accredited *o the Tiondon "Times" has appeared Jn that Journal, but only whore expressly •t&ted Is anch news tho editorial opinion •» the "TlmM.") '