GOLD FROM INDIA
Value of Britain’s Imports DESTINATION UNDISCLOSED London, Dec. 12. In the House of Commons Mr. L. Hore-Belisba, Financial Secretary to the Treasury, told a questioner that British imports of gold bullion and coin from India from September 21, 1931, when the gold standard was suspended to December 9, 1932, were valued at. £674 million; Only a small proportion was in sovereigns valued at par. The remainder was valued at the current, gold price. The figures did not indicate the final destination of the gold.
INTENTION ABANDONED
New Monetary System
(Received Dec. 13, 5.5 p.m.)
Official Wireless. Rugby, Dec. 12. The. council of the Bank of International .Settlements, at its monthly meeting to-day, decided to abandon its intention to establish a new monetary system based on gold until the debts question has been settled between the Governments interested.
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Dominion, Volume 26, Issue 69, 14 December 1932, Page 9
Word Count
140GOLD FROM INDIA Dominion, Volume 26, Issue 69, 14 December 1932, Page 9
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