SOVIET GOLD
GOES BACK TO EUSSIA
BRITAIN NOT CONVERTED
LITTLE LEFT IN LONDON
{United Press Association.—Copyright.) v (Sydney Sun Cable.)
(Ke,;eived 24th January, 10 a.m.)
LONDON, 23rd January.
Guarded by armed Eussian sailors a consignment of Soviet gold for Eussia worth £1,600,000 left the Thames in a sealed hold aboard the steamship Soviet.
The "Daily Mail" says that the shipment amounts to a confession that gold has failed in its purpose of converting Britain. It was deposited with the Bank of England ostensibly 'as-a security for trading credits. Eus- . sian officials now state that it is being •returned to Eussia as payment for grain imported from Eussia, but trading certainly has not been on such a scale. The Soviet in 1925 sent bullion worth £2,800,000 obtained by melting 'vast quantities of jewellery and church plate. Little of it remains in London.'
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19270124.2.49
Bibliographic details
Evening Post, Volume CXIII, Issue 19, 24 January 1927, Page 9
Word Count
141SOVIET GOLD Evening Post, Volume CXIII, Issue 19, 24 January 1927, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in