COMMONWEALTH BANK GOLD.
A reduction of £1,000,000 is shown in the gold holding"of. the issue department of the Commonwealth Bank as at 30th December, compared with the holdings of a week previously. This is the last million of the four "millions whose export was announced by Sir Kobcrt Gibson on 29th October. The gold holding was then at the lowest point since the first publication of the weekly return as at 4th July, 1927. The highest point was on 21st October last, when it was £23,456,497. The reduction since that date is now £5,192,000. The ratio, of gold to notes is 40.35 per cent., compared with the legal minimum of 25 per cent. The highest ratio was on 9th September 1a5t—56.03. There is no reduction in the note issue, but a fall is expected.
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Evening Post, Volume CIX, Issue 5, 7 January 1930, Page 12
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134COMMONWEALTH BANK GOLD. Evening Post, Volume CIX, Issue 5, 7 January 1930, Page 12
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