GOLD-BUYING POLICY
AMERICA CARRYING ON
AVASHINGTON, December 15. It has been revealed that the Reconstruction Finance Corporation so far has allocated 75,000,000 dollars for the purchase of gold. Of the first 50,000,000 dollars, authorised on October 26, about 35,000,000 dollars was used for the purchase of foreign gold and 15,000,000 dollars for the purchase of newly-mined domestic gold. The second allocation of 25,000,000 dollars was made about ten days ago, a fact which is no longer interpreted to mean that no extensive purchases abroad are immediately contemplated. This latest appropriation definitely refutes widespread rumours that President Roosevelt has privately taken cognisance of Mr. Ach.son's opinion that gold-buying is illegal, and is withholding further purchases pending the passing of enabling legislation by Congress. "
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Evening Post, Volume CXVI, Issue 146, 18 December 1933, Page 9
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122GOLD-BUYING POLICY Evening Post, Volume CXVI, Issue 146, 18 December 1933, Page 9
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