HEAVY SELLING
RAND STOCK EXCHANGE
GOLD TAX ANNOUNCEMENT
(Received August 31, 10.30 a.m.)
HAPE TOWN, August 30
The Minister of Finance, Mr. N. C. Havenga, announced that the Government intends next session to take power to appropriate—apart from the present mining taxation—the whole of the proceeds of the sale of gold above 150s an ounce.
The Government reaffirms its intention not to sever the link with sterling.
The announcement led to a heavy wave of selling on the Rand Stock Exchange.
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Bibliographic details
Evening Post, Volume CXXVIII, Issue 53, 31 August 1939, Page 9
Word Count
81HEAVY SELLING Evening Post, Volume CXXVIII, Issue 53, 31 August 1939, Page 9
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