Feilding Star, Oroua and Kiwitea Counties' Gazette. WEDNESDAY, NOVEMBER 5, 1919. THE SHORTAGE OF SILVER.

Feilding Star, Volume XV, Issue 3869, 5 November 1919, Page 2

Feilding Star, Oroua and Kiwitea Counties' Gazette. WEDNESDAY, NOVEMBER 5, 1919. THE SHORTAGE OF SILVER.

Thkrb is not only v shortage of ships, there is also a shortage of silver. Then* is not only the high cosL of living, hut silver is soaring also. The cableimui lias been tolling us that there is tuieh a demand for .silver h.v jowcllors that people in tho Homo land aro soiling their family plate, lor melting down, and the British Government has prohibited this melting down of silver coins. Silver by tho Vjunco has not been «o highly priced in England sinco 1807 as it is to-day—Sβ ljd l>or oz. It is said that the scarcity is not only <luo to tht'h return in popularity of .silver jowollory (and also to tho making oi millions of war medals and ornaments), but to tho pecularity of tho native people of India in hoarding silver. Binto the war begun the natives of India have been converting their profits into silver, and in this way they have absorbed £20,000,000 worth. What silver they do not convert into ornaments lor their women, tho men of India, Jiko thoso of China, bury in tJJie earth or under their hearth-stones. Tho . peasantry of hoarding habit. So that silver will still soar in price