TONS OF GOLD

Grey River Argus, 24 August 1934, Page 5

TONS OF GOLD

ON LIMITED EXPRESS Sent to Reserve Bank (Per Press Association.) AUCKLAND, August. 23. The Limited Express carried its most valuable cargo to-night when gold bullion weighing five and a-half tons, and worth about £1.000.000 ou the London market, was sent by the Reserve Bank from Auckland te Wellington. The consignment, which came from the vaults of the city banks, and comprised 131 boxes, is valued at about £650,000, based on the standard price at which the Reserve Bank is taking over the gold reserve of the trading banks. Few of the passengers of the express realised what a valuable cargJ accompanied them on their journey, for the gold had been placed in a special carriage about an hour before the departure of the train. There was little, if any. indication of the presence of the gold on the train when it pulled out of the station. The sight of the boxes being loaded on to a motor lorry from a city hank in Queen Street about 5.30 this afternoon excited little curiosity from the passers-by. The boxes of gold were taken by motor lorrv to Auckland railway station, where they were placed in a first-class carriage at the postal siding, under the surveillance of a few police constables and detectives and five bank officials, who accompanied the bullion to Wellington.