GOLDMINING

Grey River Argus, 24 April 1936, Page 12

GOLDMINING

Gold is £7 Os Hd per oz a-t London. Quotations tire: New River 7d, Okarito —, ss; Skippers 24d, 3LI; Worksop Is 4d, Is 9d; Alexander —> 21s; Alexander (15s paid) 145,. 17s; Argo Gold Is 5-hl, Is 64d; Big River 2s, 2s 04d; Gillespie’s Is, —; Goldfields 3:|(1, 4'ld; Maori Gully lid. Hid; Mossy Creek —, Is 6d; Mount Lyell 24s sd| 24s Bd. 1 THE GOLD TAX. WELLINGTON,. April 22. . The abolition of the tax on gold, which he said was a most dangerous fiscal precedent, was advocated by Mr Kyle in -a question he asked in the House of Representatives, The Minister of Finance (Mr Nash) re plied as follows: The evidence available. does not support, the suggestion that th P tax 011 S old is a dangerous fiscal precedent. The depreciation of New Zealand currency, allegedly to meet the cost to primary producers occasioned by -tire fall in overseas prices, has entirely the opposite effect 011 gold in that, as other prices fall, the price of gold appreciates. The question has already been considered by rhe Government, following representations by -ihe Minister of Mines, and will receive further consideration when the Government’s taxation and raining legislation proposals are being examined.