RETURN TO GOLD.
SOUTH AFRICA’S POSITION. BY CABLE—PRESS ASSOCIATION—COPYRIGHT Received Nov. 12. 2.35 p.m. CAPETOWN, Nov. 11. The possibility is being discussed of South Africa soon returning to- gold currency as a consequence of the falling price of gold on the London market, together with the increasing exchange rates imposed by the banks It may soon be move profitable to the mining industry to- send gold to the Pretoria mint to -be converted into sovereigns than to sell it in Loudon. It will then he possible for the industry to- pay wages and purchase South African .stores of gold amounting to a million and a half monthly. The mint authorities admit that this is quite practicable.
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Hawera Star, Volume XLVIII, 12 November 1924, Page 9
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116RETURN TO GOLD. Hawera Star, Volume XLVIII, 12 November 1924, Page 9
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