PRICE OF GOLD.
Mr Seddon M.P., has received the following letter from the Under Secretary, Mines Department:—Re Gold Producers in Westland and prices obtained for gold. Replying to your letter or 11th. inst. hereon, I have to state that the Banks doing business as gold dealers are prepared to act as agents lor gold miners and others on payment of the following commission:
On lOOozs., or less, 1% with a minimum of 30/- on any single parcel; Over 100 ozs. and up to 500 ozs. 1% on the first 100 ozs., and 1% on the excess ; 4
Over 500 ozs. }% on the whole parcel. In addition the owners would have sundry small expenses such as freight, insurance, etc. on each parcel, and presumably if an advance on the gold had had been sought then interest charges would be made until the money realised from the sale came to hand. From the returns furnished to ' the Department it is observed that Mr Harman Reeves, of High Street, Dunedin, Sharebroker, was paying during November 1920 from £4 155., to £5 per oz. for gold purchased by him.
[by TELEGRAPH —I’Kll PRESS ASSOCIATION]
PRICE OF GOLD
WELLINGTON, Jan. 10.
The High Commissioner cables, London 7tli: —The official price of gold today is £5 13s 3d, for shipment to America.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HOG19210110.2.18
Bibliographic details
Hokitika Guardian, 10 January 1921, Page 2
Word Count
216PRICE OF GOLD. Hokitika Guardian, 10 January 1921, Page 2
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in