BIG GOLD TRANSFER.
UNITED STATES TO CHINA. AVASHINGTON, Feb. 11. Tlie Treasury Department to-day revealed that 9,970,000 dollars of gold had been earmarked for China, but it refused to elucidate details or the significance of this unusual transaction. , . ~ Jt is understood, however, that the gold will serve to pay for quantities of silver bought from China under the Government purchasing programme. It will be recalled that last year like action was taken with Mexico when dislocation of the silver market brought monetary distress to that nation. As China is reported to have suffered from the drainage of silver to America, some believe that America_ is prepared to extend aid in reorganising China’s monetary system.
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Manawatu Standard, Volume LVI, Issue 64, 13 February 1936, Page 7
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114BIG GOLD TRANSFER. Manawatu Standard, Volume LVI, Issue 64, 13 February 1936, Page 7
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