WORLD GOLD OUTPUT

Northern Advocate, 19 April 1933, Page 4

WORLD GOLD OUTPUT

Th annual bullion circular of Samuel Montagu and Company contains a statement showing the gold .holdings of the various nations of the world at, or near to, the arrived at is £2,442,825,475 in gold pounds at 775. IOM. a standard ounce. The United States holding at the end of the year is shown at £832,200,000, and the French holding at £668,356,000, or together £1,500,556,000. This represents nearly two-thirds of the grand total. The British Empire holding is shown at £205,731,475, and the next largest holding is that of Switzerland, £97,966,000. In connection with the grand total it should be noted that some countries include amounts held abroad in their holdings. The circular includes statistics indicating the position occupied by the British Empire with regal'd to the production of gold. It is estimated that world production of gold last year amounted to the record total of £lOl,500.000 in gold pounds at 84s. 11. kl. a fine ounce, against £94,300.000 in 1931. The British Empi re’s contribution to the total rose from £66,000,000 to £71,600,000, its proportion of the total being little changed at 70.5 per cent. South Africa’s proportion of the world total was slightly lower at 48.4 per cent, in spite of the Band’s record production.