GOLD FROM AUSTRALIA.
PROPOSAL FOR BOUNTY. ASSOCIATION OF PRODUCERS. (Received March 14, 10.55 p.m.) CANBERRA. March 14. Mr. A. J. McLachlan, member of the Senate for South Australia, has a proposal before the Senai;e for the appointment of an expert committee, to inquire into the soundness of paying a bounty on gold which is to be employed exclusively in dealing with Australia's overseas indebtedness. Mr. McLachlan claims that this method would guard against inflation. The view will probably be put forward that no difficulty is experienced in dealing with the internal indebtedness, as illustrated by the success of the recent conversion loan, but that something further will have to be done to deal with the external indebtedness. A message from Melbourne says that to ensuro for the goldmining industry the premium now obtainable on the export of gold, it has been decided to form a Gold Producers' Association. All bona fide gold producers will be entitled to membership. The Federal Treasurer, Mr. E. G. Theodore, has given an assurance that no restriction upon the export of gold by bona fide producers would operate, except after ' a proclamation iby the GovernorGeneral.
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New Zealand Herald, Volume LXVII, Issue 20514, 15 March 1930, Page 11
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190GOLD FROM AUSTRALIA. New Zealand Herald, Volume LXVII, Issue 20514, 15 March 1930, Page 11
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