PRICES OF SILVER
CHECK ON FLUCTUATION TERMS OF AGREEMENT USERS AND PRODUCERS RESTRICTION OF SELLING By Telegraph—Press Association—Copyright (Received ""July 24, 5.5 p.m.) LONDON, July 23 The text has been circulated of an agreement between delegates from India, China and .Spain, as holders of large stocks, or users, of silver, and Australia,. Canada, the United States, Mexico and Peru, as the principal producers. The treaty is ratifiable before April, 1931. It is designed to mitigate the fluctuation of silver prices. It permits India to sell a reasonable quantity of her surplus silver, while the other signatories will refrain from selling during the currency of the agreement, namely, four years. Aggregately, however, in proportions to be fixed, the other signatories may purchase, or withdraw from the market annually, 35,000,000 fine ounces of their mine production, beginning in 1931.
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Bibliographic details
New Zealand Herald, Volume LXX, Issue 21552, 25 July 1933, Page 9
Word Count
137PRICES OF SILVER New Zealand Herald, Volume LXX, Issue 21552, 25 July 1933, Page 9
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