BANKS AND THEIR GOLD
TO THE EDITOR. Sir, —There appears to be a conflict between the statements of two authorities, Mr James Begg and “ Ruseveld,” as to the price paid by the British Government to the Bank of England for gold for payment of American debts. “ Ruseveld ” maintained that the Government paid market price to the bank. Mr l?egp states that the bank received £1 sterling for each sovereign worth approximately 30s, and that the premium of £8,000,000 was paid into a Government account. May I ask Mr Begg how, in the circumstances he states, there could be any premium to pay in? —I am, etc., Exchange. t
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Otago Daily Times, Issue 22100, 2 November 1933, Page 15
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108BANKS AND THEIR GOLD Otago Daily Times, Issue 22100, 2 November 1933, Page 15
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