BULLION IN AUSTRALIA
GOVERNMENT’S HOLDINGS
CANBERRA, Mar. 29. There was a great deal of gold held in Australia which was not owned by the Commonwealth Bank, but by the Federal Government, said Mr Chifiy, in answer to a question in the House of Representatives. The Commonwealth gold holdings had increased during the year, but he did not know whether it was advisable to publish the actual figures. There was also a considerable quantity held on behalf of the Bank of England and foreign banks. Gold holdings are not shown separately in the statutory weekly return of the Central Bank, but are included under “ gold and London balances," which is shown as £197,500,000 in this week’s return, compared with £144, 000,000 a year ago.
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Otago Daily Times, Issue 26115, 30 March 1946, Page 8
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123BULLION IN AUSTRALIA Otago Daily Times, Issue 26115, 30 March 1946, Page 8
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