DECREASE IN GOLD OUTPUT.
■F.ipp.. Tel. Copyright— United Press Assn .' (Australian and N.Z. Cable Association
LONDON, July 14,
Mir Lionel Phillips, a member of the Gold Committee, states that the cnusc of tho decrease m the gold production is mainly due to the unfair system whereby the' producers .are paid at the prewar rate, which, now does not suffice tn procure the same amount of commodities. He does not advocate any change m the standard "price of gold, but says the. loss of production ousrht to be made up m other "ways ; otherwise he foresees a perious decrease m the output.
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Bibliographic details
Poverty Bay Herald, Volume XLV, Issue 14658, 16 July 1918, Page 3
Word Count
101
DECREASE IN GOLD OUTPUT.
Poverty Bay Herald, Volume XLV, Issue 14658, 16 July 1918, Page 3
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