THE WORLD’S GOLD
EMPIRE PRODUCTION
“Of the world’s gold production, 71.6 per cent, comes from within the Empire.” said Sir John Kirwan, President of the Legislative Council of Western Australia, addressing London f Australians at a recent luncheon in London.' Of last vein’s estimated world production of 23,000.000 ounces, he added, no fewer than 18,000,000 ounces came from Empire sources. The Empire’s gold supply, was practically inexhaustible. , Gold wits never before in so great a demand. Its price had risen in terms of sterling from £4 4s 114,(1 an ounce to. roughly, £6. In these-circumstances the Empire must benefit if it would expand the output. Much of the known goldfields area nt Wcriorn Australia was, he added, still virgin Auriferous laud, and no country would I (Uiefit more from a gold mining revival than Aust'alia, and especially his own s'fMn "hich. for years, had nrodm ed more than 85 per cent. of. the hital gold yield of the Commonwealth.
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18068, 20 April 1933, Page 9
Word Count
159THE WORLD’S GOLD Poverty Bay Herald, Volume LX, Issue 18068, 20 April 1933, Page 9
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