DOMINION SHIPPING GOLD
£400,006 GOES TO AUSTRALIA. By TslegrSPh—Press Assn —Copyright. Australian Press Association. Sydney, May 1 6. Shipments of gold valued at £400,000 have been landed here from New Zealand since May 1. The official purpose is not clear. An exchange adjustment ia possibly involved, but it is thought that is more likely for investment in Australian Government securities, of ’which New Zealand investors have .been making considerable purchase lately. It is evidently* considered cheaper to pay freight, insurance and other chargee for the shipment of actual specie than to transfer funds by New Zealand drafts on Australia at the current rates of exchange.
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Bibliographic details
Taranaki Daily News, 18 May 1928, Page 7
Word Count
105DOMINION SHIPPING GOLD Taranaki Daily News, 18 May 1928, Page 7
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