GOLD FROM INDIA
EXPORTS TO BRITAIN. MUTUAL ADVANTAGES. Calcutta, Oct. 19. India, by her gold exports of £60,000,000 during the last 12 months, has materially assisted in stimulating the rise in prices and in arresting the world depression. A year has passed since Britain went off the gold standard, and the flow of hoarded Indian gold began. Not only have these vast exports helped ’ India to weather the trade decline better than most nations, and to meet her current liabilities to Britain in gold, but they have enabled Britain to liquidate her French and American debts with promptitude. India’s gold exports during the past year are estimated at three-quarters of the average world annual output in recent years.
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Taranaki Daily News, 27 October 1932, Page 7
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118GOLD FROM INDIA Taranaki Daily News, 27 October 1932, Page 7
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