Low commodity prices are having their normal effect of increasing the production of gold. The high price of the money metal has stimulated mining in every country where there are gold deposits. it now pays to work ore and alluvium that a few years ago would have been passed over. The result has been a phenomenal increase in the world’s output of new gold. The increase was steady from 1922 onward until last year when it was doubled. Another marqed expansion should be recorded in the current year. New Zealand is playing her part in the movement. In the first six months of 1932 92,2930 z. of gold valued at £485.880 was exported against 65,7450 z. valued at £269,436 in the corresponding period of last year. Here is a small but welcome offset to the decline in value of almost all other exports. Not only that, but goldmining is providing profitable occupation fox* many men who would otherwise be added to the register of unemployed.
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Waipa Post, Volume 45, Issue 3214, 9 August 1932, Page 4
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165Untitled Waipa Post, Volume 45, Issue 3214, 9 August 1932, Page 4
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