FIVE MILLIONS
LONDON GOLD FOR NEW YORK BANK RATE MAY BE RAISED [ Australian Press Assn. ] Received Sept. 16, 5.5 p.m. LONDON, Sept. 15. The discount market is not greatly perturbed by the. news of the shipment of £502,000 worth of gold bars to New York, as such exports have been long expected. Lt is rumoured from America that this is only the first of a series of shipments, likely to aggregeate £5,000,00, but the Bank of England’s position is very strong, its gold stock being £25,500,000 higher than a year ago, so that the loss of £5,000,000 can be borne with cquani nity, though it must necessaril; keep bill sales firm and will possibly entail an increase in the bank
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19280917.2.73
Bibliographic details
Wanganui Chronicle, Volume 71, Issue 220, 17 September 1928, Page 8
Word Count
120FIVE MILLIONS Wanganui Chronicle, Volume 71, Issue 220, 17 September 1928, Page 8
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in