RED GOLD RETURNED
SHIPMENT VALUED AT £1,600000 LEAVES BRITAIN. DEPOSITED AS SECURITY FOP TRADING CREDITS. LONDON, January 23. Guarded by armed Russian sailors, a consignment of Soviet gold for Russia worth £1,600,000 left the Thames in a sealed hold aboard the steamer Soviet. The “Daily Mail” says the shipment amounts to a confession that Russian gold failed its purpose of converting Britain. It was deposited with the Bank of England ostensibly as security for trading credits. Russian officials now state it is being returned to Russia as payment for grain imported from Russia, but the trading has jiot been on such a scale. The Soviet in 1925 sent bullion worth £2,500,000‘ obtained by melting vast quantities of jewellery and church plate. Little of it now remains in London. —A. and N.Z.C.A.
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Gisborne Times, Volume LXV, Issue 10314, 25 January 1927, Page 5
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131RED GOLD RETURNED Gisborne Times, Volume LXV, Issue 10314, 25 January 1927, Page 5
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