Show constructive aid zy must c be given gold producers ff an estimate of gold production au of the united states w based on the out put for r the first six montas this W year indicates that production for 1920 7 will be less than halt the amount a produced in 1915 a according iffa to chairman if ff aw mcfadden of the house 7 committee 7 on banking ay and sai currency esy then the united 7 S ates 17 produced wy 21 5 af per cent of the total worlds gold output ey and the a british empire 63 av 7 per w cent tw in 1919 the united 0 states produced but 16 is ifs 6 per cent while the british empire produced in f of 7 f ase 7 4 1919 the british empire has been paying 7 an exchange premium as sy high as 50 per cent to gold producers of ay south iy africa vew where jaff AK the bulk of the british gold is produced while in the 7 united states no assistance has been rendered gold aff mining this year the 7 aff contribution 11 of the ufa united lafr states aff will ai probably aw be not ww more v than 12 fy per cent about half of that which it contributed iasa iA in sf 1916 while the a stimulating esry effect of the ex wA change premium aul wul probably in f crease fwu the british empire iffa s quota to 75 per cent compared with 1914 vy the aw jaff ing power y of afsa the a dollar ff away in terms 7 of all commodities in 1919 was aw 47 cents 7 the ff gold Vf producers Wa iyih ounce in 1914 had a purchasing ifa power 1 of 20 67 dwar vw affy 1919 it could purchase in terms of all com but 9 70 S nee the price azre of gold Is fixed by i statute at 20 67 an ounce the gold producer is in the same position as a person a who re calved the same income W irwi in iX 1919 Wi as 0 in 1914 and finds that the 2000 income has 7 a shrunken in purchasing power to this is reason avia for the decline of kr gold jaff pro of the united states a from 00 in 15 to less than 50 this year |