Show billDrain Drain of Portuguese Gold LISBON July 22 During the past six months 20000003 in gold has been withdrawn with-drawn from Portugal From the beginning begin-ning of August the drain will dimish The principal payments including those for American wheat are being already met Importers are also cancelling millions for pounds sterling Portuguese gold and silver have almost disappeared Financial Minister Carvalho intends to remodel the monetary system on the basis of a coinage of silver pieces of lCOJ reis absorbing the credit voted for this purpose amounting to 7200 contos of reis The government hopes to ameliorate its position by treaties of commerce with South Americ in states making Lisbon the natural depot for Europe Eu-rope The treasury account Is improving under recent economies and under a monopoly mo-nopoly in alcohol but some great financial operation is an absolute necessity as a deficit de-ficit for the current year is estimated at 13000000 |