Show SILVER PRODUCERS OF MEXICO MUST RETURN PART OF EXPORT METAL A el baso aso texas july 12 mining companies in mexico are protesting vigorously against the decree signed by president obregon which provides that 25 per cent of all silver ot exported ported from mexico for refining or other purposes must return to mexico in gold el paso herald which received the foregoing information in i a special telegram froni from mexico city reports that under the e terms of the decree exporters of silver must present to the mint 25 per cent of the value of all silver they export exhort either in gold coin or gold metal for the purpose of being coined reclined re or coined into mexican money this is considered one of the most important decrees issued by the obregon administration the heralds correspondent says and is due to the depreciation of silver coinage the decree further provides that exporters of silver bars must bring back any gold mixed therein much of this class of mixture leaves mexico for the united states for refining purposes strict enforcement of this decree is expected but the percentage will be decreased gradually it is announced as silver coinage improves in value the prem premium iuni on gold as compared with silver is now about 3 per cent it has touched 4 per cent view of officials connected with the mint is that the first year the new law is in effect mexican gold pesos apesos will be coined and placed in circulation to relieve the depreciated silver |