OCR Text |
Show MOVEMENTS OF GOLD. Curious report.1! come of tho movement move-ment of gold between London and lu-dia, lu-dia, A shipment of sovereigns is .-iIkjuI to arrhc in Loudon from India, valuod at 1.900,000. which is being sent by the Indian government to London on account of their being lighl. in weight. India is extremely exact ia the matter of weight of gold and silver coins. The coin that passes at its faco value generally gen-erally in commerce, will not pass in India unless it weighs up fully lo tho standard. Consequently this big consignment con-signment of sovereigns coining from India to London is a sort of punish-ineut punish-ineut to London for trying to work off light-weight, coin upon tho suspecting and resentful East Indians. The shipment ship-ment referred lo is a selection .from j about 20.000,000 in sovereigns held in India. The proportion, therefore, of sovereigns found in India of light weight is about oue in ten. This is a pretty bad average. Prominent English Eng-lish authorities say that thero will bo sent back to India in. return, for these sovereigns, full-weight coin that will balance the account. The gold production of tho world tho present year is likely to exceed that of List, - The 391 gold production of Iho Hand amounted to 31,99 1,020. Tho production, of the leu months that havo passed of the presont year amounts to ;J2,2-12J63:i. Undoubtedly, the gold production pro-duction of tho Baud tho present year will amount to considerably over 3(3,-000,000, 3(3,-000,000, or in excess of $180,000,000. This is a strong lead for a. gain this your over last in the total gold production produc-tion of the world, which will be a substantial sub-stantial reinforcement to the gold reserves re-serves everywhere held. |