Show AUSTRALIA WILL USE GOLD SURPLUS SYD SYDNEY IY N S W May 12 12 By The Associated Press Gold Gol coinage is likely to be In circuIt circuIt- circuit tion again In Australia within 1 12 months according to financIal ex- ex experts exports ex experts ports when exchange nih will 1 reach parity agan The embargo on th the export of gold still is operative and It is pointed out that could mild not allow free shipment of ot her ler l er gold gob it Ie Great Britain did not do the same It Is believed here that the thc agree agree- agreement agreement agreement ment for funding the British debt to the United Mates will 11 hs haten h ten ten the resumption of or gold payments In the United Kingdom and It I is under under- understood understood understood stood that as soon a an as the example lis Is set In England It will be I d Immediately in Au Australia Gold production has declined hea lIy In Australia but the gol gold 1 circulation 1 e against paper stands st among the highest in the world The latest note tr-nue tr ue re re- re turna re-turna turns tnt chow how that the value aue alue of ot notes not not- s sin In circulation is with nith in gold old or 46 6 4 p percent per r cent hald bald against It |