Parowan Times | 1934-08-24 | Page 7 | Gold Miners in Brazil Can Sell Only to State

gold miners in brazil can sell only to state rio de janeiro by decree ot of the government all gold mined in the country will be purchased exclusively by the banco do brazil for account of the national treasury at the quotation prevailing at the time in the interns international market the government decree ests esta upon the banco do brazil all responsibility as to the purity of the metal purchased those engaged in the mining of gold in say any form tire required to file with the bank a monthly memorandum stating tile the quantity of 0 metal extracted and the stock on hand no gold can be offered for sale to private individuals and any who break the law are subject to heavy fines and imprisonment