Since the beginning of the year an unusually large quantity of gold has been shipped from our ports, not only to England, but also to San Francisco, Japan, Cape Town, and other places. The sum amounts now to £2,900,000, but, it is thought that this drain of gold will not be kept up at the same rate for the whole year. Else we should probably find our-Selves asking the same question which Dr. Blimher's guest found so unanswerable. It has attracted notice that India has had since Christmas, over £2,000,000 in sovereigns from us. The Durbar' is held to be accountable for this, for visitors from England to India would prefer to have their drafts cashed in gold and the money has been sent from here to the banks there, acting under instructions from London. The movement, says the "Argus," would be of little consequence if the gold came out of India again in the free course of trade. But once cit! gold or silver finds its way to India, it very rarely appears again. It is swallowd up by a vast concourse of hoarders. During the last sixty years the precious metals to the extent of several hundreds of millions sterling have been sent to Yndia, to disappear from the world's currency, Where the hoards lie is not known, excepting to their owners.
Text read from the printed page and cleaned; old type leaves the occasional error.