Messrs. Samuel Montagu & Co.'s report of December 1 on the gold market contains the following:
The Bank of England gold reserve against its note issue 1s £126,612,435, as compared with £126,610,100 last week.
A fair amount of gold was again on offer, and was taken mainly for the United States of America.
It is reported that gold to tha value of $7,000,000 has been received in New—York—86,000,000 from France; $900,000 from London and $100,000 from Germany, The following extract is from the "Westminster Gazette" dated 29th ultimo:—"The gold franc, which is the basis of all the monetary transactions of the League Nations, is solely an expression of values, and does not exist as metal currency. But a single coin to represent this monetary unit has now been struck, and it contains the exact ingredients in value. It is a piece of gold about one-third of the size of an English farthing, octagonal in shape, and very thin. It rests in a smal! jewel case, and jon one sida appears the. inserip-(Societe des Nations), 1921" and on the other side 'I frane or' (1 gold feane). Tt is 0.1925 of a dollar in American The gold output of Southern Rhodesia for the month of October, 1921, amounted to 53,424 ounces, as compared with 59,436 ounces for September, 1921, and 47,345 ounces for October, 1920.
Text read from the printed page and cleaned; old type leaves the occasional error.