The Archive · 1925

Drain of Gold on Bank

OF ENGLAND — Rise in the Rate Anticipated

London, Oct. 17.

Yesterday's further large gold withdrawal of nearly £2,000,000 from the Bank of England' is causing a certain amount of concern City circles, though it is generally the opinion that the withdrawals are due to the customary autumn drain to America, A possibility of an early rise in the Bank Rate, however, is being freely discussed as, since the return to an effective gold standard Inst April, the gold resources of the Bank'have now been diminished by over £2,000,000.—Reuter.

The Laomedon reported October 5 that she had lost her propeller.

Text read from the printed page and cleaned; old type leaves the occasional error.

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