In their circular of April 1 Messrs, Samuel Montagu & Ca. say with reference to gold The movement of gold on account of the repayment of the Anglo-French loan from the United States of America has not only had very favourable effect upon the exchange between this country and America, but has also established a record as to the amount of gold carried upon any one ship. Two vessels recently left England on the same day—the Minnekahda and the Lapland—both carrying over £2,000,- 000. It is understood that the former's gold cargo is more than the £2,000,000 placed on board the German liner Kronprinzessin Cecile at New York during the critical days of July 1914. The last mentioned vessel did not reach her' intended destination but had to take refuge in Bar Harbour. Maine. It, is reported that the Philadelphia will sail this week with a similar large consignment.
Under date Agpil 8 they add The widespread unrest that prevails in the world during these momentous years is indicated by a reference in a United States commerce report to "an old woman} paying for her purchase of a cotton mill with £100,000 worth of gold bars, which she had dug out of its hiding place" and estimates that "due to the disturbed political conditions and lack of adequate banking facilities throughout China, at least a billion dollars' worth of silver is similarly hoarded. which may partially account for the present exchange situation."
Text read from the printed page and cleaned; old type leaves the occasional error.