Teen Having witnessed the flight of gold from China and Japan during the past year, it is readily appreciated how very important the deliberations of the League of Nations upon the whole gold question may eventually prove to be, It is obvious that when a country has to remit gold in payment for imports instead of meeting these payments by a corresponding amount of exports, even though these be of the "invisible" nature, the position is not healthy, and trade is likely to become worse the more the stocks of gold reserves are depleted. When, in addition to this, gold tends to accumulate in two or three centres, where its: proper function in relation to-trade cannot be performed, it is time that the best brains of the world set to work to devise remedies. How the unequal distribution of gold is proceeding: may be gauged from the following statistics:—In 1929. the Federal Reserve Banks of the United States added £55 millions in gold to their reserves, and the
Text read from the printed page and cleaned; old type leaves the occasional error.