The Archive · 1925

South African Gold

No Postponement of Gold Payments Pretoria, Jan, 12.

The Government has decided not to introduce Legislation to postpone resumption of gold payments beyond June 30.

Accordingly specie payments wi be resumed on July 1 or such earlier date ax may be necessary under the existing: legislation, The foregoing decision accords with the recommendation of the Special Currency Commission, which also recommended that the ' South African Reserve Bank should operate more actively in future in the open market with a view to assisting the restoration and maintenance of the gold standard.—Reuter,

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

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