The Archive · 1937

Slight Drain on Silver Stocks Noted

London, July 23, Movements of gold in the United Kingdom during the week ended July 21, resulted in a surplus of imports over exports by £1,278,000, compared with net exports of 432,000 for the previous week.

Imports during the period under review amounted to £2,5262,000 and included shipments from the following principal sources: Africa £2257,- 000, British Indies #136000; Australia £29,000 and Trinidad £26,000.

The previous week's imports totalled £3,642,000 including £1,716,- 000 from Africa, £813,000 from Germany, £306,000 from India, £724,000 from China and £27,000 from New Zealand.

Exports of the yellow metal for the same week were £1,248000, of which £1,017.000 was exported to the United States, £150.000 to Yugoslavia and £48,000 to Finland.

A total of £5,074,000 was exported by the United Kingdom a week ago and included the following: £4,849,- 000 to the United States, £102,000 to Yugoslavia, £37,000 to Switzerland and £80,000 to France,

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

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