Bullion for. Will Be Diverted To Canada London, Apr. 1 Continental liners on the New York route are now offering to halt at Halifax and deposit privately owned gold stocks, which the Cana-Gian Reserve Bank recently offered to place in safe custody, shipping circles said today.
This announcement is a godsend to British Banks and bullionists who are reported to be transferring a large part of their gold stocks to Canada.
The gold flow to the United States continued during the past week. In the three days ending March 30, gold shipments to New York amounted to £22471000, while the total value of shipments between March 20 and 30 reached the record of The Queen Mary sailed early this morning with £6,000,000 worth of gold bullion, of which £2,000,000 was picked up at Cherbourg and came from Belgian and Swiss banks.
—United Press.
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