The Archive · 1926

Mints Output of Sovereigns

'Three and a Half Million Struck'

Last Year: Gold Reserves Enough London, Dec. 21.

The annual report of the Deputy' 'Master Comptroller of the Royal 'Mint shows that during the year 1925 three' and a half mil Jeigns were struck. It is made clear, however, that they were not for internal use. "Our gold reserves," says the Comptroller, "although sufficient to justify the return to the gold standard, are not enough make possible the substitution of for notes in circulation." Nor aware that apart from sentiment any very serious desire has been evidenced for such a change. He points out also that the State has already borne the charge of Jone million pounds for wear and tear: of old gold coinage since it undertook the duty of replacement as a recognized policy—British Wireless through Reuter.

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

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