§ 47. Sir F. WISEasked the Chancellor of the Exchequer the approximate stocks of gold in Great Britain, France., Germany, Italy, Russia, Spain, United States, Japan, Argentine, Australia, India and Canada in 1913 and in 1926?
§ Mr. McNEILLIn such international comparisons it is not possible to obtain figures that are either complete or exactly comparable, but I will circulate in the
| GOLD STOCKS (in Millions). | |||
| — | Currency. | Dec. 1913. | 1926. |
| United Kingdom:—Bank of England | £ | 34 | 149 (16th June). |
| Circulation* | £ | 123 | |
| 157 | |||
| France:—Bank of France | Gold Francs | 3,517 | 3,684 † (17th June). |
| Circulation* | Gold Francs | 3,053 | |
| 6,570 | |||
| Germany:—Reichsbank | Gold Mks. | 1,170 | 1,232‡ (17th June). |
| Circulation* | Gold Mks. | 2,000 | |
| 3,170 | |||
| Italy:—Banks of Issue and Treasury | Gold Lire | 1,493 | 1,149† (April). |
| Circulation* | Gold Lire | 500 | |
| 1,993 | |||
| Russ[...]a:—State Bank | Gold Roubles | 1,516 | 147 (May). |
| Circulation | Gold Roubles | 540 | |
| 2,056 | |||
| Spain:—Bank of Spain | Gold Pesetas | 480 | 2,537 (12th June). |
| U.S.A.:—Treasury | $ | 1,524 | 3,733 (1st May). |
| Federal Reserve Banks and Agents | $ | 310 | |
| 1.524 | 4,043 | ||
| Circulation* | $ | 380 | 454 |
| 1,904 | 4,497 | ||
| Japan:—Bank of Japans | Gold Yen | 224 | 1,123 (April). |
| Circulation* | Gold Yen | 38 | |
| 262 | |||
| Argentine:—Conversion Office | Gold Pesos | 243 | 452 (May). |
| Australia║:—Banks | £ | 35 | 59 (Sept. 1925 |
| Circulation | £ | 5 | |
| 40 | |||
| India:—Government | Rupees (at 2s.) | 382 | 223 (May). |
| Canada:—Government | $ | 115 | 98 (March). |
| Chartered Banks | $ | 46 | 78 |
| 161 | 176 | ||
| *Estimated. | |||
| †Excluding balances abroad. | |||
| ‡Excluding 260,000,000 gold marks abroad unpledged. | |||
| § Excluding Government gold with bank. | |||
| ║Including silver and bronze coin. |
§ OFFICIAL REPORT a statement g[...]ving such information as is available.
§ Following is the statement: