§ Mr. FELLasked the President of the Board of Trade if he can state the value of the total output of gold in the world for each of the past ten years; and if he has 463W any Report to show that such output is now in excess of the requirements of the world; and is resulting in a depreciation in the value of gold, and a consequent loss of its purchasing power?
Mr. BUXTONThe figures compiled annually by the Director of the United States Mint indicate that the value of the world's gold production in each of the years 1899–1908 was as follows. The corresponding figure for 1909 is not yet available:—
£ 1899 … … 63,027,000 1900 … … 52,311,000 1901 … … 53,630,000 1902 … … 60,974,000 1903 … … 67,338,000 1904 … … 71,381,000 1905 … … 78,143,000 1906 … … 82,599,000 1907 … … 84,362,000 1908 … … 90,810,000