SIR FREDERIC HAMILTON ON GOLD.
In our Financial Supplement today will be found an interesting article on the future of gold, by Mr. Paul Einzig, and some of his conclusions with regard to the future of that metal gain emphasis from the very capable review of the factors likely to determine the future currency value of gold, which was given by Sir Frederic Hamilton at the recent annual meeting of shareholders of H. E. Proprietary, of which he is the Chairman. A summary of Sir Frederic's remarks will be found in another column, and among other things it will be noted that he expressed the view that the peak of the world's gold production had probably already nearly been reached. On the question of any possible reduction in the buying price, Sir Frederic considered that the result on output of a reduction in the price of gold might be negligible but that a really drastic reduction would produce economic and political results which he described as catastrophic.
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