INDIA'S GOLD EXPORTS.
Although indisposition kept Sir Charles C. McLeod from attending the recent annual meeting of the National Bank of India, he had duly prepared his speech which, in his unavoid- able absence, was read by the Deputy-Chairman, Mr. R. Langford James. The address was a most interesting one, in the course of which Sir Charles touched upon many points of vital interest both to India and this country, including the problem of Japanese competition. Sir Charles also gave a useful reminder of the extent to which India has contributed to the world's gold requirements during recent years. He pointed out that the exports of the metal from India in 1933 amounted to £38,400,000 and to £57,000,000 in the previous year. Practically the whole of this gold, he said, came from the hoarded wealth of India.
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