OUR HISTORY – GOLDEN DUTY
Regulations in 1933 set out procedures for the sale and delivery of gold coins – and involved Justices of the Peace. Anyone selling gold must ensure the delivery was made in the company of “…an authorised person who personally knows the purchaser…”. Justices of the Peace were listed among those authorised to witness the delivery of gold to persons with whom they were personally acquainted. The regulations were introduced by the Government as a stabilising measure to prevent the sale of gold for currency during a period of fluctuating international markets.
Researched and compiled by Ric Carlyon