Russian gold

Bibliographic data

Monograph

Identifikator:: 1772009490

URN:: urn:nbn:de:zbw-retromon-156190

Document type:: Monograph

Title:: Russian gold

Place of publication:: [New York]

Publisher:: Amtorg Trading Corporation, Information Department

Year of publication:: 1928

Scope:: 72 S.

Digitisation:: 2021

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: The Soviet Gold Reserve (1921-1923)

Collection:: Economics Books

that this gold was ever recovered by the Soviet authorities. Of the 237,300,000 rubles of gold which arrived at Vladivostok, 68,300,000 rubles were paid over outright and 126,800,000 rubles were pledged to Allied financial interests, leaving a balance of 42,200,000 rubles in the vaults of the Vladivostok office of the State bank. About the end of October, 1919 when Omsk and Western Siberia had to be evacuated by the Kolchak Government, the balance of the gold reserve was shipped east on a special train, which was abandoned by Admiral Kolchak at Nizhneudinsk and for some time was guarded by the Czechoslovak troops, who delivered the gold to the Soviet authorities about the close of January, 1920, prior to their Anal evacuation of the country. In addition to the gold of the Russian State Bank the Soviet authorities also held bout 118,200,000 rubles of Rumanian gold, shipped to Moscow by the Rumanian Government for safe-keeping during the German invasion late in 1916 and at the beginning of i917. Their holdings were also augmented to a small extent by requisitions and confiscations of church and private treasure and the output of the Ural and Siberian gold mines. All in all the amount of gold in the hands of the Soviet Government at the close of the Civil War in 1920 is estimated by Novitzky at about 900,000,000, Or 1,000, 000,000 rubles, composed of, first, about 450,- 000,000 rubles, the balance left in their hands after payment of the German indemnity and the loss of gold in Kazan in 1918, and second, another 450,000,000, which comprises the gold which fell into their hands at Omsk, Nizhneudinsk and Irkutsk following the overthrow of the Kolchak and other Anti-Soviet governments, and finally the Rumanian gold and the small amounts of new produc- tion.” The official Statistical Annual of the Soviet Government for 1018-1920 (Vol. II, p. 41) shows the following amounts of gold held by the central office of the Budget and Accounts, the temporary successor to the former State bank, and in charge of its liquidation: (IN GOLD RUBLES) Jan. 1, 1920 July 1,1920 Jan. 1, 1921 3,052,622 87.194.636 153,745,769 Held in the central treasury Accounts of the State bank in liquidation: Gold at the mint... Gold in transit ........ 19,450,764 19,450,764 '76,381.3F 568,479,353 483,026,751 741,675,876 Figures for the earlier dates apparently are incomplete and do not include the accounts of outlying offices in Siberia, data for Total woe, 2 R

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