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business with Russia maintain agents in Swedish or other Baltic 
ports. 
The Soviet Government is said to have a fund of approximately 
$7,000,000 on deposit at the present time with a New York banking 
~oncern. 
New York Times, April 23, 1921 
SOVIET GOLD IN SWEDEN 
TOTALS $120.000.000 
SEVENTY TONS SMELTED THIS YEAR. MOST OF IT REPORTED SENT HERE. 
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StockHOLM, April 22: —Considerable quantities of Russian 
gold have been smelted and turned into rubles and other gold articles 
by the Swedish Mint lately, according to a statement of the Director 
of the Mint to the Associated Press today. ' During’ 1920, he said, 
nineteen tons of Bolshevik gold were smelted of which three and a 
half tons were turned into rubles. 
This year the mint has smelted seventy. tons, worth approx- 
imately $42,000,000, and most of this gold, according to the Director, 
has been sent to the United States in payment for goods. Gold 
ngots made up at the ‘mint, he explained, are stamped with the 
nsignia of the Swedish Mint. 
Bolshevist gold at present in Stockholm banks is estimated at 
more than $120.000.000. 
New York Times, August 6, 1921 
MAY SHIP SOVIET GOLD HERE 
Moscow No Longer Barred From Doing So, British Officials Rule. 
WASHINGTON, August 5:—Russian Soviet gold may now be 
shipped to this country from Great Britain as the result of a recent 
‘est case in the British courts. The Department of Commerce has 
been advised to this effect by Ambassador Harvey. 
“The London Board of Trade now takes the ground,” the 
Ambassador said, “that the outcome of the test case demonstrates 
that no holder of Imperial Russian securities can successfully contest 
the Soviet claim to legal ownership of the Russian gold reserve, 
ind I am informed that the Bank of England will henceforth grant 
export license or documents of title for Soviet gold without regard 
to the character of the assay marks it carries.” 
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