TIME
Despatches from Yakutsk, Siberia, asserted that a Soviet Commission of Investigation has reported “the presence of about 400 tons of available gold in the 6,000 square miles of territory in the Aldan River District.” Koreans, Japanese and Chinese, who have been flocking to this remote and inaccessible part of Siberia, were ordered to depart within one month by the local Soviet. Henceforth only Russians will be allowed to “work” the region, and it is alleged that they will be forced to exchange all gold mined for Soviet currency at a rate of 2½ chervonetz* ($14) an ounce. (Refined gold is worth $20 an ounce in the U. S.)
*The new Russian currency; valued at $5.15.
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