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The Government in these circumstances has agreed to relieve the Reserve Bank of the obligation under the Currency and Banking Act of 1920 in connection with redemption of its notes in gold, and to suspend part of Section 18 of said Act in order to make such notes legal tender for any payment by the bank.” – Union Treasury statement, published in the Rand Daily Mail on 28 December 1932 under the heading ‘No more gold for notes in the Union − official’