COMMONWEALTH COINAGE.
ON IS MILLION SHILLINGS. By the H.M.S. Otranto, which arriv- <*■*! ;’t Melbourne from London this week, the*, first butch of I ,000,000 shillings of the new silver coinage will he •delivered to the Commonwealth Government. In order to obviate the'construction of strong-rooms in which to store £50,000 worth of coin, the Government has arranged with the .Melbourne. Sydney, and Perth branches of the Imperial Mint to take possession of the money until it is required. Of the total. £25,000 worth will be forwarded to Sydney, £21,000 will be left ill Melbourne, and £4OOO worth will be retained at Perth. Arrangements have been made for the banks in each oi' the other capitals to secure what coin they require from the Mints. One-lialf of the silver will be issued to the banks in exchange for the British silver coinage now in circulation. The. silver withdrawn from the hanks will be forwarded to the British Government. The remaining half will be distributed among the banks in exchange for their own cheques. Future consignments from the Imperial authorities will include florins, sixpences, and threepenny pieces.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/GIST19100307.2.9
Bibliographic details
Ngā taipitopito pukapuka
Gisborne Times, Volume XXVIII, Issue 2753, 7 March 1910, Page 2
Word count
Tapeke kupu
184COMMONWEALTH COINAGE. Gisborne Times, Volume XXVIII, Issue 2753, 7 March 1910, Page 2
Using this item
Te whakamahi i tēnei tūemi
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in