DECIMAL CURRENCY

Press, Volume CV, Issue 31005, 10 March 1966, Page 6

DECIMAL CURRENCY

Conversion Rates

New Zealand’s currency conversion to decimals is planned to take place in July, 1967. The rates at which shillings and pence should be converted to dollars and cents have been recommended by the Decimal Currency Board.

As a service to readers, “The Press” will print these tables periodically over the next 15 months. Liquid Gland Seal.—The Lanchow oil refinery in north-west China has evolved a liquid gland for sealing pipe joints, according to the New China News Agency. A mixture of highly polymerised compounds. stuffings and other promoters, the liquid gland resists high or low temperatures as well as high pressure. A thin film of the gland on a pipe joint ensures a tight seal.

Recommended conversion rates up to follows:— Is are as Id 1c 7d 6c 2d 2c 8d 7c 3d 2c 9d 8c 4d 3c lOd 8c 5d 4c lid 9c 6d 5c Is 10c Recommended conversion rates from Is to 5s are as follows: — Is 10c Is 8d 17c Is Id 11c Is 9d 18c Is 2d 12c Is lOd 18c Is 3d 12c Is lid 19c Is 4d 13c 2s 20c Is 5d 14c 3s 30c Is 6d 15c 4s 40c Is 7d 16c 5s 50c Recommended conversion rates from 5s to £1 are as follows: — 5s 50c 13s $1.30 6s 60c 14s $1.40 7s 70c 15s $1.50 8s 80s 16s $1.60 9s 90s 17s $1.70 10s $1 18s $1.80 Ils $1.10 19s $1.90 12s $1.20 20s $2