AUSTRALIAN COINS.

Dominion, Volume 5, Issue 1396, 23 March 1912, Page 4

AUSTRALIAN COINS.

KKR.'SEI) IN WELLINGTON. For some time past thero havo been references in the Australian papers to the treatment (he "Young Australian" party receive! in New Zealand last year, one of the causes of complaint being that the Australian coins (silver coins minted in Australia) were refused in Wellington. The Inltev statement was contradicted by Sir William Russell. Tho matter is still receiving alloution in Australia. In last Saturday's Sydney "Daily Telegraph" appeared the following telegram froin.Pcrilu "Six members of' the' Young Australia League party, are touring America and England. Their manager, Mr. Simons, and the secretary, Mr. Coyne, have written to the West'Austrolian press respecting tho denial bv Sir William Russell that. the. Australian coinage is iofused in New Zealand. The letters stale that the Wellington Post and Telegraph olhces mid viiriuus business places refused o accept. Australian coins, and directed tho proll'erers to an olliro where they could be cashed at :!5 per cent, discount. A written offer was received from Mr. Joseph Mollier, of Willis Street, Wellington, to discount tho league's Australian coins at \lo per cent." Inquiries regarding the above statement were set afoot yesterday. As tho post office was mentioned, an inquiry was made at tho accountant's, ollice of tho Post Office Savings Hank on Lambton Qu.iv, where our representative was informed that Australian coinage had been refused. On inquiring the reason, tho reporter was informed that it was owing to tho action of tho bonks in refusing to accent I lie same. Inquiry was I hen made at the Bank of. Australasia. Mr. A. I. Webster, general manlgcr, said that tho banks liail not . refused lo accept Australian coinage. The chanres were if a man came along with a large amount, .£IOO oi' ,£OOO worth, some demur might bo made, but ordinarily the banks would nccnt Aiist'-alilin coin; without question. Having this assurance from (lie hanks, another call was made on the accountant to the Post Office Savings Bank, who, in reply to the statement that the banks were not rol'nsin? Australian corns, said that the bank Ihcv had dealings witllllio Bank ot New' Zealand-had refused the new coinage up till November l|is>. Now they were all accepting them without demur.-