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Large nunilici's of soiled bank notes are burnt almost daily at thp Commonwealth Treasury in special furnaces, states the Mellioiinic "Age." Sicce the outbreak of the war no fewer than 33,217,937 separate, notes.have been tints destroyed, representing n face value of £47,078,090. Although this has been » Rigmitic task, it is said that, not a single note lias been lost or mislaid during the period, 'flrre aro uiuloubtedly' many worn or dirty notes still in circulation. They move from hand to liniyl without setting to a bank. When not*s lind tlioir way to ii bank, however, the ■ soiled notes are sorted from tho clean ones and sent to the Treasury for destruction. Although Iho Treasury has a two years' supply of bnnk-nuto paper in hi!ml in view of possible shortages, a sin.'ill soiled not:- reserve is also beiiij; u aiiitained, in case of eventualities---■ this reserve consisting of the best of tlii! returned notes. Further stops will be Inkon after the war to withdraw soikil notes from circulation, but for the time being scarcity of paper , will prohibly proven , ; new methods being adopted.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/DOM19181008.2.83

Bibliographic details
Ngā taipitopito pukapuka

Dominion, Volume 12, Issue 11, 8 October 1918, Page 7

Word count
Tapeke kupu
182

Untitled Dominion, Volume 12, Issue 11, 8 October 1918, Page 7

Untitled Dominion, Volume 12, Issue 11, 8 October 1918, Page 7

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