BRITISH COINAGE
EXPANSION OP CIRCULATION SMALL VALUE NOTES BEING PRINTED. MERELY AS PRECAUTIONARY MEASURE. (By Telegraph—Press Association—Copyright) (Received This Day, 12.25 p.m.) LONDON, October 25. The authorities, it is reported, intend to print five shillings and two and sixpenny bank notes. The probable explanation is the sharp expansion in the circulation of coinage, due to trade activity. The holding of silver coin in the issue department of the Bank of England has fallen from half a million sterling on August 31 to £9380 sterling. It is stated that the printing is merely a precautionary measure in readiness for further air raid dislocation. Bankers are emphatic that there is no evidence of a shortage of silver coins. The United States is likely to resent strongly any move to reduce further the very limited role silver plays in the British monetary system.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19401026.2.59
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 26 October 1940, Page 8
Word count
Tapeke kupu
140BRITISH COINAGE Wairarapa Times-Age, 26 October 1940, Page 8
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in