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The Decimal Association, of Australia is issuing a comprehensive chart showing the various values as they would appear under a dceimal system based on the sovereign as a standard. The chart indicates, says the South Australian "Register," that, all of our present coins down to the sixpence—with the exception of the half-crown, which is how being discarded—fit admirably into the new system, and that it is proposed that two new nickel coins having the value of 10 and 5 cents, and two new bronze coins of the value of two and one cent., should be issued". The, scheme embodies some of the advantages of the duodecimal idea as far as this is practicable, and enjoys all the recommendations of; a decimal coinage which will disturb our commercial intercourse in the least possible degree. In adopting the term "cents" for the one-hundredth subdivision of the florin, consideration has, been given to the ease with which the people would get into the habit of quoting in pounds, florins and cents. The subdivision of the florin has, it is contended; the further advantage that the popular penny would be. so nearly represented by four cen ts—the difference : being' only 4 per cent, in "value —that the disturbance created in the mind of the public would be practically nil. It is considered not improbable that when the Federal Government comes to adopt the new coinage, it may be found expedient to mint a four cent, piece, and it is not imKkely that this; new coin would continue to circulate 1 under the. name of "penny." Instead of 24 such coins making up a florin as heretofore, it would take 25 under the decimal system, but in practice this would resolve itself into such could grasp its new value within the a simple process that, even a child period of a single lesson.

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Bibliographic details

Ashburton Guardian, Ashburton Guardian, Volume XXXIII, Issue 8791, 11 February 1914

Word Count

THE DECIMAL SYSTEM Ashburton Guardian, Volume XXXIII, Issue 8791, 11 February 1914