SILVER COIN.

Ashburton Guardian, Volume 55, Issue 128, 12 March 1935, Page 3

SILVER COIN.

BRITISH AND AUSTRALIAN (Per Press Association). WELLINGTON, March 11. Arrangements with the banks to accept for a further short period British and Australian coin still in circulation was announced this evening by the Minister of Finance (the lit. Hon. J. G. Coates). After mentioning that in a proclamation published on November 1, 1934, British silver coins were declared not legal tender in New Zealand after February 1 last, Mr Coates said he had been informed that some British and Australian coin still was in circulation. In order that these people holding British or Australian coin and who had not been informed of the position should not be penalised he had made arrangements with the banks to accept these coins for lodgment or in exchange for New Zealand coins for a further short period. He asked shopkeepers and the public generally to assist in clearing up the exchange of old for new coin by promptly lodging all British and Australian silver coin or exchanging it for new coin. Mr Coates further stated that no permits for the export of any class of silver coin would be issued, and the prohibition at present in force would be rigidly maintained.