NO LEGAL STATUS.
AUSTRALIAN COINS. USE IN NEW ZEALAND. A correspondent lias raised tlie question whether Australian silver coins are legal tender in New Zealand. Although these coins have been in circulation in the Dominion for many yearn and are freely accepted by the banks there is no statutory authority for their use. The only references to eilver coinage in the New Zealand Gazette are those which concern the legal coins imported from Britain. An Order-in-Council in 1897 provided that the silver coinage of this country should be that minted in Britain. In 1921 there was an amendment which reduced the amount of fine pilver in the coins, but left the question of legal tender in other respecte as it had been in the past.
The banks in New Zealand have always accepted Australian silver coins, without question, as legal tender up to the statutory limit of £2, and their attitude probably supplies the explanation why the status of Australian coins has never been seriously challenged.
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Bibliographic details
Auckland Star, Volume LXIV, Issue 188, 11 August 1933, Page 11
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166NO LEGAL STATUS. Auckland Star, Volume LXIV, Issue 188, 11 August 1933, Page 11
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