DECIMAL COINAGE

Press, Volume C, Issue 29634, 3 October 1961, Page 6

DECIMAL COINAGE

Consultations On Moves

(N.Z.P.A.-JUuter— CopurigM) MELBOURNE, Oct. 2. Australia would keep in touch with Britain and New Zealand on decimal currency moves, the Federal Treasurer (Mr Holt) said today. “If one er more <jf us made a firm decision to go ahead With decimals it would help if we could consider doing so about the same time and perhaps using the same terms as currency,” he said. Mr Holt, who returned to Melbourne yesterday from a tbree-wpek trip during which he attended the Commonwealth Finance Ministers’ conference in Accra, Ghana, was speaking in a press in|gr. yiew. He said the British Chancellor of the Exchequer (Mr plovd) had nut raised the matter with his Cabinet but he had arranged for a report prepared by Australia to be studied. Mr Holt said that he, Mr JUoyd and the New Zealand Finance Minister (Mr Lake’ had had a useful talk on currency. The New Zealand Government had announced srAßtjx being made." The decision to keep in touch en decimal eurreney did not mran that Britain had decided to introduce pew currency, he said. British interests however, doubtless had been Stimulated by the fact that, if she entered the European Common Market, she would be the only mem. ber country without k decimal currency.