Two-Up Penny Reserves
(N.Z. Press Assn.—Copyright) CANBERRA, Nov. 1. Australia’s national game, two-up, might be the reason why the Commonwealth had been forced to mint 80 million pennies this year—with decimal currency just around the corner—the Treasurer (Mr H. Holt) said.
He said that even though the new coins did not have the traditional sovereign's
“head” on them, there were apparently “reserves to enable this sport to carry on.” He was replying in the House of Representatives to Mr D. Minogue, Labour, New South Wales. Mr Minogue had asked Mr Holt to retain the penny when decimal currency was introduced to allow two-up to continue.
“This is a great national pastime, played not only by basic wage earners, but members of the legal profession, businessmen and even members of the Liberal Party,” he said.
Mr Holt said Mr Minogue’s observations “might well”
have provided the answer to the nation’s penny shortage. Two-up is a gambling game in which two or three pennies are tossed and bets laid on whether they come down all heads or all tails.
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Bibliographic details
Press, Volume CIII, Issue 30587, 2 November 1964, Page 13
Word Count
177Two-Up Penny Reserves Press, Volume CIII, Issue 30587, 2 November 1964, Page 13
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