Yellow $5 Note?

Press, Volume CVI, Issue 31101, 2 July 1966, Page 1

Yellow $5 Note?

(N.Z. Press Association) WELLINGTON, July 1. Bright yellow might he the colour of the five-dollar bill in New Zealand’s decimal currency, the chief accountant of the National Bank (Mr E. J. Walker) said at a decimal news seminar today. Mr Walker said colours had been chosen for all the new notes except of the five dellai’s. The Reserve Bank was at present trying to select the most suitable colour and indications were that yellow was under dose consideration. The other decimal notes will be the same colours as their counterparts in the present currency. One dollar brown, two dollars purple, 10 dollars blue, 20 dollars green, and 100 dollars red. Journalists asked the ,Under-Secretary of Finance (Mr Muldoon) if the decimal note designs could be published without their sizes or denominations. If the denominations were not shown the possibility of the designs being used for counterfeiting would not exist, cne journalist said. The Reserve Bank has said that one of its main reasons for not showing the public the designs is the possibility of counterfeiting.

Mr Muldoon said the coTour and sizes of the notes had already been published. The Reserve Bank had complete responsibility for the operations of the bank, and it also had complete control over its notes and securities. The Government could only ask the governor of the bank if he would release them. The suggestion of publishing them without denominations was interesting, he said.

'I “There may be some practical reason why this couldn’t be done, but it is worth passing on to the Reserve Bank.” The president of the Newspaper Proprietors’ Association (Mr H. N. Blundell) said the discussion over coinage had created interest in the changeover. “I think some way should be found to show the public what the new notes are like,” he said.