Decimal Auction
"The Press" Special Service HAMILTON, Aug. 28.
“A dollar and a dollar-five and five, at five. Now I’ve got ten,” went the auctioneer’s patter at Turners and Fows, Ltd., -in Hamilton last week. What is thought to have been the country’s first auction using decimal currency was in progress. It was a trial run for both auctioneer and buyers for when New Zealand adopts decimal currency nert July. The dollars and cents bid by fruit and produce buyers was converted to pounds, shillings and pence on the invoices. The auctioneer, Mr J. M. Forsyth, assistant manager of Turners and Fows, found the patter no harder to produce than when he deals in current currency. Mental faculties were tested more than usual, however, and mushrooms almost sold for less than they should have. The bid in cents was incorrectly translated to shillings and pence but this was soon rectified.
Mr Forsyth will tell a refresher course for auctioneers in Wellington this week about his experience with the trial run. Other auction firms are expected to hold similar trial auctions.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19660829.2.137
Bibliographic details
Press, Volume CVI, Issue 31150, 29 August 1966, Page 12
Word Count
180Decimal Auction Press, Volume CVI, Issue 31150, 29 August 1966, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in