£.S.D. AND $.C CONVERSION CHART

Press, Volume CVI, Issue 31362, 6 May 1967, Page 16

£.S.D. AND $.C CONVERSION CHART

here, not the actual currency change itself and nominal values. As for the concealing of the facts, this could well be a matter of misunderstanding of the role of the conversion tables, and overlooking the fact that 10s has been taken as the basic unit. The Decimal Currency Board makes it quite clear that the conversion table is not an official direc-

£.sxt TO DOLLARS AND NEAREST WHOLE CENTS

tion on price or rate conversion, but is a guide to assist, as part of the Government and Decimal Currency Board functions in the change. The board says the table has already been applied to the consumers’ price index by the Government statistician, who reported there was no effect on the index. Incidentally, the board has already issued other tables, as

well as the universal table, for specialised conversion. These tables cover id and id conversions to whole and fractional cent rates, and to two or three decimal, places of a cent. There are also tables for “rounding off, rounding up or rounding down.” All may be obtained on application to the secretary of the Decimal Currency Board.

tMliiam;™ ■SMEEZiS 1 1 r10 10-1-00 2 2 220 IT-1-10 I 330 12-1-20 r.; . . * <'1 X&S ■ 440 11-1-30 ■ . 5'50 14-1-40 060 15-1-50 ■ 870 80 17-1-60 1-70 , , - < v' ’ '-'%S • W- s.<y 990 18-1-80 10 8 10100 19-1-90 11 9 Remember! A Penny and a £1--2-00 12 10 Centare NOT equal