TO THE PORT...

Press, Volume CVII, Issue 31407, 28 June 1967, Page 1

TO THE PORT...

From this morning, there are only 12 more days to prepare for the change to decimal currency on Monday, July 10. There are only eight more shopping days and six more banking days. Banks will close for business at the normal time on Wednesday, July 5, and will remain closed on July 6 and 7. They will reopen, dealing in dollars and cents, on Monday, July 10. * $ $ There will be a decimal currency telephone inquiry service in Christchurch from July 3 to July 14. The telephone number is 69-154. The Post Office will also set up an information booth in the lobby of the main post office, and there will be an over-the-counter information service at the district Treasury office. $ SjS : i : Although " all cheques should be written in dollars and cents on and from D. C. Day, some will still be received at banks showing £ s d amounts. They will still need to be deposited as $ c lodgements. The amounts should be converted to $ c using the universal conversion table for pence to cents. The $ c amount should be

written on the cheque preferably just below the £ s d figure, and in a different coloured ink. * * # No-one need have any worries over adding, subtracting or multiplying amounts of money in dollars and cents. In fact, it will be much easier than working in £ s d, and this is the basic reason for the change. In adding dollars and cents, all decimal points, including the one in the answer, should be listed directly below one another. Simply place the units under the units, tens under tens and hundreds under hundreds. Avoid errors by putting down the decimal point in the answer space before adding the amounts. # # $ Multiplication of dollar and cent amounts is easy, too. You follow the usual practice for multiplying, ignoring meanwhile that decimals are involved. You then count the number of figures to the right of the decimal point in the sum being multiplied. Finally, in the answer, count off the same number of places from the right, and

insert the decimal point. For example, 55 articles at $1.23 each becomes, from the working answer of 6765, $67.65. If two decimal amounts are being multiplied, the answer is determined by counting how many figures there are altogether to the right of the decimal point in both amounts.