BANKS KEY TO CHANGE

Press, Volume CVII, Issue 31412, 4 July 1967, Page 18

BANKS KEY TO CHANGE

On the morning of next Monday, D.C. Day, New Zealand commerce will be ready for the biggest switch in its history. And the change to dollars and cents will affect everyone in the community.

All banks will be converted and waiting. They are a key to the change-over, so their machines are being converted first From D.C. Day, you will be able to do business with banks only in dollars and cents. This will be true also of most Government departments, post offices, the Railways, most passenger transport firms and quite a few private businesses. They have made special arrangements for their own to be ready. Many other firms, however, will still have cash registers working in £ s d—until it is their turn to have these converted. These firms will continue using £ s d as long as their cash registers wait to be converted. So, until the “transitional period” (as It is called officially) is over, there will be a mixture of £ s d and dollarcent shopping, with £ s d diminishing from D.C. Day. This is not a problem: Decimal (tens) currency is

largely a tidying up of existing money. All bank notes can be used as either £ s d or dollars and cents. This is true of all coins from sixpence upwards. From D.C. Day, all yon have to do is carry on using whatever money you have in your pocket or purse until you develop confidence with dollars and cents—and until £ s d money counting is finally phased out. It's as simple as that.