BRITISH COINAGE IN IRELAND

Dominion, Volume 22, Issue 133, 1 March 1929, Page 11

BRITISH COINAGE IN IRELAND

AGREEMENT CONCLUDED (British Official Wireless. I Rugby, February 27. Mr. Winston Churchill stated that he had made arrangements to take back British silver coins in the Irish Free State at face value up to a total of three-quarters of a million sterling. (Australian Press Assn.—United Service.) (Rec. February 28, 7.30 p.m.) London, February 27. Mr. Churchill has revealed that the Free State in the first place demanded that Britain take over at face value the British silver coinage estimated at a million and a half to three millions sterling. He naturally demurred, owing to the cost to the British taxpayer. The Free State pointed out that Britain had assisted South Africa and Australia by repatriating the coinage at face value. After negotiations a compromise was reached, under which Britain should accept silver coin from Ireland to the extent of three-quarters of a million sterling spread over ten years. This is estimated to cost the Exchequer half a million.