THE COPPER-TOKEN NUISANCE.
To the Editor of the Daily Southern Cross. Sib, — Attention has been called in the columns of a contemporary to the larg* quantity of almost valueless tokens now in circulation as copper coin in Auckland. The banks, I believe, will not take them, and the Postoffice notify the public to the same effect. A heavy discount, therefore, has to be paid by any holder of a considerable quantity, if he would convert them into bona fide coin of the realm. During the late session of Parliament in Sydney, the sum of £4,000 was voted in, order to obtain from England a number of copper coins to place in circulation in the colony. Instructions were ient that the coin should have on one side emblems characteristic of Australia, but , the authorities of the London mint returned an answer that such a thing could not be allowed, but they had no objection to forward to the colony Imperial copper coins for the amount transmitted; a measure which the Sydney Government will take care to have carried out. The attention of the Tasmanian authorities has also been directed to this question, and it is to be hoped that New Zealand will imitate the example of the sister colonies in the matter before long,— Tours obediently, A.B.C.
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Bibliographic details
Daily Southern Cross, Volume XXIII, Issue 3208, 28 October 1867, Page 4
Word Count
216THE COPPER-TOKEN NUISANCE. Daily Southern Cross, Volume XXIII, Issue 3208, 28 October 1867, Page 4
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