AUSTRALIA'S SILVER COINAGE.
NEW ZEALAND BANKS' ACTION. AN IMPORTANT STATEMENT. There is every probability of the Banks of New Zealand refusing to accept the new Australian silver coinage. The Government will, it is understood, support the .banks in their attitude. The (irst batch of a million "kangaroo" shillings — a» the coinage is known — arrived in» Melbourne fiom London on Ist March. The Omiah in due daily from London at Melbourne with £75,000 worth of new silver. Some of the first shipment of shillings may be already in the Dominion, but the Commonwealth's new silver coinage will, it is stated, have no chance of acceptance in New Zealand. The intrinsic value of the "kangaroo" shilling is about 4Jd New Zealand will have no part in the profits, which would be enormous to the Commonwealth if thi* Dominion became the dumpingground of the Australian new nilver coinage.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19100404.2.96
Bibliographic details
Evening Post, Volume LXXIX, Issue 78, 4 April 1910, Page 8
Word Count
145AUSTRALIA'S SILVER COINAGE. Evening Post, Volume LXXIX, Issue 78, 4 April 1910, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.