"ODORIFEROUS PAPER"
.BESTORATION OF GOLD CUREENCY. 1
Odoriferous bits of almost undecipherable paper" was the description given by the Hon. Sir Thomas Mackenzie to, the existing paper currency, in asking in the Legislative Council this morning whether the Government could see its way to afford within the present financial year the issue of gold coins of the .realm. ' ' . ■ ■ .
The Leader of the Council (the Hon Sir Francis Bell) pointed out that bank notes were from time to time declared legal tender by Proclamation under the Banking Act, 1914. The Act of 1917 provided that the legal tender should bo extended to a date not earlier than five years after the termination of tho war, and in accordance therewith a proclamation was issued on 20th December last year fixing the. &jte at ,10th January,' 1925. That was done by agreement wjth the. banks, and the question of further extension would be considered next year. It would be impossible at the present time to revert , td. convertibility. '
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https://paperspast.natlib.govt.nz/newspapers/EP19230825.2.83
Bibliographic details
Evening Post, Volume CVI, Issue 48, 25 August 1923, Page 8
Word Count
165"ODORIFEROUS PAPER" Evening Post, Volume CVI, Issue 48, 25 August 1923, Page 8
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