COIN SHORTAGE
SILVER AND COPPER 5/- NOTE ISSUE POSSIBLE AUSTRALIAN CURRENCY (Reed. Nov. 25. 10 a.m.) CANBERRA, i\ov. 25. Because of the shortage of silver for coinage, the Federal Government may be asked to authorise the issue of 5s notes. If a shortage of pennies and halfpennies over Christmas is to be avoided, a substitute for copper may have to be used. Copper is becoming harder to procure for coins because of the demands of war industries. Some limitation on the right of cashing war savings certificates may be forced on the Government because of the proportion of certificates being converted. The cashing of certificates may be prohibited until after they have been held for a specified time. Treasury officials are concerned at the scale on which holders are converting in some States, 25 per cent of the total number of certificates sold having been cashed. Officials fear further heavy conversions over Christmas.
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Bibliographic details
Gisborne Herald, Volume LXVIII, Issue 20622, 25 November 1941, Page 5
Word Count
153COIN SHORTAGE Gisborne Herald, Volume LXVIII, Issue 20622, 25 November 1941, Page 5
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