DECIMAL COINAGE SCHEME.

Gisborne Times, Volume XLVII, Issue 4275, 26 June 1916, Page 6

DECIMAL COINAGE SCHEME.

PLANS IN BRITAIN

Plans for a scheme of decimal coinage adopted to the present currency in Great Britain have just been drawn up by the Decimal Association. The committee propose to make the florin, which is a tenth part of a sovereign, tho unit coin. The florin is a satisfactory unit in that its adoption would cause little change in the gold and silver coinage of England. There are at present 96 farthings in a florin, and under the new system there would be 100 cents.

The new coins, necessary would bo made of nickel or bronzo, there being 10 and 5 cent nickel pieces of the approximate value of 2-Jd and l-jd respectively, and 4 cent pieces corresponding to the present money, 2 and 1 cent pieces of bronze. Tho sovereign and half-sovereign would bo retained as 10-florin and 5-florin pieces. The florin would be the unit or 100-cent piece, the shilling tho \- florin. and the sixpence tho J-florin. Such a system of currency, tho Decimal Association argue, would not disturb our present coinage and would be in accordance with the standard adopted in most European countries, as well as in America and Canada.