AUSTRALIAN BANK NOTES.

Hawera Star, Volume XLIX, 15 August 1929, Page 8

AUSTRALIAN BANK NOTES.

LIFE OF MONTHS ONLY. MII/LIONS BURNED MONTHLY Tlio fact thiat during the financial, year just closed Australia flung pitilessly info the fire for destruction no fewer than 46,000,000 notes, mostly of denominations of 10s and £l, is. the best indication that there are far fewer soiled notes in circulation nowadays tibian formerly was th© case.

Another interesting fact is that the alverage age of a. 10s note in Australia is only five months, and. that of a .£ I note only seven months. The notes- are then, called in and consigned to the flames at the rate of nearly a million a weelk right through the year.

If these- notes could only speak what a story they doulld tell of "thei r tossing about on the passionate, tragic, swirling waters of life—ten shilling and pound notes that have known a brief life only of unsullied and incorruptible in n cfcten'oe; others that have been besmirched 1 .ain'df Ibesrpotted by all the taint of a wicked world !

Australia is [printing new notes .more rapidly than, it i« destroying them in order to preserve a clcam circulation. Where, for exa.mijde. -I6.<X)0,000 are tossed: into the fire in the year. 48,000.000 'brand-new notes arre pn.t into circulation.