If all the silver coins in circulation in New Zealand, weighing about 781 tons, were collected, they would fill the hold of a fair-sized ship, stated a southern banker. To shift it in one operation the services of nearly 200 four-ton motor trucks would have to be requisitioned. There are also in circulation 723 tons of pennies and 300 tons of halfpennies. It is estimated that at least one-third of this huge tonnage of money is being carried around daily in the pockets and purses of the people A bamt official said that the issue .of new silver wtis principally to replace that withdrawn from circulation because it is worn. Every now and then the banks put quantities of old and worn coins on the scales, and if the weight had dropped appreciably the coin was scrapped. The issue of
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Hawke's Bay Tribune, Volume XXII, Issue 153, 14 June 1932, Page 7
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140Untitled Hawke's Bay Tribune, Volume XXII, Issue 153, 14 June 1932, Page 7
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