New Banknotes

Inangahua Times, 17 January 1933, Page 3

New Banknotes

Australian Precautions Against Forgery It will be many months before the new design of the Commonwealth Bank note will be printed and on issue to the public. An authority at the Note Issue Branch said to-day that consideration would be given to a proposal that cancelled copies of the new note should be issued to the managers of all branches of all banks, so that they would be in a position to

defect any forgery that might be attempted concurrently with the new design issue. In the meantime more notes of the existing design are being printed and put into circulation to replace notes that have been cancelled because they were worn or dirty. In 1932 m re than worth of notes wete cancelled for those reasons. “ Not Like Real Money n About 50 girls, enclosed at a table surrounded by a wire grille, were employed in a room at the Common-w-a'th Bank recently, cou lting . hundreds of thousands of c n :ell d notes and new ones to replace them The old notes are cancelled by stamp 1 and perforation. m j The gills who were engrossed in he counting regarded the process as . very prosaic. They got little thrill or interest out of handling even the new notes in hundreds and thousands s They were not at liberty to spend it and therefore did not regard it as , ' real money