SILVER FOR COINAGE
SHORTAGE IN AUSTRALIA (Rec. 11.30 p.m.) CANBERRA, Nov. 24. Because of a shortage of silver for coinage the Federal Government may be asked to authorise the issue of fiveshilling 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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Otago Daily Times, Issue 24773, 25 November 1941, Page 8
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146SILVER FOR COINAGE Otago Daily Times, Issue 24773, 25 November 1941, Page 8
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