SMALL NOTES UNDESIRABLE.

Colonist, Volume LXII, Issue 15308, 23 February 1920, Page 5

SMALL NOTES UNDESIRABLE.

(Australian and N.Z. Cable Association^

(Received Feb. 22, 5.5 p.m.)

London, Feb. 18

The House of Commons read the second time the Bill reducing the fineness of. silver coinage. Mr Chamberlain explained the reason for the enhanced price of silver, which ■"TiiS .°-Rd in 191 •'i- and is vow over 88d. He sf.id it would probably be a long time before there Avas a ret\trn to the ■**re-war level. M>r Chamberlain reipcted a prop^sol to abolish threepenny pieces, f<»r which there was a great de-in-md. The Treasury has smaller notes, which $u'f> nnrlr><?irable, but must be is«-«-ued if the Bill now before the House is not passed.

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