Australian Silver Subject To Exchange
p. 10 · Read in the full issue
Exchange in Samoa.
From Our Oun Correspondent.
Apia, Oct. 2.
AS in Tonga, considerable difficulties have arisen in Samoa over the large amount of Australian silver coins in circulation, and a few weeks, ago the local branch of the Bank of New Zealand and the various Govern ment departments suddenly declared that Australian silver would be subject to exchange.
Following the strong representations made by the Chamber of Commerce, however, the Bank, as well as the Ad ministration, agreed to grant an ex tension of time up to October 15, to prevent a serious disruption of trading conditions.
After that date, exchange will be charged at the rate of £11/12/- per cent, on all Australian silver received.