Coinage
p. 16 · Read in the full issue
Silver For New T.N.G.
From Our Own Correspondent.
WAU, August 7.
A sum of £34,000 was appropriated in the estimates of expenditure for 1934-35 for purchase of silver and other metals and costs for the new coinage system for the Territory. The new coins wall be 1/-, 6d-, 3d. and Id. denomina tions.
Some 240,000 ounces of silver were purchased recently at 2/1 per ounce.
Later prices of 2/10 and 3/- per ounce show that the purchase was fortunate, saving over ninepence an ounce.