N.G.’S New Coinage
p. 38 · Read in the full issue
From Our Own Correspondent RABAUL, April 4. ■jVTEW sixpences for issue as the Terri- J- ’ tory’s own coinage, recently arrived at the Treasury, Rabaul, by the Neptuna.
Three-penny pieces will be sent up from Australia and distributed at a later date.
These new coins have proved to be very disappointing. They appear cheap and shoddy, and are reminiscent of fruit machine chips.
The first consignment of £75,000 worth of shillings reached New Guinea last Oc tober. At the end of the year £39,400 worth had been issued. Though the coins present an entirely new appearance to the natives, by reason of the hole in the cen tre, there seems to have been no difficulty at all in their acceptance of them.
Mr. Peter Pianta, who formerly owned and operated a gold claim on Merri Creek, New Guinea, returned to Salamaua by the April Macdhui after furlough in Aus tralia.
Mr. J. W. Hinks, a well-known mining engineer of Tiveri Gold Dredging Co. Ltd., sailed from Sydney for Papua by the Macdhui on April 16.