Disappear

Old Notes Worth £6,000

THE notes in circulation in the Colony of Fiji (which has its own currency) total in face value something over £3,350,000. It looks as if the Treasury, in this connection, is going to get a windfall of about £6,000.

The Colony made a new note issue in 1934, and officially recalled all the old notes then in circulation. Gradually, over the years, most of the old notes have appeared in official channels, and have been replaced with new notes. But at the end of 1949 old notes of the face value of £6,711/15/0 were still unaccounted for, and it was reported that, during the pre vious five years, old-issue notes of the value of only £l4O appeared, it seems prob able that notes of the face value of at last £6,000 have been lost or destroyed.

The Treasury, of course, will benefit.

This is characteristic of all note issues.

A certain proportion invariably dis appears entirely —and the issuing authority gains accordingly.