• Short Summary

    THE BRITISH GOVERNMENT ANNOUNCED IN A WHITE PAPER TO PARLIAMENT YESTERDAY (MONDAY) THE INTRODUCTION IN FOUR YEAR'S TIME OF A DECIMAL CURRENCY IN BRITAIN.

  • Description

    THE BRITISH GOVERNMENT ANNOUNCED IN A WHITE PAPER TO PARLIAMENT YESTERDAY (MONDAY) THE INTRODUCTION IN FOUR YEAR'S TIME OF A DECIMAL CURRENCY IN BRITAIN.

    CONVERTING BUSINESS MACHINES AND CASH REGISTERS IS EXPECTED TO COST ABOUT GBP80 MILLION -- WHETHER CALCULATED ON THE CENTURIES-OLD SYSTEM OF POUNDS, SHILLINGS, AND PENCE, OR ON THE DECIMAL ONE.

    THE BIGGEST FIRM IN THE BUSINESS MACHINE FIELD IN BRITAIN IS ALREADY TURNING OUT MACHINES WHICH MAKE CALCULATIONS IN TODAY'S COIN BUT WHICH CAN BE CONVERTED TO DECIMALS IN A FEW MINUTES.

    THE CHANCELLOR OF THE EXCHEQUER, MR. JAMES CALLAGHAN, ANNOUNCING THE DECIMAL SYSTEM BASED ON THE POUND SAID BRITAIN WOULD BE GETTING A SYSTEM TO "LAST THOUSAND YEARS".

    THE CONVERSION IS BASED ON THE HALSBURY COMMITTEE RECOMMENDATIONS. THIS IS WHAT MR. CALLAGHAN SAID OF THEM:
    THE CONVERSION FOR THE ROYAL MINT WILL BE A MAMMOTH TASK. HER MAJESTY'S COINMAKERS WILL HAVE TO TURN OUT SOME 9,000 MILLION NEW COINS. THEY WILL START WHEN DESIGNS ARE DECIDED ON, PROBABLY EARLY NEXT YEAR. FOR TRADITIONALISTS, 1971 WILL MARK THE END OF AN ERA, FOR THEN THE HALF-CROWN, FLORIN AND SIXPENCE WILL DISAPPEAR.

  • Tags

  • Data

    Film ID:
    VLVA2PIMHFY2FDIZCEMIDSGWL9RWN
    Media URN:
    VLVA2PIMHFY2FDIZCEMIDSGWL9RWN
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    13/12/1966
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:25:00
    Time in/Out:
    /
    Canister:
    N/A

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