Ever since English colonial settlement in 1788, Australia has had a colourful history of currency. A shortage of money in the early years of the colony led to the development of a barter system. Rice, flour, timber, and even labour were traded, until, in a unique Australian way, we based our economy on liquor, particularly […]
Monthly Archives: April 2010
Our story begins shortly after British convict settlement in the Colony of New South Wales in 1788. A major problem in the Colony was the on-going scarcity of coinage, partly because the need was underestimated when the First Fleet set sail, and partly because visiting traders, having been paid, sailed away with it! At the […]
Signatures – (Part 2) – by Richard E Fahy Herbert Coombs- Circa 1949-1968. Covered in Part One – pre decimal banknotes. Ronald Wilson- Circa 951-1966. Covered in Part One – pre decimal banknotes. Richard J. Randall. Circa 1966-1971. Appointed as Secretary to the Treasury in October 1966 until October 1971. Mr Randall was co -signatory […]
13 April 2010 Signatures – (Part 1)- by Richard E Fahy Pre Decimal Banknotes. Circa 1913-1966 George Thomas Allen. Circa 1901-1916 Was the first Secretary to the Treasury after Australian Federation in 1901. Although he retired in 1916, his signature continued to appear on Australian banknotes until 1918. Charles Cerutty. Circa 1918-1923 When J Collins […]