The colony had already been running for 20 years without any currency. Convicts did not have money, and the soldiers supervising them were paid in promissory notes. But having had to pay 200 barrels of rum to purchase his own house, Macquarie felt it was time for a more practical approach....
A few countries only use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U.S. coins that can be used as payment in U.S. dollars, such as the Susan B. Anthony dollar. After Nixon shock of 1971, USD became fiat currency. ...
Current macroeconomic volatility has forced many companies and start-ups that had planned IPOs to postpone and look at alternatives like issuing convertible notes (short term debt instruments which customarily convert into ordinary equity). However, this has been complicated by ratchet provisions des...
The first question we are always asked by anyone when they’ve found out that we have purchased a large group of banknotes is “Are there any star notes?” Australian pre-decimal star notes, or star replacement notes were printed with their own serial prefixes separate from normal notes. A ...
The discussion paper notes that the draft standard implements one of the recommendations of the Royal Commission, requiring valuations of agricultural land taken as security to: take into account the likelihood of external events, such as drought and flood, which may impact the valuation of the lan...
notes in the hoard grade Very Fine or better, while the oldest Sheehan / McFarlane notes are low grade, being Very Good at best. Given the relatively quick rate at which paper banknotes degrade in circulation, this suggests to us that the notes were removed from circulation not long after ...
• There are also literally millions of pages of rulings, explanatory memoranda, advisory notes and so on, plus a number of self-regulatory regimes, sometimes introduced to ward off the 'threat' of government regulation. compliance issues can consume up to 25% of the time of senior ...
The chicken slices are tenderly poached with a subtle fragrance, the chicken broth gives all the right notes for adding moisture and flavour to the rice, and the chilli-ginger sauce gives just enough kick. It’s the best example I’ve seen in Sydney to date. Next comes the laksa. It’...
“The committee considers that the proposed Dairy Commodity Price Index is of limited value and its development should not be continued.” The government is in the process of assessing tenders for a $2 million project to produce the index. That’s a lot of taxpayer money and I would hate ...
It must be worth something right? It was minted 38 years ago and you almost never see them any more! Surely an old Australian 50 cent coin is worth some money? After all, some of them are more than 40 years old now! Well a lot of the time that fifty cent you don’t remember see...