1253Re: [St.H.Fam.Hist.] Currency
- Sep 14, 2010Hi Ted
Wouldn't it be so much easier if there was just one currency world
wide... with only one place where notes could be printed... but if we
didn't have to convert from one coinage to another our skills in
arithmetic would go downhill!
Ted Swart wrote:
> What a fascinating question Caroline. As far as my own personal family
> history is concerned I happen to have a great great grandfather Richard
> Riley who got married on Tristan da Cunha to a Sarah Bassett Knipe from
> St Helena -- with their children being born on Tristan. And coming
> closer to home my wife and I got married in Rhodesia (now Zimbabwe)
> which is in a total mess because of a reprehensible dictator Mugabe and
> his cronies who have completely mismanaged the country (and committed
> many heinous crimes) and all four of our children were born there
> (before emigrating to Canada).
> And now you write about New South Wales (in Canada!) and its odd
> mishmash of currencies in its early days which eventually got replaced
> by the £ sterling. One of the striking examples of mismanagement of
> Zimbabwe was the endless printing of evermore valueless bank notes by
> Governor Gono of the Reserve Bank. I even have in my possession a fifty
> trillion dollar (YES trillion) Zimbabwean note which was worth no more
> than toilet paper soon after it was printed. Zimbabwe is now in
> marginally better shape because the so-called Government of National
> Unity (or GNU -- with apologies to the animal of that name) decided --
> very sensibly -- to do the reverse of what happened in NSW.They have now
> abandoned the use of Zim dollars and use instead a mishmash of
> currencies -- American dollars, British pounds, South African rand &
> Botswana pula and are in somewhat better financial shape (helped to a
> significant extent by the discovery of huge diamond deposits).
> I could not help but notice the odd anti-link with NSW.
> Perhaps I may be forgiven for saying that -- knowing what happened in
> Zimbabwe -- I am truly alarmed at the way in which the US is currently
> printing mounds of money as if it is going out of fashion.
> Forgive me for going off at a tangent -- particularly since I do not
> have anything to contribute to the currency story with respect to St
> Best wishes to all of you,
> . . Ted Swart . .
> On Mon, 2010-09-13 at 10:02 +1000, Caroline Gaden wrote:
> > Hello Everyone
> > I've been researching the monetary system in New South Wales from the
> > arrival of the First Fleet and now have a better understanding of the
> > mish-mash of various currencies in use eg Spanish dollars [minted in
> > Mexico], rupee, mohur, pagoda, ducat, Johanna, promisary notes etc.
> > In 1825 the British Government decreed that all 'colonies' should use
> > the £ sterling as their basis but it took quite a while for this to
> > take
> > effect and the non-Sterling coins to disappear [about ten years in
> > NSW].
> > My questions relate to the East India Company in particular....the
> > ships
> > used St Helena as a 're-fueling' point on the way to India and also
> > home
> > again. Did St Helena have a similar variety of currency in use
> > pre-1825?
> > Was Sterling is use from the earliest days of the EIC or would a
> > local
> > currency have been acceptable to local traders?
> > Many thanks
> > Caroline
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