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Re: [St.H.Fam.Hist.] Currency

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  • Ally Morgan
    As a very proud Aussie, Ted, I think Caroline was talking about Oz, not Canada. I remember being in Zimbabwe a few years back and being offered a huge pile
    Message 1 of 7 , Sep 14, 2010
      As a very proud Aussie, Ted, I think Caroline was talking about Oz, not Canada.   I remember being in Zimbabwe a few years back and being offered a huge pile of Zim in exchange for a much smaller bundle of Zam. Oh dear, what a mess we've made of the world!
      ----- Original Message -----
      From: Ted Swart
      Sent: Monday, September 13, 2010 1:30 PM
      Subject: Re: [St.H.Fam.Hist.] Currency


      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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