New Brunswick pound
| New Brunswick pound (Canadian English) | |
|---|---|
| Unit | |
| Plural | pounds |
| Symbol | £ |
| Denominations | |
| Subunit | |
| 1⁄20 | shilling |
| 1⁄240 | penny |
| 1⁄480 | sou |
| Plural | |
| shilling | shillings |
| penny | pence |
| sou | sous |
| Symbol | |
| shilling | s or /– |
| penny | d |
| Demographics | |
| Date of introduction | 1841 |
| Date of withdrawal | 1860 |
| Replaced by | New Brunswick dollar |
| User(s) |  New Brunswick |
| Valuation | |
| Value | £1 = $4 |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The pound was the currency of New Brunswick until 1860. It was divided into 20 shillings, each of 12 pence, with the dollar (initially the Spanish dollar) circulating at a value of 5/– (the Halifax rating).
History
[edit]In 1852, New Brunswick adopted the same standard for its pound as the Province of Canada was using,[1] with £1 stg. = £1.4s.4d local currency (see Canadian pound). The pound was replaced by the dollar in 1860, at a rate of 1 dollar = 5 shillings.
Coins
[edit]In addition to sterling coin and Spanish dollars, copper tokens were issued in 1834 and 1854 in denominations of 1⁄2d and 1d.
Banknotes
[edit]Five chartered banks issued notes, the Bank of Fredericton (1837-1838), the Bank of New Brunswick (1820-1860), the Central Bank of New Brunswick (1847-1860), the Charlotte County Bank (1852-1859) and the Commercial Bank of New Brunswick (1837-1860). Denominations issued were 5/–, 7/– and 10/–, £1, £2, £3, £5, £10 and £25. Some of the Bank of New Brunswick and Central Bank of New Brunswick's notes also bore the denomination in dollars.
See also
[edit]References
[edit]- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2007-11-28. Retrieved 2007-11-24.
{{cite web}}: CS1 maint: archived copy as title (link) A History of the Canadian Dollar
- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- Pick, Albert (1990). Standard Catalog of World Paper Money: Specialized Issues. Colin R. Bruce II and Neil Shafer (editors) (6th ed.). Krause Publications. ISBN 0-87341-149-8.