Australian History

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I'll through a quick one in , as Duck is off air., no he isn't

How much per carat is Australias rarest Gem worth ?
 
In 1824, the penal colony at Redcliffe was established by Lieutenant John Oxley. Known as the Moreton Bay Settlement
 
MUST SEE TV
Sorry to highjack the thread for a sec.
Australia. The time traveler's guide on ABC 1 Thursday.
1st episode last week about the formation of the planet and Australia.
our recently discussed friends the Shark Bay Stomatolites have a starring role.
Must see for Australian history buffs. Catch it on Iview before tomorrow's episode.

RR
 
1000 pounds
Prior to decimalisation in 1966, the largest ever Australian banknote was the 1,000 note which was first issued in 1914. It was used mostly for transactions between banks and for internal transactions within the Reserve Bank of Australia.
 
Correct RR , but what you missed is General public ,BUT from 1914 to June 1915 the 1,000 pound note was made available to the public.

The Australian 1000 note was introduced at the outbreak of the First World War in 1914 because of the the hoarding of gold. The Australian Government saw the need for some other way of settling balances between the banks, apart from the physical transfer of the precious yellow metal.

A total of 88,585 Collins/Allen Thousand Pound Notes were printed, with 52,600 believed to have been released. They were available to the public until June, 1915. At that time, Denison Miller, Governor of the Commonwealth Bank advised Secretary of the Treasury Allen that there were 'enormous risks' arising from differences in colour, size and paper quality which offered little safeguard against forgery. His words were heeded and soon the notes ceased to circulate, to be used exclusively for the banks for exchange between themselves.

A check in 1921 revealed that several hundred noted were unaccounted for. By 1931, this number had fallen to 66. Most of the notes were destroyed in 1969. None are known to be in private hands. Cancelled specimens exist in a number of museums. There are reports that in September, 1964, a 1000 note was donated to Reverend Sir Irving Benson of the Methodist Central Mission. Although unconfirmed, it is said to have been acquired by a private Melbourne collector.

Surviving examples of this note have been limited to a few cancelled specimens held in Bank, Museum and Gallery collections. This was until one of these notes, a cancelled specimen with the serial number 2A 058383 was auctioned by Noble Numismatics in their Melbourne July 1998 sale. It sold for $94,000. The note is perforated with the word "Cancelled" twice and also four larger cancellation holes. It is graded as "good Very Fine" with thinning from gum attached at an earlier time.
 

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