Australia
The British colony founded at Sydney Cove in 1788 had almost no coin. Accounts were kept in pounds, shillings and pence sterling, but what changed hands was a jumble of British silver, Spanish and Portuguese coin carried in by whalers, Indian rupees, settlers’ promissory notes, and receipts issued by the government Commissariat against its stores. Governor Macquarie’s remedy in 1813 was to buy forty thousand Spanish dollars and punch the centre out of each, creating the holey dollar rated at five shillings and the dump at one shilling and threepence, so that the coin could not profitably be carried away again; colonial money consequently stood at a discount to sterling for years. The paper record is far richer than the coinage. Every governor’s despatch to London, with its salary lists, estimates and building accounts, was copied and kept, and the whole run was published from 1914 as the Historical Records of Australia and is now fully digitised, so the colony’s architects, surveyors and draughtsmen can be priced almost to the day.
Gold weight and purity converter →Making a film here? The Canada–Australia corridor covers the treaty, the incentives, and where to start.