The Introduction of The Pound
The Cape of Good Hope was a Dutch Colony administered by the Dutch East India Company between 1652 and 1795. In that year it was seized by British forces, returned to the Dutch under the Treaty of Amiens, seized again in 1806 and seceded to Britain under the Anglo-Dutch Treaty of 1814. After the 1806 seizure, the military administrator issued a proclamation prohibiting the export of coinage and fixing the relationship of the various coins in the colony. The relative values were:
| Proclamation by his Excellency Major General Sir David Baird | |||
| Skillings | Stuivers | Sterling | |
| A Guinea | 44 | 264 | £1.2.0 |
| 1 Doubloon, 16 Spanish Dollars | 160 | 960 | 4.0.0 |
| A Johanna, 8 Spanish Dollars | 80 | 480 | 2.0.0 |
| A Venetian Sequin | 19 | 114 | 0.9.6 |
| A Ducat | 19 | 114 | 0.9.6 |
| Gold Mohur, 15 Rupees | 1.17.6 | ||
| A Pagoda | 16 | 96 | 0.8.0 |
| A Spanish Dollar | 10 | 60 | 0.5.0 |
| A Rupee | 5 | 60 | 0.5.0 |
| English Shilling | 2 | 12 | 0.1.0 |
| Copper Coin | 2 | 0.0.2 | |
During the succeeding years, British coins were introduced, but paper Rixdaalers which were nominally worth four English shillings continued to circulate until 1 January 1826 when British currency became the sole legal tender in the Cape Colony and paper Rixdaalers were redeemed at 1s 6½d each.
Read more about this topic: Coins Of The South African Pound
Famous quotes containing the words introduction and/or pound:
“Such is oftenest the young man’s introduction to the forest, and the most original part of himself. He goes thither at first as a hunter and fisher, until at last, if he has the seeds of a better life in him, he distinguishes his proper objects, as a poet or naturalist it may be, and leaves the gun and fish-pole behind. The mass of men are still and always young in this respect.”
—Henry David Thoreau (1817–1862)
“Yet the companions of the Muses
will keep their collective nose in my books
And weary with historical data, they will turn to my dance tune.”
—Ezra Pound (1885–1972)