New Brunswick pound

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

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

In addition to sterling coin and Spanish dollars, copper tokens were issued in 1834 and 1854 in denominations of 1⁄2d and 1d.

Banknotes

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

• New Brunswick dollar

References

1. "Archived copy" (PDF). Archived from the original (PDF) on 2007-11-28. Retrieved 2007-11-24. 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.