| EVENTS AT THE TIME UNION COINAGE WAS IN USE
EXTRACT FROM THE 1958 ELECTRICITY SUPPLY COMMISSION'S ANNUAL REPORT FROM ESCOM
As required by section 19 of the Electricity Act, No 40 of 1958, the Commission has the honour to present its thirty-sixth Annual Report and the Accounts covering work during the financial year end at the 31st December, 1958.
The statistics relating to the supply of electricity by Escom in 1958 show that a steady expansion of mining, industrial, municipal and rural enterprises was maintained at about the same rates as in the previous year. There were increases in sales of electricity to all classes of consumers, amounting in the aggregate to an annual increase of 6.6 percent, compared with the annual increase of 6.2 per cent in 1957. Additional plant which was erected and brought into commercial service in Escom's power stations during the year provided an increase in generating capacity.
British Coin System
Up to 1960, South Africa used the British system of 12 pennies to a shilling and 20 shillings to a pound (240 pennies to the pound). This coinage system dominated South Africa for more than a century as Lord Charles Somerset issued an ordinance as far back as 6 June 1825 declaring British Sterling as legal tender at the Cape (Arndt, 1928). This was part of a process to introduce a uniform monetary system for the British Colonies at the time. A shortage of coins nevertheless delayed this process for several years, but after 1848, only coins of the Sterling series were accepted. These coins became firmly entrenched throughout the whole of South Africa and even the Kruger coins, minted in the Transvaal Republic during 1892 to 1900, conformed to the British system (Engelbrecht, 1987).Source: Francois Malan
THIS 9 COIN SET AT THESE GRADES
ARE HIGHLY VALUED BY COLLECTORS
OUR CHOICE NUMISMATIC OFFER IS
R 7 000 INCLUSIVE
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