HISTORICAL EVENTS AT THE TIME UNION COINAGE WAS IN USE
The South African Act - Amendment Act. Act No 3 of 1959 To amend the South African Act of 1909.
Be it enacted by the Queen's Most Excellent Majesty, the Senate and the House of Assembly of the Union of South Africa as follows:-
1. Section fifty-two of the South African Act,1909, is hereby amended by the insertion of this proviso thereto after the word "Parliament" of the words "and every member of the House of Parliament holding office as a deputy to any Minister of State".
Act 4 of 1959 To apply a sum not exceeding one hundred and thirteen million pounds towards the service of the Union for the financial year ending on the thirty-first day of March 1960.
Be it enacted by the Queen's Most Excellent Majesty, the Senate and the House of Assembly of the Union of South Africa as follows:-
1. One and after the first day of April,1959, there may be issued out of the Exchequer Account such sums of money not exceeding in the aggregate the sum of eighty million pounds for Bantu Education and thirty million pounds for loan services as may from time to time be required for the service of the Union for the financial year ending on the 31st day of March, 1960, until such time as provision is made therefor by Parliament in an Appropriation Act.
2. All sums issued under the provisions of this Act shall be deemed to be advances on account of grants to be made by Parliament in an Appropriation Act for the financial year ending on the thirty-first day of March, 1960, and upon the commencement of such Appropriation Act, this Act shall be deemed to be issued under the Appropriation Act, and shall be accounted for in accordance with the provisions thereof.
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
THIS SET IS NOT OFTEN FOUND IN THE MARKETPLACE
OUR CHOICE NUMISMATIC OFFER IS
R 9 500 INCLUSIVE
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