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Thursday, 10 March 1966

Mr COPE (WATSON, NEW SOUTH WALES) - In addressing a question to the Treasurer I direct the honorable gentleman's attention to the position of the serial numbers on the new currency notes. They are placed in the corners of the notes. The honorable gentleman will be aware that corners of currency notes are often torn off while the notes are in circulation. This did not matter with the previous note issue because the serial numbers were printed near the centre of the notes.

I ask the honorable gentleman: What is the position if the whole or part of a serial number is missing from a new currency note? Can a claim for the full amount of legal tender be made? I spoke to a bank teller on this matter. He told me that he had not been advised as to what he should do in such a case but in the meantime he would refuse payment of the full value of a note if portion of a serial number were missing.

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