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Thursday, 12 October 1972
Page: 1496


Senator TOWNLEY (TASMANIA) - I wish to ask a question of the Minister representing the Treasure!. Is the Minister aware that in many countries a great number of people save coins - I do not mean 10c and 20c pieces; I mean larger coins - and that the people who do save newly minted coins outlay a great deal of money for coins that are immediately removed from circulation? Is he aware that in Canada a one dollar piece is struck each year but that on special occasions a silver dollar is minted and sold at a premium? Has the Government considered this possibility and thought of how popular its coins could become and how they could be used at places like the Hobart Casino?


The PRESIDENT - Order! Ask your question and do not give information, Senator Townley.


Senator TOWNLEY - I thought that we could have a special coin each election year with the effigy of the successful Prime Minister on the back?


Senator Sir KENNETH ANDERSON I must confess , I suppose it is because of my Scottish ancestry , that I was not aware of all the circumstances of the preservation of coins that the honourable senator has brought out in his question. I would like to get some background information on this matter. Therefore I will refer the honourable senators question to the attention of the Treasurer. If an effigy of the successful Prime Minister were to be put on such a coin the present Prime Minister would be on it for many years to come.







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