When Canada introduced its one dollar coin some dozen or more years ago the Government ordered the banks to accept one dollar bills, but to pay out only one dollar coins. The result was that paper dollars vanished from circulation in a few months. The same procedure a short time later replaced two dollar paper bills with two dollar coins. The operation was expected to save money in the long run because coins last so much longer than paper monmey.
Joseph B.Reid 17 Glebe Road West Toronto M5P 1C8 TEL. 416-486-6071
