three british shillings are in a pound.
three british shillings are in a pound.
how many british shillings are in a pound?
three
goobbee town was located about 60 miles nw of bangalore and had a population of between 6000-7000 people. the town people traded items such as coffee, grains, betel-nut, etc., which were purchased from nuggur (bednore) and sold in the markets of bangalore and wallajanuggur (vellore). the residents were prosperous from this trade and town had its weekly market. at that time, the exchange rate for the british indian rupee was 2 british shillings (binr 10 = british £1). labour was cheap, costing as little as binr 3 (6 british shillings) a month. the cost of grains and spices and rent was minimal. fuel used for cooking was cow dung. generally 1 meal was cooked hot and eaten, and the other meal eaten cold. a man with binr 10 was comfortable, one with binr 20 respectable, one with binr 50 was prosperous and one with binr 100 was wealthy. however the cost of living and salaries were much higher in british indian cities.
gubbi
the first move to introduce british sterling silver coinage to the colonies came with an imperial order-in-council dated 1825. this move was inspired by a number of factors. the united kingdom was now operating a very successful gold standard in relation to the gold sovereign that was introduced in 1816, and there was a desire to extend this system to the colonies. in addition to this, there was the fact that the supply of spanish dollars (pieces of eight) had been cut off as a result of the revolutions in latin america where most of the spanish dollars were minted. the last spanish dollar was in fact minted at potosi in 1825. there was now a growing desire to have a stable and steady supply of british shillings everywhere where the british drum was beating. the 1825 order-in-council was largely a failure because it made sterling silver coinage legal tender at the unrealistic rating in relation to the spanish dollar of $1 = 4 shillings and 4 pence. it did succeed in jamaica, bermuda, and british honduras because the authorities in those territories set aside the official ratings and used the more realistic rating of $1 = 4 shillings. the reality of the rating between the dollar and the pound was based on the silver content of the spanish pieces of eight as compared to the gold content of the british gold sovereign.
british west indies dollar