Pound (mass) No standards of the Tower pound are known to have survived. The Tower pound was equivalent to about 350 grams. The merchants' pound ("mercantile pound", "libra mercantoria", or "commercial pound") was considered to be composed of 25 rather than 20 Tower shillings of 12 pence. It was equal to 9,600 wheat grains (15 tower ounces or 6,750 grains) and was used in England until the 14th century for goods other than money and medicine ("electuaries"). The London pound is that of the Hansa, as used in their various trading places. The London pound is based on 16 ounces, each ounce
History of pound sterling in Oceania Papua New Guinea also used the Australian pound, while territories under New Zealand jurisdiction, such as Western Samoa and the Cook Islands, as well as the Pitcairn Islands used the New Zealand pound. Hence there were now a total of three different pound units in use in the Australasian and Pacific region, none of them being equal to the pound sterling. There was the Australian pound, the Fijian pound, and the New Zealand pound. However, the New Zealand pound, as stated above, did return to parity with the pound sterling in 1948. History of pound sterling in Oceania The pound