Decimal Day Board. Consideration was given to introducing a new major unit of currency worth ten shillings in the old currency: suggested names included the "new pound", the "royal" and the "noble". This would have resulted in the "decimal penny" being worth only slightly more than the old penny (this approach was adopted, for example, when South Africa, Australia and New Zealand decimalised in the 1960s, adopting respectively the South African rand, Australian dollar and New Zealand dollar equal in value to 10 shillings). But Halsbury decided, in view of the pound sterling's importance as a reserve currency, that the pound should
Halfpenny (British pre-decimal coin) of the Golden Hind appeared. Like all British coinage, it bore the portrait of the monarch on the obverse. "Halfpenny" was colloquially written "ha’penny", and "d" was spoken as "a penny ha’penny" or "three ha'pence" . Before Decimal Day in 1971 there were 240 pence in one pound sterling. Twelve pence made a shilling, and twenty shillings made a pound. Values less than a pound were usually written in terms of shillings and pence, e.g. 42 pence would be three shillings and six pence (3/6), pronounced "three and six", whereas 3 shillings even would be "3s" or, on a sign