Annual report on the Falkland Islands and Dependencies / Colonial Office.

  • Great Britain. Colonial Office.
Date:
[1957]
Catalogue details

Licence: Public Domain Mark

Credit: Annual report on the Falkland Islands and Dependencies / Colonial Office. Source: Wellcome Collection.

    21/96 (page 15)
    Chapter 4: Currency and Banking The legal tender of the Colony consists of Falkland Islands Govern¬ ment currency notes of £5, £1 and 10.?. denominations and United Kingdom coinage. On 31st December, 1957, the note issue in circulation was £86,738 10.?. 0d. There are no commercial banks in the Colony but the Treasury remits funds abroad on payment of a commission of 1 per cent. A similar service is also provided by the Falkland Islands Company, Limited, and the Estate Louis Williams, who operate agencies of Lloyds Bank Limited and Hambros Bank respectively. Deposits in the Government Savings Bank amounted to £1,032,436 18.?. 10d. at 30th June, 1957, and the number of depositors’ accounts open was 2,163. At the same date in 1956 deposits totalled £969,637 14?. Id. and the number of depositors was 2,109. Interest on deposits is paid at the rate of 2\ per cent per annum. Chapter 5: Commerce IMPORTS With the exception of meat and a limited quantity of vegetables and berry fruits, practically the whole of the Colony’s requirements in foodstuffs are imported. The value of imports and sources of supply were as follows: Value of Imports 1956 1957 £ £ Food ....... 66,729 74,432 Beverages and Tobacco .... 37,889 42,227 Crude materials, inedible, except fuels . 34,810 113,430 Mineral fuels, lubricants and related materials 18,325 22,799 Animal and vegetable oils and fats 41 418 Chemicals. 21,233 24,874 Manufactured goods classified chiefly by materials ...... 126,778 98,945 Machinery and transport equipment 92,929 98,558 Miscellaneous manufactured articles 93,775 67,234 Miscellaneous transactions and commodities . 13,055 7,015 TOTAL IMPORTS . 505,564 549,932