Postage Stamp Demonetization
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Postage Stamp Demonetization
The demonetization of postage and revenue stamps is the process by which the stamps are rendered no longer valid. In general, stamp demonetization is a rare event, since any unused stamp is effectively equivalent to its face value, and there is no financial disadvantage if postal customers use old stamps on their mail. Demonetization chiefly occurs in connection with major upheavals in the postal system, such as a transfer from one country to another, or currency changes, such as decimalisation, or a change of government. The process of exchanging millions or billions of stamps in the public's hands, plus that of exchanging post office stock, is usually complicated and difficult, and offers much interest for students of postal history. There are typically two parts to the process; first, the exchange of unused stamps for new ones of equivalent value. This normally occurs at post offices, with patrons bringing in their old stamps. The second part is the handling of mail with stamps ...
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NZPO 1935 Stamps Demonitisation
The New Zealand Post Office (NZPO) was a state sector organisations in New Zealand, government department of New Zealand until 1987. It was previously (from 1881 to 1959) named the New Zealand Post and Telegraph Department (NZ P&T). As a government department, the New Zealand Post Office had as its political head the Postmaster-General (New Zealand), Postmaster General, who was a member of Cabinet, and, when it was a separate department, the Minister of Telegraphs. The NZPO was similar to the British Post Office or ''GPO'', and so was similar to European ''PTT'' or postal, telegraph and telephone services, which were government monopolies. History 19th century Official postal services started in New Zealand after Captain William Hobson arrived in the Bay of Islands and took up his role as Lieutenant-Governor. Hobson appointed William Clayton Hayes as Clerk to the Bench of Magistrates and Postmaster and the first official post office was opened at Kororareka, now called Russell ...
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Portuguese Escudo
The Portuguese escudo was the currency of Portugal from May 22nd 1911 until the introduction of the euro on January 1st 2002. The escudo was subdivided into 100 . The word derives from the scutum shield. Amounts in escudos were written as with the as the decimal separator (for example: means , means ). Because of the conversion rate of 1,000 = , three decimal places were initially used ( = ). History The currency replaced by the escudo in 1911 was denominated in Portuguese reals (plural: ) and worth 1,000 . The was equivalent to 2.0539 grams fine gold from 1688 to 1800, and 1.62585 g from 1854 to 1891. Gold worth 1.6 (or ; not to be confused with the 20th-century currency) were issued from 1722 to 1800 in denominations of , 1, 2, 4 and 8 . The escudo (gold) was again introduced on 22 May 1911, after the 1910 Republican revolution, to replace the real at the rate of 1,000 to 1 . The term (thousand ) remained a colloquial synonym of up to the 1990s. One million w ...
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George V Of The United Kingdom
George V (George Frederick Ernest Albert; 3 June 1865 – 20 January 1936) was King of the United Kingdom and the British Dominions, and Emperor of India, from 6 May 1910 until his death in 1936. Born during the reign of his grandmother Queen Victoria, George was the second son of Albert Edward, Prince of Wales, and was third in the line of succession to the British throne behind his father and his elder brother, Prince Albert Victor. From 1877 to 1892, George served in the Royal Navy, until the unexpected death of his elder brother in early 1892 put him directly in line for the throne. On Victoria's death in 1901, George's father ascended the throne as Edward VII, and George was created Prince of Wales. He became king-emperor on his father's death in 1910. George's reign saw the rise of socialism, communism, fascism, Irish republicanism, and the Indian independence movement, all of which radically changed the political landscape of the British Empire, which itself reache ...
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Edward VII Of The United Kingdom
Edward VII (Albert Edward; 9 November 1841 – 6 May 1910) was King of the United Kingdom of Great Britain and Ireland and Emperor of India, from 22 January 1901 until his death in 1910. The second child and eldest son of Queen Victoria and Prince Albert of Saxe-Coburg and Gotha, and nicknamed "Bertie", Edward was related to royalty throughout Europe. He was Prince of Wales and heir apparent to the British throne for almost 60 years. During the long reign of his mother, he was largely excluded from political influence and came to personify the fashionable, leisured elite. He travelled throughout Britain performing ceremonial public duties and represented Britain on visits abroad. His tours of North America in 1860 and of the Indian subcontinent in 1875 proved popular successes, but despite public approval, his reputation as a playboy prince soured his relationship with his mother. As king, Edward played a role in the modernisation of the British Home Fleet and the reorganis ...
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Victoria Of The United Kingdom
Victoria (Alexandrina Victoria; 24 May 1819 – 22 January 1901) was Queen of the United Kingdom of Great Britain and Ireland from 20 June 1837 until her death in 1901. Her reign of 63 years and 216 days was longer than that of any previous British monarch and is known as the Victorian era. It was a period of industrial, political, scientific, and military change within the United Kingdom, and was marked by a great expansion of the British Empire. In 1876, the British Parliament voted to grant her the additional title of Empress of India. Victoria was the daughter of Prince Edward, Duke of Kent and Strathearn (the fourth son of King George III), and Princess Victoria of Saxe-Coburg-Saalfeld. After the deaths of her father and grandfather in 1820, she was raised under close supervision by her mother and her comptroller, John Conroy. She inherited the throne aged 18 after her father's three elder brothers died without surviving legitimate issue. Victoria, a constitutional m ...
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Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ...
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Hong Kong Dollar
The Hong Kong dollar (, currency symbol, sign: HK$; ISO 4217, code: HKD) is the official currency of the Hong Kong, Hong Kong Special Administrative Region. It is subdivided into 100 cent (currency), cents or 1000 Mill (currency), mils. The Hong Kong Monetary Authority is the central bank, monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary Authority to issue their own banknotes for general circulation in Hong Kong. These banks, The Hongkong and Shanghai Banking Corporation, HSBC, Bank of China (Hong Kong), Bank of China, and Standard Chartered Hong Kong, Standard Chartered, issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$150, HK$500, and HK$1000, with all designs being similar to one another in the same denomination of banknote. However, the HK$10 banknote and all coins are issued by the Government of Hong Kong. As of April 2019, the Hong Kong dollar is the ninth Template:Mo ...
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Basic Law (Hong Kong)
The Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China is a national law of China that serves as the organic law for the Hong Kong Special Administrative Region (HKSAR). Comprising nine chapters, 160 articles and three annexes, the Basic Law was composed to implement Annex I of the 1984 Sino-British Joint Declaration. The Basic Law was enacted under the Constitution of China when it was adopted by the National People's Congress on 4 April 1990 and came into effect on 1 July 1997 when Hong Kong was transferred from the United Kingdom to China. It replaced Hong Kong's colonial constitution of the Letters Patent and the Royal Instructions. Drafted on the basis of the Joint Declaration, the Basic Law lays out the basic policies of China on Hong Kong, including the "one country, two systems" principle, such that the socialist governance and economic system then practised in mainland China would not be extended to Hong Kong. Instead, Hong Ko ...
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Hongkong Post
Hongkong Post is a government department of Hong Kong responsible for postal services, though operated as a trading fund. Founded in 1841, it was known as ''Postal Department'' or ''Post Office'' () before the handover of Hong Kong in 1997. It has been a sub-member of the Universal Postal Union since 1877, and is a separate entity from China Post. History Merchants traded in Hong Kong on the two sides of Victoria Harbour as early as before the British possession in 1842. They complained about the absence of proper postal services and therefore the Postal Department was established. The department was founded on 28 August 1841, but the first post office (known as 書信館 at that time), situated near the current site of St. John's Cathedral, opened on 12 November 1841. At first, its right to operation belonged to the Royal Mail, until its transfer to the Postmaster General on 1 May 1860. On 8 December 1862, the office issued the first set of Hong Kong postal stamps. Befo ...
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Queen Elizabeth II
Elizabeth II (Elizabeth Alexandra Mary; 21 April 1926 – 8 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until Death and state funeral of Elizabeth II, her death in 2022. She was queen regnant of List of sovereign states headed by Elizabeth II, 32 sovereign states during her lifetime, and was head of state of 15 realms at the time of her death. Her reign of 70 years and 214 days was the List of monarchs in Britain by length of reign, longest of any British monarch and the List of longest-reigning monarchs, longest verified reign of any female monarch in history. Elizabeth was born in Mayfair, London, as the first child of the Duke and Duchess of York (later King George VI and Queen Elizabeth The Queen Mother). Her father acceded to the throne in 1936 upon Abdication of Edward VIII, the abdication of his brother Edward VIII, making the ten-year-old Princess Elizabeth the heir presumptive. She was educated privat ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Transfer Of Sovereignty Of Hong Kong
Transfer may refer to: Arts and media * ''Transfer'' (2010 film), a German science-fiction movie directed by Damir Lukacevic and starring Zana Marjanović * ''Transfer'' (1966 film), a short film * ''Transfer'' (journal), in management studies * "The Transfer" (''Smash''), a television episode *''The Transfer'', a novel by Silvano Ceccherini Finance * Transfer payment, a redistribution of income and wealth by means of the government making a payment * Balance transfer, transfer of the balance (either of money or credit) in an account to another account * Money transfer (other) ** Wire transfer, an international expedited bank-to-bank funds transfer Science and technology Learning and psychology * Transfer (propaganda), a method of psychological manipulation * Knowledge transfer, within organizations * Language transfer, in which native-language grammar and pronunciation influence the learning and use of a second language * Transfer of learning, in education Mathema ...
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