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ISLE OF WIGHT PROSECUTED FOR ISSUING OWN COINS

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The Isle of Wight Council has been summoned to court for issuing its own coins in the European basket currency, the...
The Isle of Wight Council has been summoned to court for issuing its own coins in the European basket currency, the Ecu, reported the Financial Times (Oct 12, p4).

The coins were initially introduced by the council as a novelty, but after months of wrangling with the treasury, the police have decided the coins contravene British currency laws.

Isle of Wight Council leader Morris Barton told the paper: 'What we will be saying in our defence is that the Ecu is a token that was sold for charity and tourism - the proceeds of it were going to a multiple scanner for the hospital and training for the unemployed.'
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