POUND

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POUND

POUND

POUND

POUND, money. The sum of twenty shillings. Previous to the establishment of the federal currency,, the different states made use of the pound in computing money; it was of different value in the several states. 2. Pound sterling, is a denomination of money of Great Britain. It is of the value of a sovereign. (q.v.) In calculating the rates of duties, the pound sterling shall be considered and taken as of the value of four dollars and eighty cents. Apt of March 3, 1833. 3. The pound sterling of Ireland is to be computed, in calculating said duties, at four dollars and ten cents. Id. 4. The pound of the British provinces Nova Scotia, New Brunswick, Newfoundland, and Canada, is to be so computed at four dollars. Act of May, 22, 1846.

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