Singapore continued operating sterling area exchange controls until as late as 1978, and Brunei did not alter its sterling area exchange controls until the year 2001.
22.
As far as United Kingdom law was concerned, Bermuda still remained a member of the overseas sterling area until exchange controls were abolished altogether in 1979.
23.
The original English colonies on mainland North America were not party to the sterling area because the above-mentioned silver shortage in England coincided with these colonies'formative years.
24.
On the outbreak of the Second World War, the sterling area was created as a wartime emergency measure in order to protect the external value of sterling.
25.
Milford applied for a special release to acquire this paper " in the direct interest of British culture and overseas trade, particularly in the non-sterling areas ".
26.
There is an article entitled sterling area but this only deals with a very specialized emergency measure that lasted from the outbreak of the second world war until the 1970's.
27.
The United States could react defensively to its loss of monetary dominance and seek to create a formalized dollar area, such as the United Kingdom's sterling area in the 1930s.
28.
In 1971 Australia changed its peg to the US dollar and in June 1972, the sterling area as an exchange control area was shrunk to include only the British Isles.
29.
In 1971, New Zealand changed its peg to the US dollar, and in 1972, just like the United Kingdom and Australia, New Zealand ended its sterling area based exchange control laws.
30.
According to early residents in the Mount Sterling area, the mountain was named after a wide streak of lead in the bed of the Pigeon River at the mountain's northern base.
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