Show WOODEN MONEY IN ENGLAND notched sticks used before the bank of rn england glaDd was established wooden money in the shape of exchequer tallies was prior to the es of the bank of england in 1094 current in the country named tallies was the name riven given to the notched sticks formerly in use in england for keeping the accounts in the ex exchequer chequer they are described by tid tidbits bits as square rods of hazel or wili low inscribed on one side with notches indicating the sum for which the tally was a an n acknowledgment and on two other sides with the same me sum in roman characters when the transaction was completed the tally recordings recording it was split lengthwise so BO that each section contained a half of each notch and one of the written sides one half called the tally or check was given to the person for whose service e it was intended the other half called calle d the counter tally fally was retained in th the e exchequer until its corresponding tally should be brought in by the person who had last given value for it it thus became a current token representing sen ting cash after the th e establishment of the bank of england government payments were made through its agency the use of tallies in the exchequer was abolished by statute 23 george ill III the old tallies were by acts 4 and S 5 william IV ordered to b be e destroyed and it was the burning of them that caused the conflagration by which the old houses of parliament n were fc re demolished |