Wooden Money Pubblico Deposited
in the form of Ex- chequer tallies, was current in England prior to the establishment of the Bank of England in 1694. Tallies was the name given to the notched sticks formerly in use for keeping the accounts in the Exchequer They were square rods of hazel or wil- low, inscribed on one side with notches, indicating the sum for which the tally was an acknowledgment, and on the other two sides with the same sum in Roman char- acters. See Bamboo Money.
- Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)