Year 1906

The Straits Dollar was Pegged

Friday, 26th January 1906

The value of the Straits Dollar was fixed at 2 shilings and 4 pence so as to stablised the currency.  This value remained at the same level till 1967.

Clock Tower Clock Ready

Monday, 1st January 1906

The Hall 54m Clock Tower that is towering between the Singapore Town Hall and Victoria Memorial Hall was inaugurated. The clock itself has a 4m diameter, weighs a tonne and cost $6,000. And was donated by the Straits Trading Company to the Singapore municipality.