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shilling
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shilling

English coin worth 12 pennies (there were 20 shillings to one pound), first minted under Henry VII. Although the denomination of a shilling was abolished with the advent of decimalization in 1971, the coins remained in circulation as five-pence pieces.



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In other news, Phonetime also announces the appointment of Rodney Franklin as its new CFO, replacing Jeff Chelin, who has left the Company to pursue other opportunities.
Most significantly, the company's costs increased at a much slower rate than our sales, reflecting Phonetime's strong cost containment efforts," said Jeff Chelin, CFO.
 
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