In 1931 they dropped convertibility of the pound sterling still called pound sterling even though it's not silver it was gold.
在1931年,他们放弃了英镑的可兑换性,仍然叫做英镑的话,即便它不是银,而是金。
We call them consols because, in the early 1700s, the British Government issued what they called consols or consolidated debt of the British Crown that paid a certain amount of pound sterling every six months forever.
我们称之为公债是因为早在十八世纪初,英国政府规定他们称之为英国皇家,统合公债或者联合公债,要求永久性地,每六个月支付一定数量的英镑
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