Tallies
Wooden money in the form of Exchequer 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 willow, 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 characters.
See Also: Wooden Money, Bamboo money
Source: Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)