1 Dollar

Waterlow & Sons printed this series for the Board of Commissioners of Currency, the joint issuing authority created in 1952 to serve Malaya, Singapore, North Borneo, Sarawak, and Brunei under a single currency arrangement — one of the more ambitious monetary unions attempted in the late British colonial period. The 1959 date places this note in the middle of the board's brief operational window; Malayan independence had already arrived in 1957, but the shared currency continued until 1967 when Singapore's separation from Malaysia forced its dissolution.

Waterlow's contract was cut short by their absorption into De La Rue in 1961.