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1 Krona Swedish Rock Coal Company Spitsbergen LC
| Issuer | Svenska Stenkolsaktiebolaget Spetsbergen (Swedish Rock Coal Company Spitsbergen) |
|---|---|
| Year | 1924-1925 |
| Type | Local banknote |
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| Obverse description | Plain cream paper with a fine guilloche border in pale gold. The issuer's name in bold blackletter script occupies the centre field, above the denomination KRONA 1 KRONA (EN) flanked by a repeated KR underprint. Series letter and serial number appear in ruled boxes at upper left and right respectively, with one manuscript signature at lower left. |
|---|---|
| Obverse lettering | ANVISNING Å INNESTÅENDE LÖN. Svenska Stenkolsaktiebolaget Spetsbergen utlämnar mot denna anvisning, vid Sveagruvan å Spetsbergen under nedan angivna säsong, varor för ett belopp av KRONA 1 KRONA (EN) Oinlösta anvisningar skola vid innehavarens avresa från Spetsbergen, och senast vid säsongens slut, avlämnas å gruvkontoret, varvid beloppet gottgöres i slutlikvid. Anvisningen är ogiltig utanför Spetsbergen och efter säsongens slut. |
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| Comments |
Svenska Stenkolsaktiebolaget Spetsbergen operated a coal mining concession on Svalbard during the early 1920s, one of several Scandinavian enterprises competing for the archipelago's deposits before the 1920 Spitsbergen Treaty fully normalized Norwegian administrative control. Remote mining camps with no access to conventional banking required their own internal currency, and this note is precisely that — a scrip instrument redeemable only within the company's own settlement economy.
The "r" suffix in the SS16r reference designation indicates a remainder, unissued stock rather than a circulated example. Remainders from Spitsbergen mining scrip survive in disproportionate numbers relative to genuinely used pieces, since most companies abandoned operations before fully depleting their printed stocks.