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1 Krone Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1926-1934 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | Betalingsmerke utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer Store Norske Spitsbergen Kulkompani, til ihændehaveren varer for et -beløp av 1 - En krone Ubenyttede betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsonen 1930/31 at tilbakelevere til kontoret mot beløpets godskrivning i opgjøret. Merket er ugyldig utenfor Spitsbergen og efter sæsonens avslutning. Styrets formand. Kontordjef, Spitsbergen. (Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company Against this payment note, which is issued for outstanding wages, The Great Norwegian Spitsbergen Coal Company delivers to the bearer goods for an amount of 1 krone Unused notes when the beares departs from Spitsbergen during the season 1930/31 is returned to the office against credit of the amount in the settlement. The note is invalid outside Spitsbergen and after the end of the season. Chairman of the board. Office manager, Spitsbergen.) |
| Reverse description | Plain cream-white paper with no underprint or border ornamentation. The denomination '1 Kr.' is printed in large, bold serif letterpress numerals and abbreviation centrally positioned, rendered in dark grey-black ink with a fine internal hatching texture giving the characters a three-dimensional relief appearance. |
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| Comments |
Store Norske Spitsbergen Kulkompani — commonly shortened to Store Norske — operated a company scrip system at its Svalbard mining settlements because Norwegian currency was impractical to maintain in circulation at such remote Arctic outposts. The nearest bank was hundreds of miles away, resupply ships came infrequently, and workers rarely left the island between contracts. Scrip kept wages circulating internally, reducing cash drain and simplifying accounts at the company store.
The SN22r suffix indicates a remainder — unissued stock, likely held at the company office and never formally put into workers' hands. Remainders from this series survive in better condition than circulated examples, which suffered predictably hard use in a coal mining environment.