1 Pound

The National Bank of Egypt was a privately chartered institution — founded in 1898 with British and Egyptian capital — not a state central bank, yet it held the exclusive right to issue currency in Egypt throughout this period. That arrangement persisted until the Central Bank of Egypt was established in 1961. Bradbury Wilkinson printed this series in London, a common arrangement for British-administered territories where security printing capacity did not exist locally.

The Rowlatt signature spans the war years and their immediate aftermath, a period when Egyptian cotton revenues made the currency unusually stable despite wartime disruption across the region. Hornsby's signature marks the early 1920s, just as nationalist pressure following the 1919 revolution was forcing Britain toward the 1922 declaration of nominal Egyptian independence.