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1 Pound
| Issuer | Lords Commissioners of His Majesty's Treasury |
|---|---|
| Year | 1919 |
| Type | Standard circulation banknote |
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| Obverse description | Brown intaglio print on pale paper. At left, a vignette of St. George on horseback slaying the dragon, with a sterling symbol below; at right, an oval medallion bearing a right-facing portrait of King George V in uniform, surrounded by the legend 'GEORGIVS V D.G. BRITT: OMN: REX F.D. IND: IMP:'. The large central denomination 'ONE POUND' is printed in bold letterpress across the middle of the note, with the issuing authority text and legal tender clause arranged in two columns flanking the portrait. |
|---|---|
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| Variants | P#357 - Warren Fisher signature series (1919-1923) P#358 - Specimen note |
| Comments |
Warren Fisher signed British Treasury notes in his capacity as Permanent Secretary to the Treasury — a civil servant, not a banker, which reflects how these notes sat outside the Bank of England system entirely. The Treasury had taken over direct currency issue in 1914 as an emergency measure under the Currency and Bank Notes Act, and by 1919 the arrangement had long outlasted the war that justified it.
Fisher's signature appears on several series. The transition back to Bank of England issue didn't complete until 1928, when the Currency and Bank Notes Act finally wound down Treasury control. Pick 357 falls squarely in that interregnum period — neither wartime emergency nor peacetime normality.