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1 Pound - George V Treasury issue
| Issuer | HM Treasury |
|---|---|
| Year | 1917-1923 |
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| In circulation to | 1 August 1933 |
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| Obverse description | Brown and green note with a portrait vignette of King George V positioned at right and a St. George and Dragon vignette at left. The face bears elaborate guilloche underprint work framing the central text panel, with the denomination £1 rendered in both words and numerals. Inscriptions in letterpress detail the legal tender status and issuing authority under Act of Parliament. |
|---|---|
| Obverse lettering | UNITED KINGDOM OF GREAT BRITAIN AND IRELAND CURRENCY NOTES ARE LEGAL TENDER FOR THE PAYMENT OF ANY AMOUNT ONE POUND ISSUED BY THE LORDS COMMISSIONERS OF HIS MAJESTY'S TREASURY UNDER THE AUTHORITY OF ACT OF PARLIAMENT IV. & V. GEO.V.ch.XIV. £1 |
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| Comments |
The Treasury £1 series — issued directly by HM Treasury rather than the Bank of England — came into existence by necessity. The Currency and Bank Notes Act of August 1914 authorised Treasury notes almost overnight to prevent a gold run at the outbreak of war, and the series continued well past the Armistice before the Bank of England finally absorbed note-issuing responsibility in 1928. MacKennal, an Australian-born sculptor and medallist, is better known for designing the effigy of George V used on coinage across the Empire.
Controllers' signatures vary across the run — Fisher, Chalmers, Bradbury, Warren Fisher — and these differences drive significant catalogue spread.