10 Dollars - George V

The Straits Settlements — Penang, Malacca, and Singapore — operated as a Crown Colony under direct British administration, and its currency was managed accordingly through London. Bradbury, Wilkinson produced this series using their characteristic recess-engraved printing, which gives the ink a tactile relief detectable even on heavily circulated examples. The watermark, typically the royal cypher or a crown device, was the primary security measure — modest by later standards but considered adequate for a colonial currency that circulated in a relatively small and commercially concentrated territory.

The 1931 start date places the first issues squarely in the aftermath of Britain's suspension of the gold standard in September of that year, a decision that directly affected the Straits dollar's exchange peg.