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10 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1973 |
| Type | Log in to see details |
| Value | 10 Kroner |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Betalingsmerke for tilgodehavende lønn, utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap 10 TI KRONER 10 Merket er ugyldig utenfor Spitsbergen. Ubenyttede betalingsmerker blir ved ihendehaverens avreise fra Spitsbergen å tilbakelevere til kontoret mot beløpets godskrivning i lønnsoppgjør. Selskapets innløsningsplikt bortfaller etter nærmere kunngjøring på Spitsbergen. Styrets formann Kontorsjef Spitsbergen (Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company for due wages 10 kroner The note is invalid outside Spitsbergen. Unused payment notes must be returned upon the holder`s departure from Spitsbergen to the office againt the amount being credited on the payroll. The company`s obligation ceases after further announcement on Spitsbergen. Chairman of the board. Office manager, Spitsbergen.) |
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| Reverse lettering | 10 KRONER |
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| Comments |
Store Norske Spitsbergen Kulkompani — "the big Norwegian" — operated as effectively a state within a state on Svalbard, and its scrip functioned accordingly. The company town of Longyearbyen had no commercial banking infrastructure, so the company issued its own currency for use in the company store and canteen. Workers were partly paid in this scrip, which could not be spent anywhere else on the archipelago and certainly not on the Norwegian mainland.
The 1973 series updated earlier wartime-era issues; the original scrip program dates to well before Norwegian sovereignty was firmly exercised under the 1920 Svalbard Treaty. NP#SN44 is among the later denominations still in active use before electronic payroll eliminated the scrip system entirely in the 1980s.