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10 Øre Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1957 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Betalingsmerke for tilgodehavende lønn, utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap 10 - Ti øre 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 øre The note is invalid outside Spitsbergen. Unused payment notes must be returned upon the holder`s departure from Spitsbergen to the office against 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 øre |
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| Comments |
Store Norske Spitsbergen Kulkompani — the state-backed Norwegian mining company that has operated on Svalbard since 1916 — issued its own internal scrip for use at Longyearbyen, the company town where for decades essentially all commerce was company-controlled. These notes functioned as a closed-currency system: workers were partly paid in scrip redeemable only at the company store, a practice that persisted well into the postwar period and drew occasional criticism as a form of wage capture.
The 1957 series is among the later issues before internal scrip use was gradually wound down as Longyearbyen's economy opened up. Svalbard's unique treaty status — no customs, no VAT, Norwegian sovereignty but international access — made conventional monetary policy irrelevant here anyway.