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100 Kroner Great Norwegian Spitsbergen Coal Company
| Issuer | Store Norske Spitsbergen Kulkompani Aktieselskap |
|---|---|
| Year | 1957-1973 |
| Type | Log in to see details |
| Value | 100 Kroner |
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| Obverse description | Printed on bright yellow paper, the obverse is laid out entirely in black letterpress typography within a decorative border of repeating ornamental motifs. The issuer's name, Store Norske Spitsbergen Kulkompani Aktieselskap, is set in large blackletter (Gothic) type at the centre, above the denomination stated as '100 = hundrede kroner' in bold display script. The series designation and serial number appear in boxed panels at the upper left and upper right respectively, while two manuscript signatures are placed at the lower portion above their printed titles: Styrets formann (Chairman of the Board) and Kontorsjef, Spitsbergen (Office Manager, Spitsbergen). |
|---|---|
| Obverse lettering | Betalingsmerke for tilgodehavende lønn, utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap 100 = hundrede kroner 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 100 kroner 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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| Comments |
Store Norske Spitsbergen Kulkompani — commonly abbreviated SNSK — operated as the effective civil authority in Longyearbyen under Norwegian sovereignty, and its company scrip functioned as the only practical currency in the settlement. Workers were paid partly in this scrip, which could be spent only at company-owned facilities: the store, the canteen, the cinema. It was a closed economy by design, not circumstance.
The SN55r suffix denotes a remainder — unissued notes returned from the settlement. Remainders from this series surface more often than genuinely circulated examples, which tend to show hard creasing from the arctic working conditions.