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| 表面の説明 | Printed on light blue paper, the note is entirely typographic in layout, enclosed within a fine guilloche-patterned border running along all four edges. The issuer's name, KINGS BAY KULL COMP. A/S, appears in bold block capitals at the centre-upper field, above the denomination 100 - Hundre kroner rendered in large bold type. A manuscript signature of the chairman of the board appears at lower left, with printed title designations for the Styrets formann and Kontorsjef, Spitsbergen at lower left and lower right respectively; the series letter C is noted at upper left, with a numbered box at upper right. |
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| 表面の銘文 | Betalingsmerke utstedt av KINGS BAY KULL COMP. A/S Mot dette betalingsmerke, som er utstedt for tilgodehavende lønn, utleverer Kings Bay Kull Comp. A/S, til ihendehaveren varer for et beløp av 100 - Hundre kroner Ubenyttede betalingsmerker blir ved ihendehaverens avreise fra Spitsbergen i sesongen 1949/50 å tilbakelevere til kontoret mot beløpets godskrivning i oppgjøret. Merket er ugyldig utenfor Spitsbergen og etter sesongens avslutning. Styrets formann. Kontorsjef, Spitsbergen. |
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Kings Bay Kull Comp. A/S was the Norwegian state-controlled enterprise that operated the coal mines at Ny-Ålesund on Svalbard, and this note is pure company scrip — issued for use within an isolated Arctic mining settlement where no conventional banking infrastructure existed. Workers were paid partly in this currency, redeemable only at the company store. The arrangement was entirely closed loop.
The KB8r designation indicates a remainder, which is how most examples survive. The mine closed abruptly in 1963 after a gas explosion killed 21 miners, and Norwegian parliamentary debate over the disaster brought down the Gerhardsen government — the only time in postwar Norwegian history that a mining accident triggered a cabinet collapse.