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100 Kronor Spitsbergen Swedish Coalfield LC
| Issuer | Aktiebolaget Spetsbergens Svenska Kolfält |
|---|---|
| Year | 1920-1924 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | ANVISNING Å INNESTÅENDE LÖN. Aktiebolaget Spetsbergens Svenska Kolfält utlämnar mot denna anvisning, vid Sveagruvan å Spetsbergen under nedan angivna säsong, varor för ett belopp av KRONOR 100 KRONOR (ETTHUNDRA) Oinlösta anvisningar skola vid innehavarens avresa från Spetsbergen, och senast vid säsongens slut, avlämnas å gruvkontoret, varvid beloppet gottgöres i slutlikvid. Anvisningen är ogiltig utanför Spetsbergen och efter säsongens slut. |
| Reverse description | Unprinted reverse showing full offset impression from the obverse text and guilloche border, visible as a mirror-image bleed-through on the plain paper stock. |
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| Comments |
Aktiebolaget Spetsbergens Svenska Kolfält was a Swedish mining company operating in the Svalbard archipelago under the terms established before Norwegian sovereignty was formalized by the 1920 Svalbard Treaty. These notes functioned as company scrip — a closed monetary system used to pay workers and control expenditure within the remote Arctic settlement at Spitsbergen, where no national banking infrastructure existed.
The scrip was redeemable only within the company's own store and payroll system, effectively tying wages to the issuer. Norwegian sovereignty was formally exercised from 1925, after which such parallel currency arrangements became untenable.