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25 Øre Kings Bay Coal Company
| Issuer | Kings Bay Kull Comp. A/S |
|---|---|
| Year | 1947-1964 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 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 25 - Femogtyve øre Ubenyttede betalingsmerker blir ved ihendehaverens avreise fra Spitsbergen i sesongen 1952/53 å tilbakelevere til kontoret mot beløpets godskrivning i oppgjøret. Merket er ugyldig utenfor Spitsbergen og etter sesongens avslutning. Styrets formann. Kontorsjef, Spitsbergen |
| Reverse description | The reverse is printed on plain cream-white paper without underprint or border, bearing only the denomination '25 ØRE' in a single large bold serif typeface centred within the field. |
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| Comments |
Kings Bay Kull Comp. A/S operated the Norwegian coal mining settlement at Ny-Ålesund on Svalbard, and issued its own scrip currency for use within that closed community — the nearest conventional bank being, quite literally, hundreds of miles away across the Barents Sea. These notes functioned as a company store currency, redeemable only within the settlement, which kept wages circulating back through company-controlled goods and services rather than bleeding out to the mainland economy.
The "r" suffix on the Pick reference denotes a remainder — unissued stock — which is the form most commonly encountered today. The 1962 Kings Bay mining disaster, which killed 21 workers and effectively ended coal operations at Ny-Ålesund, almost certainly curtailed further issue and left surplus notes unspent.