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5 Dollars

Issuer Hong Kong Government
Year 1944
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Value 5 Dollars
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Obverse lettering HONG KONG GOVERNMENT
FIVE DOLLARS
中央儲備銀行
壹仟圓
ATQ
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Reverse lettering THE CENTRAL RESERVE BANK OF CHINA
ONE THOUSAND YUAN
1000
1944
GOVERNOR
VICE GOVERNOR
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Comments

The Hong Kong Government's wartime dollar notes are a study in administrative stubbornness. Japan had occupied Hong Kong since December 1941, and the colonial government-in-exile continued issuing currency — partly to maintain a legal claim to monetary authority, partly for eventual use in reoccupation. These 1944 notes were printed well before liberation and stockpiled for deployment after the surrender.

Pick 319 belongs to a series that saw heavy use during the chaotic weeks following Japan's capitulation in August 1945, when the military administration scrambled to restore economic order before civilian government returned. The Japanese-issued military yen had to be demonetized rapidly, and these pre-printed notes were central to that process.

The printer was Bradbury, Wilkinson & Co. of New Malden, Surrey.

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