Catalog
5 Korona Világítási és Vízmű Rt., Budapest
| Issuer | Világítási és Vízmű Részvénytársaság, Budapest |
|---|---|
| Year | 1920 |
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| Shape | Rectangular |
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| Obverse description | Orange-yellow vertical-striped underprint across the face, with the issuer's name in bold black letterpress along the top border and 'BUDAPEST' in spaced capitals along the bottom, each letter separated by yellow rhombus ornaments. At center, a circular vignette on a yellow disc, surrounded by scrollwork, presents a silhouette vignette of an industrial water tower and associated utility structures rendered in dark purple-red. Two white circular medallions at left and right each bear the numeral '5' in red with 'KORONA' below in black. |
|---|---|
| Obverse lettering | VILÁGÍTÁSI ÉS VÍZMŰ R.T. UTALVÁNY öt, azaz 5 koronáról, melynek ellenértékét főpénztárunk szolgáltatja ki 1920. év deczember hó 1.-ig BUDAPEST (Translation: Lighting and Water Utilities Inc. Payment Order about 5 korona, which will be payed in our main cash register till the 1st of December, 1920 BUDAPEST) |
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| Comments |
Világítási és Vízmű Részvénytársaság — the Lighting and Waterworks Joint-Stock Company — issued small-denomination emergency scrip in 1920 as Hungary's postwar coin shortage made everyday transactions nearly impossible. Municipal utilities and private enterprises alike stepped into the gap left by a central bank overwhelmed by the inflation and political dislocation that followed the collapse of the Dual Monarchy and the short-lived Soviet Republic of 1919.
The Adamo MSZK catalogue places this among Budapest's corporate szükségpénz issues — necessity money produced for wage payments or change-making within a specific utility's network rather than for general circulation.