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50 Kroner Great Norwegian Spitsbergen Coal Company

Uitgever Store Norske Spitsbergen Kulkompani Aktieselskap (The Great Norwegian Spitsbergen Coal Company)
Jaar 1924-1925
Type Log in om details te zien
Waarde 50 Kroner
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Beschrijving voorzijde Typeset payment note printed entirely in red on cream paper, enclosed within a decorative red chain-link rectangular border. The issuer's name «Store Norske Spitsbergen Kulkompani Aktieselskap» is set in bold blackletter type at the centre, above the denomination «50 = Femti kroner» in large display type. Series and number boxes appear in the upper left and right corners respectively, with the full terms of use and validity conditions set in smaller roman type throughout the field, and the signature titles «Styrets formand» and «Kontorchef, Spitsbergen» printed at the lower left and right.
Opschrift voorzijde Betalingsmerke utstedt av Store Norske Spitsbergen Kulkompani Aktieselskap Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer Store Norske Spitsbergen Kulkompani til ihændehaveren varer for et beløp av 50 - femti kroner Ubenyttede betalingsmerker blir ved ihændehaverens avreise fra Spitsbergen i sæsonen 1924/25 at tilbakelevere til kontoret mot beløpets godskrivning i opgjøret. Merket er ugyldig utenfor Spitsbergen og efter sæsonens avslutning. Styrets formand. Kontorchef, Spitsbergen.
(Translation: Payment note issued by The Great Norwegian Spitsbergen Coal Company Against this payment note, which is issued for outstanding wages, The Great Norwegian Spitsbergen Coal Company delivers to the bearer goods for an amount of 50 kroner Unused notes when the bearer departs from Spitsbergen during the season 1924/25 is returned to the office against credit of the amount in the settlement. The note is invalid outside Spitsbergen and after the end of the season. Chairman of the board. Office manager, Spitsbergen.)
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde Log in om details te zien
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Opmerkingen

Store Norske Spitsbergen Kulkompani was the dominant Norwegian coal operation on Svalbard from its founding in 1916, and by the early 1920s it had effectively become a company town operation — the remote Arctic settlements of Longyearbyen and Svea had no access to ordinary Norwegian banking infrastructure. These notes circulated exclusively within the company's Arctic settlements as a closed scrip system, redeemable only at the company store and valid nowhere else on earth.

The 1924–25 series is the most substantial denomination in the Store Norske scrip issues. High-value notes in isolated scrip systems rarely survive in any quantity — workers had strong incentive to spend or redeem them, not save them.

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