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| 正面描述 | Printed entirely on a salmon-red ground, the note is of a purely typographic design without vignettes or ornamental underprint. The issuer's name KINGS BAY KULL COMP. A/S appears in large bold letterpress type at centre-top, below the heading Betalingsmerke utstedt av. The denomination 50 - Femti kroner is set in large bold type at centre, flanked above and below by the conditions of use in smaller text; series letter C and a numbered box appear in the upper corners, and two manuscript signatures with their respective titles occupy the lower portion. |
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| 正面铭文 | 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 50 - Femti kroner Ubenyttede betalingsmerker blir ved ihendehaverens avreise fra Spitsbergen i sesongen 1949/50 å tilbakelevere til kontoret mot beløpets godskrivning i oppgjøret. Merket er ugyldig utenfor Spitsbergen og etter sesongens avslutning. Styrets formann. Kontorsjef, Spitsbergen |
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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 exclusively within that isolated community. These notes functioned as truck system tokens — workers were paid in company currency redeemable only at the company store, a practice already illegal on the Norwegian mainland by the time this series circulated.
The KB7r reference denotes a replacement note, which is notably scarce given the small population this scrip ever served. The entire Ny-Ålesund mining operation was shut down permanently following a fatal mine explosion in November 1962, which killed 21 men and ended coal extraction there for good.