LOCAL BANKS RE-OPEN.
NEW £1 NOTES ISSUED.
The alteration from coins to paper money makes no difference. The notes will be offered and accepted in payment, just the same as gold, and should be treated by the public with the same confidence. Wages paid in paper will have exactly the same purchasing power as if paid in gold, and workers need have no hesitation in accepting them. Postal orders are also legal tender. The Government scheme is introduced for the benefit of the public whose duty it is to support the scheme and reserve the gold.
The new £1 notes are printed on small slips of paper 2½ in. by 5in. They bear the following wording printed in Old English type:--
These notes are a legal tender for a payment of any amount issued by the Lords Commisioners of His Majesty's Treasury under authority of Act of Parliament.On the left-hand side they bear the King's portrait amid ornamentation encircled by the inscription “Georgius V., D.G. Britt. Omn Rex, F.D., Ind. Imp.” The notes are printed on white paper, watermarked with the royal cipher.
ONE POUND(Sd.) JOHN BRADBURY,Secretary to the Treasury.
We are informed that the Yorkshire Penny Bank have paid all the holiday and wage money in coin, and the public have willingly taken the new £1 notes issued by the Government. The supply of notes sent down from the head office in London has been exhausted, and all payments were being made yesterday afternoon in cash. Business is absolutely normal, and a most gratifying feature is that the deposits yesterday were almost equal to the withdrawals. There is no reason for the public to have the slightest fear.
(The Halifax Courier, 8th August 1914)
|(Image from the Bank of England's Withdrawn banknotes website)|