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DETAILS:
ONE POUND CIRCULATION NOTE
FIRST ISSUE
Size: 152 mm x 83 mm
Watermark: Riebeeck's Portrait
Print Colour: Brown - Pink
DESCRIPTION:
Union Pound Currency
The South African pound was for over a century, from 1825 to 1961, linked to the value of the pound sterling. The pound sterling, in turn, was for most of this time linked to a certain weight of gold or silver. The South Africa pound was, through the link to the British pound, not only as good as gold, it was gold.
Source:https://libcom.org/article/pow-camps-ceylon-during-boer-war
Governor's Signature
W H Clegg's banking career started in September 1886 when he joined the Bank of England. By 1895 he was an assistant to the auditor before becoming a first auditor in 1900. In 1914, he was the principal of the branch banks office and by 1919, the banks chief accountant. In 1920, he was selected as the first governor of the South African Reserve Bank a position he served until 1931. After the end of his tenure at the South African Reserve Bank, he was appointed as the chairman of the commission of inquiry into the Hong Kong currency. In 1932, he returned to the Bank of England as a director. Source: Wikipedia
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