1 Dollar KGVI Malaya Banknote - 1941
These 3 notes are actually UNCIRCULATED but sitting in the angpow envelope for more than 60 years without proper storage.So the condition of the notes are not UNC grade.
Condition: Condition - gVF Date Of Issued: 1st July 1941
Note: Banknote grading is subjective but i try to be more conservative.
Signature: H.Weisberg Chairman Of Commissioners
Printer: Waterlow & Sons
Size: 124mm x 64mm
Price:RM600 for 3 pieces
Malayan dollar info
The dollar (Malay: ringgit, Jawi: رڠڬيت) was the currency of the British colonies and protectorates in Malaya and Brunei until 1953. It was introduced in 1939, replacing the Straits dollar at par, with 1 dollar = two shillings four pence sterling (60 dollars = 7 pounds).
Board of Commissioners of Currency, Malaya formed
The Malayan dollar was issued by the Board of Commissioners of Currency, Malaya, with a hiatus during the Japanese occupation (1942–1945).
The Board of Commissioners of Currency Malaya came into being in October 1938 following the Blackett Report which recommended that the sole power of issuing currency for the various Malay States, including Brunei, and the Straits Settlements should be entrusted to a pan-Malayan Currency Commission. Sir Basil Blackett was appointed in 1933 by the Secretary of State for the Colonies to lead a commission to consider the participation of the various Malay States, including Brunei, in the profits and liabilities of the Straits Settlements currency. The Blackett Report was adopted by the Government of the Straits Settlements, the Federated Malay States, Unfederated Malay States and Brunei. Legislation was enacted by the Straits Settlements Currency Ordinance (No. 23) of 1938, and ratified by the various states during 1939. The board started to issue currency in 1939.
In 1952 the board was renamed the Board of Commissioners of Currency, Malaya and British Borneo. See Malaya and British Borneo dollar.
Banknotes in denominations of 1, 5 and 10 dollar notes were printed in the U.K. for circulation in Malaya in 1940. However, out of 27,000,000 one dollar notes and 5,600,000 five dollar notes of the same series despatched to Malaya before the Japanese invasion; 25,800,000 one dollar notes and 5,000,000 five dollar notes arrived. Of the remainder, 700,000 one dollar notes and 500,000 five dollar notes were seized by the Germans when one of their raiders captured the SS Automedon; and further 500,000 one dollar notes and 100,000 five dollar notes were lost when the carrying ship, the SS Eumanes, was sunk. As such, none of these notes were ever put into circulation by the Straits Settlement Government. Only the 10 dollars were issued for use in Malaya.
At the time of Japanese invasion, they were still held in treasury vaults in Singapore and Penang. When Penang was evacuated in December 1941, 600,000 one dollar notes and 100,000 five dollar notes were abandoned in the treasury, where they fell into the hands of the Japanese. In Singapore, 4,200,000 one dollar and 1,000,000 five dollar notes were destroyed, and 21,000,000 one dollar notes and 3,900,000 five dollar notes shipped to India for safety. When British forces reoccupied Singapore in September 1945, they found all the abandoned notes of this series, except for a bundle of one thousand of the notes captured in Penang, in the vaults of the Japanese sub-treasury.
Nevertheless, all stocks were destroyed in 1946, as it was feared that the notes from the captured ship might have been handed over by the Germans to their Japanese allies, and were being hoarded in bulk, ready to be passed into circulation when the notes became current. There are no evidence that these notes ever reaching Malaya. All the notes were signed by L.G. Corney, the Chairman of the Board of the Commissioners of Currency.
After the reestablishment of British rule, the Japanese occupation currency was declared worthless and the previous issues of the Malayan dollar regained their value relative to sterling. Notes were again issued in 1945 but dated 1941.
Coins were issued between 1939 and 1950 in denominations of ½ and 1 cent (square, bronze), 5, 10 and 20 cents (silver until 1945, cupro-nickel from 1948).
Banknotes in denominations of 1, 5 and 10 dollar were printed in the U.K. for circulation in Malaya in 1940. However, because a shipload of 1 and 5 dollar notes were captured by German forces, only the 10 dollars were issued (see History section above). Because of the war in Europe, the Survey Department printed 10 and 25 cents for circulation. These were replaced in 1941 by notes printed by Thomas de la Rue in denominations of 1, 5, 10, 20 and 50 cents.
When the British regained control of Malaya after World War II, notes were issued in 1945 (dated 1941), in denominations of 1, 5, 10, 50, 100, 1000 and 10,000 dollars.