£1 BANK of ENGLAND

Series C – Portrait Issue

   Signatory: J.S. Fforde

P374fr  / B308       u        REPLACEMENT NOTE - Prefix  N09M        u  EF

The Bank of England (formally the Governor and Company of the Bank of England) is, despite its name, the central bank of the whole of the United Kingdom and is the model on which most modern, large central banks have been based. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for the UK Government. The Bank was privately owned and operated from its foundation in 1694 until it was nationalized in 1946. In 1997 it became an independent public organisation, wholly-owned by Government, with independence in setting monetary policy.

John Standish Fforde was the 24th Chief Cashier, holding the post between 1966 and 1970. 

Obverse (front) – Green.  Portrait of Queen Elizabeth II to right with seated figure of Britannia beneath.

Reverse (back) – Predominantly green with seated figure of Britannia to centre.

Grading – EF - A very attractive note, with light handling. Paper is clean and bright with original sheen. Corners may show only the slightest evidence of rounding. Please note that this note appears pressed, but within grading.

Size – 151mm x 72mm approximately.

OTHER INFORMATION

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