1 Pound

Gibraltar's wartime currency situation was genuinely complicated. When the civilian population was evacuated between 1940 and 1944 — shipped to Britain, Madeira, Jamaica, and elsewhere — the territory continued operating financially under military administration. Notes of this series remained in use throughout that occupation, circulating among garrison personnel and the reduced civilian workforce that stayed behind.

Waterlow & Sons handled the printing, as they did for numerous colonial governments across the period. The series ran twenty years without a design change, which reflects the political stasis of Gibraltar's status rather than any particular administrative laziness.