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10 Øre The Norwegian Spitsbergen Syndicate
| Issuer | Det norske Spitsbergensyndikat (The Norwegian Spitsbergen Syndicate) |
|---|---|
| Year | 1916-1917 |
| Type | Vouchers |
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|---|---|
| Obverse lettering | Betalingsmerke utstedt av Det norske Spitsbergensyndikat Mot dette betalingsmerke, som er utstedt for tilgodehavende løn, utleverer Det norske Spitsbergensyndikat til ihændehaveren varer for et beløp av 10 - Ti øre Bed ihændehaverens avreise fra Spitsbergen i sæsonen 1916/17 tilbakeleveres betalings- merket til kontoret mot beløpets godskrivning i opgjøret. Merket er ugjildig utenfor Spitsbergen og efter sæsonens avslutning. Arbeidskomiteens formand. Kontordjef, Spitsbergen. (Translation: Payment note issued by The Norwegian Spitsbergen Syndicate Against this payment note, which is issued for outstanding wages, The Norwegian Spitsbergen Syndicate delivers to the bearer goods for an amount of 10 øre When the bearer departs from Spitsbergen in the season 1916/17 return the note to the office against credit of the amount in the settlement. The note is invalid outside Spitsbergen and after the end of the season. The working committee's chairman. Office manager, Spitsbergen.) |
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| Protection type | Watermark |
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| Comments |
Det norske Spitsbergensyndikat operated coal mines at Advent Bay on Svalbard and issued this note — along with a small series of other denominations — as company scrip for use among its workforce at the settlement. The archipelago had no formal monetary system at the time; Norway would not exercise full sovereignty over Svalbard until the 1920 Treaty of Paris came into force in 1925, leaving mining companies to run their camps largely as self-contained economies.
Emil Moestue in Kristiania (the city was renamed Oslo in 1925) printed the series, and the watermark is the most substantive security feature for a note intended to circulate only within a single remote settlement. Redemption outside the camp was never the point.