Thursday, October 4, 2007
Straits Settlement $1 1916
This is currently the oldest $1 note that I have that was issued by the Straits Settlement Government in Singapore for use in the British colonies in Malaya and Singapore as well as for Brunei as its protectorate state. For those in Brunei, we used Straits Settlement money as a result of the 1906 agreement between Britain and Brunei when we have the British Resident. As a result of that too, Sultan Hashim signed a law demonetising other forms of currencies in Brunei other than those issued by the Straits Settlement Government.
This particular note is the first design of the Straits Settlement paper currency. This was issued between 1906 to 1924 and printed and engraved by Thomas De La Rue & Company (this company also printed Brunei stamps from 1907 until the 1970s). The first issuance was issued on white cream paper and then on pinkish paper which is what I have here. I was quite lucky to get this 90 year old note for about US$105 and the market rate can range from US$125 VG to about US$2,000 UNC.