DEMONETISED STRAITS SETTLEMENTS BANKNOTES
How The Straits Settlements Banknotes Were Demonetise.
Demonetise means ending something as no longer the legal tender of a country.Coins and banknotes may cease to be legal tender if new notes of the same currency substitute them or if a new currency is introduced replacing the former one.Banknotes and coins may be withdrawn from circulation, but remain legal tender.
Normally when there is an order on trashing the currency notes, the demonetised banknotes are destroyed (shredded).
But I was given a chance to inherit a pair of very unique "portion" paper of the Government of the Straits Settlements Banknotes.
I believed and was told by the original owner/collector of these pair of very unique "portion" paper of the $5.00 of the Government of the Straits Settlements Banknotes that these were the "proof" that the $5.00 of the Government of the Straits Settlements Banknotes dated 1925 to 1935 were demonetised.
A portion of paper on the $5.00 dated 1-1-1925 to 1930 of the Government of the Straits Settlements Banknotes was punched out from the banknote. It was in round shape and was measured at 28mm in diameter. Another portion of paper was belonged to a $5.00 banknote that dated 1-1-1931 to 1-1-1935.
The banknote that dated 1-1-1925 to 1930 was in green with a white watermark of a tiger head.On obverse is a farmer with a child sitting on a buffalo at right.Reverse is a moving tiger in the centre surrounded by ornamental design.The 28mm round shape paper portion was punched out from the upper right position where the serial numbers were located. It reads E/8 02608.
Whereas the other portion with serial numbers B/32 75789 was from the $5.00 dated 1931-1935.Obverse is a potrait of King George V. On the reverse is a women statue on the left and a moving tiger in the centre.It was in dark purple/maroon color.
Normally when there is an order on trashing the currency notes, the demonetised banknotes are destroyed (shredded).
I believed and was told by the original owner/collector of these pair of very unique "portion" paper of the $5.00 of the Government of the Straits Settlements Banknotes that these were the "proof" that the $5.00 of the Government of the Straits Settlements Banknotes dated 1925 to 1935 were demonetised.
A portion of paper on the $5.00 dated 1-1-1925 to 1930 of the Government of the Straits Settlements Banknotes was punched out from the banknote. It was in round shape and was measured at 28mm in diameter. Another portion of paper was belonged to a $5.00 banknote that dated 1-1-1931 to 1-1-1935.
The banknote that dated 1-1-1925 to 1930 was in green with a white watermark of a tiger head.On obverse is a farmer with a child sitting on a buffalo at right.Reverse is a moving tiger in the centre surrounded by ornamental design.The 28mm round shape paper portion was punched out from the upper right position where the serial numbers were located. It reads E/8 02608.
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