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1 Rupee 1941, India

in Krause book Number: 25a
Years of issue: 1940
Edition: --
Signatures: Finance department secretary: Mr. C. E. Jones (1941)
Serie: Government of India
Specimen of: 1940
Material: Cotton fiber
Size (mm): 112 х 64
Printer: Issue Department of the Bank of India

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1 Rupee 1941

Description

Watermark:

watermark

HM The King George VI.

Avers:

1 Rupee 1941

In top right corner is an obverse of Indian silver coin 1 Rupee with the portrait of HM The King George VI. Around the portrait is an inscription: "George VI King Emperor".

George VI (Albert Frederick Arthur George, 14 December 1895 - 6 February 1952) was King of the United Kingdom and the Dominions of the British Commonwealth from 11 December 1936 until his death. He was the last Emperor of India and the first Head of the Commonwealth.

Denominations in numerals are in top corners, in words and numeral are centered and lower, in center.

Revers:

1 Rupee 1941

1 Rupee 1940Top left is an obverse of Indian silver coin 1 Rupee with denomination in words and the year of issue. Around it is a wreath of thistles (Scotland), The Tudor roseы (England) and Shamrocks (Northern Ireland).

Top right is the monogram of HM The King George VI.

Denominations in numerals are in top corners, in words and numeral - lower, in center.

Comments:

The first Central Office of the Reserve Bank of India.

It began operations by taking over from the Government the functions hitherto performed by the Controller of Currency and from the Imperial Bank the management of Government Accounts and Public Debt. The existing Currency Offices in Calcutta, Bombay, Madras, Rangoon, Karachi, Lahore and Cawnpore became the branches of the Issue Department of the Bank. (It was not then considered necessary to have an office in Delhi).

Section 22 of the RBI Act, 1934, empowered it to continue issuing Government of India notes till its own notes were ready for issue. The Central Board of the Bank recommended that the Bank notes retain the general size, appearance and design of the existing notes, albeit with modifications.

Notes with the portrait of Edward VIII were scheduled for release in the summer of 1937. But Edward's heart had its reasons and his abdication, at levels mundane, delayed the Bank's issues to January 1938 when the first Five Rupee note was issued bearing the portrait of George VI.

In August 1940, the one-rupee note was reintroduced, once again as a war time measure, as a Government note with the status of a rupee coin, in terms of the Currency Ordinance of 1940 (IV of 1940). The issuance of Rs 2 and Annas 8 was contemplated but Rs 2 was introduced instead on 3rd March, 1943.