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1 Pound 1942, Australia

in Krause book Number: 26b
Years of issue: 1938 - 1952
Signatures: Governor, Reserve bank of Australia: Mr. Hugh Traill Armitage, Secretary to the Treasury: Mr. S. G. McFarlane
Serie: 1939 Issue
Specimen of: 1938
Material: Cotton fiber
Size (mm): 154.94 x 81.28
Printer: John Ash, Australian Note Printer, Melbourne, Australia

* All pictures marked magnify are increased partially by magnifying glass, the remaining open in full size by clicking on the image.

** The word "Specimen" is present only on some of electronic pictures, in accordance with banknote images publication rules of appropriate banks.

1 Pound 1942




Captain James Cook, The Royal Society of London for Improving Natural Knowledge, The Royal Navy (7 November 1728 - 14 February 1779) was a British explorer, navigator, cartographer, and captain in the Royal Navy. Cook made detailed maps of Newfoundland prior to making three voyages to the Pacific Ocean, during which he achieved the first recorded European contact with the eastern coastline of Australia and the Hawaiian Islands, and the first recorded circumnavigation of New Zealand.


Behind the signatures is an inscription - One Pound.


1 Pound 1942

Photographic collage of King George VI, 1936

HM The King George VI.

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.

This new Ash series was issued mainly to replace George V by George VI on the front of the notes. This photographic 'collage' of King George VI was used as a reference image for the 1939 notes.

It was created by superimposing the (head) portrait of George VI on the torso taken from a photograph of Edward VIII, whose abdication in 1936 led to the need for a new note design featuring George VI.

The watermark profile of Edward, the Prince of Wales was also replaced with that of Captain Cook. (Museum of Australian currency notes)

coat of arms Australia

In the middle, on top, is Australian coat of arms.

The coat of arms of Australia (formally known as Commonwealth Coat of Arms) is the official symbol of Australia. The initial coat of arms was granted by King Edward VII on 7 May 1908, and the current version was granted by King George V on 19 September 1912, although the 1908 version continued to be used in some contexts.

In the top half of the shield, from left to right, the states represented are: New South Wales, Victoria and Queensland. In the bottom half, from left to right: South Australia, Western Australia, and Tasmania. Above the shield is the seven-pointed Commonwealth Star or Star of Federation above a blue and gold wreath, forming the crest. Six of the points on the star represent the original six states, while the seventh point represents the combined territories and any future states of Australia. In its entirety the shield represents the federation of Australia.

The Red Kangaroo and Emu that support the shield are the unofficial animal emblems of the nation. They owe this recognition to the fact that they are native Australian fauna (found only on that continent), and likely chosen because they are the most well-known native Australian animals large enough to be positioned together in scale holding up the shield. It is often claimed these animals were chosen because neither animal can move backward, only forward - i.e. progress. In reality both animals can move backwards, but infrequently do. In the background is wreath of Golden Wattle, the official national floral emblem, though the representation of the species is not botanically accurate.At the bottom of the coat of arms is a scroll that contains the name of the nation. Neither the wreath of wattle nor the scroll are technically part of the official design described on the Royal Warrant that grants the armorial design.

Denominations in numerals are centered, in lower left and top right corners. In words is also centered and in lower right and top left corner.


1 Pound 1942

A distinctive feature of currency notes designed in the 1930's was the use of artwork by Frank Manley based on bas-relief panels originally designed by artist Paul Raphael Montford. These panels represented various sectors of the Australian economic life:

Manufacturing – Ten shilling note

Pastoral – One pound note

Commerce – Five pound note

Agriculture – Ten pound note

Mining – Fifty pound note

Dairying – One hundred pound note

This note shows Pastoral.


For over 100 years, from the 1840s to the 1950s, the Australian economy was seen to be "riding on the sheep's back". Agriculture, especially wool, established Australia as a thriving economy with a substantial workforce, service industries and large port cites.

Australian agriculture benefited from many different agricultural practices, formal and informal land grants, overseas capital and access to relatively cheap labour through Indigenous workers and indentured schemes. Combined with invention, ingenuity and hard work this has led to Australia becoming a leading exporter of fine food, meats and grains.

However, from 1901 to 2009 there has been a dramatic decline proportionally in the income from wool, and the people employed in agriculture, from 14 per cent to 3 per cent. At the same time, there has been an increase in the head of cattle and the variety of profitable agricultural export industries. Most of Australia's agricultural products continue to be exported and farmers supply about 93 per cent of Australia's food.

There have been many changes in farming methods over the last 200 years and Australian farmers have had to be adaptable as well as resilient and inventive. The challenges of access to fresh water, the legacy of high amounts of fertilizers, massive clearing, over grazing, a tyranny of distance, transport costs and feral animals, have tested Australian farmers to their limits. In response, farming has become more mechanized and reliant on technologies, as well as holistic as it seeks to become more sustainable.

Most of Australia's land, about two-thirds, is given over to farming production. About 90 per cent of farm land is for grazing on native pastures, occurring mostly in the arid and semi-arid zones. Cattle and sheep grazing is known as pastoralism and has a long history associated with rural and outback Australia, connecting most Australians. (Australian government)

There are lots of information about sheepstations and pastoral in Australia. Something you can read also here (National museum of Australia)

Denominations in numerals are in all corners and on the left side.