Item 434 out of 506
Lot # 434 - One Thousand Rupees Payment Refused Bank Note of King George VI Signed by J.B. Taylor of 1938 of Calcutta Circle.
One Thousand Rupees Payment Refused Bank Note of King George VI Signed by J.B. Taylor of 1938 of Calcutta Circle.
One Thousand Rupees Payment Refused Bank Note of King George VI Signed by J.B. Taylor of 1938 of Calcutta Circle. One Thousand Rupees Payment Refused Bank Note of King George VI Signed by J.B. Taylor of 1938 of Calcutta Circle.
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  • P-Auction # 31
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Start Price 150000 Estimated Price 150000-200000
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Quick Description
DenominationRupees 1000GovernorJ. B. Taylor
Year1938
Full Description:

British India, 1938, King George VI, 1000 Rupees, Calcutta Circle, Signed by J.B. Taylor, three seals on the obverse and one seal on the reverse in black ink reads "PAYMENT REFUSED UNDER ORDERS OF THE CENTRAL GOVERNMENT", A Prefix, S. No, A0 741467, (KJ & RR # 4.8.1B), bank seals at reverse, holes, folds, minor stains, about very fine, Extremely Rare.

Note: It is interesting to observe payment refused seals on this banknote. The high value notes of Rupees 500, 1000 & 10000 in circulation including Uniface notes were demonetised in January 1946.  A specified  time and method  was prescribed to exchange these notes. When these notes were presented for exchange after the specified period the notes were inscribed with a rubber stamp which reads "Payment refused under orders of the Central Government".