Beheer

LOT 264
SOLD €19000,00

[V.O.C. banknote] Extremely rare V.O.C. letter of credit for Ceylon (Sri Lanka)

No. [filled out in pen: vijfhonderd agtentwintig] goet voor Ryksdaalders 5. Zegge Vyf Ryksdaalders. Wy ondergetekende certificeren, dat Thoonder deezes, by de Compagnie te goet heeft Vyf Ryxsdaalders van 48. zwaare Stuyvers, Indisch-Geld, voor welker waerde dees Kreditbrief overal ten deezen Eilande gangbaar zal gehouden worden. Kolumbo den 17. september anno 1795. Letter of credit issued by the Dutch East India Company, bifolium with letterpress text in Dutch, Sinhala and Tamil, signed by the last governor of the island, Johan Gerard van Angelbeek (1794-1796) and by T.G. Hofland (according to Ceylon Coins and Currencies "Negotie boekhouder"), 4to size (in very good condition).

Landwehr, V.O.C. 1099 (two copies, ostensibly not filled out); Memoirs of The Colombo Museum, Series A, No. 3: Ceylon Coins and Currencies, p. 144 (1924). Extraordinary and very rare early banknote, which remained valid for 117 years. In September 2017 a copy was auctioned off in London. The history of this banknote: "After the British Invasion of Ceylon in 1795 the Dutch surrendered to the British, Trincomalee on 1795 August 26th, Jaffna on 1795 September 27th. Doubts arose among the populace about the ability of the Dutch Government to redeem the Kredit Brieven owing to the threatened investment of Colombo by the British. By Plakaat of 1795 December 18th Notice was given to issue Paper Money of smaller denominations 1, 2, 3, 4, 5, 10 Rix-Dollars. Called Kas Nooten the notes were issued dated 1796 January 1st. The British under Article 6 of the Capitulation of Colombo, on 1796 February 15th accepted the liability for up to £50,000 (i.e. 468,750 Ryxd) of Kredit Brieven and Kas Nooten still in Circulation and pay interest at 3% per Annum, payable half yearly. Notes [including ours] were Endorsed in English with 3 pCent per annum on this Kredit Brief payable by the British Government of Ceylon under the condition of the Sixth article of the Capitulation of Columbo and on back of Kas Nooten Bearing Interest 3 pCent for Annum. Below a Black rectangular Seal of COL.STUART with Persian text in middle of Signature Geo. Gregory over Reg. Colonel James Stuart led the British troops to take Ceylon from the Dutch. George Gregory was collector for Colombo for the British. (...) The Dutch promissory notes taken over by the British Government in 1796, were never called in. (...) After obtaining the approval of the Secretary of State and protracted negotiations with the holders the Government bought in the 130 [remaining] notes in 1912, for a sum of Rs. 13,890 and cancelled them, thus wiping off finally a permanent charge on public funds." (Dutch Ceylon Paper Money 1785-1796, online article). From 15 February up to 1912 the note retained its value for the British state. All this has been noted on the banknote, as its validity had to be extended annually by hand. The note (apparently one of 130 copies still in circulaton by 1912) is therefore abundantly covered with these extensions, also on page 2 of the bifolium (together with transfer registrations by name). The stamp "Cancelled' has been applied to the printed side and on p. 2.

Please log in or sign up to place a bid or add to favourites!

Newsletter

Subscribe to our newsletter to stay updated with our upcoming auctions.
Search

Search By: