LOT Marudhar Arts  /  Marudhar Arts Auction # 36  / 

452

One Thousand Rupees Banknote of King George VI Signed by J B Taylor of 1938 of Bombay Circle.

Currency:INR Category:Coins & Paper Money Start Price:160,000.00 INR Estimated At:160,000.00 - 180,000.00 INR
One Thousand Rupees Banknote of King George VI Signed by J B Taylor of 1938 of Bombay Circle.
British India, 1938,King George VI, 1000 Rupees, BombayCircle, Signed byJ.B. Taylor, twoseals on the obverse and oneseal on the reverse in black blue ink reads PAYMENT REFUSED UNDER ORDERS OF THE CENTRAL GOVERNMENT,A Prefix, S. No, A7 360679, (KJ RR # 4.8.1A), bank seals at reverse,holes, stains, folds, graffiti, 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 weredemonetized in January 1946. Aspecified time and method as prescribed to exchange these notes.When these notes werepresented for exchange after the specified period the notes were inscribed with a rubber stamp that readsPayment refused under orders of the Central Government.
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