The Bank of England have the task of ensuring that there is at all times an adequate supply of clean and unmutilated bank notes available to the public. A new design becomes news for a short time and is generally felt to represent a change for the worse, although by the time the new design is itself replaced it has often come to be considered in a new light. Occasionally a short paragraph in the newspapers records the discovery of a note regrettably bearing some flaw which has escaped notice before issue. Apart from such exceptional events the existence and availability of bank notes is, very properly, taken for granted.
Published on 01 September 1961
Other Quarterly Bulletin 1961 Q3 articles
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