John Bradbury, 1st Baron Bradbury TLS dated 5 December 1918 on Treasury Head paper interesting content letter Ref E ...

John Bradbury, 1st Baron Bradbury TLS dated 5 December 1918 on Treasury Head paper interesting content letter Ref E 19245/18. The Bradbury pound was introduced in 1914 at the outbreak of the First World War. The Government at the time needed to preserve its stock of bullion so asked the Bank of England to cease paying out gold for its notes. Instead, the Treasury printed and issued 10 shilling and £1 notes (so called Bradbury pounds). The gold standard was then partially restored in 1925 and the Bank of England was again obliged to exchange its notes for gold, but only in multiples of 400 ounces or more. Britain left the gold standard in 1931 and the note issue became entirely fiduciary, that is wholly backed by securities instead of gold. Good condition. All autographs are genuine hand signed and come with a Certificate of Authenticity. We combine postage on multiple winning lots and can ship worldwide. UK postage from £5.99, EU from £7.99, Rest of World from £10