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Revenue Stamps

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Daniel View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Daniel Quote  Post ReplyReply Direct Link To This Post Posted: 09 April 2012 at 08:29
I've been looking for an example of this 'banknote' for some time and recently managed to acquire one at a reasonable price:

 
It is an example of a Welsh banknote issued, as a bill of exchange (effectively a cheque), by Richard Williams in 1969. The story behind the various notes that he produced is not straightforward. It wasn't a simple matter of wanting to produce the first and only national Welsh banknotes (later when a Welsh bank was formed and recognised they decided not to issue their own notes) but was more to do with Williams believing that he invented the magnetic cheque encoding system, the machine readable numerals printed across the bottom of all cheques, and that he was due royalties for the use of the system. The first issue was produced in small quantities but Williams hadn't anticipated the huge interest from banknote collectors particularly from the US. Indeed, if he had concentrated on this aspect he wouldn't have died a bankrupt but he was totally obsessed with getting royalties from all of the major banks for his encoding system. 
 
He did produce more notes and even managed to get the Inland Revenue Stamp Office to stamp them with their revenue tax stamp adding much authenticity. Unfortunately for the Inland Revenue they didn't, it would appear, have any Welsh speakers on their staff and they didn't realise that 'Prif Trysora Cymru', the name of his registered company, meant The Chief Treasury of Wales, implying that it was a national institution. When they did find out the remaining stocks of his notes were cancelled as per the example. He continued to produce notes changing the name to The Black Sheep Company and continued to confound the Inland Revenue with Welsh and tried having Welsh pounds and even dollars (neither was accepted when the Inland Revenue found out the translation). He continued his campaign against the banks, the Government and Inland Revenue up until his death in 1988
 
There is a very good book on this subject; 'Money galore: The Story of the Welsh Pound' by Ivor Wynne Jones, Landmark Publishing (ISBN 9781843060840) but probably out of print.
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Steve View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Steve Quote  Post ReplyReply Direct Link To This Post Posted: 10 April 2012 at 11:40
Hmmmm a Welsh First I didn't recognise.
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Colin View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Colin Quote  Post ReplyReply Direct Link To This Post Posted: 10 April 2012 at 22:02
Oh no!  Don't encourage him Daniel  Wink LOL
Happiness doesn't come from getting something we don't have, but through recognising and appreciating what we do have.
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Daniel View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Daniel Quote  Post ReplyReply Direct Link To This Post Posted: 27 October 2013 at 09:16
A while ago I managed to acquire my first collectible British passport but it is quite old and not at all recognisable by today's versions. It was issued in 1908 and seems to tell you more about the then Foreign Secretary, Sir Edward Grey who has duly signed the document, than it does about the person to whom it was issued, a Mr Abel Sykes and his wife Florence. It was issued on a very large single sheet of thin parchment with information on both sides. The reverse featuring various Russian revenue and franks. I've had to scan the document over 4 scans:

 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Daniel Quote  Post ReplyReply Direct Link To This Post Posted: 27 October 2013 at 09:17
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Daniel View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Daniel Quote  Post ReplyReply Direct Link To This Post Posted: 27 October 2013 at 09:18
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Daniel Quote  Post ReplyReply Direct Link To This Post Posted: 27 October 2013 at 09:19
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Marj Quote  Post ReplyReply Direct Link To This Post Posted: 29 October 2013 at 22:58
What a document!  I would feel completely confident going abroad as a British citizen with that tucked into my coat pocket. It just oozes decency and quality. Those were the days!
If I'd known I was going to live this long, I'd have taken better care of myself.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jamesw Quote  Post ReplyReply Direct Link To This Post Posted: 17 September 2014 at 09:25
Can you explain this one to a poor ignorant Canadian? What £7 get you? A month of Corrie?

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