Herm Island, a British Crown Dependency has a permanent population of 60 (1996). Along with the inhabited islands of Alderney, Brecqhou, Guernsey, Jethou, Lihou and Sark comprise the Bailiwick of Guernsey.  Herm is located in the English Channel 5 km from Guernsey and 13 km from the coast of France.
 
The Bailiwick of Guernsey is part of the British Isles but independent of the United Kingdom, having its own government body known as the States of Deliberation. The islands are a possession of the Crown and allegiance is given to Queen Elizabeth the Second.

The 1 Pound Local Currency Coupon shown above was issued to Mr. & Mrs. Stanton (penned) and was good from 4.4.(19)58 to 12.4(19)58 [penned]. It was valid for purchases at the following establishments on Herm Island: The White House Hotel, The Old Boat Gift Shop The Mermaid Tavern, The Long Barn Snack Bar and The Beach Huts.

 It was also possible to redeem the coupon at the Herm Island Administration Office and fortunately the above note was saved.  It was hand signed by Secretary and Accountant and a Tenant of Herm.  Affixed to the face of the note is a 6 pence Herm Island postage stamp. The Herm Island coupon appears to have been lithographed.