SOUTHERN NIGERIA Printed Money,
1909 Unissued PROOF Banknotes

     

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Queen:
Victoria
20.6.1837 - 22.1.1901


King:
Edward VI

22.1.1901 - 9.10.1910


King:
George V

6.5.1910 - 20.1.1936



High Commissioner:
Sir Ralph D. R. Moor
1.1.1900 - 8.1904



High Com./ Governor:
Walter Egerton

8.1904 - 1912



 Colonial Governor:
Frederick Lugard

1912 - 1.1.1914


SOUTHERN NIGERIA Banknotes, 1.1.1909 Unissued Proofs

COLONY & PROTECTORATE OF
 SOUTHERN NIGERIA

1849 Bight Biafra; 1852 Bight Benin; 1884 GBR Protectorate; 1855 Oil Rivers Protectorate; 1891 Consular Adm.; 1893 Niger Coast Protectorate; 1.1.1900 Southern Nigeria Protectorate; 1914 Colony & Protectorate of Nigeria
Currency; GBR Pound 1900-16; BWA Pound 1916-58;  NGA Pound-Naira 1918, 1958     
Printer: De La Rue

The Government of Southern Nigeria

sngN.1P.UNL10Shillings1.9.1909RK.jpg
N.1, P.UNL  10 Shillings 1.9.1909
123x64 mm   RK
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Back
 
  sngN.2P.UNL1Pound1.9.1909RK.jpg
N.2, P.UNL  1 Pound 1.9.1909
  142x80 mm  RK
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  Back 
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Back
 
  sngN.1N.2P.UNL10Shillings1Pound1.9.1909RKr.jpg
10/-, ₤1 Reverse 1
123x64 mm  RK
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Back
 
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  10/-, ₤1  Reverse 2
123x64 mm
 RK
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N.3, P.UNL  5 Pounds 1.9.1909
 
160x97 mm  RK
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Back
 
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Back
 
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₤5/₤10 Reverse
160x97 mm
 RK
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N.4, P.UNL  10 Pounds 1.9.1909
180x115 mm  RK
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Back
 
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Back
 
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5 - 10 Pounds Reverse
180x115 mm  RK
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N.5, P.UNL  50 Pounds 1.9.1909
207x133 mm  RK
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Back
 
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Back
 
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50 Pounds Reverse 1
207x133mm  RK 
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Back
 
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50 Pounds Reverse 2
207x133mm   RK
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Back
 
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50 Pounds Reverse 3
207x133mm  RK
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N.5, P.UNL  50 Pounds 1.9.1909 underprint   RK
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Back
sngN.10watermarkpaperwithtextredRK.jpg
Watermark paper with text - red  RK
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Watermark paper with text - purple   RK
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Watermark paper with text - yellow  RK
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Watermark paper with text - blue  RK
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Watermark paper - white with design
 RK

BACKGROUNDER

COLONY & PROTECTORATE OF SOUTHERN NIGERIA
1901 Proposed Banknote PROOFS

Southern
Nigeria  is not a country listed in any coin or banknote numismatic catalogs. If you also collect postage stamps, you can find stamps for this colony issued from 1901-1913. Thanks to an avid banknote numismatic researcher, The Colony and Protectorate of Southern Nigeria has  now been listed in the Numismondo World Paper Money Picture Catalog. Our listing above includes 12 different Proof  banknotes and the original correspondence between Mr. Thomas DeLaRue, Director of the printing company and Southern Nigeria High Commissioner, Sir Walter Egerton K.C.M.G. who was resident in Dorchester, England. Egerton never took office in Lagos as he had an acting High Commissioner, James Jamieson Thorburn, resident in Southern Nigeria.

Southern Nigeria (1900 - 1914) was a British Protectorate formed by amalgamating the
Niger Coast Protectorate with territories
chartered
by the Royal Niger Company below Lokoja on the Niger River. The Lagos colony was later added in 1906 and the territory was
officially
renamed the Colony and Protectorate of Southern Nigeria. (1)


The British pound sterling was the official currency of the new colony. It has been reported in several publications that the British West African pound was used in
Southern Nigeria from 1913-14, however, the West Africa Currency Board did not begin issuing their banknotes until 1916, it is there for assumed  that the British
pound continued use until 1916.
The Colony used the BWA Pound from 1916 - 58 with the exception of an emergency WWI issues by the Nigeria Government in
1918. The Nigeria Pound-Naira began in 1958 and continues today.

In 1909, the researcher found a proposal to Introduce a new currency for the Southern Nigeria Colony & Protectorate. An order was given to British banknote printing
company De La Rue. The result of the proposal for these new banknotes consists of a 2 page letter from the Director of De La Rue,
addressed to Sir Walter Egerton K.C.M.G, Governor of Southern Nigeria (1904 - 1912), explaining the details of the proposed
notes for Southern Nigeria. It contained the designs of front and back of all
proposed denominations, with additional different
back designs, example of underprint and watermark papers in different colors.
In total there are 20 items contained in this lot and
becomes a full set with letter and all the contents, as mentioned in the letter,
without any missing items.

From the correspondence it appears that the five denomination set of banknotes was in an advanced stage of development. It was
awaiting approval of the reverse designs from several possible submitted designs which included a hippopotamus with its mouth
wide open, a hippo side view and some various colour features. During this period of banknote history there was not much in terms
of security features except for watermarks. TdlR proposed a new "protective overprint....guarding them against forgery by photography
or direct transfer to stone." They also included 5 different coloured papers with watermark for consideration.
Mr. DeLaRue requested a
fee of ₤635 to perform  the engraving of the plates - a paltry sum in today's terms! It was very interesting to read all of the original
correspondence and to see the resulting designs, none of which would ever materialize into issued banknotes.

This proposal never got beyond the proposal stage because of
disputes between the Colonial government and the Treasury over the silver signorage privileges
enjoyed by the British Bank of West Africa.
In 1916 the British West Africa Currency Board issued its first banknotes obviating the need for Southern Nigeria
banknotes, with these PROOFS languishing in the vaults of De La Rue for over 100 years before discovery.

All the items are original and certified by PCGS with grades ranging from 58 AU to 64 UNC. These are 100+ years old, directly from the archives of the printer. There
is no information found or recorded anywhere about this proposal and none of the paper money catalogs list a country called SOUTHERN NIGERIA. "This lot
represents a missing numismatic history and is clearly a national Nigerian treasure" as stated by the researcher.

We gratefully acknowledge  Ramkumar for submitting these original images and the wonderful historic story surrounding their preparation.                      6.8.2016 GSE


ACKNOWLEDGEMENT
RK  We gratefully acknowledge Ramkumar 
for submitting the images
and information used in this section.