Kings Bay #484

The note was issued by Kings Bay. Kings Bay AS was established in 1916 under the name Kings Bay Kull Compani A/S (KBKC) by a group of businessmen from Ålesund seeking to exploit the coalfields near Ny-Ålesund in Svalbard. The Norwegian government assumed control of the company in 1933. Mining operations ceased in 1963. Nominal value: 10 øre, a common denomination The note has only been signed by Arne Brøgger *. Brøgger never served as a company secretary in Svalbard but as a manager and commercial director. The signature is unclear, almost illegible - with an indecipherable squiggle. The note has not been signed by the chairman of the board. Perhaps it had been stolen?