The first banknotes issued by the ZAR Government during the Boer War were emergency notes dated 28.5.1900 essentially for the payment of Boer Government officials and military supplies. They were issued At PRETORIA under ZAR Law No.1 which the British repudiated immediately (proclamation No.8) saying they would not be recognised except as evidence of war losses. The British later relented and honoured notes passed by the Central Judicial Commission.
They did not circulate long in Pretoria. Ten days later on June 5 1900 the British marched through the capital town with their bayonets fixed and the Boers elected not to engage in a pitched battle and retired to Machadodorp and then to Pietersburg (where a second issue of notes was made).
All Pretoria notes were hand-signed by J.S. Marais, auditor-General, and N.S.Malherbe, Treasurer General. The wording on the front of the notes reads: "The Government of the South African republic promises to pay the bearer of this note £100 pound sterling, according to law No.1, 1900, of which articles 2 and 3 are printed on the reverse of this note. This note is guaranteed by all fixed properties of the State as defined in Law No.1"
One Pound in VF/EF
Five Pound in EF (Earlier note)
Ten Pound in EF
Twenty Pound in EF
Fifty Pound in VF/EF
The common reverse - zoom in on text below
Click on image above to see text on reverse of bank notes
More on the Boer War Bank Notes at this link
Value in 2005: The 1900 ZAR £1, £5 and £50 bank notes are highly sought after - valued at over US$1,000 in Unc. Rarely seen on auction.
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