Important British, Scottish and World Paper Money

Imperial Government, Treasury Bill for Five Hundred Thousand Pounds, 1 February 1917, no. 05, unissued, payable in London at Messrs. Baring Brothers & Co Ltd. About extremely fine (£1,000-1,500)

The Imperial government traditionally raised external loans through London and in 1915 and 1916 had sourced over £180 million, largely to finance the cost of War