On 22 November 1928 the Bank issued notes for ten shillings and one pound for the first time when the Bank took over responsibility for these denominations from the Treasury which had issued notes of these denominations three days after the declaration of war in 1914 in order to remove gold coins from circulation.
In 1928, the Bank began issuing notes worth ten shillings and one pound for the first time, replacing the Treasury's notes that had been circulating since 1914 when they were introduced to replace gold coins during wartime.