Bouvet Island island was claimed for the British Crown by George Norris, who named it Liverpool Island. He also reported Thompson Island as nearby, although this was later shown to be a phantom island. The first "Norvegia" expedition landed on the island in 1927 and claimed it for Norway. At this time the island was named "Bouvet Island", or "Bouvetøya" in Norwegian. After a dispute with the United Kingdom, it was declared a Norwegian dependency in 1930. It became a nature reserve in 1971. The island was discovered on 1 January 1739 by Jean-Baptiste Charles Bouvet de Lozier, commander of the French
Pound sterling in the South Atlantic and the Antarctic Pound sterling in the South Atlantic and the Antarctic The United Kingdom possesses a number of islands in the South Atlantic Ocean as well as a section of the Antarctic continent. These territories are St. Helena with Ascension Island and Tristan da Cunha, the Falkland Islands, South Georgia and the South Sandwich Islands, and the British Antarctic Territory. The official currency in these territories is either Pound sterling or a local currency that evolved from sterling and is at a fixed one-to-one parity with sterling. Until 1929–1930, when the Australian pound and New Zealand pound ceased to be at parity