History of South Georgia and the South Sandwich Islands in the Arctic claiming Jan Mayen and Sverdrup Islands, but also in Antarctica. Norway claimed Bouvet Island and looked further south, formally inquiring with Foreign Office about the international status of the area between 45° and 65° south latitude and 35° and 80° west longitude. Following a second such diplomatic démarche by the Norwegian Government dated 4 March 1907, Britain replied that the areas were British based on discoveries made in the first half of the 19th century, and issued the 1908 Letters Patent incorporating the British Falkland Islands Dependencies with a permanent local administration in Grytviken established in 1909.
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