Bank of England note issues England Mark Carney announced that a newly designed £10 banknote, featuring novelist Jane Austen, would be issued in 2017. The campaign for a woman to appear celebrated the choice as "a brilliant day". The date of issue was subsequently confirmed as 14 September 2017. Like the £5 note featuring Churchill, the new £10 note is made from polymer rather than cotton paper. It depicts: £20 notes, in white, appeared in 1725 and continued to be issued until 1943. They ceased to be legal tender in 1945. After World War II, the £20 denomination did not reappear until 1970, when the
Legal tender banks authorised to issue bank notes must redeem them on demand for gold (the gold standard). In 1933, the Coinage Act created a specific New Zealand coinage and removed legal tender status from British coins. In the same year the Reserve Bank of New Zealand was established. The bank was given a monopoly on the issue of legal tender. The Reserve Bank also provided a mechanism through which the other issuers of legal tender could phase out their bank notes. These banknotes were convertible into British legal tender on demand at the Reserve Bank and remained so until the 1938