Bank of England note issues was decided to replace the 10/- note with the 50p coin. The ten-shilling note was withdrawn from circulation on 20 November 1970 following the introduction on 14 October 1969 of the fifty pence coin. The first Bank of England £1 note was issued on 2 March 1797 under the direction of Thomas Raikes, Governor of the Bank of England, and according to the orders of the government of William Pitt the Younger, in response to the need for smaller denomination banknotes to replace gold coin during the French Revolutionary Wars. The Bank of England's first £1 note since 1845 was
Northern Bank £5 note Northern Bank £5 note The Northern Bank £5 note was a banknote issued by Northern Bank for circulation in Northern Ireland, United Kingdom. It was the smallest denomination note issued by the bank and was not legal tender outside Northern Ireland. Following the takeover of Northern Bank by Danske Bank in 2004, production of the note ended and it was slowly removed from circulation. In October 1999 a special polymer version featuring an illustration of the Space Shuttle was issued in celebration of the millennium. It was the first polymer banknote used in the United Kingdom. After the Northern Bank