Wartime Currency and Colonial Legacy: The 1943 Malta 1 Shilling Banknote

In the midst of World War II, Malta stood as a strategic stronghold in the Mediterranean—a heavily bombed yet fiercely resilient island under British rule. Amid rationing, military operations, and civilian hardship, the island’s currency reflected both its colonial ties and wartime urgency. One such artifact is the 1943 Malta 1 Shilling banknote, catalogued as Pick# 16—a compact yet powerful symbol of endurance, governance, and royal authority.

A Portrait of Empire: King George VI

The obverse of the note features a finely engraved portrait of King George VI, the reigning monarch during WWII. His image served not only as a symbol of British sovereignty but also as a reassuring presence during a time of global instability. For Maltese citizens, this note was more than a medium of exchange—it was a daily reminder of their connection to the Crown and the broader war effort.

Issued by the Government of Malta, the note’s design is utilitarian yet dignified. The text “One Shilling” appears in bold, framed by ornate border detailing. The printed signature of the Colonial Treasurer adds administrative authenticity, while bilingual elements reflect Malta’s unique cultural and linguistic heritage.

Designed for Urgency: Wartime Simplicity

Unlike more elaborate banknotes of peacetime, the 1943 1 Shilling note was designed with practicality in mind. The reverse is blank—a common feature of emergency issues where speed and cost-efficiency were paramount. Printed by Thomas De La Rue & Co. in London, the note was part of a broader effort to stabilize Malta’s economy during wartime disruptions.

Security features were modest but effective for the era: a watermark (typically a crown or profile of King George VI), fine-line engraving, and durable paper stock. These elements ensured the note could withstand circulation while deterring counterfeiting in a high-risk environment.

Historical Context: Malta in WWII

Malta’s role in World War II cannot be overstated. Positioned between Europe and North Africa, the island was a key base for Allied operations and a target of relentless Axis bombing campaigns. In 1942, King George VI awarded Malta the George Cross for bravery—a rare honor that underscored the island’s strategic and symbolic importance.

The issuance of local currency during this period was both a logistical necessity and a political statement. It reinforced British control while supporting the local economy under siege. The 1 Shilling note, though modest in denomination, is a direct link to this chapter of resilience and resistance.

Why Collect the 1943 Malta 1 Shilling Note?

For collectors, this note offers a unique blend of historical, political, and numismatic value:

Wartime Provenance: Issued during WWII, reflecting Malta’s critical role in the conflict

Colonial Heritage: A rare example of British governance in the Mediterranean

Royal Symbolism: Features King George VI, adding regal depth to any collection

Emergency Design: A utilitarian note with minimalist aesthetics and historical weight

Scarcity and Appeal: Increasingly rare, especially in well-preserved condition

Final Thoughts

The 1943 Malta 1 Shilling banknote is more than just currency—it’s a wartime artifact, a colonial relic, and a tribute to a nation’s endurance. Whether you’re building a collection focused on WWII, British Commonwealth issues, or royal portraiture, this note offers a compelling story in a compact format.

Explore more rare British colonial banknotes at Notescounter, where history meets authenticity in every listing.