British Museum blog

A Viking ship on a Chinese note

banknoteHelen Wang, curator, British Museum

‘There are Viking ships on Chinese banknotes’ I said to Gareth Williams, curator of the BP exhibition Vikings: life and legend, thinking that I could easily research them before the exhibition. After all, these notes were issued in the 1920s by the Sino-Scandinavian Bank, one of the many foreign and joint-venture banks in China at the time. But it has turned out to be more demanding than I expected, thrown up a number of interesting questions along the way, and what follows is by no means the full story.

5 yuan note issued by the Sino-Scandinavian Bank (CM 1979,1039.18)

5 yuan note issued by the Sino-Scandinavian Bank (CM 1979,1039.18). View a larger version

The Sino-Scandinavian Bank was given its charter by the Chinese government on 21 July 1921, and began operating on 7 January 1922. It was actually a Chinese-Norwegian joint venture, with the larger part of the funding coming from Chinese sources, and a smaller part from Norwegian investors. The Bank’s first notes are dated 1922, but the majority that have survived (about 30 different types) were probably issued after 1924. The bank appears to have gone bankrupt sometime in 1926 or 1927. Most of the information we know about the Sino-Scandinavian Bank comes from Bjørn R. Rønning’s unpublished master’s thesis ‘Sino-Scandinavian Bank (1921-ca.1927) En norsk bank i Kina?’ (Hovedoppgave i historie ved Universitetet i Oslo, våren 1979). Unfortunately, my Norwegian’s not up to reading it in its entirety in the original, and for the time being I’m indebted to Jan Eriks Frantsvåg’s English summary and images on his website.

Like most of the paper money issued by foreign and joint-venture banks in China in the late nineteenth and early twentieth century, this note aims to serve both Chinese and foreign users. At first glance, the Chinese and English sides look bilingual. But a closer look reveals lots of things that don’t quite add up.

Let’s start with the name of the bank. In Chinese this reads Hua Wei yinhang 華威銀行. This translates as the Sino-Norwegian Bank (or Chinese-Norwegian Bank). The first character hua 華 (magnificent) is often used when referring to China. The second character wei 威 (power) is from the Chinese term Nuowei 挪威 (i.e. Norway). The last two characters yinhang 銀行 are the usual term for ‘bank’. It’s interesting that the Chinese and English names aren’t an exact match. I wonder who decided the two names? The Chinese name is a more accurate reflection of the nationality of the investors. On the other hand, wei is much more meaningful (and auspicious) than any of the other characters in Sikandinaweiya 斯堪的納維亞, which is a bit of a mouthful in Chinese. But in English, the Sino-Scandinavian Bank sounds better than the Sino-Norwegian Bank, even if it is more ambitious in meaning.

The images are different too: a scene of Beihai Park in Beijing on the Chinese side, and the Viking ship on the English side. Beihai Park was once an imperial garden, but opened to the public in 1925 (according to the park’s website), three years after the date printed on the notes. The Viking ship was chosen to represent Norway/Scandinavia, an iconic symbol that works very well here (much better than a polar bear, which, according to Jan Eriks Frantsvåg, was one of the motifs originally planned for these notes.

The denomination is also interesting. The Chinese side has ‘five yuan in national currency’ printed in brown below the image, and the English side simply ‘five yuan’. The five black rosettes overstamped just below the denomination obscure the letters PEKING, and the black overstamps on the images inform us that there was a change in use to ‘Yungchi currency’ (in Chinese: ‘for circulation in Yungchi’). Yungchi (pinyin: Yongqi) literally means ‘Yong 7′ and refers to an administrative region encompassing Yongping and six other counties in Hebei province in north China. The name of Changli, one of those counties, is overstamped in black above the image, but only on the Chinese side. Yungchi and ‘Yungchi currency’ are not familiar terms, and it’s interesting to see such local references on a joint-venture banknote.

As we might expect, given the different cultural traditions, the English side has personal signatures in black, and the Chinese side has red seal impressions of authority. However, while it was standard practice to put seal impressions on notes issued by Chinese banks, it was not consistently the practice to do so on notes issued by joint-venture banks.

The signatories were J.W.N. Munthe and Fartsan T. Sung, who were very well connected with the Chinese military and government. Johan Wilhelm Normann Munthe (1864-1935) was Norwegian. Born in Bergen in 1864, he moved to China in 1886 and spent the rest of his life there. He worked for the customs service, and eventually became a general in the Chinese army. He participated in the Sino-Japanese War (1894) and the Siege of Peking (Boxer Rebellion) in 1900. He also collected Chinese art and antiquities, many of which he donated to the Vestlandske Kunstindustriemuseum in Bergen.

Fartsan T. Sung (pinyin: Song Faxiang宋發祥 (1883-?) was Chinese. Born in Fujian, he went to the USA in 1900, and studied science at Ohio Wesleyan College and Chicago. After returning to China in 1907, he held a number of important government positions before the 1920s. He was Technical Expert of the Ministry of Finance, Co-Director of the Ministry’s Assaying Office, Director of the Soochow (pinyin: Suzhou) Mine, Co-Director of the Bureau of Printing and Engraving, Inspector General of Mints, Director-General of the Nanking (pinyin: Nanjing) Mint, private English secretary to President Feng Kuo-chang (pinyin: Feng Guozhang 馮國璋, 1859-1919) and political advisor to the President’s Office. He was a ‘councillor-at-large’ of the Ministry of Finance in 1920, and again from 1922-1924, during which time he was elected a Member of the Commission for the Consolidation of Domestic and Foreign Debts (1923). He co-founded the Sino-Scandinavian Bank in the spring of 1921 and became manager of its Peking office in 1924. From 1928 he was serving in Chinese consular offices overseas: in Southeast Asia between 1928 and 1937, and in Vienna between 1938 and 1940. I haven’t been able to trace him beyond this.

There are a lot of interesting things about this banknote that don’t quite add up at the moment, not least why we have the signatures of two extremely well-connected men on notes being used in a very local area. It’s curious that the Sino-Scandinavian Bank does not appear in the beautifully illustrated bilingual catalogue Currencies in Old Shanghai (老上海貨幣, Shanghai, 1998). And even more curious that the great expert on Chinese banking, Eduard Kann (1880-1962) did not include the Sino-Scandinavian Bank in his list of foreign and joint-venture banks in China. Kann started his career in a British bank in China in 1901, moved to the Russo-Asiatic Bank, the French Banque Industrielle de Chine and the Chinese-American Bank of Commerce before becoming an independent bullion-broker in Shanghai in the 1930s (the British Museum acquired his superb collection of almost 200 silver ingots in 1978), so we might expect him to have heard of it.

Perhaps there is more to this Chinese note with a Viking ship than meets the eye?

The BP exhibition Vikings: life and legend is at the British Museum until 22 June 2014.
Supported by BP
Organised by the British Museum, the National Museum of Denmark, and the Museum für Vor- und Frühgeschichte, Staatliche Museen zu Berlin
Tweet using #VikingExhibition and @britishmuseum

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Finding out how money actually works


Maxim Bolt, researcher, British Museum

I am the anthropologist on the British Museum’s Money in Africa project. I have come to Malawi, in central-southern Africa, to explore how money actually works – in action, outside the glass-fronted cases of our gallery in the Museum.

Maxim Bolt, right, conducting research in Southern Africa on a previous project

Maxim Bolt, right, conducting research in Southern Africa on a previous project

Living and spending time with people in Blantyre, the country’s economic hub, I am learning about how people handle their cash. And, in a country where more and more people have bank accounts, I am learning what people use them for.

This might all sound obvious, but here are a few quick first impressions that point to differences from what UK readers might be familiar with. The highest value banknote – 500 Malawian Kwacha (MK500) – is big, colourful, covered in elaborate security features, and often brand new. It looks and feels high value. But it is worth about £2, and large payments involve thick wads of notes (plastic cards are almost never used). Meanwhile, although the cost of a newspaper is MK200, people use the battered MK20 and MK50 notes all the time. Public transport in mini-buses, for example, costs MK50 or MK70. As I quickly discovered, all this means a lot of paper.

And bank accounts? Considering all the paper, it is maybe unsurprising that, for some businesspeople I have met in Blantyre’s poorer, high-density urban areas, bank accounts offer protection against losing everything in a household fire, or a robbery. For others, bank accounts take all of those banknotes out of the everyday politics of family life. As I get to know these and other people better during my three months here, I hope to discover more about their concerns and goals. And I hope to understand the effects of people taking their cash out of their homes and businesses.

My research in its early days has taken me to poor urban areas and wealthy suburbs, to the streets of the city centre and to a peri-urban settlement (a settlement adjoining an urban one) built on the steep banks of a small stream. As I gradually learn more about the everyday realities of money in Malawi, I will be updating this blog, and would welcome any comments or questions. Hopefully, my posts will give you a sense of how wide-ranging the British Museum’s research is.

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This is Room 69, Greek and Roman life. It's the next gallery space in our #MuseumOfTheFuture series.
Room 69 takes a cross-cultural look at the public and private lives of the ancient Greeks and Romans. The objects on display have been chosen to illustrate themes such as women, children, household furniture, religion, trade and transport, athletics, war, farming and more. Around the walls, supplementary displays illustrate individual crafts on one side of the room, and Greek mythology on the opposite side. This picture is taken from the mezzanine level, looking down into the gallery. The next gallery in our #MuseumOfTheFuture series is Room 68, the Citi Money Gallery. The history of money can be traced back over 4,000 years. During this time, currency has taken many different forms, from coins to banknotes, shells to mobile phones.
The Citi Money Gallery displays the history of money around the world. From the earliest evidence, to the latest developments in digital technology, money has been an important part of human societies. Looking at the history of money gives us a way to understand the history of the world – from the earliest coins to Bitcoin, and from Chinese paper money to coins from every nation in the world. You can find out more about what's on display at britishmuseum.org/money The next gallery in our #MuseumOfTheFuture series is Room 67: Korea. The Korea Foundation Gallery is currently closed for refurbishment and will reopen on 16 December 2014. You can find out more about the refurb at koreabritishmuseum.tumblr.com  The unique culture of Korea combines a strong sense of national identity with influences from other parts of the Far East. Korean religion, language, geography and everyday life were directly affected by the country’s geographic position, resulting in a rich mix of art and artefacts.
Objects on display in Room 67 date from prehistory to the present day and include ceramics, metalwork, sculpture, painting, screen-printed books and illuminated manuscripts.
A reconstruction of a traditional sarangbang, or scholar’s study, is also on display and was built by contemporary Korean craftsmen. This is Room 66, Ethiopia and Coptic Egypt. It's the next gallery space in our #MuseumOfTheFuture series.
By the 4th century AD, Christianity was flourishing in both Egypt and Ethiopia. Christian Egyptians became known as the Copts (from the Greek name for Egyptians) and the church maintained strong links with its Ethiopian counterparts. Since antiquity, Ethiopia had been a major trade route, linking Egypt and the Mediterranean with India and the Far East.
The resulting history of cultural exchange and religious diversity is illustrated through objects in Room 66, which reflect the faiths and identities which coexisted in Egypt and Ethiopia. Objects from towns, monasteries and settlements range from decorated textiles and architectural elements to sculpture and ceramics. It's time for our next #MuseumOfTheFuture gallery. This is Room 65, the Raymond and Beverly Sackler Gallery of Sudan, Egypt and Nubia. Ancient Nubia, the Nile Valley upstream of the First Cataract, now straddles the border between Egypt and Sudan. Rich and vibrant cultures developed in this region at the same time as Pharaonic Egypt. Among them was the earliest sub-Saharan urban culture in Africa, which was based at Kerma.
These cultures traded extensively with Egypt and for two brief periods Nubian kingdoms dominated their northern neighbour.
The objects on display in Room 65 illustrate these indigenous pagan, Christian and Islamic cultures and the interaction between Nubia and Egypt. This is our next gallery space in the #MuseumOfTheFuture series. It's Room 64, the Raymond and Beverly Sackler Gallery of Early Egypt. Rapid advances in the technology and social organisation of Egypt during the 5th millennium BC produced a material culture of increasing sophistication. Further innovations followed in about 3100 BC when the separate Predynastic peoples of Upper and Lower Egypt were united under a single ruler. The resulting increase in wealth and strong central control led to dramatic achievements in architecture, writing and fine goods, culminating in the building of the Great Pyramids of Giza in around 2600 BC.
Objects on display in Room 64 illustrate the cultural, technological and political development of early civilisation in Egypt throughout this period. In this picture you can see Gebelein Man, a mummy who was naturally preserved in the desert sands, and who used to have the unofficial nickname of Ginger (although the Museum doesn't use this name). In the background you can see an interactive virtual autopsy of the mummy which was installed in the newly refurbished gallery last year.
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