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 Most of the information we know about the Sino-Scandinavian Bank comes from Bjørn R. Rønning’s unpublished master’s thesis ‘Sino-Scandinavian Bank (1921-ca.1927) En norsk bank i Kina?’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

If you would like to leave a comment click on the title

Filed under: Uncategorized, , , , , , , , ,

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.

If you would like to leave a comment click on the title

Filed under: Money in Africa, Research, , , , ,

Receive notifications of new posts by email.

Join 10,209 other followers

Categories

Follow @britishmuseum on Twitter

British Museum on Instagram

This is Room 56, the Raymond and Beverly Sackler Gallery of Mesopotamia 6000–1500 BC. It's the next in our gallery series for #MuseumOfTheFuture. Between 6000 and 1550 BC, Mesopotamia, the land between the Tigris and Euphrates rivers (now Iraq, north-east Syria and part of south-east Turkey) witnessed crucial advancements in the development of human civilisation during the evolution from small agricultural settlements to large cities.
Objects on display in Room 56 illustrate economic success based on agriculture, the invention of writing, developments in technology and artistry, and other achievements of the Sumerians, Akkadians and Babylonians, who lived in Mesopotamia at this time.
Objects found at the Royal Cemetery at Ur are of particular importance, and you can see the Royal Game of Ur in the foreground of this picture – the oldest board game in the world. Our next #MuseumOfTheFuture gallery space is Room 55, the Raymond and Beverly Sackler Gallery of Mesopotamia 1500–539 BC. The civilisations of Babylonia and Assyria flourished during the first millennium BC. Political developments resulted in the incorporation of the entire Near East into a single empire, while increased international contact and trade influenced the material culture of the region.
Room 55 traces the history of Babylonia under the Kassites and the growth of the Babylonian state and empire until it was taken over by the Persian King Cyrus in 539 BC.
'Boundary Stones' carved with images of kings and symbols of the gods record royal land grants. The development of the Assyrian state and empire, until its fall in 612 BC, is illustrated by objects excavated in its palaces. Mesopotamia’s highly developed literature and learning are demonstrated by clay tablets from the library of King Ashurbanipal (r. 668–631 BC) at Nineveh, written in cuneiform script. It's time for Room 54 in our #MuseumOfTheFuture gallery series – the Raymond and Beverly Sackler Gallery of Anatolia and Urartu 7000–300 BC. Ancient Anatolia and Urartu form an important land link between Europe and Asia and lie where the modern Republic of Turkey, Armenia, Georgia and north-west Iran are located today. Objects in Room 54 show different cultures from prehistoric to Hellenistic times.
Examples of Early Bronze Age craftsmanship on display include a silver bull and cup, and business archives of Middle Bronze Age merchants illustrate trading between central Anatolia and Mesopotamia (modern Iraq). Delicate gold jewellery and figurines date from the Hittite period, and Iron Age objects from Urartu include winged bulls and griffins that were used to decorate furniture. Next in our #MuseumOfTheFuture series of gallery spaces it's Room 53, the Raymond and Beverly Sackler Gallery of Ancient South Arabia. Ancient South Arabia was centred on what is now modern Yemen but included parts of Saudi Arabia and southern Oman. It was famous in the ancient world as an important source of valuable incense and perfume, and was described by Classical writers as Arabia Felix ('Fortunate Arabia') because of its fertility.
Several important kingdoms flourished there at different times between 1000 BC and the rise of Islam in the 6th century AD. The oldest and most important of these was Saba, which is referred to as Sheba in the Bible.
Room 53 features highlights from the Museum’s collection, which is one of the most important outside Yemen. The display includes examples of beautiful carved alabaster sculptures originally placed inside tombs, incense-burners and a massive bronze altar. You can see the East stairs in the background of this picture. We've reached Room 52 on our #MuseumOfTheFuture series of gallery spaces – the Rahim Irvani Gallery of Ancient Iran. Iran was a major centre of ancient culture. It was rich in valuable natural resources, especially metals, and played an important role in the development of ancient Middle Eastern civilisation and trade. Room 52 highlights these ancient interconnections and the rise of distinctive local cultures, such as in Luristan, during the age of migrations after about 1400 BC.
During the 6th century BC, Cyrus the Great founded a mighty Persian empire which eventually stretched from Egypt to Pakistan. Objects on display from this period include the Cyrus Cylinder (in the centre of the picture) and the Oxus Treasure (in the case to the left of the picture). Monumental plaster casts of sculptures from Persepolis are also displayed in Room 52 and on the East stairs.
The later periods of the Parthian and Sasanian empires mark a revival in Iranian culture and are represented through displays including silver plates and cut glass. The next gallery space in our #MuseumOfTheFuture series is Room 51, Europe and Middle East 10,000–800 BC. Farming began in the Middle East around 12,000 years ago, making possible the social, cultural and economic changes which shaped the modern world. It arrived in Britain around 6,000 years ago bringing a new way of life. This change in lifestyle meant people competed for wealth, power and status, displaying these through jewellery, weapons and feasting.
The objects on display in Room 51 show how the people of prehistoric Europe celebrated life and death and expressed their relationship with the natural world, the spirit world and each other. The object in the centre of this picture is the Mold gold cape, found in Flintshire in 1833 and dating to around 1900–1600 BC.
Follow

Get every new post delivered to your Inbox.

Join 10,209 other followers

%d bloggers like this: