 "The Independent (London, England)")
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Who was Adam Smith, and does he deserve to be on our banknotes?(EDITORIAL & OPINION)
From:
The Independent (London, England)
| Date:
October 31, 2006
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Byline: MARY DEJEVSKY
The Governor of the Bank of England, Mervyn King, has announced that a portrait of Adam Smith will feature on a redesigned PS20 banknote, to come into circulation next year. He is said to be the first Scot to be so honoured, although he is already on the PS50 note issued by the Bank of Scotland. He replaces the composer, Sir Edward Elgar, who has been the face of PS20 since 1999. The note will also show a picture of a pin-making factory and summarise Smith's conclusions on the benefits of the division of labour.
Yes. Notes wear out, and a new design ...
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