Chief Cashier of the Bank of England

In 2004 a new post was created, Executive Director of Banking & Chief Cashier, incorporating the title.

This meant that the note could be redeemed at the Bank for gold or coinage by anyone presenting it for payment.

The £ sign and the first digit were printed but the cashier’s signature along with the name of the payee and other numerals were added by hand.

The practice of writing the name of the Chief Cashier as the payee on notes was halted in favour of the anonymous "I promise to pay the bearer on demand the sum of …", a feature that has remained unchanged on notes to this day.

[3] Listed below are the names of people who have held the post of Chief Cashier at the Bank of England:[4]