£100 note to mark Queen's Jubilee

On the same day that one of Jersey’s oldest firms, Le Gallais, announced that it was going out of business, the States agreed by 34 votes to eight to print the commemorative bank note.

Treasury Minister Philip Ozouf said that the £256,000 project would pay for itself, and that the 2012 limited-edition note bearing Jersey’s holographic portrait of the Queen would create good publicity for the Island.

Members were told that cancelling the project would mean writing off £50,000 that the Treasury department had already spent on the project.