This question is answered on the Bank of England website.
See the page "Guidelines for Reproducing Bank of England
Notes in Advertisements and Illustrations"
http://www.bankofengland.co.uk/banknotes/repoguide.htm
I quote the first paragraph from that page below.
"The Bank restricts reproductions of its notes because it
needs to ensure that reproductions cannot be used to
defraud the public. The bank is also concerned about the
context in which its notes are reproduced, especially if
the Queen's portrait is distorted or shown in offensive
surroundings. The reproduction of notes requires the prior
consent of the Bank in writing by reason of Section 18(1)
of the Forgery and Counterfeiting Act 1981. The Bank also
owns the copyright in its notes."
There is a lot more information about whom to contact for
permission, conditions under which they might allow
reproduction etc. at the above-mentioned page.
Roy Davies
History of Money from Ancient Times to the Present Day
http://www.ex.ac.uk/~RDavies/arian/llyfr.html
On Fri, 26 May 2000 14:26:52 +0100 Adam Edwards
<[log in to unmask]> wrote:
> A student here is wanting to make prop bank notes. He wanted to simply copy
> a few £5.00 notes.
>
> We are sure this is not legal as it could be seen as forgery and advised him
> to design his own.
>
> Curiosity leads us to seek what the legal position is.
>
> Advice is most welcome,
>
> Many thanks
>
> Adam
>
> J. Adam Edwards
> Head of Learning and Information Services
> And Convenor - UK Libraries Plus
> Central School of Speech and Drama
> Embassy Theatre
> 64 Eton Ave
> LONDON
> NW3 3HY
>
> Tel: 020 7559 3995
> Fax: 020 7722 4132
> Email: [log in to unmask] <mailto:[log in to unmask]>
> Internet: http://www.cssd.ac.uk <http://www.cssd.ac.uk>
> UK Libraries Plus http://www.lisa.sbu.ac.uk/uklibrariesplus
> <http://www.lisa.sbu.ac.uk/uklibrariesplus>
>
>
>
----------------------
Roy Davies
University of Exeter
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