Fanning Island, known locally as Tabuaeran, it  is one of the main Line Islands located about 1,600 miles east of Tarawa and about 150 miles north west of Christmas Island, now part of Kiribati.

The Fanning Island Plantations, Limited issued a 1£ banknote to alleviate a shortage of Australian dollars. According to World War II Remembered, "... in 1942 an American army task force moved onto the island......soldiers rapidly absorbed the available supply of Australian currency in circulation." A quantity of 3,000 banknotes were ordered printed in Honolulu by plantation manager R. G. Garrett but not all may have been issued.  According to a specialist in these items "very few were probably issued as complete notes but were later cut in half and used as theatre tickets. We are pretty sure but not positive that the numbers on the notes started at 1000. Therefore the original shipment probably had serial numbers from 1000 to roughly 4000."

The left half of the bi-sected note was hand written with the value of 1 Shilling (1/-) while the right half became a 2 Shilling (2/-) value. These theater tickets are scarce, however the complete un-bisected notes are rare with only about 33 pieces identified *. One of the reported pieces, serial No.1437 has recently come on the auction block at Lyn Knight Currency Auctions as lot #131 with an estimated value of $400 - $600 and an opening bid of $200. Ruth W. Hill Collection had a complete  note which sold for $8,812.50 USD,  including commissions on  24.4.2014 at Heritage World Currency Auctions.

Fanning was discovered on 11.6.1798 by Edmund Fanning, at 3 a.m., while he was on his way to China. It remained unpopulated until 1846 when British Tahitians, Lucett and Collie landed with a group of natives to harvest coconuts. They laid claim to the island and later sold the rights in 1851 to C.B.Wilson who later sold it to Captain Henry English. On 7.4.1857 English received consent from the British Consul in Honolulu to hoist the British flag on the island. Formal possession of the island was taken in 1861 by HMS Alert and annexation by HMS Caroline took place in 1888 when plans were being drawn up to lay a cable across the Pacific.

 The Station buildings, Pacific Cable Board, Fanning Island

Kenneth P. Emory describes (in 1934 and 1939) stone ruins, adzes, a fishhook and other ethnological specimens found on Fanning Island. He concludes that the island was populated by people from Tonga about the 15th century. Captain Fanning's narrative of near shipwreck and his description of the island make good reading. Several whalers visited Fanning Island. One commanded by Captain Mather, called it American Island in 1814. An account of the island is given by Captain Legoarant de Tromelin, of the French corvette La Bayonnaise, which visited the island in 1828. At least four vessels arrived at Honolulu from Fanning between 1843 and 1853.

A short time prior to 1855, Captain Henry English, with 150 natives from Manihiki (Humphries) Island, settled on Fanning and commenced the production of coconut oil. He placed the island under British protection when Captain W.H. Morshead visited it in H.M.S. Dido, October 16, 1855. Shipping records in The Friend, The Polynesian, and The Gazette (all published in Honolulu) give some idea of the amount of coconut oil produced. In 1859 two vessels arrived at Honolulu with 15,000 gallons; in 1860, one vessel with 10,000 gallons; 1861, three vessels with 30,000 gallons; 1862, four vessels with 44,000 gallons; and 1863, four vessels with 10,800 gallons.

About 1857, a whaling ship brought to Fanning an Ayrshire Scotsman, William Greig. A short time later he was joined by an American, George Bicknell. Both married native islanders. Greig's wife was Teanau Atu (1842-1917), sister of the king of Manihiki. Both men died on Fanning, Greig on July 17 1892. The three sons of Greig remained on Fanning; but the descendants of Bicknell gradually moved away. His heir sold his share of Fanning and Washington Islands to a man in Suva, from whom it was acquired by Father Emmanual Rougier.

A firm, Fanning Island, Limited, was formed which operated Fanning and Washington Islands until 1935. Due to low price of copra, in that year it was sold to a subsidiary of Burns, Philip and Co., Ltd., operating under the name of Fanning Island Plantations, Ltd.

According to shipping records in Honolulu, there was a guano digging boom on Fanning between 1877 and 1879, for ships of many flags sailed there to load guano. Some vessels were wrecked, such as the British barque Crosby, in 1879. In 1885 guano still was being shipped. But in 1887 lumber was taken there to make copra drying and storage sheds, and from then on copra was the chief industry on the island.

Fanning was formally annexed to Great Britain by Captain William Wiseman, of H.M.S. Caroline, March 15, 1888. A cable relay station was established in 1902. This breaks the stretch from Bamfield, Vancouver Island, to Suva; 3,300 miles, Bamfield to Fanning; 2,200 miles, Fanning to Suva. Up to 1931, Union S.S. Co. freighters stopped with supplies. Since then the island has been supplied from Honolulu, the S.S. Dickenson making quarterly trips.

Many comforts are provided, such as radio, refrigeration, electric lights (from Diesel generators), a doctor, tennis court, library, even a branch of the New Zealand Savings Bank, to make pleasant the two year tours of duty of the cable station personnel and their wives, numbering about 20 white people. Storage tanks hold about 8,000 gallons of rain water, and well water also is reported to be both good and plentiful.

In September, 1914, the German cruiser Nurnburg slipped up to Fanning, flying the French flag. They landed and wrecked the cable station, cut the cable, and destroyed a cache of spare instruments. With the assistance of Hugh Greig, who dived for the several ends of the cable, communication was re-established within two weeks. In 1939, it was reported that the island was being fortified against a repetition of this but the report was later denied, it being stated that an undefended island of purely commercial importance was safer.

At English Harbour, headquarters of the copra plantation, there are 3 or 4 more white people and between 100 and 150 Gilbert Island workmen. It was reported in 1939 that 300 new Gilbertese recruits were being taken to Fanning. At that time, Fanning Island was administered from Ocean Island (Banaba) 1880 miles away, but there was a resident agent immediately in charge. New Zealand stamps had been used for postage.

In 1859 English entered into a partnership with William Greig and George Bicknell and these three were joined by William Owens, owner of Washington Island, in 1860. Owens left the following year and English retired in 1864. Messrs. Greig and Bicknell were confirmed as lawful owners of both Fanning and Washington Islands by the British Consul in Honolulu on 2 September 1864. The Greig Bicknell partnership lasted until 1906 when they sold out to Father Rougier who in turn sold it on to Fanning Island Plantations Ltd., a Burns Philp subsidiary.

Like Cocos, Fanning Island received a visit from the German Navy. On 7 September 1914 the cruiser SMS Nurnburg, accompanied by SMS Leipzig, approached Fanning Island, flying the French flag. Landing an armed party the Germans set about wrecking equipment and cutting the two cables. They also took 3000 gold sovereigns from the safe, used to pay the staff, plus £71 in stamps and cash from the Post Office. Shortly after this incident the Nurnburg was sunk, with all hands, in an engagement with the Royal Navy known as the Battle of the Falkland Islands.

The decision to land COMPAC at Hawaii instead of Fanning Island brought about the closure of the cable station at the end of 1963. In 1964 it was taken over by the Hawaiian Oceanographic Institute as a Pacific Equatorial Research Laboratory for the study of Equatorial Currents.

* WHOLE NOTES Identified:
 

No	Serial	Courtesy MT
Serial No.	1000	Framed in Board Room of Burns Philp, Ltd. Sydney, AUS
Serial No.	1005	See above
Serial No.	1078
Serial No.	1127
Serial No.	1151
Serial No.	1231	Sold in 1985 for A₤30
Serial No.	1249	Offered in 1998 for ₤160
Serial No.	1263
Serial No.	1271	Has "Cancelled" written in 2 lines
Serial No.	1322	Offered in 1996 for  ₤900
Serial No.	1333
Serial No.	1342
Serial No.	1351
Serial No.	1404	Sold in 1981 for ₤18
Serial No.	1427 *	Sold for $8,812.50 USD in 2014
Serial No.	1437
Serial No.	1468
Serial No.	1495
Serial No.	1531
Serial No.	1541	In files of Sydney Journal
Serial No.	1580	Sold for ₤110 in 1998
Serial No.	1634
Serial No.	1673
Serial No.	1715	Signed by Bill Frew
Serial No.	1767
Serial No.	1768	** Note on back by Bill Frew
Serial No.	1806
Serial No.	1851
Serial No.	1855	CL1, VF+ Estimated Value $10,000 16 Mar 2021
Serial No.	1929	PMG VF25 Listed on eBay 7 Nov 2019 @ $5,400 USD PMG VF25 Listed on eBay 16 Mar 2021 @ $9,000 USD ***
Serial No.	3021
Serial No.	3027
Serial No.	3039	Short Snorter sold for  $A2350 in 2000
Serial No.	3104	Face of note is autographed  by Manager R.G. Garrett
TOTAL	35	Whole Notes Identified
* Ruth W. Hill Collection: Sold for $8,812.50 USD  including commissions - 24.4.2014 Heritage World Currency Auctions ** "For J. Ferges Bowman, ESQ. Do hope this will eventually reach you & prove of interest. All good wishes from Washington Island & the Transpacific Rowboat "BRITANNIA 2 " With kindest regards, Bill Frew" The message is countersigned by John Faifax & Sylvia Cook *** From the Drs. Joanne and Edward Dauer Collection of Australian Banknotes
The Gilbert and Ellice Islands and its Philately, Part II by Keith Fitchett
Fanning Island (Kiribati) currently uses the Australian Dollar as its currency.