<P> The first Bank of England £ 1 note was issued on 2 March 1797 under the direction of Thomas Raikes, Governor of the Bank of England, and according to the orders of the government of William Pitt the Younger, in response to the need for smaller denomination banknotes to replace gold coin during the French Revolutionary Wars . </P> <P> The Bank of England's first £ 1 note since 1845 was issued on 22 November 1928 . This note featured a vignette of Britannia, a feature of the Bank's notes since 1694 . The predominant colour was green . Unlike previous notes it, and the contemporaneous ten shilling note, were not dated but are instead identified by the signature of the Chief Cashier of the time . In 1940 a metal security thread was introduced, and the colour of the note was changed to blue and pink for the duration of the war, to combat German counterfeits . The original design of the note was replaced by the Series C design on 17 March 1960, when Queen Elizabeth II agreed to allow the use of her portrait on the notes . The Series C £ 1 note was withdrawn on 31 May 1979 . On 9 February 1978 the Series D design (known as the "Pictorial Series") featuring Sir Isaac Newton on the reverse was issued, but following the introduction on 21 April 1983 of the £ 1 coin, the note was withdrawn from circulation on 11 March 1988 . </P> <P> The first Bank of England £ 5 note was issued in 1793 in response to the need for smaller denomination banknotes to replace gold coin during the French Revolutionary Wars . (Previously the smallest note issued had been £ 10 .) The 1793 design, latterly known as the "White Fiver" (black printing on white paper), remained in circulation essentially unchanged until 21 February 1957 when the multicoloured (although predominantly dark blue) "Series B" note, depicting the helmeted Britannia, was introduced . The old "White Fiver" was withdrawn on 13 March 1961 . </P> <P> The Series B note was replaced in turn on 21 February 1963 by the "Series C" £ 5 note which for the first time introduced the portrait of the monarch, Queen Elizabeth II, to the £ 5 note (the Queen's portrait having first appeared on the Series C ten shilling and £ 1 notes issued in 1960). The Series C £ 5 note was withdrawn on 31 August 1973 . </P>

When did the white fivers go out of circulation
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