Catalog
| Issuer | The New Oriental Bank Corporation Limited |
|---|---|
| Year | 1885 |
| Type | Log in to see details |
| Value | 1 Dollar |
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|---|---|
| Obverse lettering | 1 THE NEW ORIENTAL BANK CORPORATION LIMITED RECEIPT FOR MONEY AT CALL The New Oriental Bank Corporation Limited, acknowledge to have received here at call the sum of ONE DOLLAR local currency. Singapore 18__ ONE Acct. Manager |
| Reverse description | Red letterpress print. Central vignette of a man with horse beside a tree, enclosed within a hexagonal frame surrounded by ornate guilloche circular border design. |
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| Comments |
The New Oriental Bank Corporation Limited was itself the product of a rebranding — the old Oriental Bank Corporation, one of Britain's most prominent colonial banks, collapsed in 1884 under the weight of bad loans and falling commodity prices in Ceylon and Mauritius. A group of creditors and shareholders reconstituted it almost immediately as the "New" Oriental, hoping the name change would restore confidence. It didn't. The reconstituted bank failed again in 1892, making this 1885 note an artifact of a brief and doomed second attempt.
Bradbury Wilkinson produced the plates in London, as they did for much of Britain's colonial banking paper of the period.