1 Pond

The Nederlandsche Bank voor Zuid-Afrika was a Dutch colonial banking venture operating out of Pretoria, not a South African state institution — a distinction that matters when reading the note's authority. J.H. Bussy, the Amsterdam-based printer whose imprint appears in the margin, actually produced this note at their Haarlem facility, a detail that catches out catalog entries relying on city of registration rather than city of manufacture.

By 1920 the bank was operating in a sharply changed political environment — the Union of South Africa had been sovereign for a decade, and Dutch-aligned financial institutions were increasingly marginal. This note was printed relatively late in the bank's commercial life.