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1 Pound
| Issuer | Standard Bank of South Africa Ltd., Durban |
|---|---|
| Year | 1900-1920 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse bears the heading 'NATAL ISSUE' at top, with the bold title 'THE STANDARD BANK OF SOUTH AFRICA LIMITED' arched across the upper portion. To the left, a classical allegorical vignette of Britannia in armour, holding a shield and flag, stands against a pastoral landscape with livestock and a distant harbour. The central panel carries the text 'DURBAN BRANCH, Promise to pay the Bearer on Demand at their Office' above an ornate guilloche panel inscribed 'ONE POUND', flanked by numeral '1' counters at upper corners and serial number in red, with the date, 'Value Recd', 'By Order of the Board of Directors', and manuscript signatures below. |
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| Obverse lettering | NATAL ISSUE THE STANDARD BANK OF SOUTH AFRICA LIMITED DURBAN BRANCH Promise to pay the Bearer on Demand at their Office ONE POUND DURBAN Value Recd By Order of the Board of Directors Entd |
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| Comments |
The Standard Bank operated a network of regional branches across southern Africa, each authorized to issue notes payable at that specific office — hence the Durban designation, which is a payment obligation, not a printing location. Waterlow & Sons in London handled the actual production throughout this period.
The date range spans the Anglo-Boer War, post-war reconstruction, and the formation of the Union of South Africa in 1910, all of which put pressure on commercial bank note supply. Standard Bank's private issue privileges persisted until the South African Reserve Bank Act of 1920 began consolidating note-issuing authority.