Catalog
1 Pound
| Issuer | Royal Bank of Australia Limited |
|---|---|
| Year | ND (1910) |
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| Reference(s) | P#A129 |
| Obverse description | Black letterpress on white paper with an orange underprint reading 'AUSTRALIAN'. At upper centre, the bank title 'ROYAL BANK OF AUSTRALIA LIMITED' appears within an ornate guilloche border. A circular heraldic vignette with a crowned shield occupies the left, flanked by serial numbers and the denomination 'ONE POUND' in script. Branch location 'SYDNEY' appears at lower centre. |
|---|---|
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| Variants | P#A129a - Melbourne P#A129b - Sydney |
| Comments |
The Royal Bank of Australia Limited was a short-lived Melbourne-based institution that collapsed in 1893 during the catastrophic Australian banking crisis, when roughly half of the country's trading banks suspended payments within a single year. Notes issued under its name after that point were associated with reconstruction schemes and deferred deposit arrangements — the bank never fully recovered its standing.
Pick A129 is unissued, which almost certainly explains its survival. Printed but never placed in circulation, likely because the bank's effective commercial life was already over before 1910.