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1 Pound
| Issuer | National Bank of South Africa Ltd. |
|---|---|
| Year | 1915-1920 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | THE NATIONAL BANK OF SOUTH AFRICA LIMITED Promise to pay the Bearer on Demand at their Office ONE POUND VALUE RECEIVED 1st January, 1915 JOHANNESBURG BY ORDER OF THE BOARD OF DIRECTORS |
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| Reverse lettering | THE NATIONAL BANK OF SOUTH AFRICA LIMITED ONE POUND |
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| Comments |
The National Bank of South Africa Ltd. was a commercial institution, not a central bank — its notes circulated alongside those of rival private banks until the South African Reserve Bank absorbed the currency-issuing function in 1921. This series straddles that transition directly. Notes dated toward the end of the range were issued knowing full well the bank's days as a note-issuer were numbered.
Waterlow & Sons had a long run of southern African commercial bank work by this period, producing secure, competent printing at competitive cost. The watermark security on this series was modest by contemporary standards — Waterlow was capable of considerably more elaborate work, but private bank contracts rarely demanded it.