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1 Pound Colonial Bank of New Zealand
| Issuer | Colonial Bank of New Zealand |
|---|---|
| Year | 1889-1895 |
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| Reference(s) | P#S267 |
| Obverse description | Central vignette at upper centre bears the bank's heraldic shield with monogram, flanked by two allegorical female figures, with a sailing ship visible in the background. The note carries the full promise-to-pay text with place of payment designated as Dunedin, within elaborate guilloche border work typical of Bradbury Wilkinson intaglio printing. |
|---|---|
| Obverse lettering | ONE ONE INCORPORATED BY ACT OF THE GENERAL ASSEMBLY 1874 THE COLONIAL BANK OF NEW ZEALAND PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF ONE POUND STERLING AT THEIR OFFICE HERE DUNEDIN FOR THE COLONIAL BANK OF NEW ZEALAND |
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| Comments |
The Colonial Bank of New Zealand was a Dunedin-based institution that operated from 1874 until its absorption into the Bank of New Zealand in 1895 — the terminus of this note's issue date is not coincidental. The merger was contentious; Colonial Bank shareholders received BNZ stock at terms widely regarded as unfavorable, and the transaction required parliamentary intervention to push through.
Bradbury Wilkinson printed for numerous Australasian private banks during this period, and the quality of their intaglio work generally outlasted the institutions that commissioned it. The Colonial Bank series is scarce in any grade, as surviving circulation stock was largely retired and destroyed during the 1895 amalgamation.