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1 Pound Commercial Bank of Australia Ltd.
| Issuer | Commercial Bank of Australia Limited |
|---|---|
| Year | 1919 |
| Type | Log in to see details |
| Value | 1 Pound |
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| Composition | Log in to see details |
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| Obverse description | A reclining allegorical female figure holding a caduceus occupies the left vignette, with a central vignette composed of a steam train and a ship, emblematic of commerce and industry. The note carries the bank title and promise-to-pay inscription in letterpress across the face, with the denomination ONE POUND expressed in both text and numeral. Ornate guilloche underprint panels frame the design throughout. |
|---|---|
| Obverse lettering | ONE POUND THE COMMERCIAL BANK OF AUSTRALIA LIMITED NEW ZEALAND NEW ZEALAND PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF ONE POUND HERE VALUE RECEIVED. WELLINGTON FOR THE COMMERCIAL BANK OF AUSTRALIA LIMITED ONE ₤1 ONE ONE POUND |
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| Comments |
The Commercial Bank of Australia Limited was founded in Melbourne in 1866 and remained one of the larger Victorian-chartered trading banks well into the twentieth century. By 1919, Australian private banknote issue was already in its final years — the Commonwealth Bank Act of 1911 had established the framework that would ultimately give the Commonwealth Bank sole note-issuing rights, a transition that effectively ended private circulation by 1910 for most practical purposes and was legally consolidated thereafter.
Waterlow & Sons produced notes for numerous colonial and dominion banks across this period, and the quality of their intaglio work was consistently high. Whether this note ever saw meaningful counter circulation by 1919 is a reasonable question.