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1 Pound Dartmouth General Bank
| Issuer | Dartmouth General Bank |
|---|---|
| Year | 1821-1823 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | Dartmouth General Bank Promise to pay the Bearer on Demand ONE POUND Value received Dartmouth 24th day of Jan 1823 for John Hine and Henry Joseph Holdsworth |
| Reverse description | Royal coat of arms with the lion and unicorn, surrounded by a large composite guilloche pattern in red and black; the centre of the guilloche panel bears the cypher 'GR IV' referring to King George IV. |
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| Comments |
The Dartmouth General Bank was a short-lived provincial bank operating in Devon during the early 1820s, precisely the period when country bank failures were becoming routine enough to alarm Parliament. The bank closed within a few years of opening — its notes, never widely circulated beyond the local merchant and fishing community, survived in small numbers simply because the bank's collapse came before most of them re-entered the system.
John Hine's signature is the only name consistently associated with the management of this institution. The 1826 Country Bankers Act, passed in the immediate aftermath of a nationwide wave of provincial bank collapses, effectively ended the era of single-branch private note issuers like this one.