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1 Pound National Bank
| Issuer | The National Bank Limited |
|---|---|
| Year | 1921-1926 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | The National Bank Limited Unlimited for Note Issue I Promise to pay the Bearer on Demand One Pound at Dublin For the Directors and Company |
| Reverse description | The bank's heraldic arms are centrally placed within an elaborate symmetrical guilloche pattern in green, with the denomination '£1' appearing on both left and right sides. Ornate floral and scroll motifs radiate outward from the central shield, filling the entire reverse field in a single green intaglio impression. |
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| Comments |
The National Bank Limited was an Australian private trading bank, not a central authority — this note predates the Commonwealth Bank's monopoly on note issue, which took full effect in 1924 under the Australian Notes Act amendments. The National Bank continued redeeming outstanding notes after that date, but new issue effectively ceased, which compresses the active circulation window for this series considerably.
The bank itself was absorbed into the Commonwealth Bank of Australia in 1931 during the wave of depression-era consolidations that reshaped Australian banking entirely.