Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
1 Shilling - The New Zealand Commercial Exchange Co
| Issuer | The New Zealand Commercial Exchange Company Limited |
|---|---|
| Year | 1898-1901 |
| Type | Vouchers |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain unprinted reverse showing full bleed-through of the obverse design, with the issuer's name, denomination, and text visible in mirror image through the thin paper stock. No dedicated reverse printing is present. |
| Reverse lettering | Log in to see details |
| Signature(s) | Geo W. Nicholls (President) and W. Sherriff Bain (Secretary) |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The New Zealand Commercial Exchange Company Limited was not a bank. It operated as a commercial trading exchange, and its decision to issue bearer scrip in shilling denominations placed it in legally ambiguous territory — the Banking Act restrictions of the period applied to deposit-taking institutions, and exchange companies sometimes exploited that gap to issue circulating instruments without a full banking licence.
Printed locally rather than through one of the established London security printers favoured by New Zealand's chartered banks, the note reflects a domestic production chain that was considerably less sophisticated. Local printing for circulating scrip of this denomination was unusual enough to raise contemporary eyebrows.
The company's operational window of 1898–1901 was brief.