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10 Dollars

Uitgever Chartered Bank of India, Australia and China
Jaar 1878
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In omloop tot Yes
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Opschrift voorzijde 10
INCORPORATED BY ROYAL CHARTER
Penang
1st Jan. 1878
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Promises to pay the Bearer on Demand at its
OFFICE here TEN DOLLARS in local currency
for Value received.
BY ORDER OF THE COURT OF DIRECTORS
Entd. Acct. MANAGER
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Opschrift keerzijde 10
THE CHARTERED BANK OF
INDIA AUSTRALIA AND CHINA
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Opmerkingen

The Chartered Bank of India, Australia and China held a royal charter originally granted in 1853, and its Hong Kong branch was among the earliest foreign banks operating under formal British banking law in the colony. By 1878, the bank was deeply embedded in the financing of opium, silk, and tea trades moving through treaty ports — these $10 notes would have passed through comprador offices and merchant houses rather than retail commerce.

Surviving 1878-dated examples from this series are genuinely rare. The bank's Hong Kong notes from this period suffered heavy losses in both the 1878 and 1883 financial crises that hit the colony's banking sector, and branch records suggest large quantities of partially-issued stock were destroyed rather than redeemed.