Catalog
10 Pound Sterling
| Issuer | London & Natal Bank Ltd., Durban |
|---|---|
| Year | 186x |
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| Composition | Cotton paper |
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|---|---|
| Obverse lettering | LONDON & NATAL BANK LIMITED We Promise to pay the Bearer on Demand TEN POUNDS DURBAN, NATAL LONDON By Authority of the Board Managing Director Manager Ent'd |
| Reverse description | No reverse image available; the reverse of this remainder note is likely plain or unprinted, as is typical for unissued remainders of this type. |
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| Comments |
The London & Natal Bank Ltd. was a short-lived institution, incorporated in London in 1860 to service colonial trade through Durban. It collapsed in 1866 after a run on deposits triggered by financial instability in Natal's young mercantile economy, which makes any surviving note from this issuer genuinely rare — the bank barely outlasted its own founding decade.
Waterston of Edinburgh is not a name that appears frequently in colonial banknote printing history, and their involvement here may reflect cost-driven choices rather than established relationships with African colonial issuers. The decade date "186x" confirms the entire note run falls within that single troubled period of operation.