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10 Pounds

Issuer Colonial Bank of Natal
Year 1862
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Value 10 Pounds
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Obverse lettering COLONIAL BANK OF NATAL
CBN
We Promise to pay the Bearer on Demand at our Office here
Ten Pounds Sterling VALUE RECEIVED
Pietermaritzburg, Natal
Ten Pounds
By order of the Board of Directors
For The Trustees
Manager
Reverse description The reverse is entirely plain, printed on unadorned white cotton paper with no design, text, or ornamentation, consistent with early colonial-era South African banknote practice.
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The Colonial Bank of Natal was a short-lived institution, established in 1860 and absorbed into the broader Cape-colonial banking consolidation within a few years. This 1862 issue is among the earliest examples of locally printed banknotes for the Natal territory — Saul Solomon & Co. was primarily a newspaper and job printer in Cape Town, not a specialist security printer, which raises legitimate questions about the sophistication of the anti-forgery measures employed.

At the ten-pound denomination, this would have circulated almost exclusively in commercial and mercantile transactions. Surviving examples are extremely rare.