10 Pounds

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.