10 Pounds

The London Bank of Australia Limited was itself an oddity — an Australian trading bank incorporated and headquartered in London, which created persistent ambiguity about regulatory jurisdiction throughout its existence. It operated branches across the Australian colonies and later states, but never fully shed its character as a British institution managing colonial business at arm's length.

By 1910 private banknote issue in Australia was in sharp decline. The Commonwealth Bank Act of 1911 would soon reshape the issuing landscape, and most private banks were quietly running down their note circulation. A 10 Pound denomination at this late date would have seen limited practical use — high-value private notes were increasingly mistrusted by a public that understood the political direction of travel.

No dated specimens for this series are recorded; the ND designation reflects a common issuing practice for Australian private banks in this period, where standing note stocks were maintained without individual date completion.