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10 Pounds Colonial Bank of New Zealand
| Issuer | Colonial Bank of New Zealand |
|---|---|
| Year | 1870-1889 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette at upper portion presents an allegorical seated female figure flanked by two sailors amid agricultural and maritime implements, including an anchor and a beehive, rendered in fine intaglio engraving on a green-tinted ground. Oval guilloche medallions bearing the denomination £10 appear at upper left and right corners, with the bank title arched in bold letterpress across the upper field below the incorporation legend. The lower half carries the promise-to-pay text in script and bold typeface, with a guilloche oval underprint bearing the word TEN at bottom centre, above the bank name repeated along the lower border. |
|---|---|
| Obverse lettering | INCORPORATED BY ACT OF THE GENERAL ASSEMBLY 1874 THE COLONIAL BANK OF NEW ZEALAND TEN POUNDS TEN POUNDS ON DEMAND WE PROMISE TO PAY TO THE BEARER TEN POUNDS STERLING FOR THE COLONIAL BANK OF NEW ZEALAND TEN THE COLONIAL BANK OF NEW ZEALAND |
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| Comments |
The Colonial Bank of New Zealand was established in Dunedin in 1874, a commercial challenger to the established Bank of New Zealand and its government-friendly monopoly instincts. Perkins, Bacon & Petch were the natural choice for security printing at this scale — their intaglio work was among the finest available to colonial institutions, and their plates were notoriously difficult to counterfeit.
The bank collapsed in 1895, absorbed by the Bank of New Zealand after a run triggered by frozen pastoral lending. Notes from the final years of issue are considerably scarcer than the earlier printings, with many redeemed or destroyed during the takeover.