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10 Pounds Commercial Bank of Australia Ltd.
| Issuer | Commercial Bank of Australia Limited |
|---|---|
| Year | 1914-1915 |
| Type | Standard circulation banknote |
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| Obverse description | Central intaglio vignette within an oval frame presents a seated allegorical female figure holding a caduceus, with a globe at her side. The bank title 'THE COMMERCIAL BANK OF AUSTRALIA LIMITED' arches across the top in bold Gothic script, flanked by the denomination 'TEN' at each upper corner, with 'NEW ZEALAND' printed vertically on both side borders. The lower portion carries the promise-to-pay text in script lettering over a large guilloche underprint reading 'TEN POUNDS', with a £10 medallion at lower left and signature lines for Manager and Accountant above the issuer name. |
|---|---|
| Obverse lettering | TEN TEN THE COMMERCIAL BANK OF AUSTRALIA LIMITED PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF TEN POUNDS HERE VALUE RECEIVED WELLINGTON NEW ZEALAND NEW ZEALAND THE COMMERCIAL BANK OF AUSTRALIA LIMITED |
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| Comments |
The Commercial Bank of Australia was one of the institutions that survived the catastrophic Victorian banking crash of 1893, which destroyed or forced the reconstruction of nearly every major colonial bank. By 1914 it was operating as a going concern, but the outbreak of war that year brought immediate pressure on private note issue in Australia — the Commonwealth Bank had been established in 1911 and the federal government was actively consolidating currency control away from the trading banks.
Sands and McDougall were primarily a stationery and directory publisher pressed into security printing work, which was not unusual for the Australian colonial and early federal period given the limited specialist printing infrastructure available locally.
The bank was ultimately absorbed into the National Bank of Australasia in 1981.