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10 Pounds Commercial Bank of Australia Ltd.
| Issuer | Commercial Bank of Australia Limited |
|---|---|
| Year | 1926 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | THE COMMERCIAL BANK OF AUSTRALIA LIMITED I PROMISE TO PAY THE BEARER ON DEMAND THE SUM OF TEN POUNDS HERE VALUE RECEIVED WELLINGTON NEW ZEALAND NE ZEALAND TEN POUNDS TEN TEN |
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| Reverse lettering | THE COMMERCIAL BANK OF AUSTRALIA LIMITED TEN POUNDS |
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| Comments |
The Commercial Bank of Australia Limited was founded in Melbourne in 1866 and remained independent until its merger with the Bank of New South Wales in 1982 — one of the longer-lived of the colonial-era private banks. By 1926, Australian private banknote issuance was in its final years; the Commonwealth Bank had held a monopoly on new note issuance since 1910, but existing private bank circulation rights persisted under transitional arrangements until they were fully extinguished in 1924. A note dated 1926 therefore sits in genuinely unusual territory and warrants scrutiny of its precise issuance circumstances.
Waterlow & Sons produced high-security work for institutions across the British Empire throughout this period, and their Australian private bank commissions are reasonably well documented.