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10 Pounds National Bank

Issuer The National Bank Limited
Year 1896-1899
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Value 10 Pounds (10 Puint)
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Obverse description The bank title 'THE NATIONAL BANK LIMITED' appears in a cartouche at top, flanked by the Irish Coat-of-Arms at upper left. A central vignette depicts Hibernia seated with a harp and a hound, inscribed 'ERIN GO BRAGH' below, framed by fine engraved border work. The denomination 'TEN' appears at upper right within an ornamental panel, with the promise-to-pay text and 'TEN POUNDS' in bold letterpress across the centre, above the branch name and issuing authority line.
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Reverse description Reverse is entirely plain, printed on unadorned paper with no vignette, text, or decorative elements.
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The National Bank Limited was a New Zealand institution operating under a British charter, and this 10 Pounds note dates from a period when private trading banks still issued their own currency alongside the government. The Bank of New Zealand had nearly collapsed in 1895, requiring a government bailout, and the resulting public anxiety about private bank stability made high-denomination notes from any institution a harder sell on the street.

P#206 is among the rarer surviving National Bank issues from this window — the bank was absorbed by Lloyds Bank in 1966, but its pre-Federation New Zealand paper from the 1890s has a very thin survival rate at this denomination.

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