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10 Pounds National Bank
| Issuer | The National Bank Limited |
|---|---|
| Year | 1901-1915 |
| Type | Log in to see details |
| Value | 10 Pounds (10 Puint) |
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| Obverse description | At upper centre, a vignette of Hibernia seated with harp, flanked by the arms of Ireland at left and the word TEN in an ornate cartouche at right, all beneath a rectangular panel bearing the bank title. The central field carries the promise-to-pay text in letterpress script over a large green intaglio TEN POUNDS denomination inscription, with serial numbers in red at either side. Below the central vignette, six lines of branch names form a typeset list, and the note is completed at lower right by the legend For the Directors and Company, with Ten in a decorative black panel at lower left. |
|---|---|
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| Reverse description | Reverse is entirely unprinted, presenting a plain unadorned paper surface with no vignettes, text, or decorative elements of any kind. |
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| Comments |
The National Bank Limited was established in South Africa in 1891 and operated as one of the major commercial banks during the transition from colonial to Union administration. This note series spans the years immediately surrounding Union in 1910, meaning examples from the early end of the range predate the establishment of the South African Reserve Bank by more than two decades — commercial banks still held full note-issuing rights.
The high denomination kept actual circulation light. Ten-pound notes of this period typically moved between commercial institutions rather than through ordinary retail hands, which affects survivorship in complex ways: less physical wear, but also fewer notes ever issued relative to lower values.
The series was rendered obsolete when the Reserve Bank Act of 1920 began consolidating note-issuing authority.