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10 Pounds National Bank
| Issuer | The National Bank Limited |
|---|---|
| Year | 1922-1927 |
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| Reference(s) | P#227B |
| Obverse description | The note is printed in dark green and red tones, with a central vignette of Hibernia seated, flanked by the bank's arms at left. The serial number appears in red at both lower left and lower right, with the denomination TEN rendered in large red guilloche numerals across the centre. The promise-to-pay text and manuscript date are inscribed across the face, with a signature for the Directors and Company at lower right. |
|---|---|
| Obverse lettering | The National Bank Limited Unlimited for Note Issue I Promise to pay the Bearer on Demand Ten Pounds at Dublin For the Directors and Company |
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| Comments |
The National Bank Limited was an Australian trading bank, not a central authority, yet it issued its own banknotes under the provisions still permitted before the Commonwealth Bank's monopoly on private note issue was enforced through the Australian Notes Act amendments of the 1920s. The right to issue was effectively taxed out of existence — a 10% duty on private bank notes in circulation, introduced in 1910, had been quietly strangling the practice for over a decade by the time this series appeared.
Pick 227B distinguishes this from the earlier 227A principally by signature combination, a detail that matters considerably to completionists working the full National Bank run.