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10 Pounds National Bank
| Issuer | The National Bank Limited |
|---|---|
| Year | 1922-1927 |
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| Composition | Log in to see details |
| Size | 154 × 90 mm |
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| Obverse description | Log in to see details |
|---|---|
| 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 |
| Reverse description | The reverse is printed in deep red on a plain ground, centred on an ornate cartouche formed by elaborate guilloche scrollwork, within which the bank's heraldic arms appear in a central medallion. The denomination £10 is repeated in large figures at left and right within the decorative framework, and the overall design is strongly symmetrical with no additional lettering. |
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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.