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10 Pounds National Bank
| Issuer | The National Bank Limited |
|---|---|
| Year | 1929-1933 |
| Type | Standard circulation banknote |
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| Obverse description | The bank title 'THE NATIONAL BANK LIMITED' is printed in large green letterpress across the top of the note, flanked by the denomination numeral '10' in each upper corner. A central coat of arms vignette, supported by two lions rampant and incorporating an Irish harp, appears below the title. The promise-to-pay text and the bold red guilloche centrepiece bearing 'TEN POUNDS' in intaglio overlay the lower portion, with the denomination '£10' repeated at lower left and a manuscript signature at lower right. |
|---|---|
| Obverse lettering | Unlimited for Note Issue - Established 1835 The National Bank Limited I Promise to pay the Bearer on Demand Ten Pounds at Belfast For the Directors and Company |
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| Comments |
The National Bank Limited was an Australian trading bank, not a central bank, yet it issued its own banknotes under the pre-Federation and early Commonwealth arrangements that permitted private banks to circulate paper currency. By the late 1920s, that privilege was running out. The Commonwealth Bank had been steadily consolidating note issue authority, and the 1910 Australian Notes Act had already imposed a prohibitive tax on private bank notes in circulation — effectively strangling the practice for most issuers well before this series appeared.
That this note was still being dated into the early 1930s makes it a genuine outlier. The National Bank itself was absorbed into the Colonial-National merger that eventually formed the National Bank of Australasia, and surviving high-denomination examples from this final window are correspondingly scarce.