Catalog
10 Pounds Sterling
| Issuer | Cape Commercial Bank, Potchefstroom Branch |
|---|---|
| Year | 1879 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | CAPE COMMERCIAL BANK POTCHEFSTROOM BRANCH TEN POUNDS £10 We Promise to pay the Bearer on Demand at our Office here TEN POUNDS Sterling being for Value received Potchefstroom By order of the Board of Directors. Manager. FOR THE DIRECTORS. |
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| Reverse lettering | TEN |
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| Comments |
The Cape Commercial Bank was a relatively short-lived institution that collapsed in 1890, and its Potchefstroom branch operated in what was then the Zuid-Afrikaansche Republiek — meaning this note crossed a political boundary, issued by a Cape Colony-chartered bank but payable in a Transvaal town. That arrangement was not unusual for the period, but it made these notes legally ambiguous tender in a territory that viewed foreign banking institutions with considerable suspicion.
Potchefstroom was the original capital of the ZAR before Pretoria assumed that role, which gave the branch a prominence that outlasted its political relevance. Very few branch-specific notes from the Cape Commercial Bank survive in any denomination.