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10 Shillings

Issuer National Bank of South Africa Limited
Year 1919-1920
Type Standard circulation banknote
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Obverse lettering THIS NOTE IS SECURED BY A DEPOSIT OF CAPE GOVERNMENT SECURITIES
THE NATIONAL BANK OF SOUTH AFRICA LIMITED
Promise to Pay Bearer on Demand in Gold
CAPE TOWN
TEN SHILLINGS Sterling
BEZE BANK NOOT IS GEWAARBORGD DOOR EEN DEPOSITA IN SEKURITEITEN VAN HET KAAPSCHE GOUVERNEMENT
Reverse description The reverse is printed in a uniform pale grey-blue tone, centred on a large oval guilloche panel bearing the inscription 'TEN SHILLINGS STERLING' in bold letterpress, with two circular '10/' counters set within intricate lathe-work borders on either side. Security legends in both English and Dutch, referencing the Cape Government securities backing, run along the upper and lower margins respectively. The design is typographically austere, with no pictorial vignette, relying on geometric guilloche underprint patterns for visual security.
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The National Bank of South Africa Limited was a commercial institution, not a central bank — it held note-issuing rights alongside several other private banks operating in the early Union period, before the South African Reserve Bank was established in 1921 and gradually absorbed those privileges. This note sits in the final years of that plural issuing system.

Printing in Cape Town rather than London was relatively uncommon for South African private bank issues of this period, most of which relied on British security printers. That local production is worth noting.

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