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10 Shillings Bank of New South Wales

Issuer Bank of New South Wales
Year 1919-1921
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Currency Pound (1840-1967)
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Obverse description Central vignette of a seated allegorical female figure at upper centre, accompanied by a sailing ship, a cornucopia, and sheep, symbolising commerce and pastoral prosperity. The note carries extensive letterpress text including the promise to pay ten shillings sterling on demand at Wellington, N.Z., dated 1st September 1919, over a guilloche underprint. Repeated denominational inscriptions and the issuing bank's title frame the design in the characteristic style of early twentieth-century private bank issues.
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Reverse description The reverse carries circular guilloche vignettes positioned in the corners, forming a symmetrical decorative border arrangement typical of private bank note printing of the early twentieth century. The central field is relatively plain, with the corner medallions providing the principal ornamental structure. The overall design reflects the restrained engraved style associated with the Charles Skipper & East printing house.
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The Bank of New South Wales was the oldest trading bank in Australia, and by the time this note was issued the institution had been operating for over a century — yet private banknote issue in Australia was already a dying practice. The Commonwealth Bank had been issuing its own notes since 1913, and the 1910 Australian Notes Act had effectively pushed private banks out of the low-denomination paper currency business by imposing a prohibitive ten-percent tax on their own issues. The survival of this series into 1921 is somewhat anomalous given that regulatory climate.

Skipper & East's work for colonial and dominion banks was prolific in this period, and the plates show it — competent intaglio work, but produced to a commercial house standard rather than a central bank one.

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