10 Shillings Bank of New Zealand, With 1/2 in corners

The Bank of New Zealand operated as a private commercial issuer, not a central bank — its notes circulated alongside those of other competing banks until the Reserve Bank of New Zealand absorbed the right of issue in 1934. This note belongs to the last decade of that private era. The "With 1/2 in corners" distinction separates it from earlier issues in the same series and matters for accurate attribution, as the two types are frequently conflated in general collections.

Bradbury Wilkinson produced the majority of Australasian commercial banknotes through this period, and their intaglio work was consistent enough that condition problems on surviving BNZ notes usually trace to handling and tropical storage rather than any weakness in the printing.