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10 Shillings Commercial Bank of Australia Ltd.
| Issuer | Commercial Bank of Australia Limited |
|---|---|
| Year | 1919-1923 |
| Type | Log in to see details |
| Value | 10 Shillings (1/2) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THE COMMERCIAL BANK OF AUSTRALIA LIMITED NEW ZEALAND No A060491 Promise to pay the Bearer on Demand the Sum of TEN SHILLINGS here Value received Wellington 1st July 1919 HALF SOVEREIGN TEN SHILLINGS |
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| Protection type | Guilloche underprint |
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| Comments |
The Commercial Bank of Australia Limited was one of the last private trading banks in Australia still issuing its own currency after Federation — a practice that survived well into the 1920s largely because Commonwealth legislation phased out private note issue gradually rather than abruptly. The Notes Tax Act of 1910 had already made private issue prohibitively expensive for most banks, but CBA continued under legacy arrangements until the Commonwealth Bank's monopoly was finally enforced in 1924, which makes the 1919–1923 window for this series among the final years of Australian private banknote issue.
Waterlow & Sons produced the plates in London — entirely routine for Australian colonial and post-Federation banking paper, where domestic printing infrastructure simply could not match British security printing standards of the period.