10 Shillings Sterling

The London & Natal Bank Ltd. was a short-lived colonial institution, established in the early 1860s to service Natal's growing mercantile and settler economy. It never achieved the foothold its founders anticipated — the bank collapsed before the decade was out, leaving behind a note issue of exceptional rarity. Few examples from this series are known to survive in any condition.

Waterston of Edinburgh printed the stock, which was then shipped to Durban for issue. The "186x" dating convention indicates the final digit was completed by hand at the counter, a routine colonial practice given the cost and logistics of ordering fresh printed batches annually.