5 Pounds

Queensland's Treasury Notes predated the Commonwealth of Australia's unified currency regime — these were issued under state authority in the years immediately before the 1911 Australian Notes Act effectively ended state note issuance. The timing of this particular note places it at the very edge of that transition, making it a product of a government already watching its note-issuing powers being dismantled from Canberra.

Perkins Bacon had long-standing relationships with colonial and dominion governments throughout the British world, and their intaglio work on Australian colonial issues is generally among the finer security printing of the period. The Queensland series is comparatively scarce in any grade — redemption and destruction of state notes after federation was thorough.