5 Pounds

Standard Bank operated a network of regional branches across southern Africa, each authorized to issue notes bearing that specific branch's name as the place of payment — Durban in this case, not the printing location. The notes in this series were produced in London, almost certainly by Waterlow & Sons, who held the Standard Bank contract through much of this period.

The Durban branch issues are considerably scarcer than those from Cape Town or Port Elizabeth, reflecting lower commercial throughput in Natal relative to the Cape. The 1899–1902 Anglo-Boer War disrupted banking operations significantly in the interior, but Durban — as a coastal port — remained relatively stable, meaning these notes did circulate rather than being held back as precautionary reserves.