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5 Pounds Bank of New South Wales

Issuer Bank of New South Wales
Year 1924-1932
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Value 5 Pounds
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Obverse lettering BANK OF NEW SOUTH WALES FIVE FIVE PROMISE TO PAY THE BEARER AT WELLINGTON. N.Z. ON DEMAND FIVE POUNDS FOR THE BANK OF NEW SOUTH WALES FIVE POUNDS BANK OF NEW SOUTH WALES
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Reverse lettering SPECIMEN C. SKIPPER & EAST
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Comments

The Bank of New South Wales was a private trading bank, not a central authority — these notes circulated alongside those of competing private banks well into the 1920s, before the Commonwealth Bank gradually consolidated note-issuing powers following the 1920 Australian Notes Act. By the time this series was being drawn down in the early 1930s, private bank notes were effectively finished in Australia; the Bank of New South Wales surrendered its issue rights, and remaining stocks were withdrawn.

Charles Skipper & East, the London security printer responsible for this note, also produced work for South African and colonial issuers across the same period — their output is identifiable by a characteristic fine-line guilloche style in the border work.

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