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5 Pounds National Bank
| Issuer | National Bank Limited |
|---|---|
| Year | 1919 |
| Type | Log in to see details |
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| Reference(s) | P#223 |
| Obverse description | Central vignette of Hibernia seated, with the bank's arms at left; the central field carries a printed list of all the bank's branch offices. The text of the promise-to-pay obligation runs across the note within a typeset border. |
|---|---|
| Obverse lettering | The National Bank Limited Unlimited for Note Issue I Promise to pay the Bearer on Demand Five Pounds at Dublin For the Directors and Company |
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| Comments |
National Bank Limited was one of the main trading banks operating in New Zealand in the early twentieth century, though it was incorporated in London and maintained its head office there — a structural detail that shaped how its notes were produced and regulated. The P#223 series falls in the immediate post-WWI period, when note-issuing rights for private banks in New Zealand were being progressively tightened ahead of the eventual monopoly granted to the Reserve Bank in 1934.
Private trading bank issues from this transitional window are now genuinely uncommon in any grade; many were withdrawn and destroyed as the state consolidated control over currency issuance through the 1920s and early 1930s.