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5 Pounds Stamford, Spalding and Boston

Issuer Stamford, Spalding and Boston Banking Company Limited
Year 1874-1911
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Value 5 Pounds
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Obverse description Black letterpress and intaglio print on plain white paper, enclosed within a fine guilloche border with ornamental corner devices. The upper left carries a heraldic shield vignette flanked by decorative scrollwork, and the upper right bears a circular guilloche medallion with the numeral '5' in bold relief; the issuer's name runs in elaborate copperplate script across the upper portion, with the promise-to-pay text in italic script across the centre field. A solid rectangular panel at lower centre contains 'FIVE' in bold serif capitals, and the printer's imprint appears at the foot.
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Reverse description Plain unprinted paper reverse bearing multiple contemporary ink stamps applied during circulation: a rectangular violet stamp reading 'Parr's Bank Limited', a large violet oval stamp for 'Midland Counties Banking Company Limited, Leicester', and a circular black postmark dated March 1904 from Oakham; additional handwritten endorsements and partial stamps are also visible across the surface.
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Comments

The Stamford, Spalding and Boston Banking Company was a provincial English private bank serving the Lincolnshire market towns its name advertised. Perkins Bacon, the London security printer with deep roots in intaglio banknote work, supplied the plates — a common arrangement for small regional issuers who lacked the volume to justify their own printing infrastructure but needed notes that could resist forgery.

Private banknote issue in England effectively ended with the Bank Charter Act of 1844, which prohibited new banks from gaining the right to issue notes. Stamford, Spalding and Boston retained issuing rights only because it predated that legislation. When the bank was absorbed into Barclays in 1911, the note-issuing privilege died with the merger.

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