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50 Pounds Bank of Australasia

Issuer Bank of Australasia
Year 1888-1921
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Reference(s) P#S121
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Obverse lettering NEW ZEALAND FIFTY FIFTY THE BANK OF AUSTRALASIA INCORPORATED BY ROYAL CHARTER 1835 CHRISTCHURCH PROMISE TO PAY THE BEARER ON DEMAND FIFTY POUNDS HERE OR AT WELLINGTON FOR THE BANK OF AUSTRALASIA FIFTY NEW ZEALAND
Reverse description Uniface note; reverse is unprinted.
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The Bank of Australasia was a British-chartered institution, incorporated by Royal Charter in 1835 and headquartered in London throughout its life — which is why Perkins, Bacon printing this note in London was an entirely natural arrangement, not an outsourcing decision. The bank operated branches across the Australian colonies and later states, but its ownership and governance remained firmly in the City.

Fifty-pound notes at this level saw almost no retail handling. They moved between merchants, squatters, and banking houses — the kind of circulation that leaves little wear but sometimes produces interesting endorsement stamps on the reverse.

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