Private Bank Issues

Lot 1574       Private Bank Issues

Estimate $3,000
Bid at live.noble.com.au
SOLD $4,600

THE LONDON CHARTERED BANK OF AUSTRALIA, Brisbane, one pound, dated 1 December 1887, (date fully printed), numbered A 36361, signed by uncertain signature for manager and countersigned by W.N. Dazell, on paper, probably watermarked but uncertain of type, imprint of 'Bradbury Wilkinson & Co. Engravers &c London', vignettes of shields at sides, and ornamental circular tablets with 1 in all corners, and Ã…â€Å‣ ONE in tablet lower left, all within rectangular ornate border inscribed 'QUEENSLAND' below and 'BRISBANE' above, states below, 'I Promise to pay the Bearer One Pound Stg. on Demand Value received at Brisbane. For The London Chartered Bank of Australia', with orange and green ONE POUND across centre with additional geometic designs, back with large central ONE with green frame, orange, green and black on white/red and green on white, (Vort-Ronald, Type two (d) This Note mentioned, comments on bank and type p.165-170, similar issued note, illustrated Fig. 177 [p.166]). A few folds and creases, otherwise very fine and very rare.

The London Chartered Bank of Australia was formed in 1852 in London. They opened branches in Melbourne and Sydney in July 1853. The Brisbane branch (whose banknotes are much rarer than the Sydney and Melbourne issues) opened in 1882. The bank suspended payment in April 1893 but re-opened in August 1893. It merged in 1921 with the English, Scottish & Australian Bank which in turn amalgamated with the A.N.Z. Bank in 1970.