Private Bank Issues

Lot 1516       Private Bank Issues

Estimate $1,500
Bid at live.noble.com.au
SOLD $1,600

THE BANK OF ADELAIDE, Adelaide, one pound, dated 1 March 1907, (date fully printed), numbered 1343475, perforated 'CANCELLED' twice across note, signed for manager with uncertain signature and countersigned by G. Sabine, on paper, probably watermarked but uncertain type, imprint of 'Bradbury, Wilkinson & Co Ld Engravers, London', vignette in centre of woman facing wearing wreath, and ornamental shield tablets with '1' in top corners, and 'ONE' in block lower corners, all within rectangular ornate border, states below, 'I Promise to pay the Bearer on Demand at our Office here the Sum of One Pound Sterling Value received, Adelaide 1st March 1907, for The Bank of Adelaide', 'ONE' in yellow across note, back with bank building in centre, '1' in corners, legend above and below 'THE BANK OF ADELAIDE' and 'ONE POUND', yellow and black on white/blue brown and green on white, (Vort-Ronald, Type three, comments on bank and type p.52-56, similar issued note with 'Cancelled' perforations, illustrated Fig. 53 [p.56]). A few folds and creases, with stain on left margin, otherwise nearly very fine and very rare, being one of the best of the few surviving banknotes.

The Bank of Adelaide (1865-1980), was taken over by the ANZ banking group in 1980. It was a successful bank which had a small share of the South Australian market making the surviving banknote issues as all being very rare. This bank survived the banking crises of the 1890's without closing its doors and by the middle of the 20th century it was regarded as a pillar of the Adelaide establishment. The issues of this date are numbered from 1310001 - 1400000, and the last issues were on August 26, 1910.