Private Bank Issues

Lot 2956    Session 10 (7.30pm Thursday)    Private Bank Issues

Estimate $35,000
Bid at live.noble.com.au
SOLD $61,000

VAN DIEMEN'S LAND, an extradordinary collection housed in original receipt book and stuck down on forty eight leaves (both sides), bills of exchange, drawn on the Commissariat Office Hobart on official forms for payment on the Treasury Chambers London, made out to various people for various sums, collection dates from 1823 to 1842. Includes bills of exchange on official forms from Commissariat Office these on forms by S. Clayton, many with signatures of William Sorell and George Arthur both Lieutenant-Governors of Van Diemen's Land, 1823 (2), 1824 (4), 1825 (8), 1828 (5), 1829 (10), 1830 (8), 1831 (2), 1832 (6), 1833 (7), 1834 (2), 1835 (3), 1836; Bills of Exchange drawn on Sydney 1830; hand written or partially printed sight notes (these on printed forms (by Bock, Hobart Town with a ship vignette) and others drawn on London forms (by J.Deacon, London), but most on Hobart printed or written forms), 1824 (2), 1825 (4), 1826 (5), 1827 (4), 1828 (2), 1829 (5), 1830 (11, one with John Hutchinson's signature for £30 to John Dunn on behalf of the Wesleyan Missionary Society, 77 Halton Garden, London see Lot ), 1831 (6), 1832 (11), 1833 (4), 1834 (2), 1835 (3), 1836 (1), 1837 (5), 1838 (2), 1839 (6), 1840 (6), 1841 (5), 1842 (20); printed fixed £100 sight notes 1826 (4) (these signed and approved by Sir George Arthur, Lt. Governor), 1827 (7, George Boyes Auditor of civil accounts) 1828 (4), similar with same approval with values written on printed forms £100, £150, £200, £500, £1600, dated 1826 (9, Arthur as above), 1827 (11, Boyes as above), 1828 (11), 1829 (5); cheques to individuals from John Butler 1827, The Bank of Australasia Sight note 1841, 1842. All stuck down on leaves, otherwise fine and all very rare as individual documents. (217)

This is a unique item reporting the financial history by official and private documents between individuals and the The Treasury in London. Many are printed on official printed forms from the Commissariat Office in Hobart and others from the accounts of the Lt. Governor or his auditor of civil accounts as nominee. The sight notes in many cases record the ships and departure dates for the first and second exchange notes. Bills of exchange are orders in writing by one person, or authority, to pay a specific sum to another person or bearer sometimes by a particular date. The bill of exchange is an unconditional order in writing addressed to a person to pay on demand the specified sum of money. Consequently we have a drawer of the bill (from) to a drawee (via - usually a bank or Treasury) to a payee (receiver). The use of bills of exchange enables one person to transfer to another an enforceable right to that sum of money. It can be transferable or negotiable to others as well. Usually three bills were prepared for each exchange - one staying with the drawer or issuer, one with the payee and the other staying with the drawee.