Private Bank Issues

Lot 2887    Session 10 (7.30pm Wednesday)    Private Bank Issues

Estimate $20,000
Bid at live.noble.com.au
SOLD $27,000

UNION BANK OF AUSTRALIA, one pound, issued at Melbourne but overstamped GEELONG three times, 1 Oct, 1845, (18 printed), No. 30341, hand signed by Directors, and entered by Horatio Hinley (the Chief Cashier), printed on watermarked paper probably with [UNION BANK OF] AUSTRALIA with a frame, with imprint on centre of bottom, 'Perkins Bacon & Petch, London, Patent Hardened Steel Plate', with vignettes of Queen Victoria and Britannia to left, Kangaroo and produce to right and ship between, black on white, (Vort-Ronald, p.223-230 on bank, five pound forgery note of similar type illustrated, Tomlinson p.101 illustrates one pound note of type). Folds and creases, with two unobtrusive pin-holes from folds, some aging tone, otherwise fine, very rare and the earliest known note of this bank.

Ex Dr. Alan Nicholson Collection, Sale 49 (lot 1608). This issue of the Union Bank of Australia (1837-1951), is of most interest, particularly as issued prior to the gold rush era and overstamped for issue from Geelong (a town of 4000 people at this time). No other note from any bank is known to be issued from Geelong prior to the gold rush era.