Private Bank Issues

Lot 2786    Session 10 (7.30pm Thursday)    Private Bank Issues

Estimate $4,000
Bid at live.noble.com.au
SOLD $8,000

THE BANK OF ADELAIDE, Adelaide, one pound, dated 1 June 1892, (date fully printed), numbered 759493, perforated 'CANCELLED' twice across note, signatures present but uncertain, 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 June 1892, 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, This Note illustrated Fig. 53 [p.56], see Nicholson Sale 49 [lot 1516, for similar cancelled note]). A few folds and creases, with crease stains etc., otherwise good fine and very rare, being one of the few surviving issued cancelled banknotes.

Ex Michael P. Vort-Ronald Collection, sold Spink Auctions (Australia) Sale 24 Part 1 (lot 1). 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.