Private Bank Issues

Lot 3264    Session 10 (7.30pm Thursday)    Private Bank Issues

Estimate $900
Bid at live.noble.com.au
SOLD $1,900

NEW SOUTH WALES, Specimen unissued gold fund bond for US five hundred dollars printed for the Equitable Trust Company of New York by the American Bank Note Company, as the Fiscal agent, on February 1, 1927 for a period 30 years with attached 60, six monthly $12.50 coupons signed by Jack Lang, Premier and Colonial Treasurer of New South Wales, each signature has small circular punch through it, all numbered as No.00000. The rate of interest was set at 5% per annum, and the full sum of $500 to be redeemed on February 1, 1957. As issued with immense historical value, extremely fine and believed to be unique.

Ex. Estate of C.R. Chapman, former Under-Secretary of the Treasury of New South Wales at that time. These bonds were to provide $25,000,000 as an external loan to the State of New South Wales created under authority of the Government Loan Act of December 30, 1926 by the N.S.W. Parliament. Also in the lot some photocopied material extracted from a book on the details of payment for the bridge. See note above.