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1 Pound

Issuer National Bank of Australasia
Year ND (1910)
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Composition Cotton paper
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Obverse description Orange and dark green note with an intaglio portrait vignette of a young woman at left within an oval frame, and an ornate guilloche border throughout. The bank title arcs across the upper field with branch city name above, serial numbers flanking a central coat of arms, and the denomination ONE POUND in bold letterpress script at centre. The word VICTORIA appears at the foot within a decorative panel.
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Reverse description Printed in orange and green, the reverse centres on a large circular guilloche underprint bearing a bold numeral 1, encircled by the legend THE NATIONAL BANK OF AUSTRALASIA LIMITED. Two oval cameo vignettes of a helmeted classical female head are placed symmetrically at left and right, with corner numerals 1 at each angle within the elaborate lathe-work border.
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Comments

The National Bank of Australasia was a Melbourne-based institution whose note-issuing history stretches back to 1858. By 1910 the private bank note era in Australia was effectively closing — the Commonwealth Bank Act of 1911 would soon give the federal government a vehicle to crowd out private issuers, and notes like this one belong to the last phase of that tradition. The NBA continued issuing until the Commonwealth Bank took over the currency function.

P#A121 is recorded as rare. Few examples are documented, and survivors in any grade are infrequently offered.

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