1 Pound

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.