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10 Pound Sterling
| Issuer | London & Natal Bank Ltd., Durban |
|---|---|
| Year | 186x |
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| Currency | Pound sterling (1694-date) |
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| Obverse description | Unissued remainder printed in black on white paper. The upper portion bears the bank's title 'LONDON & NATAL BANK LIMITED' in bold letterpress above a central vignette of a heraldic shield flanked by cattle and a pastoral landscape with ships in the background, enclosed within ornate guilloche borders. The denomination 'TEN POUNDS' appears in a rectangular panel at centre, with a promise-to-pay text in copperplate script, spaces for date and signatures at lower left and right reading 'LONDON' and 'DURBAN, NATAL', and an ornamental 'Ten' cartouche at lower left with 'Managing Director' and 'Manager' signature lines at bottom. |
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| Obverse lettering | LONDON & NATAL BANK LIMITED We Promise to pay the Bearer on Demand TEN POUNDS DURBAN, NATAL LONDON By Authority of the Board Managing Director Manager Ent'd |
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| Comments |
The London & Natal Bank Ltd. was a short-lived institution, incorporated in London in 1860 to service colonial trade through Durban. It collapsed in 1866 after a run on deposits triggered by financial instability in Natal's young mercantile economy, which makes any surviving note from this issuer genuinely rare — the bank barely outlasted its own founding decade.
Waterston of Edinburgh is not a name that appears frequently in colonial banknote printing history, and their involvement here may reflect cost-driven choices rather than established relationships with African colonial issuers. The decade date "186x" confirms the entire note run falls within that single troubled period of operation.