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10 Shillings

Issuer Bank of New Zealand
Year 1917
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Reference(s) P#1
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Obverse lettering BANK OF NEW ZEALAND INCORPORATED BY ACT OF THE GENERAL ASSEMBLY ON DEMAND WE PROMISE TO PAY TO THE BEARER TEN SHILLINGS WELLINGTON 1ST DAY OF OCTOBER 1917 BANK OF NEW ZEALAND
Reverse description The reverse is engraved in warm golden-brown tones, with an intricate guilloche lathework pattern filling the field. A central oval vignette carries the Bank of New Zealand armorial device, flanked symmetrically by the numeral '10' on either side, while 'SHILLINGS' appears twice in the lower register within a fine decorative border. The bank name is lettered across the top of the composition.
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Comments

The Bank of New Zealand's earliest fully documented private banknote series, the 1917 issues were printed by Bradbury Wilkinson during wartime — a period when transatlantic shipping risks made the delivery of printed currency genuinely hazardous. New Zealand's note-issuing landscape at the time was dominated by private trading banks, with no central bank until 1934, meaning the BNZ operated with considerable autonomous authority over its own paper.

Pick 1 is the lowest-numbered entry in the New Zealand catalogue for a reason: pre-1917 BNZ issues remain poorly documented or are unconfirmed as distinct types. Whether earlier printings existed in comparable form is still debated among specialists.

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