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| Uitgever | The Chartered Bank of India, Australia & China |
|---|---|
| Jaar | 1875 |
| Type | Standard circulation banknote |
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|---|---|
| Opschrift voorzijde | $5 INCORPORATED BY ROYAL CHARTER Penang 1st January 1875 THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA Promises to pay the Bearer on Demand at its OFFICE here FIVE DOLLARS in local currency for Value received. BY ORDER OF THE COURT OF DIRECTORS Entd. Acct. MANAGER |
| Beschrijving keerzijde | Log in om details te zien |
| Opschrift keerzijde | THE CHARTERED BANK OF 5 INDIA AUSTRALIA & CHINA |
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| Opmerkingen |
The Chartered Bank of India, Australia & China was incorporated by Royal Charter in 1853 and began Hong Kong operations shortly thereafter, competing directly with the Oriental Bank and later the Hongkong & Shanghai Banking Corporation for dominance in the China trade. By the 1870s it was one of only a handful of institutions with genuine authority to issue private banknotes across multiple territories simultaneously — the same plate design could theoretically circulate in Bombay, Shanghai, or Singapore.
W.H. Sprague & Co. handled printing for several colonial and private bank issues during this period, a smaller operation than Perkins Bacon or De La Rue but technically competent. The 1875 date places this note in the middle of a volatile decade for silver-denominated trade currencies, when the global price of silver was beginning its long structural decline — directly affecting the purchasing power of dollar-denominated instruments throughout the treaty port network.
The Chartered Bank eventually merged with the Standard Bank of South Africa in 1969 to form Standard Chartered.