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5 Dollars

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
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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.

MISSCHIEN OOK INTERESSANT