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5 Pounds
| Issuer | Commercial Banking Company of Sydney |
|---|---|
| Year | ND (1910) |
| Type | Log in to see details |
| Value | 5 Pounds |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | COMMERCIAL BANKING COMPANY OF SYDNEY FIVE POUNDS On Demand We Promise to pay the Bearer FIVE POUNDS Sterling SYDNEY day of 18 FOR THE COMMERCIAL BANKING COMPANY OF SYDNEY Manager FIVE POUNDS |
| Reverse description | Log in to see details |
| Reverse lettering | CANCELLED |
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| Comments |
The Commercial Banking Company of Sydney was one of the oldest joint-stock banks in New South Wales, established in 1834 and surviving long enough to eventually be absorbed by the National Bank of Australasia in 1982. By 1910, Australian banking was already moving toward federation-era consolidation, and private banknotes from this period were living on borrowed time — the Australian Notes Act of 1910 gave the Commonwealth the exclusive right to issue currency, effectively ending private bank note circulation within the year.
Perkins, Bacon & Co. had a long relationship with colonial and Australasian issuers. This note is among the last of its kind from this bank.