50 Pounds

The London Bank of Australia was a British-registered institution operating branches across the Australian colonies and later states — one of several Anglo-Australian banks that retained London-registered status long after Australian federation in 1901. By 1910, that model was under pressure; the bank was absorbed into the English, Scottish and Australian Bank (ES&A) that same year, making any note attributable to this late period a product of an institution in the final phase of its independent existence.

A £50 note from a provincial commercial bank in this era would have seen almost no retail circulation — denominations of this size moved between merchants, squatters, and bank branches, not across shop counters. Survivorship is poor for exactly that reason: high-value notes were typically presented and cancelled rather than worn out.