Lot 2894

Description

Australian Wool Company, one pound, Sydney, October 20, 184(55), No 1355, at the Royal Bank of Australia Sydney, interest at five per cent per annum, imprint W.H. Bruce Engraver & Printer Trump Street, King Street, Cheepside, paper watermarked Australian Wool Company in three lines, Entd. Thos W. Culillmore, signed Alex Marsden. A full note, good fine and extremely rare, only the second known and the only one dated and issued.

For the other known note see the Nicholson Collection Sale 49B (lot 1617) and previously Spink Australia Sale 1 (lot 140), later in Sales 59 (lot 3096) and 71 (lot 2921). The Royal Bank was founded by Benjamin Boyd but failed in 1849, taking many years to settle all its banking affairs. This note was recovered from an old Australian stamp collection in Sydney.