Lot 2694

Description

Reserve Bank of New Zealand, L.Lefeaux, one pound, 1st August 1934, A 000001 (P.155). Attached by the edges to a cardboard frame with an inscription 'To the Rt. Hon. J.G.Coates/With the compliments of the Board of Directors of the Reserve Bank of New Zealand/August 1st 1934', minor foxing and some fading having been in a frame on the wall of the family home, otherwise extremely fine and a unique number one note.

Presented to Joseph Gordon Coates, (Minister of Finance from January 1933 to November 1935) and Chairman of the Designs Committee. A previous Prime Minister (1925-28), he was instrumental in passing the Reserve Bank of New Zealand Act in 1933 which established the Central Bank.

This and the previous lot bring together the only number one notes known for the first time in history.