Kōrero: Coins and banknotes

Trading bank banknotes: Colonial Bank of Issue note (1 o 3)

Trading bank banknotes: Colonial Bank of Issue note

This £5 note produced by the Colonial Bank of Issue is not dated and does not appear to have been issued. This bank was set up by the government in 1850 in an attempt to ensure a sufficient and stable currency. Coins in particular were in short supply and the government wanted people to use the bank's notes instead. The bank was wound up in 1856, partly because not enough people were willing to exchange their coins for banknotes. As was typical in this period, the note is very plain and was blank on the reverse side.

Te whakamahi i tēnei tūemi

Reserve Bank of New Zealand

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Te tuhi tohutoro mō tēnei whārangi:

Kerryn Pollock, 'Coins and banknotes - Varied coins and banknotes, 1840s to 1930s', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/object/37128/trading-bank-banknotes-colonial-bank-of-issue-note (accessed 25 January 2020)

He kōrero nā Kerryn Pollock, i tāngia i te 20 Jun 2012