Private Colonial Banknotes The Australian Joint Stock Bank Limited

Year(s)Denomination(s)
1853-70£50, £20, £10, £5, £1
1873-91£20, £10, £5, £1
1882-84£20, £10, £5, £1
1887£1
1892-93£50, £10, £5, £1
1893£10, £5, £1
1893-1910£50, £10, £5, £1

Notes:

The plan to create the Australian Joint Stock Bank was conceived by a group of prominent merchants and citizens at the Royal Hotel in Sydney in early 1852. Their plans became a reality when the bank opened for business in Sydney on 24 January, 1853.

The bank survived a difficult period in 1893 when it was suspended for several months. In 1910, it was reconstituted as the Australian Bank of Commerce Limited which acquired the City Bank of Sydney in 1916, eventually to be absorbed by the Bank of New South Wales in 1931 - now part of the Westpac Banking Group Limited.

Notes were issued from branches in Armidale, Brisbane, Goulburn, Grafton, Mudgee, Newcastle, Rockhampton, Sydney, Townsville, Wagga Wagga and West Maitland. The word 'Limited' was not used by the company on its notes until 1893.

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