Watch List notes:

Bank of New South Wales, fourth issue, twenty pounds, Wellington, 1 May (1914?), 17051, imprint of Charles Skipper & East, London (P.S157; Robb C.46; L.430). Heavy water stains, thinned and holed at right near 'Sterling', minor margin tears, paper still firm, fine and excessively rare, only two known in private hands. Provenance - The other known example was sold by us in November 2010, Sale 95 (lot 2552) The Robb Family Collection, achieving a hammer price of $18,000. Illustrated in Auckland Coin & Bullion Exchange 1984/5 and 1987/8 catalogues. Ex Spink Australia Sale 27 (lot 1796), Downie Auction 254, May 1994 (lot 471) and Sale 262, March 1997 (lot 1796), Heritage Sale 3525, April 2014 (lot 21603) and S.N.Agnew Collection.

Estimate: 10000 AUD