Watch List notes:

The Union Bank of Australia Limited, obverse and reverse archival photographs showing designs for £1, 1 January 1905, serial number A/2 012345, black and white, sheep and lambs at top centre, value at centre and corners, reverse, female allegory at centre, value at left and right(unlisted), the 1905 issue for the Union Bank was actually printed by Waterlow, so this is most likely the design put forward by Bradbury Wilkinson in a failed attempt to get that contract, backed on card, unique and very attractive and important (2).

Estimate: £400.00 - £600.00