Watch List notes:

The Commercial Banking Company of Sydney, Limited, printers archival photographs showing obverse designs (3) for £5, c.1908-09, underprint very prominent in all three images, but shepherd boy shearing sheep visible at left, value at centre and corners(very similar to the 1907 issue, see Vort-Ronald page 148), two of the three backed on card, unique and interesting (3).

Estimate: £400 - £500