Watch List notes:

The Union Bank of Australia Limited, uniform issue, five pounds, Wellington, 1st October 1923, 4/N 44550, imprint of Waterlow & Sons Limited, London (P.S373; Clifford N841). Repaired tear in right margin, otherwise nearly fine and rare.

Ex Noble Numismatics Sale 72 (lot 3089) and Warren Palmer Collection.
($1800-2000)