Watch List notes:

(x) Reserve Bank of New Zealand £5, 1st August 1934, 4K 245617, blue on multicolour underprint, Kiwi at left and arms at upper centre with portrait of Maori chief at lower right, reverse Milford Sound and Mitre Peak at centre.(Pick 156) about very fine, several creases and folds but paper still relatively crisp and colours strong.

Estimate: £300 - £400