Watch List notes:

New Zealand. Bank of Australasia. 5 Pounds. Wellington, 5th August 1913. P-S118p. Proof. Black on pale orange. 7 ¾ x 3 ½ ". No guilloche. Iris holding winged caduceus and Agriculture seated upper center. Proof cut or printed to end just below "For the Bank of Australasia". Stain at blank back's four corners from mounting in display book. EF-AU..

Estimate: $200-300