Watch List notes:

UNION BANK OF AUSTRALIA LIMITED, fifth issue, one pound, Wellington, 1st March, 1905, No.3/N587446, imprint of Waterlow & Sons, Ld. London, (L.533, P.S362b, Clifford. N521b). Trimmed edge, good very fine and very scarce in this condition.

Ex Ross Meads Collection, Noble Numismatics Sale 54, July, 1997, (lot 3077) and formerly E.C. Price Collection.