Watch List notes:

THE UNION BANK OF AUSTRALIA LIMITED, fifth issue, twenty pounds, Wellington, 1st March 1905, No.3/N7949 imprint of Waterlow & Sons, Ld. London Wall, London, (L.539, P.S365, Clifford. N561b [this note]). Trimmed edge, otherwise nearly very fine and very rare.

Ex Ross Meads Collection, Noble Numismatics Sale 69, March, 2002, (lot 3062) and Sale 54, July, 1997, (lot 3081) previously from The E.C. Price Collection (not in sale, sold privately, November 1991 by Eccles).