Watch List notes:

THE UNION BANK OF AUSTRALIA LIMITED, uniform issue, specimen ten pounds, Wellington, 1st October, 1923., imprint of Waterlow & Sons Limited, London., not numbered, with punch hole cancellations in signature and serial panels (L.545, P.S374, Clifford 851). Two minute pin-holes left margin otherwise nearly uncirculated and very rare.

Ex Noble Numismatics Sale 80, November, 2005, (lot 2979).