Watch List notes:

THE UNION BANK OF AUSTRALIA LIMITED, uniform issue, specimen one pound, Wellington, 1st October, 1923., imprint of Waterlow & Sons Ld London, specimen note, Waterlow & Sons Ltd. 444 on top margin, overprinted Specimen Waterlow & Sons Ltd in red diagonally on front and back, three punch hole cancellations (L.543; P.S372s, Clifford N821). Nearly uncirculated.

Ex Noble Numismatics Sale 81, March, 2006, (lot 2630)