Watch List notes:

English, Scottish & Australian Chartered Bank, New Zealand, obverse and reverse proof for a £1, Melbourne, 1 January 1889, (Vort-Ronald Type 2, Pick unlisted) obverse cut cancelled, both with mounting traces at reverse and pencil annotations, aunc and EF respectively, obverse and reverse rarely seen together, scarce bank (2 notes).

Estimate: £250 - £300