NEW ZEALAND. Union Bank of New Australia Limited £1, ND (1923). P-S372cts.
Color trial specimen printed by W&S in black and multicolored. This scarce
issue is one that is not often available in any form. The note shows with
Britannia seated up upper center with shoreline and ships in the background.
Queen Victoria at left with serial number protector below. Three punch cancels
and specimen overprints with only mounting remnants to mention. The last we
handled for the design was an issued note in a Fine grade, which brought
$1,494.00 as lot 24720 in our April 2012 Hong Kong sale. PMG Choice Uncirculated 64 Net. Previously Mounted.