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Auction B49  25 Mar 2023
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Lot 1

Estimate: 20 000 SGD
Price realized: 24 000 SGD
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Private Banks of the Straits Settlements

North Western Bank of India, proof $100, Singapore, ND (ca 1856), no serial number, black and white, allegorical maiden (Commerce) at top centre with bales of produce at her feet, beehive (Industry) at her left, sailing ship in background, black SPECIMEN overprint in signature field, a wonderful Perkins Bacon printing, in PMG holder 63, choice uncirculated, excessively rare
TBB unlisted, Pick unlisted, KNB 4, Tan NWB 1 S$20,000-S$30,000

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The North Western Bank of India bank collapsed in 1859, and while there is no evidence that notes from the bank were ever issued in Singapore, this is amongst the very earliest examples of a banknote intended for issue there.
This is the Tan plate note
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