City of Melbourne Bank Limited - Banknotes
The City of Melbourne Bank Limited commenced operations in 1873. Never financially strong, the bank borrowed heavily in the 1889-90 land boom to finance speculative ventures. In this exposed position, it did not survive the financial crisis of the 1890's, suspending payments in 1893. A reconstruction in same year, in an attempt to meet commitments, was not a success and the bank was forced to close permanently in 1895.
City of Melbourne Bank Limited - 1877
1, 5, 10, 20, 50, 100 pounds notes were produced.