Union Bank of Australia Limited - Australian private issues banknotes - Notes of Australia - Coins and Australia - Coins and Australia

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Union Bank of Australia Limited - Banknotes

The Union Bank of Australia was a venture of British shareholders, managed and operated by colonial residents. The company was established in London in 1837 and officially opened it's first branch in Launceston on 1st May, 1838. It was a leading institution from its inception. Initially, capital of £500,000 in £25 shares was raised with the ability to increase this to £1,000,000 as required. A quarter of the shares were reserved for sale in the colony. As the company's business grew, it acquired the Tamar Bank in 1838, the Bathurst Bank in 1840, Archers Gilles & Co. in 1844 and the Bank of South Australia in 1892. Prudent management resulted in a highly stable company.

The financial strength of the bank was particularly evident during 1893 when it was one of only a handful of Australian banking institutions which did not suspend trading. With the bank's notes backed by New South Wales government legislation, their issue was instrumental in overcoming stagnant trade and commerce.

In 1911, the bank was one of 16 banks who supplied blank note forms to the Australian Government. These notes were superscribed as redeemable in gold and issued as the first Commonwealth notes.

In 1951, it merged with the Bank of Australasia, another 'British backed' bank, to form the ANZ Bank Ltd, now a cornerstone of the Australia and New Zealand Banking Group Limited.

Union Bank of Australia Limited - 1905

1, 5, 10, 20, 50 pounds notes were produced.

Union Bank of Australia Limited - 1903 to 1905

1, 5, 10, 20, 50 pounds notes were produced.

Union Bank of Australia Limited - 1893

In 1893, S&M produced 5 and 20 pounds banknotes for the Union Bank.

Union Bank of Australia Limited - 1881 to 1903

1, 5, 10, 20, 50 pounds notes were produced.

Union Bank of Australia Limited - 1877

A 1 pound 1877 was produced by CS&E, but never issued.

Union Bank of Australia Limited - 1861 to 1880

1, 5, 10, 20, 50 pounds notes were produced.

Union Bank of Australia Limited - 1854 to 1860

1, 5, 10, 20, 50 pounds notes were produced.

1 pound 1854 to 1860

Union Bank of Australia Limited - 1838 to 1854

1, 5, 10, 20, 50 pounds notes were produced.

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