1. Superscribed banknotes (1910–1914)

2. Commonwealth banknotes of the Australian pound
    Issuance of the Australian pound banknote (1913–1965) 

3. References
    Footnotes  Notes  Bibliography 

Banknotes of the Australian pound were first issued by numerous private banks in Australia, starting with the Bank of New South Wales in 1817.{{sfn|Pitt|2013|p=163}}{{refn| This article is a split-off from Australian pound. The opening text was initially copied verbatim from the Banknotes section of the article.| group="nb"}} Acceptance of private bank notes was not made compulsory by legal tender laws but they were widely used and accepted. The Queensland government issued treasury notes (1866–1869) and banknotes (1893–1910),{{sfn|Pitt|2013|p=180}} which were legal tender in Queensland. The New South Wales government issued a limited series of Treasury Notes in 1893.{{sfn|Pitt|2013|p=180}}

In 1910, the Commonwealth passed the Australian Notes Act of 1910 to initiate banking and currency reform. The Act stipulated that six months after the date of passage (16 September 1910), private banks could no longer issue any form of money, and that any note or instrument issued by a State Bank would no longer be considered legal tender.{{sfn|Australian Notes Act|1910|p=14}} The Act further established the powers of the Commonwealth to issue, re-issue, and cancel Australian notes.{{sfn|Australian Notes Act|1910|p=15}} The Act also established denominations, legal tender status, and the amount of gold coin held in reserve to secure the issues.{{sfn|Australian Notes Act|1910|p=15}} On 10 October 1910 (prior to the effective date of the Notes Act), a Bank Notes Tax Act 1910 imposed a "Ten pounds per centum" tax on all issued or re-issued bank notes.{{sfn|Bank Notes Tax Act|1910}} A third currency reform act was passed on 22 December 1911 establishing the Commonwealth Bank.{{sfn|Commonwealth Bank Act|1911}} The Commonwealth Bank Act of 1911 specifically stated that the Bank was not to issue bills or notes for circulation.{{sfn|Commonwealth Bank Act|1911|p=Part II(8)}} The Australian Treasury issued banknotes until a 1920 amendment to the Commonwealth Bank Act of 1911. The amendment established a note-issuing department within the bank which assumed those responsibilities previously held by the Treasury.{{sfn|Commonwealth Bank Act|1920|p=No.7(60a-60h)}}

On 14 February 1966 the Australian pound was replaced by a decimal currency, the Australian dollar, which was divided into one hundred cents.^[1]

Superscribed banknotes (1910–1914)

The first national issue of paper money (known as Superscribed banknotes) consisted of overprinted notes from fifteen private banks and the Queensland government, issued between 1910–1914 in denominations of £1, £5, £10, £20, £50 and £100.{{sfn|Pitt|2013|p=176}} The notes, purchased by the Australian government from the remaining private bank stock,{{sfn|Pitt|2013|p=176}} were overprinted with the words "Australian note". Surviving notes above the £10 denomination are extremely rare: two £20 notes are known (privately held), £50 notes are known in the collections of the Reserve Bank of Australia and the Art Gallery of South Australia, and no £100 banknotes of this series are known to exist.{{sfn|Pitt|2013|p=176}}

Commonwealth banknotes of the Australian pound

In 1913 the first national banknotes were introduced in denominations of 10s,{{sfn|Pitt|2013|p=183}} £1,{{sfn|Pitt|2013|p=191}} £5,{{sfn|Pitt|2013|p=200}} and £10.{{sfn|Pitt|2013|p=207}} 1914 saw the introduction of £20,{{sfn|Pitt|2013|p=212}} £50,{{sfn|Pitt|2013|p=213}} £100,{{sfn|Pitt|2013|p=214}} and £1000 notes.{{sfn|Pitt|2013|p=215}} The £1000 note only saw limited circulation and was later confined to inter-bank use. Stocks were destroyed in 1969 and there are no uncancelled examples of this note known to exist in private hands, though a single cancelled example sold in a 2007 auction for AU$1,200,000.{{sfn|Pitt|2013|p=215}}

Design alterations were introduced fairly quickly. Beginning in 1915, 10s notes included a red "Half Sovereign" overprint.{{sfn|Pitt|2013|p=184}} Banknote size was reduced for the £1 (1923),{{sfn|Pitt|2013|p=195}} £5 (1924),{{sfn|Pitt|2013|p=202}} and £10 (1925).{{sfn|Pitt|2013|p=208}} A portrait of King George V was introduced in the mid 1920s on the 10s through £10 notes.{{sfn|Pitt|2013|pp=185–208}} These notes still referred to the currency's convertibility to gold on demand.{{sfn|Pitt|2013|pp=185–208}} A newer £1000 note (1923–1928) with the profile of George V was also prepared but never issued.{{sfn|Pitt|2013|p=220}} A punch-cancelled specimen note was discovered in London in 1996 and subsequently sold for a sum in excess of $200,000. Nonetheless, this note is not recognized as a legitimate Australian banknote issue.

Just after the start of the Great Depression in 1933, Australian currency ceased to be redeemable for gold at the previously maintained rate of one gold sovereign for one pound currency. Subsequently, a new series of legal tender notes were designed, once again bearing the portrait of King George V, in denominations of 10s, £1, £5 and £10.{{sfn|Pitt|2013|pp=185–209}} These denominations and designs were maintained and modified to accommodate the portrait of King George VI in 1938.{{sfn|Pitt|2013|pp=189–210}} For both issues £50 and £100 specimens were prepared, but were not issued.{{sfn|Pitt|2013|pp=219–220}}

Issuance of the Australian pound banknote (1913–1965)

References

Footnotes

Notes

Bibliography

• {{Cite book |url=https://books.google.com/books?id=22dKPgAACAAJ&dq=standard+catalog+of+specialized+issues&hl=en&sa=X&ei=HLRiVZD4FcmXygSZj4Fg&ved=0CCgQ6AEwAg|location=|page=|title= Standard Catalog of World Paper Money Specialized Issues|edition=11|ref=harv|publisher=Krause|isbn=978-1-4402-0450-0|editor-last=Cuhaj|editor-first=George S.|year=2009}}
• {{Cite book|url= https://books.google.com/books?id=BuNA39dnuHsC |location=|page=|title= Standard Catalog of World Paper Money General Issues (1368–1960)|edition=13|ref=harv|publisher=Krause|isbn=978-1-4402-1293-2|editor-last=Cuhaj|editor-first=George S.|year=2010}}
• {{cite book |url= https://books.google.com/books?id=eLjpnQEACAAJ |location= |title= Renniks Australian Coin and Banknote Values|edition=25|ref=harv |publisher= Renniks Publications|isbn=978-0-9873386-2-4|editor-last=Pitt|editor-first=Michael T.|year=2013}}
• {{cite act| title = Australian Notes Act| type= | number = 11| language = | date = 16 September 1910| article = | articletype= | url = http://www5.austlii.edu.au/au/legis/cth/num_act/ana191011o1910241/ | accessdate = 11 July 2015| ref=harv}}
• {{cite act| title = Bank Notes Tax Act 1910| type= | number = 14| language = | date = 10 October 1910| article = | articletype= | url = https://www.comlaw.gov.au/Details/C1910A00014 | accessdate = 11 July 2015| ref=harv}}
• {{cite act| title = Commonwealth Bank Act 1911| type= | number = 18| language = | date = 22 December 1911| article = | articletype= | url = https://www.comlaw.gov.au/Details/C1911A00018 | accessdate = 11 July 2015| ref=harv}}
• {{cite act| title = Commonwealth Bank Act 1920| type= | number = 43| language = | date = 30 November 1920| article = | articletype= | url = https://www.comlaw.gov.au/Details/C1920A00043/7550e3af-1cac-4f6f-8166-3a2a74fae10a | accessdate = 2 August 2015| ref=harv}}

• Wemotaci Atikamekw Council
• Wemotaci, Quebec
• We Move
• WeMove Theatre
• Wempi Wetipo
• Wempletown, Illinois
• Wemple, William
• WEMQ
• Wem Town F.C.
• Wemu.org
• We Must Love
• We Must Love (EP)
• Wemyss and Buckhaven Railway
• Wemyss Bight
• Wemyss Bight, Bahamas
• Wemyss, David
• Wemyss Estate Railway
• Wemyss, Fife
• Wemyss school of needlework
• Wemyss School of Needlework
• Wemyss Simpson
• Wemyss, William
• Wenaas
• Wenallt Camp
• Wenamba