page_title: Colonial Bank of Issue
hierarchical_section_title: Colonial Bank of Issue
caption_attribution_description: English: Colonial Bank of Issue for the Government of New Zealand promissory note - 5 pounds - serial no 5986 - Wellington, 30th November 1853 red; printed on paper; overstamped in black- CANCELLED; serial number stamped in black ink- 5986; signed - Henry Hall, Manager
context_page_description: The Colonial Bank of Issue was a New Zealand state owned bank that operated between 1847 and 1856 in an early unsuccessful attempt to create a government-owned issuer of bank notes in New Zealand. The bank was created by an Ordinance of the Governor of New Zealand, Sir George Grey.
  Pressure from the newly formed Colonial Parliament, the Union Bank of Australasia, and the local commercial sector, along with views developed in the Colonial Office in the United Kingdom to allow experimentation on competition in the issue of banknotes, led to the bank being wound up by the New Zealand Colonial Bank of Issue Winding-Up Act 1856.
context_section_description: The Colonial Bank of Issue was a New Zealand state owned bank that operated between 1847 and 1856 in an early unsuccessful attempt to create a government-owned issuer of bank notes in New Zealand. The bank was created by an Ordinance of the Governor of New Zealand, Sir George Grey.
  Pressure from the newly formed Colonial Parliament, the Union Bank of Australasia, and the local commercial sector, along with views developed in the Colonial Office in the United Kingdom to allow experimentation on competition in the issue of banknotes, led to the bank being wound up by the New Zealand Colonial Bank of Issue Winding-Up Act 1856.
caption: Five pound note issued at Wellington 30 November 1855
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