In the late 19th and early 20th century there was a proliferation of private banks which served their
local communities and issued banknotes. Many went bust but not the Stamford, Spalding and Boston
Banking Company which continued to issue banknotes until 1907 when it was absorbed into Barclays
Bank. When the merger occurred all the outstanding banknotes were honoured and a V shaped was
made into the notes to show they had been paid. We are delighted to offer examples of the £5 note
issued by the Stamford Spalding and Boston Banking Company. They are printed on one side only.
Available with cut signature panel but in crisp EF/GEF condition.
In the 19th century local banks proliferated, financed by local citizens. Many went bust but some, like the Stockton on Tees Bank, merged with larger banks to survive.
The Stockton on Tees Bank was taken over by the precursors of the Barclays Bank we know today. As part of the process, Barclays honoured the note issue and to show that this had been done, the signature panel was cut out. As every time a note was issued it was required for stamp duty to be paid, these notes were circulated extensively to avoid new duty being paid. The vast bulk of the Stockton on Tees notes that we see are very well circulated but we recently bought a group which were cancelled the usual way but are in much much higher grade. Here we present the Stockton on Tees £5 note dated in the 1880’s-90’s in Crisp GEF condition.
These £1 notes were for issue
by the Union Bank in Bath in
the late 18th century. (Outing 93b)
They are quite large and simply
printed on one side only in black
on white. The vignette is made up
of the entwined initials of the partners
Richard Thomas Crowe,
William Foden Holt and Ludlow
Holt and Co. It’s not often we get
the chance to offer a note intended
for issue in the 18th century. Crisp