Promissory note, 1 pound
Production date
1845
Description
Unused promissory note from 1845 for one pound. Text printed on one side. Details how the note can be exchanged for one pound in Government Debentures or specie. Water mark with crown in the centre on the left hand side. Belonged to Edward Dorset of Taranaki but is unsigned.
Object detail
Production date
1845
Production period
Classification
Credit line
Promissory
notes,
private
currency
or
“shin
plasters”
were
essentially
IOUs
at
a
time
when
British
rule
was
only
starting
to
become
established
and
there
was
little
hard
coin
available.
The
holders
signed
the
notes
to
issue
them.
Interestingly
court
cases
demanding
they
be
redeemed
continued
into
the
1920s.
Accession number
PA2018.055
Collection type
Material
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