Northern Banking Company Notes Pre-1929

Banknotes issued by Joint Stock Banks prior to 1929
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DOC
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Northern Banking Company Notes Pre-1929

Post by DOC »

Here is an interesting pair of multi-branch £1 notes issued by the Northern Banking Company in 1916. It shows the transition from a variety with red serial numbers to black serial numbers.
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Northern Bank 1 Pound 1st May 1916 J.Thompson.jpg
Northern Bank 1 Pound 1st May 1916 J.Thompson.jpg (168.06 KiB) Viewed 3097 times
Northern Bank 1 Pound 1st Nov. 1916 Hugh Craig.jpg
Northern Bank 1 Pound 1st Nov. 1916 Hugh Craig.jpg (159.92 KiB) Viewed 3097 times

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Mac
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Re: Northern Banking Company Notes Pre-1929

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That's an interesting pair of notes, splitting the prefix across two varieties.
I shall add those to the Northern Bank page on the main web site.

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Re: Northern Banking Company Notes Pre-1929

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It is not certain which Irish Joint Stock Bank was the first to introduce multi-branch notes. However, it seems likely that it was one of the Belfast based banks in the early 1850’s. There are no early surviving notes from this period for the Belfast Banking Company but two issued notes are known for the Ulster Banking Company dated 1st July 1852. A Northern Banking Company specimen is known with just 12 branches and a date of October 1st 1851 penciled in the bottom margin (see attached).

Based on these observations, the Northern Banking Company may have been the first bank to issue multi-branch notes in Ireland.
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Northern Banking Company  1 Pound Specimen 1st October 1851.JPG
Northern Banking Company 1 Pound Specimen 1st October 1851.JPG (142.52 KiB) Viewed 2137 times
Northern Bank 1 Pound Specimen 1st October 1851 in Pencil.JPG
Northern Bank 1 Pound Specimen 1st October 1851 in Pencil.JPG (43.15 KiB) Viewed 2137 times

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Mac
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Re: Northern Banking Company Notes Pre-1929

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DOC wrote:
23 May 2020 19:53
Based on these observations, the Northern Banking Company may have been the first bank to issue multi-branch notes in Ireland.
I think Bank of Ireland first introduced the concept of multibranch notes, when they started issuing notes with two branches on them in addition to Dublin in the 1830s.

The earliest Bank of Ireland note with more than two branches on it that I have recorded is 1855—a protomultibranch note with 6 branches.
However, there is a gap between 1852 and 1855 where we haven't seen any notes. The Northern beats any notes in that gap that with fully engraved branches from 1851.

Thanks for the pic, I will add it to the main site listing!

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Re: Northern Banking Company Notes Pre-1929

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The Northern Banking Company experimented with different designs of multi-branch notes in the early 1850’s. Here is an attractive trial design with 12 branches, most likely printed in 1850 or 1851. The design was not adopted probably because it would be difficult to accommodate additional branches in the wavy borders as the Bank expanded its network.
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Northern Banking Company 1 Pound Proof ca 1851.jpg
Northern Banking Company 1 Pound Proof ca 1851.jpg (139.31 KiB) Viewed 1207 times

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