Ulster Bank Notes Pre-1929

Banknote issues preceding the Irish Government issues. Joint Stock Banks. Private Banks.
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Ulster Bank Notes Pre-1929

Post by DOC » 02 Dec 2017 23:52

Hi Mac,

Nice job on the 1918-1928 pre-partition all-Ireland issues.
I attach scans for two other signature variants on Ulster Bank £1 notes, Robert Russell and James Ussher.
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Ulster Bank 1 Pound 1st Oct 1923 James Usher.jpg
Ulster Bank 1 Pound 1st Oct 1923 James Usher.jpg (112.49 KiB) Viewed 2732 times
Ulster Bank 1 Pound 1st Nov 1922 Robert Russell.jpg
Ulster Bank 1 Pound 1st Nov 1922 Robert Russell.jpg (114.98 KiB) Viewed 2733 times

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 15 Jun 2019 11:42

Here are two attractive colour proofs for the £1 notes: a branchless general issue note from ca.1920 and a multi-branch note from ca.1883.
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Ulster Bank 1 Pound Proof Branchless General Issue ca 1920.jpg
Ulster Bank 1 Pound Proof Branchless General Issue ca 1920.jpg (80.04 KiB) Viewed 2164 times
Ulster Bank 1 Pound Proof Multi-branch ca.1883.jpg
Ulster Bank 1 Pound Proof Multi-branch ca.1883.jpg (169.45 KiB) Viewed 2164 times

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 23 Jun 2019 10:48

Here are examples of Ulster Bank proof £100 notes, showing an interesting transition from multi-branch to branchless general issue notes. The example from 1904 shows all the branches, the 1918 proof is a transitional design with the branches in the side panels replaced by ‘One Hundred’. The design was modified again in 1920 and was ultimately used as the basis for the 1929 Northern Ireland Issue.
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Ulster Bank 100 Pounds Proof 1st Nov 1904.jpg
Ulster Bank 100 Pounds Proof 1st Nov 1904.jpg (85.76 KiB) Viewed 2093 times
Ulster Bank 100 Pounds Proof 1st May 1918.JPG
Ulster Bank 100 Pounds Proof 1st May 1918.JPG (121.24 KiB) Viewed 2093 times
Ulster Bank 100 Pounds Proof ca.1920.jpg
Ulster Bank 100 Pounds Proof ca.1920.jpg (121.53 KiB) Viewed 2093 times

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Re: Ulster Bank Notes Pre-1929

Post by Mac » 23 Jun 2019 23:10

The 1918 transitional proof is interesting. Always nice to see the construction proofs that show the evolution of a design.

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 05 Oct 2019 15:10

Here is an early Ulster Bank £1 note which turned up recently at auction. It appears to have suffered fire damage. Amazingly, this is the second example observed for this date which could well be the first date of the Series. It is the earliest example I have seen for of an issued multi-branch note from any of the Irish Joint Stock banks. Despite the damage, the signature is clearly visible and appears to be that of James Heron, a director of the bank at that time.

This type of note appears to be a previously undocumented type having no outline ‘ONE’ and printed by Charles Skipper & East, London. The proof notes of 1857 are similar in design with 18 branches but were printed by Perkins Bacon & Co.
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Ulster Bank 1 Pound 1st July 1852 James Heron.jpg
Ulster Bank 1 Pound 1st July 1852 James Heron.jpg (156.24 KiB) Viewed 1534 times

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Re: Ulster Bank Notes Pre-1929

Post by Mac » 08 Oct 2019 22:50

A pity about the grade! Even with the damage, it is still a presentable note, and remains redeemable at its face value!
The low serial number suggests that it is close to the start of its run, unless there was a run with just numbers and no prefix, which could have had an earlier date.

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 13 Oct 2019 11:01

It is possible that there is an earlier date without prefix. We may never know for sure as PMI reports that many of the bank’s early records, including most of the note registers, were lost when the Head Office was destroyed in 1941 during World War II.

Here is the other known example of the 1st July 1852 date. This is signed by Thomas Ringland who appears to have occupied the role of Secretary of the Bank at the time this note was issued. An example of an 1857 proof £1 note is also shown for comparison.
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Ulster Bank 1 Pound 1st July 1852 Thomas Ringland.jpg
Ulster Bank 1 Pound 1st July 1852 Thomas Ringland.jpg (53.07 KiB) Viewed 1459 times
Ulster Bank 1 Pound Proof 1st July 1857.jpg
Ulster Bank 1 Pound Proof 1st July 1857.jpg (144.57 KiB) Viewed 1459 times

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 09 Nov 2019 11:37

Perkins Bacon & Co. also printed higher denomination proof notes, examples of the £5 and £10 notes attached. Higher denomination notes from the 1850's have not been observed to date in issued form.
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Ulster Bank 5 Pounds Proof 1st July 1857.jpg
Ulster Bank 5 Pounds Proof 1st July 1857.jpg (134.02 KiB) Viewed 1282 times
Ulster Bank 10 Pounds Proof 1st July 1857.jpg
Ulster Bank 10 Pounds Proof 1st July 1857.jpg (179.01 KiB) Viewed 1282 times

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 21 Nov 2019 20:51

A £20 proof note is also known dated 1st July 1857. This was the highest denomination produced at the time although no issued examples have been documented. It is interesting to see that the branch panels of the notes issued by Charles Skipper & East are much darker than those of the proof notes produced by Perkins Bacon & Co.
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Ulster Bank 20 Pounds Proof 1st July 1857.jpg
Ulster Bank 20 Pounds Proof 1st July 1857.jpg (187.18 KiB) Viewed 1104 times

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Re: Ulster Bank Notes Pre-1929

Post by Mac » 21 Nov 2019 23:46

Nice one, I will add that £20 to the web site!

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 01 Dec 2019 11:16

Here is a later multi-branch £1 note issued in 1861 with prefix G and most likely a continuation of the Issue introduced in 1852 starting with prefix A. This note has a modified design with an outline 'ONE' over the central panel. Curiously, ‘BELFAST’ is missing from the lower border.

The note is signed by Robert Grimshaw, one of the founding directors. He was a key figure in the early history of the Ulster Bank.
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Ulster Bank 1 Pound 1st January 1861 Robert Grimshaw.jpg
Ulster Bank 1 Pound 1st January 1861 Robert Grimshaw.jpg (40.85 KiB) Viewed 865 times

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 08 Dec 2019 13:13

In 1862, Ulster Bank opened an office in Dublin. From 1862, the notes were modified to include Belfast and Dublin in the lower border. Here is an image of a £1 note that appeared on the web some time ago, dated 1st November 1878. The note is signed by A.J. Mulligan. An interesting feature is the red serials. It seems that there is an earlier variant of this type with black serial numbers but no images are available.
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Ulster Bank 1 Pound 1st Nov. 1878 A.J.Mulligan.JPG
Ulster Bank 1 Pound 1st Nov. 1878 A.J.Mulligan.JPG (71.84 KiB) Viewed 732 times

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Re: Ulster Bank Notes Pre-1929

Post by Mac » 15 Dec 2019 20:03

The prefixing on the 1878 has also been changed to a letter over letter, from using a single letter seen on the 1861 note above. Presumably prefixes reached Z and the double letters then started at AA.

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 18 Dec 2019 19:57

Yes, the move to fractional letter prefix is interesting as the prefix reached the end of the alphabet.

An image of a £5 note of this type also appeared on the web some time ago. The note is dated, 2nd Feb. 1874 with red serials, prefix letter C. The note is signed by Francis R. Lepper, a director of the bank at the time.
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Ulster Bank 5 Pounds 2nd Feb.1874 F.R. Lepper.jpg
Ulster Bank 5 Pounds 2nd Feb.1874 F.R. Lepper.jpg (42.03 KiB) Viewed 521 times

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Re: Ulster Bank Notes Pre-1929

Post by DOC » 11 Jan 2020 12:20

The bank changed its name in 1883 from the ‘Ulster Banking Company’ to the ‘Ulster Bank Limited’. Just before the bank name change, the design of notes was modified to include a coloured value panel. Notes with coloured value panel and old bank title ‘Ulster Banking Company’ are extremely rare and few examples survive.

A £100 proof note is known dated 1st May 1878. The first £100 notes were not issued until 1883 and unlike the 1878 proof note, had the bank title ‘Ulster Bank Limited’.
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Ulster Bank 100 Pounds Proof 1st May 1878.jpg
Ulster Bank 100 Pounds Proof 1st May 1878.jpg (177.92 KiB) Viewed 168 times

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