By
Nilaish - IBNS Member
"Promissory notes which were issued before 1860, were less used by public than merchants and servants of the Company, these promissory notes served for heavy transactions of gold and silver coins!"
1 Introduction
The Bank of Bengal (1809-1861), Bank of Bombay (1840-1861) and Bank of Madras (1843-1861) were three semi-government banks who issued promissory notes in the Bengal, Bombay and Madras Presidency. These banks first started the wide culture of promissory notes in India. These notes were paid in gold and silver coins on demand at the desired branch. These promissory notes were sometimes, cut in halves and rejoined at the time of payment, and signatures were torn to cancel the note and stamped CANCELLED in blue, red and black.
In these cancelled notes we find a hoard of notes with Accountant signatures only in Bank of Bengal promissory notes. The notes of Bank of Bengal are of three types broadly; Unifaced series, Commerce series and Britannia series.
Bank of Bombay and Bank of Madras notes were spared from being cut in halves and signatures torn. A very few of them have survived in better grades than Bank of Bengal notes. The promissory notes of Bank of Madras are a very few...but some contains signatures of Treasurer and Secretary. The Bank of Bombay notes contains two signatures of Treasurer and Secretary between 1840 and 1860.
2 Accountants Signatures on Bank of Bengal Promissory Notes:
Nilaish - IBNS Member
"Promissory notes which were issued before 1860, were less used by public than merchants and servants of the Company, these promissory notes served for heavy transactions of gold and silver coins!"
1 Introduction
The Bank of Bengal (1809-1861), Bank of Bombay (1840-1861) and Bank of Madras (1843-1861) were three semi-government banks who issued promissory notes in the Bengal, Bombay and Madras Presidency. These banks first started the wide culture of promissory notes in India. These notes were paid in gold and silver coins on demand at the desired branch. These promissory notes were sometimes, cut in halves and rejoined at the time of payment, and signatures were torn to cancel the note and stamped CANCELLED in blue, red and black.
In these cancelled notes we find a hoard of notes with Accountant signatures only in Bank of Bengal promissory notes. The notes of Bank of Bengal are of three types broadly; Unifaced series, Commerce series and Britannia series.
Bank of Bombay and Bank of Madras notes were spared from being cut in halves and signatures torn. A very few of them have survived in better grades than Bank of Bengal notes. The promissory notes of Bank of Madras are a very few...but some contains signatures of Treasurer and Secretary. The Bank of Bombay notes contains two signatures of Treasurer and Secretary between 1840 and 1860.
2 Accountants Signatures on Bank of Bengal Promissory Notes:
Signature 1: Henry Tyler (Jan. 1809- Jan 1824),
Accountant, left below denomination panel manuscript signature.
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Signature 2: H. Henderson (Jan 1824- October 1839),
Accountant, left above denomination panel manuscript signature.
Signature 3: H. I. Lee (April 1834 - Feb. 1860),
Accountant, Left above the denomination panel manuscript signature.
Signature 4: C.N. Cooke (April 1834 - Mar. 1867),
Accountant, Left above denomination panel manuscript signature.
Signature 5: G.W. Moultrie (Aug. 1852 - Aug. 1881)
Accountant and Treasurer, right below the Bank of Bengal Panel manuscript signature.
Image Courtesy: Todywalla Auctions.
3 Secretary and Treasurer's signatures on Bank of Bombay and Bank of Madras notes:
Signature 1: John Stuart (1842-1860),
Secretary and Treasurer, Right below 'For the Bank of Bombay' manuscript signature. Image Courtesy: Rezwan Razack
Signature 2: James Blair (1855-1865)
Secretary and Treasurer, Right below 'For the Bank of Bombay' manuscript signature.
Signature 3: Robert Hunter (1845-1850),
Bank Secretary, Right below 'For the Bank of Madras' manuscript signature. Image Courtesy: Rezwan Razack.
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