This was the first bank note of the Straits Settlements printed by Union Bank of Calcutta . The bank was opened in December 1840, and closed a few years later. The only notes known from this bank and it is of the utmost historical importance .
In 1840, Union Bank of Calcutta opened its branch in Singapore and began printing its own banknotes. The bank had systematic and efficient banking system in the Straits settlement . After 1866, there were only 4 bank operating in the settlement, they were:
- The Oriental Bank
- The Chartered Merchantile Bank of India , London & China
- The Chartered Bank of India , Australia & China
- The Hong Kong & Shanghai Bank
During the initial stages, the banks functioned as "exchange banks" to manage the oversea transaction. and to provide financial assistance for commerce and short term business loans.
Interesting, but to be precise the picture shows blank form - it's not an issued note. Are there issued notes available (assuming that somebody can afford to buy one) or just those blanks have survived?
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how much is the collector's price for this bad boy?
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At least half a million ringgit( if you want a price) such thing is priceless.
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