The 1934 Australia Riddle & Sheehan 10 Pound banknote

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History:

The 1934 Australia Riddle & Sheehan 10 Pound banknote holds a special place in the annals of Australian financial history. This era was marked by significant social and political changes in Australia, and the design of this banknote reflects the context of the time.

Australia in 1934:

In 1934, Australia was still deeply connected to the British Empire. King George V, whose portrait graces the obverse of this banknote, was the reigning monarch. The British Empire's influence extended across the globe, including Australia, which had been a British colony for over a century.

Monetary System:

Australia was in the process of transitioning from the use of British pounds to the Australian pound. This banknote is a testament to that transition. It carries the denomination of 10 Pounds, which was a significant amount of money at the time. It was used for various financial transactions, including savings, trade, and more.

Riddle & Sheehan:

The signatures of Riddle and Sheehan, Secretary and Governor of the Commonwealth Bank of Australia, respectively, on this banknote, bear witness to the authority that the Commonwealth Bank held in Australian banking during this era. The bank was a key financial institution and played a central role in the nation's monetary policy.