All eight Joint Stock commercial banks operating in the Irish Free State received the right to participate in the Consolidated Banknote Issue (Ploughman notes): Bank of Ireland; Hibernian Bank; Munster and Leinster Bank; National Bank; Northern Bank; Provincial Bank of Ireland; Royal Bank of Ireland; Ulster Bank
The Hibernian, Munster and Leinster, and Royal Banks were issuing notes for the first time. The other five banks also continued to issue their own note designs in Northern Ireland as part of the Northern Ireland issue.
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