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All-Ireland Currency - The Provincial Bank of Ireland
1825-1927



The Provincial Bank of Ireland 1825-1927 banknotesProvincial Bank of Ireland one pound 1884

Provincial Bank, Five Series: Series A 1825 - Series B 1871 - Series C 1918 - Series D 1919 - Series E 1920

Series F, continuing, Northern Ireland Issue, commencing 1929


The Provincial Bank of Ireland Ltd

1825


Irish Joint Stock Banks of Note Issue, 1824 Act

The 1824 Act allowed the creation of Joint Stock banks of note issue in Ireland with the right to issue notes outside of a 50 mile radius of Dublin, with Bank of Ireland retaining a monopoly on note issue within that radius. Prior to this the only joint stock bank in Ireland had been the Bank of Ireland, which had been established as a private joint stock bank by Royal Charter in 1783 and had sole right of note issue for a bank with greater than 6 partners.

Founded by Thomas Joplin and others in London in 1825 with 689 shareholders, the Provincial Bank of Ireland opened its first branch in Cork on 1 September 1825. Its primary aim was to introduce English capital into Ireland outside of the Dublin area.

The Provincial Bank of Irelnd was organised along the lines of the Scottish banks of the day, and imported Scottish expertise. The bank initially employed La Touche, a private bank, as its agency in Dublin. It opened an office at 60 South William St., Dublin in 1836 where it redeemed its banknotes, but did not issue or re-issue them, in accordance with the law.


All-Ireland Banknotes, pre-1928, Dublin issue, All Branches Listed


The Provincial Bank commenced its initial note issue in 1825. It issued a full range of denominations, 25 Shillings, 30 Shillings, £1, £2, £3, £4, £5, £10, £20, £50, £100. Of these, no £50 or £100 notes have been recorded except in proof form, or as half notes. Cut cancelled notes of all eras are common. Proof notes are also common.

Issued uncancelled notes of the following denominations are known: £1, £5, £10, as well as a few examples of £3 notes, and one £2 note and one example of a £20 note. Issued uncancelled notes dated prior to 1900 are quite rare.


Provincial Bank Small Size Notes Dublin Issue, 1919, 1920


Small size notes with branches were issued in 1919. These notes are quite rare.

From 1920 onwards branches were removed from banknotes. Small size £1 notes were issued in quantity. These are quite scarce as issued notes, and very common as punch-cancelled unissued remainder notes. A proof of a small size £5 note dated 1920 has been seen, as well as a proof of a large size £50 note dated 1920. Large quantities of £5 punch-cancelled unissued remainder notes are known


Later Irish banknote Issues, post-1928 and Northern Ireland


It issued Consolidated Banknotes in 1929, as well as its own Northern Ireland issue.

In 1966 The Provincial Bank of Ireland merged with The Munster and Leinster Bank and The Royal Bank of Ireland to form Allied Irish Banks. The new bank group retained the Provincial Bank identity in Northern Ireland and continued to issue banknotes there as the Provincial Bank of Ireland until 1981 when it issued banknotes under the title of Allied Irish Banks. It changed its title to First Trust Bank in 1994, and still continues to issue its own notes in Northern Ireland under that title.

Provincial Bank of Ireland one pound 1829Provincial Bank of Ireland one pound 1922





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