1909 - Bank Cheque - Commercial Bank of Australia

Price : $44.95

1909 - Bank Cheque - Commercial Bank of Australia

At more than 100 years old this cheque is very well preserved.

The cheque is for payment for the "Cost of wire ...." to the sum of one shilling Sterling.

I am assuming that it is probably a wire transfer charge.

Counter stamped by the National Bank of Tasmania at Stanley.

Overall it is great condition for its age.

Unusual in that the amount on the cheque is so small.

A Time In Australian History When:

9 March – Electric trams begin operation in Adelaide.

2 June – The Labor government of Andrew Fisher is ousted from office by Alfred Deakin's Fusion Party, and Deakin becomes Prime Minister for the third time.

5 June – Steam trams begin operation in Rockhampton, Queensland.

18 August to 21 August – Disastrous floods strike Victoria.

6 October – Martha Rendell becomes the last woman to be hanged in Western Australia.

10 December – The University of Queensland is established.

*All historical info taken from Wikipedia for educational purposes only

Under English common law, a banker is defined as a person who carries on the business of banking, which is specified as:
1. conducting current accounts for his customers,
2. paying cheques drawn on him/her, and
3. collecting cheques for his/her customers.

In most common law jurisdictions there is a Bills of Exchange Act that codifies the law in relation to negotiable instruments, including cheques, and this Act contains a statutory definition of the term banker: banker includes a body of persons, whether incorporated or not, who carry on the business of banking. Although this definition seems circular, it is actually functional, because it ensures that the legal basis for bank transactions such as cheques does not depend on how the bank is structured or regulated.

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