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1907 Rare Bank Cheque – Boulder, Western Australia

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SKU: BC1907-2C2 Category:

This is a genuine cheque from a bank which no longer exists. From a town that no longer really exists.

At over 100 years old it is a lovely piece of Australian history and is in very nice condition for its age.

The cheque is for the sum of 10 Pounds Sterling. It has the usual tellers spike holes.

Together with the 1906 cheque on offer here it makes a fabulous collectible from 2 consecutive years.

All the more rare.

Very collectible and a charming piece of the old West

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A cheque (or check in American English) is a document that orders a payment of money from a bank account. The person writing the cheque, the drawer, usually has a current account (most English speaking countries) or chequing/checking account (US; also, occasionally, Canada) where their money was previously deposited. The drawer writes the various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to pay that person or company the amount of money stated.

Cheques are a type of bill of exchange and were developed as a way to make payments without the need to carry large amounts of money. While paper money evolved from promissory notes, another form of negotiable instrument, similar to cheques in that they were originally a written order to pay the given amount to whoever had it in their possession (the “bearer”).

Technically, a cheque is a negotiable instrument instructing a financial institution to pay a specific amount of a specific currency from a specified transactional account held in the drawer’s name with that institution. Both the drawer and payee may be natural persons or legal entities. Specifically, cheques are order instruments, and are not in general payable simply to the bearer (as bearer instruments are) but must be paid to the payee. In some countries, such as the US, the payee may endorse the cheque, allowing them to specify a third party to whom it should be paid.

Although forms of cheques have been in use since ancient times and at least since the 9th century, it was during the 20th century that cheques became a highly popular non-cash method for making payments and the usage of cheques peaked. By the second half of the 20th century, as cheque processing became automated, billions of cheques were issued annually; these volumes peaked in or around the early 1990s. Since then cheque usage has fallen, being partly replaced by electronic payment systems. In an increasing number of countries cheques have either become a marginal payment system or have been completely phased out.

*All biographical details are taken from Wikipedia for education purposes only

History

Boulder was a town in the Western Australian goldfields 595 kilometres (370 mi) east of Perth and bordering onto the town of Kalgoorlie in the Eastern Goldfields region. Until 1989 it was part of its own municipality. In 1989 the towns of Kalgoorlie and Boulder were merged to form the City of Kalgoorlie-Boulder. After the merger Boulder officially became a suburb of Kalgoorlie.

At the 2006 census, Boulder had a population of 5,178.

On 20 April 2010 Kalgoorlie-Boulder suffered a magnitude 5.0 earthquake which damaged several of the historic buildings in Boulder

.A Time In Australian History When:

Alfred Deakin was Prime Minister.

Trunk telephone cables connecting Sydney & Melbourne are completed.

The first telephone call between Sydney and Melbourne is made.

The Murrumbidgee Irrigation Scheme commences in southern New South Wales.

Carlton & United Breweries is formed by the merger of six major Melbourne breweries.

Angus & Robertson booksellers is incorporated as a public company.

The Victorian Railways A2 class locomotive begins operating in Victoria.

*All biographical details are taken from Wikipedia for education purposes only.

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