Stunning to look at and so clean and fresh, this is one banknote that would never fail to do well in an investment portfolio.
Crisp, clean paper without a single blemish you might even say pristine. pride of place in this year for your collection.
This one has the Gothic No. 18 font and centre thread.
Obverse: John Macarthur (1766 – 11 April 1834) was a soldier, entrepreneur, politician and pioneer of the Australian wool industry.
Reverse: William James Farrer (3 April 1845 – 16 April 1906) was a leading Australian agronomist and plant breeder. Farrer is best remembered as the originator of the “Federation” strain of wheat, distributed in 1903. His work resulted in significant improvements in both the quality and crop yields of Australia’s national wheat harvest, a contribution for which he earned the title ‘father of the Australian wheat industry’.
Watermark: Captain Cook in left panel
Macarthur was eventually to realise that the economic potential of wool production for export far exceeded that of rearing sheep primarily for the provision of mutton within the colony. Initially, however, he reared sheep for mutton, purchasing his first flock in 1795. In 1797, Macarthur purchased a portion of a small flock of Spanish merinos imported from the Cape Colony by Captain Waterhouse, a Royal Navy officer who had been despatched to the Cape by Governor Hunter to obtain ‘live cattle. The Merinos, including three rams, were bought by several landowners, including Samuel Marsden. By 1801, Macarthur was the largest sheep rearer in the colony, although he was certainly not the only landowner to have experimented with the breeding of fine-wooled sheep. As late as July 1800, there is no evidence of any ‘prophetic word’ from Macarthur about the future of Spanish wool: at that time he was considering selling his entire flock. On his way to England, for trial over the duel with Colonel Paterson, Macarthur’s ship had put in for repairs in Indonesia, where he met and offered timely advice to the young and inexperienced British Resident at Amboyna, Sir Robert Farquhar, son of the Physician in Ordinary to the Prince of Wales, Sir Walter Farquhar. Sir Walter became an important patron and friend to Macarthur. For example, when William Davidson, later Macarthur’s business partner in New South Wales, applied for land next to Macarthur’s holdings at Parramatta, he carried with him a letter of introduction announcing his Royal connections as nephew to Sir Walter Farquhar.While in London, Macarthur lobbied extensively in support of his interests back in New South Wales. The Colonial Secretary, Lord Camden, was highly supportive and backed Macarthur for a grant of 10,000 acres (40km²) of his choosing. Sir Joseph Banks, however, was not impressed with either Macarthur or his commercial venture. When Macarthur failed to conceal his low opinion of Banks, Banks became a strong opponent of the plan and had the grant halved. When he arrived back in Sydney in 1805 Macarthur further antagonised local authorities by claiming his 5,000 acres (20km²) in the Cowpastures. This was prime grazing land, well supplied by water from the Nepean river, and reserved by the Governor exclusively for the colony’s cattle herds. Both Governors King and Bligh strongly objected to this and wanted the grant moved, but the Colonial Office wrote back affirming Macarthur’s right to the land. Macarthur named it Camden Park after his patron. Bligh also turned down Macarthur’s request for the remaining 5000 acres (20km²) after he had begun exporting wool to England. Bligh was firmly opposed to Macarthur’s venture, according to Evatt, not because he objected to the fine wool industry, but because he believed that ‘first preference should be given to agriculture’. As reported much later by Macarthur, Bligh said to him in a conversation at Government House; “What have I to do with your sheep, sir? What have I to do with your cattle. Are you to have such flocks of sheep and such herds of cattle as no man ever heard of before? No, sir!”.
*All biographical details are taken from Wikipedia for education purposes only.