The promissory note issued at Belfast, now Port Fairy, Victoria by the “Bank of Victoria” is an early example of currency issued by a private bank. This note was issued in 1853 the same year that the bank commenced business in Belfast. Details of the first production of a banknote backed by the Australian Government occurred on 1 May 1913 following the "Australian Notes Act of 1910" (Australian National Museum). The first building the Bank of Victoria purchased in Belfast was of timber and later sold. Smith & Watts Architects advertised for tenders in the Melbourne Argus on Thursday 29/4/1869 for the erection of a substantial building that is now occupied by Moyne Shire Council in Cox Street. A meeting of the Directors of the Bank of Victoria elected on 1 October 1852. A ballot took place for four directors resulting in Wm. Highett Esq. Wm F. Splatt, Esq. M.L.C., Alex. Wilson, Esq. and W.H. Tuckett” elected as Directors. It was reported from a later meeting in “The Argus” Melbourne on 3 August 1853 that a branch had opened in Swanston Street, Melbourne on 3rd January 1852 with Henry Miller as Chairman of the Board and J. Matheson as the Manager; followed by Geelong on 12 August 1852. Then at the request of “influential inhabitants”, the Belfast branch commenced on 11 May 1853, which had “already met with very general support and encouragement”. This was a colonial bank at the time of vast pastoral runs and gold speculation – how "Mr Thomas [....ton?]" came by his fortune of One Hundred and Twenty-Seven Pound and five shillings can only be wondered at until further research reveals the story. This promissory note records the early colonial system of banking and reflects the economic growth and entrepreneurship of the South West Region of Victoria.Banknote of fine paper. There is a fold multi-crease down the centre top to bottom, lighter creasing across the top and angular creasing to the bottom left and right-hand corners. Yellow spotting is visible across the object breaking through the grey blue colour of the paper. A dark ink blot appears near the top right-hand corner. The left-hand side of the banknote is uneven. The back of the document has darker spotting, a used dirty look patina and some insect spotting. Horizontal crease markings can be seen creating quarter marks. The front of the banknote reads: "No.41/ Exch.ge for £127.57- Bank of Victoria/Issued at 1% prem/Thirty days after Sight of this Third of Exchange/First and Second of the same tenor and date being unpaid pay to the order of/Mr. Thomas [Raliston?]/One hundred and twenty seven pounds five shillings Sterling silver received/To the Manager of the London Westminister Bank London/for the Bank of Victoria [signed?] Manager/Ent.d [?] Robertson Account.t. The blue printed Bank of Victoria logo features a world globe, sailing ships, wool bails, sheep, colonial building and mining tools. flagstaff hill, warrnambool, maritime village, maritime museum, flagstaff hill maritime museum and village, shipwreck coast, great ocean road, promissory notes, bank notes, bank of victoria, smith & watts, smith & watts architects, 1853, william highett, william f. splatt, alex wilson, w.h. tuckett, henry miller, money miller, belfast (now port fairy)