Thursday, November 5, 2015

japan,usa,india,links on this banknotes very rare banknote of japan

japan,usa,india,links on this banknotes very rare banknote of japan

YOKUHAMA BANKNOTE 1866 25 $ ,JAPAN,USA,INDIA LINK very rare banknote of japan
The Central Bank of Western India was an important bank because it related to Japan, America and India. The high value of $25 was significant as it was issued during a time of great turbulence in Japan,USA,INDIA and world
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The above banknote was issued by the Central Bank of Western India at Yokohama, Japan. It
was printed in London by Batho Sprague and Company and has a handwritten date of 9th
February 1866. The signature on the note was that of J. Morrison and the design contains a
vignette of a woman holding a balance scale, palm trees, cotton bales, jewelry and a
backdrop of hills and sailing ships. The note is cancelled with a rubber stamp.
A bank named BANK OF WESTERN INDIA, which operated during the period of 1842-1845 A.D. was
not related to this issue.
The Central Bank of Western India was an important bank because it related to Japan, America
and India. The high value of $25 was significant as it was issued during a time of great
turbulence in Japan.
During this period there were a number of attempts by western powers to establish relations
with Japan. In 1852 the USA government decided to initiate trade relations with Japan and
was prepared to use force if negotiation failed. Commander Matthew Perry was sent on a
mission with three steam ships, the Mississippi, Sarotogo and Plymouth along with a flag
ship named Susquehanna. They sailed to Japan on 8th July 1853 entering Edo Bay they anchored
at a distance of 1 kilometer from Uraga City but the Japanese Shogun declined to meet the
delegation of commander Perry. After threatening the Japanese government they landed with
300 men and transmitted a message from U.S. President Fillmore to the representatives of
It took more than 6 month of consideration by the Japanese government and Perry’s treaty of
friendship was signed by Japan on March 31st of 1854, opening Japanese ports for U.S. trade.
Nagasaki and Hakodate were the first ports used followed later by Yokohama. Yokohama became
a main port and transit point for goods into Japan, China and the other countries in the
During this period the British Crown cooperated with the Americans as the Japanese started
building their fleet after lifting a ban for the construction of large ships. They purchased
many ships guns and arms from the Dutch to counter the American ships.
In this new environment, traders from Western India sailed from the ports of Surat and
Bombay. Along with the U.S. traders they agreed to start a bank at Yokohama, Japan under the
name of THE CENTRAL BANK OF WESTERN INDIA with a branch in Hong Kong. These notes are known
to have circulated in Japan and China.
On 4 January 1868 the Shogunate was abolished
At this time most banknotes were issued by Commercial Banks rather than by a Central Bank.
Regulations for banknote issue in nineteenth-century Japan and China were loosely
controlled. The government accepted payments for taxes and fees in banknotes only if from
banks incorporated by Royal Charter or under the Colonial Regulations. This requirement did
not prevent other banks from issuing notes, however, banknotes of denominations below $5
were not allowed without special government permission. This was to prevent banknotes
getting into the hands of poorer people, who would suffer more in the event of a bank
collapse. Three note issuing banks did, in fact, collapse in the nineteenth century, the
Agra and Masterman’s Bank, the Commercial Bank Corporation of India and the East during the
global financial crisis of 1866, as well as the Oriental Bank Corporation, one of the main
note issuers in 1884.
You can contact the Agent of this banknote for sale or other details MR chang at,
CM We gratefully acknowledge who provided the above image and background

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