History/Background Information: 20 Pound Pretoria issue of the ZAR government (Gouvernements Noot). Issued against the security of state owned farms with a 6% interest. Hand signed by the Auditor General (JS Marais) and Treasurer General (NS Malherbe). Dated 28.5.1900.
 
Condition Notes: Variety with spade border and without "NO" in the serial number (Model 3). An impressive example. Retaining all the bold characteristics of the type. Cointaining a rare, nearly complete "Spes Bona/Cape Coat of Arms" watermark. A beautiful note with an incredible history.
 
Printage: 3 000 (Hern) / 3 875 (Vissers)
 
Reference: Hern 484 & Vissers Pg 155