NEW ZEALAND. Reserve Bank of New Zealand. 50 Pounds, ND (1940-55). P-162a. PMG Choice Very Fine 35 EPQ. Printed by TDLR. Watermark at left of Maori Chief. First signature variety of T.P. Hanna. PMG has encapsulated just six examples of this variety, with this note earning PMGs coveted EPQ designation. Dark red ink stands out on the obverse and reverse of the note, which also displays wide margins and bright paper. PMG Pop 1/1 Finer.
