Straits Settlements, The Hong Kong and Shanghai Banking Corporation, $5, Singapore, 1 January 1894, serial number 121944, two manuscript signatures at low left and right, annotations and repair, in PMG holder 12, fine, with completely original paper, and although a small central hole has been professionally filled, this is an overall pleasing note and additionally an excessively rare note, all private bank issues are elusive, this example in excellent grade for type
BNB unlisted, Pick S169, Tan PHS14, KNB7 £20,000-£26,000

This is the Boon plate note.