The Australian One Pound note was first issued in 1913 and last issued in 1963. It was replaced by the Two Dollar note at Australia's conversion to decimal currency on the 14th of February, 1966.
One Pound was equal to 20 Shillings or 240 Pence in the predecimal currency.
The year of issue has never been printed on Australian banknotes. To determine the rough date of issue, you need to find the names of the two signatories on the note, and the serial number.
Any valuation of an Australian banknote would depend on the condition of the note, the names of the two signatories and the serial number.
There was no Australian Dollar until 1966, long after the "early settlement". At the time of currency changeover from Pounds to Dollars, the Australian One Pound note converted to the Australian Two Dollar note.
Australia has never produced a Twenty-Five Pound note.
Australia did not have its own currency in 1907. The Australian Five Pound note was first issued in 1914. The Australian Five Dollar note was first issued in 1967.
Australia's (Commonwealth of Australia) first banknotes were issued in 1913 and included the Ten Shilling, One Pound, Five Pound and Ten Pound notes.
There was King George V and King George VI. To get an estimate of value on an Australian predecimal banknote, you will need to provide the two signatories on the note and the serial number.
two austalian dollars
The Bank of England issued the last One Pound note in 1984, then withdrew and demonetised the One Pound note in 1988, after it was replaced by the One Pound coin in 1983.
The last British One Pound note was issued in 1984. The One Pound note ceased to be Legal Tender in 1988.
There were no Australian One Pound notes printed in 1940, the most recent printing being in 1938. An Australian 1938 One Pound note (Sheehan/McFarlane)(depending on the serial number), uncirculated and in absolute mint condition could fetch anything up to $2,800 AUD. If it has been circulated but still in good condition, it might fetch anything from £60 to £900 AUD. A reputable coin dealer will be able to give a more accurate valuation.
From 1931 until 1966, the Australian Pound was pegged at 16 Shillings Sterling. One Australian Pound in 1966 had the purchasing power of about $16.86 AUD today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
One Pound Australian in 1960 had the purchasing power of about $24.15 AUD today. NOTE - This historical conversion is the result of many calculations and considerations by a purpose designed program for which I can take no credit. The resulting answer should only be regarded as an approximation.
This is the best I can do. One Australian Pound in 1926 had the purchasing power of about $64 current USD.