History/Background Information: 20 Pound issue of the South African Reserve Bank dated 1933. Only issue of J Postmus and identical to the Fourth issue of WH Clegg except for date and signature. 
 
Condition Notes: A scarcely seen high denomination issue. In admirable condition, paper still crisp and bright with an appearance better than the assigned grade. Very attractive coloration. Rare.
 
Printage: 50 000
 
Reference: Hern 221