Aberystwyth and Tregaron Bank

[5] The members of the bank were John Evans of Penygraig, Aberystwyth, Joseph Jones and William Davies, and their London agents at that date were Veres, Smart, Baron & Co.[3] The bank opened a branch in Tregaron in 1810, as a result of the thriving local economy based on wool, droving, agriculture, and supporting businesses, such as blacksmiths and public houses.

Messrs Jones, Davies and Williams beg to inform the public that the dissolution of their form[firm??]

has taken place by mutual consent, and they will feel obliged by the holders of their local notes sending them for payment to their Banking house, at Aberystwyith and those made payable in London to the House of Sir James Esdaile and Co. Aberystwyth Old bank, August 10, 1815.

[3] During the late 1960s and early 1970s, Richard Williams of Llandudno issued private banknotes which bore a 2d (2 "old" pence) duty stamp, which he paid for.

[10] The first issues were made by "y Prif Trysorfa [sic] Cymru Cyfyngedig" ("the Chief [T]reasury of Wales Ltd"), and the significance of this company name appears to have been overlooked initially by the Stamp Office, as the notes were written in Welsh.

[10] When officials demanded that the company name be changed, Williams changed it to "Cwmni y Ddafad Ddu Gymreig Cyfyngedig" (the "Welsh Black Sheep Company Ltd"), a name inspired by the bank note issues of the Aberystwyth & Tregaron Bank.