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0,25 Franc

Issuer Government of Madagascar and Dependencies
Year 1916
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Shape Rectangular
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Obverse description The obverse is printed in blue and black, with a central vignette of Malagasy workers in the fields, with a townscape visible in the background. A decorative guilloche border frames the central scene, with the letters 'R' and 'F' at the upper corners. The denomination '25c.' appears in a rectangular panel at the lower centre, with the inscription 'MADAGASCAR ET DÉPENDANCES' along the bottom panel and 'POSTES' across the top.
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Reverse description The reverse is printed in monochrome on plain paper and bears a central vignette of a zebu bull standing in profile facing left. A vertical Malagasy-language inscription reads 'Pitoventy sy voamena' along the left edge, with numeral notations to the right.
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Comments

Madagascar's quarter-franc notes of 1916 exist because of a coin shortage driven by wartime metal requisitions — France pulled silver and bronze from its colonial territories to support the metropolitan war effort, leaving Madagascar without adequate small change. The government issued a series of small-denomination cardboard-like emergency notes to fill the gap. This 25-centime piece is among the lowest denominations in that series.

The "and Dependencies" designation in the issuer title covered the Comoro Islands, which fell under the same administrative authority at the time.