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| 正面描述 | Plain cream card stock with no vignette or decorative underprint. The issuer name appears in bold serif letterpress at centre, flanked above by a handwritten serial number on a dotted line beneath a printed rule, and below by the denomination in large bold type and the city name in spaced capitals. |
|---|---|
| 正面铭文 | Nº 1449 Industrial Montalfita, S. A. 0'50 PESETAS BARCELONA |
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Industrial Montalfita, S.A. was among the hundreds of Catalan industrial firms and municipalities that issued fractional emergency notes — known as *moneda de paper* or *vales* — during the Spanish Civil War, when Republican-held Catalonia experienced a near-total collapse of small-denomination coinage in circulation. These notes were a local, improvised fix, not an authorized monetary instrument, and their legal standing was always ambiguous.
Barcelona-district industrial issues like this one are catalogued in the Andreu-Lluís corpus but remain poorly documented compared to municipal issues — production runs, redemption histories, and even the precise nature of Montalfita's business are difficult to confirm from surviving records.