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1 Cent Honquan plantations

Issuer Société des Plantations de Honquan
Year 1920
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In circulation to Yes
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Obverse description Black letterpress text on a yellow underprint, with a decorative border of small ornamental devices framing the note. The denomination '0$01 cent' appears in large bold figures at centre, with a cursive manuscript administrator's signature below. Imprint of Saigon printer C. Ardin & Fils appears at the foot.
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Reverse description Plain unprinted paper in a uniform pale buff tone, entirely blank with no text, vignette, or ornamentation.
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Comments

Plantation scrip from French Indochina occupies a peculiar category — technically private currency, issued by agricultural concessions to bind workers to the company store and avoid the inconvenience of circulating coinage reaching laborer hands. The Société des Plantations de Honquan operated rubber holdings in Cochinchina, and this centième token represents exactly that system: wages paid partly in scrip redeemable only on-plantation, a mechanism that regulators in Paris periodically threatened to suppress but never effectively did.

Printed locally by C. Ardin & Fils of Saigon, the note never entered general commerce by design.

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