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1 Chiao / 10 Cents Bank of Chinan

Issuer Bank of Chinan
Year 1939
Type Local banknote
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Obverse description Green letterpress print. A vignette at left centre shows a steam passenger train crossing a bridge set against a mountainous background. Inscriptions in Chinese characters appear around the central design, with the denomination and issuing bank name rendered in both Chinese and English.
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Reverse description Brown letterpress print. The central field carries a large numeral '10' within a guilloche underprint, flanked on either side by the denomination inscription 'TEN CENTS' in capital letters. The issuer's name 'BANK OF CHINAN' appears across the top, two manuscript signatures are placed along the lower portion, and the year '1939' is printed at the bottom centre. Ornate floral rosette vignettes occupy each corner, with the numeral '10' repeated in the corner margins.
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Comments

The Bank of Chinan was a regional bank established under the Japanese-sponsored Reformed Government of the Republic of China, which controlled much of coastal and central China following the 1937 invasion. Notes issued under these collaborationist financial institutions were tools of monetary occupation — they circulated alongside, and were designed to gradually displace, the Nationalist fabi currency in Japanese-held territories.

The S-prefix in the Pick reference places this in the specialized category, reflecting its regional rather than national issue status. Low-denomination notes from this bank saw heavy transactional use and rarely survived in better grades.

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