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1 Dollar Kwangtung Provincial Bank

Issuer Provincial Bank of Kwangtung Province
Year 1918
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Reference(s) P#S2401
Obverse description Central vignette of the Temple of the Six Banyan Trees (Flower Pagoda) in Guangzhou (formerly Canton), rendered in fine intaglio engraving. Chinese inscriptions appear in vertical columns to the left and right of the central image, with the denomination and issuing authority identified in classical script. Decorative guilloche borders frame the composition on all sides.
Obverse lettering 券換兌行銀省東廣 壹 壹 圓 圓 印年七國民華中 圓銀用通換兌券憑
(Translation: Bank of Guangdong Province exchange voucher One Yuan Printed in year 7 of the Chinese Republic. Redeemable for general silver dollars.)
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Comments

The Provincial Bank of Kwangtung was one of several regional Chinese institutions that turned to American Bank Note Company during the late Qing and early Republican periods, when domestic printing capacity could not meet demand for secure currency. ABNC's New York facility handled the plates, and the quality differential between these notes and locally produced issues was immediately apparent to anyone handling both.

Kwangtung's financial infrastructure in 1918 was under sustained pressure — the province had been a flashpoint for revolutionary activity since 1911, and confidence in paper instruments remained fragile among the merchant class in Canton.

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