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1 Escudo

Issuer Banco Nacional Ultramarino
Year 1941
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Printer Bradbury Wilkinson and Company, United Kingdom (1856-1990)
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Obverse description Portrait vignette of F. de Oliveira Chamico at left, within an oval frame, against a green guilloche underprint. At upper centre, the bank title is printed in letterpress, with the red overprint PROVÍNCIA DE MOCAMBIQUE and UM ESCUDO dominating the centre of the note. A circular vignette at right bears the bank seal with a sailing vessel. Date reads LISBOA, 1 de Setembro de 1941 at lower centre, flanked by signature lines for O Administrador and O Presidente do Conselho Administrativo.
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Reverse description Central oval vignette of an allegorical female figure seated and gazing toward a tall sailing ship at sea, rendered in fine intaglio engraving. The oval is encircled by the bank title BANCO NACIONAL ULTRAMARINO in bold lettering, set against an elaborate green guilloche background with symmetrical geometric and floral ornamental patterns filling the entire field. At top, a rectangular panel carries the red overprint MOCAMBIQUE above the payability inscription.
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Comments

The Banco Nacional Ultramarino served Portuguese overseas territories rather than the metropolitan banking system, and by 1941 this note was functioning in Mozambique, Angola, and other colonial possessions simultaneously — the same series circulated across multiple territories without territorial overprint, which complicates provenance attribution for surviving examples.

Four signature combinations are recorded for P#81, all pairing a rotating first signatory with the fixed countersignature of António dos Santos Viegas. The relative scarcity of each pairing varies considerably, and the Pinto Coelho combination is notably harder to locate than the others.

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