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1 Franc - Chambre de commerce d'Angoulême [16]

Issuer Chambre de Commerce d'Angoulême
Year 1915
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Currency Franc (1795-1959)
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Reverse lettering 1 | 1 | Ce Bon, garanti par dépôt d'égale somme à la Banque de France, est toujours échangeable aux guichets de sa succursale d'Angoulême et devra sous peine de prescription y être présenté au remboursement dans le délai de cinq ans à dater de ce jour. | 4me Série | 4me Série
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Protection description Without watermark
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Comments

French chambers of commerce were authorized to issue emergency small-denomination notes in August 1914 after the outbreak of war caused an immediate hoarding crisis that stripped coins from circulation almost overnight. The Angoulême chamber was among the earlier provincial issuers, and Keller Frères — a local print house rather than a specialized security printer — produced the notes in-town, which accounts for the relatively modest security provision: a watermark alone, without the guilloche work or serial numbering seen on notes from larger financial centers.

The JP reference covers four distinct varieties across this single type, differentiated by watermark text and paper stock changes made during the run.

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