1 Franc - Chambre de Commerce de Dijon 4e série

French chambers of commerce were authorized to issue emergency small-denomination notes in 1914 specifically to address the coin shortage that followed the hoarding panic at the outbreak of war. The Dijon chamber's fourth series reflects iterative local production — Gérin was a regional commercial printer, not a specialist security firm, and the successive series were driven by ongoing demand rather than planned replacement cycles.

The watermark is the primary security feature, which says something about the limits of wartime provincial printing resources.