1 Franc - Chambre de Commerce de Granville 50

Granville's Chamber of Commerce began issuing emergency fractional notes in 1915 when the wartime coin shortage left small-denomination transactions nearly impossible across provincial France. The Valin press in Caen handled several Norman chamber issues during this period, and the Granville series is among the more modestly distributed — the town's population was small enough that surviving examples with genuine circulation wear are actually less common than uncirculated remainders from unissued stocks.

The watermark security was a minimum concession to forgery prevention, typical of the underfunded urgency behind France's entire bons de nécessité program.