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1 Franc

Issuer Banque du Congo Belge
Year 1914-1920
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Reference(s) P#3B
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Obverse lettering BANQUE DU CONGO BELGE / UN FRANC / PAYABLE A VUE A / MATADI / LE SECRÉTAIRE-GÉNÉRAL / LE PRÉSIDENT / LA LOI PUNIT LE CONTREFACTEUR / DES TRAVAUX FORCÉS / WATERLOW & SONS Ld LONDRES
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Reverse lettering BANK VAN BELGISCH CONGO / EEN FRANK / BETAALBAAR OP ZICHT TE / MATADI / DE NAMAKER WORDT DOOR DE WET MET DWANGARBEID GESTRAFT / WATERLOW & SONS LIMITED LONDRES
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Comments

The Banque du Congo Belge's small-denomination wartime fractional notes exist because the colony's metal coinage essentially vanished from circulation after 1914 — hoarded, exported, or simply impossible to replenish from a Belgium that was under German occupation. Paper had to fill the gap. These notes circulated hard in a tropical climate, and attrition was severe; Waterlow printed in quantity, but surviving examples in decent condition are genuinely uncommon.

Pick 3B distinguishes itself from the broader 3-series by signature combination, not by printing changes — Waterlow's contribution remained constant across the variants.