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1 Franc Régie des Chemins de Fer en Territoires Occupés

Issuer Régie des Chemins de Fer des Territoires Occupés
Year 1923
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Value 1 Franc
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Obverse description Central circular medallion enclosing a vignette of a Rhine riverside landscape with a steam locomotive at the upper border of a decorative floral and foliate frame. The border is rendered in a yellow-green guilloche pattern with interspersed ornamental motifs. Bilingual inscriptions in French and German run across the note, with the issuer's title and face value stated within the central panel.
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Reverse lettering 1fr. TOUTE PERSONNE QUI AURA CONTREFAIT OU FALSIFIE DES BILLETS OU FAIT USAGE DE BILLETS CONTREFAITS OU FALSIFIES SERA FRAPPEE DES PEINES EDICTEES PAR LA HAUTE COMMISSION INTERALLIEE DES TERRITOIRES RHENANS WER GUTSCHEINE NACHMACHT ODER NACHGEMACHTE IN VERKEHR BRINGT WIRD MIT DER VON DER HOHEN INTERALLIIERTEN RHEINLANDKOMMISSION VERHANGTEN STRAFEN BELEG R. VERGNOT DEL. E. De RUAZ sculp
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Comments

The Régie des Chemins de Fer des Territoires Occupés was a Franco-Belgian railway administration established to operate the rail network in the Rhineland during the Allied occupation following the Armistice. It issued its own scrip — not as a banking instrument but as a functional necessity, since the occupied territories lacked a stable currency apparatus and the railways needed to pay wages and settle local accounts. These notes circulated within a tightly bounded administrative zone, not in general commerce.

De Ruaz's engraving work for Dupont on this series is notably crisp for occupation scrip, which was rarely given this level of production care. Vergnot designed across multiple Dupont commissions during this period.

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