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1 Libra Peruana de Oro Circular Check; Series J; Law #2776

Issuer Junta de Vigilancia por los Bancos Emisores (Banco del Perú y Londres, Banco Italiano, Banco Internacional del Perú, Banco Popular del Perú)
Year 1918
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Value 1 Libra Peruana de Oro (10 Soles)
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Obverse description Black intaglio printing over a multicolor underprint; a seated allegorical female figure appears at left within a vignette, with the issuing banks' names across the top and the series designation at upper left and lower right. Red serial numbers occupy the upper left and upper right corners, while the face value is stated in numerals at all four corners and along the sides of the central image, and in full text below it. The lower zone carries three signatures with titles, the place and date of issue at lower left, and the printer's imprint at the bottom.
Obverse lettering SERIE J
CHEQUE CIRCULAR
TIMBRE FISCAL
2 CENTAVOS
EMITIDO POR LOS BANCOS DEL PERÚ Y LONDRES, ITALIANO, INTERNACIONAL DEL PERÚ
Y POPULAR DEL PERÚ, CON ARREGLO Á LA LEY 2776.
por
UNA LIBRA PERUANA DE ORO
LIMA, 14 de Setiembre de 1918
PAGADERA CONFORME A LA MISMA LEY
POR LA JUNTA DE VIGILANCIA POR LOS BANCOS EMISORES POR LA JUNTA DE VIGILANCIA
American Bank Note Company
(Translation: Circular Check, issued by the Banks of Peru and London, Italian, International of Peru and Popular of Peru, as stated in Law #2776. Fiscal stamp, 2 Centavos. For One Libra Peruana de Oro. Lima, September 14th, 1918, payable in accordance with the same Law. By the Vigilance Board, by the Issuing Banks, by the Vigilance Board.)
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Comments

Law 2776, passed in 1914 as Peru scrambled to manage the monetary disruption triggered by the outbreak of the First World War, authorized a joint supervisory body — the Junta de Vigilancia — to issue emergency circulating checks backed collectively by four of Lima's leading commercial banks. The arrangement was unusual: no single bank bore sole liability, and the checks were redeemable across the consortium.

Series J places this example among the later printings of the type, suggesting the emergency mechanism ran longer than originally anticipated. ABNC's involvement meant the notes were well-produced, but the authorization, not the paper, was the fragile part of the equation.

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