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1 Pataca

Issuer Banco Nacional Ultramarino
Year 1945
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In circulation to 13 November 1953
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Obverse description Pink and dark brown note with an intricate guilloche border enclosing the entire design. At left, an oval vignette bears the bank's circular seal with a steamship at sea, surrounded by the legend BANCO-NACIONAL-ULTRAMARINO and COLONIAS, COMMERCIO, AGRICULTURA. To the right of the vignette, the denomination UMA PATACA and numeral $1 are set against a central guilloche underprint, with BANCO NACIONAL ULTRAMARINO and TIMOR inscribed above. The issue date LISBOA, 8 DE MARÇO DE 1945, decree number, and serial number appear in the upper right, with two manuscript signatures and a repeated serial number in the lower field.
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Reverse description Printed in olive-brown and grey tones, the reverse centres on a large vignette of the Portuguese royal arms — the crowned shield with five escutcheons and seven castles, encircled by a laurel wreath and crossed anchors — set within a fine guilloche frame. Flanking the central vignette are two symmetrical oval panels, each inscribed $1 within intricate lathe-work rosettes. Chinese characters reading 大西洋海外滙理銀行 appear across the top, with the bank name in Portuguese below, and the denomination UMA PATACA TIMOR lettered in a bold cartouche at the foot.
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Comments

The Banco Nacional Ultramarino's Macau branch relied on Lisbon-directed printing throughout the colonial period, and this 1945 issue came off the presses at Litografia Nacional in Porto — a domestic Portuguese printer rather than one of the London security printers more commonly associated with colonial currency of this era. The choice reflects wartime disruption to normal supply chains; access to Bradbury Wilkinson or Waterlow was considerably complicated by the mid-1940s.

Macau's nominal neutrality during the Japanese occupation of surrounding territories gave the pataca an unusual stability for a colonial currency in the region, though the local economy was under considerable informal pressure through 1945.

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