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1 Yuan
| Issuer | Farmers Bank of China |
|---|---|
| Year | 1940 |
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| Reference(s) | P#463 |
| Obverse description | Printed entirely in red, the obverse carries a central rural vignette of a farmstead scene with figures engaged in agricultural activity beneath trees, framed by ornamental guilloche borders. The bank title 中國農民銀行 (Farmers Bank of China) appears across the top in Chinese characters, with the denomination 壹圓 (One Yuan) rendered in large characters at the lower left. The date inscription 中華民國二十九年印 appears along the lower border, indicating the Republic of China Year 29 (1940). |
|---|---|
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| Reverse description | The reverse is printed in a combination of olive-brown and blue-green tones, with a central panel bearing the English inscription THE FARMERS BANK OF CHINA in bold lettering across the top. The denomination ONE YUAN is printed in large green text to the right, flanked by numeral 1 counters in each corner. Two facsimile signatures appear on the left side, identified below as GENERAL MANAGER and ASST GENERAL MANAGER respectively, with the serial number repeated in red at the lower right. |
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| Comments |
The Farmers Bank of China was established in 1933 primarily to channel agricultural credit into rural areas and stabilize commodity prices — a mission that became increasingly theoretical as Japanese military pressure tightened. By 1940 the bank was operating as a full wartime institution under the Chongqing government, issuing currency that competed with both Japanese puppet money and the Central Bank of China's own notes in contested territories.
The Commercial Press, Ltd. handled a significant portion of Nationalist wartime printing out of its Shanghai facilities, though by 1940 the political geography of that arrangement was complicated by Japanese occupation of the city. Worth noting for attribution purposes.