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| 背面描述 | Denomination numeral '1' at centre within an intricate guilloche underprint, flanked by the value inscription 'ONE YUAN / NATIONAL CURRENCY' in a central panel. Black overprint 'WEIHAIWEI' appears at lower left and lower right; serial number, two manuscript signatures over printed titles (President and Manager), branch designation 'SHANTUNG', and date 'NOVEMBER 1ST 1927' appear across the lower portion, with the imprint 'AMERICAN BANK NOTE COMPANY' at the foot. |
| 背面铭文 | BANK OF COMMUNICATIONS 1 YUAN ONE YUAN NATIONAL CURRENCY WEIHAIWEI SHANTUNG NOVEMBER 1ST 1927 AMERICAN BANK NOTE COMPANY |
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The Bank of Communications was technically a government-affiliated institution but operated with considerable commercial independence — a useful ambiguity that allowed it to issue notes alongside the older Bank of China without formally duplicating central banking functions. By 1927, that arrangement was becoming politically complicated as the Nationalist government consolidated control over China's financial institutions.
American Bank Note Company produced the bulk of the Bank of Communications series during this period, working from New York. ABNC's engraving quality on Chinese commission work from the 1920s is consistently high, and this series is no exception.
Circulated examples frequently show foxing and vertical fold fatigue — characteristic of how notes moved through southern provincial markets.