1 Yuan North Hupeh Farmer's Bank

The North Hupeh Farmer's Bank was one of several short-lived rural credit institutions established by the Chinese Nationalist government in the late 1920s and early 1930s to extend agricultural financing into provinces where the central banking network had no real reach. Hupeh (Hubei) was contested territory in this period — the Communist-controlled Ö-Yu-Wan Soviet region pressed into its northern counties from roughly 1930 onward, and many of these provincial farm banks operated under genuine military pressure, their note circulation disrupted or abruptly terminated as control of market towns shifted.

The 1931 date places this note at the peak of that instability. Surviving examples are scarce, almost certainly because the issuing infrastructure collapsed before redemption could be organized.