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1 Yuan The Farmers Bank of China

Issuer The Farmers Bank of China
Year 1941
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Printer Thomas De La Rue & Company, Limited, London
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Reverse description Central intaglio vignette of a traditional Chinese pavilion set among trees, enclosed in a decorative frame. To the right, an oval cartouche contains a closely engraved group of grazing sheep, an agricultural motif befitting the bank's mandate. Numeral "1" medallions appear at upper left and upper right within guilloche borders, and the denomination ONE YUAN NATIONAL CURRENCY is lettered below the central vignette.
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Protection type Watermark
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Comments

The Farmers Bank of China was established in 1933 to provide agricultural credit and undercut the grip of rural moneylenders, but by 1941 it had become something else entirely — a wartime instrument propping up Nationalist government finances as the Japanese occupation strangled the coastal economy. Thomas De La Rue's London production for a bank whose operations were by then centered in Chungking is one of the quiet logistical oddities of the period; shipment routes through the war were neither simple nor guaranteed.

Pick 474 shares plate genealogy with several denominations in the 1940–41 Farmers Bank series, all De La Rue productions. The watermark is the primary security feature, modest by the standards of what De La Rue was capable of producing at the time.

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