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10 Avos Banco Nacional Ultramarino
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1944 |
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| Reference(s) | P#19 |
| Obverse description | Blue lithographed note with the Portuguese royal arms vignette in the upper left, flanked by a laurel wreath and the inscription MACAU below. The central field carries the denomination panel DEZ AVOS in a bold rectangular cartouche, with Chinese characters 壹毫 to the left and right. Corner value numerals 10 appear in guilloche medallions at top-right and bottom-left, with serial number and Gerente signature line printed in the lower register. |
|---|---|
| Obverse lettering | BANCO NACIONAL ULTRAMARINO DEZ AVOS 壹 毫 LITHO BY THE HONGKONG PRINTING PRESS |
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| Comments |
The Banco Nacional Ultramarino served as the note-issuing authority for Portuguese Macau throughout the colonial period, and this wartime 10 Avos is one of the more historically compressed pieces in the series. Macau occupied a peculiar position during the Pacific War — nominally neutral under Portuguese administration while surrounded by Japanese-occupied territory — and local printing became a practical necessity when normal supply channels collapsed.
That the Hongkong Printing Press handled production is itself notable: Hong Kong had fallen to Japan in December 1941, yet commercial printing operations continued under occupation. This note dates from deep within that period.