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10 Centimes

Issuer Compagnie de Mokta-El-Hadid, Direction de Bénisaf
Year 1916
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Composition Paper
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Obverse lettering Cie. de Mokta-el-Hadid
Bon pour
0F.10
centimes
(Translation: Mokta-El-Hadid Company. Good for 0F.10 centimes.)
Reverse description Plain cream paper bearing a single oval validation handstamp struck in black ink. The outer border of the oval carries the issuer's corporate name, the lower arc bears the issuing directorate, and the date '31 OCT 1916' is applied across the centre. The note is otherwise unprinted, consistent with the austere emergency-issue practice of the period.
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Comments

Mokta-el-Hadid was one of the largest iron ore mining operations in colonial Algeria, with the Bénisaf site on the Mediterranean coast shipping ore directly to French and British steelworks. During the First World War, the chronic shortage of small-denomination coinage across French North Africa forced numerous private enterprises — mines, railways, cooperatives — to issue their own emergency scrip. This note is one such issue, denominated too small for the colonial banking system to bother replacing.

Company-issued scrip from Algerian mining concessions of this period survives poorly; most was redeemed or simply worn to destruction within the site's captive economy.

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