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10 Cents Kwangtung Provincial Bank
| Issuer | Kwangtung Provincial Bank |
|---|---|
| Year | 1935 |
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| Value | Log in to see details |
| Currency | Yuan (1900-1949) |
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|---|---|
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| Reverse description | Red on plain paper. Central intaglio vignette of Chinese junks under sail in a harbour, with hills in the background and additional vessels visible in the middle distance. The bank name arches across the top within a decorative frame, with denomination numeral "10" in large guilloche panels at left and right, and the payment promise legend with date and denomination in English arranged along the lower register. |
| Reverse lettering | THE KWANGTUNG PROVINCIAL BANK 1935 PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE TEN CENTS LOCAL CURRENCY AMERICAN BANK NOTE COMPANY. |
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| Comments |
The Kwangtung Provincial Bank operated as a regional institution under Guangdong province's quasi-autonomous administration, which through the early 1930s maintained a degree of financial independence from the Nationalist central government in Nanjing. Small fractional notes like this one were a practical necessity in South China's cash-heavy retail economy, where silver coinage was still the public's preferred medium and paper of low denomination had to earn trust incrementally.
ABNC's involvement reflects a common pattern among provincial Chinese banks seeking the credibility of a foreign security printer. The plates were produced in New York, with sheets shipped for local issue.