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10 Escudos

Issuer Banco Nacional Ultramarino
Year 1921
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Currency Escudo (1914-1975)
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Obverse description Brown-toned note with a portrait vignette of Francisco de Oliveira Chamiço at left, the Portuguese Coat of Arms at lower centre, and the bank seal at right. Two overprinted GUINÉ inscriptions appear in red. The layout is framed with fine guilloche border work typical of Bradbury Wilkinson intaglio production.
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Reverse description Brown-toned reverse centred on an allegorical vignette of a seated female figure with sailing ships in the background, rendered in intaglio. A red overprinted GUINÉ inscription appears on the face. Fine guilloche patterns frame the central composition consistent with Bradbury Wilkinson craftsmanship.
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Comments

Bradbury, Wilkinson printed this note for the Banco Nacional Ultramarino, the Portuguese colonial bank that held note-issuing authority across multiple overseas territories simultaneously — Mozambique, Angola, Cape Verde, Portuguese India, and others — often using near-identical plate designs distinguished only by overprint or small typographic changes. Establishing with certainty which territory this specific P#15 was intended for requires checking the payable text carefully, as catalog cross-referencing across BNU issues of this period is notoriously inconsistent.

1921 was a turbulent year for Portuguese colonial finance, with postwar inflation and currency instability in the metropole putting real pressure on peripheral issuers.