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10 Escudos

Issuer Banco Nacional Ultramarino
Year 1941
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Printer Bradbury Wilkinson and Company, United Kingdom (1856-1990)
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Reverse description A central oval vignette presents a seated allegorical female figure with a sailing vessel in the background, framed within an elaborate guilloche surround of fine lathe-work scrollwork. Large numeral panels bearing "10" anchor the left and right margins, with intricate engine-turned ornament filling the remaining field. The issuer's name arcs around the central vignette in bold letterpress.
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Signature(s) António Augusto Correia de Aguiar & António dos Santos Viegas
João Baptista de Araújo de Sá & António dos Santos Viegas
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Comments

Banco Nacional Ultramarino held an unusual position among colonial issuers — it was a private Lisbon-based bank granted exclusive note-issuing rights across Portugal's overseas territories, meaning this note was simultaneously a commercial instrument and a tool of imperial monetary administration. The 1941 date places it squarely in the period when Angola's economy was being pushed hard toward coffee and diamond export revenues, with metropolitan Portugal extracting maximum value under Salazar's Estado Novo economic controls.

Two signature combinations are recorded for P#84, suggesting sequential issue runs rather than a single print order. Bradbury Wilkinson's intaglio work for colonial issuers was consistently high quality, though the priority client relationship was always with the British Crown colonies.

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