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10 Patacas

Issuer Banco Nacional Ultramarino
Year 1910
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Value 10 Patacas
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Obverse description Blue intaglio-printed note on cream paper, with the bank title BANCO NACIONAL ULTRAMARINO arched across the upper portion in bold lettering above an elaborate guilloche underprint. A central circular vignette contains the large numeral 10 with a dollar sign, flanked by two serial number panels, with the promise text in cursive script below reading that the Dili (Timor) branch treasurer will pay the bearer ten patacas in current currency; the date Lisboa, 1 de Janeiro de 1910 appears at centre, with signature lines for O Gerente, O Gov. and O Vice Gov. at the foot. Corner ornaments incorporate Chinese characters, and the printer's imprint BRADBURY, WILKINSON & Co. Ltd. LONDON appears at the bottom margin.
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Reverse description Orange and brown intaglio-printed reverse with a row of Chinese characters (大西洋國海外滙理銀行) across the top panel within a decorative border. The centre is occupied by a horizontal cartouche reading BANCO NACIONAL ULTRAMARINO, interrupted by a circular vignette of the Portuguese royal arms wreathed in laurel. Below, the denomination DEZ PATACAS curves in bold letters on a ribbon, with DILI (TIMOR) in a straight line beneath, and large Chinese numeral characters 拾圓 placed symmetrically in the lower corners. The printer's imprint BRADBURY, WILKINSON & Co. Ltd. LONDON appears at the bottom margin.
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Comments

The Banco Nacional Ultramarino was the sole note-issuing authority for Portuguese colonial territories, and this 1910 Macau issue came at a politically volatile moment — the Portuguese monarchy fell in October of that year, replaced by the First Republic. Notes already printed and in circulation carried no reference to the new regime, creating an awkward transitional overlap that was simply tolerated rather than resolved.

Bradbury, Wilkinson printed for numerous colonial issuers of the period and the quality of their intaglio work was well above what the territory's modest circulation volumes would typically have justified.

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