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10 Patacas

Issuer Banco Nacional Ultramarino
Year 1944
Type Standard circulation banknote
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Obverse description Brown monochrome note with the bank title BANCO NACIONAL ULTRAMARINO across the top in large serif lettering, flanked by the numeral 10 in each upper corner. The Portuguese royal arms vignette appears at the left, while a circular bank seal with a steamship vignette is positioned at the right. The central area carries the MACAU overprint in large red capital letters above the denomination text DEZ PATACAS within an intricate guilloche underprint, with serial numbers and decree reference printed across the upper register and two manuscript signatures at the lower margin.
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Reverse lettering 澳門
大西洋國海外理銀行
戴忠繼續管任位頓
葡幣拾圓票
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Comments

Banco Nacional Ultramarino was a Lisbon-based institution, but the 1944 Macau pataca notes were printed locally by Litografia Sin Chon & Ca. — an unusual arrangement driven by the wartime isolation of the territory. Japanese forces occupied surrounding Guangdong, cutting Macau off from normal supply and production channels. Portugal's neutrality kept the enclave out of direct conflict, but it also meant no resupply from Lisbon, and the colonial administration had to improvise.

Local lithographic production with a watermarked cotton substrate was a reasonable solution under the circumstances, though the print quality reflects the limitations of a small commercial press working under wartime conditions.