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| 正面描述 | The obverse is printed on plain paper with a decorative border and carries the central text legend within a guilloche underprint incorporating the Philippine eagle vignette flanked by the denomination numeral '10' at each corner. The upper portion bears the issuing authority inscription and the emergency note authority clause, with the serial number and series date in red. Three manuscript signatures with printed titles appear along the lower margin, identifying the Member, Chairman, and Member of the Iloilo Currency Committee. |
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| 正面铭文 | PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE OF 1943 ISSUED BY AUTHORITY OF THE PRESIDENT OF THE PHILIPPINES THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND TEN PESOS In Lawful Currency Of The Philippines ILOILO CURRENCY COMMITTEE SERIES OF 1943 PESOS |
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The Philippine National Bank maintained regional branches with limited note-issuing authority during the Commonwealth period, and this Iloilo City obligation belongs to a category of locally produced emergency issues that proliferated as Japanese forces occupied the archipelago in 1941–42. With Manila cut off or compromised, branch offices scrambled to produce their own paper to keep commerce moving in Visayas-held territory.
Local production meant inconsistent printing quality and paper stock — a known characteristic of the S329 series — and genuine examples frequently show uneven inking.