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10 Yuan

Issuer Chihli Province Gold Treasury
Year 1928
Type Local banknote
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Obverse description Blue-green tint on pale ground, with a central oval vignette of an industrial bridge or railway trestle set in a landscape. Large Chinese characters for the denomination 拾圓 (10 Yuan) appear at left and right of the vignette, flanked by floral corner ornaments and a guilloche border. The issuing authority's name is inscribed in Chinese across the upper portion, with red seal impressions and two manuscript signatures below the vignette.
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Protection type Official seal
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Comments

The Chihli Province Gold Treasury (直隸省金庫) was a provincial fiscal institution, not a bank in any conventional sense — these notes were essentially treasury warrants backed by provincial gold reserves at a moment when central financial authority in China had effectively collapsed. By 1928, the Northern Expedition under Chiang Kai-shek was dismantling the old Beiyang power structure, and Chihli Province itself would be renamed Hebei within a year. This note belongs to that transitional instability.

The single official seal as the sole security feature reflects how thin the institutional infrastructure was — a deliberate economy, or simply an acknowledgment that the issuer's authority rested on political muscle, not printing sophistication.

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