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10 Yuan Bank of Communications

Issuer Bank of Communications
Year 1941
Type Standard circulation banknote
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Obverse description The right half of the note is occupied by an intaglio vignette of a steam locomotive hauling a passenger train, rendered in fine engraved detail against a background of a church spire and open landscape. To the left, a large central guilloche medallion bears the denomination 拾圓 (Ten Yuan) in Chinese characters. The bank title 交通銀行 appears in bold Chinese characters across the top, flanked by denomination panels 拾 at each corner, with two red seal impressions at the lower left and right.
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Reverse description The reverse is dominated by an elaborate guilloche underprint with a large central rosette medallion bearing the numeral 10 and the word TEN in layered latticework. The bank name BANK OF COMMUNICATIONS is inscribed in a decorative panel at the top, with the denomination numerals 10 repeated in all four corners within ornate cartouches. At the bottom, a scroll panel carries the inscription TEN YUAN and the date 1941, flanked by two facsimile signatures, with the printer's imprint DAH TUNG BOOK CO., LTD. below.
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Comments

The Bank of Communications, nominally a quasi-government institution, was operating under increasingly fractured conditions by 1941 — the Japanese occupation had severed its northern networks, and the Nationalist government had relocated its financial operations inland to Chongqing. Notes from this period were produced in the unoccupied interior, with Dah Tung Book Co. serving as one of the few domestic printers still under Nationalist control capable of producing currency at volume.

Wartime paper quality was inconsistent across the series, and P#159 examples show considerable variation in ink depth and registration — a direct consequence of supply constraints rather than printing error.

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