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10 Yuan Bank of Pei Hai

Issuer Pei Hai Bank (北海銀行)
Year 1944
Type Local banknote
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Obverse description Blue-black to grey intaglio print on plain paper. A central vignette presents a traditional Chinese lakeside compound with tiled-roof buildings and bare trees reflected in water, framed by an ornate border with floral corner medallions. The bank name 北海銀行 appears at upper centre in Chinese characters, flanked by the serial number in red on both sides, with the denomination 拾圓 rendered in large characters within scalloped cartouches to the left and right; the inscription 中華民國三十三年印 appears at the lower margin.
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Reverse description Blue letterpress and guilloche print. A large central guilloche rosette carries the numeral 10 over the word YUAN in bold serif lettering, surrounded by elaborate engine-turned scrollwork and floral ornaments, with the numeral 10 repeated in the lower corners. The legend PEIHAI BANK is inscribed in a straight banner at the top, with TEN YUAN in a curved ribbon at the bottom centre and the year 1944 directly below.
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Comments

The Pei Hai Bank was the financial arm of the Shandong-Jiangsu border region administration under Communist Party control, and its notes circulated in guerrilla-held territory during the height of Japanese occupation. Maintaining a functioning regional currency in that environment — with supply lines constantly disrupted and printing operations frequently relocated to avoid Japanese sweeps — was a logistical feat in itself.

The S3565B designation covers a known range of local printing variations within the 1944 series, reflecting decentralized production rather than a single controlled print run. Attribution of specific printings to individual county-level facilities remains contested among specialists.

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