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10 Yuan Bank of Pei Hai
| Issuer | Bank of Pei Hai (北海银行) |
|---|---|
| Year | 1944 |
| Type | Local banknote |
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| Obverse description | Printed in red, the obverse bears the bank title 北海银行 (Bank of Pei Hai) across the top, flanked by serial number prefixes on either side. A central vignette shows traditional houses by a lakeside, rendered in a light guilloche underprint. Two large denomination panels, each with the characters 拾圓 (Ten Yuan), are set within ornate floral frames at left and right, with the regional inscription 山東 (Shandong) appearing vertically on the outer margins. |
|---|---|
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| Reverse description | Printed in brown, the reverse carries the romanised bank name PEIHAIBANK in a banner across the top. The centre is dominated by a large ornate guilloche medallion with the numeral 10 and the inscription YUAN superimposed, flanked by additional numeral 10 panels within floral cartouches. The denomination TEN YUAN and the year 1944 appear in a panel at the foot of the note, with a small Chinese seal character 農文 visible at lower left and right. |
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| Comments |
The Bank of Pei Hai was a Communist Party financial institution operating under the Shandong-Jiangsu-Anhui border region government during the Second Sino-Japanese War. Its notes circulated in guerrilla-controlled territory as a direct counter to Japanese military yen and the puppet currency pushed through occupied areas — the entire purpose of the regional bank system was monetary control of liberated zones, not commercial banking in any conventional sense.
The S-prefix in the Pick reference places this firmly in the specialized Chinese regional and revolutionary issues, a notoriously difficult area to document given the fragmented record-keeping of wartime border administrations. Surviving examples often show heavy use; these notes worked in rough conditions.