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10 Yuan Farmers Bank of China

Issuer Farmers Bank of China
Year 1935
Type Standard circulation banknote
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Obverse description The face is printed in dark purple-grey on a multicolour guilloche underprint, with two large intaglio-engraved agricultural vignettes flanking a central medallion: at left, peasants thatching a roof and working in rice paddies, and at right, a rural courtyard scene with figures engaged in threshing and domestic tasks. The central medallion carries the large Chinese characters 拾圓 (Ten Yuan) within an ornate rosette, surmounted by the bank title 中國農民銀行 in bold Chinese script at the top. Denomination numerals 拾 and 圓 appear in the outer corners, and a text panel below the medallion bears the promise-to-pay legend in Chinese.
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Reverse description The reverse is printed in violet-purple with fine guilloche work throughout the border and side panels. A central intaglio vignette presents a Chinese ceremonial gate building (pai lou) set within a courtyard, rendered in precise architectural detail. To the right, a large vignette of a harnessed horse standing in a field occupies the right panel, while the left panel is reserved blank; the denomination TEN YUAN / NATIONAL CURRENCY appears in Roman lettering below the central vignette, with the bank title THE FARMERS BANK OF CHINA arching across the top and the printer's imprint at the foot.
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Comments

The Farmers Bank of China was established in 1933 primarily to channel agricultural credit into rural areas, though in practice it quickly became absorbed into the broader Nationalist government apparatus and functioned alongside the other three government banks — Central Bank, Bank of China, and Bank of Communications — as part of Chiang Kai-shek's 1935 banking consolidation.

De La Rue's London production gives the note a print quality sharply above what Chinese domestic presses were delivering at the time. The 1935 series predates the fabi currency reform of November that same year, which nationalized silver and made notes like this the legal backbone of a dramatically restructured monetary system almost immediately after issue.

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