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100 Dollars

Issuer Hongkong & Shanghai Banking Corporation
Year 1881
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Value 100 Dollars
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Obverse description Orange intaglio print on white paper with blue guilloche underprint. A crowned coat of arms vignette is centred at top, flanked by two ornate $100 denomination panels; multilingual inscriptions in Chinese, Jawi, and Tamil border the note on left and right margins. The bank title and promise-to-pay text appear in bold letterpress across the centre field.
Obverse lettering $100
SINGAPORE
THE HONGKONG & SHANGHAI BANKING CORPORATION
Promise to pay the Bearer on demand
at its office here ONE HUNDRED DOLLARS
Local Currency for Value received.
By Order of the Board of Directors
Accountant
Manager
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Comments

HSBC's early Hong Kong dollar notes were printed in London by Metchim & Son, a firm better known for legal and official stationery than for banknote production — an unusual choice at a time when specialist security printers dominated the field. The bank was still relatively young, having been founded in 1865, and its note-issuing operation in the 1880s was expanding rapidly to meet trade financing demands across the treaty port network.

Survivors from this 1881 issue are exceptionally rare. High-denomination notes of this period circulated primarily among merchant houses and were frequently remitted, cancelled, and destroyed rather than retained.