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| 表面の説明 | Large intaglio vignette of a lion's head in left profile occupies the left portion of the note, rendered in deep red on a light guilloche underprint. A multicolour cityscape vignette of Hong Kong harbour appears at centre-right as an underprint. The denomination and promise-to-pay legend are printed in bold letterpress at centre, with the issuing authority's name in both English and Chinese at top. |
|---|---|
| 表面の銘文 | The Hongkong and Shanghai Banking Corporation Limited 香港上海匯豐銀行有限公司 Promises to pay the bearer on demand at its Office here ONE HUNDRED HONGKONG DOLLARS 憑票即付 港幣壹佰元 承董事會命 By order of the Board of Directors EXECUTIVE DIRECTOR 執行董事 HONGKONG 1st JANUARY 1993 香港一九九三年一月一日 |
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The Hongkong and Shanghai Banking Corporation's right to issue banknotes in Hong Kong is one of the more unusual arrangements in modern banking — a commercial institution, not a central bank, putting currency into circulation under licence from the government. During the period this series was issued, that arrangement survived the 1997 handover intact, with the three note-issuing banks continuing under essentially the same regulatory framework, now overseen by the Hong Kong Monetary Authority rather than the colonial administration.
Thomas De La Rue's involvement here is unremarkable by itself — they printed for HSBC throughout much of the twentieth century. What matters is the continuity: the same issuing privilege, the same printer, the same series number running across the sovereignty transfer without interruption.