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100 Escudos

Issuer Banco Nacional Ultramarino
Year 1937
Type Standard circulation banknote
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Obverse description Purple on multicolour underprint. A portrait vignette of João Teixeira Pinto is positioned at left, with the bank seal at right and the Portuguese Coat of Arms at lower centre. The date and decree number appear within the face design, framed by guilloche patterning.
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Reverse description Printed in black and purple on a green guilloche underprint. A central oval vignette shows a seated allegorical female figure gazing toward a harbour scene with tall ships in the background. The denomination numerals '100' appear in large intaglio figures flanking the central vignette at left and right, with the bank name running across the upper portion of the design. The printer's imprint 'Bradbury, Wilkinson & Co. Gravadores, Londres' appears at the lower margin.
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Comments

The Banco Nacional Ultramarino occupied an unusual position in Portuguese colonial finance — it held note-issuing authority not for Portugal itself but for its overseas territories, a mandate it exercised across multiple colonies simultaneously with distinct series for each. This particular issue predates the significant redesigns that followed World War II, placing it in a period when the bank's relationship with Lisbon was being quietly renegotiated amid broader Salazarist economic centralization.

Bradbury Wilkinson's intaglio work from this period is technically accomplished. The London firm produced colonial currency for dozens of issuing authorities through the mid-twentieth century, and their printing quality is generally consistent — which makes attribution errors in the catalog rare but not impossible for this series.

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