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100 Escudos

Issuer Banco Nacional Ultramarino
Year 1947
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Size 170 x 98 mm
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Obverse lettering BANCO NACIONAL ULTRAMARINO
Reverse description Red on pale underprint. Central oval vignette of a seated allegorical female figure with a sailing ship in the background, flanked by large numeral 100 on each side. Bank title across top, colonial inscription PAGAVEL NA COLONIA DE MOÇAMBIQUE above, printer's imprint at lower centre.
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Comments

The Banco Nacional Ultramarino occupied an unusual position in Portuguese colonial finance — a private institution operating under state charter, simultaneously serving Angola, Mozambique, Portuguese India, Timor, and several other territories, each requiring its own distinct note series. This 1947 issue belongs to a period when the BNU was consolidating its printing relationships with Bradbury, Wilkinson & Company, whose intaglio work was among the most technically refined available to smaller issuing authorities at mid-century.

The watermark security on this series is relatively restrained by Bradbury Wilkinson standards. Known examples show occasional ink oxidation along fold lines — a recognized characteristic of this specific issue rather than evidence of mishandling.

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