100 Francs Neuchâtel Commercial Bank

The Banque Commerciale Neuchâteloise was one of several cantonal private note-issuing banks operating under the Swiss federal system before the 1907 establishment of the Schweizerische Nationalbank, which absorbed or terminated most private emission rights. This note falls squarely in that transitional window — the bank would have ceased issuing shortly before or immediately following the SNB's founding, making the later dates in this series particularly short-lived in circulation.

Bradbury Wilkinson's involvement here is worth noting. The London firm held engraving contracts with dozens of smaller European banks precisely because Swiss domestic print capacity for high-security currency was limited. The Neuchâtelois had no particular advantage in producing their own notes locally, so outsourcing to Bradbury Wilkinson was a practical rather than a prestige decision.