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100 Patacas Banco Nacional Ultramarino
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1950 |
| Type | Pattern or trial banknote |
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| Obverse description | At right, an intaglio portrait vignette of Manuel José de Arriaga Brum da Silveira is set within an ornate frame, while a scalloped hexagonal watermark window at left is backed by a fine guilloche underprint. Bilingual bank name inscriptions in Portuguese and Chinese run across the face, with the denomination expressed in both Western numerals and Chinese characters. Printed signature lines for the Administrator and the President of the Administrative Council appear at lower centre, with the date 27 de Novembro de 1950 and place of issue Lisboa noted accordingly. |
|---|---|
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| Protection type | Watermark |
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| Comments |
Waterlow & Sons had been printing for the Banco Nacional Ultramarino since the late nineteenth century, and by 1950 the relationship was well established — the London firm handled much of Portugal's colonial currency work across multiple territories simultaneously. This Macanese issue came at a moment when BNU held an exclusive note-issuing monopoly in Macau that dated back to 1902, a privilege the Lisbon-based bank jealously protected and would continue to hold for decades.
The Pick 44 series is notably scarcer than the later 1963 issue that replaced it, owing to lower print runs and the tendency of Macau's humid subtropical climate to accelerate paper deterioration in circulation.