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100 Patacas Banco Nacional Ultramarino, uncrowned arms

Issuer Banco Nacional Ultramarino
Year 1919
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Value 100 Patacas
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Obverse lettering 行銀理滙外海國洋西大 BANCO NACIONAL ULTRAMARINO O Thesoureiro da agencia em Macau pagara a visita ao portador CEM PATACAS em MOEDA CORRENTE valor recebido LISBOA 門澳 MACAU 門澳
Reverse description The reverse is printed in olive-brown and yellow-green, with an elaborate guilloche framework of rosette medallions and floral lathe-work filling the entire field. A large central horizontal band carries the bank name BANCO NACIONAL ULTRAMARINO in two lines flanking a prominent oval containing the denomination $100 in bold numerals within an ornate engine-turned surround. The Portuguese arms appear in circular guilloche medallions to the left and right of centre, the Chinese denomination 壹佰圓 is repeated in all four corners, and the printer's imprint BRADBURY, WILKINSON & Cª GRAVADORES, LONDRES appears at the foot of the note.
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Comments

The Banco Nacional Ultramarino was the sole note-issuing authority for Portuguese Macau throughout the colonial period, but the 1919 series arrived at an awkward moment — wartime inflation had badly eroded confidence in paper instruments across Portuguese-administered territories, and high-denomination notes like this one were viewed with particular suspicion in a trading port where silver coin remained the preferred medium.

Bradbury Wilkinson's involvement signals the quality tier BNU was aiming for. The London firm had by this date an established record printing colonial currency for Portuguese possessions, and their intaglio work was specifically chosen to counter the sophisticated counterfeiting networks active in southern China at the time.

The "uncrowned arms" designation distinguishes this issue from later types and reflects the republican heraldic revision following Portugal's 1910 abolition of the monarchy.

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