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100 Patacas Stamp PAGAVEL EM TIMOR over '100 Patacas', Macau

Issuer Banco Nacional Ultramarino
Year 1945
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Size 201 × 125 mm
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Obverse description A Macau Banco Nacional Ultramarino 100 Patacas note counterstamped in 1945 with a typeset overprint reading 'PAGAVEL EM TIMOR' applied in dark ink across the upper portion of the face, validating the note for circulation in Portuguese Timor. The underlying note displays an elaborate guilloche underprint in red and ochre tones, with the central oval vignette bearing the denomination '$100' within a fine lathe-work border, flanked by the issuer's name 'BANCO NACIONAL ULTRAMARINO' in a curved banner. Chinese characters expressing the denomination '壹佰圓' appear at upper and lower corners, and the Portuguese Republican arms vignette inscribed 'REPUBLICA 5 DE OUTUBRO DE 1910' is repeated at the lateral medallions.
Obverse lettering PAGAVEL EM TIMOR
BANCO NACIONAL ULTRAMARINO
$100
壹佰圓
REPUBLICA 5 DE OUTUBRO DE 1910
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Reverse lettering PAGAVEL EM TIMOR
BANCO NACIONAL ULTRAMARINO
$100
壹佰圓
REPUBLICA 5 DE OUTUBRO DE 1910
BARCLAY & FRY LIMITED, LONDON, E.C.
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