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

Issuer Banco Nacional Ultramarino
Year 1945
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Printer Bradbury Wilkinson and Company, United Kingdom (1856-1990)
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Reverse description The reverse carries the original Banco Nacional Ultramarino design printed by Bradbury Wilkinson & Co., centred on a large oval guilloche cartouche bearing the denomination '$100' within an elaborate engine-turned border, flanked by two circular medallions with the Portuguese royal arms. The bank name 'BANCO NACIONAL ULTRAMARINO' arches across the upper and lower portions of the central vignette, while Chinese characters reading '壹佰圓' appear in each corner. The 'PAGAVEL EM TIMOR' overprint is applied in bold letterpress across the upper centre of the face, and the printer's imprint 'BRADBURY, WILKINSON & Cº Lº CHAVADORES, LONDRES' appears at the lower margin.
Reverse lettering BANCO NACIONAL ULTRAMARINO
$100
PAGAVEL EM TIMOR
壹佰圓
BRADBURY, WILKINSON & Cº Lº CHAVADORES, LONDRES
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Comments

This note began life as a standard Banco Nacional Ultramarino issue for Macau, then acquired its second purpose through overprint. The "PAGAVEL EM TIMOR" stamp was applied to redirect notes toward Portuguese Timor following the catastrophic disruption of the Japanese occupation, which had effectively destroyed the territory's functioning currency supply. Bradbury Wilkinson produced the base notes in London, but the overprinting sequence and authority behind it remain incompletely documented in the literature.

Pick 11B is scarce in any grade — the combination of wartime logistics, a tiny colonial economy, and the violence of the occupation years meant few survived intact.

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