PHILIPPINE NATIONAL BANK CIRCULATING
NOTE
ISSUE UNDER THE PROVISIONS OF ACT NUMBER 2612 OF THE PHILIPPINE
LEGISTATURE AS AMENDED BY ACT 2747
THE PHILIPPINE NATIONAL BANK
WILL PAY THE BEARER ON DEMAND
ONE HUNDRED PESOS
IN LAWFUL CURRENCY OF THE PHILLIPINE ISLANDS
Reverse lettering
PHILIPPINE NATIONAL BANK
CIRCULATING NOTE
ONE HUNDRED PESOS ONE HUNDRED PESOS