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| 防伪类型 | Perforation |
| 防伪描述 | Cancellation perforation applied by the Chaikovskiy Government (Northern Region) to overprint and validate captured Imperial Treasury notes for local circulation. |
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The Northern Region Government under Nikolai Chaikovskiy was a short-lived anti-Bolshevik administration established in Arkhangelsk in August 1918 under Allied occupation — British and American troops had landed at the port the same month. This note belongs to the perforated variant of the S175 series, the perforation applied as a rudimentary security or validation measure in a region with almost no institutional infrastructure for currency control.
Chaikovskiy himself was out of the picture by early 1919, removed in a coup by army officers before being restored briefly, then departing for Paris. The government collapsed entirely by February 1920 when Allied withdrawal made the White position untenable and Bolshevik forces retook Arkhangelsk.
Notes from this administration saw genuine but brief circulation in an isolated Arctic port under wartime conditions — paper survival reflects that.