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1000 Reis Overprinted on P#4b

Issuer Banco Nacional Ultramarino
Year 1922
Type Standard circulation banknote
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Obverse lettering BANCO NACIONAL ULTRAMARINO O THESOUREIRO DA FILIAL EM S. THIAGO PAGARÁ Á VISTA AO PORTADOR MIL RÉIS EM MOEDA CORRENTE VALOR RECEBIDO EMISSÃO CHAMIÇO LISBOA. 1 de MARÇO de 1909.
(Translation: National Bank Overseas The Treasurer of the Agency of St. Thiago Pay in cash by carrier Thousand Reis in currency Amount received Chamiço Issue Lisbon, March 1st, 1909.)
Reverse description The reverse is printed in green and centres on an oval intaglio vignette of a seated allegorical female figure, rendered in fine line engraving and encircled by the bank's name in curved lettering. The denomination '1000' appears in large numerals at both the left and right margins, flanked by intricate guilloche rosettes and geometric lathe-work. At the top, a rectangular panel carries the branch inscription, while the printer's imprint of Bradbury Wilkinson & Co. appears along the lower edge.
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Comments

Banco Nacional Ultramarino's practice of overprinting surplus stock from earlier issues was a recurring cost-saving measure across its colonial territories, and this 1922 overprint on P#4b is a direct product of that approach. The base note predates the overprint by several years; the 1000 Reis denomination was stamped onto existing printed stock rather than commissioning a new design from Bradbury Wilkinson, whose original plates remained in use throughout the series.

Reis denominations were already becoming administratively awkward by 1922, with the escudo system having been established for Portugal proper in 1911, though colonial monetary alignment lagged considerably behind the metropole.

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