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| 背面描述 | Olive-green reverse dominated by an intricate guilloche border and underprint pattern; at centre is a circular vignette of the Banco Nacional Ultramarino seal, showing a sailing vessel with the legend BANCO NACIONAL ULTRAMARINO and INDUSTRIA COMMERCIO AGRICULTURA around the perimeter. The denomination 20 AVOS appears in large figures at the lower left, with the Chinese characters 貳毫 at the right, and the bank name is repeated in letterpress at the top. A red SPECIMEN overprint is applied diagonally across the face. |
| 背面铭文 | BANCO NACIONAL ULTRAMARINO MACAU 20 AVOS 毫貳 |
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The Banco Nacional Ultramarino operated as the privileged issuing bank across Portugal's overseas territories, and this 20 Avos note belongs to the low-denomination fractional series produced for Timor — a colonial outpost where the circulation economy ran on very small transactions. Bradbury Wilkinson handled the printing, as they did for a considerable portion of Portugal's colonial currency work during this period.
The avo denominations are the scarcer end of the Timor series. Low-face fractional notes from remote colonial territories tend to disappear into actual use rather than collections, and survival rates reflect that.