20 Cents Chekiang Provincial Bank

The Chekiang Provincial Bank operated as a regional institution under Nationalist government oversight, and its notes from this period were issued in parallel with central currency at a time when provincial banks still retained meaningful authority to circulate their own paper. The Dah Tung Book Co. in Hong Kong handled a substantial portion of Chinese provincial printing work during the 1930s — a pragmatic arrangement that kept quality printing capacity out of reach of Japanese disruption on the mainland.

Republican Year 25 places this note in 1936, just one year before the full outbreak of the Second Sino-Japanese War, which effectively ended normal circulation for most Chekiang-issued currency within months.