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20 Cents Societe Francaise des Charbonnages du Tonkin

Issuer Société Française des Charbonnages du Tonkin
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Composition Paper (yellow)
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Obverse description Letterpress-printed in black on yellow paper, with the denomination '20 CENTS' at centre within a rectangular frame. Issuer's name in bold text occupies the left panel, while the right panel bears the redemption notice and a red serial number prefixed 'No'.
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Reverse description Reverse is plain, printed on unadorned yellow paper with a serrated border running along the top and bottom edges, and no additional text or vignette.
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The Société Française des Charbonnages du Tonkin was the principal coal-mining conglomerate operating the Hòn Gai coalfields in northern Vietnam — among the most productive in colonial Southeast Asia. Company-issued scrip of this kind functioned as internal currency, paid to Vietnamese miners and redeemable only at company stores, a system that effectively trapped labor within the enterprise's economic orbit. French colonial authorities tolerated such arrangements well into the twentieth century.

Yellow paper was a deliberate production choice for low-denomination scrip, allowing rapid visual sorting at the pay window.

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