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20 Escudos

Issuer Banco Nacional Ultramarino
Year 1921
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Reference(s) P#59
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Reverse description A central oval vignette encloses an allegorical seated female figure, rendered in intaglio, with ships visible in the distance at sea. The numeral 20 appears in large letterpress format on both left and right flanks, set against an intricate multicolour guilloche underprint with decorative lacework border elements in green and blue tones. The bank title arcs across the central medallion in bold lettering.
Reverse lettering PAGAVEL NAS DEPENDENCIAS DA PROVINCIA DE ANGOLA 20 BANCO NACIONAL ULTRAMARINO 20
(Translation: Payable on the premises of the province of Angola, National Overseas Bank)
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The Banco Nacional Ultramarino was Portugal's designated overseas bank, issuing currency across its colonial territories rather than in metropolitan Portugal itself. This 1921 note is a Mozambique issue — BNU operated separate series for different territories, and the P#59 designation places this firmly within the Mozambican sequence rather than the Angola or Timor lines, which ran concurrently under the same institutional umbrella but with distinct plates.

Bradbury Wilkinson handled a substantial share of Portuguese colonial currency printing during this period, a relationship built on the firm's established reputation for intaglio security work across British and foreign colonial clients alike.

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