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| 正面描述 | Blue letterpress voucher with a crosshatch guilloche underprint throughout. The issuer name on a scroll banner occupies the upper portion, with the denomination «20 FRANCS» set in a solid blue panel at centre, flanked by two vignettes of wheat sheaves and four medallions bearing allegorical figures. A cooperative motto runs along the lower border. |
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| 背面铭文 | L'UNION DE LIMOGES Société civile anonyme coopérative à personnel et capital variables Fondée à Limoges, le 20 Novembre 1881 Constituée définitivement le 22 Août 1886 Siège Social 14, Rue de la Fonderie, Limoges L'Administrateur Délégué Le Caissier UN POUR TOUS TOUS POUR UN |
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L'Union de Limoges was a consumer cooperative, and this note is a billet de nécessité — scrip issued to members as a substitute for state currency during the chronic coin shortages that followed the First World War. French municipalities, cooperatives, and chambers of commerce all flooded the market with such paper during the 1920s; the Limoges cooperative's extended issue window, running into the mid-1930s, suggests continued internal utility well past the point when most French emergency scrip had been withdrawn and demonetized.
A. Poméon & Cie in Oullins was a specialist in cooperative and commercial printing, not a security printer in the strict sense — which shows in the relatively modest anti-counterfeiting measures typical of the series.