20 Francs Succursale de Nouméa

The Compagnie de la Nouvelle-Calédonie was a short-lived colonial trading company granted banking privileges in New Caledonia during the early years of French settlement — a period when the territory was simultaneously being developed as a penal colony and a nickel-mining frontier. Private issue money of this type filled the vacuum left by the absence of any formal colonial bank, which wouldn't arrive until the Banque de la Nouvelle-Calédonie was established years later.

Imprimerie Chaix, a respected Paris commercial printer, produced the plates. The Nouméa branch designation on the note distinguishes it from any metropolitan issue and signals that this denomination circulated specifically within the territorial economy, not in France.

Pick lists only a handful of survivors.