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| 正面描述 | Green and black on pale brown underprint. The bank name is printed across the centre in bold lettering, flanked by ornate engraved columns on either side, with the denomination rendered in figures at centre. The text block below specifies the branch in Dili (Timor) and the promise to pay the bearer, with spaces for the Governor, Vice Governor, and Manager signatures, and the printer's imprint at the foot. |
|---|---|
| 正面铭文 | $20 BANCO NACIONAL ULTRAMARINO $20 O Thesoureiro da Filial em Dili (Timor) pagará á vista ao portador VINTE PATACAS em moeda corrente Valor recebido. Lisboa 1 de Janeiro de 1910 O GOV. O VICE GOV. O GERENTE BRADBURY, WILKINSON & Co. Ld. LONDON (Translation: $20 Overseas National Bank $20 The Treasurer of the Branch in Dili (Timor) will pay the bearer on demand TWENTY PATACAS in local currency Value received. Lisbon 1 January 1910 The Governor The Vice Governor The Manager) |
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Banco Nacional Ultramarino's Macau branch operated under a concession originally granted in 1902, giving it sole right of note issue in the territory — a privilege that defined its presence there for decades. This 1910 issue predates the Portuguese Republic by only months; the October revolution that ended the monarchy came that same year, leaving notes printed under the royal regime circulating into an entirely different political order without recall or overprint.
Bradbury Wilkinson's intaglio work on this series is characteristically fine. The firm's Macau commissions from this period are among the rarer entries in their production ledgers — low print runs for a small colonial entrepôt with a correspondingly narrow circulation pool.