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25 Centimes - Chambre de Commerce de Montluçon - Gannat 03

Issuer Chambre de Commerce de Montluçon - Gannat
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Value 25 Centimes (0.25)
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Obverse description Green note with a decorative dot-and-rule border enclosing the text «CHAMBRE DE COMMERCE» at top in a curved banner and «BON de 25 Centimes» flanking a central black medallion bearing the large numeral «25» in cream. Below the medallion, the issuing authority «DE MONTLUÇON - GANNAT» appears in bold letterpress, with manuscript facsimile signatures of the Vice-Président and the Trésorier printed to the left and right respectively, and the printer's imprint «HERBIN & BOUCHÉ - MONTLUÇON» in small type at the lower right.
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Protection type Watermark
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Comments

The Chambres de Commerce emergency issues of World War One filled a gap left by the near-total disappearance of metal coinage from French circulation after 1914 — hoarding and metal requisitions stripped small denominations from daily commerce almost immediately. The Montluçon-Gannat chamber was among dozens of regional bodies authorized to print their own fractional notes, each valid only within a defined commercial zone. Herbin & Bouché, a local Montluçon printer, produced this series in-house rather than routing the work through a Paris firm, which was unusual and gave the notes a distinctly provincial character.

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