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| 正面描述 | Letterpress-printed in black on plain paper stock, with a geometric border frame enclosing the text field and a green geometric underprint in the background. A circular emblem of the L.N.E. (Laboratoris del Nord d'Espanya) appears at the lower portion, with denomination and serial number in black typeface. |
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| 正面铭文 | 25 cèntims Aquest val, per faciliar canvi, únicament té eficàcia dintres els L. N. E. i entre els seus empleats. Cada vint vals seran cancel·lats a caixa. 29-IV-1937 . 4.000 Núm. 0010 LNE (Translation: 25 Centimos This voucher, to facilitate exchange, is only valid within the Laboratories of Northern Spain and among their employees. Every twenty vouchers will be cancelled at the cashier. April 29, 1937) |
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Laboratoris del Nord d'Espanya was a pharmaceutical manufacturer based in El Masnou, a coastal town north of Barcelona. Like hundreds of Catalan businesses, cooperatives, and municipal bodies, L.N.E. issued its own emergency fractional currency in 1937 when the Republican government's coin supply collapsed under wartime hoarding and metal shortages. These privately issued paper fractions — collectively catalogued under the *Arxiu Local* (AL) system — are among the most idiosyncratic products of the Spanish Civil War period.
A pharmaceutical company printing its own money is not an anomaly for 1937 Catalonia. It is the rule.