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300 Escudos

Issuer Banco Nacional Ultramarino
Year 1959
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Currency Escudo (1958-1961)
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Obverse description Violet and multicolour intaglio print with a portrait vignette of Afonso de Albuquerque to the right, a watermark window to the left, and the Portuguese coat of arms at bottom centre. Value numerals 300 appear in all four corners, with guilloche underprint throughout. The bank title and denomination inscriptions are rendered in letterpress.
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Reverse lettering BANCO NACIONAL ULTRAMARINO 300 TREZENTOS ESCUDOS
(Translation: National Bank Overseas 300 Three Hundred Escudos)
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Comments

The Banco Nacional Ultramarino was a Lisbon-based institution with a Portuguese colonial banking mandate stretching across Africa and Asia, and this note was almost certainly issued for circulation in one of those territories rather than metropolitan Portugal — though the specific colony is not identified in the Pick reference for P#44. BNU held a monopoly on note issue across multiple territories simultaneously, printing different series through the same London printer, which occasionally leads to misattribution between issues.

Thomas De La Rue's involvement here is straightforward contract work, nothing unusual for the period. The watermark is the sole security feature — modest by 1959 standards.

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