40 Heller Innsbruck, Prv. Ladiner Verein

The Ladiner Verein was a cultural association representing the Ladin-speaking minority of the Dolomite valleys — Gröden, Fassa, Buchenstein, and Ampezzo — communities that found themselves politically fractured after 1919 when the Treaty of Saint-Germain-en-Laye assigned South Tyrol and much of the Ladin homeland to Italy. This emergency notgeld, issued from Innsbruck in 1920, came out of that dislocation: a diaspora organization in an Austrian city producing scrip denominated in a currency that was itself collapsing under postwar hyperinflationary pressure.

The Jaksch/Pick reference places it firmly in the Austrian notgeld corpus, though its issuer was a private cultural body rather than a municipality or savings institution.