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5 Baht / 5 Ticals HSBC

Issuer The Hongkong and Shanghai Banking Corporation
Year 1891
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Value 5 Bahts
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Reverse description Plain pink-toned reverse with an overall fine guilloche underprint, the denomination numeral '๕' repeated in each corner within delicate rosette ornaments. The centre carries a block of Thai script text setting out the promise-to-pay obligation in Siamese, with the issuer's Thai-script name at the top and the place name 'กรุงเทพฯ' at the foot, the whole framed by a simple ruled border.
Reverse lettering ๕           ๕ ฮองกงและเชียงไฮ้แบงกิงกอปอเรชัน สัญญกว่า เมื่อผู้ ใด หนึ่ง } ได้นํฃหนังสือสำคัญฉบับนี้ มายื่นทิ่ห้างข้าทเจ้าในหัวเมืองนี้แล้ว ฃา้ทเจา้จะใช้ เงินให้แก่ผู้นั้นในทันใด เปนเงินสยาม ห้า บาท โดยบัญท่แห่งผู้บังคัปการนี้ กรุงเทพฯ ๕           ๕
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Comments

The Hongkong and Shanghai Banking Corporation held a license to issue banknotes in Siam during the late nineteenth century, one of several foreign banks permitted to do so before the government moved to consolidate currency under state control. This note predates the establishment of the Thai government's own paper money by nearly a decade — the Ministry of Finance didn't issue its first notes until 1902.

Barclay & Fry operated out of Bristol, not London, despite the London credit sometimes associated with their output. A detail worth flagging when reconciling printer records against catalogue entries.