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5 Chiao North Hupeh Farmer's Bank
| Issuer | North Hupeh Farmer's Bank |
|---|---|
| Year | 1931 |
| Type | Local banknote |
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| Obverse description | The obverse is printed in red on plain paper with a rectangular border of floral and geometric guilloche work, the denomination numeral '5' repeated in each corner. A central vignette carries a portrait of Vladimir Ilyich Lenin (Ulyanov), consistent with the Soviet-influenced character of this Chinese Communist base-area issue. Chinese character inscriptions identifying the bank and denomination appear in the upper register. |
|---|---|
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| Reverse description | The reverse is printed in green with a bold rectangular guilloche border, the denomination numeral '5' repeated in each corner. The central field is occupied by multiple columns of Chinese text setting out the terms and conditions of the note's use, with a red underprint visible through the green letterpress. A panel at the lower centre carries romanised lettering reading 'KAO FACE'. |
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| Comments |
The North Hupeh Farmer's Bank was one of dozens of regional agricultural banks established across China in the late 1920s and early 1930s under Nationalist government policy to extend rural credit and undercut the grip of traditional moneylenders. Hupeh province — the middle Yangtze region — was a cotton and grain surplus area, and these notes were intended to circulate among farmers and local traders rather than through urban commercial channels.
The "P" suffix on the Pick reference designates a proof or specimen. Issued examples from this bank are genuinely uncommon; the institution's short operational window before the disruptions of the early 1930s limited how much currency actually reached circulation.