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| 正面铭文 | 伍 行銀立市州廣 伍 失 訂 圓伍圓伍 票 明 伍——伍 內 見 圓——圓 持 字 票 伍——伍 票慿 跡 無 圓——圓 人票 原 息 伍——伍 通即 無 支 圓——圓 用付 添 付 伍——伍 銀 改 不 圓——圓 亳 此 湳 伍——伍 據 遺 圓伍圓伍 副 伍 行 行 圓 長 長 整 伍 印年二十二國民華中 伍 (Translation: Five Canton Municipal Bank Five This banknote ensures that payment is made on demand without interest and is not subject to change. The writing on the banknote is authentic and there are no alterations made to it. Pay on demand. Could be trade with silver coins. Issued in the 22nd year of the Republic) |
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| 背面铭文 | 5 THE CANTON MUNICIPAL BANK 5 PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE FIVE DOLLARS LOCAL CURRENCY CANTON 5 1ST MAY, 1933 5 WATERLOW & SONS LIMITED, LONDON. |
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The Canton Municipal Bank was a short-lived institution operating under the Nationalist municipal government of Guangzhou (Canton), issuing notes in the early 1930s at a moment when regional and municipal banks across China were proliferating rapidly — often competing directly with central government currency. Waterlow & Sons handled the printing, as they did for a substantial portion of Chinese provincial and municipal paper during this period, their London facility producing notes for clients who wanted security printing of a quality domestic Chinese printers could not yet reliably match.
The bank's operational lifespan was brief, and redemption was uncertain even while it functioned. Notes of this series are genuinely scarce in any condition.