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5 Francs Papeete

Issuer Banque de l'Indochine
Year 1927
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Size 150 × 92 mm
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Obverse lettering BANQUE DE L'INDO-CHINE 5 CINQ FRANCS PAPEETE PAYABLES EN ESPÈCES AU PORTEUR L'ART 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCÉS CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS DE BANQUES AUTORISÉES PAR LA LOI. CH. WALHAIN FEC. E. DELOCHE SC.
(Translation: Bank of Indochina Five Francs Papeete Payable in cash to bearer Art. 139 of the Penal Code punishes with hard labour those who have counterfeited or falsified banknotes authorized by Law.)
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Reverse lettering BANQUE DE L'INDO-CHINE L'ARTICLE 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCÉS CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS DE BANQUES AUTORISÉES PAR LA LOI.
(Translation: Bank of Indochina. Article 139 of the Penal Code punishes with hard labour those who have counterfeited or falsified banknotes authorized by Law.)
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Comments

The Banque de l'Indochine extended its reach into French Polynesia through agreements with the French colonial administration, and the Papeete branch notes were authorized separately from the main Indochina circulation — meaning this 5 Francs sat within a distinct issuing mandate despite sharing institutional parentage with notes circulating in Saigon and Hanoi. Walhain and Deloche were a productive pairing at the Banque de France workshops during the interwar period, their collaboration appearing across multiple colonial series.

Pick 11 is notoriously difficult to find in any condition above heavily circulated, reflecting both the intensity of use in Tahiti's small cash economy and the attrition typical of tropical storage.

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