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5 Pesos

Emittent Treasury of the Province of Masbate
Jahr 1942
Typ Standard circulation banknote
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Vorderseitenbeschreibung Plain paper ground with a simple rectangular border frame. Central text block reads PROVINCE OF MASBATE in large display lettering, with FIVE PESOS below in bold capitals. A certificate legend at top states that deposits have been made with the Philippine National Bank to the official credit of the Treasury, and a redemption clause below the denomination reads REDEEMABLE TO THE BEARER IN SILVER PESOS OR IN LEGAL TENDER CURRENCY OF THE UNITED STATES OF EQUIVALENT VALUE. Two manuscript signatures appear at lower left and lower right, with the serial number 1679 hand-stamped in blue at right, and the date 1942 printed at lower left. The note is identified at the base as an EMERGENCY TREASURY CERTIFICATE.
Vorderseitenlegende FIVE PESOS
PROVINCE OF MASBATE
THIS CERTIFIES THAT THERE HAS BEEN DEPOSITS WITH THE PHILIPPINE NATIONAL BANK TO THE OFFICIAL CREDIT OF THE TREASURY OF THE PROVINCE OF MASBATE
REDEEMABLE TO THE BEARER IN SILVER PESOS OR IN LEGAL TENDER CURRENCY OF THE UNITED STATES OF EQUIVALENT VALUE
EMERGENCY TREASURY CERTIFICATE
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Anmerkungen

Masbate Province issued its own emergency currency in 1942 under Japanese occupation, when the collapse of normal banking channels forced local Philippine provincial governments to produce guerrilla or civil emergency notes to keep basic commerce functioning. The Treasury of the Province of Masbate was one of dozens of such local authorities that stepped into the vacuum left by the fall of Manila and the disruption of the Philippine National Bank network.

Provincial emergency notes from the Visayas and Bicol regions — Masbate sits between both — are among the more difficult wartime Philippine issues to attribute cleanly, as record-keeping was improvised and print runs were small. S459 survivors tend to show heavy use, consistent with actual circulation rather than hoarding.

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