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50 Avos Stamp PAGAVEL EM TIMOR over '50 Avos', Macau
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1940 |
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| Value | 50 Avos (0.50) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | MACAU Nº 102686 BANCO NACIONAL ULTRAMARINO PAGAVEL EM TIMOR CINCOENTA AVOS Nº 102686 |
| Reverse description | The reverse is printed entirely in red-orange and displays a large central oval guilloche medallion enclosing the numeral 50 within a circle inscribed AVOS, surrounded by intricate lathe-work scrollwork and floral ornaments. The issuer name BANCO NACIONAL ULTRAMARINO arches across the top, with MACAU and CINCOENTA AVOS reading along the outer border; Chinese characters appear at the left and right margins, and the overprint legend PAGAVEL EM TIMOR is struck in bold red lettering at the bottom. |
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| Comments |
When Japanese forces cut off normal supply lines to Portuguese Timor in late 1941 and early 1942, the Banco Nacional Ultramarino had no practical means of printing and shipping proper currency to Dili. This note is a stopgap from the previous emergency: the 1940 issue was produced in Hong Kong by the Hongkong Printing Press and then handstamped "PAGAVEL EM TIMOR" — payable in Timor — to distinguish it from parallel BNU issues circulating in Macau. The overprint was the bank's way of segmenting its colonial currency pools with minimal infrastructure.
Pick 9 is among the scarcer BNU provisional issues from this period, partly because Portuguese Timor's wartime occupation severely disrupted orderly redemption and record-keeping.