50 Centavos

Descrizione del dritto	Black letterpress on plain paper with an elaborate guilloche border framing the entire note. The bank title 'PHILIPPINE NATIONAL BANK' is printed in large bold lettering at the top, below which the designation 'EMERGENCY CIRCULATING NOTE' appears, with the statutory authority inscription and promise to pay the bearer on demand centred in the body. A prominent red circular bank seal is struck at centre, with serial numbers printed vertically in red at both left and right margins, and the denomination '50 CENTAVOS' rendered in bold block lettering across the lower centre.
Legenda del dritto	FIFTY CENTAVOS PHILIPPINE NATIONAL BANK EMERGENCY CIRCULATING NOTE ISSUED UNDER THE PROVISIONS OF ACT NO 2612 OF THE PHILIPPINE LEGISLATURE THE PHILIPPINE NATIONAL BANK WILL PAY THE BEARER ON DEMAND FIFTY CENTAVOS FIFTY CENTAVOS GOLD HAS BEEN DEPOSITED IN THE INSULAR TREASURY FOR THE REDEMPTION OF THIS CERTIFICATE CASHIER ACTING PRESIDENT 50 CENTAVOS
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Legenda del rovescio	PHILIPPINE NATIONAL BANK FIFTY CENTAVOS EMERGENCY CIRCULATING NOTE MANILA, P.I. SEPT. 22 1917 50¢
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