50 Centavos

The Katipunan sa Kaluwasan sang Ka-anakan sang Kapupud-an was a guerrilla civil administration operating on Masbate Island during the Japanese occupation of the Philippines. Like dozens of similar provincial and municipal emergency issuers across the archipelago, it produced low-denomination guerrilla currency to keep local trade functioning after Japanese military scrip and pre-war Commonwealth notes became either distrusted or unavailable in the interior.

Masbate guerrilla notes are among the more obscure in the Philippine emergency currency series — the island's small population and limited printing resources kept production volumes low. P#S461 is one of only a handful of denominations attributed to this particular issuing body.