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50 centimes - Chambre de Commerce de Chalon-sur-Saône, Autun et Louhans [71]

Issuer Chambre de Commerce de Chalon-sur-Saône, Autun et Louhans
Year 1916
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In circulation to 28 June 1921
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Obverse lettering CHAMBRE DE COMMERCE DE CHALON-S-SAÔNE, AUTUN & LOUHANS DÉLIBÉRATION DU 27 JUIN 1916 50 Centimes Le Trésorier Le Président Série 213 IMP. B. ARNAUD LYON - PARIS
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Protection type Watermark
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Comments

The Chambres de Commerce emergency issues of 1916 were a direct response to the acute small-change shortage that swept France once wartime hoarding stripped silver from circulation almost entirely. This chamber covered three distinct commercial centers — Chalon-sur-Saône, Autun, and Louhans — an unusually wide geographic remit for a single issuing authority, reflecting the administrative consolidation forced on the region by wartime staffing constraints.

B. Arnaud's Lyon workshop handled a significant volume of these regional nécessité notes during the war years, and the watermarked paper was one of the few anti-counterfeiting provisions available at a moment when sophisticated security printing was simply not a priority.

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