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50 Centimes - Chambre de Commerce de Châteauroux 36

Issuer Chambre de Commerce de Châteauroux
Year 1916
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Currency Franc (1795-1959)
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Reverse description The reverse is printed in blue on a matching guilloche underprint, enclosed within an elaborate rocaille scrollwork border. The denomination numeral 50c appears in large bold type at the upper left and upper right corners. The entire centre field is occupied by a guarantee text in cursive script, stating that the note is backed by an equal deposit at the Banque de France and is redeemable at its Châteauroux branch in multiples of ten, subject to a five-year redemption deadline from the date of issue.
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Protection type Watermark
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Comments

Châteauroux's chamber of commerce began issuing emergency fractional notes in 1916 as the wartime metal shortage stripped small change from everyday commerce across France. The Banque de France had effectively abandoned the centime in circulation, and local bodies — chambers of commerce, municipalities, cooperatives — stepped in to fill the gap under a framework tacitly permitted by the Treasury. Badel was a local press, not a specialist security printer, and that shows in the relatively modest production values compared to notes printed in Paris or Lyon for larger commercial bodies.

The JP#46 series ran across multiple reference numbers with minor typographic and watermark variants, which is why this note appears under three Pick sub-references.

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