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| 正面铭文 | Ajuntament de Caldes de Malavella Val per 50 cèntims Quantitat reembolsable a la caixa municipal Acord de l'ajuntament de data 5 agost 1937 CALDES DE MALAVELLA, AGOST 1937 (Translation: City Council of Caldes de Malavella Voucher for 50 Centimos Amount refundable at the municipal treasury City Council agreement dated August 5, 1937 Caldes de Malavella, August 1937) |
| 背面描述 | Plain off-white field with a vertical border on each side composed of a column of green semicircles forming a decorative guilloche-like pattern. The central area carries the authorisation legend in bold black letterpress, with three signature lines below for the Alcalde, the Depositari, and the Secretari Interventor. |
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Caldes de Malavella is a small spa town in the Girona province, and like hundreds of Catalan municipalities during the Civil War, its ayuntamiento issued its own fractional paper currency after metallic coin effectively vanished from circulation in 1936. The Republican government's decree permitting local emergency emissions produced an extraordinary proliferation of these notes — Turró catalogues well over a thousand distinct issues from Catalonia alone.
Municipal emissions at this denomination were typically printed in very small runs, often on whatever stock was locally available, and many issues from smaller towns survive in quantities of single digits.