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50 Escudos

Issuer Banco Nacional Ultramarino
Year 1921
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Currency Escudo (1914-1974)
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Reverse description Printed predominantly in red. A central vignette depicts a female allegorical figure with sailing vessels in the background. A 'S. TOMÉ e PRÍNCIPE' overprint appears in green.
Reverse lettering PAGAVEL NAS DEPENDENCIAS DA PROVINCIA DE S. TOMÉ E PRINCIPE BANCO NACIONAL ULTRAMARINO Bradbury, Wilkinson & Co. Ld. Gravadores, Londres
(Translation: Payable at the offices of the Province of St. Thomas and Prince National Overseas Bank Bradbury, Wilkinson & Co. Ltd. Engravers, London)
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Comments

Bradbury, Wilkinson printed this note for Banco Nacional Ultramarino, the state-backed colonial bank that held monopoly rights over currency issuance across Portugal's overseas territories. The 1921 date places it amid a chaotic period for Portuguese colonial finance — metropolitan Portugal had been struggling with wartime inflation and fiscal instability since the early 1910s, and the escudo itself had only replaced the old milréis system in 1911, meaning the currency framework was barely a decade old when this note was struck in London.

The BNU's reliance on Bradbury, Wilkinson throughout this period was consistent across multiple colonial territories, with plates sometimes shared or adapted between issues.

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