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50 Roubles - Perforated North Russia - Chaikovskiy Government
| Issuer | Provisional Government of the Northern Region (Chaikovskiy Government) |
|---|---|
| Year | 1919 |
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| Reference(s) | P#S170 |
| Obverse description | Black on green guilloche underprint. The central vignette presents the State Duma building in Moscow set within an oval frame, surmounted by a radiating sunburst and flanked by foliate ornaments. The bold heading «ЗАЕМЪ СВОБОДЫ» (Liberty Loan) dominates the upper register, below which the denomination inscription «5% ОБЛИГАЦІЯ ВЪ ПЯТЬДЕСЯТЪ РУБЛЕЙ НАРИЦАТЕЛЬНЫХЪ» is set in formal letterpress type, followed by a patriotic address to the citizens of free Russia, multiple manuscript ministerial signatures, and the place-and-date line «Петроградъ, 27 марта 1917 года» at foot. |
|---|---|
| Obverse lettering | ЗАЕМЪ СВОБОДЫ 5% ОБЛИГАЦІЯ ВЪ ПЯТЬДЕСЯТЪ РУБЛЕЙ НАРИЦАТЕЛЬНЫХЪ ГОСУДАРСТВЕННАЯ ДУМА Министръ-Предсѣдатель Петроградъ, 27 марта 1917 года |
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| Comments |
The Provisional Government of the Northern Region — commonly called the Chaikovskiy Government after Nikolai Chaikovsky, the Socialist Revolutionary who headed it — controlled Archangel from August 1918 under Allied military protection. This note belongs to a stop-gap arrangement: the base printing was produced before the government had established reliable security infrastructure, and perforation was applied afterward as an improvised anti-counterfeiting or authorization measure, distinguishing officially released stock from unissued reserves.
The government collapsed in 1920 when Allied forces withdrew and the Red Army moved north. Notes that survived the subsequent Soviet consolidation did so largely by accident.