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| 背面描述 | Uniform light blue-grey intaglio print with elaborate guilloche border surrounds a central landscape vignette of the Great Wall of China winding across mountainous terrain. The denomination '50' appears in large numerals at lower left and right, with the English legend 'BANK OF REHHER SHEENG' arched at top and 'FIFTY YUAN' below the central vignette. The imprint 'PRINTED BY YUNG PEI HUAN' appears at the foot. |
| 背面铭文 | BANK OF REHHER SHEENG FIFTY YUAN 50 PRINTED BY YUNG PEI HUAN |
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The Bank of Rehher Sheeng — a romanization of 熱河省銀行, the Provincial Bank of Rehe — operated in Jehol Province, the contested Manchurian territory that had been under Japanese occupation since 1933. By 1946, Rehe was caught between Nationalist and Communist forces in the opening phase of the civil war, and provincial banking infrastructure was improvised at best. Notes from this issuer circulated in a region where monetary authority changed hands rapidly and repeatedly.
The printer Yung Pei Huan is obscure even by the standards of wartime Chinese provincial printing — documentation on the firm is sparse, and output quality across the series is inconsistent.