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| 正面描述 | Vertical format printed in green and dark olive-green. A central scalloped cartouche carries the large denomination characters 伍拾圓 (50 Yuan). The issuer inscription 陕甘宁边区贸易商业公司流通券 appears above the cartouche in two lines, with the serial number printed twice in red — once at the top and once at the bottom of the note. Corner medallions bear the denomination characters 伍拾, and two red seal impressions appear at the lower centre. The date 中華民國三十三年 (Republic of China Year 33, i.e. 1944) is printed at the foot. |
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| 背面铭文 | 此券业经陕甘宁边区政府批准发行并布告全边区 境内所有规定税文易遵债等一律通用 陕甘宁边区贸易公司 |
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The Shaanxi-Gansu-Ningxia Border Region was the Communist Party's administrative heartland during the Sino-Japanese War, centered on Yan'an. Trade Company notes like this one functioned as a parallel commercial currency within that territory — distinct from the Border Region Bank's main emission — and were issued specifically to facilitate state-controlled trade operations rather than general circulation. The distinction mattered: these notes carried the authority of a specific trading entity, not the regional government itself.
1944 was a year of relative economic stabilization in the Border Region after years of Nationalist economic blockade and severe commodity shortages. Whether that stability reached the paper is another question — surviving examples frequently show heavy fold wear consistent with active use in rural market exchange.