BY AUTHORITY OF AN ACT OF THE
PHILIPPINE LEGISTATURE APPROVED BY THE PRESIDENT OF THE UNITED
STATES JUNE 13, 192
THIS CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE TREASURY OF
THE
PHILIPPINE ISLANDS
500 PESOS
PAYABLE TO THE BEARER ON DEMAND
IN SILVER PESOS OR IN GOLD COIN
OF THE UNITED STATES
OF EQUIVALENT VALUE
FIVE HUNDRED PESOS
TREASURY CERTIFICATE