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| 正面描述 | 登录 以查看详情 |
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| 正面铭文 | ASSOCIAÇÃO COMERCIAL LEIRIA 1 O PRESIDENTE O TESOUREIRO |
| 背面描述 | The reverse, printed in a lighter rose-red on cream paper, is the mirror impression of the obverse design showing through from the recto, with the circular association vignette at right and the numeral '1' panel at centre, along with the Leiria cityscape silhouette across the lower portion. A circular wet-stamp impression is visible at left, partially overlapping the serial-number field. |
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Associação Comercial de Leiria was one of dozens of Portuguese commercial associations that stepped in to produce emergency cédulas during the acute small-change shortage of 1917–1920, when wartime metal demands stripped circulation of copper and bronze coin. These local chamber-issued notes were technically private instruments, redeemable against the association's own funds rather than the state — a legally ambiguous arrangement the government tolerated out of necessity.
Leiria's commercial community was modest in scale, and cédulas from smaller provincial issuers like this one typically circulated briefly and intensely before wearing to destruction. The survival rate for issued examples in any condition is correspondingly low.