1 Gulden Treasury Note

The Netherlands East Indies government issued this note directly through the treasury rather than through the Javasche Bank, the colonial central bank. That distinction mattered: treasury notes of this denomination were intended to fill a practical gap in small-denomination circulation that the Javasche Bank's charter did not comfortably accommodate. De Bussy was a well-established Amsterdam commercial printer rather than a specialist security printer, which is reflected in the relatively modest production values of the series.

The 1920 date places this note in the immediate postwar adjustment period, when colonial commodity revenues — particularly from sugar and rubber — were still inflated, creating unusual demand for small-denomination paper in everyday market transactions across Java.