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10 Escudos

Issuer Banco Nacional Ultramarino
Year 1935
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Size 160 × 105 mm
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Obverse description Brown on multicolour underprint. Portrait of Francisco de Oliveira Chamiço appears at left, the Portuguese Coat of Arms at lower centre, and the bank seal at right. Two overprinted inscriptions reading 'S. TOMÉ e PRÍNCIPE' in red are applied, with the decree number printed in accordance with the P#22 design lineage.
Obverse lettering BANCO NACIONAL ULTRAMARINO DECRETO No. 17.154 PROVINCIA DE S. TOMÉ e PRÍNCIPE DEZ ESCUDOS PAGAVEL NAS DEPENDENCIAS DA PROVINCIA DE S. TOMÉ e PRÍNCIPE LISBOA, 26 de Junho de 1935. BRADBURY, WILKINSON & Co. Ld. GRAVADORES, LONDRES
(Translation: National Bank Overseas Decree no. 17,154 Province of St. Thomas and Prince Ten Escudos Payable at the premises of the Province of St. Thomas and Prince Lisbon, June 26, 1935. Bradbury, Wilkinson & Co. Ltd. Engravers, London)
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Comments

Banco Nacional Ultramarino issued this note for Timor, one of its more remote colonial territories — a detail that matters because BNU served as the currency-issuing authority across multiple Portuguese overseas possessions simultaneously, with each territory receiving distinct note series. By the mid-1930s, Timor's economy was built almost entirely around coffee and sandalwood export, and the monetized sector was thin enough that notes of this denomination circulated alongside barter for years.

Bradbury Wilkinson's intaglio printing is characteristically fine for the period. The firm held BNU contracts across several series throughout the colonial era.

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