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10 Escudos

Issuer Banco Nacional Ultramarino
Year 1935
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Currency Escudo (1914-1974)
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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.
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Reverse description Brown on light underprint. A central circular vignette within an ornate guilloche border carries the bank name in an arc; within the medallion, a seated allegorical female figure is set against a maritime background with sailing ships. The denomination numeral '10' appears in large format at both the left and right margins.
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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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