10 Francs

Waterlow & Sons printed this note at a time when their security printing operation was still rebuilding its commercial reputation following the Artur Virgílio Alves Reis Portuguese banknote scandal of 1925, in which forged Banco de Portugal notes had been produced using a genuine Waterlow contract. The Banque du Congo Belge continued to use them regardless — Waterlow remained technically capable despite the reputational damage.

André Hallet was a Belgian painter who spent years in the Congo and is better known for his ethnographic canvases than for banknote design work. His involvement here is unusual. The engraving was executed by Endre Horváth, a Hungarian-born engraver who worked extensively for Waterlow during this period.