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100 Escudos

Issuer Banco Nacional Ultramarino
Year 1921
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Reference(s) P#25
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Reverse description Violet intaglio print. Central vignette of a female allegorical figure with sailing ships in the background. Overprinted 'S. TOMÉ e PRÍNCIPE' inscription in red.
Reverse lettering PAGAVEL NAS DEPENDENCIAS DA PROVINCIA DE S. TOMÉ E PRINCIPE BANCO NACIONAL ULTRAMARINO Bradbury, Wilkinson & Co. Ld. Gravadores, Londres
(Translation: Payable at the branches of the Province of St. Thomas and Prince National Overseas Bank Bradbury, Wilkinson & Co. Ltd. Engravers, London)
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Comments

Banco Nacional Ultramarino occupied a peculiar constitutional position — it was a private institution holding the exclusive right to issue currency across Portuguese overseas territories, a concession renewed repeatedly by Lisbon despite chronic controversy over its colonial banking monopoly. This 1921 note was issued for Mozambique, where BNU's relationship with the colonial administration was often tense, particularly around exchange rates between the local escudo and the metropolitan currency.

Bradbury, Wilkinson produced the plates to their usual exacting standard. The firm handled sensitive security printing for numerous colonial and dominion issuers during this period, and their intaglio work on BNU issues is generally among the more technically accomplished of the series.

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