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100 Rupias
| Issuer | Banco Nacional Ultramarino |
|---|---|
| Year | 1938 |
| Type | Standard circulation banknote |
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| Obverse description | Purple and brown bicolour note with a central vignette of an elephant, flanked by text panels in Portuguese on both sides; a steamship vignette appears at lower left and the Portuguese coat of arms at lower centre. The date is printed at upper left, with boxed serial numbers at upper right and lower left. A signature panel runs along the lower portion of the note. |
|---|---|
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| Reverse description | Printed in purple intaglio on a fine guilloche underprint, the reverse is dominated by a central vignette of a Portuguese caravel under full sail, set within an ornate cartouche. Denomination numerals "100" appear in large counters at left and right, framed by intricate lathe-work scrollwork. The issuing bank's name is lettered in two lines above and below the central vignette, with the printer's imprint visible at the bottom margin. |
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| Comments |
Banco Nacional Ultramarino's Goa issues occupied a peculiar administrative space — the bank held a note-issuing concession for Portuguese India separate from its African territories, and the rupee-denominated series sat entirely outside the escudo framework used elsewhere in the Portuguese colonial system. The 1938 date places this note in the period when BNU was consolidating its position in the Estado da India under Salazar's Estado Novo reorganization of colonial finance.
Thomas De La Rue's involvement is consistent with BNU's practice for higher denominations, where security printing standards mattered more than cost. The unlisted Pick reference suggests surviving documentation on this specific issue remains incomplete in the major catalogs.