25 Dollars

The Chartered Mercantile Bank of India, London and China was one of the major exchange banks operating under Royal Charter in the Eastern trade, competing directly with the Hongkong and Shanghai Banking Corporation and the Oriental Bank Corporation — the latter's collapse in 1884 would ultimately reshape the entire field. Perkins, Bacon & Co. had long supplied security printing to colonial banking operations, their work characterized by intricately engraved lathe-work borders that were technically difficult to counterfeit in the treaty port environment where these notes circulated.

Hong Kong dollar-denominated notes from this bank in 1883 are genuinely rare survivors. The bank itself was absorbed into the Mercantile Bank of India in 1893.