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4 Cents Honquan plantations
| Issuer | Société des Plantations de Honquan |
|---|---|
| Year | 1920 |
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| Composition | Paper (pink) |
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| Obverse description | Black letterpress text on a yellow underprint, with a large pale violet guilloche underprint of the denomination numerals at centre. Decorative border frames the note. An administrator's manuscript signature appears in the lower portion. |
|---|---|
| Obverse lettering | Sté des Plantations de Honquan-Cochinchine Ticket pour un achat de 0 $ 04 cents a l'Economat de la Société Un Administrateur SAIGON, IMP. C. ARDIN & FILS. (Translation: Plantation Company of Honquan, Cochinchina. Ticket for a purchase of 4 cents at the company storehouse. An Administrator. Saigon, Imp. C. Ardin & Sons.) |
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| Comments |
Société des Plantations de Honquan was among the French-owned rubber plantation enterprises that issued their own fractional scrip in Cochinchina during the early 1920s — a direct response to the chronic shortage of small-denomination coin across rural Indochina. The Banque de l'Indochine's currency didn't reach plantation workers in useful fractional units, so plantation managers printed their own, redeemable only at the company store. It was a closed monetary loop by design.
Imprimerie C. Ardin & Fils in Saigon handled a number of these private scrip commissions. The pink paper stock on this 4-cent denomination likely served as a visual differentiator from other values in the same series.