5 Dollars / 5 Piastres - Haïphong

The Banque de l'Indo-Chine was chartered by the French state in 1875 primarily to finance colonial trade, not to serve a broad public — and this Haïphong-payable note reflects that purpose directly. Haïphong was the principal port of Tonkin and the commercial throat of northern Indochina; a note denominated there was a trading instrument, not pocket money.

Bramtot and Duval were both staff artists at the Imprimerie nationale in Paris, and Wullschleger's engraving work for the series is among the finer intaglio production the colonial note world saw at the turn of the century. The Haïphong place-of-payment designation was printed into the plate itself, making these notes non-interchangeable with the concurrent Saigon issues of the same denomination.