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| 正面描述 | Green letterpress on white paper, enclosed within a rectangular border of fine rules. TOKEN NOTE is inscribed at the top centre, with the denomination P 5.00 in the upper left and upper right corners. The issuer's name THE MASBATE CONSOLIDATED MINING COMPANY is set in large block capitals across the centre, above the promise text WILL PAY TO THE BEARER THE SUM OF FIVE PESOS; the foot bears the legend AS AUTHORIZED BY THE PHILIPPINE GOVERNMENT, with SERIES A noted vertically along the right margin. |
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| 背面铭文 | P 5.00 THIS TOKEN NOTE AUTHORIZED BY ACT OF PHILIPPINE GOVERNMENT PAY MASTER OFFICE MANAGER GENERAL SUPERINTENDENT Series A |
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The Masbate Consolidated Mining Company operated gold mines on Masbate Island and, like several Philippine mining and agricultural enterprises, issued its own scrip during the Commonwealth period to manage payroll on remote worksites far from regular banking services. These notes circulated as wages among laborers at the mine and were redeemable at the company store — a closed economic loop common to extractive industries in the provincial Philippines.
Japanese forces occupied Masbate in early 1942, effectively terminating the company's operations and rendering this scrip worthless almost immediately after issue. Survival rates are low for exactly that reason.