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50 Escudos

Issuer Banco Nacional Ultramarino
Year 1921
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Value 50 Escudos
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Obverse lettering BANCO NACIONAL ULTRAMARINO PROVINCIA DE S. TOMÉ e PRÍNCIPE CINCOENTA ESCUDOS PAGAVEL NAS DEPENDENCIAS DA PROVINCIA DE S. TOMÉ e PRÍNCIPE LISBOA, 1 de Janeiro de 1921. BRADBURY, WILKINSON & Co. Ld. GRAVADORES, LONDRES
(Translation: National Overseas Bank Province of St. Thomas and Prince Fifty Escudos Payable at the offices of the Province of St. Thomas and Prince Lisbon, 1 January 1921. Bradbury, Wilkinson & Co. Ltd. Engravers, London)
Reverse description Printed predominantly in red. A central vignette depicts a female allegorical figure with sailing vessels in the background. A 'S. TOMÉ e PRÍNCIPE' overprint appears in green.
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Comments

Bradbury, Wilkinson printed this note for Banco Nacional Ultramarino, the state-backed colonial bank that held monopoly rights over currency issuance across Portugal's overseas territories. The 1921 date places it amid a chaotic period for Portuguese colonial finance — metropolitan Portugal had been struggling with wartime inflation and fiscal instability since the early 1910s, and the escudo itself had only replaced the old milréis system in 1911, meaning the currency framework was barely a decade old when this note was struck in London.

The BNU's reliance on Bradbury, Wilkinson throughout this period was consistent across multiple colonial territories, with plates sometimes shared or adapted between issues.

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