500 Escudos

Bradbury, Wilkinson printed this note for Banco Nacional Ultramarino, the Lisbon-based colonial bank that held note-issuing rights across Portugal's overseas territories. The specific territory this note was intended for matters: BNU operated parallel series for Mozambique, Angola, Cape Verde, Portuguese India, and others, each with distinct overprints or engraving variants, and P#35B falls within the Mozambique series.

By 1947, Mozambique's wartime economic disruption had eased, but inflationary pressure on the escudo kept high-denomination notes in active commercial use rather than in savings. The 500 escudo value was substantial enough that these notes passed through relatively few hands — which works in favor of survivors today.