(t) HONG KONG (SAR). Chartered Bank of India (Hong Kong). 5 Dollars, ND (1934-48). P-Unlisted. Watermarked Paper. PMG Encapsulated.
A piece of watermarked paper for the Hong Kong Chartered Bank 5 Dollars showing the profile of a young man at right. The paper was supplied by Portals to Waterlow and Sons for printing at the time. Suitable for the scholar or collector interested in how banknotes are designed and produced. Exceedingly rare.

1934-48年印度新金山中國渣打銀行伍圓。帶水印紙鈔。
香港渣打銀行伍圓水印紙，右側可見一青年男性側面肖像。此水印紙由Portals造紙廠供應予Waterlow and Sons印鈔公司印製鈔票之用。極其珍罕，是研究及收藏紙幣設計與印製過程的學者和藏家不可多得的珍品。 (t) On September 1, 2019, the United States enacted new tariffs on collector's items of Chinese origin, including bullion and numismatic coins and banknotes. This lot was manufactured in China and was sourced from outside the United States for this auction after the tariffs were enacted. Accordingly, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff plus a processing fee of 0.3464% (minimum $31.67 / maximum $614.35). Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs or fees. Please consult your tax adviser with any questions. Furthermore, any lots subject to an import tariff will be shipped directly from our Hong Kong offices and shipments to the United States will be subject to our international shipping chart.

Estimate: $700.00 - $1000.00