Watch List notes:

(x) Hong Kong & Shanghai Banking Corporation, $50, 1 October 1927, serial number B037787, green on multicolour underprint, female allegory standing on winged wheel at left, arms at top centre, reverse green, bank building at centre(Pick 175a), in PMG holder 20 NET, very fine, restoration, presentable enough and a very rare date in anything but the poorest grades.

Estimate: £600.00 - £800.00