Watch List notes:

Foreign Banknotes and Cheques, Panama, Agency of the Colonial Bank, uncut proof sheet of First, Second and Third Bills of Exchange, Panama, 188-, pencilled notation at bottom 'To this 7th.Dec/81', black and white, printed by Perkins, Bacon and Petch, London, some mounting adhesive on back, otherwise good extremely fine (3)
Estimate: (80-120 GBP)