Watch List notes:

(x) Government of India, 50 rupees, Madras, ND (1940), serial number V/1 735572, lilac and pale green, crowned head of George V at right, Taylor signature, reverse(Pick 9g, Razack-Jhunjhunwalla 3.9.2F), in PMG holder 40 Extremely Fine, spindle hole at left as normal. Much better grade than is usual for this rare type note.

Estimate: £9,000 - £12,000