Watch List notes:

Montenegro: Military Government District Command set with 9 banknotes of the 1914 (1916) handstamped - "Width of CETINJE 11 mm" issue, comprising 2x 10 Perpera P.M2 (F/F+), 50 Perpera P.M4 (F/F+), 1 Perper P.M6 (VF), 2 Perpera P.M7 (VF-), 2x 10 Perpera P.M9 (F+, VF), 50 Perpera P.M11 (VF) and 100 Perpera P.M12 (F+). (9 pcs.)
[taxed under margin system]