Watch List notes:

British India, 1948, King George VI, 5 Rupees, Signed by C.D. Deshmukh, Pakistan Overprint, B Prefix, S. No. B65 078734, "GOVERNMENT OF PAKISTAN and HUKUMAT-E-PAKISTAN" in urdu on water mark, (KJ & RR # 5.19.1), folds, stained, pin holes, about very fine.