Watch List notes:

New Caledonia: 100 Francs 1914 Noumea Banque de l'Indochine P. 17, used with strong folds, stain in paper, center hole, minor border tears, pinholes, one larger tear at right border along horizontal fold with traces of former (but now removed) old piece of tape, still nice colors, condition: F-.
[taxed under margin system]