Watch List notes:

(x) Japanese Military Government, 1945 ND Hong Kong issues, a group of 100 Yen notes, red-brown on green underprint, overprint four Japanese characters at centre, Arabic numerals upper left and lower right and circular stamp lower left, reverse light red,, (Pick M30), Conditions averaging around Very Fine, numerals #1, 2, 3, 4, 5, 8, 9, 10, 15, 16, 17, 18. (80).

Estimate: £60 - £80