Watch List notes:

New Caledonia: very rare condition 100 Francs 1914 P. 17 Noumea Banque de l'Indochine P. 17, 3 vertical and one horizontal fold, minor pinholes at lower right, minor paper thinning at upper center, strong paper with crispness, no tears, no repairs, original colors, condition: VF.
[taxed under margin system]