Watch List notes:

New Caledonia: 100 Francs 1914 Noumea Banque de l'Indochine P. 17, with block letter X, rare because only this single note is known to exist with this X block, used with folds and pinholes, two minor border tears, small holes in paper, no repairs, original as taken from circulation, still stongness in paper and nice colors, condition: F.
[taxed under margin system]