Watch List notes:

(x) Banque de Syrie et du Liban, Lebanon, 5 livres, 1939, serial numbers K/BL 006279, black and multicoloured, Cedar tree at right, value at left, horse top left and right, Berard and Laferiere signatures, blue lozenge across face of note, LIBAN in top margin reverse purple-brown and green, a view of Beirut harbour at centre, value at left and right, (Pick 27d, Ayoub p.93), minor repairs, in PMG holder 30 Very Fine.

Estimate: £500 - £600