Watch List notes:

Hyderabad, Government Issue, 100 rupees, FE 1331-39 (1920), serial number PX 77189, blue on pale lilac, no signature, arms top left and right, reverse blue print, guilloche pattern, value at centre and each corner, signature Hyder Nawaz Jung
(Pick S266e, Razack-Jhunjhunwalla 7.10.3), spindle holes at issue, splits and split at centre, pencil annotations on reverse, otherwise paper is very fine