Watch List notes:

Mercantile Bank of India Limited, $5, Hong Kong, 29 November 1941, serial number 198100, green, pale orange and red, pagodas on island top centre, two printed signatures below, value at centre and at each corner, reverse red, head of Mercury at centre with bank title, value at left and right and serial number low left and right, (Pick 235d, Ma M3) top left corner excised, fine and scarce.

Estimate: £300 - £400