Watch List notes:

Macau - Portuguese Administration - Chan Tung Cheng Bank Ten Dollars 1934 issue, Obverse: Black on pink underprint, Reverse: Red: Government building in the centre, watermark The Hong Kong Printing Press, Pick S92 A/UNC with some light staining, on the original perforated sheet, the outer sheet with the usual staple holes in the corners, an unusual issue and scarce thus (catalogues at $1350 in the Specialised Pick catalogue)

Estimate: 150-250 GBP