Watch List notes:

Chartered Bank of India, Australia & China, colour trial $5, Tientsin, 12 June 1930, no serial numbers, brown (issued note in red), Minerva at left, arms at centre, reverse, junks on river,, (Pick S215, TBB B6268at), in PMG holder 64 Choice Uncirculated, scarce and attractive.

Estimate: £3500 - £4500