Watch List notes:

Hyderabad State, 1939, 5 Rupees, Signed by Ghulam Muhammad, 2nd Issue, PI Prefix, S. No. PI 249847, "Currency Note Sarkar-e-Aali" and promise text in three lines "PAANCH RUPYE SICCA OSMANIA", Siyaq in the center on the reverse, all in Urdu, (KJ & RR # 7.6.3), holes, folds, rust, stains, tears, about very fine.