Watch List notes:

Djibouti: Banque de l'Indo-Chine – Djibouti 5 Francs ND(1928-32), P.6b (F/F- with pinholes and toned paper) and Trésor Public - Côte Française des Somalis 50 Francs ND(1952), P.25 (F/F+ with stains and toned paper). (2 pcs.)
[taxed under margin system]