Watch List notes:

Algeria: Banque de l'Algérie, very nice lot with 6 banknotes, 1926-1945 series, comprising 5 Francs 1926 (P.77, VF+ with pinholes), 20 Francs 1928 (P.78, VF, taped tear and small repair upper margin), 50 Francs 1940 (P.84, VF+), 100 Francs 1942 (P.88, VF/VF+), 5 Francs 1942 (P.91, VF) and 20 Francs 1945 (P.92, VF+, lightly toned paper and minor spots). (6 pcs.)
[taxed under margin system]