Watch List notes:

New Hebrides: Institut d'Émission d'Outre-Mer – Nouvelles-Hébrides, very nice lot with 5 banknotes ND(1970-80) series, including 100 Francs (P.18d, F+/VF), 500 Francs (P.19c, UNC with RB-Grading), 2x 1.000 Francs (P.20b,c, UNC, P.20c with RB-Grading) plus Banque de l'Indochine – Nouméa 20 Francs ND(1951-63) (P.50c, F-). (5 pcs.)
[taxed under margin system]