Watch List notes:

Banco Nacional Ultramarino, ten rupias, 1 January 1906, nos. 16501 – 24500, black, pink and multicolour, maiden on hippocamp at centre, above steamship seal type 1, signatures of Eduardo Pinta da Silva Cunha and Balthazar Freire Cabral (Pick 16as; Jhunjhunwalla-Razack 12.6.4), with counterfoil, numbers and date top margin, perforated CANCELLED
£2000-2500