Watch List notes:

MADAGASCAR, Colonial. French. Third Republic. 1897-1940. Cardboard 2 Francs – Venty sy Kirobo (40x25mm). Emergency issue. Issued December 1916-December 1919. Zebu standing right. Pasted on a 25 centimes stamp and varnished as made. Chauvicourt 19; MCF 24b; Pick 33. Good VF. Some loss of varnish.

From an English private collection of coins and medals relating to Madagascar, formed from the 1960s to the present.