Watch List notes:

Belgium: Banque Nationale de Belgique, huge lot with 13 banknotes, 1929-1947 series, comprising 50 Francs 1929 (P.101, VF), 100 Francs 1929 (P.102, VF+/XF), 500 Francs 1934 (P.103, F/F+), 1.000 Francs 1939 (P.104, F/F+, minor margin split), 50 Francs 1947 (P.106, UNC), 100 Francs 1938 (P.107, XF), 5 Francs 1938 (P.108, F/F-), 500 Francs 1939 (P.109, VF, some stains), 1.000 Francs 1943 (P.110, XF, tiny spots), 20 Francs 1944 (P.111, F, larger cut left border), 100 Francs 1943 (P.112, UNC), 100 Francs 1944 (P.114, F/F-) and 20 Francs 1948 (P.116, XF+/aUNC). Very nice lot! (13 pcs.)
[taxed under margin system]