Farmers Bank of China, a set of watermarked paper for the 1934-36 issue, comprising 50 Cents, 1, 5 and 10 Yuan, first with no watermark, just coloured fibres, other with cows head watermark and coloured fibres, glued into individual blue card frames, ink annotations on paper, very rare (4 papers)
BNB B3806, B3809-B3811, Pick 457-460 £300-£400

These papers come directly from the Portals Paper archive