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[[Obverse Text]]
壹 / 壹 / ZP519268 / 中南銀行 / 中華民國二十年印 / ZP519268 / 壹 / 壹 / 上海 / 內有水印 / 請勿塗寫 / 壹圓 / 上海 / 壹 / 壹 / COUNTERSIGNED / 政府特許發行 / 憑票即付中華民國國幣壹圓正 / MANAGING DIRECTOR / 壹 / 壹 / 倫敦華德路公司印

[[Translation]]
one / one / ZP519268 / The China & South Sea Bank Limited / printed in year twenty of the Republic of China / ZP519268 / one / one / Shanghai / watermark contained within / please do not write on the bank note / one yuan / Shanghai / one / one / COUNTERSIGNED / issued by special permission by the Chinese government / use this note to pay national currency one yuan / MANAGING DIRECTOR / one / one / printed by Waterlow & Sons Limited London

[[Reverse Text]]
1 / THE CHINA & SOUTH SEA BANK LIMITED / PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE / 1 / 1 / ZP519268 / ONE YUAN / OF THE NATIONAL COINAGE OF / THE REPUBLIC OF CHINA / ISSUED BY SPECIAL PERMISSION OF THE CHINESE GOVERNMENT / ZP519268 / 1 / SHANGHAI / JANUARY 1951 / 1 / WATERLOW & SONS LIMITED LONDON / 74.17.688

Transcription Notes:
[[Obverse Image]] 日晷 Sundial