Banknote Book & CPG® PRICE GUIDE
- World Currency /
- China Foreign Banks /
- National Commercial and Savings Bank
Catalog & market information for bank notes issued by National Commercial and Savings Bank
The National Commercial and Savings Bank (NCS), incorporated in Hong Kong, was founded in 1922 with its headquarters in Des Voeux Road, Central. The first chairman of the board was Cai Xing and the bank’s initial paid-up capital HK$2m. Growth was swift and branches opened in mainland China and Singapore. The National Commercial and Savings Bank was forced to suspend business in 1930 and, after a reorganization in 1936, went bankrupt in 1937. At one point, due to a shortage of notes in circulation, the bank authorized banknotes to be cut in half so they could circulate at one-half face value. Each half had to be signed by a bank official to be accepted. Many non-specimen “whole” notes found today are in reality two halves joined together, often evidenced by mismatched serial numbers.
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