Government of Siam, watermarked paper as used on 10 Baht notes from 1934 until 1937, also two blank papers for Siamese Loans, all glued into individual cream paper frames, annotations on paper and frames, as produced, rare (3 papers)
BNB B236, B242, Pick 24, 28 £100-£150

These items are directly from the Portals Paper Archive