Negros Occidental Provincial Currency Committee
This Committee was created by President Quezon and was composed of Provincial Treasurer Nicolas Encarnacion as Chairman, with Acting Provincial Auditor Ceferino ramos and Provincial Fiscal Francisco Arellano as Members.
No specific amount was stated, the authorization being for sufficient currency to pay salaries of employees and government laborers. In the latter part of February 1942 when President Quezon visited Bacolod, the total amount to be issued was set at 6,448,771 pesos.
The currency printed by the Committee was turned over to the Provincial Treasurer for distribution. Printing was by Nalco Press on white paper. A total of 4,825,350 pesos was delivered prior to the arrival of Japanese occupation forces. All but 150,000 pesos had been placed in circulation. The unissued notes remained in the Philippine National Bank vault until liberation when they were destroyed when the bank building was burned in March 1945.
Just prior to the Japanese arrival, three sacks of currency were taken from Nalco Press by Treasurer Encarnacion when he evacuated to the mountains. The currency amounted to 86,250 pesos in 5 Pesos notes serially numbered 341,851 to 359,100.
In July 1942 Encarnacion surrendered to the Japanese, turning over to them 26,250 pesos of the 5 Pesos notes. These were incinerated on Japanese orders. What happened to the other 60,000 pesos was never explained.
Negros Occidental Currency Committee – Philippine National Bank
This Currency Committee was created by President Quezon and composed of Jose V. Buenaventura, Manager of the Bacolod branch of the Philippine National Bank, as Chairman, with Acting Provincial Auditor Ceferino Ramos and Provincial Fiscal Francisco Arellano as Members.
Two issues of Emergency currency printed by this Committee were turned over to the Philippine National Bank for distribution.
First Issue: The telegram creating this Committee authorized 100,000 pesos to be printed in denominations of 1, 5 and 10 pesos. In a telegram sent the next day, President Quezon increased the authorization to 500,000 pesos. Of the authorized amount, 475,000 pesos were issued. 25,000 pesos in 5 Pesos notes (serial# 35,001 – 40,000) were never printed.
Second Issue: Acting on a petition of the Committee, President Quezon authorized an additional 1,000,000 pesos. The next day he visited Bacolod, met with the Committee and increased the amount to 7,000,000 pesos. Two days later he authorized a total of 14,500,000 pesos in emergency currency to be printed for Negros Occidental. As this included 6,448,771 pesos allocated to the Negros Occidental Provincial Currency Committee, the final authorization amounted to 8,051,229 pesos.
Of the authorized amount, 1,425,000 had been printed. There were 19,456.30 pesos in unissued currency remaining in the vault when Bacolod was occupied by Japanese forces.
1941 FIRST EMERGENCY CIRCULATING NOTE ISSUE
Printed by Filma Press on white bond paper, some of which has commercial watermark. Some 5 Pesos notes have HAMMERMILL BOND watermark. and some 10 Pesos notes have watermark: LANCASTER BOND. Notes were hand-signed until signature cuts could be delivered from Cebu City.
1941 SECOND EMERGENCY CIRCULATING NOTE ISSUE
Printed by Filma Press. Most 10 Pesos are printed on bias paper and some were printed on white bond paper.
Municipal notes:
- <em>There are no known municipal issues by this province.</em>
