Bank of Reunion. No date (1946). First issue in 1960. Banknote identical to Pick #45 except the name of the issuer that changes: "Issuing Institute of Overseas Territories". Work of William Fel. Dimensions: 164 x 88 mm. Watermark with a woman's head wearing a Phrygian cap. 1,548,805 issued notes. Front and back: multicolored printing. Front: The word "REUNION" repeated twice in the margin, the wording and the value "100" in letters and numbers are printed in brown. The numbering and the signature are printed in black. On the left, portrait of La Bourdonnais, french navigator of the eighteenth century and on the right two women in traditional costume. Two signatures: The Chief Executive Officer: A. Postel-Vinay and the Chairman of the Supervisory Board: P. Calvet. Back: Female bust in profile wearing jewelry in front of a mountainous landscape of Martinique. The word "REUNION" is repeated twice in the margin. On the left, article 139 of the Penal Code is printed in a red cartridge. Specimen of the issued note signed and numbered O.0 - 00000 with "SPECIMEN" perforated vertically. In the upper left corner, a "SPECIMEN" overprinted and a specimen number. Number range of issued notes: A.1-000.001 to Q.1-1.568.000. The banknote is rare, some copies seen: A.1-90484, B.1-70720, C.1-16748, D.1-04632, D.1-36886, D.1-52232, D.1-53720 , D.1-65548, E.1-22114, H.1-14803, H.1-94262, J.1-10489, J.1-13574, O.1-36985, O.1-41083, P, .1-15110, P.1-74376, Q.1-06894. In October 1985, there were still 87,160 banknotes in circulation!