Bank of Reunion. No date (1946). First issue in 1964. Banknote identical to Pick #46 except the name of the issuer that changes: "Issuing Institute of Overseas Territories". Work of Clément Serveau. Dimensions: 180 x 96 mm. Watermerk with a woman's head wearing a phrygian cap. Front and back: multicolored printing. Front: The word "DEPARTEMENT DE LA REUNION" repeated twice in the margin, "REPUBLIQUE FRANCAISE", the wording and the value "500" in letters and in figures are printed in brown. Numbering and signatures are printed in black. On the right, a Martinican woman and a Guadeloupian woman pose in front of the port of Point-à-Pitre. Two signatures: The Chief Executive Officer: A. Postel-Vinay and the Chairman of the Supervisory Board: P. Calvet. Back: Ox carts carrying sugar cane. At the bottom, article 139 of the Penal Code is printed in a yellow cartridge. The word "DEPARTEMENT DE LA REUNION" is repeated twice in the margin. Specimen of the issued note signed and numbered O.000 - 00000 with "SPECIMEN" perforated vertically. In the upper left corner, a "SPECIMEN" overprinted and a specimen number in black. Few notes seen: C.1-10163, F.1-22881. The photo note also illustrates the Dr. Kolsky's book: "The D.O.M-T.O.M Banknotes", published in 2006, 280 pages.