Face: woman head in helmet; denomination; 
<p>Text: BANQUE DE L'INDO-CHINE = Bank of Indochina; 
UNE PIASTRE = One piastre; 
PAYABLES EN ESPÈCES AU PORTEUR = Payable to bearer in cash; 
UN ADMINISTRATEUR = Administrator 
[signature: Albert de Monplanet (on <a rel="nofollow" class="external text" href="http://art-hanoi.com/collection/icpaper/p48.html#p48a">P-48a</a>) or Stanislas Simon (on <a rel="nofollow" class="external text" href="http://art-hanoi.com/collection/icpaper/p48.html#p48b">P-48b</a>)]; 
LE DIRECTEUR = Director 
[signature: René Thion de la Chaume]; 
L'ARTICLE 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCÉS CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS DE BANQUES AUTORISÉES PAR LA LOI 
= Article 139 of Penal Code punishes with the forced labour those who counterfeits or falsifies the bills of the banks authorized by the Law; 
CH. WALHAIN. FEC. [designer: Charles Albert Walhain]; E. DELOCHE. SC. [engraver: Emile Deloche]; 
Back: denomination; 
Text: BANQUE DE L'INDO-CHINE = Bank of Indochina; 
GIẤY BẠC MỘT ĐỒNG = Banknote (silver paper) one piastre; 
១ រៀល = 1 piastre; 
銀壹元 = Silver 1 piastre; 
Watermark: Vietnamese male head 
P-48a 1 Piastre 1921-1926
</p><p>P-48b 1 Piastre 1927-1931
</p><p>P-48s 1 Piastre 1921-1926 SPECIMEN
</p>
perforation ANNULÉ = Canceled .
Banque de l'Indo-Chine
<a rel="nofollow" class="external text" href="http://art-hanoi.com/collection/icpaper/p48.html">French Indochina 1 Piastres 1921-1931</a> (Art-Hanoi).