Face: denomination; 
<p>Text: Gouvernement Général de l'Indochine = General Government of Indochina; 
PAYABLES AU PORTEUR EN INDOCHINE EN ESPÈCES = Payable to bearer in Indochina in cash; 
G. BARRIERE [artist: Georges Barrière]; IDEO. HANOI [printer]; 
Back: Vietnamese woman; denomination; 
Text: ៥០ សេន = 五毛 = NĂM MƯƠI XU = ໕໐ ອັດ (except <a rel="nofollow" class="external text" href="http://art-hanoi.com/collection/icpaper/p87.html#p87a">P-87a</a>) = 50 cents; 
No watermark 
All notes below were scanned on the same scanner with the same image settings to demonstrate the subtle difference of the color shades. 
P-87a 50 Cents 1939
Face: 
LE TRÉSORIER PAYEUR GÉNÉRAL = Chief Treasurer 
[signature: Emile Henry]; 
LE DIRECTEUR DES FINANCES = Director of Finance 
[signature: Yves Cazaux]; 
Back: no Lao text; 
L'ART 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCÉS CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS DE BANQUES AUTORISÉES PAR LA LOI 
= Art. 139 of Penal Code punishes with the life-term forced labour those who counterfeit or falsify the bills of the banks authorized by the Law 
</p><p>P-87c 50 Cents 1939
Face: 
LE TRÉSORIER GÉNÉRAL = Chief Treasurer 
[signature: Louis Mayet]; 
LE DIRECTEUR DES FINANCES = Director of Finance 
[signature: Yves Cazaux]; 
Back: 
L'ART 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCÉS A PERPÉTUITÉ CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS ÉMIS PAR LE TRÉSOR PUBLIC 
= Art. 139 of Penal Code punishes with the life-term forced labour those who counterfeit or falsify the bills issued by the Public Treasury 
</p><p>P-87d 50 Cents 1939, white paper
Face: 
LE TRÉSORIER GÉNÉRAL = Chief Treasurer 
[signature: Louis Mayet]; 
LE DIRECTEUR DES FINANCES = Director of Finance 
[signature: Jean Cousin]; 
Back: as above 
</p><p>P-87d 50 Cents 1939, brown paper
Face/Back: as above 
</p><p>P-87e 50 Cents 1939 "Coffee-Brown"(*), brown paper
(*) described as "Coffee-Brown &amp; Black" in the catalogs, but there is no "Black" on a closer look. 
Face/Back: as above 
</p><p>P-87e 50 Cents 1939 "Coffee-Brown", white paper
</p>
Face/Back: as above .
Gouvernement Général de l'Indochine
<a rel="nofollow" class="external text" href="http://art-hanoi.com/collection/icpaper/p87.html">French Indochina 50 Cents 1939</a> (Art-Hanoi).