"Emprunt National du Trésor Français / Rentes 5% amortissables exemptes d'impôt émission au pair remboursement avec prime 100 frs versés seront remboursés à 150 frs par tirages au sort semestriels / Souscription ouverte dans tous les établissements de la Banque de France jusqu'au 20 mars 1920" English Translation: "French National Treasury Loan / 5% amortizable annuities tax-exempt, issued at par, reimbursed with a premium of 100 francs / Paid will be reimbursed at 150 francs by semi-annual drawings / Subscription open at all Banque de France establishments until March 20, 1920" French government loan, the Emprunt National du Trésor Français, a financial effort to raise funds in the period immediately following World War I, designed to encourage the public to invest in bonds. Artist: Albert Sébille Printer: Draeger Condition: Good - fold lines and minor foxing along the border Material: Paper Please note that all sizes are approximate.