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This is an interesting note. Here's what it says:

 
 

"Seri'l No. 75744 Circulating Note
Salcedo [S?MER], Dec. 8, 1942
The Municipal Government of Salcedo will pay this
bearer on demand twenty centavos
which have been deposited in this treasory
as directed by H.V.S.O. US [?]

   
 
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