Obverse
Portrait of Ferdinand Magellan, Red Seal of the Philippine National Bank, "Philippine National Bank Circulating Note" The Philippine National Bank will pay the bearer on demand One Hundred Pesos in lawful currency of the Philippine Islands" "Series of " "Issued under the provisions of Act 2612 of the Philippine Legislature as amended by Act 2747" "Manila P.I "
Reverse
"One Hundred Pesos" "Philippine National Bank Circulating Note" "This note is receivable by the Philippine Government in payment of all taxes, dues or other claims due or owing to said Government and is exempt from all taxes."
Remarks
All were printed in uncut sheet of 5 and were demonetized after pursuant to Republic Act No. 211, Republic Act No. 734, Republic Act No. 831, Executive Order No. 188, Executive Order No. 202 and Executive Order No. 211