No VAT will be charged on the hammer price, but VA… Read more
Banque de Madagascar, 10-Francs, ND (c.1940), blue, maiden at right (P.36), 20-Francs, ND (c.1937), yellow (P.37), 50-Francs, ND (c.1937), maidens (P.38), 100-Francs (2), ND (c.1937), man, woman and child (P.40), generally very fine, scarce (5)

Details
Banque de Madagascar, 10-Francs, ND (c.1940), blue, maiden at right (P.36), 20-Francs, ND (c.1937), yellow (P.37), 50-Francs, ND (c.1937), maidens (P.38), 100-Francs (2), ND (c.1937), man, woman and child (P.40), generally very fine, scarce (5)
Special notice
No VAT will be charged on the hammer price, but VAT at 17.5% will be added to the buyer's premium which is invoiced on a VAT inclusive basis.