Face:

woman selling cakes; denomination;

Text:

BANQUE DE L'INDOCHINE = Bank of Indochina;
PAPEETE;
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 forced labour those who counterfeits or falsifies the bills of the banks authorized by the Law;
100 FRANCS;
TAHITI;
L'INSPECTEUR GÉNÉRAL = Inspector General;
LE DIRECTEUR DE LA SUCCURSALE DE SAIGON = Director of Branch
[signature: Émile Dufour];

Back:

frieze from Angkor Wat; unfinished denomination;

Text:

東方滙理銀行 = Bank of Indochina;
ĐỒNG VÀNG = ... piastres gold;
元 = ຫຼຽນ = រៀល = ... piastres;

No watermark