page_title: Waterlow and Sons
section_title: Portuguese banknote crisis
hierarchical_section_title: Waterlow and Sons / Portuguese banknote crisis
caption_attribution_description: English: Portuguese 500 escudos banknote, 1922. One of the banknotes fraudulently issued by Alves dos Reis in 1925. Português: Nota de 500 escudos portugueses, 1922. Uma das notas fraudulentas de Alves dos Reis, impressas em 1925.
context_page_description: Waterlow and Sons Limited was a major worldwide engraver of currency, postage stamps, stocks and bond certificates based in London, Watford and Dunstable in England. The company was founded as a family business in 1810. It was acquired in 1961 by De La Rue.
context_section_description: Waterlow's was involved in the Portuguese Bank Note Crisis of 1925. The Banco de Portugal sued Waterlow & Sons in the High Court in London because of counterfeiting. In one of the most complex trials in legal history, the case was finally settled in favour of the Bank in 1932.
caption: The fraudulent 500 Portuguese escudos banknote, involved in the Portuguese Bank Note Crisis.
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