First Replacements V & W
Sri Lanka : 1970 : Series 4
S. W. R. D. Bandaranaike Hand Raised

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Front Image	Value Rs	Date on Note	Prefix	Regular Issue K	Total Issue K	Lakdiva Note S#	Comment	No
	Rs.50	1970-10-26	W/1	6000	6000	95922		6
	Rs.50	1970-12-09	W/1	3000	9000	----	Prior Used ?
	Rs.100	1970-10-26	V/1	5000	5000	03021		2
	Rs.100	1970-12-09	V/1	1000	6000	----	Prior Used ?

Regular Issue K is the Number of regular Notes printed in Thousands
Total Issue K is the Cumulative Total Number of regular Notes of that denomination printed in Thousands
Lakdiva Note S# Serial of Note shown. Not from Lakdiava Collection ,if in Italics
Comments
No Number replacement notes reported with images and listed below.

Replacement Notes for Rs50 and Rs100 were issued with Prefix W/1 and V/1 rather than the D/ and E/ on the regular notes. The only relationship I can think of is the 4th and 5th Letters of Alphabet from Start for the regular issue and from the end for the replacement.

Dealer Selliah Jackson informs me that although he has seen a number of these notes in both denominations, all of them are of the First date. As this is statistically very unlikely, it could indicate that they used the remaining prior replacements from the first date, when replacements were needed at quality control of the second date.

Assuming a 0.3% damage rate that is similar to pre 2017 DeLaRue production, one would expect less than about 27,000 notes for the 9 million Rs50 notes and 18,000 notes for the 6 million Rs100 notes.
Jonathan Callaway (IBNS 3575-R) said that 1970 is the first year that TDLR used separate prefix identifiers for replacement notes of Bank of Scotland £1 and £5; notes. About 1.5%-2% replacement notes had been printed.
So maybe 100000 (1.1%) Replacement notes were printed for the 9M Sri Lanka 1970 Rs50 and may explain the large Serial number W/1 95922 on the Replacement note in the Lakdiva collection.
The Note was checked under high resolution both visually as well as under UV lighting to verify and confirm the Serial prefix is original and genuine,

On My RTI (Request To Information) on this older Series CBSL replied
Information on issues after 1987.01.01 or 1996.02.01 are not available with both the CBSL and the printer.

The Rs100 V/1 Replacement notes shown above with an serial in italic numerals not from the Lakdiva collection.
I thank dealers Selliah Jackson for this images for confirmation.

If you have image of any replacement notes with 1970-12-09 date please contact kavanr @ gmail.com with image.

The Central Bank did not inform the Public about Replacement notes which went unnoticed by collectors. Around 1999 their identity was told to collector Johann Dekker by former Superintendent of Currency Ms Chitra Ariyaratne when he had asked her about notes with a different prefix.

Consequently all denominations of these replacement notes are rare to find as they had gone out of circulation by 2000.

A list of 8 reported Replacement Notes of 1970.
The best available image for each date/variety not in Lakdiva Collection displayed above
If you have an image of any please submit image to be included in this list. The list gives preference to listing current owner/collector of note when known.

Rs  50 1970-10-26 14453 Mr Preethi Jayawardena
Rs  50 1970-10-26 15204 Mr Dharmaraja
Rs  50 1970-10-26 15610 Mr Chanaka Sampath 
Rs  50 1970-10-26 45843 Mr Selliah Jackson (sold)
Rs  50 1970-10-26 89714 Mr Preethi Jayawardena
Rs  50 1970-10-26 95922 Lakdiva Collection
Rs 100 1970-10-26 03021 Mr Chanaka Sampath 
Rs 100 1970-10-26 10619 Mr Preethi Jayawardena