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1942 China banknote unknown???

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Hi all!

First post here, I'm an American teaching English at a high school in Qiqihar China. At the flea market the other day I got this banknote in a box I bought. In Chinese its dated 1942. But I can not figure out anything else about it. I was hoping someone on the board might know what it is.

Thanks for your help!

JIM

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The bank name can be translated as Local Economic Cooperatives. And the location is called 'Lai Yang' which is over printed on left and right side. I searched through out Baidu and  I could say that it worths 10 to 15 USD. 

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