500 Belgian Francs China-Lung-Tsing-U-Hai Railway - with Pass-co Authentication - 1921 dated Green Railroad Bond (Uncanceled)
Inv# FB5056 Bond
China-Belgian Issue, 1921, Green with Red Overprint, 500 Belgian Francs (equivalent of £20), 8% Bond. Uncanceled. Has coupons. With Pass-co Authentication.
The railway construction project extended from Lanzhou to Lianyungang. Lanzhou serves as the capital and the largest city of Gansu Province, located in Northwest China. Situated along the Yellow River, it functions as a crucial transportation hub for the region, facilitating rail connections to the eastern parts of the country and areas further west. Historically, Lanzhou has been a significant point on the Northern Silk Road and is poised to become an important center on the New Eurasian Land Bridge. Additionally, the city is recognized for its heavy industry and petrochemical sector.
Lianyungang is a prefecture-level city located in northeastern Jiangsu Province, China. It shares borders with Yancheng to the southeast, Huai'an and Suqian to the south, Xuzhou to the southwest, and the province of Shandong to the north. The city's name is derived from Lian Island, the largest island in Jiangsu situated off its coast, and Yuntai Mountain, the highest peak in the province, located a few miles from the city center. The name can be literally interpreted as the Port Connecting the Clouds. According to the 2020 census, Lianyungang had a population of 4,599,360, with 1,210,767 residents living in the urban area comprising Haizhou and Lianyun counties. Historically known in the West as Haichow, meaning the City of Sea, Lianyungang was opened to foreign trade by the Qing imperial government in 1905.
The Longhai railway, previously referred to as the Lunghai railway, serves as a significant east-west transportation route in China. It stretches from Lianyungang in Jiangsu, located on the Yellow Sea, to Lanzhou in Gansu, traversing the provinces of Jiangsu, Anhui, Henan, Shaanxi, and Gansu, with a total length of 1,759 kilometers. The railway derives its name from Gansu, which is also known as Long in Chinese, and from Lianyungang's former designation, Haizhou. The Longhai Line ranks among the busiest railways in China, featuring dual tracks along its entire length, with the segment between Xuzhou in Jiangsu and Lanzhou in Gansu being electrified.
The construction of the Longhai railway spanned fifty years and involved four successive Chinese governments: the Qing Dynasty, the Beiyang Government, the Nationalist Republican government, and the Communist government of the People's Republic. The initial segment of the railway, located entirely within Henan, connecting Kaifeng to Luoyang, was developed between 1905 and 1909 through a collaboration between the Qing Dynasty and a Belgian joint-stock company supported by France and Russia. This section, known as the Bianliang–Luoyang railway, commenced operations on January 1, 1910.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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