£100 Chinese Imperial Canton-Kowloon Railway 5% Gold Bond with Pass-co Authentication (Uncanceled)

5%, £100 Gold Uncanceled Bond with 18 coupons attached with Pass-co Authentication. Traditional amount of coupons attached. Article relating to this Chinese item: https://www.bloomberg.com/news/articles/2019-08-29/trump-s-new-trade-war-weapon-might-just-be-antique-china-debt

The Kowloon–Canton Railway (KCR), a joint venture between the British and Chinese governments, was established in the early 20th century to connect Hong Kong’s harbor with mainland China. The British Section, stretching from Tsim Sha Tsui to the border at Lo Wu, faced significant engineering challenges, including the excavation of the 1.5-mile Beacon Hill Tunnel. Upon its official opening in 1910, the KCR became a crucial strategic and commercial artery. However, through-train services to Guangzhou were often disrupted by the turbulent political events of the era, such as the Japanese occupation and the border closure in 1949.

The modern identity of the KCR emerged in the late 1970s and 80s through a major electrification and modernization program. This transformation transformed the railway from a single-track steam operation into a high-capacity suburban metro system, contributing to the growth of new towns in the New Territories like Shatin and Tai Po. In 1982, the government established the Kowloon–Canton Railway Corporation (KCRC) to manage the network independently. The KCR eventually merged its operations with the MTR Corporation in 2007, marking the end of its era as a standalone entity while continuing to serve as a vital component of Hong Kong’s transit infrastructure.