5 British Pound Chinese Government Skoda Loan II 1925 bearing 8% Interest Bond - China Uncanceled Bond
Inv# FB6083D Bond
Chinese Government 5 Pound Sterling Bond bearing 8% interest. (High rate of interest). 11 interest 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
In 1911, the Imperial Chinese Government issued the Skoda Loan I for the purchase of naval and military arms from the Skoda-Works in Pilsen, Bohemia & the Italian Monfalcone Shipbuilding Yards. Skoda Loans II of a total £6.9m were issued after agreements in 1922 & 1925 between the Chinese Ministry of Finance & the Italian Bank for China, formerly known as Sino-Italian Bank, acting on behalf of the Bondholders of the Skoda Loan II.
For every £100 Skoda Loan I due, a new £150 of this Skoda Loan II was issued. Coupons were payable at Credito Italiano & J. Hambro & Sons, both in London. The loans were printed by the Bureau of Engraving & Printing in Peking, China. The Škoda Works was one of the largest European industrial conglomerates of the 20th century, founded by Czech engineer Emil Škoda in 1859 in Plzeň, then in the Kingdom of Bohemia, Austrian Empire. It is the predecessor of today's Škoda Auto, Doosan Škoda Power and Škoda Transportation companies. Read more at https://en.wikipedia.org/wiki/%C5%A0koda_Works
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.
Ebay ID: labarre_galleries