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new 1903 Chinese Imperial Shanghai-Nanking Railway - £100 British Pound Uncanceled Bond - China

Inv# FB6205   Bond
New Item!
Country: China
Years: 1903
Color: Red

Chinese Imperial Railway - Shanghai-Nanking Railway Gold Loan. 5% £100. Always has paper tears. The Shanghai–Nanjing or Huning Railway is a standard-gauge railway in China running from Shanghai to Nanjing. The railway is about 307 kilometers (191 mi) long. The Huning line is one of the busiest in China.

The Shanghai–Nanjing intercity railway runs along the same route, but on parallel tracks. Its Chinese name is derived from the character abbreviations Hù (s ?, t ?) for Shanghai and Níng (s ?, t ?) for Nanjing. Such a railway had long been desired by Western interests in 19th-century China and just as long opposed by the Qing government. Following China's disastrous failure in the First Sino-Japanese War, however, the Guangxu Emperor approved the construction of the Shanghai–Nanjing line as a western extension of the existing Songhu Railway.

The project was undertaken by the civil engineering partnership Sir John Wolfe-Barry and Lt Col Arthur John Barry at the end of the nineteenth century. Its former eastern terminus at the Old North Station in Shanghai's Zhabei District (the former American district of the International Settlement) is now the Shanghai Railway Museum. From 1928 to 1949, while Nanjing was the capital of the Republic, the line was known as the Jinghu Railway, a name now reserved for the line between Beijing and Shanghai. In 2007 during the Sixth Railway Speed-Up Campaign, the line was organized into the Beijing–Shanghai railway.

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

Condition: Extremely Fine

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $735.00