Rare £100 Chinese Government Gold Loan of 1912 known as the "Crisp Loan"Inv# FB5176
£100, 5%, Gold Bond. 28 coupons remain.
The crisp Gold Loan of 1912 was originally for the sum of £10,000,000, but only £5,000,000. was issued. The loan was: " authorized on the 14th day of July, 1912, by the Premier and the Minister of Finance of the Government of the Republic of China and by special order dated 2nd day of September, 1912 of the President of the Republic of China duly notified on the 4th day of September, 1912, by the representative of the Chinese Government in London to His Majesty's Secretary of State for Foreign Affairs and on the 4th day of September, 1912, by the President of the Republic of China to the British Minister in Pekin."
The loan was floated by C. Burch, Crisp & Co. in London at 95% on behalf of the British & International Investment Trust, Ltd. Other financial institutions acting as agents for the loan were the British Bank of Foreign Trade, Lloyds Bank and the Chartered Bank of India, Australia and China. Bearer bonds were issued in the following denominations: £20, £100, £500, and £1,000.
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.