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1913 Super Petchili Uncanceled Gold Bond with Pass-Co Authentication - Chinese Republic 20 Pound 5% Lung-Tsing-U-Hai Railway

Inv# FB5128   Bond
Country: China
Denomination: £20 or 20 British Pound
Years: 1913
Color: Blue, Red and Black

Government of the Chinese Republic, 5% GOLD LOAN OF 1913 LUNG-TSING-U-HAI RAILWAY of £10,000,000 Sterling BOND FOR £20 denomination with Pass-Co Authentication. 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

LUNG TSING U HAI RAILWAY BOND. Titles & Text: Repeated in French & English. Printer: J. Verschueren, Anvers, Belgium. Size: Large Format, 11x20" plus 10x20" Coupon at right. Also called the Belgian Lanshow Railway Loan. Authorized £10,000,000. But only £4,000,000 were issued in 1913 & offered by the Banque Belge at Fr 461.40 for each Fr 500 or £20 Bond in Brussels & Paris on behalf of the Co. Gen. Chemins de Fer et de Tramways en Chine. For the construction & equipment of a main line (1125 miles) between Lanchow (on the West) & Haichow on the sea (north of the Yantze), utilizing the Pienlo Railway. Number of coupons will vary from 42 or so. Known as the "Super Petchili". Construction for this railway was from Lanzhou to Lianyungang.

Lanzhou serves as the capital and the most populous city of Gansu Province in Northwest China. Situated alongside the Yellow River, it functions as a crucial transportation center, facilitating rail connections to the eastern regions of the country and areas further west. Historically, Lanzhou has played a significant role as a vital junction on the Northern Silk Road and is poised to emerge as an important hub on the New Eurasian Land Bridge. Additionally, the city is recognized as a center for heavy and petrochemical industries.

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: $1,000.00