Super Petchili Uncanceled 1913 Gold Bond with Pass-Co Authentication - PRICE UPON REQUEST - Chinese Republic 20 Pound 5% Lung-Tsing-U-Hai RailwayInv# FB5128 Bond
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 and Text: Repeated in French and 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 and offered by the Banque Belge at Fr 461.40 for each Fr 500 or £20 Bond in Brussels and Paris on behalf of the Co. Gen. Chemins de Fer et de Tramways en Chine. For the construction and equipment of a main line (1125 miles) between Lanchow (on the West) and 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 is the capital and largest city of Gansu Province in Northwest China. Located on the banks of the Yellow River, it is a key regional transportation hub, connecting areas further west by rail to the eastern half of the country. Historically, it has been a major link on the Northern Silk Road and it stands to become a major hub on the New Eurasian Land Bridge. The city is also a center for heavy industry and petrochemical industry. Read more at https://en.wikipedia.org/wiki/Lanzhou
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.