$10 First Issue Military Requirements Public Bond of the 29th Year of the Republic - 1940 dated Chinese Uncanceled Bond

$10 6% Republic of China bearer Bond. The 29th Year Military Supplies Loan. All have 52 coupons. More coupons are not showing in the image.

This certificate, a 10-yuan military bond issued by the Republic of China in 1940 during the Second Sino-Japanese War, was officially titled the “First Issue Military Requirements Public Bond of the 29th Year of the Republic.” It was part of a nationwide effort by the Nationalist government to raise funds for China’s defense against Japanese aggression. The intricate design of the bond emphasized its wartime purpose, featuring images of military aircraft, anti-aircraft guns, searchlights, industrial machinery, and other symbols of national mobilization. The certificate bore the printed signatures of senior officials of the Ministry of Finance, including Finance Minister H. H. Kung (Kung Hsiang-hsi), lending it the authority of the central government.

The bond promised investors a fixed return through a series of detachable interest coupons attached to the certificate. Interest was to be paid semiannually, starting in 1940, while the principal was gradually redeemed over a twenty-five-year period according to a published repayment plan printed on the reverse. The detailed amortization table outlined the dates and amounts of future interest and principal payments, reflecting the government’s intention to reassure purchasers that the bonds represented a sound investment despite the uncertainties of war.