$10 Republic of China 29th Year Military Supplies Loan - 1940 dated Chinese Uncanceled Bond
Inv# FB6177 Bond
$10 6% Republic of China bearer Bond. The 29th Year Military Supplies Loan. All have 52 coupons. PASS-CO authenticated.
The Provisional Government of the Republic of China was a puppet state established by the Empire of Japan, existing from 1937 to 1940 during the Second Sino-Japanese War. It was primarily created at the behest of Imperial Japanese Army commanders in northern China, subsequently obtaining approval from Japanese government officials in Tokyo. Consequently, the Provisional Government held nominal authority in the Japanese-occupied regions of northern China, while to the south, the Central China Expeditionary Army formed the Reformed Government of the Republic of China in 1938, which exercised authority in the Yangtze River region. Both entities effectively functioned as local representatives of the Japanese military authorities, owing to the significant presence and influence of Japanese advisors within the Provisional Government over local Chinese bureaucrats, and because it never sought international recognition, not even from Japan.
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.
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