$1,000 Republic of China 29th Year Military Supplies Loan 1940 Bond - Chinese Bond
Inv# FB6175 Bond
$1,000 6% Republic of China bearer Bond. The 29th Year Military Supplies Loan. 42-52 coupons. PASS-CO authenticated. 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
The Provisional Government of the Republic of China was a Chinese puppet state of the Empire of Japan that existed from 1937 to 1940 during the Second Sino-Japanese War. It had been formed largely on the initiative of Imperial Japanese Army commanders in north China, before securing approval from Japanese government authorities in Tokyo. Thus the Provisional Government had nominal authority in Japanese occupied zones in north China, while to the south the Central China Expeditionary Army established the Reformed Government of the Republic of China in 1938, which had authority in the Yangtze River area. Both essentially served as a local organ of the Japanese military authorities, due to the presence & extensive powers of Japanese advisors within the Provisional Government over native Chinese bureaucrats, & because it never made any attempt to secure international recognition, even from Japan.
After the conquest of Northern China, Japanese Imperial General Headquarters authorized the creation of a collaborationist regime as part of its overall strategy to establish an autonomous buffer zone between China & Japanese-controlled Manchukuo. Initially, this resulted in the creation of local & provincial autonomous administrations, such as the East Hebei Autonomous Government. But plans were drawn up throughout 1937 to unite all of these smaller regimes into one that would serve as a future central government of China. The Provisional Government united these smaller local councils & nominally controlled the provinces of Hopei, Shantung, Shansi, Henan & Kiangsu. However, the regime's real influence was largely limited to where Japanese military control extended permanently, which meant its jurisdiction was in larger cities & railways. The authority of the Provisional Government was further limited by the existence of the Inner Mongolian autonomous government & the continued resistance of the East Hebei Government to fully integrate. Read more at https://en.wikipedia.org/wiki/Provisional_Government_of_the_Republic_of_China_(1937%E2%80%931940)
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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