£20 British Pounds Government of the Province of Petchili Gold Bond (Uncanceled) - 1913 dated Chinese Gold Bond

Republic of China, Government of the Province of Petchili, £20 bond, 5 1/2% Gold Bond of 1913, Capitalization of £500,000 Sterling.

It is essential to clarify that only the £20 denomination was issued, which should not be mistaken for the total capitalization of £500,000 Sterling. This substantial figure represents the aggregate face value of the complete issuance of 25,000 bonds. 

The following concise history is derived from "Historic Foreign Bonds of China," published in 2012 by John M. Thomson. 

The loan was established through a resolution passed by the Assembly of the Province of Petchili. On January 27, 1913, the Government of the Chinese Republic endorsed this resolution by providing an absolute and unconditional guarantee for the timely payment of both principal and interest on the loan. The Banque de Reports, de Fonds Publics et de Depots was the financial institution involved in this transaction. Bearer bonds were issued in both Brussels and Antwerp. The loan's objective was to fund public works and improvements within the Province of Petchili. It was secured by a first mortgage on taxes levied on wine and tobacco yields collected by the Province of Petchili, along with an additional guarantee from the central government of the Republic of China. Coupons were payable biannually on February 1 and August 1.

It should always be stressed that we sell these bonds for their historical, graphic, and collectible merits only. We always make it clear (though these bonds are uncanceled) that all Chinese bonds are not negotiable. On the other hand, these are the very same bonds that are so sought after and popular. There is absolutely no difference. We sell all these Chinese bonds with accompanying PASS-CO authentications.

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