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1913 Chinese Government Bond Re-organisation Gold Loan. Uncanceled NO Coupons. For Sale


1913 Chinese Government Bond Re-organisation Gold Loan. Uncanceled NO Coupons.
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1913 Chinese Government Bond Re-organisation Gold Loan. Uncanceled NO Coupons.:
$100.00

This is an Original Chinese Government Reorganisation £20 5% Gold Loan Bond. These Bonds were issued in 1913 by a consortium of banks including, The Hong Kong and Shanghai Banking Corporation, Deutsch-Asiatische Bank, Banque de L’Indo-Chine and The Russo Asiatic bank


This Bond,(No.558243)was issued by Banque de L’Indo-Chine in Paris and measures 16.0\" X  22.0\" inches. It is Uncanceled, folded once and in Extra Fine crisp condition. There are NO COUPONS attached. 


They were designed and printed by security printers Waterlow and Sons of London and beautifully printed in brown and black. There is a large vignette of the Mercury surmounting the bond with two side medallions of Chinese landscape. There are British and French Tax stamps embossed at the top of the Bond.


It features the  chops and signatures of China’s Minister of Finance and China\'s Minister in  Paris. There is also the  countersignature of the representative of Banque de L’Indo-Chine. 


The government of the new Chinese Republic pledged in 1912 to honor the debts of its imperial predecessor, and a succession of subsequent governments made similar guarantees, with foreign loans always a high priority. In 1921 the Chinese government declared bankruptcy, and began defaulting on its loans, but interest on these Reorganization Bonds were paid until 1939 when Japanese invasion intervened. The government of the People’s Republic of China repudiated all such debts in 1949, but numerous lawsuits have been brought against it and the government of the Republic of China seeking redemption of various bonds.


A quixotic 2005 judgment in a New York court, factoring in the stratospheric increase in the price of gold, placed the then-current value of a 1913 £20 gold bond  at about US$7,000,000!


These bonds would be a welcome addition to any Chinese Gold Bond Portfolio. 


These bonds are sold strictly as historical collectibles and any expectation of future valuation is 

Unknown at this time.



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