1913 5% Lung-Tsing-U-Hai Railway Loan - Part Two

The purpose of the Lung-Tsing-U-Hai Railway Loan, according to author John M. Thomson,* was for the

•  construction of the Kansuh to Sea Railway (Lung-Tsing-U-Hai ) between Lanchow-fu and Haichow, 
•  redemption of the Pien Lo Railway Loans of 1905 and 1907, 
• development and improvement of the Haichow port, 
• payment of interest due on the loan, and for
• working expenses during the period of construction, which was estimated to last five years from the date of the completion of the surveys.

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*Reference: Historic Foreign Bonds of China: A Collector’s Compendium by John M. Thomson.