Monday, June 8, 2009

1913 Chinese Reorganization Bonds

In an effort to rebuild China's financial structure, the Chinese government issued bonds in four major world currencies: French, Russian, German and British (francs, rubles, marks and pound-sterling). The 1913 Chinese bonds were risky. They were issued only two years after centuries of rule by Chinese dynasties ended when a group of rebel warlords seized power.

The new government, in turn, succumbed to the Chinese communists led by Mao Zedong in the late 1940s.

China, 1913, Blue-Red. £100 5% Reorganization Gold Loan Bond, German Bank Issued. Uncancelled. 42-43 Coupons. Many coupons. Important to stress that these bonds have been bought up in recent years and pretty much taken off the market. As a result prices have risen rather dramatically. Excellent Condition!!! Price upon request.

No comments:

Post a Comment