Monday, July 18, 2011

Collectible Chinese Bonds

Imperial Chinese Government Hukuang Railways bonds were issued in 1911 by banks in London, Berlin, Paris and New York, with serial numbers running into the six digits, of which hundreds if not thousands appear to have survived. A few bear New York State adhesive revenue stamps; shown here is a New York issue £100 bond with Secured Debt $1 and Investments $1 stamps paying New York’s Investments tax in 1917 and 1918; this secured for the bondholder exemption from that state’s onerous personal property tax.

Coupon bonds of this era are generally large and spectacular—American bonds typically measure about 10 by 15 inches—but this one sets new standards on both scores. It is huge, some 16 by 22 inches as shown. Its design and execution by security printers Waterlow & Sons of London are equally impressive, featuring the facsimile seals and signatures of China’s Minister of Posts and Communications and its Minister in Washington.

Bond: China, 1912 £20 5% Bond printed by J. Verschueren, Anvers. Large format. Condition: Excellent! Price upon request.

George H. LaBarre Galleries - Collectible Old Stocks and Bonds and Old Stocks and Bonds A foreign antique stock and bond company.

From: "The Bonds That Sparked the Chinese Revolution" by Michael Mahler.

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