Monday, June 4, 2012

History of The Chinese Reorganization Gold Loan of 1913 - Part Two

The following information about the 1913 - 5% Reorganisation Gold Loan is reprinted with the permission of author John Thomson and is taken from his brand new book Historic Foreign Bonds of China.

The principal financial institutions which participated in the loan arrangements were the Hongkong & Shanghai Banking Corporation, Deutsch-Asiatiche Bank, Banque de l’Indo-Chine and Russian Asiatic Bank.

The Yokohama Specie Bank participated on behalf of Japan, but did not issue separate bonds, countersigned by the bank. Arrangements were made as to convertibility into Japanese Yen of the bearer bonds issued by the other four issuing banks. The banks all received 6% commission for handling this loan and the capital amounts allocated to each bank together with bonds issued are detailed in the data2 tables below:
  • Hongkong & Shanghai Banking Corporation        £7,416,680
          • Deutsch-Asiatiche Bank                                         £6,000,000
  • Banque de l’Indo-Chine                                         £7,416,660
          • Russian Asiatic Bank                                             £2,777,780
          • Russian Asiatic Bank (Belgium)                           £1,388,880

It should be noted that the original Russian issue bonds which were brown coloured, were subsequently withdrawn and exchanged for a series of green coloured bonds. The original brown coloured bonds, sometimes referred to as “Y ellow    Bonds”    were    annulled.    In    consequence there may still be bonds in existence of two different colours from the Russian issue carrying identical serial numbers.

To view and/or purchase our collection of Chinese Reorganization Gold Loan of 1913 visit our web site,, or call George LaBarre at 1-800-717-9529. 

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

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