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

The Lung-Tsing-U-Hai Railway Loan of 1913 was secured as principal and interest by a direct obligation of the government of the Republic of China and further secured by a first mortgage security of the Kansuh-to-Sea Railway, its fixed plant, rolling stock, appurtenances and earnings.

For more information visit our web site, http://www.glabarre.com, or call George LaBarre at 1-800-717-9529.

George H. LaBarre Galleries - Collectible Stocks and Bonds and Old Stocks and Bonds
http://www.glabarre.com
A foreign antique stock and bond company.

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

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.

For more information visit our web site, http://www.glabarre.com, or call George LaBarre at 1-800-717-9529.

George H. LaBarre Galleries - Collectible Stocks and Bonds and Old Stocks and Bonds
http://www.glabarre.com
A foreign antique stock and bond company.

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

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

The Lung-Tsing-U-Hai Railway Loan of 1913 was originally for the sum of £10,000,000 but only £4,000,000 was issued in 1913, according to author John M. Thomson.*

The arrangements for this loan “Did not go according to the original plan and subsequently only 200,000 bonds of denomination £20 were issued in 1913.” The total capital issued was £4,580,380. There were a total of 22,019 bonds issued at £20 denomination with serial numbers running from 20,001 to 249,019. The loan went into default in 1926 and coupons were unpaid from that date.

For more information visit our web site, http://www.glabarre.com, or call George LaBarre at 1-800-717-9529.

George H. LaBarre Galleries - Collectible Stocks and Bonds and Old Stocks and Bonds
http://www.glabarre.com
A foreign antique stock and bond company.

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