Chinese Government 5% reorganisation gold loan 1913:
Bond of £20 Sterling, , no. 598548 with 43 coupons attached (no's 52-94), green, with Russian black tax stamp; in very nice condition: no horizontal fold, but at the bottom very minor damage from 2 drawing pin holes. Price excluding shipment: € 175.
There a number of legal actions taking place in America to force the Chinese Government to repay these bonds. If they are sucessful the bonds could be worth an absolute fortune. Just google "Chinese Gold Loan Bearer Bonds" for further information.

Click on pictures for enlargements

---

---

Issued in Brussels / Uitgegeven in Brussel

Government of the Chinese Republic / Gouvernemet de la République Chinoise, 8% Railway Equipment Loan,
£20 Treasury Note, blue, issued in Brussels (Belgium) in 1922. See scan of the left half , see scan of the right half.
50 x 31 cms, with engraving of a train amidst Cinese buildings, with 14 coupons, from June 1926 - Dec. 1932.
Kuhlman catalogue no. 640
Condition VF: no border defects; price € 45.

Gouvernemet de la République Chinoise
Bon du Tresor 8 % de 1923; Chemin de Fer Lung-Tsing-U-Hai,
Bon de 500 Francs, Bruxelles, 1923, Kuhlman no.650; brown border on beige, 2 red frames with Chinese texts, new coupon sheet; 1939 -1961 coupons glued to back side of right border, 20 by 26,5 cm and coupons 27 by 41 cm., VF+, very neat condition, right lower corner some wrinkles, price 25 Euro.

---

---

Literature:

Kuhlmann, Wilhelm, China’s Foreign Debts 1865-1982, privately published by Wilhelm Kuhlmann, 1983, Printed by Freiberg Druck, Hannover, West Germany, ISBN 0-9610400-0-9, not for sale here.
This 131 page book contains much history, a comprehensive catalogue and a large number of illustrations of the bonds.