Description Industrial Loan from the Government of the Republic of China – EF rare bond 1914 Emprunt Chinoise

Original title in excellent condition (EF) with coupons.

The 1914 industrial loan in the amount of 150 million francs was intended for the construction and development of the port of Poukou (Pukow) and work to be carried out in Beijing: construction of electric trams, reorganization and improvement of the transport system. electric lighting, of the water service, construction of a market, repair of old sewers and creation of new ones, construction of municipal palaces, museums, public gardens, repair of old roads and streets, and new constructions.

The work was to be carried out under the supervision of the Industrial Bank of China. The loan was guaranteed by present and future municipal taxes in Beijing, as well as by the tax levied on alcohol in the provinces north of the Yangtze (Mongolia and Manchuria excepted). All these pledges were enforceable in the absence of payment by the Government of all or part of a half-yearly coupon.

You can read the latest press articles related to Chinese debt:

https://www.bloomberg.com/news/articles/2019-08-29/trump-s-new-trade-war-weapon-might-just-be-antique-china-debt

https://www.ft.com/content/7a65b99c-e419-49da-bf47-33acb91ed4a3

Ref : Lot action 49 ROMETTI 91

Shipment:        

 

Condition: Good condition please see picture. Authenticity = 100% authentic.

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