UNCANCELLED CENTURY OLD
LUNG TSING U-HAI RAILWAY BOND(S)
GUARANTEED BY THE CHINESE GOVERNMENT!
These are the originals in mint condition. brought to you by America's leading seller of foreign bonds including almost every type of Chinese bond ever issued!
The Lung Tsing U Hai Railway is one of the most famous railroads of
China. Lung-Tsing-U-Hai means KANSUH to SEA RAILWAY which ran between
Lanchow-Fu and Haichow. These bonds were issued in 1920-23 to finance its
construction, the redemption of the Pien Lo Railway Loans of 1905 and
1907 as well as improvements to the Haichow port. The loan was secured by
the railroad's revenues and was a direct obligation of the Government
of the Republic of China. The bonds are signed by top officials of the Chinese Government, with a face value of
£20 Sterling or 500 Francs per bond.
Note that fully issued uncancelled bonds like this one are potentially redeemable. China failed to pay interest beginning in 1939 due to the invasion and occupation of northern China by Japan. The bonds have all the unredeemed interest coupons from 1939 on! The principle value of the bond has also not been redeemed.
China permanently defaulted in 1949 when the Communists overthrew the Nationalist Government and established the People's Republic of China. However, the bonds are legally still due and owing by China as per Basel 5 an international debt convention held in Switzerland, and there is litigation underway to make China pay. U.S. bond holders have the ear of Donald J Trump who supports the repayment of Chinese debt as a condition of its being able to sell its U.S. Treasury bonds (China owns about 25% of our Treasury Debt!). China maintains that Taiwan, the successor of The Republic of China, owes the debt. However, at the same time it insists the Taiwan is a part of China. It can't have it both ways forever.
These are the lowest price Lung Tsing Uhai Railway bonds. Even if they aren't redeemed it's likely they will appreciate in value as a collectible due to their great rarity and controversial geopolitical/financial status.
Buy 1, get beautiful brown 1923 500 Franc bond with 2 Master Talons & 41 Coupons with RARE 1953 bank-issued, bank stamped Certificate of Declaration validating the bond!!
Buy 2, and also get beautiful green 1921 500 Franc bond with 1 Master Talons & 42 Coupons!
Buy 3, and also get beautiful brick red 1920 500 Franc bond with 2 Master Talons & 42 Coupons!