Lot 4691

Description

Chinese Government, 5% Reorganisation Gold Loan of 1913, brown certificate number 209454, issued by Deutsch-Asiatische Bank, in modern timber frame with glass on both sides (465x350mm), interest coupons visible at back; another 5% Reorganisation Gold Loan of 1913,brown certificate number 311413, issued by Banque De l'Indo-Chine a Paris, in modern timber frame with glass on both sides (465x350mm), interest coupons visible at back; another 5% Reorganisation Gold Loan of 1913, brown certificate number 44348, issued by The Hong Kong and Shanghai Banking Corporation in London, in modern timber frame with glass on both sides (465x350mm), interest coupons visible at back. another 5% Reorganisation Gold Loan of 1913, brown certificate number 750924, issued by Russo-Asiatic Bank, in modern timber frame with glass on both sides (465x350mm), interest coupons visible at back, all certficates printed by Waterlow & Sons and all with the same basic design of Mercury seated at top with ships and peasants around, at either side peasants and oriental buildings. Initials DB or UD on most at top edge otherwise extremely fine. (4)

This loan was issued by four banks, German-Asiatic Bank, French Society of France Bank, Hong Kong and Shanghai Bank and the Russo-Asiatic Bank, each of which received 6% commission. Of the estimated £21 million raised, approximately £14 million disappeared. The original certificates were brown, replaced later by green after the collapse of the Russo-Asiatic Bank.