Ching-Yu 5% Gold Loan 2nd Series, treasury note (bon du tresor) for 50,000 francs, unissued reserve stock, dated 1915 from the archives of the Banque Industrielle de Chine, of only 90 intended for issue, large format, decorative border, small number of cancellation holes, green with red chops, extremely fine and rare. £600-800
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Ching-Yu 5% Gold Loan 2nd Series, treasury note (bon du tresor) for 152 francs, unissued reserve stock, dated 1915 from the archives of the Banque Industrielle de Chine, of only 1 intended for issue, large format, decorative border, small number of cancellation holes, green with red chops, extremely fine and rare. £800-1,000
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Ching-Yu 7% Gold Loan 3rd Series, treasury note (bon du tresor) for 1,000 francs, unissued reserve stock, dated 1916 from the archives of the Banque Industrielle de Chine, of only 35 intended for issue, large format, decorative border, small number of cancellation holes, blue with red chops, extremely fine and rare. £600-800
Lots 95, 98 to 106 and 118 to 120 are from a superb find of documents held since the failure of the Banque Industrielle de Chine in 1920 and acquired by this collector some years ago. In many cases only one piece was found but in some cases up to 6 or 7 of a type exist. These were dispersed some 12 years ago. |
Ching-Yu 7% Gold Loan 3rd Series, treasury note (bon du tresor) for 100,000 francs, unissued reserve stock, dated 1916 from the archives of the Banque Industrielle de Chine, of only 50 intended for issue, large format, decorative border, small number of cancellation holes, brown with red chops, extremely fine and rare. £600-800
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Ching-Yu 7% Gold Loan 3rd Series, treasury note (bon du tresor) for 567 francs, unissued reserve stock, dated 1916 from the archives of the Banque Industrielle de Chine, of only 1 intended for issue, large format, decorative border, small number of cancellation holes, green with red chops, extremely fine and rare. £800-1,000
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Ching-Yu 7% Gold Loan 4th Series "A", treasury note (bon du tresor) for 8,333.33 francs, unissued reserve stock, dated 1917 from the archives of the Banque Industrielle de Chine, of only 1 intended for issue, large format, decorative border, small number of cancellation holes, orange brown with red chops, extremely fine and rare. £800-1,000
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Ching-Yu 7% Gold Loan 4th Series "B", treasury note (bon du tresor) for 8,333.33 francs, unissued reserve stock, dated 1917 from the archives of the Banque Industrielle de Chine, of only 1 intended for issue, large format, decorative border, small number of cancellation holes, green with red chops, extremely fine and rare. £800-1,000
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1918 8% Treasury 'Marconi' Bill, £100 bond, numbered 000001, ornate border, red printing, yellow underprint with coupons, on poor quality paper with severe damage, damaged edges and two pieces missing on bottom and right hand edge, poor. £100-200
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1918 8% Treasury 'Marconi' Bill, £100 bond numbered 000367, ornate border, red and black, yellow underprint, on poor quality paper, with coupons, edge nicks and pin holes, small piece missing right hand border otherwise very fine. £60-80
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1918 8% Treasury 'Marconi' Bill, bond for £100, no. 001235, with original coupons, ornate border, red and black, yellow underprint, on poor quality paper, with coupons, some minor edge damage and heavy creasing otherwise very fine and rare. £400-500
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1918 8% Treasury 'Marconi' Bill, £500 bond, no. 001794, of only 500 issued, ornate border, red and black, yellow underprint, on poor quality paper, with coupons, a few edge nicks with small tear bottom and some split folds, otherwise very fine. £200-300
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1918 8% Treasury 'Marconi' Bill, £500 bond no. 001565, with original coupons, ornate border, red and black, yellow underprint, on poor quality paper. some pin holes top right otherwise a lovely example, very fine and rare. £600-800
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1918 8% Treasury 'Marconi' Bill, £500 bond, no. 001515, with original coupons, ornate border, red and black, yellow underprint, on poor quality paper, some creasing and small tear top edge otherwise very fine and rare. £600-800
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1918 8% Treasury 'Marconi' Bill, £1000 bond, no. 002066, of only 200 issued, ornate border, red and black, yellow underprint, on poor quality paper, edge nicks and tears with tape repairs, generally poor but scarce. £300-400
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1919 8% 10-Year Sterling Treasury Notes, 'Vickers' Loan, a set of three bonds for £100, £500 and £1000, small dockside vignette, green, blue and brown respectively, all with coupons, £1000 bond with large tear centre, tape repair on reverse, otherwise generally about very fine. (3) £400-500
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1919 8% 10-Year Sterling Treasury Note, 'Vickers' Loan, a specimen £500 bond, from the Bradbury, Wilkinson & Co. archive, dockside vignette, blue and black, full coupon sheet attached, two small hole cancellations otherwise extremely fine and rare. £600-800
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1919 8% 10-Year Sterling Treasury Note, 'Vickers' Loan, a specimen £1000 from the Bradbury, Wilkinson & Co archive, dockside vignette, brown and black, full coupon sheet attached, numbered 00000, two small hole cancellations otherwise extremely fine and rare. £600-800
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1919 6% 2-Year Secured Gold 'Chicago Bank' Loan, $1000 bond no. 5274, vignette of pagoda at top, orange and black, printed by the American Bank Note Company, with coupons and sheet of scrip certificates, good very fine. £300-400
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Ching-Yu 5% Gold Loan 1919 special series "C", treasury note (bon du tresor) for 50,000 francs, unissued reserve stock, from the archives of the Banque Industrielle de Chine, of only 1 intended for issue, large format, decorative border, small number of cancellation holes, orange brown with red chops, extremely fine and rare. £800-1,000
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Ching-Yu 5% Gold Loan 1919, special series "C", treasury note (bon du tresor) for 100,000 francs, unissued reserve stock, from the archives of the Banque Industrielle de Chine, of only 21 intended for issue, large format, decorative border, small number of cancellation holes, orange brown with red chops, extremely fine and rare. £600-800
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Ching-Yu 5% Gold Loan 1919 special series "D", treasury note (bon du tresor) for 50,000 francs, unissued reserve stock, from the archives of the Banque Industrielle de Chine, of only 1 intended for issue, large format, decorative border, small number of cancellation holes, green with red chops, heavy centrefold and nick at bottom edge otherwise about extremely fine and rare. £800-1,000
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1922 8% Railway Equipment Loan, pair of £20 bonds, both issued and unissued reserve stock, large format with steam train in centre, blue black, text in French and English, reserve stock certificate with full coupon sheet attached, very fine to extremely fine. (2) £60-80
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1925 8% 'Skoda' Loan, group of 8 bonds including one bond for £5, three bonds for £10, two bonds for £50 and two bonds for £100, ornate borders, various colours, 'chop' in centre, with varying numbers of coupons, generally very fine with some folds. (8) £250-300
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1925 8% 'Skoda' Loan, bond for £5, no. 0002602, inverted 'No.', ornate border, brown blue and black, chop in centre, with coupons, about extremely fine with rare error. £500-600
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1925 8% 'Skoda' Loan, bond for £500, no. 0021682, ornate border, orange and black, 'chop' in centre with coupons, very fine. £200-250
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1925 8% 'Skoda' Loan, bond for £1000, no. 0026749, ornate border, red and black, 'chop' in centre, with coupons, extremely fine. £200-250
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1925 8% 'Skoda' Loan, a duplicate bond for £1000, no. 0026748, ornate border, red and black, 'chop' in centre, with coupons, overprinted DUPLICATE, extremely fine with annotation in Chinese in border, rare. £600-800
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1925, 5% Gold 'Boxer' Loan, bond for $50, number 000,001, signed around the body by 20 or so officials from the issuing bank, the Banque Industrielle de Chine, and retained by one of the directors, ornate border, brown and yellow, with all coupons intact, together with another issued example, about extremely fine and the first unique. (2) £2,500-3,000
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1928 6% Gold Loan 'Belgian Boxer', bond for US$100, no. 25, 657, ornate border, green and black, with coupons, couple of small edge tears, very fine. £120-150
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1934 6% Sterling Indemnity Loan, bond for £50, no. 1030, vignette of Sun Yat Sen at top, brown and blue, green underprint, with coupons, extremely fine. £150-180
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1934 6% Sterling Indemnity Loan, bond for £100, no. 2380, vignette of Sun Yat Sen at top, green and blue, beige underprint, with coupons, extremely fine. £150-180
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1934 6% Sterling Indemnity Loan, bond for £1000, no. 6529, vignette of Sun Yat Sen at top, red and blue, pink underprint, with coupons, extremely fine. £600-800
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1936 6% Shanghai-Hangchow-Ningpo Railway Completion Loan, pair of bonds for £50 and £100, large format pieces with Sun Yat Sen top right, ornate borders, green, red and blue and brown, green and blue respectively, with coupons, about extremely fine and very fine. (2) £150-180
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1937 Secured Sinking Fund Bond (Pacific Development Loan), bond for $100, no. C54, one of only 3 known, pagoda at top, green and black, with coupons, ABNCo. printing, with certificate attached to denote American domicile of owner, extremely fine and rare. £800-1,000
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1937 Secured Sinking Fund Bond (Pacific Development Loan), bond for $1000, no. M3791, pagoda at top, blue and black, with coupons, ABNCo. printing, with certificate attached to denote American domicile of owner, extremely fine. £300-400
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1939 Republic of China Treasury Note, a specimen for £937.10.00 dated London 15th June and numbered 128, from the Bradbury, Wilkinson & Co. archive, scrollwork at left, black printing, payable at Guiness Mahon & Co., London, extremely fine and rare. £400-500
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1939 Republic of China Treasury Note, a specimen for £2000 dated London 15th June 1939 and numbered 64, from the Bradbury, Wilkinson & Co. archive, scrollwork at left, green printing, payable at Guiness Mahon & Co., London, extremely fine. £400-500
Internal Loans |
1921 Consolidated 7% Bonds of the Eighth Year National Loan, bond for $1, no. 0105401, ornate border, red, green and black, yellow underprint, text in Chinese with English translation on the reverse, with all coupons, heavy fold between bond and lower coupons otherwise very fine and scarce. £120-150
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1925 8% Funding Bonds of the Ministry of Communications, bond for 1000 dollars, no. 2670, ornate border, mauve and red with yellow underprint, with coupons, English translation on the reverse as is usual with Central Government internal loans, extremely fine and rare. £150-200
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1936 5% Railway Reconstruction Loan, third series (1938), a specimen bond for 1000 yuan, railway scenes at left and right, bridges at bottom, Sun Yat Sen at top right, green, blue and red, overprinted SPECIMEN in Chinese and numbered 000000 in red, text in Chinese, English on reverse, with coupons, slightly crumpled but good very fine and rare. £200-300
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1937 4% Liberty Loan, a group of bonds comprising 5 yuan (2), 10 yuan (3, one with Malaya duty stamp), 50 yuan (2) and 100 yuan (2), various colours, with various numbers of coupons, generally very fine to extremely fine. (9) £400-500
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1938 27th Year 5% Gold Loan, bond for £10 sterling, no. 43058, ornate border, red and black with pink underprint, text in English and Chinese, with coupons, together with similar bonds for $5 and $10, blue and brown respectively, very fine and the sterling issue very rare. (3) £100-120
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1944 33rd Year Allied Victory Loan, a pair of specimen bonds for 200 yuan and 50,000 yuan, the people raising their hands to a female holding lamp, 'V' with wings at top, numbered 0000000 in red, green and blue respectively, with coupons, about extremely fine. (2) £100-120
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1947 36th Year Short-Term Treasury Notes, a group of 3 certificates for $10 and $100, first issue and $10, second issue, the first series with portrait of Chiang Kai Shek at top right, the second series with portrait at top left, the first and last with coupons, various colours, very fine to extremely fine. (3) £100-120
Provincial Loans |
Chekiang Province, 1936 6% Reconstruction Loan, 2nd issue, bond for 100 yuan, no. 9332, vignettes of agriculture, steam train and bridge over the Chien Tang, mauve, blue and red, with coupons, very fine to extremely fine. £40-50
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Fukien Province, Military Loan, bond for 10 yuan, orange and green, small format, very fine. £80-100
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Hupei Province 24th Year (1935) 6% Loan, bond for 10 yuan, no. 012176, attractive borders with Sun Yat Sen in blue at top right, motor cars travelling along country roads at bottom, green and red, with coupons, very fine. £50-60
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Kwangtung Province, 1921 8% Reorganisation Loan, bond for $10 (local currency), no. 110443, ornate border, red and black, yellow underprint, text in Chinese with English translation on the reverse, with coupons, very fine and scarce. £100-120
Municipal loans |
Shanghai Municipal Council, 1906 4% Gold Loan, a specimen bond for £100, printed by Waterlow & Sons, large format, lilac and yellow, flag vignettes in borders, hole cancellations through coupons, number and signature spaces, extremely fine and very rare. £600-800
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Shanghai Municipal Council, 6% Loan of 1926, partial set of 3 debentures for 100 taels (yellow) no. D18191, 500 taels (blue) no. C04564 and 1000 taels (red) no. B11871, Shanghai Council buildings top centre, ornate border, printed by Waterlow & Sons, extremely fine. (3) £200-250
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