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Auction: 1004 - Bonds & Shares of The World
Lot: 121

Banque Industrielle de Chine, a group of 12 unissued certificates for 500 franc shares, 1920, capital 150,000,000 francs, classic design of panoramic city view with Chinese dogs at left and right, architectural border with dragons at top, yellow and black, with all coupons, extremely fine (12) Estimate £ 100 The capital of this rapidy expanding bank was raised from 75 million francs to 150 million francs in 1920 but the boom time of post World War I was coming to an end and not all the shares were taken up. The company was bankrupt by 1922 and a huge scandal ensued.

Sold for
£140