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Auction: 13017 - Bonds and Share Certificates of the World
Lot: 447

Royal Roumanian Government, a specimen Treasury Bill for £500,000 issued by the Bank of England, 21st January 1915, repayable by 1916, scrollwork and coats of arms at left and right, black on bank of England watermarked paper, hole cancels over signature area, cancelled in red across face, about extremely fine.

This method of payment was mostly used to repay contracts for trade and the supply of goods and services. Although Roumania did not enter the War until 1916 there were considerable pressure upon it to join the allies as early as 1915. It may be that funds were lent to the Government for the improvement of its somewhat outdated armed services but that is only speculation.

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Estimate
£600 to £800