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Auction: 17017 - Bonds and Share Certificates of the World
Lot: 113

China: Huai River Commission Loan, 1935, a participation certificate for £5000, #19, large format, plain black printing, in English, embossed English revenue stamp. This loan has been catalogued by Kuhlman as K.875 but until recently no certificates had been seen. The loan was a private loan between E.D.Sassoon Banking Co. Ltd. and the Commission and not a direct obligation of the Chinese Government , although it does appear on all the contemporary lists of outstanding Government loans. There are four endorsements on the reverse of the certificate showing various capital repaid and interestingly there are two transfers annotated in 1951 and again in 1970. VF and extremely rare, the second to be offered on the market [R11].

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Sold for
£1,900