Lot# 7324

The 2025 December Auction - Sale 346 (December 13 - December 16, 2025)   December 13 - December 16 2025, Hong Kong

Lot# 7324
Starting Price: 1,000 HK$
Hammer Price: 1,400 HK$
1913 Chinese Government 5% Gold Loan of the Lung–Tsing–U–Hai Railway, £20 bond (six examples)

1913 Chinese Government Lung–Tsing–U–Hai Railway 5% Gold Loan, £20 bond, one of the major foreign loans underwritten by the Anglo-French consortium in the early Republic period. Printed in blue with ornate borders, bearing a large red seal “Government of the Chinese Republic,” bilingual in French and English with full coupons attached. Issued for railway construction and repayment of late Qing debts.