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50th Auction of Antique Stocks & Bonds (Day 1)
by Boone Shares - The Scripophily Center
Platinum HouseApril 5, 2013
2020 Antwerp, Belgium
Live AuctionGerard Le Grellelaan 10
2020 Antwerp,
Belgium
Lot 1: GULF AIR CO. G.S.C.
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Description: BAHREIN-MANAMA. Bond $1.000.000, specimen. green, red, black. Gulf Air, with its flying eagle logo, is well known at airports in Europe and Asia. The national airline of Bahrain. Perhaps these days is in the shadow of its neighbours Emirates and Itihad. Only scripophily we have ever seen from the small island country in the Persian Gulf. 19..
Condition Report: UNC
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Lot 2: MARTINS CIGAR SHIPPERS LTD.
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Description: BRITISH NORTH BORNEO-8% Cumulative Preference Shares of £1. brown. No 4052. Views of planting and harvesting tobacco, also the company logo. The company had an arrangement with the British North Borneo State Cigar Syndicate Ltd., to market its products in the U.K. Probably the most attractive of British tobacco shares. 20 February 1923
Condition Report: EF
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Lot 3: BURMESE NATIONAL BANK LTD
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Description: BURMA-RANGOON. Ordinary Shares of Rs. 20. blue. No 1813. Two perforation holes and faint staining. Text in English, but company name also in Burmese. 1 June 1948
Condition Report: VF
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Lot 4: GOUVERNEMENT IMPERIAL DE CHINE
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Description: CHINA-ST.-PETERSBURG. 4% Obligation Or de F500=Rmk.404=Rbls.125. Cat. KUL-55. brown, red, black. #500000. No 499992. Central fold, otherwise in perfect condition. Franco-Russian Gold Loan. Very attractive early bond, one of the first types available to collectors. Fine underprint of a dragon in clouds of fire. Text in French, Russian, English. To be repaid from customs duties. Few of these pieces are offered, and generally cancelled by 5 large holes. This piece however, doesn't have any cancellation holes. Sold in St. Petersburg and with an additional Russian guarantee by Ukase of Czar Alexander III. 1895
Condition Report: EF
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Lot 5: CHINESE IMPERIAL GOVERNMENT GOLD LOAN
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Description: CHINA-LONDON. 4,5% Gold Bond for £50. Cat. KUL 82. orange, purple, black. No B1182. A few pin-holes an edge-tears, outside the printed part of the bond. Secured on maritime customs revenues and salt tax. Issued by the Hong Kong & Shanghai Banking Corp. 1 March 1898
Condition Report: VF
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Lot 6: CHINESE IMPERIAL GOVERNMENT GOLD LOAN
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Description: CHINA-BERLIN. 4,5% Gold Bond for £100. Cat. KUL 85CN. brown, black. No C97280. Deutsch-Asiatische Bank issue. Remark that this bond has been hole-cancelled. Kuhlmann only reported uncancelled bonds of this type. 1 March 1898
Condition Report: VF
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Lot 7: CHINESE IMPERIAL RAILWAY GOLD LOAN
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Description: CHINA-LONDON. 5% Government Guaranteed Bond of £100. Cat. KUL 90. brown, blue. #23000. No 15551. Central fold with small edge-tear. Loan to extend and reequip parts of the Peking-Mukden railway, linking Peking to the industrial center of southern Manchuria. Taken over by the Japanese in 1932, but coupons are cut to 1941, due to Japanese payment of the interest until WWII. Very large format bond. 1 July 1899
Condition Report: VF
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Lot 8: GOUV. IMPERIAL DE CHINE 1903 - C.D.F. ENTRE KAIFONG-FOU ET HONAN-FOU
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Description: CHINA-BRUXELLES. 5% Obligation Or de F500. Cat. KUL 140. ochre, red, black. #50000. No 44636. Part of a loan raised in Brussels for the construction of a railway between Kaifong-fu and Honan-fu in Honan province. Border of a pagoda, and two large purple 'chop' seals. 12 April 1905
Condition Report: VF-EF
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Lot 9: ANGLO-FRENCH (PEKING-HANKOW RY.) LOAN OF 1908
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Description: CHINA-PARIS. 5% Bond for £20. Serie B. Cat. KUL 182. green, black, red. #125000. No 102782. Trimmed borders. This loan, for £5 million, was raised by the Hong Kong & Shanghai Bank, London, and the Banque de l'Indochine, Paris, partly to redeem bonds of 1899, issued to build the railway, and partly to establish industries. The line, 755 miles long, opened in 1905. Very fine vignette of the old gate of Peking, and one of the most attractive of all Chinese bonds. Text in English & French. Sold by the Banque de l'Indo-Chine. 1 March 1909
Condition Report: VF
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Lot 10: ANGLO-FRENCH (PEKING-HANKOW RY.) LOAN OF 1908
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Description: CHINA-LONDON. 5% Bond for £100. Cat. KUL 181. lilac, red, black. #24000. No 10804. Trimmed borders. Issued by the Hong Kong and Shanghai Banking Corp. See previous lot. Top denomination. 1 March 1909
Condition Report: VF
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Lot 11: HUKUANG RAILWAYS
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Description: CHINA-PARIS. 5% Bond for £20. Cat. KUL 230. green, purple, black. #37500. No 571. Sold by HSBC. 15 June 1911
Condition Report: VF
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Lot 12: HUKUANG RAILWAYS
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Description: CHINA-Receipt of full payment for 1 Bond £20, specimen. orange, black. To be distributed by the four US Banks who were selling the Hukuang Railways bonds to local investors upon their payment of £20 as provisional bond in attendance of the delivery of the actual bond. Printed by American Bank Note Co. and never before seen by us. Also not in the reference books. An interesting novelty to the collector of Chinese foreign bonds. 15 June 1911
Condition Report: UNC
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Lot 13: CHINESE GOVERNMENT GOLD LOAN
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Description: CHINA-5% Gold Bond for £500. Cat. KUL 272. brown, blue, red, black. #2000. No 1585. Generally somewhat worn condition, but no paper missing. Coupons 53-80 attached. 1912
Condition Report: VF
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Lot 14: CHINESE GOVERNMENT GOLD LOAN
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Description: CHINA-PARIS. 5% Bond for £20=F505=M409=189,40 Roubels. Cat. KUL 302. brown, red, black. No 558371. A great classic among the Chinese foreign bonds. Sold by the Banque de l'Indo-Chine. Coupons 53-94 attached. In nice condition. 21 May 1913
Condition Report: VF-EF
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Lot 15: CHINESE GOVERNMENT GOLD LOAN
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Description: CHINA-PARIS. 5% Bond for £20=F505=M409=189,40 Roubels. Cat. KUL 302 CN. brown, red. No 574038. An example of this well-known and fairly common Chinese bond, but drawn and cancelled. These bonds are very rarely seen in this condition. The piece has rows of cancellation-holes. The coupons 45-94 are attached. A great addition for any specialized collector of Chinese foreign bonds. 21 May 1913
Condition Report: VF
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Lot 16: MARCONI LOAN - CHINESE REPUBLIC
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Description: CHINA-PEKING. 8% Treasury Bill for £500. Cat. KUL 431. red, yellow, black. No 1667. Heavy folds, several considerable edge-tears, mostly repaired. Loan raised in London for £600.000. Kuhlmann states that half of the loan was to buy 200 wireless telephones for the army. The other half was for current expenses of the government. The only Chinese bonds known, hand signed by a Minister, Kung Hsin Chang, who has signed as Minister of Finance. He became President of the Central Government. New coupons attached. 27 August 1918
Condition Report: F-VF
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Lot 17: REPUBLIC OF CHINA
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Description: CHINA-WASHINGTON. 6% Secured Gold Loan Treasury Note of $1000. Cat. KUL-530. orange, black. #5500. No 2234. Folds with small edge-splits. Very nice vignette of a pagoda. Most bonds of this issue were held by the Pacific Development Corporation, of Chicago, and redeemed by the 1937 bond issue, of very similar design. So this piece is one of a great rarity. In excellent condition. 1 November 1919
Condition Report: VF
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Lot 18: C.D.F. LUNG-TSING-U-HAI
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Description: CHINA-BRUXELLES. 8% Bon de F500, unissued. Cat. KUL 600 RS. green, red, black. This is the rare unissued type of this otherwise common bond. In 1920 an agreement between the Chinese Government, the Cie Gle de Chemins de Fer & des Tramways en Chine, and a Netherlands syndicate, agreed a BF50 million loan to China to complete the line, from Kwanyintang to Haichow, on the Yellow Sea, and to build a port at Haichow. Only 72 such reserve stocks (with all coupons attached) are estimated to have existed according to Kuhlmann. 1 July 1921
Condition Report: UNC
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Lot 19: CHINESE GOVER. LOAN (SHODO LOAN II)
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Description: CHINA-LONDON. 8% Bond for £5. Cat. KUL 700. brown, pale blue, red, black. No 1339. This loan was issued to replace the Austrian loans. This is the smallest denomination, with 7 coupons. In excellent condition. 30 Sept. 1925
Condition Report: EF
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Lot 20: SHANGHAI HANGCHOW NINGPO RAILWAY COMPLETION LOAN
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Description: CHINA-6% Bond for £100. Cat. KUL 901. brown, blue, green, red, black. No 7450. Some edge damage at top and left border, but outside the printed part of the certificate. One of the purposes of this loan was to pay the costs of a bridge over the Yangtze River at Hangchow. The bridge was completed in November 1937, but, after taking several years to build, it was blown up, only 4 days after completion, because of the Japanese advance on Hangchow. The bridge is shown on the reverse of the bond. 1936
Condition Report: VF
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Lot 21: REPUBLIC OF CHINA
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Description: CHINA-NEW YORK. Secured Sinking Fund Bond of $1000. Cat. KUL 952. blue, black. No 4074. Issued for redemption of bonds of the 3 Year Loan of 1919 - better late than never! Also known as the Pacific Development Loan. In excellent condition. 1 July 1937
Condition Report: EF
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Lot 22: LOT OF 13 CHINESE BONDS
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Description: CHINA-1. EMPRUNT INDUSTRIEL DU GOUVERNEMENT DE LA REPUBLIQUE CHINOISE 5% OR 1914, Obligation de F500. 2. IMPERIAL CHINESE GOVERNMENT GOLD LOAN OF 1908, Bond for £20 (Banque de l'Indo-Chine). 3. REPUBLIC OF CHINA, Liberty Bond of $10 (29 coupons attached). 4-13. REPUBLIQUE CHINOISE BON 5% OR 1925, Gold Bond of $50. Various dates
Condition Report: VF-EF
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Lot 23: PUBLIC LOAN FOR THE MILITARY REQUIREMENTS OF THE REP. OF CHINA
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Description: CHINA-NANKING. 8% Bond for $10. red, green, black. No 16895. Text in Chinese on face, English on reverse. Repayable from land taxation and customs revenues. 1912
Condition Report: EF
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Lot 24: CHUNG HWA REVOLUTIONARY PARTY, FUND RAISING BOND
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Description: CHINA-Bond for 10 yuan, partly issued. Serie 3. red, orange, yellow, black. No 50123. Issued by Sun Yat-Sen in Tokyo, his place of exit after the failure of his Second Revolution where he, and his Kuomintang army had tried to overthrow Yuan Shikai's forces of about 80,000 men in an armed conflict in July 1913. Yuan Shikai had succeeded Sun Yat-sen the previous year as President of the Republic of China. Sun Yat-sen (1866-1925) is regarded today not only as a revolutionary who became China's first president, but also as the 'Father of the Nation' who is widely revered amongst the people from both sides of the Taiwan Strait. His facsimile signature is on this bond. 1915
Condition Report: EF
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Lot 25: CHINESE GOVERNMENT INTERNAL LOAN
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Description: CHINA-6% Bond for $10. blue, green, red. No 233555. Secured on national tobacco & wine public sale revenues. Text in Chinese on the face, in English on the reverse. Pretty piece, with flowery border and underprint. 1916
Condition Report: VF
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Lot 26: CHINESE GOVERNMENT INTERNAL LOAN
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Description: CHINA-6% Bond for $5. brown, green, red. No 1126558. A strip of 5 funds of 1 yuan each. Text in Chinese (front) and English (back). 1919
Condition Report: EF
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Lot 27: TREASURY BOND
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Description: CHINA-NANKING. Bond for $100. green, red, black. No 8654. Large red seal 'chops'. Flowers. Text in Chinese. Larger format than most Chinese internals. 1923
Condition Report: EF
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Lot 28: SHORT TERM LOAN OF THE CHINESE METROPOLITAN DISTRICTS
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Description: CHINA-PEKING. 10% Bond for $10. green, orange, red, black. No 28295. Text in Chinese (front) and English (back). Loan for 1.000.000 dollars, raised in Peking for the 'metropolitan districts' - we suppose, in Peking. Fold, water-staining. 1924
Condition Report: VF
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Lot 29: FUNDING BOND OF THE MINISTRY OF COMMUNICATIONS
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Description: CHINA-PEKING. 8% Bond for $1000. purple, yellow, red, black. No 2671. Repayable from surplus revenues of the Railway, Telegraph, Telephone and Postal Administrations. Text in Chinese on face, English on reverse. High denomination. 29 June 1925
Condition Report: EF
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Lot 30: KIANGSU PROVINCE - PUBLIC WATER LOAN
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Description: CHINA-6% Bond for 10 yuan. blue, orange, red, black. No 64333. Very decorative bond with vignettes of the Yangtze River with dredger, boats, water installation, portrait of Sun Yat-sen. Text in Chinese. Kiangsu or Jiangsu is an eastern coastal province. The Yangtze River passes through the southern part of the province. Since the economic reforms in 1990, Jiangsu has been a hot spot for economic development, and now has the highest GDP per capita of all Chinese provinces. Rare piece. 1934
Condition Report: EF
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Lot 31: KIANGSU PROVINCE - PUBLIC WATER LOAN
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Description: CHINA-6% Bond for 100 Yuan. green, red, blue, black. No 42393. See previous lot. 1934
Condition Report: VF-EF
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Lot 32: CITY OF TSINGTAO
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Description: CHINA-7% Bond of 10 Yuan. brown, green, red. Lots of text on the back, but not so on the front - unusual. Tsingtao or Qingdao is a major city in eastern China with almost 9 million inhabitants. 1935
Condition Report: VF-EF
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Lot 33: CHEKIANG PROVINCE-RECONSTR. LOAN
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Description: CHINA-6% Bond of 10 Yuan. olive, blue, red, black. No 53319. Vignettes of bridge over the Chien Tang River, steam train, agriculture and temple. Portrait of Sun Yat-sen. 1936
Condition Report: EF
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Lot 34: KWANGTUNG MILITARY SUPPLY LOAN
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Description: CHINA-4% Bond for 20 Yuan. red, buff, black. No 1700. Attractive horizontal bond with views of sea- and air-war. 1938
Condition Report: EF
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Lot 35: REP. OF CHINA - RECONSTRUCTION GOLD LOAN
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Description: CHINA-5% Bond of $1000. Serie 1. green, red, black. No 2655. The border shows trains, bridge, dam, tractor, miner's lamp & pick. Map of China on the reverse. High denomination. 1940
Condition Report: EF
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Lot 36: LAND CERTIFICATE
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Description: CHINA-Land Certificate. multicolour. Very colourful certificate with portrait of Mao Zedong on top and a modern, industrialized city at the bottom. Also the Chinese flags and crops. 1950
Condition Report: VF-EF
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Lot 37: NATIONAL ECONOMIC RECONSTRUCTION PUBLIC LOAN
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Description: CHINA-Bond of 50 Yuan, specimen. green, black, red. Attractive, small format bond in perfect condition. Vignette of train crossing a bridge. 1956
Condition Report: EF
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Lot 38: PROVINCE OF HUPEI
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Description: CHINA-6% Bond of 100 yuan. green, red, blue, buff, black. Attractive border with two cars along beautiful country roads. Portrait of Sun Yat sen at top right. Hubei is a province in central China with Wuhan as capital. 1930s
Condition Report: EF
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Lot 39: AMOY WATERWORKS CO
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Description: CHINA-5 shares of 500 Yuan. green, pink, black. The certificate was cut in two vertically and taped together again. Large photovignette of the dam and lake in a rural, mountainous area. Xiamen, or Amoy, is a major city on the southeast coast of China. The company was founded in 1924 to provide purified water supply to the city. Lovely piece. 1934
Condition Report: VG
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Lot 40: BANQUE FRANCO-CHINOISE POUR LE COMMERCE & L'INDUSTRIE S.A.
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Description: CHINA-PARIS. Action Ordinaire de F500 "O". blue, green, black. #10000. No 9748. Formed in 1922 after the crisis at the Banque Industrielle de Chine, to provide a French bank to recover as much as possible of the assets of that bank, and to promote French commercial interests in the area. The only formal link between the two banks was a management contract. The BIC supplied F50 million as working capital, together with premises for working; the new bank acquired the clientele, contacts and experience. It was able to conduct business on its own account, also, and had profitable branches in France, China and Indochina. 15 November 1938
Condition Report: EF
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Lot 41: BANQUE FRANCO-CHINOISE POUR LE COMMERCE & L'INDUSTRIE S.A.
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Description: CHINA-PARIS. Cert. d'Actions Nominatives de F500, unissued. brown, buff. See previous lot. 192.
Condition Report: EF
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Lot 42: BANQUE INDUSTRIELLE DE CHINE S.A.
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Description: CHINA-PARIS. Action de Fondateur de F500. blue, black. #3000. No 2279. This bank was founded to rival the powerful Banque de l'Indochine. Founded in 1913 in Peking, it quickly obtained the concession for several important public works in Peking and in some Chinese ports. During WWI, the bank expanded quickly, offering very favourable rates of interest to its clients. After the war, the Banque de l'Indochine counterattacked and by 1921, the Banque Industrielle de Chine was in serious difficulties. Two years later, they were bankrupt. In the meantime however, the bank had printed some of the prettiest of all scripophily shares with a great and imaginative view of Beijing, and a border of pagodas, dragons, etc. Text in French & Chinese. The piece offered here is the rare founder share. 1913
Condition Report: VF-EF
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Lot 43: BANQUE INDUSTRIELLE DE CHINE S.A.
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Description: CHINA-PARIS. Cert. d'Actions Ord. Nominatives F500. blue, buff. No 7372. One heavy fold. This is a rare type of this famous bank. See previous lot. 7 March 1920
Condition Report: VF
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Lot 44: BANQUE INDUSTRIELLE DE CHINE S.A.
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Description: CHINA-PARIS. Bon de Répartition, Bon de F500. green, black. No 38961. A bon for a share of the payment at 100% but without interest, of the debts of the Banque Industrielle de Chine, after its bankruptcy. 1923
Condition Report: EF
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Lot 45: BANQUE INDUSTRIELLE DE CHINE S.A.
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Description: CHINA-PARIS. Cert.d'Actions Ordinaires Nominatives de F500. brown, black. No 109086. A few black stains at the top border. Central fold and one small tear. Beautiful left border with Chinese allegorical motives. Rare type. 24 February 1931
Condition Report: VF
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Lot 46: CHILDREN'S BOOK CO. LTD
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Description: CHINA-Share. red, buff, black. No 264. Two perforation holes. Plain certificate. 1955
Condition Report: VF
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Lot 47: CHINA COMMERCIAL AND DEVELOPMENT CO., LTD
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Description: CHINA-HONG KONG. Preferred Shares of $100 U.S. Gold, specimen. blue, black. Early specimen printed by the Franklin Lee Division of American Bank Note Oc. Unusual piece, shows a lady Mercury by a ship in the port of Hong Kong, where the company was incorporated. 1920s?
Condition Report: UNC
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Lot 48: CHINA TECHNICAL SERVICES CORP.
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Description: CHINA-NEW YORK. Warrant for Shares of Common Stock, specimen. orange, black. In 1981, the company made a deal with the Japanese firm NEC to manufacture computers in Beijing. 1986
Condition Report: EF
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Lot 49: CHINESE ENGINEERING AND MINING CO.
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Description: CHINA-LONDON. Share Warrant for 25 Shares of £1. purple, black. No 3881. Generally worn condition with trimmed bottom and staining at the top as well as a few small holes (above the printed part of the certificate). Showing a miner with a Chinese background of junk and pagoda. Text in English and French. The company was formed to acquire the business of a Chinese company formed in 1878. The main assets were 3 mines in the Kaiping coalfield, near Peking, a shipping line with 6 ships, docks in various Chinese ports, and the harbour of Chinwangtao, also near Peking. 15 October 1912
Condition Report: F-VF
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Lot 50: COUNTRY CLUB, BUBBLING WELL ROAD
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Description: CHINA-SHANGHAI. Debenture Certificate of 100 Taels Shanghai. blue, red. No 351. Folds. Part of a loan raised from the shareholders of the club, in 1901. Most names are English. Bubbling Well Road is now Nanjin Road. The club was purely social. The grounds were laid out with lawns, flower-beds, swimming-pool and tennis courts. 1901
Condition Report: VF
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