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The securities issued for this loan were known as 'Cartelle' and had an interest rate of 5%. The Folders were bearer bonds, meaning they could be transferred from hand to hand without the need to be registered with a financial institution. This feature made them easily tradable on the market.
The engraving on the historical bonds of the Land Reform Loan was made by Mario Colombini, while the drawing was made by E. Filippi. Unfortunately, I have no detailed information on the specifics of the engraving or drawing in question.
The purpose of the loan issue was to finance land reform through the involvement of Italian citizens who wished to invest in the sector. This allowed private individuals to support the land reform work and at the same time obtain a financial return through the interest paid on the loan.
It is important to note that the 5% fixed-rate loan was redeemable, meaning that the Italian government was obliged to repay the principal and interest to the holders of the folders at the agreed maturity. The repayment period and specific terms may vary depending on the contract signed between the government and the borrowers.
The Folders issued for this loan thus represent an important chapter in Italy's financial history, as they supported one of the most significant land reform programmes in the country.
