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The main purpose of these bonds was to finance the Italian public debt, allowing the state to obtain funds to cover public expenses and promote economic development. The bonds were redeemable at 5%, which meant that the holders of the folders received an annual interest of 5% on the invested capital.
The specific mention of the Cathedral of San Giusto in Trieste in the document may indicate that the image of the cathedral was depicted on the folder itself or on the certificate of title. This type of depiction was common on public debt securities issued in many countries, as it provided a distinctive visual element and often represented an important cultural or historical landmark of the issuing region.
The Cathedral of San Giusto is a remarkable religious building located in the city of Trieste in north-eastern Italy. It is dedicated to Saint Just, the patron saint of the city, and is one of the main architectural and cultural symbols of Trieste. Its construction dates back to the 13th century and features a combination of architectural styles, including Romanesque, Gothic and Renaissance.
The bearer bonds of the 1955 Trieste 5% Redemptible National Loan had the characteristic of being easily transferable, as they could be traded without the need for registration or registered letterheads. This meant that the securities could be bought or sold by anyone and represented a relatively liquid investment for the holders.
