Document Features

1. Languages: The document is written in French and English, highlighting its use in international markets.

2. Interest Rate: The loan offers an annual interest rate of 8%, which was quite high for government loans of the time.

3. Loan Value: The first series of this loan amounted to £800,000, with individual bonds issued for £20 each.

4. Design and Symbolism:

   • Blue and Red Colors: The document features prominent blue borders and red seals, symbols of prosperity and authority.
   • Ornate Patterns: The decorative elements include floral and geometric motifs, reflecting the aesthetic values of the period.
   • Locomotive Illustration: The top of the document shows an illustration of a locomotive, symbolizing progress and modernization.
   • Official Seals: The document is marked with several official seals and signatures, adding authenticity and legal validity to the bond.

5. Administration:

   • The loan is signed by high-ranking Chinese government officials and representatives of the Société Belge d'Enterprises en Chine, highlighting the international nature of the loan.

6. Terms and Conditions: The document includes detailed terms and conditions in French and English, outlining the rights of the bondholder and the obligations of the Chinese government.

Historical Context of the 1922 Railway Equipment Loan

In 1922, China was in the process of reconstruction and modernization following the fall of the Qing Dynasty and the establishment of the Republic of China. The republican government sought international funding to develop the railway network, crucial for stimulating trade and economic development. This loan was part of these efforts, aiming to attract foreign capital to support infrastructure projects.

The construction and development of railways were seen as essential steps in connecting different regions of China, facilitating the transport of goods and people. The loan was guaranteed by the Chinese Republic government, providing assurances to investors and demonstrating China's commitment to honoring its debts.

Conclusion

This bond is not just a financial document but also a historical artifact that sheds light on the Chinese Republic's efforts to modernize its railway infrastructure and integrate into the global economy. Collectors and historians value these documents for their historical significance and their role in China's economic history.

Tutti i documenti storici in vendita si intendono da collezione. I documenti non hanno nessun valore economico o finanziario (no economic or financial value).