1913 Government Chinese Republic – 5 ½% Province of Petchili Gold Loan – £20 with PASSCO COA
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Product Details:
1924 German External Loan – 7% Gold Bond – $1,000 – With Coupons
With Passco Certificate of Authentication
🇨🇳 1913 Government of the Chinese Republic – 5½% Province of Petchili Gold Loan – £20
The 1913 Province of Petchili (Zhili) Gold Loan – 5½% Bond – £20 Sterling is a rare and historically significant Chinese provincial bond issued during the formative years of the Republic of China. Backed by the Province of Petchili, the political heartland surrounding Peking (Beijing), this loan represents one of the important regional financing efforts undertaken during China's transition from imperial rule to a modern republic.
🏛️ Historical Context
Following the collapse of the Qing Dynasty in 1911, China entered a period of political restructuring and economic modernization under the newly established Republic.
During this era, both the central government and provincial administrations sought foreign capital to fund infrastructure, public works, and administrative reforms.
The Province of Petchili Gold Loan of 1913 was issued to:
• Strengthen provincial finances
• Support modernization projects
• Finance public infrastructure and development
• Promote economic growth within one of China's most strategically important provinces
At the time, Petchili Province included the area surrounding the national capital and was among the most influential regions in China.
💷 Key Features of the Bond
Official Name: Government of the Chinese Republic – Province of Petchili Gold Loan of 1913
Denomination: £20 Sterling
Interest Rate: 5½% annual interest
Issue Year: 1913
Issuer: Province of Petchili (Zhili), Republic of China
Type: Gold Loan Bond
Language: English and French
Purpose: Provincial development and financial reorganization
🌐 International Financing
Like many Chinese loans of the early twentieth century, the Petchili Gold Loan was marketed internationally to attract foreign investors.
The bonds were distributed through European financial institutions and were designed to appeal to international capital markets by:
• Being denominated in Sterling
• Carrying a fixed gold-backed interest rate
• Including multilingual text for foreign investors
• Featuring internationally recognized financial controls and trustees
These features helped position the bond within the global investment markets of the period.
📜 Historical Significance
The Province of Petchili Gold Loan is particularly desirable among collectors because it represents:
✔ The early years of Republican China
✔ Provincial financing during a transformative era
✔ International investment in China's modernization
✔ A tangible connection to pre-war global finance
✔ Rare Chinese provincial sovereign debt history
Many surviving examples are increasingly difficult to locate, particularly those retaining large portions of their original coupon sheets.
🎨 Exceptional Design
This impressive certificate features:
• Large engraved decorative borders
• Official Chinese seals and government stamps
• Multilingual printing in English and French
• Original handwritten signatures
• Extensive attached coupon sheet for future interest payments
The combination of intricate engraving and historic Chinese government seals makes this one of the most visually striking Chinese bonds of the Republican era.
🔍 Collector Appeal
Collectors highly value examples with:
• Original coupons attached
• Clear signatures and official seals
• Strong paper preservation
• Attractive display qualities
The large format and elaborate artwork make this bond an outstanding museum-quality display piece.
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- American Numismatic Association
- PMG
