1922 Republic of China – 8% Railway Equipment Loan Bond – £20 With PASSCO COA
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Product Details:
PASSCO Certificate of Authentication
🇨🇳 1922 Republic of China – 8% Railway Equipment Loan Bond – £20
The 1922 Republic of China 8% Railway Equipment Loan Bond – £20 Sterling is a rare and historically significant railway finance bond issued during the early Republican era of China. Created to fund the acquisition of modern railway equipment and support the expansion of China's transportation infrastructure, this impressive security represents one of the most important periods of railway development in twentieth-century China.
This original bond is accompanied by a PASSCO Certificate of Authentication, providing professional verification of its authenticity and historical significance.
🏛️ Historical Context
During the early 1920s, the Republic of China was actively pursuing modernization projects aimed at strengthening the nation's economy and transportation network.
Railways were considered essential for:
• Economic development
• Industrial growth
• National integration
• Commercial expansion
• Military and governmental transportation
To finance these improvements, the government authorized the 1922 Railway Equipment Loan, raising funds specifically for the purchase of locomotives, rolling stock, railway materials, and related infrastructure.
🚂 Purpose of the Railway Equipment Loan
The proceeds of the loan were intended to support:
• Acquisition of modern railway equipment
• Expansion of railway capacity
• Improvements to existing rail networks
• Increased freight and passenger transportation
• Modernization of China's transportation system
At the time, railway development was viewed as one of the most important investments for the country's future growth.
💷 Key Features of the Bond
Official Name: Republic of China Railway Equipment Loan of 1922
Denomination: £20 Sterling
Interest Rate: 8% Annual Interest
Issue Year: 1922
Issuer: Government of the Chinese Republic
Series: First Series of £800,000
Currency Equivalent: 1,200 Belgian Francs
Authentication: PASSCO Certificate Included
🌍 International Financing
This bond was structured for international investors and reflects the global nature of infrastructure financing during the early twentieth century.
Notable features include:
• Sterling denomination for foreign investors
• Multilingual presentation in English and French
• International financial participation
• Railway revenue-backed financing structure
• European distribution through Belgian financial interests
Such international offerings helped attract foreign capital needed for large-scale infrastructure projects.
🎨 Exceptional Design & Presentation
This remarkable certificate features:
• Beautiful blue engraved border design
• Detailed locomotive vignette symbolizing railway modernization
• Large official Chinese seals and revenue stamps
• Original handwritten signatures
• Multilingual text in English and French
• Extensive attached coupon sheet
The striking blue color palette and railway imagery make this one of the most visually attractive Chinese railway bonds of the Republican period.
📜 Historical Significance
This bond represents:
✔ Early Republican Chinese infrastructure development
✔ The modernization of China's railway system
✔ International investment in Chinese transportation projects
✔ Historic railway finance and engineering history
✔ A key chapter in the economic development of modern China
Railway bonds remain among the most desirable categories of Chinese historical securities due to their direct connection to the country's industrial and transportation evolution.
🔍 PASSCO Authentication
Included with this bond is a PASSCO Certificate of Authentication, providing professional examination and verification of authenticity.
The certificate further enhances the bond's provenance and collector appeal.
⭐ Collector Appeal
Collectors value this bond for:
✔ Railway history significance
✔ Attractive locomotive artwork
✔ Original attached coupons
✔ Large official Chinese seals
✔ International financing history
✔ PASSCO authentication
✔ Excellent display quality
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- American Numismatic Association
- PMG
