{"product_id":"1922-republic-of-china-8-railway-equipment-loan-bond-20-with-passco-coa","title":"1922 Republic of China – 8% Railway Equipment Loan Bond – £20 With PASSCO COA","description":"\u003cp\u003e\u003cmeta charset=\"UTF-8\"\u003e\u003cstrong\u003eWe are Lapo Numismatics,\u003c\/strong\u003e\u003cspan\u003e We supply collectors with 100% original historical bonds, banknotes, collectibles and antiques, at the best price and in the shortest possible time.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cmeta charset=\"UTF-8\"\u003e \u003cstrong\u003eProduct Details: \u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cmeta charset=\"UTF-8\"\u003e\u003c\/p\u003e\n\u003cp\u003ePASSCO Certificate of Authentication\u003c\/p\u003e\n\u003ch2 data-start=\"0\" data-end=\"99\"\u003e🇨🇳 \u003cstrong data-start=\"10\" data-end=\"99\"\u003e1922 Republic of China – 8% Railway Equipment Loan Bond – £20\u003c\/strong\u003e\n\u003c\/h2\u003e\n\u003cp data-start=\"101\" data-end=\"535\"\u003eThe \u003cstrong data-start=\"105\" data-end=\"177\"\u003e1922 Republic of China 8% Railway Equipment Loan Bond – £20 Sterling\u003c\/strong\u003e 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.\u003c\/p\u003e\n\u003cp data-start=\"537\" data-end=\"703\"\u003eThis original bond is accompanied by a \u003cstrong data-start=\"576\" data-end=\"617\"\u003ePASSCO Certificate of Authentication\u003c\/strong\u003e, providing professional verification of its authenticity and historical significance.\u003c\/p\u003e\n\u003chr data-start=\"705\" data-end=\"708\"\u003e\n\u003cp data-start=\"710\" data-end=\"736\"\u003e🏛️ \u003cstrong data-start=\"714\" data-end=\"736\"\u003eHistorical Context\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"738\" data-end=\"900\"\u003eDuring the early 1920s, the Republic of China was actively pursuing modernization projects aimed at strengthening the nation's economy and transportation network.\u003c\/p\u003e\n\u003cp data-start=\"902\" data-end=\"941\"\u003eRailways were considered essential for:\u003c\/p\u003e\n\u003cp data-start=\"943\" data-end=\"1082\"\u003e• Economic development\u003cbr data-start=\"965\" data-end=\"968\"\u003e• Industrial growth\u003cbr data-start=\"987\" data-end=\"990\"\u003e• National integration\u003cbr data-start=\"1012\" data-end=\"1015\"\u003e• Commercial expansion\u003cbr data-start=\"1037\" data-end=\"1040\"\u003e• Military and governmental transportation\u003c\/p\u003e\n\u003cp data-start=\"1084\" data-end=\"1299\"\u003eTo finance these improvements, the government authorized the \u003cstrong data-start=\"1145\" data-end=\"1176\"\u003e1922 Railway Equipment Loan\u003c\/strong\u003e, raising funds specifically for the purchase of locomotives, rolling stock, railway materials, and related infrastructure.\u003c\/p\u003e\n\u003chr data-start=\"1301\" data-end=\"1304\"\u003e\n\u003cp data-start=\"1306\" data-end=\"1350\"\u003e🚂 \u003cstrong data-start=\"1309\" data-end=\"1350\"\u003ePurpose of the Railway Equipment Loan\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"1352\" data-end=\"1402\"\u003eThe proceeds of the loan were intended to support:\u003c\/p\u003e\n\u003cp data-start=\"1404\" data-end=\"1624\"\u003e• Acquisition of modern railway equipment\u003cbr data-start=\"1445\" data-end=\"1448\"\u003e• Expansion of railway capacity\u003cbr data-start=\"1479\" data-end=\"1482\"\u003e• Improvements to existing rail networks\u003cbr data-start=\"1522\" data-end=\"1525\"\u003e• Increased freight and passenger transportation\u003cbr data-start=\"1573\" data-end=\"1576\"\u003e• Modernization of China's transportation system\u003c\/p\u003e\n\u003cp data-start=\"1626\" data-end=\"1743\"\u003eAt the time, railway development was viewed as one of the most important investments for the country's future growth.\u003c\/p\u003e\n\u003chr data-start=\"1745\" data-end=\"1748\"\u003e\n\u003cp data-start=\"1750\" data-end=\"1781\"\u003e💷 \u003cstrong data-start=\"1753\" data-end=\"1781\"\u003eKey Features of the Bond\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"1783\" data-end=\"2141\"\u003e\u003cstrong data-start=\"1783\" data-end=\"1801\"\u003eOfficial Name:\u003c\/strong\u003e Republic of China Railway Equipment Loan of 1922\u003cbr data-start=\"1850\" data-end=\"1853\"\u003e\u003cstrong data-start=\"1853\" data-end=\"1870\"\u003eDenomination:\u003c\/strong\u003e \u003cstrong data-start=\"1871\" data-end=\"1887\"\u003e£20 Sterling\u003c\/strong\u003e\u003cbr data-start=\"1887\" data-end=\"1890\"\u003e\u003cstrong data-start=\"1890\" data-end=\"1908\"\u003eInterest Rate:\u003c\/strong\u003e \u003cstrong data-start=\"1909\" data-end=\"1931\"\u003e8% Annual Interest\u003c\/strong\u003e\u003cbr data-start=\"1931\" data-end=\"1934\"\u003e\u003cstrong data-start=\"1934\" data-end=\"1949\"\u003eIssue Year:\u003c\/strong\u003e 1922\u003cbr data-start=\"1954\" data-end=\"1957\"\u003e\u003cstrong data-start=\"1957\" data-end=\"1968\"\u003eIssuer:\u003c\/strong\u003e Government of the Chinese Republic\u003cbr data-start=\"2003\" data-end=\"2006\"\u003e\u003cstrong data-start=\"2006\" data-end=\"2017\"\u003eSeries:\u003c\/strong\u003e First Series of £800,000\u003cbr data-start=\"2042\" data-end=\"2045\"\u003e\u003cstrong data-start=\"2045\" data-end=\"2069\"\u003eCurrency Equivalent:\u003c\/strong\u003e 1,200 Belgian Francs\u003cbr data-start=\"2090\" data-end=\"2093\"\u003e\u003cstrong data-start=\"2093\" data-end=\"2112\"\u003eAuthentication:\u003c\/strong\u003e PASSCO Certificate Included\u003c\/p\u003e\n\u003chr data-start=\"2143\" data-end=\"2146\"\u003e\n\u003cp data-start=\"2148\" data-end=\"2178\"\u003e🌍 \u003cstrong data-start=\"2151\" data-end=\"2178\"\u003eInternational Financing\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"2180\" data-end=\"2327\"\u003eThis bond was structured for international investors and reflects the global nature of infrastructure financing during the early twentieth century.\u003c\/p\u003e\n\u003cp data-start=\"2329\" data-end=\"2354\"\u003eNotable features include:\u003c\/p\u003e\n\u003cp data-start=\"2356\" data-end=\"2604\"\u003e• Sterling denomination for foreign investors\u003cbr data-start=\"2401\" data-end=\"2404\"\u003e• Multilingual presentation in English and French\u003cbr data-start=\"2453\" data-end=\"2456\"\u003e• International financial participation\u003cbr data-start=\"2495\" data-end=\"2498\"\u003e• Railway revenue-backed financing structure\u003cbr data-start=\"2542\" data-end=\"2545\"\u003e• European distribution through Belgian financial interests\u003c\/p\u003e\n\u003cp data-start=\"2606\" data-end=\"2713\"\u003eSuch international offerings helped attract foreign capital needed for large-scale infrastructure projects.\u003c\/p\u003e\n\u003chr data-start=\"2715\" data-end=\"2718\"\u003e\n\u003cp data-start=\"2720\" data-end=\"2760\"\u003e🎨 \u003cstrong data-start=\"2723\" data-end=\"2760\"\u003eExceptional Design \u0026amp; Presentation\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"2762\" data-end=\"2799\"\u003eThis remarkable certificate features:\u003c\/p\u003e\n\u003cp data-start=\"2801\" data-end=\"3075\"\u003e• Beautiful blue engraved border design\u003cbr data-start=\"2840\" data-end=\"2843\"\u003e• Detailed locomotive vignette symbolizing railway modernization\u003cbr data-start=\"2907\" data-end=\"2910\"\u003e• Large official Chinese seals and revenue stamps\u003cbr data-start=\"2959\" data-end=\"2962\"\u003e• Original handwritten signatures\u003cbr data-start=\"2995\" data-end=\"2998\"\u003e• Multilingual text in English and French\u003cbr data-start=\"3039\" data-end=\"3042\"\u003e• Extensive attached coupon sheet\u003c\/p\u003e\n\u003cp data-start=\"3077\" data-end=\"3222\"\u003eThe striking blue color palette and railway imagery make this one of the most visually attractive Chinese railway bonds of the Republican period.\u003c\/p\u003e\n\u003chr data-start=\"3224\" data-end=\"3227\"\u003e\n\u003cp data-start=\"3229\" data-end=\"3259\"\u003e📜 \u003cstrong data-start=\"3232\" data-end=\"3259\"\u003eHistorical Significance\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"3261\" data-end=\"3282\"\u003eThis bond represents:\u003c\/p\u003e\n\u003cp data-start=\"3284\" data-end=\"3564\"\u003e✔ Early Republican Chinese infrastructure development\u003cbr data-start=\"3337\" data-end=\"3340\"\u003e✔ The modernization of China's railway system\u003cbr data-start=\"3385\" data-end=\"3388\"\u003e✔ International investment in Chinese transportation projects\u003cbr data-start=\"3449\" data-end=\"3452\"\u003e✔ Historic railway finance and engineering history\u003cbr data-start=\"3502\" data-end=\"3505\"\u003e✔ A key chapter in the economic development of modern China\u003c\/p\u003e\n\u003cp data-start=\"3566\" data-end=\"3744\"\u003eRailway bonds remain among the most desirable categories of Chinese historical securities due to their direct connection to the country's industrial and transportation evolution.\u003c\/p\u003e\n\u003chr data-start=\"3746\" data-end=\"3749\"\u003e\n\u003cp data-start=\"3751\" data-end=\"3780\"\u003e🔍 \u003cstrong data-start=\"3754\" data-end=\"3780\"\u003ePASSCO Authentication\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"3782\" data-end=\"3922\"\u003eIncluded with this bond is a \u003cstrong data-start=\"3811\" data-end=\"3852\"\u003ePASSCO Certificate of Authentication\u003c\/strong\u003e, providing professional examination and verification of authenticity.\u003c\/p\u003e\n\u003cp data-start=\"3924\" data-end=\"4000\"\u003eThe certificate further enhances the bond's provenance and collector appeal.\u003c\/p\u003e\n\u003chr data-start=\"4002\" data-end=\"4005\"\u003e\n\u003cp data-start=\"4007\" data-end=\"4029\"\u003e⭐ \u003cstrong data-start=\"4009\" data-end=\"4029\"\u003eCollector Appeal\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"4031\" data-end=\"4062\"\u003eCollectors value this bond for:\u003c\/p\u003e\n\u003cp data-start=\"4064\" data-end=\"4284\"\u003e✔ Railway history significance\u003cbr data-start=\"4094\" data-end=\"4097\"\u003e✔ Attractive locomotive artwork\u003cbr data-start=\"4128\" data-end=\"4131\"\u003e✔ Original attached coupons\u003cbr data-start=\"4158\" data-end=\"4161\"\u003e✔ Large official Chinese seals\u003cbr data-start=\"4191\" data-end=\"4194\"\u003e✔ International financing history\u003cbr data-start=\"4227\" data-end=\"4230\"\u003e✔ PASSCO authentication\u003cbr data-start=\"4254\" data-end=\"4257\"\u003e✔ Excellent display quality\u003c\/p\u003e\n\u003cp\u003e\u003cmeta charset=\"UTF-8\"\u003e\u003cstrong\u003eThis is a secure site, we are members of:\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan\u003e- \u003c\/span\u003e\u003cspan style=\"font-weight: 400;\"\u003eAmerican Numismatic Association\u003cbr\u003e- PMG\u003c\/span\u003e\u003c\/p\u003e","brand":"Lapo Numismatics","offers":[{"title":"Default Title","offer_id":49143932780852,"sku":null,"price":399.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0757\/4968\/7604\/files\/1922_RAILWAY_BOND.jpg?v=1780513486","url":"https:\/\/laponumismatics.com\/products\/1922-republic-of-china-8-railway-equipment-loan-bond-20-with-passco-coa","provider":"Lapo Numismatics","version":"1.0","type":"link"}