Imperial Chinese Government, 5% Hukuang Railways Gold Loan of 1911, bond for 20pounds serial number 953, issued by HSBC, red and black, large format piece piece, ornate borders, steam train at top, red seal of Sheng Xuan Huan bottom left and Seal of The Republic of China bottom right,about fine, few small tears left border, scarce issue, only 2500 issued and 2338 outstanding (Kuhlman)
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