1905年道清铁路借款公债100镑债票一枚及无息基金凭证分券一枚，债票F，有裂，分券AU；Chinese Imperial Government Honan Railway 5% Loan, bond for 100 pounds, folio number 5777, large format piece, green and yellow with black English text and coupons, only 7000printed at the time, also a fractional scrip certificate,The Honan Railway Loan of 1905 was originally for the capital sum of£700,000. However, a subsequent additional loan of £100,000 was laterarranged in 1906 on the same terms as the original loan andconsequently the total capital was increased to £800,000.The loan was issued by “…authority of an Imperial Edict of 23rd April1905 and officially communicated by the Wai Wu Pu1 to the BritishMinister at Peking, guaranteed as to principal and interest by the directobligation of the Imperial Government of China and having a first chargeupon the security of the permanent way, rolling stock and entire propertywith freight and earnings of the existing line of Railway from Taokou toChinghua in the province of Honan.”The financial institution which handled the arrangements for the issuanceof bearer bonds was the Hongkong and Shanghai Banking Corporationon behalf of the Peking Syndicate Limited, but then they weresubsequently replaced by Lloyds Bank in London and by the CharteredBank of India, Australia and China.Much later in 1936, after a renegotiated agreement or what was termeda “readjustment”, the Hongkong and Shanghai Banking Corporation wereonce again appointed as the bankers for the Peking Syndicate Limited.The illustration of these bonds clearly shows where the name of the HongKong and Shanghai Banking Corporation was deleted and an over-printnotation was added to specify “Lloyds Bank Limited”.Bearer bonds were issued at different dates as shown in the table above.Coupons were payable on 1st January and 1st July each year. Thepurpose of the loan was for the construction of a railway between Taokouto Chinghua in the Province of Honan.the bond fine, tear at central left border, the scrip almost uncirculated (2)
