1908年津浦铁路债券100镑债票4枚，橙色息票，VF。1908 - 5% Tientsin-Pukow Railway Loan, group of 4 bonds for 100 pounds, The Tientsin-Pukow Railway Loan of 1908 was for the capital sumof £5,000,000. The loan was “…authorised by Imperial Edict of 13thJanuary 1908 officially communicated by the Wai Wu Pu1 to theMinisters of Great Britain and Germany in Peking. Guaranteed asto principal and interest by the direct obligation of the ImperialGovernment of China and secured by a first charge upon certainprovincial revenues of the provinces of Chili, Shantung and Kiangsu.”The participating financial institutions which handled thearrangements for the issuance of bearer bonds against the loan andwhich counter-signed the bonds were the Hongkong and ShanghaiBanking Corporation in London and the Deutsch-Asiatische Bank inBerlin. The Hongkong and Shanghai Banking Corporation wasresponsible for 37% of the loan, while the Deutsch-Asiatische Bankwas responsible for 63%. Bearer bonds were offered at 98½% inLondon and Berlin during 1908 and again in London and Berlin at100% in 1909. The various denominations issued by these two banksare as detailed in the tables above.The purpose of the loan was for the construction of a railway froma location close to Tientsin which would connect the ImperialRailways of Northern China to Ihsien near Baoding and the southernfrontier of Shantung province, and from Ihsien to a location nearPukow on the Yangtsze River.Coupons were payable on 1st April and 1st October each year.very fine (4)
