Deferred Shares of 1 Shilling. green. No 36. Folds and some pin-holes. Formed London, 1912 with a capital of £250,000. This was a "syndicate" of bankers and financers: HSBC, Bank of Liverpool & Martins, Yokohama Specie Bank, International Banking Corp., the Asia Banking Corp. and the Chinese Bank for Industry & Communications. It was best known for providing, in 1922, two foreign loans to the provincial government of Guangdong. One, for £2 million, was to construct and operate a tramway system in Canton, and to improve the city water and telephone systems. The second loan, for the same amount, would supply the provincial government with silver coins to stabilize the value of the Guangdong's bank notes. Liquidated in 1939, with about 1 shilling returned on each of the £1 shares. Never before seen by us.
Themes: BANK & FINANCE, RAILROADS
CHINA, FRANCE, GREAT BRITAIN
Date: 23 October 1912
Startprice: € 500