Bond of 10 yuan. brown, yellow, red, black. No 20689. Several pin-holes in the border and two repaired tears where the coupons start. Issued to pay the employee wages. Peiping is an old name of Peking/Beijing. Indeed, when the Kuomintang made Nanking the country's capital in 1928, they renamed the old capital Peiping. Many people in Taiwan continued to use this name for Peking until the 1960s.