TIENTSIN. Part de Fondateur. blue. #600. No 190. Central fold. Text in French but printed by Tageblatt für Nord-China GMBH (thus a German printer). Incorporated in the French consulate of Tientsin in 1911 with a capital of $200,000. Tientsin, or Tianjin as it is known today, is a coastal metropolis in Northern China with a population of almost 14 mio. people. It was one of China's open ports in the late 19th and early 20th century with major European influence, and businesses, as evidenced by this company. Certainly extremely rare.