TONKIN. HAIPHONG. Action de F100. red, yellow, black. #18000. No 14000. See also previous lot. This is a somewhat later issue, bringing the company capital from 900.000 francs to 1,8 mio. frs. Entirely different design. Also with some Chinese text at the top.
Datum: 13 September 1927
Startprijs: € 30