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Chinese Mining & Railway Bond/Stock 1900-1903 [176565]

Currency:USD Category:Coins & Paper Money / Stock & Bond - World Start Price:125.00 USD Estimated At:250.00 - 450.00 USD
Chinese Mining & Railway Bond/Stock 1900-1903 [176565]
SOLD
130.00USDto 8*************e+ buyer's premium (32.50)
This item SOLD at 2024 Apr 13 @ 13:12UTC-7 : PDT/MST
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Lot of Two 1. #G10362, U/U, dateline 19__, two shares @ £1 ea. Brown border, vignette top center Chinese miner w/allegorical male ,ship and industry background. 20 coupons attached. Waterlow & Sones printers. Cert. is in overall excellent condition, some alight ragging around edges.
2. Chinese Imperial Railway started in 1900 a joint British and Chinese Corp.. #00509, I/U, 5% gold loan bond @ £100 issued July 9, 1903 and due in 1953. Facsimile
signatures of Director General Sheng-Kung Pao', Rose border w/£100 on each side, no vignette , 35 coupons attached, one imprinted Ten Schillings revenue stamp. No printer ID. Overall cond shows it's age some edge ragging, discoloration, some small holes.
Originally formed with foreign capital in 1879 to mine coal for merchant steamships and the Imperial Chinese Navy. A tram line between the mine and the canal Hai He developed around 1900 into the Imperial Railway of China and later into the Jungha Railway by Sir John Wolfe-Barry and Lt. Col Arthur John Barry. The company formerly charted in 1900 and reformed in 1912 in London. Due to the Chinese Civil war ending in 1949 the mining was halted and the company later dissolved in1984. In 1900 the Boxer rebellion broke out trapping foreign families in China, one noted family was a young mining engineer Herbert Hoover, Chief Engineer for Bewick, Moering & Co.. The rebellion offered Hoover and his assoc. an opportunity and they were able to protect the mine from being destroyed by reorganizing the Chinese Engineering and Mining Co. as a British corp. As result Hoover was able to mass his personal fortune. China Ken Prag Collection