Lot 4007
China - Republic. 3-Piece Set of Military Treasury Bonds issued by Ministry of Finance, 1927. Consist of: 1 Dollar, PMG AU-55 Net, S/M # T182-1; 5 Dollars, PMG Choice AU-58, S/M # T182-2; 10 Dollars, PMG AU-55, S/M # T182-3. All notes are lightly circulated but no crease or damage. Rare and unlisted in Pick. A lot of 3 notes.
The decade from 1927 to 1937 was called the "Golden 10 Years" of the Republic of China. The wars and civil conflicts since 1840 stopped temporarily in these 10 years. China got a chance to rebuild the domestic economy and modernize the industrial structure. During this period of time, Shanghai emerged to be the new financial center of Far East. Due to the recovery of the domestic economy, the confidence of investors came back, and bonds and other financial products issued by the government or other financial institutions started to become popular.
The 3 bonds offered here were issued at the beginning of this great recovery, with the signature of the famous finance minister T. V. Soong (also known as Song Ziwen or Paul Soong), who earned international reputation for financing the American Mercenary Group --- the "Flying Tigers" during the later war against Japan. Would be great addition to collectors who loves the fascinating history of Republic of China.
Estimated Value $400-UP.
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