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1913 REORG £20 BIC

1913 REORG £20 BIC Image

CHB Ref: 1913/5REOG/£20/BIC
Kuhlmann: 302

1913 - 5% Reorganisation Loan

Capital: £25,000,000

£20 (RBL189.4)
No Issued: 370,833
Serial From: 215,835-586,667
Arrangers: Banque de l'Indochine

Dimensions of the Bond:
455 x 330 mm

A total of £25,000,000 was floated by a consortium of banks from Britain, France, Germany, United States of America, Russia and Japan at 90%. The following amounts were floated by respective banks:

- £7,416,680 by the Hongkong & Shanghai Banking Corporation in London together with Baring Brothers, London County & Westminster Bank, Parr's Bank and Henry Schroder & Co.
- £7,416,660 by the Banque de l-Indo-chine and other French banks in Paris.
- £6,000,000 by the Deutsch-Asiatische Bank and 19 other German banks in Germany.
- £1,777,780 by the Russo-Asiatic Bank in St. Petersburg and mainly in Paris.
- £1,388,880 by the Russo-Asiatic Bank in Belgium.

Japan was represented by the Yokohama Specie Bank but did not receive a separate issue which would normally be countersigned by the bank. However an arrangement was made whereby the loan amounts could be converted to Japanese into Yen and the Yokohama Specie Bank offered Bonds of the four issues in Japan.

Each of the banks made a commission of 6 % on the handling of their respective elements of the loan.

The Reorganisation Loan was secured as a direct obligation of the Government of the Republic of China and on a second charge on the Salt Gabelle and on future surplus of the Maritime Customs. Coupons were payable on 1st January and 1st July each year. This loan has been in default since July 1939.

Your Price:$349.00
Weight:0.030 kg
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