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1925 LTUH SCRIP

1925 LTUH SCRIP Image

1925 Lung-Tsing-U-Hai Franctional SCRIP Certificate.

The certificate is for denomination of one sixteenth of a Fr.500 bond.

42,500 bonds issued under the 1925 Lung-Tsing-U-Hai Railway Loan were offered in exchange for 40,000 bonds of the 7% Treasury Bonds of 1919.
The exchange-rate was 17 bonds of the denomination Fr.500 of the new 8% Lung-Tsing-U-Hai Railway Loan of 1925 against surrender of 16 of the 7 % Treasury Bonds of 1919.
The Fractional SCRIP Certificate shown opposite is for the face-value of one-sixteenth of a Fr.500 bond of the 1925 Lung-Tsing-U-Hai Railway Bonds and was therefore valued at Fr.31.25

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