China Historic Bonds

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1925 SKODA £10

1925 SKODA £10 Image

CHB Ref: 1925/8SKO2/£10/SIB
Kuhlmann: 701

1925 - 8% Skoda Loan II

Capital: £6,866,045

Denomination:
£10
No Issued: 4,604
Serial From: 3,402 - 8,005
Arrangers: Sino-Italian Bank

Dimensions of the Bond:
380 x 265 mm

This loan was issued in consequence to agreements made in 1922 and 1925 between the Chinese Ministry of Finance and the Sino-Italian Bank acting on behalf of the bond holders of the succession loans to the Skoda Loan I in 1911 , which was also known as “Arnhold Karberg and Austrian Loans”. For every £100 due on the 1911 Skoda Loan I, bonds to the face value of £150 were issued of the new Skoda Loan II.

Bonds of all denominations were distinguished by their redemption dates, being 10 different dates annually from 31st Dec 1925 to 1934. These Bonds have different coupon sets depending upon the date of redemption. The earliest bonds to be redeemed would have one coupon, while the next bonds in the sequence would have three coupons. The number of coupons attached to particular bond would therefore be either 1, 3, 5, 7, 9, 11, 13, 15, 17 or 19. Details on the actual bond give the serial numbers of the bond issues and their respective dates of redemption.

The loan was secured mainly by taxes on transfer of property and title deeds and Peking Octroi. The loan was also guaranteed by the Government of the Republic of China. The coupons were payable at Credito Italiano or J. Hambro & Sons in London on 30th June and 30 December each year. This loan is outstanding and in default.

Your Price:$199.00
Weight:0.030 kg
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