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Auction: CSS103B - Chinese Banknotes and Coins
Lot: 1115

China, ZhongShan, Tai Yau Shing Rice milling company, a certificate for one share of 100 yuan, Year 16 (1927), serial number 338, dimension: 29 x 39 cm,
very fine. Tai Yau Shing was the earliest rice milling company in ZhongShan, established in 1912 by a group of Chinese businessman who bought the machineries in HK. As rice is a stable food, rice milling is seen as very profitable. Therefore after the establishment of Tai Yau Shing, many more rice milling companies opened in the hopes of getting their share of the market. But due to prevalent typhoon and flooding in subsequent years, many quickly closed down which then caused deflation of rice prices. An important piece in early China financial history. Very rare


民國十六年中山大有成號股票壹股共壹百圓，編號338，29 x 39 公分，VF品相，大有成號是中山最早成立的碾米廠，由多位華商於1912年創立，公司機器購自香港。由於米飯需求量高，碾米被視為一門非常有利可圖的生意，因此大有成號成立後，很多的碾米廠紛紛開業，希望能分一杯羹。但隨後幾年，由於颱風和洪水氾濫，許多工廠相繼倒閉，導致米價下降。中國早期金融史上的重要史料，稀見

Sold for
HK$22,000

Starting price
HK$12000