Auction: CSS36 - Banknotes, Bonds & Shares and Coins of China and Hong Kong
1898 Chinese Imperial Government 4.5% Gold Loan, group of 9 bonds, 25 pounds (3), 50 pounds (3) and 100 pounds (3), all issued by Deutsch-Asaitische Bank, hole punch cancelled at the right border,
The Anglo-German Gold Loan of 1898 was for the capital sum of
£16,000,000. The loan was:
“…authorised by Imperial Edict of 2nd March 1898 officially
communicated by the Tsung-Li-Yamen1 to the British and German
Legations in Peking secured upon the revenues of the Imperial
Maritime Customs of the Treaty Ports of China and also by a first
Charge upon the Lekin2 revenues of certain Ports and Districts of
China and having priority over any future Loans, Charges and
The participating financial institutions which handled the
arrangements for the issuance of bearer bonds against the loan and
countersigned the bonds were the Hongkong and Shanghai Banking
Corporation in London and the Deutsch-Asiatische Bank in Berlin.
Each bank was responsible for £8,000,000 and received commission
of 7% for handling this loan . Bearer bonds were offered at 90% in
London and Berlin and issued in various denominations by these
two banks as per the tables shown above.
The agreement was witnessed by His Excellency Sir Chih Chen Lo-
F.ng Luh K.C.V.O, Envoy Extraordinary and Minister Plenipotentiary
of His Majesty the Emperor of China to Her Majesty, Queen Victoria
of the United Kingdom of Great Britain and Ireland, Empress of India
and by His Excellency Lu Tajen Envoy Extraordinary and Minister
Plenipotentiary of His Majesty the Emperor of China to His Majesty
the German Emperor.
Coupons were payable on 1st March and 1st September each year.
(K081, K08 and K085), fine to very fine (9)