The 2025 December Auction - Sale 346 (December 13 - December 16, 2025)
Sale 346
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group of five notes, each 1,200 Belgian Francs (£20), issued via Société Belge d’Entreprises en Chine; with full coupon sheets; bilingual French/English.
group of four, French issue, each 500 Francs; French-language text, ornate green borders, large red central seal “Government of the Republic of China,” with full coupon/interest talons (some with redemption slips) attached.
group of three bonds—one £100 (red) and two £20 (green)— full coupon sheets attached; together with an accompanying “Express Locomotive” printed plate.
Two Shanghai French Concession Municipal Bonds dated 1926 and 1931, respectively: the 1926 issue for 100 taels (No. 87) and the 1931 issue for 500 taels (No. 312). Both are printed in red and black, inscribed “Payable en $ C.R.B.: $1 = Tls. 1.43”, and signed by the Finance Committee member and the Secretary.
comprising a 50 Chinese Dollars share of the Compagnie Financière Belgo-Chinoise (Belgium, 1926) and a 500 Francs share of the Compagnie de la Chine et des Indes (France, 1921).
comprising a bond of the Anglo-French Land Investment Company, a First Mortgage 6% Debenture of the Asia Realty Company (Federal Inc., U.S.A.), and a stock certificate of the China Realty Company (Federal Inc., U.S.A.). Both the Anglo-French and Asia Realty bonds were issued for Tls. 1,000 each through foreign banking agents, while the China Realty stock represents 500 shares, registered under the U.S. China Trade Act and bearing the company’s embossed seal.
with face values of $100 and $1,000 respectively. Each is printed with an ornate orange-gold border and a central vignette of the Shanghai Municipal Council building, bearing a red embossed seal and manuscript signatures of the Treasurer and Accountant. These loans were secured by annual revenue from the International Settlement and used to finance municipal works, roads, and infrastructure projects, with full terms and conditions printed on the reverse.
£20 denominations green x 1 and brown x 3, issued by the Six-Power Consortium (Britain, France, Germany, Russia, Japan, and the U.S.) and printed by Waterlow & Sons, London. In green and brown designs with large vermilion “Chinese Government” seal and coupon sheets.
including two £20 bonds of 1912. Comprising the 1903 Imperial Chinese Government 5% Gold Loan, a £100 Treasury Note, and the 1912 and 1914 Chinese Government 5% Gold Loans, each with complete coupon sheets and redemption tables.
appointing Zhang Jingquan as Major General and Deputy Division Commander of the 12th Division, 1st Army, Central Advance Army. Signed and stamped by Zhu Anshi of the Central Advance Army. Well-preserved with clear handwriting and official seals, this document represents an important military appointment during the early stage of the Chinese Civil War, offering valuable insight into the organizational and personnel structure of the Central Advance Army at that time.
including a Meritorious Award for River Management, a Civilian Identification Certificate issued by the Headquarters of the Jiliao Border Defense Command, and an Official Instruction from the Police Administration of the Eastern Special District. Each document bears official seals and signatures, reflecting the administrative, military, and policing practices in Northeast China during the Republican period. Well-preserved and of significant historical and archival value, these documents provide valuable insight into regional governance and social conditions in Manchuria during the 1930s and 1940s.
addressing matters related to a dispute involving foreign missionaries and foreign diplomatic intervention. The text references communications with the Ministry of Foreign Affairs and mentions French consular involvement and the dispatch of naval vessels. It urges local merchants and residents to remain calm, not to believe in rumors, and to maintain social order. Well-preserved with neat calligraphy, this document provides valuable historical insight into Sino-foreign relations and local governance during the late Qing period.