Lot# 1622

The 2025 December Auction - Sale 346 (December 13 - December 16, 2025)   December 13 - December 16 2025, Hong Kong

Lot# 1622
Starting Price: 1,000 HK$
Hammer Price: 1,000 HK$
A group of 5 Lung Tsing U Hai Railway Loan Bonds,

comprising two 1913 £20 bonds (with main bonds and coupon sheets attached) and three 1921 500 Francs bonds (main bonds and coupons stapled together). These bonds are important historical records of early Chinese foreign loans, beautifully printed with bilingual French and English text, some featuring red seals and ornate decorative borders. The paper is thick and well-preserved, with crisp printing details that reflect the financial collaboration between China and foreign powers during the early Republic era. Overall in good condition, highly collectible and