CHINA--REPUBLIC. Lot of (5). 1925 8% The Chinese Government (Skoda)

CHINA--REPUBLIC. Lot of (5). 1925 8% The Chinese Government (Skoda) Loan. Bonds for 5, 10, 50, 100 and 1000 Pounds. K-700 to K-703 and K-705. Extremely Fine. Signed by Li Si Hao, then Minister of Finance. A near complete set, missing the 500 pound denomination. The turmoil of the 1910s led to the default on the first Skoda Loan, issued in 1911, to purchase naval and military equipment from the Skoda Works in Bohemia and the Monfalcone Shipbuilding Yards in Italy. A deal was made in 1925 between the Minister of Finance, Li Si Hao, and the Italian Bank to finalise a new ten year replacement loan. Investors received 150 pounds for every 100 pounds owed under the original 1911 contract, plus an 8% annual interest. Estimate: $400 - $700. Provenance: From the Yang Ai Hao Collection. 1925年中國政府8%斯柯達公債債券5，10，50，100及1000鎊。五張。 由時任財政總長李思浩簽署。近乎全套，僅缺500英鎊面額。1910年代之動盪導致1911年為向波希米亞斯柯達工廠及義大利蒙法爾科內造船廠採購海軍與軍事裝備而發行之第一次斯柯達借款違約。財政總長李思浩於1925年與義大利銀行達成協議，敲定一筆為期十年之替代新借款。原1911年合約所欠每100英鎊，投資者可獲換150英鎊，另加年息8%。

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