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HK$200
SPINK CHINA
BONDS AND SHARE CERTIFICATES OF CHINA AND HONG KONG
B o n d s a n d S h a r e C e rt i f i c at e s of c h i n a a n d h o n g k o n g
9/F Malaysian Consulate Building 50 Gloucester Road www.spink.com © Copyright 2012
Hong Kong
14 January 2012 • Hong Kong
STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES
14 January 2012 • Hong Kong
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Group Chairman and CEO Olivier D. Stocker Your Specialists Stamps UK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill Granger Paul Mathews Dominic Savastano USA - Chris Anderson George Eveleth Andrew Titley Ed Robinson Europe - Guido Craveri Fernando Martinez China - Anna Lee Coins UK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKay Arthur Bryant John Pett George Champ USA - Stephen Goldsmith Matthew Orsini Normand Pepin Greg Cole Banknotes, Bonds & Shares UK - Barnaby Faull Mike Veissid Andrew Pattison USA - Stephen Goldsmith Matthew Orsini Orders, Decorations, Medals & Militaria UK - Mark Quayle Oliver Pepys Books UK - Philip Skingley Alex Smith Autographs USA - Robert Litzenberger Wines China - Anna Lee Your Europe Team (London - Lugano) Chairman’s Office Dennis Muriu Monica Kruber Directors Tim Hirsch Anthony Spink Auction & Client Management Team Emily Johnston Miroslava Adusei-Poku Luca Borgo Phillipa Brown Tom Smith Finance Alison Bennet Marco Fiori Mina Bhagat Alison Kinnaird Shyam Padhiar Billy Tumelty IT & Administration Berdia Qamarauli Abdi Mohamed Maria Martinez Liz Cones Curlene Spencer John Winchcombe Your America Team (New York - Dallas) Chairman Emeritus John Herzog Head of Philatelics George Eveleth Head of Numismatics Stephen Goldsmith Director of Finance & Operations Sam Qureshi Auction Administration Rick Penko Patricia Gardner Marketing & Design James McGuire Emily Cowin Clyde Townsend Finance & Administration Ingrid Qureshi Marcy Gottberg Ed Robinson Auctioneers Stephen Goldsmith Tracy Shreve Andrew Titley Your Asia Team (Hong Kong - Singapore) Anna Lee Gary Tan Amy Yung Raymond Tat Neill Granger Barnaby Faull Mike Veissid
Stamps, Coins, Banknotes, Medals, Bonds & Shares, Autographs, Books, Wines AUCTION CALENDAR 2012 Stamps 15 January 25 January 16 February 23/24 February Early March 15 March 16 March 16 March 16 March 11 April 3 May 10/11 May Early June 5 July 11 July 12 September 13 September 13/14 September 23 September Early October 14 November 6/7 December 12 December
For centuries Spink and its employees have been preserving and curating collectable items. We now wish to play a modest role in preserving our planet, as well as the heritage of collectables, so future generations may enjoy both. We insist that our printers source all paper used in the production of Spink catalogues from FSC registered suppliers (for further information on the FSC standard please visit fsc.org) and use inks containing non hazardous ingredients. Spink recycle all ecological material used on our premises and we would encourage you to recycle your catalogue once you have finished with it.
Hong Kong London London New York Hong Kong Lugano Lugano Lugano Lugano London London New York Hong Kong London London London London New York Singapore Hong Kong London New York London
12005 12001 12012
Fine Coins of China and Hong Kong The Collector's Series Sale Ancient, English & Foreign Coins and The Collector's Series Sale Ancient, English & Foreign Coins and The Collector's Series Sale Coins of Hong Kong and China Ancient, English & Foreign Coins and The Collector's Series Sale Ancient, English & Foreign Coins and
Hong Kong New York London New York London New York Hong Kong London New York London
12026 315 12027
Banknotes of China and Hong Kong The Manfred Kranz Collection of Deutsch-Asiatische Bank Notes Banknotes of the Ta Ching Government The Collector’s Series Sale World Banknotes The Collector’s Series Sale The Collector’s Series Sale World Banknotes The Collector’s Series Sale World Banknotes
Hong Kong Hong Kong Hong Kong New York London New York New York London New York London
12006 12006A 12006B 312 12022 313 314 12023 315 12024
Orders, Decorations, Campaign Medals & Militaria Orders, Decorations, Campaign Medals & Militaria Orders, Decorations, Campaign Medals & Militaria
London London London
12002 12003 12004
Bonds and Share Certificates of China and Hong Kong The Collector's Series Sale The Collector's Series Sale Bonds and Share Certificates of the World The Collector's Series Sale The Collector's Series Sale Bonds and Share Certificates of the World
Hong Kong New York New York London New York New York London
12007 312 313 12010 314 315 12011
The The The The
Collector's Series Sale Collector's Series Sale Collector’s Series Sale Collector’s Series Sale
New New New New
Fine Fine Fine Fine Fine
Wines Wines Wines Wines Wines
Hong Hong Hong Hong Hong
12013 12014
12015 12016 12017 12018 12019 12020 12021
Coins 14 January 16/17 January 29 March 18/19 May 28 June 22/23 August 28/29 August 27 September 13/14 November 4 December
Commemorative Medals Commemorative Medals
Commemorative Medals Commemorative Medals
12008 312 12009 313 12025 314
Banknotes 14 January 14 January 14 January 16/17 January 25 April 18/19 May 22/23 August 3 October 13/14 November 6 December Medals 19 April 19 July 22 November Bonds and Shares 14 January 16/17 January 18/19 May 1 June 22/23 August 13/14 November 28 November Autographs 16/17 18/19 22/23 13/14
January May August November
York York York York
Wines 8 March May July September November
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Fine Stamps and Covers of China and Hong Kong The Collector’s Series sale The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part II The Collector’s Series Sale The Collector’s Series Sale The Renowned Fiorenzo Longhi Collection of Airmail Postal History and Memorabilia The Walter Taveira International Gold Medal Collection of Brazil The Paulo Comelli “Grand Prix” Collection of Brazilian Mail to Foreign Destinations The “Tito” Collection of South American Philatelic Rarities including Uruguay - Part I The Collector’s Series sale The Chartwell Collection - GB King George V including Seahorses The Collector’s Series Sale The Collector’s Series Sale The Chartwell Collection - GB Line Engraved Essays, Proofs, Stamps and Covers - Part III The Collector’s Series Sale The Chartwell Collection - GB King George VI, King Edward VIII and Queen Elizabeth II Essays, Proofs and Stamps Great Britain Stamps specialised sale The Collector’s Series Sale Fine Stamps and Covers of South East Asia The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part IV
of of of of of
the the the the the
World World World World World
The above sale dates are subject to change
Spink offers the following services Valuations for insurance and probate for individual items or whole collections. Sales on a commission basis either of individual pieces or whole collections.
Kong Kong Kong Kong Kong
312 313 314 315
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Use this QR code to visit our online catalogue and leave proxy bids on Spink Live. You can download the QR Code Reader for iPhone, Blackberry and Android from App Store on your smartphone
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Bonds and Share Certificates of China and Hong Kong Saturday 14 January 2012 at 5.30 p.m. Spink China Limited, 9/F Malaysian Consulate Building, 50 Gloucester Road, Hong Kong Telephone: 00852 25 300 100 Fax: 00852 25 266 128 In sending commission bids or making enquiries, this sale should be referred to as CANTON - 12007
Viewing at 69 Southampton Row, London: Wednesday Thursday
21 December 2011 22 December 2011
10.00 a.m.- 5.00 p.m. 10.00 a.m.- 5.00 p.m.
SPINK CHINA: 9/F Malaysian Consulate Building, 50 Gloucester Road, Hong Kong Telephone: +852 25 300 100 Fax +852 25 266 128
Web Site: For more information about Spink services, forthcoming sales and sales results you can access the Spink web site at www.spink.com
For future Hong Kong catalogues: Please telephone +852 25 300 100 +44 (0)20 7563 4080 or fax +44 (0)20 7563 4085 or e-mail catalogues@spink.com for details.
Viewing at 50 Gloucester Road, Hong Kong: Wednesday Thursday Friday
11 January 2012 12 January 2012 13 January 2012
9.30 a.m.- 6.30 p.m. 9.30 a.m.- 6.30 p.m. 9.30 a.m.- 8.00 p.m.
Enquiries for this sale: Specialist: Mike Veissid mveissid@spink.com From Wednesday 11 January
+44 (0)20 7563 4075 +852 25 300 100
Commission bids and results: +852 25 300 100 +44 (0)20 7563 4108 +44 (0)20 7563 4020
Email: china@spink.com auctionteam@spink.com
Bids office fax number: +852 25 266 128 +44 (0)20 7563 4037 Available until Friday 13 January 5.00 p.m. Use this QR code to visit our online catalogue and leave proxy bids on Spink Live. You can download the QR Code Reader for iPhone, Blackberry and Android from App Store on your smartphone
Accounts: Amy Yung china@spink.com Shyam Padhiar spadhiar@spink.com
+852 25 300 100 +44 (0)20 7563 4023
A trade and bank reference are required for NEW clients to Spink who wish to bid at this auction; either in person or by written bid. These should be sent and arrive at least SEVEN working days before the auction date. We regret that if these are not received, new clients may not be allowed to participate. References can be emailed to: china@spink.com or auctionteam@spink.com or Fax: +852 25 266 128 or Telephone: +852 25 300 100.
Please note: NO COLLECTION OF LOTS DURING THE AUCTIONS Purchases may be collected from 50 Gloucester Road from Monday to Friday 9am to 5pm Front Cover Illustration: 732 Back Cover Illustrations: 821 and 906
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January 14, 2012 - Hong Kong
AN INTRODCTION BY SPINK SPECIALIST MIKE VEISSID We are pleased to be able to offer another fine selection of bonds and share certificates relating to China and Hong Kong. This follows our offering of the Goudey Collection last year which was the first specialist sale of Bonds and Share certificates in Hong Kong since the 1980’s. The sale also includes some duplicate pieces from the Goudey Collection and we have given information on the quantity found in the collection where possible. You will also notice that there are many certificates from English companies operating in China which come from an old collection formed in the UK over the last 35 years. Several of these have not been on the market for many years and should attract much interest. I have mixed pieces from Hong Kong with mainland China as many Chinese companies used the Hong Kong company laws to register and therefore had offices in both ‘countries’. Translations have been made using the Wade-Giles system of spelling instead of the more modern Pinyin. For example Kwangtung would have been used during the period before 1949 instead of the now accepted Guangdong. The WadeGiles spelling is that used in all contemporary works and records and as you will see from the catalogue it is often used on the certificates themselves. Fortunately English was the most widely used business language in Hong Kong, Canton and Shanghai and many items in the catalogue have at least the company name also in English. I apologise in advance for any errors with translations as my Mandarin and Cantonese is almost non-existent!
ORDER OF SALE SATURDAY 14 JANUARY 2012 commencing at 5.30 p.m. FOREIGN LOANS
701-745
INTERNAL LOANS
746-765
MINISTRY LOANS
766-769
PROVINCIAL LOANS
770-794
MUNICIPAL LOANS
795-798
RAILWAYS
799-805
SHIPPING & DOCKS
806-810
BANKS
811-831
COMMODITY EXCHANGE
832
INSURANCE COMPANIES
833-841
LAND & INVESTMENT COMPANIES
842-860
MINING COMPANIES
861-884
PUBLIC UTILITIES
885-905
SPORT & RECREATION
906-914
COMMERCIAL & INDUSTRIAL
915-975
FRENCH INDO-CHINA
976-978
MACAO
979-982
MALAYA
983 Page 3
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Page 4
PRESTIGIOUS SALES
HONG KONG 14-15 JANUARY 2012
OVER TWO DAYS IN F NO CTIO ES LLE K NOT CO NZ BAN KRA CHE D IS T FRE AN -ASIA E M CH TH EUTS D
NO TE GO S OF VER THE NM EN TA CH TB AN ING K
12006 - Banknotes of China and Hong Kong Including the Manfred Kranz Collection of Deutsch-Asiatische Bank Notes, and Notes of the Ta-Ching Government Bank
ong gK Hon 2• 201 1ary Janu 4 Janu 14 ary 201 2• Hon gK ong
HS
S OK BO
BANKNOTES OF CHINA AND HONG KONG
14 January 2012 • Hong Kong
ES WIN
FINE COINS OF CHINA AND HONG KONG
12008 - Fine Coins of China and Hong Kong
14 January 2012 • Hong Kong
BONDS AND SHARE CERTIFICATES OF CHINA AND HONG KONG
12007 - Bonds and Share Certificates of China and Hong Kong
14 January 2012 • Hong Kong
FINE STAMPS & COVERS OF CHINA AND HONG KONG
12005 - Fine Stamps and Covers of China and Hong Kong
15 January 2012 • Hong Kong
To request a copy of any of these catalogues please email us today concierge@spink.com All catalogues are also available to view online www.spink.com
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January 14, 2012 - Hong Kong
SATURDAY 14 JANUARY 2012 commencing at 5.30 p.m. All Sales are subject to the Conditions of Business printed at the back of this catalogue Estimates The estimated selling price of each lot is printed below the lot description and does not include the Buyer’s Premium. Bidders should bear in mind that estimates are prepared well in advance of the sale and are not definitive. They are subject to revision.
FOREIGN GOVERNMENT LOANS
701 1898 41⁄ 2 % Gold Loan, £25 bond, no.677, issued by the Hongkong and Shanghai Banking Corporation, large format, red and black, with coupons, a few very minor edge tears at top but very fine for the issue. HK$3,000-4,000
702 1898 41⁄ 2 % Gold Loan, £50 bond, no.1197, issued by the Hongkong and Shanghai Banking Corporation, large format, orange and black, with coupons, one of the best of this issue seen for some time, good very fine for the issue. HK$2,500-3,500
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Bonds and Share Certificates of China and Hong Kong
703 1898 41⁄ 2 % Gold Loan, £500 bond, no.1297, issued by the Hongkong and Shanghai Banking Corporation, large format, mauve and black, with coupons, a few very minor edge tears but very fine for the issue. HK$4,000-5,000
705 1899 Chinese Imperial Railway 5% Gold Loan, £100 bond, no.8893, large format, ornate border, brown with pale blue underprint, red ‘chop’ in centre, with coupons, small edge tear at right, tiny piece from top left corner but very fine for issue. HK$1,500-2,000
704 1898 41⁄ 2 % Gold Loan, a group of 20 bonds for £50, issued by the Deutsch-Asiatische Bank, large format, orange and black, text in German and English, with coupons, a generally good condition group, many very fine and a few better. (20) HK$4,000-5,000
706 1903 5% Shanghai-Nanking Railway Gold Loan, a group of 8 bonds for £100, 1904 issue, large format, red and black, with coupons, better than usual condition, centre bend, very fine to extremely fine. (8) HK$2,000-2,500
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January 14, 2012 - Hong Kong 709 1908 41⁄ 2 % Gold Loan, £100 bond, countersigned by the Hongkong and Shanghai Banking Corporation, no.9056, walled city at top, ornate borders, mauve and black, printed by Waterlow & Sons Ltd., no coupons as is usual with this issue, extremely fine and rare in this condition. HK$2,500-3,500
710 1908 41⁄ 2 % Gold Loan, £100 bond, countersigned by the Hongkong and Shanghai Banking Corporation, and £20 bond, countersigned by the Banque de L’Indo-Chine, walled city at top, ornate borders, mauve and green respectively, printed by Waterlow & Sons Ltd., no coupons as is usual with this issue, very fine to about extremely fine, the £100 with Midland bank rubber stamp at top. (2) HK$2,000-2,500
707 1907 5% Canton-Kowloon Railway Gold Loan, a group of 6 bonds for £100, large format, red and black, printed by Waterlow & Sons, with coupons, all with centre fold otherwise about extremely fine. (6) HK$4,000-5,000
711 1910 5% Tientsin-Pukow Railway Supplementary Loan, a group of 21 bonds for £20, issued by the Deutsch-Asiatische Bank, large format, green and mauve, with coupons, mixed condition but mostly very fine. (21) HK$4,000-5,000
708 1908 41⁄ 2 % Gold Loan, £100 bond, countersigned by the Hongkong and Shanghai Banking Corporation, no.9029, walled city at top, ornate borders, mauve and black, printed by Waterlow & Sons Ltd., no coupons as is usual with this issue, extremely fine and rare in this condition. HK$2,500-3,500 Page 7
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Bonds and Share Certificates of China and Hong Kong 714 1911 5% Hukuang Railway Sinking Fund Gold Loan, a group of 10 bonds for £100, issued by the American banks syndicate, large format, steam train at top, red and black, printed by Waterlow & Sons, with coupons, centre fold otherwise extremely fine or nearly so. (10) HK$7,000-9,000
712 1911 5% Hukuang Railway Sinking Fund Gold Loan, a group of 22 bonds for £20, issued by the Deutsch-Asiatische Bank, large format, steam train at top, green and black, printed by Waterlow & Sons, with coupons, generally very fine and better. (22) HK$6,000-8,000
713 1911 5% Hukuang Railway Sinking Fund Gold Loan, a group of 5 bonds for £100, issued by the Hongkong and Shanghai Banking Corporation, large format, steam train at top, red and black, printed by Waterlow & Sons, with coupons, centre fold otherwise extremely fine. (5) HK$3,000-4,000
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715 1911 5% Imperial Railway Loan, bond for 500 yen, no.000243, issued by the Yokohama Specie Bank, ornate border, Chinese dragons at top, mauve and black, pale blue-green underprint, text in Chinese with English on the reverse, with coupons, about very fine. HK$3,000-4,000
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January 14, 2012 - Hong Kong
716 1912 5% ‘Crisp’ Gold Loan, a group of 19 bonds for £20, large format, blue, yellow and black, red ‘chops’, with coupons, mixed condition but many are very fine and better. (19) HK$4,000-5,000
717 1912 5% ‘Crisp’ Gold Loan, a group of 29 bonds for £100, large format, turquoise and black, red ‘chops’, with coupons, mixed condition, fine to very fine. (29) HK$15,000-20,000
718 1912 5% Gold ‘Crisp’ Loan, bond for £500, no.1602, large format, ornate border, brown and black, pale blue underprint, red ‘chops’, with coupons, about very fine. HK$3,000-4,000
719 1912 5% Gold ‘Crisp’ Loan, bond for £500, no.0579, large format, ornate border, brown and black, pale blue underprint, red ‘chops’, with coupons, good very fine and scarce thus. HK$3,000-4,000 Page 9
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Bonds and Share Certificates of China and Hong Kong
720 1912 5% Gold ‘Crisp’ Loan, bond for £1000, no.569, large format, ornate border, red and black, yellow underprint, red ‘chops’, with coupons, clean good very fine condition and rare thus. HK$10,000-15,000
722 1913 5% Reorganisation Gold Loan, an unissued reserve stock bond for £100, countersigned by the Deutsch-Asiatische Bank, ‘Mercury’ at top, vignettes at each side, blue and black, with all coupons, no serial numbers, extremely fine and rare. HK$6,000-7,000
721 1913 5% Reorganisation Gold Loan, a duplicate bond for £20, Russian issue, countersigned by the Hongkong and Shanghai Banking Corporation in 1926 (K307DP), ‘Mercury’ at top, vignettes at each side, brown and black, with coupons, overprinted DUPLICATE, in top corners in red, extremely fine and rare. HK$6,000-8,000
723 1913 Chinese Central Government 6% ‘Austrian’ Loan I, bond for £50, no.877, ornate border, mauve and black, minor edge tears, top half somewhat toned, fine to very fine and rare. HK$15,000-18,000
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January 14, 2012 - Hong Kong
724 1913 Chinese Central Government 6% ‘Austrian’ Loan I, bond for £50, no.3589, redeemable 1916 ornate border, mauve and black, edge damage at right not affecting the text, a few edge tears at bottom, good colour, fine and rare. HK$9,000-12,000
726 1914 5% Gold ‘Industrial’ Loan, unissued bond for 500 francs from the reserve stock, large format, vignettes of railways, station and bridge, brown, yellow underprint, with all coupons from 1934, not numbered, good extremely fine. HK$2,500-3,000
725 1913 6% ‘Austrian’ Loan I, £100 bond, no.8651, payable by 1915, green and black, red ‘chop’ in centre (K.311), better than average condition, very fine and rare. HK$15,000-18,000 Page 11
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Bonds and Share Certificates of China and Hong Kong
729 Ching-Yu, 7% Gold Loan, 3rd series, unissued Treasury bond for 50,000 francs, Paris 1916, of an issue of only 23 pieces, large format with ornate border, red-brown with yellow underprint, coupons at right, counterfoil at left, about extremely fine and very rare. HK$8,000-10,000 727 1914 Chinese Republic 5% Treasury Loan, an unissued bond for 500 francs, to be offered by the Banque Industrielle de Chine, Peking 1914, large format, brown with yellow underprint, with repayment coupons for 1915 to 1919, ink smudge at lower right, 2 folds otherwise about extremely fine and very rare. HK$6,000-8,000 The loan of 75,000,000 francs was raised as part of the 600 million francs needed to construct the Chin-Yu Railway. Repayable in 5 equal annual instalments. It is not confirmed that the loan was actually issued due to the outbreak of war in 1914.
730 Ching-Yu, 7% Gold Loan, 3rd series, unissued Treasury bond for 567 francs, Paris 1916, of an issue of only 1 example, large format with ornate border, green with yellow underprint, coupons at right, counterfoil at left, extremely fine and extremely rare. HK$10,000-12,000
728 Ching-Yu, 7% Gold Loan, 3rd series, unissued Treasury bond for 1000 francs, Paris 1916, of an issue of only 35 pieces, large format with ornate border, blue with yellow underprint, coupons at right, counterfoil at left, extremely fine and very rare. HK$8,000-10,000 www.spink.com
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January 14, 2012 - Hong Kong 733 1919 6% 2-Year Secured Gold ‘Chicago Bank’ Loan, $1000 bond no.4089, vignette of pagoda at top, orange and black, printed by the American Bank Note Company, with coupons, and sheet of scrip certificates, extremely fine. HK$3,000-4,000
731 1919 8% 10-Year Sterling Treasury Notes ‘Vickers Loan’, a bond for £100 with original coupons, no.6075, dockside vignette, green and black, very fine. HK$800-1,200
734 1925 5% Gold ‘Boxer’ Loan, bond for $50, number 000,001, signed around the body by 20 or so officials from the issuing bank, the Banque Industrielle de Chine, and retained by one of the directors, ornate border, brown and yellow, with all coupons intact, about extremely fine and unique. HK$6,000-8,000
732 1919 6% 2-Year Secured Gold ‘Chicago Bank’ Loan, $1000 bond no.4035, vignette of pagoda at top, orange and black, printed by the American Bank Note Company, with coupons, and sheet of scrip certificates, a little tape residue at right edge, good very fine. HK$3,000-4,000
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Bonds and Share Certificates of China and Hong Kong
735 1925 8% ‘Skoda’ Loan, bond for £1000, no.26532, ornate border, red and black, ‘chop’ in centre, with coupons to no.17, nearly extremely fine. HK$2,000-3,000
737 1934 6% Sterling Indemnity (Boxer) Loan, bond for £50, no.1066, ornate border with vignette of Sun Yat Sen at top, blue, brown and black with green underprint, with coupons, small tear at bottom edge, dusty surface, good very fine. HK$2,000-2,500
736 1925 8% ‘Skoda’ Loan, a group of 5 bonds for £1000, similar to the last, with coupons to no.17, all about extremely fine. (5) HK$10,000-12,000
738 1934 6% Sterling Indemnity Loan, bond for £100, no.2303, Sun Yat Sen at top, green and blue, buff underprint, with coupons, small annotation in top margin, about extremely fine. HK$2,500-3,500 www.spink.com
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January 14, 2012 - Hong Kong
739 1934 6% Sterling Indemnity (Boxer) Loan, bond for £100, no.5213, ornate border with vignette of Sun Yat Sen at top, green and blue, yellow underprint, with coupons, about extremely fine. HK$2,500-3,000
740 1934 6% Sterling Indemnity (Boxer) Loan, a group of 5 bonds for £100, similar to the last, generally extremely fine. (5) HK$10,000-12,000
741 1934 6% Sterling Indemnity (Boxer) Loan, bond for £1000, no.6769, ornate border with vignette of Sun Yat Sen at top, pink and blue with pink underprint, with coupons, about extremely fine. HK$6,000-8,000 Page 15
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Bonds and Share Certificates of China and Hong Kong
742 Huai River Commission Loan, 1935, a participation certificate for ÂŁ5000, no.21, large format, plain black printing, in English, embossed English revenue stamp, very fine and extremely rare. HK$6,000-8,000 This loan has been catalogued by Kuhlman as K.875 but until now no certificates have been seen. The loan was a private loan between E.D. Sassoon Banking Co. Ltd. and the Commission and not a direct obligation of the Chinese Government, although it does appear on all the contemporary lists of outstanding Government loans. There are four endorsements on the reverse of the certificate showing various capital repaid and interestingly there are two transfers annotated in 1951 and again in 1970.
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743 1936 6% Shanghai Hangchow Ningpo Completion Loan, a group of 5 bonds for ÂŁ100, large format with vignette of Sun Yat Sen in top right corner, medallion of value in left corner, brown, green & blue, with coupons, very fine to extremely fine. (5) HK$3,500-4,500
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January 14, 2012 - Hong Kong
744 1937 Secured Sinking Fund Bond (Pacific Development Loan), bond for US$1000, no.M4053, pagoda at top, blue and black, with coupons, ABNCo. printing (K.952), with certificate attached to denote American domicile, extremely fine. HK$3,000-4,000
745 1937 Secured Sinking Fund Bond (Pacific Development Loan), a group of 5 bonds for $1000, similar to the last, 3 with blue certificate attached, 2 without, very fine to extremely fine. (5) HK$15,000-18,000
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Bonds and Share Certificates of China and Hong Kong
INTERNAL GOVERNMENT LOANS
746 1914 3rd Year 6% National Loan, half bond for 5 dollars, no.47177, ornate border, oliver-green and red with yellow underprint, text in Chinese with English on the reverse, 1 coupon remaining, some mount remains on the English side, tiny tear at bottom, fine to very fine. HK$3,000-4,000
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747 1914 3rd Year 6% National Loan, bond for 10 dollars, no.219794, ornate border, brown and red, pale blue underprint, text in Chinese with English on the reverse, with 2 coupons remaining, light tape repair on bottom edge, very fine. HK$4,000-5,000
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January 14, 2012 - Hong Kong
748 1915 Chung Hwa Revolutionary Party, Fund Raising Bonds, 3rd series, 10 yuan, no.50134, with facsimile sigature of Sun Wen (Sun Yat Sen), orange and black, only partly issued, text all in Chinese, good very fine. HK$5,000-6,000 Issued by Sun Yat Sen from Tokyo, his place of exile, following the failure of the ‘second’ revolution to overthrow Yuan Shikai.
749 1915 Chung Hwa Revolutionary Party, Fund Raising Bonds, 3rd series, 10 yuan, a group of 5 bonds, with facsimile sigature of Sun Wen (Sun Yat Sen), as previous lot good very fine. HK$20,000-25,000
750 1920 Short Term Treasury Bills, a group of 6 certificates comprising 12 months bills (4), 26-3-1920, 1 yuan and 10 yuan, 26-4-1920, 10 yuan and 26-5-1920, 10 yuan; 6 month bills (2), 26-12-1920, 50 yuan and 100 yuan, ornate borders, various colours, red ‘chops’ in centre, generally very fine and scarce. (6) HK$6,000-8,000 Nothing appears to have been written about these short term certificates. They seem to have been issued in 1920 only, at a discount, and repayable within 12 months, later reduced to only 6 months. The descriptions of those listed in the Goudey catalogue are slightly incorrect in that they state the redemption date and not the issue date.
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Bonds and Share Certificates of China and Hong Kong
751 Nationalist Government Lottery Loan, 5 silver yuan in strip of 5 bonds of 1 yuan, all with the same serial number, issued by the Hankow Chamber of Commerce, undated, circa 1920’s, Sun Yat Sen in centre, blue, pink underprint, about extremely fine. HK$2,000-3,000 The second of only two examples found in the Goudey collection.
753 1936 United Nationalist Loan, a group of 3 bonds, 1st series, 1000 yuan, 4th series, 1000 yuan and 5th series, 100 yuan, all with head of Sun Yat Sen at top right, various colours, text all in Chinese, with coupons, extremely fine. (3) HK$1,500-2,000 This loan was issued in 5 series, the first redeemable in 2 years and increasing by 6 months leaving the 5th series redeemable in 4 years. 752 1926 Second Nationalist Government Lottery Loan, a group of 100 bonds for 5 dollars, small format, mauve with yellow-green underprint, text in Chinese with English on the reverse, generally very fine and better. (100) HK$1,200-1,800
754 1938 27th Year Gold Loan, a part set of bonds for US$5, US$10 and US$50, ornate borders, pale blue, brown, and mauve respectively, with coupons, the last with heavy fold otherwise very fine or better, the $50 is scarce. (3) HK$800-1,000 www.spink.com
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755 1938 27th Year Gold Loan, a group of bonds for $5 (10) and $10 (12), blue with pink underprint and brown with yellow underprint, text in English and Chinese, with coupons, mostly very fine and better. (22) HK$1,500-2,000
756 1940 29th Year Military Loan, bonds for 50 yuan and 100 yuan, small format, ornate borders comprising tank and shells, aircraft at either side, text all in Chinese, blue and red respectively, with coupons, extremely fine. (2) HK$1,200-1,500
757 1940 29th Year Reconstruction Gold Loan, a group of bonds for US$5 (11), and US$10 (12), attractive pieces with steam train, bridge and dam, sea wall and mining tools, blue and mauve, text in Chinese and English, with coupons, mostly very fine and better. (23) HK$2,000-3,000
758 1941 Nationalist Government Air Force Salvation Loan, bonds for $50 and $5, central vignette of monoplane, ornate borders, green and brown respectively, text all in Chinese, about extremely fine. (2) HK$1,500-2,000
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Bonds and Share Certificates of China and Hong Kong
759 1942 31st Year Allied Victory Loan, a specimen bond for 10,000 yuan, city view at bottom, military aircraft at top, blue and red, red ‘chop’ in centre, numbered 000000, overprinted SPECIMEN in Chinese, extremely fine and scarce. HK$1,200-1,500
761 1942 Allied Victory U.S. Dollar Loan, bond for $1000, no.0008777, small format piece with steam ship at left and steam train at right, grey-green and black, red ‘chop’ in centre, with coupons, about extremely fine and a scarce denomination. HK$1,000-1,500
760 1942 Allied Victory U.S. Dollar Loan, a group of 24 bonds of $20, small format pieces with steamship at left, steam train at right, blue and black, red ‘chop’ in centre, with coupons, mostly very fine and better. (24) HK$2,000-3,000 762 1943 32nd Year Allied Victory Loan, bond for 500 yuan, no.78295, winged ‘V’ at top, soldiers and people holding burning torch above their heads, red, blue and black, yellow underprint, with coupons, good very fine and despite the high serial numbers a scarce issue. HK$1,200-1,800
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763 1943 32nd Year Provincial Reorganisation Loan, bond for 1000 yuan, no.A000469, small format, vignettes of agricultural scenes, motor car etc., ornate borders, with coupons, tiny piece missing from bottom right coupon, fine to very fine. HK$1,000-1,200
764 1944 33rd Year Allied Victory Loan, a group of bonds for 500, 1000, 5000 and 10000 yuan, winged ‘V’ at top, the people cheering an allegorical winged female holding a burning torch, brown with yellow underprint, mauve, brown and red respectively, all with coupons, very fine and better. (4) HK$1,200-1,500
765 1944 33rd Year Allied Victory Loan, a pair of specimen bonds for 200 yuan and 50,000 yuan, the people raising their hands to a female holding lamp, ‘V’ with wings at top, numbered 0000000 in red, green and blue respectively, with coupons, about extremely fine. (2) HK$1,200-1,500
MINISTRY LOANS
766 Ministry of Agriculture and Commerce, 1921 Variable Interest Loan, bond for 10 yuan, no.35582, ornate border, brown and black with pink underprint, red ‘chop’ in centre, with coupons, extremely fine. HK$800-1,000
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Bonds and Share Certificates of China and Hong Kong
767 Ministry of Finance, Chekiang-Hangchow Water Public Dept., partly issued, 5 yuan bond, 1930, no.003980, ornate border, red and black with green underprint, text in Chinese, with coupons, slight loss of paper at right edge within impression of seal, about extremely fine. HK$2,000-3,000
768 Ministry of Transport, Yan Wei Road 8% Short Term Loan, 1 yuan, 1922, no.91969, ornate border, blue and black, red ‘chop’ in centre, pink underprint, adhesive label at top left, no coupons remain, good very fine. HK$1,500-2,000
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769 Ministry of Transport, Yan Wei Road 8% Short Term Loan, 5 yuan, 1922, no.0004342, ornate border, brown and black, red ‘chop’ in centre, 2 Chinese endorsements, no coupons remaining, small edge tear but very fine and scarce. HK$1,500-2,000
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PROVINCIAL LOANS
771 Chekiang Province, bond for 50 yuan, undated but circa 1914, ornate border, green and black with pink underprint, red ‘chop’ in centre, small hole in left margin otherwise very fine. HK$800-1,000
770 Province of Anhui, bond for 100 Kuping taels, 1910, lovely ornate border of dragons and rough seas, blue and black, yellow underprint, red ‘chop’ at left, text in Chinese with English on the reverse, with coupons, good very fine. HK$7,000-9,000
772 Chekiang Province, 1936 6% Reconstruction Loan, 2nd issue, bond for 100 yuan, vignettes of agriculture, steam train and bridge over the Chien Tang, mauve, blue and red, with coupons, extremely fine. HK$1,000-1,200 773 Chekiang Province, 1936 6% Reconstruction Loan, third issue, bond for 10 yuan, no.89481, vignettes of agriculture, steam train and bridge over the Chien Tang, blue and black, red ‘chop’ in centre, with coupons, extremely fine. HK$1,000-1,200 774 Chekiang Province, 1936, 6% Reconstruction Loan, 4th issue, bond for 10 yuan, vignettes of agriculture, steam train and bridge over the Chien Tang, mauve, blue and red, with coupons, very fine. HK$1,000-1,200
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Bonds and Share Certificates of China and Hong Kong
775 Chihli Province, 4th Loan, 1926, bond for 5 yuan, ornate border, greenish black with pale green underprint, red ‘chop’ in centre, very fine. HK$1,200-1,500
777 Chihli Province, 6th Loan, 1926, a pair of bonds for $10, no’s 17322 and 17323, ornate borders, blue and black, green underprint, text all in Chinese with English on the reverse, with coupons, some damage at either side at the ends of the centre fold, fine to about very fine. (2) HK$2,000-3,000
776 Chihli Province 5th Loan, 1926, a group of 6 bonds for 10 yuan, ornate borders, black with yellow underprint, red ‘chop’ in centre, some rust marks, one with small hole, fine to very fine. (6) HK$4,000-5,000
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778 Chihli Province, 1926, 8% Long Term Rehabilitation Loan, bond for 10 dollars, no.6791, ornate border, red with pale blue underprint, red ‘chop’ in centre, text in Chinese with English on the reverse, with coupons, good very fine. HK$1,500-2,000
779 Fukien Province, 6% Rehabilitation Loan, 1928, a strip of 5 bonds for 1 yuan, no.071677, ornate borders, brown with pale blue underprint, text in Chinese, red ‘chop’ in centre of each piece, with coupons under, has been halved with old tape repair across both bonds and coupons. HK$800-1,000
780 Fukien Province Local Loan, 6%, 1935, 10 yuan, no.A000301, ornate border, brown and black, pale blue underprint, text all in Chinese, adhesive label at top, with coupons (separated), extremely fine. HK$1,800-2,200
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Bonds and Share Certificates of China and Hong Kong
781 Hankow Province 24th Year (1935) 6% Reconstruction Loan, bond for 100 yuan, no.4077, workers building a small road at right, scrollwork borders, brown with green underprint, with coupons, very fine. HK$1,200-1,500
782 Hunan Province, 1941 Wheat and Rice Loan, a pair of bonds for 1 shi and 5 sheng, small format pieces with ornate borders, red with yellow underprint and mauve with blue-grey underprint, red ‘chops’ in centre, with coupons, about extremely fine. (2) HK$1,500-2,000 An unusual pair which were apparently given in exchange for weights of wheat or rice. The coupons could be used to pay taxes. We can imagine that the loan was unpopular and may not have been widely issued.
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783 Hupeh Province, 10th Year (1921) Public Loan, bond for 5 yuan, no.40976, ornate border, red-brown with green underprint, red ‘chops’ in centre, text all in Chinese, with coupons, fine to very fine HK$1,500-2,000
784 Hupeh Province, 20th Year (1931) 8% Rehabilitation Loan, bond for 10 dollars, no.17122, Sun Yat Sen in centre flanked by flags, ornate border, portrait format, mauve, blue and red with yellow underprint, text in Chinese with English on the reverse, good very fine. HK$2,000-3,000
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785 Hupeh Province, 23rd Year (1934) 6% Reconstruction Loan, pair of bonds for 5 and 10 yuan, Sun Yat Sen at top centre with flags at either side, ornate borders, brown, blue and red, and blue and red, text all in Chinese, with coupons, rusty paper clip marks at top edges, the 10 with some nibbling of the bottom left corner, fine to very fine. (2) HK$2,000-2,500 786 Hupeh Province, 23rd Year (1934) Reconstruction Loan, 100 yuan, no.004623, vertical format piece with Sun Yat Sen at top with flags at either side, ornate border, mauve, red and black, green underprint, text all in Chinese, with coupons, near extremely fine. HK$1,500-2,000
787 Hupei Province 24th Year (1935) 6% Loan, a group of 7 bonds for 10 yuan, attractive borders with Sun Yat Sen in blue at top right, motor cars travelling along country roads at bottom, with coupons, most with small rust marks at top left, fine and better. (7) HK$3,000-4,000
788 Kwangtung Government 8% Local Loan, 7th Year (1918), bond for 10 dollars, no.15186, ornate border, blue and black with red ‘chop’ in centre, text in Chinese with English on the reverse, with two coupons remaining, very fine and scarce. HK$2,000-2,500
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Bonds and Share Certificates of China and Hong Kong
791 1931 Kwangtung 5% Second Military Supply Loan, a group of 100 bonds for 5 yuan, vignette of Sun Yat Sen to the right, brown and black, green underprint, red ‘chop’ at left, generally very fine to extremely fine. (100) HK$1,500-1,800 789 Kwang Tung Province 8% Reorganisation Loan, 1921, bond for 10 dollars, no.62511, ornate border, red, yellow underprint, text in Chinese with English on the reverse, with coupons, folds, about very fine. HK$1,500-2,000
792 1932, Kwangtung, National Defence Loan, a group of 100 bonds for 10 yuan, small format, vignette in centre of field with trees in background, brown, red and black with pale green underprint, generally very fine to extremely fine. (100) HK$2,500-3,000
790 1928 Kwangtung Short Term Reconstruction Lottery Loan, a group of bonds for 10 yuan (58), 50 yuan (45) and 100 yuan (2), small format pieces with text all in Chinese, ornate borders of various colours, the 100 yuan with only 4 digit numbers so probably quite scarce, mixed condition but many very fine and better. (105) HK$2,500-3,500
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MUNICIPAL LOANS
793 Province of Shansi, 1927 6% Rehabilitation Loan, bond for 5 yuan, no.88876, ornate border, grey-green with pink underprint, red ‘chop’ in centre, with coupons, small tear at top edge, very fine. HK$1,000-1,200
795 City Government of Greater Shanghai, 7% Shanghai Rehabilitation Loan, 1932, bond for $1000 Shanghai currency, no.D0629, large format piece with ornate borders, brown and black, text all in English, with coupons, small piece missing from the right and bottom margins and bottom right corner, body otherwise very fine, rare. HK$6,000-8,000
794 Shantung Province 1926 Rehabilitation Loan, a group of bonds for 5 yuan and 10 yuan (2), ornate borders, building in oval on the reverse, with coupons, rust marks, fine and better. (3) HK$2,000-3,000 Page 31
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796 1942 Shanghai City 6% Special Public Loan, 500 yuan, no.000973, ornate border, green, red and black with pink underprint, red ‘chop’ in centre, text all in Chinese, with coupons, extremely fine. HK$2,000-2,500
797 Tientsin, 16th Year (1927) 8% Municipal Short Period Loan of the Special Areas, bond for 10 dollars, no.961, ornate border, mauve and red with pink underprint, text in Chinese with English on the reverse, with coupons, very fine. HK$2,000-2,500 www.spink.com
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798 Tsingtao City 7% Public Loan, 1935, 10 yuan bond, no.0003157, ornate border, brown with green underprint, red ‘chop’ in centre, unusual design with very little text on the obverse apart from the title and denomination, most of the text on the reverse, with coupons, tiny piece missing from top right corner, very fine. HK$2,000-3,000
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RAILWAYS
799 Canton Hankow Railway Co. (Kwong-Tung Yueh-Han), certificate for 5 yuan shares, 1913, very attractive piece with vignette of large station building in centre flanked by vignettes of steam engine and tender and passenger carriages, a detailed map of the railway below, blue, red and yellow, text all in Chinese but if you look closely the company name is in English on the locomotives’ tender, with envelope of issue, very fine. HK$8,000-10,000
800 Chemins de Fer de L’Indo-Chine et du Yunnan, a pair of specimen certificates for 500 franc bonds, Paris 1901, simple black printing, minor print layout differences, with coupons, overprinted ‘SPECIMEN’ in red, together with a proof/specimen advertising broadside for the issue, black with pencil annotations, very fine and rare (3) HK$6,000-8,000
801 East Chinese Railway Company, 1897 4% Loan, bond for 100 roubles, no.03762, ornate border, brown and black, text in Russian with French and German on the reverse, lacks coupons, tiny ink mark at extreme right edge otherwise about extremely fine and rare. HK$35,000-45,000
802 South Manchuria Railway Co. Ltd., 10 shares of 50 gold yen, Showa 8 (1934), no.65472, steam train at top, ornate border, Chinese/Japanese text with title in English at bottom, brown and black, very fine. HK$600-800
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Bonds and Share Certificates of China and Hong Kong 803 Sun Ning Railroad Co., a pair of dividend booklets dated 1908, small format bound booklets each of 12 pages, black printing with pink paper covers, text all in Chinese but both with embossed seal with name in English, very fine. (2) HK$600-800
SHIPPING AND DOCKS
806 China Navigation Co. Ltd., certificate for [£9500] stock, 18[90], no.219, small vignette of steamship within scrollwork at left, black, printed by Waterlow, Bros & Layton, text all in English, good very fine. HK$2,000-2,500
804 Tientsin Pukow Railway, 1% Per Mensum Workers Loan, bond for 5 yuan, 1927, no.005351, ornate border, oliver-green and black, red ‘chop’ in centre, with coupons, split at fold but good very fine. HK$2,000-2,500
807 China Steam Ship and Labuan Coal Co. Ltd., £20 shares, [£9] paid, 18[66], no.1145, scrollwork at left, black, embossed seal, very fine. HK$1,200-1,500
805 Tientsin-Pukow Railway Co., 1% Per Mensum Workers Loan, 1927 , bond for 50 Yuan, no.003497, ornate border, mauve and black, red ‘chop’ in centre, with coupons, light splitting on fold between bond and coupons otherwise about extremely fine. HK$2,000-2,500 www.spink.com
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810 Shanghai Dockyards Ltd., ordinary shares of 7 Hongkong dollars, 19[49], no.523, ornate border, blue, text all in English, good very fine. HK$1,000-1,200
BANKS 808 China Steam Ship and Labuan Coal Co. Ltd., a very scarce set of debentures for £20, no.41, £50, no.509 and £100, no.1069, 1865 large format, text all in English, embossed seals, with coupons, generally good very fine. (3) HK$5,000-7,000
811 Bank of Canton Ltd., a group of Refunding Notes, 1935, series A, $100 (128), series C, $10 (205) and series D, $5 (17), small format, text all in Chinese, English name in the embossed seal, red, mauve and green respectively, generally very fine and better. (350) HK$5,000-8,000
809 Shanghai City Ferry Co. Ltd., 5000 shares of 100 yuan, 1947, no.A000375, vignette of ferry at top, ornate border, orange and black, text all in Chinese with English name in the embossed seal, adhesive duty stamps, cancelled, pinholes and minor discolouration otherwise about very fine and scarce. HK$2,000-3,000 Page 35
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812 Bank of China, 10 shares of 100 yuan, 1915, ornate border, red and black, 4 pages, text all in Chinese, very fine and scarce. HK$8,000-10,000
813 Bank of China, Japan and the Straits, Ltd., £1 founders’ shares, 189[1], no.1782, signed by Frederick D. Sassoon as director, scrollwork at left, brown, together with an unused ordinary share certificate, 189-, dark blue, stamped CANCELLED, twice, the last with soiled bottom corners, the first about very fine. (2) HK$1,500-2,000
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814 Bank of China & Japan Ltd., £1 deferred shares, 189[5], no.23, signed by Frederick Sassoon as director, together with £8 ordinary shares, 189[1902], no.819, brown and black respectively, text all in English, the latter with ‘return of capital’ endorsements on face, the first good very fine, the second with ink stain and corner crease, very fine. (2) HK$1,500-2,000
815 Banque Industrielle de Chine, founders share of 500 francs, Paris 1913, #1556, very ornate piece with city view, dragons and architectural borders, blue and black, with coupons, good very fine. HK$2,000-2,500
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January 14, 2012 - Hong Kong 816 Banque Industrielle de Chine, founders share of 500 francs, Paris 1913, no.2870, very ornate piece with city view, dragons and architectural borders, blue and black, with coupons, extremely fine. HK$2,000-2,500
817 Banque Industrielle de Chine, a useful group of certificates comprising a nominative share of 500 francs, [1920], brown and yellow; bearer shares of 500 francs, 1913 (capital 45 million), 1919 (capital 75 million) and 1920 (capital 150 million), one issued and one unissued; a ‘bon de répartition’, 500 francs, 1923; a fractional ‘bon de répartition and a transactional settlement certificate, enabling the holder to exchange these for the 1925 Boxer Loan bonds, the first and last are scarce, the last with old tape repairs at left, very fine or better unless stated. (8) HK$1,500-2,000
818 Banque Industrielle de Chine, Transactional Settlement Certificate, entitling the owner to exchange for the new 1925 5% Gold ‘Boxer’ bonds, ornate border, brown, yellow underprint, small edge tear at top, good very fine. HK$1,000-1,200
819 Chartered Bank of India, Australia & China, certificate for 1 share, 185[4], no.5134, ornate scrollwork at left, black, lovely embossed seal, very fine. HK$4,000-5,000
820 Commercial Bank of China, Shanghai, 1 share of 100 yuan, 1937, attractive piece with two rampant lions flanking logo, ornate border, brown and black, text all in Chinese but seal also in English, adhesive revenue stamp, good very fine. HK$6,000-8,000
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Bonds and Share Certificates of China and Hong Kong
821 Hongkong and Shanghai Banking Corporation, $125 shares, London register 18[90], no.5807, arms in centre, blue and red, ink cancelled over signatures, lightly discoloured at edges, about very fine and a rare early date. HK$6,000-8,000
824 National Commercial & Savings Bank Ltd., $10 ‘B’ preference shares, 19[36], no.2863, ornate border and floral design at left, red, printed in Hong Kong, text in English with some Chinese characters at the top, very fine and scarce type. HK$3,000-4,000
822 Hongkong and Shanghai Banking Corporation, a specimen certificate for $125 shares, London Register 19- (circa 1930), arms in centre, blue and red, printed by Barclay & Fry, with counterfoil, extremely fine. HK$1,200-1,500
825 National Commercial & Savings Bank Ltd., $10 ordinary shares, overprinted $1 in red, 19[39], no.1630, ornate border with attractive floral scrollwork at left, blue, red overprint of capital restructure, text mostly in English, good very fine. HK$3,000-4,000 823 Mei Feng Bank of Szechuan (American Oriental Bank of Szechuan), 10 shares of 100 yuan, 1937, no.01045, ornate border, brown, red and black, yellow underprint, text all in Chinese with Chinese name in English at the top, adhesive revenue stamps, with many coupons, very fine and scarce. HK$3,000-4,000
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826 New Oriental Bank Corporation Ltd., 3% debentures, a part set of specimen debentures for £10, £50, £500 and £1000 from the Bradbury, Wilkinson & Co. archive, 30th September 1885, small format pieces with head of Britannia top centre, black, green underprint, with all coupons (2 missing on the £1000), numbered 0000, generally extremely fine. (4) HK$3,000-4,000
827 New Oriental Bank Corporation Ltd., 4% debentures, a set of specimen debentures for £10, £50, £100, £500 and £1000 from the Bradbury, Wilkinson & Co. archive, 30th September 1885, small format pieces with head of Britannia top centre, black, blue underprint, with all coupons, numbered 0000, generally extremely fine. (5) HK$3,000-4,000
828 New Oriental Bank Corporation Ltd., 5% debentures, a set of specimen debentures for £10, £50, £100, £500 and £1000 from the Bradbury, Wilkinson & Co. archive, 30th September 1885, small format pieces with head of Britannia top centre, black, pink underprint, with all coupons, numbered 0000, generally extremely fine. (5) HK$3,000-4,000
829 New Oriental Bank Corporation Ltd., 31⁄ 2 % perpetual debenture stock, a set of specimen debenture stock warrants for £10, £50 and £100, from the Bradbury, Wilkinson & Co. archive, 31st December 1885, small format pieces with head of Britannia at top, black, yellow underprint, with all coupons, numbered 000, small hole cancels, extremely fine. (3) HK$2,000-2,500
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Bonds and Share Certificates of China and Hong Kong
INSURANCE COMPANIES
830 Taiwan Bank Co. Ltd., 10 shares of 100 yen, Showa 15 (1940), vignette of shrine in centre, ornate border, mauve and black, extremely fine and scarce. HK$2,000-3,000
831 A group of three ‘foreign’ bank shares, Credit Foncier Chinois, preference share, Paris 1910, RussoAsiatic Bank, 187.50 roubles share, St.Petersburg 1911 and Banque Franco-Chinoise pour le Commerce & L’Industrie, 100 franc share, category ‘B’, Paris 1927, all very fine or better. (3) HK$1,000-1,200
COMMODITY EXCHANGE
832 Tsingtao Exchange Co. Ltd., 10 shares of 50 yen, Taisho 14 (1925), very attractive piece with vignette of domed building in centre, various produce at either side, ornate border, mauve and black, red ‘chops’, good very fine. HK$3,000-4,000
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833 Chai On Marine Insurance Co. Ltd., certificate for $100 shares, 1895, typical early Chinese format with test all in Chinese, ornate border, black and red, embossed seal, very fine. HK$6,000-8,000 An example of this piece sold for $HK14,000 in our January 2011 sale.
834 China Fire Insurance Co. Ltd., a specimen certificate for 500 dollar shares, Hongkong 18(printers’ annotation for 1881), very ornate border, text in English with title and a few other details also in Chinese, black, with counterfoil, printed by Henry S. King of London, glue residue on reverse of counterfoil and slight damage at the bottom left corner otherwise extremely fine. HK$2,500-3,500
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January 14, 2012 - Hong Kong 837 Leun On Fire & Marine Insurance Co. Ltd., 12.5 dollar shares, 1955, ornate border, name in English and Chinese but the rest of the text all in Chinese, green and black, pink underprint, fine to very fine. HK$2,000-2,500
835 Hongkong Fire Insurance Co. Ltd., a specimen certificate for 1000 dollar shares, Hongkong 18(printers’ annotation for 1881), very ornate border, text in English with title only in Chinese, black, with counterfoil, printed by Rex & Co. of London, glue residue on reverse of counterfoil otherwise extremely fine. HK$3,000-4,000
838 Lun Tai Mutual Fire and Marine Insurance Co. Ltd., $25 shares, 1916, ornate border, green and black, Chinese text on one side with English on the other, very fine. HK$2,000-2,500
836 Leun On Fire & Marine Insurance Co. Ltd., 12.5 dollar shares, Showa 19 (1944) ornate border, name in English and Chinese but the rest of the text all in Chinese, green and black, pink underprint, small piece missing from right edge, fine to very fine. HK$2,000-2,500
839 Shanghai Fire & Marine Insurance Co. Ltd., $25 shares, 19[23], no.1210, text in English on one side with Chinese on the other, green, brown and black, paper a little tone, fine but rare. HK$2,000-2,500
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Bonds and Share Certificates of China and Hong Kong 840 Shanghai Fire & Marine Insurance Co. Ltd., a fire policy dated 1943, insuring a building in Peking, large format, black, adhesive revenue stamps, with attachments; together with miscellaneous deposit receipts and share receipts (4), generaly very fine. (5) HK$1,000-1,200
LAND AND INVESTMENT COMPANIES
842 Anglo-Chinese Trust & Mercantile Corporation Ltd., ÂŁ100 guaranteed mortgage bond, 192[2], no.95, lare format piece with ornate border, brown and black with red paper seal, with coupons, small piece missing from bottom left corner otherwise very fine. HK$1,200-1,500
841 Wing On Fire & Marine Insurance Co. Ltd., fire insurance policy for $500, 1940, large format piece with vignette at top, very fine. HK$600-800
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845 China Realty Co. (Fed. Inc. U.S.A.), $10 shares, Chinese currency, 19[41], no.6256, ornate border, blue and black, yellow underprint, gold seal, good very fine. HK$2,000-2,500
843 Asia Realty Co., of Shanghai, first mortgage 6% debenture, 1930, for 1000 taels, no.0472, American eagle at top, ornate border, brown and black, with coupons, good very fine. HK$800-1,000
846 Chung Hwa Development Corporation Ltd., $10 shares, 1944, no.2670, ornate border with scrollwork, grey with pink underprint, red seal, text in Chinese with name in English in medallion at top, very fine. HK$800-1,000
844 Cathay Land Co. Ltd., Hong Kong, 6% debenture for 1000 taels, 193[2], no.322, large format piece printed in black on light blue-grey paper, additional red printing at top, very fine. HK$1,400-1,800 Page 43
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Bonds and Share Certificates of China and Hong Kong
847 Comptoir Charles Ley S.A., pair of bearer certificates for 1000 Chinese dollars, Brussels 1923, and with increased capital 1925, ornate borders, blue and yellow, with coupons, about extremely fine (2). HK$2,000-2,500 The company was headquartered in Peking but administered from Brussels. The original share capital was 200 shares of 1000 dollars each which was doubled in 1925 by a new issue of certificates. As far as we can ascertain this Belgian finance house represented many Belgian businesses trading in China.
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848 Hongkong & Kowloon Land & Loan Co. Ltd., $100 shares, 1911 (red overprint of date of issue), ornate border, typical early Chinese format with scrollwork border, text all in Chinese, English name in the red seal, ink cancelled, filing holes at left, very fine. HK$1,500-2,000
849 Hongkong & Kowloon Land & Loan Co. Ltd., a group of 5 certificates for $100 shares, various dates, 1895 (2), 1900, 1911 and 1916, similar to the previous lot, black and red, all cancelled, together with two printed receipts, a dividend booklet and an envelope of issue, one with wormholes, all with filing holes, fine and better. HK$6,000-8,000
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851 Shanghai Land Investment Company Ltd., 5 tael shares, fully paid, 19[41], no.12747, full height vignette of Chinese workman on a ladder working on the roof of a building, brown, very fine. HK$1,200-1,500 850 Luen Tsui Investment Co. Ltd., Hong Kong, $500 shares, 1932, ornate border, blue and black, text all in Chinese except the company name, red ‘chops’, ink cancelled, very fine. HK$1,200-1,500
Registered in Hong Kong. We sold a similar piece in January 2011 which showed the capital in both dollars and taels but this shows only taels although a later overprint shows an increase in capital in dollars only.
852 Shanghai Savings and Investment Co. Ltd., $4 shares, 1933, ornate border, orange and black, yellow underprint, text all in Chinese, embossed seal which also has the company name in English, very fine. HK$1,000-1,200
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Bonds and Share Certificates of China and Hong Kong
853 Sing Chung Realty Investment Co. Ltd., 5000 shares of 10 yuan, overprinted in red, 1000 shares of 10 yuan, 1944, no.04056, ornate border comprising numerous houses, factories, office buildings and skyscrapers, red and black, text all in Chinese, adhesive revenue stamps on reverse, extremely fine. HK$800-1,000
854 Sing Ya Properties Co. Ltd., 10 yuan shares, 1944, no.105471, globe with ring of stars at top, ornate border, brown and black, good very fine. HK$1,200-1,500
855 Taipei Trust Co. Ltd., pair of certificates for 1 and 10 shares of 50 gold yen, Taisho 8 (1920), ornate borders, brown and blue-green respectievly, good very fine. (2) HK$1,000-1,200
856 Tientsin Land Investment Co. Ltd., general mortgage loan of 1929, 100 tael debenture, no.A0185, vignette of shrine, ornate border, green and black, yellow underprint, printed by Waterlow & Sons, with coupons, about extremely fine. HK$1,500-1,800
857 Tientsin Land Investment Co. Ltd., general mortgage loan of 1929, 100 tael debenture, no.A0166, vignette of shrine, ornate border, green and black, yellow underprint, printed by Waterlow & Sons, with coupons, about extremely fine. HK$1,500-1,800
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858 Trust and Loan Company of China, Japan and the Straits Ltd., £1 founders’ shares, 189[0], no.95, signed by Frederick D. Sassoon as director, ornate border with scrollwork at left, brown, fine to very fine. HK$1,500-2,000
860 Yeh An Properties Co. Ltd., 500 shares of 10 yuan, 1944, no.A06953, very decorative border, red and black, red seal, adhesive revenue stamps, text all in Chinese, good very fine. HK$1,000-1,200
MINING COMPANIES
859 Tunway Realty Corporation, 500 shares of 10 yuan, 1944, no.01343, building at top centre, brown and black, adhesive revenue stamps on reverse, small nick at top edge, almost extremely fine. HK$800-1,000 861 Anglo-French Quicksilver & Mining Concession (Kwei-Chau Province) of China Ltd., £1 cumulative preference shares, 1[899], no.200, large format piece with text in English and French, scrollwork at left, black, very fine. HK$1,800-2,200
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Bonds and Share Certificates of China and Hong Kong
862 Belmont Consolidated Mining Co., 100 tael shares, Shanghai 189[8], no.412, black on cream paper, text all in English, directors also sign as liquidators, very fine and scarce. HK$1,500-2,000
863 British Hunan Mining Syndicate Ltd., £1 ordinary shares, 190[5], no.9, scrollwork at left, black, text all in English, about extremely fine. HK$800-1,000
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864 Canton Syndicate Ltd., £1 ordinary shares, 18[98], no.28, ornate border, black, text all in English, with small transfer document, good very fine. HK$800-1,000
865 Chinese Engineering and Mining Co. Ltd., nominative certificate, £1 shares, 19[21], no.1969, Britannia and miner at work with pagoda and Chinese junk in background, blue, printed by Waterlow & Sons, capital increased to £2,000,000 by endorsement, centre fold, very fine. HK$1,500-1,800
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January 14, 2012 - Hong Kong 869 Chinese Engineering and Mining Co. Ltd., bearer warrant for 10 shares of £1, 19[30], no.C25741, Britannia and miner at work with pagoda and Chinese junk in background, orange and black, printed by Waterlow & Sons, capital £2,000,000, with coupons, good bottom edge, good very fine. HK$1,000-1,200
866 Chinese Engineering and Mining Co. Ltd., bearer warrant for 100 shares of £1, 19[12], no.F1815, Britannia and miner at work with pagoda and Chinese junk in background, blue and black, printed by Waterlow & Sons, capital £1,000,000, with coupons, tears at top edge with small pieces missing at top right and left, uneven bottom margin, fine but scarce issue. HK$1,000-1,200
867 Chinese Engineering and Mining Co. Ltd., a group of 3 bearer warrants for 2 shares, 19[21], 4 shares, 19[21] and 5 shares, 19[30], Britannia and miner at work with pagoda and Chinese junk in background in centre, mauve, green and brown respectively, printed by Waterlow & Sons, capital £2,000,000, with coupons, the first with ink stains, bottom edge cut close or with tears, fine to about very fine. (3) HK$1,800-2,200
870 Eastern Pioneer Co. Ltd., £1 shares, fully paid, 19[14], no.2196, dragon just below title, scrollwork left, red, centre fold, about very fine HK$1,200-1,500 Registered in England in 1899 to acquire mining concessions in China and Korea.
868 Chinese Engineering and Mining Co. Ltd., bearer warrant for 5 shares of £1, 19[21], no.B19322, Britannia and miner at work with pagoda and Chinese junk in background, brown and black, printed by Waterlow & Sons, capital £2,000,000, with coupons, good bottom edge, very fine HK$1,000-1,200
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Bonds and Share Certificates of China and Hong Kong
873 Han-Yeh-Ping Iron & Coal Co. Ltd., $50 shares, 1913 ornate border, green and black with yellow underprint, text in Chinese but title in English, details of the company in English on the reverse, together with certificate of payments records, good very fine. HK$3,000-4,000
871 Fu He Coal & Tin Mining Co., Kwangsi, 100 yuan share, 1915, ornate border of flowers and scrollwork, mauve, green underprint, red ‘chops’ in centre, text all in Chinese but with English name (not fully readable) in seal at extreme left, some water staining with small hole in body at the lower left, fine to about very fine. HK$4,000-5,000
872 Great Eastern and Caledonian Gold Mining Co. Ltd., $4 ordinary shares, Hongkong 1[900], no.334, ornate border, blue on off white paper, seal depicts mountain range, good very fine. HK$1,200-1,800 www.spink.com
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874 Han-Yeh-Ping Iron & Coal Co. Ltd., 20 shares of 50 yuan, 1914, ornate border, green and black, text in Chinese with company name in English, rust mark at top right, very fine. HK$3,000-4,000
875 London & China Syndicate Ltd., pair of certificates for £1 ordinary shares, 19[05], no.251, and 1/deferred shares, 19[01], no.556, ornate borders, scrollwork left, green and yellow respectively, printed by Waterlow & Sons, very fine. (2) HK$2,500-3,000 An English Company registered in 1900 to acquire the Anhui Mining concession, amongst others.
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876 Pekin Syndicate Limited, a pair of bearer share certificates for 5 Shansi shares and 25 Shansi shares of £1, 19[10] and [1909], ordinary share capital shown as 39,900 shares, vignettes of harbour scene flanked by steam train and mine, ornate border, green, yellow and black, with coupons, several endorsements on face, generally very fine. (2) HK$1,500-2,000 877 Pekin Syndicate Limited, a pair of bearer share certificates for 1 Shansi share and 5 Shansi shares of £1, 19[11] and [1911], ordinary share capital shown as 399,000 shares, vignettes of harbour scene flanked by steam train and mine, ornate border, green, yellow and black, with coupons, several endorsements on face, generally very fine. (2) HK$1,500-2,000
879 Po Tung Coal Mine Company Ltd., Hwa County, Kwangtung Province, $5 shares, 1920, a very attractive traditional Chinese design of village and stream with mountain and rising sun in the background, title in scrollwork, black, red ‘chops’, text all in Chinese, very fine. HK$4,000-5,000
878 Pekin Syndicate Limited, a registered certificate for deferred shares of one shilling, [1934], no.4631, attractive title, scrollwork at left incorporating Chinese character, text in English and French, black, small rust mark at top, very fine and scarce type. HK$1,200-1,500
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Bonds and Share Certificates of China and Hong Kong
880 South Manhcurian Syndicate Ltd., ‘B’ shares of 1/-, [1912], no.16, light floral design at left, black on pink paper, top edge a little trimmed but about very fine. HK$1,000-1,200 An English Company formed to acquire mineral concessions in Manchuria.
882 Syndicat du Yunnan Ltd., pair of certificates for £1 ordinary shares, 1/- deferred shares, both 190[1], both issued to the same shareholder, scrollwork at left, blue and black on blue-green paper, creased with dirty top right corners, remains of crayon ‘valueless’ across face, good fine and about very fine. (2) HK$1,500-1,800 Formed in England as the Anglo-French Syndicate Ltd., to acquire concessions, control public works and promote companies in western China.
881 Sun Syndicate Ltd., a pair of certificates for £1 ordinary shares and 1/- deferred shares, both [1900], issued to the same shareholder, small dragon within scrollwork at left, black on yellow paper and black on white paper respectively, about very fine. (2) HK$1,800-2,200 An English Company formed to acquire mineral concessions within China.
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883 Yang-Tse Corporation Ltd., £1 ordinary shares, 189[9], no.171, together with 5/- preferred ordinary shares, [1921], no.411, dragon under title, ornate borders, black, pink underprint and brown with yellow underprint, the first with capital adjusted by overprint, fine to very fine. (2) HK$1,500-2,000
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884 Yangtse Valley Co. Ltd., pair of certificates for deferred shares of 1 shilling, 19[05] and 19[14], scrollwork at left with Chinese characters within, red-brown, different capital, the first with decrease overprinted, the first with some staining lower centre, very fine or nearly so. (2) HK$1,500-2,000
PUBLIC UTILITIES
885 Fu Li (Welfare) Electric Lamps Co., $100 shares, 1932, very large format piece with ornate floral borders, building flying red flag at top, brown and red with green underprint, text all in Chinese, red ‘chops’, small rust marks at top right, very fine. HK$3,000-4,000
886 Han Chen Water & Electricity Co. Ltd., 5 shares of $10, 1930, no.B000634, very attractive piece with vignettes of generating stations, water tower, water tap, electricity pylons, orange with pale blue underprint, text all in Chinese, adhesive revenue stamps, heavy vertical centre fold, very fine. HK$3,000-4,000
887 Han Chen Water & Electricity Co. Ltd., 100 shares of $10, 1937, no.E001813, very attractive piece with vignettes of generating stations, water tower, water tap, electricity pylons, brown with pink underprint, text all in Chinese, adhesive revenue stamp, heavy vertical centre fold, very fine. HK$2,000-2,500 Page 53
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Bonds and Share Certificates of China and Hong Kong
888 Hankow Light and Power Co. Ltd., a group of 3 certificates comprising £10 ordinary shares, 19[15], no.380, 1/- deferred shares, 190[14], no.313, these with a capital of £20,100, and £5 preference shares, 19[20], no.144, this with capital of £40,100, overprinted £60,100 in black, scrollwork at left, black, red and turquoise, the first with small repaired tear at top, about very fine, the second better. (3) HK$2,000-2,500
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889 Hankow Light & Power Co. Ltd., bearer warrant for one ordinary share of £10, 19[16], no.1602, ornate border, black, pink underprint, capital £20,100, with coupons, couple of small edge nicks, very fine. HK$1,000-1,200
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891 Kwang Tung Electric Supply Co. Ltd., $10 shares, 1924, no.0963, ornate border comprising several electric lamps, grey and black, text in Chinese and some English, very fine. HK$1,200-1,500
890 Hankow Light & Power Co. Ltd., a group of bearer warrants for 1 preference share of £5, 19[20], no.1525, 1 ordinary share of £10, 19[20]. no.1420, both with capital £40,100 overprinted £60,100 in black, and, 1 second preference share of £5, 19[29], no.1664, capital £80,100, all with ornate border, with coupons, the second with a few rust marks, very fine and better. (3) HK$2,000-2,500
892 L’Energie Electrique de Tientsin, 7% bond for $100 (local currency), 1939, no.1309, large format piece with ornate border, text all in French, red-brown with pale green underprint, with coupons, very fine. HK$1,500-2,000 Page 55
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Bonds and Share Certificates of China and Hong Kong
895 Shanghai Chinese Electric Co. Ltd., 10,000 shares of 10 yuan, 1947, no.214419, ornate border, green and black, text all in Chinese, extremely fine. HK$800-1,000 893 Peking Water Supply Co. Ltd., an unissued certificate for $10 shares, circa 1908, black, text all in Chinese, red ‘chops’ in centre, still attached to counterfoil, ink cancelled, very fine to extremely fine. HK$2,500-3,000
894 Shanghai Chapei Water & Electric Co. Ltd., 10 yuan shares, 1948, no.022742, ornate border, green and black, adhesive revenue stamp, text all in Chinese, embossed seal, extremely fine. HK$800-1,000
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896 Shanghai Electric Construction Co. Ltd., a specimen certificate for 10 shares of £10, 19-, from the Bradbury, Wilkinson & Co. archive, very ornate borders with vignette of tramcar at top left, blue and black, capital £320,000, with coupons, numbered C000 (C151-C400 in bottom margin), printer’s annotation at top for 1908, extremely fine. HK$1,500-2,000
897 Shanghai Electric Construction Co. Ltd., a specimen certificate for 50 shares of £1, 19-, from the Bradbury, Wilkinson & Co. archive, very ornate borders with vignette of tramcar at top left, green and red-brown, capital £700,000, with coupons, numbered B0000 (B1001-B1200 in top margin), printer’s annotation for 1930 in top margin, extremely fine. HK$1,500-2,000
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898 Shanghai Electric Construction Co. Ltd., a specimen certificate for 100 shares of £1, 19-, from the Bradbury, Wilkinson & Co. archive, very ornate borders with vignette of tramcar at top left, blue and red-brown, capital £700,000, with coupons, numbered C0000 (B3301-B3500 in top margin), printer’s annotation for 1931 in top margin, extremely fine. HK$1,500-2,000
899 Shanghai Electric Construction Co. Ltd., a pair of unissued certificates for 10 shares and 50 shares of £1 each, no.A1797 and B1175, circa 1930, very ornate borders with vignette of tramcar at top left, brown and red-brown and green and red-brown, capital £700,000, printed by Bardbury, Wilkinson & Co., with coupons, extremely fine. (2) HK$1,500-2,000
901 Shanghai Power Company, 1934, 51⁄ 2 % First Mortgage Debenture, due 1973, a specimen certificate for $1000 Chinese currency, from the American Bank Note Co. archives lovely view of Shanghai from the water, ornate border, olive-green and black, numbered 00000 and overprinted SPECIMEN in red at bottom, with coupons, tear at right otherwise good very fine. HK$3,000-4,000
900 Shanghai Power Company, first mortgage 51⁄ 2 % debenture, C$10,000, 1934, no.R9105, vignette of Shanghai harbour but with red overprint across the entire view, red and black, printed by the American Bank Note Co., good very fine. HK$1,000-1,200
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Bonds and Share Certificates of China and Hong Kong
904 Shao Chow Electric and Lighting Company, certificate for 1 ordinary share of 50 yuan, 1928, and 1 preference share of 25 yuan, also 1928, issued to the chairman of the company, attractive borders, blue with yellow and yellow-green underprints, red ‘chops’, adhesive revenue stamps, together with a licence to operate granted by the Government in 1915, with envelopes of issue, very fine and about extremely fine and scarce. (2) HK$6,000-8,000 902 Shanghai Power Company, 1934, 51⁄ 2 % First Mortgage Debenture, due 1973, a specimen certificate for $10,000 Chinese currency, from the American Bank Note Co. archives, lovely view of Shanghai from the water, ornate border, brown and black, numbered 00000 and overprinted SPECIMEN in red at bottom, with coupons, good very fine. HK$3,500-4,500
905 Shao Chow Electric and Lighting Company, certificate for 1 preference share of 25 yuan, 1928, issued to the chairman of the company, attractive borders, blue with yellow-green underprint, red ‘chops’, adhesive revenue stamps, about extremely fine and scarce. HK$3,000-4,000
SPORT AND RECREATION
903 Shanghai Telephone Co., Federal Inc. U.S.A., 31⁄ 2 % Cumulative Participating Preferred stock certificate, 19[48], no.AP01213, ornate border, yellow and black, text all in English, large edge tears at top and right with a small loss in the centre top margin, fair but scarce. HK$800-1,000 www.spink.com
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906 Canton Fooklee Race Club Ltd., 10 shares of $20, Canton 1922, racehorses and riders in bottom corners, ornate border with stylised horses heads and scrollwork, mauve and black, text in Chinese and English, with coupons, nearly extremely fine and rare. HK$5,000-6,000
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January 14, 2012 - Hong Kong 907 China Sports Stadium Co. Ltd., share receipt for 5000 yuan, 1944, no.A007319, black on blue paper, red ‘chops’, embossed seal, good very fine. HK$800-1,000
910 Hankow Race Club and Recreation Ground, 7% $100 first mortgage debenture, 192[3], no.2200, ornate border, black and red, embossed seal, extremely fine. HK$2,000-2,500
908 Hankow Club, 250 tael 6% debenture, 19[15], no.168, together with 250 tael 7% second debenture, 19[24], no.232, ornate border, green, the first with several folds, good fine, the second good very fine. (2) HK$1,500-2,000
911 Le Champ de Courses Francais, 20 dollar nominative shares, Shanghai [1935], no.960, ornate border, underprint of racing greyhounds, brown and black, green underprint, Chinese characters in each corner, tear at left (60mm), otherwise very fine. HK$2,000-2,500
912 Le Champ de Courses Francais, 20 dollar nominative shares, Shanghai [1940], no.1171, similar to previous lot but increased capital overprinted in red, good very fine. HK$2,000-2,500 909 Hankow International Recreation Club, $25 ordinary shares, Hankow 193[1], no.0148, black with ornate yellow underprint, text in Chinese and English, folds with a few splits at bottom edge, small piece missing from bottom edge. HK$1,200-1,500 Page 59
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913 Peking International Recreation & Race Club (Nan Yuan Country Club), a collection of certificates comprising bearer certificate for founders share, 19[24], no.57; bearer certificate for common stock, 19[24], no.4, and registered certificate for common stock, 19[24], no.336, large format pieces, text in English on one side, Chinese on the other, ornate borders, red, green and blue respectively, heavy folds with some minor splitting at edges, a couple with old tape repairs on the reverse, fine but very rare. (3) HK$8,000-10,000 www.spink.com
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914 United Theatres (Inc. U.S.A.), 5 tael shares, [1932], no.0180, ornate border, green and black, text in English with title in Chinese, stamped cancelled, good very fine. HK$1,000-1,500
916 Anglo-Chinese Eastern Trading Co. Ltd., 7% cumulative preference shares of £1, 19[14], no.62, large factory complex at top left, ornate border, red and black with yellow underprint, text all in English, good very fine. HK$1,000-1,200
COMMERCIAL AND INDUSTRIAL
915 Aka Dine Wood Products Co. Ltd., pair of certificates for 1 and 5 shares (blue) of 1000 yen, Showa 18, issued to Chinese shareholders, ornate borders, green and black and blue, green and black, text all in Japanese, very fine to extremely fine. (2) HK$800-1,000
917 Anglo-Chinese Engineers’ Association Ltd., pair of certificates for deferred shares of 1/-, 191[9], no.101, and preference shares of £10, 19[19], no.66, ornate border, mauve and black on buff paper and blue respectively, text all in English, the last with a couple of small edge tears, fine to very fine. (2) HK$1,500-2,000
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918 Anglo-Chinese Fibre Co. Ltd., £1 ordinary shares, 1900, no.16, black printing, all in English, good very fine. HK$800-1,000 920 Birt’s Wharf Hide-Curing and Wool-Cleaning Company, 50 tael shares, Shanghai 1888, no.287, black on blue-green paper, crayon cancellation over signature, good very fine and scarce. HK$3,000-4,000
919 Asia Manufacturing and Construction Co. Ltd., a specimen preferred stock certificate for $100 US gold shares, circa 1930, allegorical figure at top, blue and black, printed by American Bank Note Co., overprinted ‘SPECIMEN’ in red, with counterfoil, extremely fine. HK$2,000-3,000
921 Campbell, Moore & Co. Ltd., 10 dollar shares, Hongkong 188[6], no.45, ornate border, black, text all in English, small tear at top edge, very fine. HK$800-1,000
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922 Canton Butchering Company, $100 shares, 1929, large format piece with ornate border with floral designs in top corners, brown with yellow underprint, text all in Chinese, adhesive revenue stamp, a little toned, about very fine. HK$2,000-2,500
924 Central-China Post Ltd., $100 shares [1923], no.4, ornate border, red and black, on grey paper, text all in English, spelling mistake in the text ‘Centrral’ corrected by hand, very fine. HK$1,500-2,000
925 Central China Tobacco Company, 100 shares of 50 gold yen, 16 Showa ornate border incorporating vignettes of ship at dockside, tobacco picking, factory and company logo, blue and black, text all in Chinese/Japanese, extremely fine. HK$2,000-2,500 923 Canton Da Sheng Faeces Clearing Company, certificate for shares, total $200, 1935, large format piece with ornate borders, floral designs at top corners, brown and black, text all in Chinese, adhesive revenue stamps, red ‘chops’, very fine. HK$4,000-6,000
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Bonds and Share Certificates of China and Hong Kong
926 Century Bakelite Works Ltd., Hong Kong, $100 shares, 19[41], no.6, ornate border, green and black, Chinese text on one side with English on the other, has been framed, with remains of mount on the English side, about very fine. HK$1,200-1,500
927 Cheng Rubber Estates Ltd., 10 candareen shares, 19[41], no.6442, ornate border, brown and black, capital reduced from 5 taels per share to 10 candareens in red, printed by the Columbian Bank Note Company of Chicago, stamped cancelled, very fine. HK$800-1,000
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928 China Fibre Container Company (Fed. Inc. U.S.A.), $1 shares [1947], no.5450, issued to the Shanghai Stock Exchange, ornate border, blue, adhesive Chinese revenue stamps at left, very fine. HK$800-1,000
929 China Import & Export Lumber Co. Ltd., 10 tael shares, 19[41], no.8429, ornate border, brown, text mostly in English but with some Chinese characters, liquidation stamp at top left, very fine. HK$1,200-1,500
930 China Motor Corporation, a pair of unissued class A stock certificates of $100 per share, 19- (circa 1948), ornate border, green and black, text in English with Chinese title, with counterfoils, extremely fine. (2) HK$800-1,000
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931 China Paper Cutter Co. Ltd., 10 yuan shares, 1948, no.03152, ornate border, brown, red seal, yellow underprint, text all in Chinese, some damage at left edge otherwise very fine. HK$800-1,000
932 Chinese Foreign Knitting Company of China Ltd., $10 shares, Victoria, Hongkong 1915, no.238, ornate border, green with pink underprint, text in Chinese with title and a few other details also in English, red ‘chops’ on face, about very fine. HK$1,200-1,500
933 Chinese Merchants Association, New York City, a 4% loan note for [$50], 1925, no.1413, ornate border, orange and black, not signed by the President and Treasurer and not fully dated, English on the obverse, Chinese on the reverse, fine to very fine. HK$600-800
934 Chinwangtao Glass Company (Compagnie des Verreries de Chinwangtao), 500 franc ordinary share, 1923, 2 examples, numbers 9558 and 11136, ornate border, brown with yellow underprint, stamped with 3 repayments of capital totaling 506 francs, no coupons, very fine. (2) HK$800-1,000
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Bonds and Share Certificates of China and Hong Kong
935 Chung Yuan Yarn-Dye Co., 500 shares of 10 yuan, 1942, no.00334, ornate border with company logo at top, cherubs at bottom left and right, brown and black, red seal, good very fine. HK$800-1,000
936 Culty Dairy Co. Ltd., 10 tael shares, Shanghai 19[33], no.A554, ornate border, brown and black, text in English with title in Chinese, small red ink stain at right, very fine. HK$1,200-1,500
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937 Da Feng Industrial Supplies Co. Ltd., 100 yuan shares, capital 6,000,000 yuan, 1950, no.00547, ornate border, red and black, text all in Chinese, adhesive revenue stamp, very fine. HK$800-1,000
938 Fou Foong Flour Mill Co. Ltd., Shanghai, 100 yuan shares, 1920, no’s 3753-3802, photographic vignette of the flour mill, ornate border, brown and black, text in Chinese but seal in English as usual with Shanghai companies, adhesive revenue stamp, stamped cancelled in Chinese, very fine and scarce. HK$1,500-2,000
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939 Foo Foong Flour Co. Ltd., Shanghai, 100 yuan shares, 1943, ornate border, blue, red ‘chop’ at extreme left, text all in Chinese but seal in English, stamped cancelled, good very fine. HK$1,200-1,500 941 Hankow Dispensary Ltd., two certificates for 10 Hankow dollars, 192[5], no.133 and 192[9], no.188, both issued to W.D.B. Miller, one at an address in Hankow, the other in London, ornate border, brown, text all in English, both very fine. (2) HK$1,500-2,000
940 Guo Hwa Metals Factory Co. Ltd., 10,000 yuan shares, capital 6 billion yuan, 1952, no.00006, ornate border, green and black, text all in Chinese, adhesive revenue stamp, stamped cancelled, very fine. HK$1,000-1,200
942 Heng-Chow Co. Ltd., one shilling ‘B’ shares, 192[0], no.24, ornate border, red, about very fine. HK$1,000-1,200
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943 Heng Da Hsin Chi Textiles Co. Ltd., 5000 shares of 10 yuan, 1945, no.561, ornate border with biplane, roll of cloth, mounted soldier and roll of wool in corners, red and black, green underprint, adhesive revenue stamps, text all in Chinese, good very fine. HK$800-1,000 945 Hou Hsing Company, $100 shares, 1934, ornate border, brown and black with pink underprint, fine to very fine. HK$1,200-1,500
944 Honor Company Ltd., Hong Kong, $100 shares, Canton currency, 1932, no.111, lovely vignette of the company’s shops and offices ornate border, brown and black with blue underprint, text all in Chinese with English on the reverse, good very fine. HK$4,000-5,000
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946 Jiu An Enterprises Co. Ltd., 500 shares of 10 yuan, 1947, no.103568, ornate border comprising vignettes of turbine, cog wheels and lathes, red and black, red seal, yellow underprint, cancelled, about very fine. HK$800-1,000
948 Kam Tong Restaurant Ltd., Hong Kong, 100 yuan shares, 1940, vignette of 3 storey building at top, ornate border, green, red seal, red ‘chops’, text all in Chinese apart from the company name, very fine. HK$2,000-3,000 Registered in Hong Kong in 1940 and dissolved in 1980. 947 John Richards & Co. Ltd., 10 tael ordinary shares, fully paid, Shanghai 19[19], no.43, blue printing, text in English, Chinese characters in the emobossed seal, a few edge tears with expert repairs, about very fine. HK$1,000-1,200
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Bonds and Share Certificates of China and Hong Kong
949 Kapala Islands Estates Ltd., 1 tael shares, Shanghai 19[17], no.1631, ornate border, black, fine to very fine. HK$1,000-1,500 A Shanghai Company owning rubber plantation in the Straits Settlements. Shanghai was a major market for Malayan rubber companies from the boom period in 1910 to the 1920’s.
950 Kuang He Yuan, $50 shares, 1929, ornate border, green and black, yellow underprint, text all in Chinese, cancelled, counterfoil reglued at right, fine to very fine. HK$800-1,000
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951 Kwong Shing Cheong Sandalwood Association Ltd., Hong Kong, $100 shares, 19[28], no.63, ornate border, mauve and black, capital increase overprinted in red, English on one side with Chinese on the other, very minor toning, very fine. HK$1,500-2,000
952 Luen Yick Hong, $100 shares, 1927, attractive piece with ornate border with Chinese name above, red with green underprint, text all in Chinese, tears at edges along centre fold, fine to very fine. HK$1,000-1,200
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953 Manchun Wing Wah Kee, Hong Kong, $100 shares, 1921, large format piece with ornate border, scrollwork at top, green with pink underprint, red ‘chops’, split at centre fold, fine to very fine. HK$1,200-1,500
954 Mei Tai Chemical Co. Ltd., a group of 3 certificates for 1 share, no.1586, 10 shares, no.7549 and 50 shares, 11915 of 25 yuan, 1943, ornate borders, brown, green and red respectively, text all in Chinese with company name in English in the embossed seal, adhesive revenue stamps, very fine and better. (3) HK$3,000-4,000
955 Mei Tai Chemical Co. Ltd., 2 certificates for 5000 yuan shares, 1947, no’s 469 and 929, ornate border, brown and black, text all in Chinese, together with a receipt for shares in the Kiang Nan Cement Co. Ltd., 1948, fine but scarce. (3) HK$1,200-1,500
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956 Mei Ya Weaving Mill Co. Ltd., 500,000 shares of 10 yuan, 1948, no.01469, very ornate border with several robed females either seated or standing, green, red and black, text all in Chinese, good very fine. HK$1,000-1,200
958 Quong Jee Sue Kouk Ltd., certificate for 1 share of 20 yuan, Shanghai 19[02], no.1314, attractive piece in both Chinese and English with ornate border, mauve and black, pale green underprint, embossed seal, very fine. HK$12,000-18,000 The second of only two examples found in the Goudey Collection. The first was sold for HK$19,000 in January 2011.
957 Nanyang Brothers Tobacco Co. Ltd., 200 shares of 10 yuan, 1945, no.00585, office building at top, blue-grey, red seal, text all in Chinese, good very fine. HK$1,000-1,200 959 Sino French Drugstore Co. Ltd., 50000 shares of 10 yuan, 1947, no.4194, ornate border, orange and black, red seal, adhesive revenue stamps on the reverse, about extremely fine. HK$800-1,000
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960 South Manchuria Sugar Manufacturing Co. Ltd., 10 shares of 50 yen, 1916, no.01484, ornate border, logo at top, brown and black, text in Chinese/Japanese and English, extremely fine. HK$1,200-1,500
962 Sun Sun Co. Ltd., Shanghai, $10 shares, 1945, no.02674, ornate border, vignette of department store in underprint, red and black, yellow underprint, with coupons at right, adhesive revenue stamp, rust mark at top left edge, very fine. HK$1,000-1,500
963 Tai Sang Hong Co. Ltd., $1000 share, 1938, large format piece with ornate floral border, green with pale green underprint, text all in Chinese with English name in the embossed seal, adhesive revenue stamps, small worm holes in the body at the left side, very fine. HK$1,200-1,500
961 Sun Sun Co. Ltd., Shanghai, 20 yuan shares, 1936, no.08557, lovely vignette of the department store at top, ornate border, brown and black with pale blue underprint, red seal, text all in Chinese but with English name in the bottom border, adhesive revenue stamp, good very fine and scarce. HK$4,000-5,000
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966 Tung Wei Enterprise Co., 10 shares of $100, 1917, ornate, almost Moorish, border design, mauve and black, yellow underprint, text all in Chinese, filing holes in right margin, very fine. HK$1,200-1,500
964 Taishan County Public Road, 5 yuan share, 1929, ornate border, red and black, red ‘chops’ in centre, text all in Chinese, good very fine. HK$800-1,000
965 Tung Fung Printing Co. Ltd., provisional certificate for 10,000 shares of 10 yuan, 1947, no.01832, ornate border, blue, red and black, adhesive revenue stamp, cancelled, very fine. HK$800-1,000
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967 United Enamelling Co. Ltd., 100,000 shares of 10 yuan, 1947, no.504239, ornate border, ruyi sceptre in underprint; 100,000 shares, 1948, no.1006387, ornate border, green, yellow underprint, sceptre at top; together with a receipt for the redemption of 360,000 shares, 1948, blue and black, generally very fine. (3) HK$800-1,000
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970 Yi Chang Rubber Co. Ltd., 50,000 shares of 100 renminbi, 1953, no.000332, ornate border, red and black with yellow underprint, red seal, filing holes at left, good very fine. HK$1,000-1,200
968 World Hotel & Company, Kongmoon, $100 share, 1925, attractive piece with vignette of Hotel at top, ornate border, mauve and black with green underprint, red ‘chops’ in centre, remains of small label at top right margin, very fine. HK$3,000-4,000 Only two examples found in the Goudey Collection.
971 Yong He Industry Co. Ltd., part issued certificate for 25 yuan shares, 1943, ornate border with small vignette of Chinese lady at top, mauve and black, text all in Chinese, centre fold but good very fine. HK$1,200-1,800
969 Wosang and Co. Ltd., Shanghai, 500 yuan share, 1937, large format piece with ornate border, blue with pink underprint, several red ‘chops’, text all in Chinese with English in the embossed seal, very fine. HK$1,400-1,800 Page 75
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Bonds and Share Certificates of China and Hong Kong
972 York Trading Co. Ltd., Hong Kong, $10 shares, 19[49]. no.1169, ornate border, green, text all in English, very fine. HK$800-1,000
974 Yuan Shan Thermal Spring Co. Ltd., 50 gold yen shares, 7 Showa (1932), ornate border, logo at top, green and black with yellow underprint, very fine. HK$800-1,000
975 Yunnan Rubber Estates Ltd., 2 shilling shares, fully paid, 19[36], no.1097, ornate border, red, very fine. HK$800-1,000
973 You Lee Company, $100 preference shares, 1932, ornate border, red-brown with pale green underprint, text all in Chinese, minor spotting, very fine. HK$1,200-1,500
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FRENCH INDO-CHINA
976 Gouvernement Général de L’Indo-Chine, 3% Loan, 1898, bond for 500 francs, 2nd issue dated Paris 1902, no.58,303, attractive border comprising railway and river scenes, natives at work and dragons, brown and dark green, pale green underprint, with coupons, together with other certificates from French Indochina (8), generally very fine and better. (9) HK$800-1,000
978 Banque de Cochinchine S.A., 250 franc nominative share (1908), no.17713, very striking design of golden sun in the centre with vignettes of buildings, workers in rice field, boats on river and stylised dragon, black on red paper, text in Chinese and French, good very fine. HK$2,500-3,000
977 Gouvernement Général de L’Indo-Chine, 31⁄ 2 % bond, 500 francs, third issue, 1905, no.54754, attractive French style piece with vignettes of dragons, peasants, steam train, ancient city and river boats, brown and black with grey underprint, with coupons, good very fine. HK$1,000-1,500
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Bonds and Share Certificates of China and Hong Kong
MACAO
979 Banco Nacional Ultramarino, certificate for 3 shares, 19[58], small circular medallion depicting steamship, ornate border, blue and black, dividend stamps on the reverse, very fine. HK$1,200-1,500
982 Banco Nacional Ultramarino, certificate for 10 shares, 19[70], small circular medallion depicting steamship, ornate border, brown and black, blue underprint, dividend stamps on the reverse, very fine. HK$1,200-1,500
MALAYA 980 Banco Nacional Ultramarino, certificate for 1 share, 19[64], small circular medallion depicting steamship, ornate border, red and black, dividend stamps on the reverse, very fine. HK$1,200-1,500
981 Banco Nacional Ultramarino, certificate for 5 shares, 19[70], small circular medallion depicting steamship, ornate border, mauve and black, pale green underprint, dividend stamps on the reverse, very fine. HK$1,200-1,500
983 SociĂŠtĂŠ des Etains de Selangor, 100 franc share, Paris 19[04], no.2761, very attractive piece with elephant, tiger, natives at work, Europeans and plantation camp, blue, with coupons, extremely fine. HK$1,500-2,000
END OF THE SALE www.spink.com
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Written Bids Form This form should be sent or faxed to be received by Spink Commission Bids Office in advance of the sale. References should be supplied in good time to be taken up before the sale. Bids received later than one hour before the start of the sale may not be processed. Spink China Limited, 9/F Malaysian Consulate Building, 50 Gloucester Road, Hong Kong Tel: 00852 25 300 100 Fax: 00852 25 266 128 Email: china@spink.com 69 Southampton Row, Bloomsbury, London WC1B 4ET Tel: +44(0)20 7563 4000 Fax: +44(0)20 7563 4037 Email: auctionteam@spink.com Available until Friday 13 January 5.00 p.m.
Sale Title
Date
Code Name
Sale No.
Bonds and Share Certificates of China and Hong Kong
Saturday 14 January 2012 at 5.30 p.m.
CANTON
12007
I request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below. I understand that if my bid is successful the Purchase Price payable will be the sum of the final bid and a premium as a percentage of the final bid (together with any VAT chargeable if Lots are sent to Spink London Office). The Rate of Premium is 20% of the final hammer price of each lot. All bids shall be treated as offers made on the Terms and Conditions printed in the catalogue. I also understand that Spink provides the service of executing bids on behalf of clients for the convenience of clients and that Spink will not be held responsible for failing to execute bids. If identical commission bids are received for the same Lot, the commission bid received first by Spink will take precedence. Please note that you will not be notified if there are higher written bids received. If you require such notification then this is available on bids made via Spink’s online service.
PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN HONG KONG DOLLARS Lot Number (in numerical order)
Price Bid HK$ (excluding Buyer’s Premium)
Lot Number (in numerical order)
Price Bid HK$ (excluding Buyer’s Premium)
Lot Number (in numerical order)
Price Bid HK$ (excluding Buyer’s Premium)
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Client Number (if known): ................................................Name: ..................................................................................... (Invoice name, please print) Address: ....................................................................................................................................................................................................... ..................................................................................................................................................Postcode: ................................................... Tel. (Home): .................................................................................(Office): ............................................................................................... Fax: ................................................................................................E-mail: ................................................................................................. Signature: ......................................................................................VAT No.: ............................................................................................. Please indicate the type of card:
Visa
Visa Debit
Mastercard
Switch
American Express
Payment made by Mastercard or Visa are subject to a 3% surcharge and American Express 4%. Card No: Signature
Start Date: Expiry Date
Issue No:
Security Code:
Name (on credit card)
Please charge all purchases to my card (See Terms and Conditions 5.3.3. (iii)) Do not charge my card. I will arrange to send payment. (Spink will only charge your card should you default on the payment terms agreed) Please hold purchased Lots for collection Continued...
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Sale No. 12007
Date: Saturday 14 January 2012
PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN HONG KONG DOLLARS Lot Number (in numerical order)
Price Bid HK$ (excluding Buyer’s Premium)
Lot Number (in numerical order)
Price Bid HK$ (excluding Buyer’s Premium)
Lot Number (in numerical order)
Price Bid HK$ (excluding Buyer’s Premium)
A trade and bank reference are required for NEW clients to Spink who wish to bid at this auction; either in person or by written bid. These should be sent and arrive at least SEVEN working days before the auction date. We regret that if these are not received, new clients may not be allowed to participate. References can be e-mailed to: china@spink.com or Fax: +852 266 128 or Telephone: +852 25 300 100.
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TERMS AND CONDITIONS FOR BUYERS These conditions set out the terms on which we Spink China Limited contract with you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.
1
DEFINITIONS The following definitions in this condition apply in these conditions.
2
3
Buyer’s Premium
means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below;
Certificate of Authenticity
means a certificate issued by an Expert Committee confirming the authenticity of a Lot;
Expert Committee
means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3;
Forgery
means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the description in the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordance with the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/or restoration work of any kind (including re-enamelling);
Hammer Price
means the amount of the highest bid accepted by the auctioneer in relation to a Lot;
Lot
means any item deposited with us for sale at auction and, in particular, the item or items described against any lot number in any catalogue;
Reserve
the amount below which we agree with the Seller that the Lot cannot be sold;
Seller
means the owner of the Lot being sold by us;
Spink Group
Spink China Limited, Spink and Son Ltd, and our associated companies.
VAT
Value added tax chargeable under the Value Added Tax Act in the United Kingdom and any similar replacement or additional tax.
SPINK CHINA’S ROLE AS AGENT 2.1
All sales undertaken by us either at auction or privately are undertaken either as agent on behalf of the Seller or from time to time, as principal if we are the owner of the Lot. Please note that even if we are acting as agent on behalf of the Seller rather than as principal, we may have a financial interest in the Lot.
2.2
The contract for the sale of the Lot will be between you and the Seller.
BEFORE THE SALE 3.1
Examination of goods You are strongly advised to examine personally any goods in which you are interested, before the auction takes place. Condition reports are usually available on request. We provide no guarantee to you other than in relation to Forgeries, as set out in clause 5.10 of these Terms and Conditions.
3.2
Catalogue descriptions 3.2.1 Statements by us in the catalogue or condition report, or made orally or in writing elsewhere, regarding the authorship, origin, date, age, size, medium, attribution, genuineness, provenance, condition or estimated selling price of any Lot are merely statements of opinion, and are not to be relied on as statements of definitive fact. Catalogue illustrations are for guidance only, and should not be relied on either to determine the tone or colour of any item or to reveal imperfections. Estimates of the selling price should not be relied on as a statement that this price is either the price at which the Lot will sell or its value for any other purpose. 3.2.2 Many items are of an age or nature which precludes their being in perfect condition and some descriptions in the catalogue or given by way of condition report make reference to damage and/or restoration. We provide this information for guidance only and the absence of such a reference does not imply that an item is free from defects or restoration nor does a reference to particular defects imply the absence of any others. 3.3.3 Other than as set out in clause 5.10, and in the absence of fraud, neither the Seller nor we, nor any of our employees or agents, are responsible for the correctness of any statement as to the authorship, origin, date, age, attribution, genuineness or provenance of any Lot nor for any other errors of description or for any faults or defects in any Lot. Any warranty of any kind whatsoever is excluded by this clause.
3.3
Your Responsibility You are responsible for satisfying yourself as to the condition of the goods and the matters referred to in the catalogue description.
3.4
Extensions – Stamps only 3.4.1 If you wish to obtain an expert opinion or Certificate of Authenticity on any Lot (other than a mixed lot or lot containing undescribed stamps) you must notify us in writing not less than forty-eight hours before the time fixed for the commencement of the first session of the auction. If accepted by us, such request shall have the same effect as notice of an intention to question the genuineness or description of the Lot for the purposes of clause 5.10 of these Terms and Conditions and the provisions of clause 5.10 shall apply accordingly. 3.4.2
Notice of a request for an expert opinion or Certificate of Authenticity must give the reason why such opinion is required and specify the identity of your proposed expert which will be subject to agreement by us.
3.4.3
If we accept a request for an expert opinion or Certificate of Authenticity we will submit the Lot to the Expert Committee.
3.4.4
We will not normally accept a request for an extension on account of condition. Any Lot described in the catalogue as having faults or defects may not be returned even if an expert opinion or Certificate of Authenticity cites other faults or defects not included in the catalogue description, other than in the case of a Forgery.
3.4.5
Should Spink China Limited accept a request for an extension under the foregoing provisions of this paragraph, the fact may be stated by the Auctioneer from the rostrum prior to the sale of the Lot.
3.4.6
It should be noted that any stamp accompanied by a Certificate of Authenticity is sold on the basis of that Certificate only and not on the basis of any other description or warranty as to authenticity. No request for an extension will be accepted on such a stamp and the return of such a stamp will not be accepted.
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AT THE SALE 4.1
4.9
Refusal of admission We have the right, exercisable at our complete discretion, to refuse admission to the premises or attendance at an auction.
4.2
4.3
Registration before bidding You must complete and sign a registration form and provide identification before making a bid at auction. Please be aware that we usually require buyers to undergo a credit check.
Up to HK$1,000 HK$1,000 to HK$3,000 HK$3,000 to HK$6,000
Some lots may be designated, prior to the auction, as “Premium lots”, which means a deposit may be required before placing a bid on the item for sale. Information will be posted on our website in such an event.
HK$6,000 to HK$10,000 HK$10,000 to HK$30,000 HK$30,000 to HK$60,000
Bidding as Principal
HK$60,000 to HK$200,000 HK$200,000 and up
When making a bid, you will be deemed to be acting as principal and will be accepting personal liability, unless it has been agreed in writing, at the time of registration, that you are acting as agent on behalf of a third party buyer acceptable to us. 4.4
Commission Bids
All commission bids should be sent to 69 Southampton Row, Bloomsbury, London, WC1B 4ET, UK or 9/F Malaysian Consulate Building, 50 Gloucester Road, Hong Kong up till 24 hours prior to the sale. 4.5
On-line Bidding
4.6
We offer internet services as a convenience to our clients. We will not be responsible for errors or failures to execute bids placed on the internet, including, without limitation, errors or failures caused by (i) a loss of internet connection by either party for whatever reason; (ii) a breakdown or problems with the online bidding software and/or (iii) a breakdown or problems with your internet connection, computer or system. Execution of on-line internet bids is a free service undertaken subject to other commitments at the time of the auction and we do not accept liability for failing to execute an online internet bid or for errors or omissions in connection with this activity. Telephone Bids If you make arrangements with us not less than 24 hours before the sale, we shall use reasonable endeavours to contact you to enable you to participate in bidding by telephone, but in no circumstances will we be liable to either the Seller or you as a result of failure to do so. Currency Converter At some auctions, a currency converter will be operated, based on the one month forward rates of exchange quoted to us by Barclays Bank or any other appropriate rate determined by us, at opening on the date of the auction. Bidding will take place in a currency determined by us, which is usually Hong Kong dollars for auctions held in Hong Kong. The currency converter is not always reliable, and errors may occur beyond our control either in the accuracy of the Lot number displayed on the converter, or the foreign currency equivalent of Hong Kong dollar bids. We shall not be liable to you for any loss suffered as a result of you following the currency converter.
4.8
Video images At some auctions there will be a video screen. Mistakes may occur in its operation, and we cannot be liable to you regarding either the correspondence of the image to the Lot being sold or the quality of the image as a reproduction of the original.
by HK$50 by HK$100 by HK$200/300 or HK$3,200HK$3,500- HK$3,800- HK$4000 by HK$500 by HK$1,000 by HK$2,000 or HK$32,000HK$35,000- HK$38,000HK$40,000 by HK$5,000 Auctioneer’s discretion
4.10 Bidding by the Spink Group 4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to the amount of the Reserve (if any), which will never be above the low estimate printed in the auction catalogue. 4.10.2 The Spink Group reserves the right to bid on and purchase Lots as principal. 4.11 The Auctioneer’s Discretion The auctioneer has the right at his absolute discretion to refuse any bid to advance the bidding in such manner as he may decide to withdraw or divide any Lot, to combine any two or more Lots and, in the case of error or dispute, to put an item up for bidding again. 4.12 Successful Bid Subject to the auctioneer’s discretion, the striking of his hammer marks the acceptance of the highest bid, provided always that such bid is higher than the Reserve (where applicable), and the conclusion of a contract for sale between you and the Seller. 4.13 After Sale Arrangements If you enter into any private sale agreements for any Lot with the Seller within 60 days of the auction, we, as exclusive agents of the Seller reserve the right to charge you the applicable Buyer’s Premium in accordance with these Terms and Conditions, and the seller a commission in accordance with the terms of the seller’s agreement.
If you give us instructions to bid on your behalf, by using the form provided in our catalogues or via our website, we shall use reasonable endeavours to do so, provided these instructions are received not later than 24 hours before the auction. If we receive commission bids on a particular Lot for identical amounts, and at auction these bids are the highest bids for the Lot, it will be sold to the person whose bid was received first. Commission bids are undertaken subject to other commitments at the time of the sale, and the conduct of the auction may be such that we are unable to bid as requested. Since this is undertaken as a free service to prospective buyers on the terms stated, we cannot accept liability for failure to make a commission bid. You should therefore always attend personally if you wish to be certain of bidding.
4.7
Bidding Increments Bidding generally opens below the low estimate and advances in the following order although the auctioneer may vary the bidding increments during the course of the auction. The normal bidding increments are:
5
AFTER THE AUCTION 5.1
5.2
Buyer’s Premium In addition to the Hammer Price, you must pay us the Buyer’s Premium at a rate of 20% of the final Hammer Price of each Lot. Import VAT and Refunds (Only for Lots shipped back to the United Kingdom) 5.2.1 Import VAT of 5% will be levied on the Hammer Price of all Lots that are shipped back to the United Kingdom after the sale. 5.2.2 Import VAT refunds 5.2.1 As we remain liable to account for import VAT on all Lots unless proof of export is held, you will be asked to deposit all amounts of import VAT invoiced. However, if a Spink nominated shipper is instructed, then any refundable import VAT will not be collected. In all other cases, credits will be made when proof of export is provided. 5.2.2 If you export the Lot from the United Kingdom you must return the valid proof of export certificate to us within 30 days of export. If you fail to return the proof of export certificate to us within such period and you have not already accounted to us for the import VAT, you will be liable to us for the full amount of the import VAT due on such Lot and we shall be entitled to invoice you for this sum. 5.2.3 To apply for a refund of any import VAT paid, the proof of export certificate must be sent to our accounts department clearly marked ‘import VAT refund’ within 30 days of export. No payment will be made where the total amount of import VAT refundable is less than HK$ 650.00. 5.2.4 Where an EU buyer purchases a Lot on which import VAT has been charged, no refund of import VAT is available from us.
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5.3
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5.3.1
You must provide us with your full name and permanent address and, if so requested, details of the bank from which any payments to us will be made. You must pay the full amount due on your invoice within seven days after the date of the sale. This applies even if you wish to export the Lot and an export licence is (or may be) required.
5.3.2
You will not acquire title to the Lot until all amounts due to us have been paid in full to us, even in circumstances where we have released the Lot to you.
5.3.4
5.7
Remedies for non-payment or failure to collect purchases 5.7.1
(i)
Direct bank transfer to our account details of which are set out on the invoice. All bank charges shall be met by you. Please ensure that your client number is noted on the transfer.
(ii)
By cheque or bank draft made payable to Spink China Limited. Please note that the processing charges for payments made by cheques or bank drafts drawn on a non-Hong Kong bank shall be met by you. Please ensure that the remittance slip printed at the bottom of the invoice is enclosed with your payment.
5.7.1.2 to set off against any amounts which the Spink Group may owe you in any other transaction the outstanding amount remaining unpaid by you; 5.7.1.3 we may keep hold of all or some of your Lots or other property in the possession of the Spink Group until you have paid all the amounts you owe us or the Spink Group, even if the unpaid amounts do not relate to those Lots or other property. Following fourteen days’ notice to you of the amount outstanding and remaining unpaid, the Spink Group shall have the right to arrange the sale of such Lots or other property. We shall apply the proceeds in discharge of the amount outstanding to us, and pay any balance to you;
By Visa or Mastercard. A charge of 3% will be applied. By American Express, a charge of 4% will be applied. We are not responsible for any foreign exchange losses or charges that you may incur in connection with such card payments.
Payments should be made by the registered buyer and not by third parties, unless it has been agreed at the time of registration that you are acting as an agent on behalf of a third party.
5.4.1
Unless we specifically agree to the contrary, we shall retain items sold until all amounts due to us, or to the Spink Group, have been paid in full.
5.4.2
Lots may be collected from 9/F Malaysian Consulate Building, 50 Gloucester Road, Hong Kong. In the event where a cheque or bank draft payable to Spink China Limited has been presented to us, unless we specifically agree to the contrary, no Lots shall be released before the cheque or bank draft has cleared where such funds have been credited into our bank account. A purchased Lot shall be at your risk in all respects from the time of collection or the expiry of seven days from the date of sale, whichever is sooner, and neither Spink China Limited nor its employees nor agents shall thereafter be liable for any loss or damage of any kind, whether caused by negligence or otherwise, while any Lot is in or under their respective custody or control.
5.7.1.4 where several amounts are owed by you to the Spink Group in respect of different transactions, to apply any amount paid to discharge any amount owed in respect of any particular transaction, whether or not you so direct; 5.7.1.5 to reject at any future auction any bids made by you or on your behalf or obtain a deposit from you before accepting any bids. 5.7.2
Recommended packers and shippers If required our shipping department may arrange shipment as your agent. Although we may suggest carriers if specifically requested, our suggestions are made on the basis of our general experience of such parties in the past and we are not responsible to any person to whom we have made a recommendation for the acts or omissions of the third parties concerned.
If you fail to make payment within thirty-five days, we shall in addition be entitled: 5.7.2.1 to cancel the sale of the Lot or any other item sold to you at the same or any other auction; 5.7.2.2 to arrange a resale of the Lot, publicly or privately, and, if this results in a lower price being obtained, claim the balance from you together with all reasonable costs including a 20% seller’s commission, expenses, damages, legal fees, commissions and premiums of whatever kind associated with both sales or otherwise, incurred in connection with your failure to make payment; or 5.7.2.3 take any other appropriate action as we deem fit.
5.8
Failure to collect Where purchases are not collected within fourteen days after the sale, whether or not payment has been made, you will be required to pay a storage charge of HKD 30 per item per day plus any additional handling cost that may apply. You will not be entitled to collect the Lot until all outstanding charges are met, together with payment of all other amounts due to us.
Notification We are not able to notify successful bidders by telephone. While Invoices are sent out by mail after the auction we do not accept responsibility for notifying you of the result of your bid.
If you fail to make payment within seven days of your stipulated payment date set out in your invoice, we shall be entitled to exercise one or more of the following rights or remedies: 5.7.1.1 to charge interest at the rate of 2% per month compound interest, calculated on a daily basis, from the date the full amount is due;
Collection of Purchases
5.4.3
5.6
It is the responsibility of the Buyer to be aware of any Import Duties that may be incurred upon importation to the final destination. Spink will not accept return of any package in order to avoid these duties. The onus is also on the Buyer to be aware of any Customs import restrictions that prohibit the importation of certain collectibles. Spink will not accept return of the Lot(s) under these circumstances. Spink will not accept responsibility for Lot(s) seized or destroyed by Customs
Payment should be made in Hong Kong Dollars by one of the following methods:
(iii)
5.5
13:53
Payment
5.3.3
5.4
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5.9
Export Licence 5.9.1
You should always check whether an export licence is required before exporting.
5.9.2
Unless otherwise agreed by us in writing, the fact that you wish to apply for an export licence does not affect your obligation to make payment within seven days nor our right to charge interest on late payment.
5.9.3
We will not be obliged to rescind a sale nor to refund any interest or other expenses incurred by you where payment is made by you despite the fact that an export licence is required.
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5.10 Refund in the case of Forgery 5.10.1 A sale will be cancelled, and the amount paid refunded to you if a Lot (other than a miscellaneous item not described in the catalogue) sold by us proves to have been a Forgery. We shall not however be obliged to refund any amounts if either (a) the catalogue description or saleroom notice at the auction date corresponded to the generally accepted opinion of scholars or experts at that time, or fairly indicated that there was a conflict of opinions, or (b) it can be demonstrated that the Lot is a Forgery only by means of either a scientific process not generally accepted for use until after publication of the catalogue or a process which at the date of the auction was unreasonably expensive or impracticable or likely to have caused damage to the Lot. Furthermore, you should note that this refund can be obtained only if the following conditions are met: 5.10.1.1 you must notify us in writing, within seven days of the auction date, that in your view the Lot concerned is a forgery;
7
NOTICES All notices given under these Terms and Conditions may be served personally, sent by 1st class post, or faxed to the address given to the sender by the other party. Any notice sent by post will be deemed to have been received on the second working day after posting or, if the addressee is overseas, on the fifth working day after posting. Any notice sent by fax or served personally will be deemed to be delivered on the first working day following despatch.
8
ADDITIONAL PROVISIONS 8.1
8.2
Force majeure We shall have no liability to you if we are prevented from, or delayed in performing, our obligations under these Terms and Conditions or from carrying on our business by acts, events, omissions or accidents beyond our reasonable control, including (without limitation) strikes, lock-outs or other industrial disputes (whether involving our workforce or the workforce of any other party), failure of a utility service or transport network, act of God, war, riot, civil commotion, malicious damage, compliance with any law or governmental order, rule, regulation or direction, accident, breakdown of plant or machinery, fire, flood, storm or default of suppliers or subcontractors.
5.10.1.2 you must then return the item to us within fourteen days, in the same condition as at the auction date; and 5.10.1.3 as soon as possible following return of the Lot, you must produce evidence satisfactory to us that the Lot is a Forgery and that you are able to transfer good title to us, free from any third party claims. 5.10.2 In no circumstances shall we be required to pay you any more than the amount paid by you for the Lot concerned and you shall have no claim for interest.
Severability If any part of these Terms and Condition is found by any court to be invalid, illegal or unenforceable, that part may be discounted and the rest of the conditions shall continue to be valid and enforceable to the fullest extent permitted by law.
8.3
5.10.3 The benefit of this guarantee is not capable of being transferred, and is solely for the benefit of the person to whom the original invoice was made out by us in respect of the Lot when sold and who, since the sale, has remained the owner of the Lot without disposing of any interest in it to any third party.
Waiver 8.3.1
A waiver of any right under these Terms and Conditions is only effective if it is in writing and it applies only to the circumstances for which it is given. No failure or delay by a party in exercising any right or remedy under these Terms and Conditions or by law shall constitute a waiver of that (or any other) right or remedy, nor preclude or restrict its further exercise. No single or partial exercise of such right or remedy shall preclude or restrict the further exercise of that (or any other) right or remedy.
8.3.2
Unless specifically provided otherwise, rights arising under these Terms and Conditions are cumulative and do not exclude rights provided by law.
5.10.4 We shall be entitled to rely on any scientific or other process to establish that the Lot is not a Forgery, whether or not such process was used or in use at the date of the auction.
6
COPYRIGHT 6.1
6.2
We shall have the right (on a non-exclusive basis) to photograph, video or otherwise produce an image of the Lot. All rights in such an image will belong to us, and we shall have the right to use it in whatever way we see fit. The copyright in all images, illustrations and written material relating to a Lot is and shall remain at all times our property and we shall have the right to use it in whatever way we see fit. You shall not use or allow anyone else to use such images, illustrations or written material without our prior written consent.
8.4
Law and Jurisdiction 8.4.1
These Terms and Conditions and any dispute or claim arising out of or in connection with them or their subject matter, shall be governed by, and construed in accordance with Hong Kong laws.
8.4.2
The parties agree that the courts of Hong Kong shall have non-exclusive jurisdiction to settle any dispute or claim that arises out of, or in connection with, Terms and Conditions or their subject matter.
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Bonds and Share Certificates of China and Hong Kong
Auction Notes
www.spink.com
Page 96
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Group Chairman and CEO Olivier D. Stocker Your Specialists Stamps UK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill Granger Paul Mathews Dominic Savastano USA - Chris Anderson George Eveleth Andrew Titley Ed Robinson Europe - Guido Craveri Fernando Martinez China - Anna Lee Coins UK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKay Arthur Bryant John Pett George Champ USA - Stephen Goldsmith Matthew Orsini Normand Pepin Greg Cole Banknotes, Bonds & Shares UK - Barnaby Faull Mike Veissid Andrew Pattison USA - Stephen Goldsmith Matthew Orsini Orders, Decorations, Medals & Militaria UK - Mark Quayle Oliver Pepys Books UK - Philip Skingley Alex Smith Autographs USA - Robert Litzenberger Wines China - Anna Lee Your Europe Team (London - Lugano) Chairman’s Office Dennis Muriu Monica Kruber Directors Tim Hirsch Anthony Spink Auction & Client Management Team Emily Johnston Miroslava Adusei-Poku Luca Borgo Phillipa Brown Tom Smith Finance Alison Bennet Marco Fiori Mina Bhagat Alison Kinnaird Shyam Padhiar Billy Tumelty IT & Administration Berdia Qamarauli Abdi Mohamed Maria Martinez Liz Cones Curlene Spencer John Winchcombe Your America Team (New York - Dallas) Chairman Emeritus John Herzog Head of Philatelics George Eveleth Head of Numismatics Stephen Goldsmith Director of Finance & Operations Sam Qureshi Auction Administration Rick Penko Patricia Gardner Marketing & Design James McGuire Emily Cowin Clyde Townsend Finance & Administration Ingrid Qureshi Marcy Gottberg Ed Robinson Auctioneers Stephen Goldsmith Tracy Shreve Andrew Titley Your Asia Team (Hong Kong - Singapore) Anna Lee Gary Tan Amy Yung Raymond Tat Neill Granger Barnaby Faull Mike Veissid
Stamps, Coins, Banknotes, Medals, Bonds & Shares, Autographs, Books, Wines AUCTION CALENDAR 2012 Stamps 15 January 25 January 16 February 23/24 February Early March 15 March 16 March 16 March 16 March 11 April 3 May 10/11 May Early June 5 July 11 July 12 September 13 September 13/14 September 23 September Early October 14 November 6/7 December 12 December
For centuries Spink and its employees have been preserving and curating collectable items. We now wish to play a modest role in preserving our planet, as well as the heritage of collectables, so future generations may enjoy both. We insist that our printers source all paper used in the production of Spink catalogues from FSC registered suppliers (for further information on the FSC standard please visit fsc.org) and use inks containing non hazardous ingredients. Spink recycle all ecological material used on our premises and we would encourage you to recycle your catalogue once you have finished with it.
Hong Kong London London New York Hong Kong Lugano Lugano Lugano Lugano London London New York Hong Kong London London London London New York Singapore Hong Kong London New York London
12005 12001 12012
Fine Coins of China and Hong Kong The Collector's Series Sale Ancient, English & Foreign Coins and The Collector's Series Sale Ancient, English & Foreign Coins and The Collector's Series Sale Coins of Hong Kong and China Ancient, English & Foreign Coins and The Collector's Series Sale Ancient, English & Foreign Coins and
Hong Kong New York London New York London New York Hong Kong London New York London
12026 315 12027
Banknotes of China and Hong Kong The Manfred Kranz Collection of Deutsch-Asiatische Bank Notes Banknotes of the Ta Ching Government The Collector’s Series Sale World Banknotes The Collector’s Series Sale The Collector’s Series Sale World Banknotes The Collector’s Series Sale World Banknotes
Hong Kong Hong Kong Hong Kong New York London New York New York London New York London
12006 12006A 12006B 312 12022 313 314 12023 315 12024
Orders, Decorations, Campaign Medals & Militaria Orders, Decorations, Campaign Medals & Militaria Orders, Decorations, Campaign Medals & Militaria
London London London
12002 12003 12004
Bonds and Share Certificates of China and Hong Kong The Collector's Series Sale The Collector's Series Sale Bonds and Share Certificates of the World The Collector's Series Sale The Collector's Series Sale Bonds and Share Certificates of the World
Hong Kong New York New York London New York New York London
12007 312 313 12010 314 315 12011
The The The The
Collector's Series Sale Collector's Series Sale Collector’s Series Sale Collector’s Series Sale
New New New New
Fine Fine Fine Fine Fine
Wines Wines Wines Wines Wines
Hong Hong Hong Hong Hong
12013 12014
12015 12016 12017 12018 12019 12020 12021
Coins 14 January 16/17 January 29 March 18/19 May 28 June 22/23 August 28/29 August 27 September 13/14 November 4 December
Commemorative Medals Commemorative Medals
Commemorative Medals Commemorative Medals
12008 312 12009 313 12025 314
Banknotes 14 January 14 January 14 January 16/17 January 25 April 18/19 May 22/23 August 3 October 13/14 November 6 December Medals 19 April 19 July 22 November Bonds and Shares 14 January 16/17 January 18/19 May 1 June 22/23 August 13/14 November 28 November Autographs 16/17 18/19 22/23 13/14
January May August November
York York York York
Wines 8 March May July September November
Our Environmental Commitment: Paper from Sustainable Forests and Non Hazardous Ink
Fine Stamps and Covers of China and Hong Kong The Collector’s Series sale The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part II The Collector’s Series Sale The Collector’s Series Sale The Renowned Fiorenzo Longhi Collection of Airmail Postal History and Memorabilia The Walter Taveira International Gold Medal Collection of Brazil The Paulo Comelli “Grand Prix” Collection of Brazilian Mail to Foreign Destinations The “Tito” Collection of South American Philatelic Rarities including Uruguay - Part I The Collector’s Series sale The Chartwell Collection - GB King George V including Seahorses The Collector’s Series Sale The Collector’s Series Sale The Chartwell Collection - GB Line Engraved Essays, Proofs, Stamps and Covers - Part III The Collector’s Series Sale The Chartwell Collection - GB King George VI, King Edward VIII and Queen Elizabeth II Essays, Proofs and Stamps Great Britain Stamps specialised sale The Collector’s Series Sale Fine Stamps and Covers of South East Asia The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part IV
of of of of of
the the the the the
World World World World World
The above sale dates are subject to change
Spink offers the following services Valuations for insurance and probate for individual items or whole collections. Sales on a commission basis either of individual pieces or whole collections.
Kong Kong Kong Kong Kong
312 313 314 315
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HK$200
SPINK CHINA
BONDS AND SHARE CERTIFICATES OF CHINA AND HONG KONG
B o n d s a n d S h a r e C e rt i f i c at e s of c h i n a a n d h o n g k o n g
9/F Malaysian Consulate Building 50 Gloucester Road www.spink.com © Copyright 2012
Hong Kong
14 January 2012 • Hong Kong
STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES
14 January 2012 • Hong Kong