Original antique holder 5% Bond of £20 issued by the Imperial Chinese Government in London in 1912.

Also called “Crisp loans” refering to Charles Birch Crisp (1867-1958) who arranged with the Chinese Republic’s London-based representative a loan issued for 5 million de £ (instead of 10 million initially forecast as it is written on the bond).

Certificate with coupons.

These bonds are authentic original bonds, sold for their collectible value.

The serial number of the bond can be different from the one seen on the picture but will be with the same characteristics.

You can read the latest article about the chinese debt:

https://www.bloomberg.com/news/articles/2019-08-29/trump-s-new-trade-war-weapon-might-just-be-antique-china-debt