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Banque Industrielle de Chine - glamorous and doomed
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Lot comprises:
1. Banque Industrielle de Chine – Action Ordinaire de 500 Francs 1919.
Highly decorative and large stock certificate. Text in French and Chinese. Ornate borders with Chinese architectural themes and Foo lions. Vignettes of stylized industrial landscape - showing factories, canals with shipping, bridges and railways; as well as pagodas and the Great Wall - See scans.
Bearer stock certificate # 136, 724 of 147,000 issued (Actions Ordinaires).
Coupons 9 – 25 remain attached.
Printer: Crete – Paris
Large - Measures appx. (H x W) 12 x 10.375 inches, (30 x 26 cm.), excluding coupons
Condition: Good (see scans), some small tears, pinholes, light curling, folds.
2. Banque Industrielle de Chine – Authentic banking and stock related documents 1919, 1923
a. Letter from the bank, hand signed, confirming credit to the account of a Monsieur Gontier of the amount of the bank’s 1918 dividends.
b. Receipt, hand signed, for the deposit to Monsieur Gontier’s account of 32, 850 francs – July 1919
c. Carte D’Admission and statement of voting entitlement for Monsieur Gontier for the bank’s Annual General Meeting, August 1922
Condition: Varies (see scans)
Thank you for your consideration of this item - Merci de votre visite.
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Collectible – No current stock market value - Collectable - aucune valeur courante de marché boursier
Company background
“The Banque Industrielle de Chine was a Sino-French joint-venture bank rooted in a diplomatic agreement signed by French merchants and the Chinese government in 1912. The bank’s headquarters were set up in Paris. The French partner owned two-thirds of the shares with paid-in capital of 30 million franc(s), while the Chinese government owned one-third of the shares with paid-in capital of 15 million francs. However, the joint venture was in name only because the Chinese capital was borrowed from the bank. In gratitude for the help, the Chinese government offered the bank an opportunity to build a railway from Guanzhou to Chongqing. The bank enjoyed special permission to issue its notes in China. In 1921, the Paris headquarters went bankrupt, forcing its Chinese branches to suspend business. After the Chinese government bailed out the bank, it restored business in 1925. But it was no longer a joint venture bank that could issue its banknotes in China.”
from: “A History of Modern Shanghai Banking - The Rise and Fall of China’s Finance Capitalism” Zhaojin Ji, Pub. Sharpe, 2002
The Living Age By Eliakim Littell, Robert S. Littell, Making of America Project
STOCK / SHARE / AKTIE / ACTION / ACCIONES / CERTIFICATI AZIONARI
CHINA / LA CHINE / LA CINA
DECO / DEKO
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On Jun-25-08 at 12:26:02 PDT, seller added the following information:
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