£125
China: A collection of bonds comprising 1911 Hukuang Railways £20 (2) and £100, all BIC; Tientsin Pukow Railway 1908, £20 and 1910, £100, both German issue; Shanghai Hangchow and Ningpo Railway, £100; Shanghai Nanking Railway, net profit certificates (3), and fractional certificates (42). Some condition problems with some rodent nibbling. Low start price.
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