Watch List notes:

Chinese Government 5% Reorganization Gold Loan of 1913, £20, Lot of 4 Bonds. China, Lot of 4 bonds. All are 1913, £20 Pounds Sterling, Issued and uncancelled, 43 coupons attached, Black on orange-brown border and underprint with allegorical Mercury sitting on power generator with ships on top with rice harvesting on left and house on hill by shoreline on right, printed in English,, Russian, German and French. Issued by the Hongkong and Shanghai Banking Corp. Fine+ to VF condition. Attractive and scarce bonds. W&S.

Estimate: 2000 - 3000