Watch List notes:

China (12), Chinese Government 5% Hukuang Railways Sinking Fund Gold Loan bond 1911 for £100, American Banks issues (9), red/black, large format with steam train at top, printed by Waterlow's with coupons. All around Fine with some staples and pencil annotations, Chinese Government 5% Hukuamg Railways Sinking Gold Loan bond 1911 for £20, French Indo-China issues (3) green/black, large format with steam train at the top, Fine with coupons and pencil annotations, all with central folds

Estimate: 50-100 GBP