Watch List notes:

China (4) Republic of China, Lung Tsing U Hai Railway 8% bond 1920, 500 franc, orange/brown, Belgium issue. Unissued with all coupons present EF, Lung Tsing U Hai Railway 8% bond 1921 green and black, Belgium issue, Unissued with all but two coupons present, EF Lung Tsing U Hai Railway 8% Loan 1923, bond for 500 Francs, unissued with all coupons present EF, China Lung Tsing U Hai Railway 8% Loan 1920 Netherlands issue bond for 1000Fl. Netherlands Courant VF

Estimate: 20-30 GBP