Watch List notes:

China, Imperial Chinese Government Hukuang Railways 1911 Gold Loan, bond for £100, issued by the Hong Kong and Shanghai Banking Corporation, red and black with vignette of speeding train, (5) all with some coupons About Fine to Good Fine, some with tears, comes with additional documentation showing : Designation of bonds, Amount, Name of customer, Folio and Dividends Due, stamped HEATHFIELD 31339, two showing details of when drawn for payment

Estimate: 75-125 GBP