Watch List notes:

Chinese Government, 5%, Reorganisation Loan of 1913, Uncancelled Bond. Chinese Government, 5%, Reorganisation Loan of 1913, Uncancelled Bond.China, 1913, £100, bond with no coupons attached. XF condition with crisp paper. W&S. Endorsed by the Hong Kong and Shanghai Banking Corp.

Estimate: 2300-4700 HKD