Iraqi Dinar Discussion Board

[Mr. Bill]

Related- Chineese Bonds from 1913. So if 5% interest + tied to GOLD (at $20/OZ) + 25 MILLION POUNDS Huge value today.

United Kingdom, 1913 - 1913 ONE DOLLAR = 0.2054 British Pound

1913 18.92 USD GOLD PRICE and $1259 today

So $1/.2054 = 4.8685 * 25M = $121.71M USD / 18.92 = 6.433M OZ GOLD

Now 5% compounded interest on $121.71M for 100 years
So for 50 years $1M turns into $12M
and 12M for 50 years would be 12 * 12M or $144M for just 1M

Now 144M * 121 = 17.4 BILLION + 6.433M * 1259 = 17.4B + 8.1B

25.5 BILLION USD = Approximate value of these Chineese Bonds from 1913 - IMO

http://www.1913chinesebonds.com/

http://www.dinarrecaps.com/1/post/2014/02/sdrs-and-the-new-bretton-woods-part-1.html

There was another event which took place in the year 1913 which has been little understood or known at all in the western world today. After the collapse of the Manchu Dynasty in 1911, the remaining Government of the Chinese Republic issued bonds to foreign investors for the purpose of raising capital to rebuild the country.

These bonds were titled the 1913 Chinese Government 5% Reorganization Gold Loan. Emphasis on the word gold for later reference.

These bonds were pegged to the price of gold as a hedge against future inflation and were denominated in four currencies.

The underwriting banks for the bonds reflect the four currencies which the bonds were interchangeable with at the time, which are now known as HSBC, Deutsche Bank, the Bank of Tokyo-Mitsubishi UFJ, and Caylon – Credit Agricole Corporate and Investment Bank.

Keep in mind that these bonds were issued in the same context as the U.S. Treasury Bonds which the world’s central banks have been gobbling up since 1944. These bonds had a yield. These bonds have never fully been acknowledged by the Chinese government.

As a part of the deal with the British government for the return of Hong Kong, the People’s Republic of China did honor 10% of the outstanding bonds at about 62% of the face value.

And what I can say at this time is that there is in fact a deal in the works for a final payout on the remaining bonds.

http://www.glabarre.com/category/Chinese_Reorganization_Gold_Loan_of_1913/c132

The Reorgansation Gold Loan of 1913 was for the capital sum of £25,000,000. The loan was authorised by Presidential Order of 22nd April, 1913 officially communicated by the Wai Chiao Pu to the Ministers in Peking of Great Britain, Germany, France, Russia, and Japan. (The Wai Chiao Pu was the Ministry of Foreign Affairs of the government of the Republic of China).

The newly appointed President of the Republic of China, Yuan Shih Kai initially approached Britain, France, Germany, and United States of America seeking a substantial loan to assist the fledgling government of the Republic of China. Later this group was expanded to include Japan and Russia, but eventually the U.S. withdrew from participation, leaving five countries which agreed to assist the Chinese Government with financial aid.

The principal financial institutions which participated in the loan arrangements were the Hongkong & Shanghai Banking Corporation, Deuthsch-Asiatiche Bank, Banque de l’Indo Chine, and Russian Asiatic Bank.

The Yokohama Specie Bank participated on behalf of Japan, but did not issue separate bonds, countersigned by the bank. Arrangements were made as to convertibility into Japnanese Yen of the bearer bonds issued to by other four issuing banks. The banks all received 6% commission for handling this loan and the capital amounts allocated to each bank together with bonds issued are detailed in the data below:
•Hongkong & Shanghai Banking Corp. £7,416,000
•Deutsch-Asicatiche Bank £6,000,000
•Banque de l”Indo-Chine £7,416,660
•Russian Asiatic Bank £2,777,780
•Russian Asiatic Bank (Belgium) £1,388,880

Purpose of the Gold Reorganization Loan

The purpose of the loan was to enable the new government of the Republic of China to meet financial liabilities inherited from the previous Chinese Imperial Government, for the reorganization of government institutions and to meet the administrative costs.

As an interesting footnote to this loan, Mr. M. E. Weatherall, who was a senior official of the Chinese Maritime Customs Service in 1921 was quoted in the publication “Wayfoong” as making the following observation.

“I believe that I am correct in saying that the greater part, if not all of the reorganization loan of 1913 was accounted for by statements and vouchers, but in actual fact very little of it was ever applied to the purposes for which it was lent. It disappeared mysteriously and nobody knows where it has gone.”

It should always be stressed that we sell these bonds for their historical, graphic, and collectible merits only. We always make it clear (though these bonds are uncanceled) that all Chinese bonds are not negotiable. On the other hand, these are the very same bonds that are so sought after and popular. There is absolutely no difference. We sell all these Chinese bonds with accompanying PASS-CO authentications.

Read more: http://www.glabarre.com/category/Chinese_Reorganization_Gold_Loan_of_1913/c132#ixzz2sU77i9Kb