Industrial Loan of the Government of the Republic of China

5% Gold Bond of 500F - Paris 1914

The 1914 industrial loan of 150 million francs was intended for the construction and development of the port of Poukou (Pukow) and works to be carried out in Beijing: construction of electric tramways, reorganization and improvement of the electric lighting system, the water service, construction of a market, repair of old sewers and creation of new ones, construction of municipal palaces, museums, public gardens, repair of old roads and streets, and new constructions.

The work was to be carried out under the supervision of the Industrial Bank of China. The loan was secured by present and future municipal taxes of Peking, as well as by the tax collected on alcohol in the provinces north of the Yangtze (except Mongolia and Manchuria). All these pledges were enforceable in the event of non-payment by the Government of all or part of a half-yearly coupon.