Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
5 Yuan Second Nationalist Government Lottery Loan
| Issuer | Nationalist Government of China |
|---|---|
| Year | 15 (1926) |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Yuan (1912-1948) |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Nationalist Government Lottery Loan of the Fifteenth Year of the Republic of China, being the year 1926 Bond for Five Dollars, Canton Currency, The Regulations of the Lottery Loan for financing the operations of the Government Mint, Cement Works, and Tannery and other industrial enterprise were sanctioned by the Nationalist Government Mandate of the 26th January 1926. A summary of the said Regulations appears below.- Amount issued:- $5,000,000. Denominations:- $5 Security:- The loan is secured on the revenue of the Nationalist Government, the Central Bank of China, which is the Government Depositary, unconditionally guarantees the payment of prizes and the repayment of principal at maturity. Repayment:- The loan is repaid in thirty monthly instalments as follows.- 1st to 10th month 2% of the bonds are drawn each month. 11th to 20th .. 3% .. 21st to 30th .. 5% .. Public drawings for repayment of principal are held on the 5th day of each month, at the General Chamber of Commerce, Canton, and directly after the winning numbers are drawn, a second drawing will be made from the winning numbers for the awarding of prizes. The following prizes will be drawn each month:- 1 First Prize...$20,000- 2 Second Prizes, each $2,000...$4,000- 4 Third .. $ 500...$2,000- 10 Fourth .. $ 100...$1,000- 20 Fifth .. $ 50...$1,000- 50 Sixth .. $ 10...$500- 100 Seventh .. $ 5...$500- 300 Eighth .. $ 2...$600- 600 Ninth .. $ 1...$600- All bonds which have been drawn for repayment of principal, but which failed to qualify for any of the above-mentioned prizes at the second drawing, will receive 50 cents each, in addition to the repayment of principal. Drawn Bonds should be presented to the Central Bank of China, Canton, for repayment of principal and payment of prizes five days after the drawing, and not later than three months thereafter. Contingent Prizes:- 20% of the net profits of the industrial enterprises financed by the loan will be set aside to increase the amount of the prizes. Distribution of these profits will be made according to the regulations to be promulgated by the Nationalist Government. Uses of Bonds:- The Bonds are transferable, and may be bought, sold or mortgaged, or used as security or reserve fund for public transactions. Dated the 1st day of the 5th Month of the 15th Year of the Republic of China, being the 1st of May, 1926. Wang Ching Wai Chairman of the Nationalist Government Tse Vung Soong Minister of Finance |
| Signature(s) | Wang Ching Wai and Tse Vung Soong |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The Second Nationalist Government Lottery Loan was issued out of Canton during the period when the Nationalist Government (then still based in Guangzhou) was consolidating revolutionary finances ahead of the Northern Expedition. Lottery bonds of this type were a practical fundraising mechanism — subscribers paid face value and held a claim on both principal repayment and the chance of a cash prize drawn at intervals. The instrument blurred the line between government debt and gambling ticket, which made it politically contentious but financially effective.
The two signatories place this squarely in a specific moment: Wang Jingwei as the political authority and T.V. Soong as the financial architect of early Nationalist fiscal administration. Soong would go on to overhaul the entire revenue structure of the Republic; this note predates that work by several years.