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5 Yuan Sinkiang Government Construction Bonds
| Issuer | Xinjiang Provincial Government |
|---|---|
| Year | 1941 |
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| Size | 149 x 122 mm |
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|---|---|
| Obverse lettering | 伍 新疆省政府 建設公債 5 中華民國三十年造 1941 (Translation: Five Xinjiang Provincial Government Construction Bonds 5 Made in the 30th Year of the Republic of China 1941) |
| Reverse description | Plain white reverse printed in black with two columns of handwritten-style text. The left column carries the Chinese-language summary of bond regulations under the heading 公債條例摘要; the right column presents the equivalent text in Old Uyghur script. No vignette or decorative border is present. |
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| Comments |
The Xinjiang Provincial Government in 1941 was effectively a Soviet client state under Sheng Shicai, who had invited Red Army troops onto Chinese soil and aligned the province so closely with Moscow that these "construction bonds" were less a domestic financing instrument than a mechanism for managing a captive economy sealed off from Nationalist China. The Soviet presence shaped everything from the province's monetary apparatus to its industrial policy.
By 1942 Sheng abruptly reversed course, expelled Soviet advisors, and realigned with Chongqing — a political rupture that left much of this paper stranded and largely unredeemed.