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Greek Internal Lottery Loan 1922, 100 Drachma bond
| Issuer | Kingdom of Greece, Ministry of Finance |
|---|---|
| Year | 1922 |
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| Composition | Paper |
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| Obverse description | Blue intaglio-printed bearer bond with a central royal vignette of two figures flanking a crowned shield, framed by Ionic columns with guilloche borders. The heading ΒΑΣΙΛΕΙΟΝ ΤΗΣ ΕΛΛΑΔΟΣ in bold letterpress spans the upper centre, with the bond title and denomination in red below. Full legal text in Greek occupies the lower half, with two manuscript signatures and the printer's imprint at foot. |
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| Obverse lettering | ΕΘΝΙΚΟΝ ΛΑΧΕΙΟΦΟΡΟΝ ΔΑΝΕΙΟΝ Δρ. 1,570,000,000 6 1/2% 1922 ΒΑΣΙΛΕΙΟΝ ΤΗΣ ΕΛΛΑΔΟΣ 15,700,000 Ὀμολογίαι ἐκ Δρ. 100 ἑκάστη κατανεμημέναι εἰς 16 σειρὰς Α' Β' Γ'...........ΙΣΤ' ΤΙΤΛΟΣ ΜΙΑΣ ΟΜΟΛΟΓΙΑΣ ΕΙΣ ΤΟΝ ΦΕΡΟΝΤΑ ΕΚ ΔΡΑΧΜΩΝ 100 ΣΕΙΡΑ υπ. αριθ Διὰ τοῦ Νόμου 2749 τῆς 25ης Μαρτίου 1922 ἐπετράπη ἡ σύναψις Ἐσωτερικοῦ Λαχειοφόρου Δανείου μέχρι 1,600,000,000 Δραχμῶν. Τὸ δάνειον ἐπραγματοποιήθη μέχρι τοῦ ποσοῦ 1,570,000,000 δραχμῶν. Ἐξεδόθησαν 15,700,000 ὀμολογίαι ἑκατὸν δραχμῶν ἑκάστη ἐξοφλητέαι ἐντός 20 ἐτῶν διὰ κληρώσεων ἐν τῷ ἄρτιον. Αἱ κληρώσεις ἐνεργοῦνται τετράκις τοῦ ἔτους. Διατίθενται ἐπιπροσθέτως δραχμαὶ 8,000,000 ἐτησίως πρὸς διανομήν λαχείων διὰ ἐιδικῶν κληρώσεων ἐνεργουμένων τετράκις τοῦ ἔτους. Ὁ τόκος ὁρίζεται είς 6 1/2% εινε δὲ πληρωτέος τῇ 1ῃ Ἀπριλίου ἑκάστου ἔτους. Ἡ ὑπηρεσία τοῦ Δανείου ἐξασφαλίζεται, (1) ἐκ τῶν πλεονασμάτων τῶν ὑπεγγύων προσόδων, (2) ἐκ τοῦ ἡμίσεως τοῦ διπλασιαζομένου συνθετικοῦ φόρου, (3) ἐκ τοῦ προστιθεμένου 10% φόρου ἐπὶ τῶν ὑφισταμένων φόρων ἄμεσων ἢ ἔμμεσων, (4) ἐκ τῆς βαθμιαίας ἐκποιήσεως τῶν ἀκινήτων τοῦ Δημοσίου. Αἱ κληρούμενοι ὁμολογίαι καὶ τὰ τοκομερίδια ἀπαλλάσσονται ἀπὸ παντὸς φόρου παρόντος ἢ μέλλοντος, οὔτε δύνανται νά κατασχεθῶσιν. Αἱ Κληρούμενοι Ὀμολογίαι, τὰ Κέρδη ἀπὸ τῶν λαγνῶν καὶ τὰ λήγοντα τοκομερίδια πληρώνονται παρὰ τῆ Ἐθνικῆ Τραπέζη τῆς Ἑλλάδος. Ὁ ΥΠΟΥΡΓΟΣ ΤΟΥ ΘΗΣΑΥΡΟΥ Ὁ ΔΙΕΥΘΥΝΤΗΣ ΤΟΥ ΔΗΜΟΣΙΟΥ ΛΟΓΙΣΤΙΚΟῦ ΝΟΜΟΣ 2749 ΙΣΧΥΣ ΜΟΥ Η ΑΓΑΠΗ ΤΟΥ ΛΑΟΥ ΕΤΟΣ 1922 |
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Greece's 1922 Internal Lottery Loan was a forced fiscal measure pushed through during one of the most catastrophic periods in modern Greek history — the Greco-Turkish War was still grinding toward its disastrous conclusion at Smyrna, and the state treasury was effectively exhausted. The lottery mechanism was a political compromise: framing a compulsory government borrowing as a prize-bearing instrument made it marginally more palatable to a population already bearing enormous war costs.
Bradbury Wilkinson printed the series at their New Malden works, a firm then handling sovereign debt paper for governments across Europe and South America. The timing places this bond within months of the Asia Minor catastrophe and the subsequent population exchange that would permanently reshape the Greek state.