Collector:Taiwan Depository & Clearing Corporation (TDCC)

Exhibit Info

On February 2nd, 1911, led by Dr. Sun Yat-Sen, the provisional government of R.O.C and part of the local governments issued bond to raise funds for revolution and constructions. The bond was named R.O.C Military Needs Bond and issued 100 million. The land tax was used as collateral. After a new taxation was implemented, the increased tax was used as collateral instead. One year after issuance, one fifth of the par value would be redeemed by drawing lots. The maturity of the bond was six years. The drawing lots was held at the Ministry of Finance of central government. The bond was issued with four different par values of 1000, 100, 10 and 5. Each bond attached with 12 interest coupons. Interest would be received with an interest coupon on a regular time schedule. On the front of the bond is written in Chinese, center with a square stamp of the Ministry of Finance and signatures of the Provisional President, Dr. Sun Yat-Sen and Provisional Vice President, Li Yuan-hong. On the back is English version. The R.O.C. Military Needs Bond was found to be the only bond issued at the period of time of the Provisional President, Dr. Sun Yat-Sen and was the first bond issued since the establishment of R.O.C.

Size

26.6×34.7cm

Year

1912

Material

paper

Category

Bonds