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250,000 Yuan Farmers Bank of China Bond - Red "Farmer's Bond" - Chinese Bonds For Sale

250,000 Yuan Farmers Bank of China Bond - Red
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250,000 Yuan Farmers Bank of China Bond - Red "Farmer's Bond" - Chinese Bonds:
$71250.00

$250,000 Republic of China Bond. The Farmers Bank of China. PASSCO authenticated. Article relating to this Chinese item: The Farmers Bank of China was a Chinese bank founded on April 1, 1933, in Hankou (modern day Wuhan) from the amalgamation of provincial agricultural banks in Henan, Hubei, Anhui and Jiangxi. Governed by the Farmers Bank of China Law, the bank was established to stimulate agricultural development by providing lines of credit to farmers and rural landowners. The loans were intended for use to purchase equipment and crops. The bank was initially under majority government ownership. The bank became one of the four major banks of the Nationalist era of China. Along with the Central Bank of China (currently the Central Bank of the Republic of China), Bank of China and Bank of Communications, the Farmers Bank of China was allowed to issue its own banknotes until 1942. The bank was relocated to Chongqing in 1937, along with Kuomintang-led Nationalist Government during Second Sino-Japanese War and relocated to the former Japanese colony of Taiwan in 1949 because of the Chinese Civil War. However, it was not until May 20, 1967 that the bank resumed operations after relocating to Taiwan. The Government of the People's Republic of China incorporated the bank's assets in Mainland China into the People's Bank of China, but later transferred these to the Agricultural Bank of China. From 1967 until 2006, the bank opened and operated 107 branches throughout Taiwan. It also operated overseas offices in L Item ordered may not be exact piece shown. All original and authentic.


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