4% Railway Conversion Loan 1933, bond 2,114.02 PLN
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Lot description
Reference: Mazur E.32.2; Moczydłowski 83
4% Railway Conversion Loan 1933
Bond 2,114.02 PLN = 1,000 German marks
A very rare bond of the Second Republic, issued to convert 4% bonds of the 1901 third issue of the Fabrycz-Lódz Iron Road Society.
Attached to the bond is a partially preserved coupon sheet, containing coupons No. 17 through No. 46, as well as a tax statement document (German: Steuerausweis) regarding the taxation of foreign securities - the number of the bond offered is inscribed.
Recommended!
format_quoteOne of the most interesting bonds of the Second Republic period. The issue consisted of bonds of 3 denominations, and the one offered in this auction is the middle denomination. Such unusual denominations of the bonds were due to the fact that this loan was issued to convert 4% bonds of the former Lodz-Factory Iron Road Society with denominations of 500, 1,000 and 2,000 Reichmarks, which, when converted from marks to zlotys at the official rate, resulted in just such unusual denominations in zlotys. The bonds of the 4% Railway Conversion Loan of 1933 were secured by a mortgage on the property of the Lodz Factory Railway, which, as a result of the redemption of the railroad, passed to the Polish Treasury. As an additional curiosity, the 1933 bonds were accompanied by coupon sheets issued for the 1901 4% bonds of the Fabryczno-Łódzka Railway Company, which were converted to the 1933 bondsformat_quote
Jacek Mazur - Author of the Catalogue of Debt Securities in Poland
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