CHINESE HERITAGE BONDS VIDEO:
Chinese Heritage Bonds, Super Petchilis and the “Hukuang Railway Bonds”. From 1900 to 1940, the Chinese Government issued millions of dollars in sovereign debt. This massive bond funded China’s Railways infrastructure and was widely acquired at the time by governments, banks, and investors across the globe. Republic of China, Government of the Province of Petchili, £20 bond, 5 1/2% Gold Bond of 1913, Capitalization of £500,000 Sterling.
In 1938 China defaulted on its “binding engagement upon the Government of the Republic of China and its Successors,” leaving millions of global creditors unpaid.
The market value of the bonds is worth $1.6 trillion USD, and if the CCP is to establish itself to be the legitimate government of China, then it has been asked to pay back these bonds.
Recently, Americans who hold the “Hukuang Railway Bond” – issued by the Qing Dynasty to the United States, Britain, France, and Germany to raise funds for the construction of the Huguang Railways that run from Hunan to Guangzhou—initiated a movement demanding the Chinese Communist Party repay the debt. The chairman of the American Bondholders Foundation (ABF), Jonna Bianco, said: “These bonds were originally issued under the Republic of China, what we know today is Taiwan. And the Communist regime who went in and took over mainland China and became the official government in 1949. It becomes their responsibility to honor this debt. The CCP, Chinese Communist Party’s debt, just as they paid Great Britain in 1987 for the very same bond. It is successor government doctrine.”
According to data from the US Treasury Department, as of May 2020, the CCP holds US $1.08 trillion in US Treasury bonds. Bianco suggested that the Trump administration exchange bonds with the CCP, that is, use the Hukuang Railway Bonds to repay the U.S. Treasury bonds held by the CCP. Bianco said that she is confident that this matter will succeed.
Video Courtesy of: The Epoch Times