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Wanted to Purchase Hong Kong Macau China Foreign Banks China Rare banknotes from Hong Kong, in particular prior to 1900. Macau, particularly notes of the first issue by Barclay & Fry 1905-1941. China foreign banks, particularly proofs, specimens, and issued notes prior to 1900. China, scarce and rare notes from all government, provincial, and local banks. Please contact us, or meet us at the New York International in January, the London <strong>IBNS</strong> Congress in October, or at auctions in Hong Kong, Singapore, and Beijing, or elsewhere. William Barrett wbarrett@videotron.ca Box 9 Victoria Station Montreal, Quebec, CANADA H3Z 2V4 TEL: 514-937-4131 FAX: 514-937-8075
Foreign Banks in China Part III – Republic of China Issues (1912-1945) John E. Sandrock 26-C While the old established banks were contending with their own problems, the Americans, Japanese, and Europeans entered Chinese banking as new partners eager to share in the lucrative oriental market. Passage of the Federal Reserve Act in 1913 gave American banks the right to establish offices in foreign countries. At this point the United States, Great Britain, France and Japan organized an International Banking Consortium in order to balance financial power in China. Numerically, American and Japanese banks outnumbered the European banks, changing the old financial structure. Only Table 1 – Foreign Banks in the Republic of China (1912 – 1942) a select few banks retained the right to print and circulate their own paper money within China. For a list of all foreign banks operating in China during the Republican era see Table 1. The American Foreign Banks of the Republican Era Of the new foreign banks established in China between the two World Wars, nine were from the United States, two from Japan and one each from France, Italy and Norway. One bank was of uncertain origin (see Table 1). We shall discuss them in order. Of the American banks, the largest was the American Oriental Banking Corporation. Incorporated in 1917, the AOB was in reality Issuing Authority and (Branches) Parent Country Dates Denominations American Oriental Bank of Fukien (Foochow) United States 1922 1, 5, 10 dollars American Oriental Bank of Shanghai (Shanghai) United States 1919 1924 1, 5, 10 dollars 1, 5, 10 dollars American Oriental Bank of Tientsin (Tientsin) United States 1924 5 dollars American Oriental Bank of Szechuan (Chungking) United States 1922 1, 5, 10 dollars Asia Banking Corporation (Changsha, Hankow, Peking, Shanghai, Tientsin) United States 1918 1, 5, 10, 20, 50, 100 dollars Asiatic Commercial Bank (Shanghai) United States 1926 1, 10 dollars Bank of Canton, Ltd. (Hankow, Shanghai, Swatow) United States 1917 1, 5, 10, 50, 100, 500 dollars 1920–1922 1, 5, 10, 50, 100 dollars China Specie Bank, Ltd. (Shanghai) Britain? USA? 1922 1, 5, 10, 50, 100 dollars Chinese American Bank of Commerce (Hankow, Harbin, Peking, Shanghai, Shangtung, Tientsin) United States 1920 1, 5, 10, 50, 100 dollars Chinese Italian Banking Corporation (Hankow) Italy 1921 1, 5, 10, 50, 100 yuan Bank of Chosen Japan 1911 1, 5, 10 gold yen (Various Manchurian Offices) (Korea) 1916 10, 20, 50 sen 1919 10, 20, 50 sen Credit Commercial Sino-Français (Peking) France 1923 1, 5, 10 yuan Bank of East Asia, Ltd. (Hong Kong, Shanghai) Great Britain 1924 1, 5, 10, 50, 100 dollars Exchange Bank of China (Peking, Tientsin) Japan 1920 1, 5,10, 50, 100 dollars 1928 10, 20 cents Industrial and Commercial Bank (Hankow, Shanghai) United States 1921 1, 5, 10 dollar Banque Industrielle de Chine (Canton, Hankow, Mukden, Peking, Shanghai, Swatow, Tientsin) France 1914–1920 1, 5, 10, 50, 100, 500 dollars Mercantile Bank of India (Hong Kong, Shanghai) Great Britain 1916–1924 1, 5, 10, 50, 100 dollars National City Bank of New York (Canton, Hankow, Harbin, Peking, United States 1928–? taels, dollars; precise Shanghai, Tientsin) denominations unknown National Commercial and Savings Bank (Hankow, Shanghai) Great Britain 1924 1, 5, 10, 50, 100 dollars Park-Union Foreign Banking Corporation (Shanghai) Canada USA 1922 10, 50 dollars Sino-Scandinavian Bank (Ch’ang Li, Chinwangtao, Peking, Suiyan, Norway 1922 1, 5, 10 yuan Tientsin, Yungchi, Yungtsun) 1925 10, 20, cents 1926 16, 30, 32, 48, 50, 80 copper coin Note: Italicized denominations are illustrated in this article. <strong>IBNS</strong> Journal 48.2 33
Page 1: ibns Volume 48, Number 2, 2009 Jour
Page 4: Society Officers and Directors Pres
Page 8 and 9: Letters Dear Editor, Are the ‘Mad
Page 10 and 11: Banknote News Compiled by Murray Ha
Page 12 and 13: 10 IBNS Journal 48.2
Page 14 and 15: Courtesy of Peter Mosselberger 50 F
Page 16 and 17: Canada 20 Dollars 2006 Design like
Page 18 and 19: India New signature: Dr. D. Subbara
Page 20 and 21: Courtesy of Ronny Hick Mexico 100 P
Page 22 and 23: ◊ 5 Pa’anga (2009) Issue date:
Page 24 and 25: Courtesy of Ronny Hick ◊ 5 Dollar
Page 26 and 27: 20 Konvertibilnih Maraka 2008 Desig
Page 28: 10.000.000.000.000 Dollars 2008 New
Page 31 and 32: Early BCEAO Issues (1959-61) In 195
Page 33: The key to identifying this high-gr
Page 37 and 38: several others. In 1936, Dr. T.V. S
Page 39 and 40: Another United States foreign bank
Page 41 and 42: Exchange Bank of China 5 dollars (f
Page 43 and 44: Well, now we know that wasn’t so
Page 45: Sino-Scandinavian Bank, Yungtsun br
Page 48 and 49: contract for the Cuban notes issued
Page 50 and 51: same uniform for the Merchants Bank
Page 52 and 53: Figure 15. Die proof of Giuseppe Ga
Page 54 and 55: The Banknotes of Iranian Azerbaijan
Page 56 and 57: military threat from Tehran, on 20
Page 58: usual blue rubber stamp and the num
Page 61: P24 10 Manat (132 x 66 mm): Magtymg
Page 65 and 66: Bank Note of the Year Announcement
Page 67 and 68: specimen notes are known, prefixes
Page 69 and 70: Chapter News Compiled by Art Leveni
Page 71 and 72: later notes into context and provid
Page 73 and 74: South African Chapter The South Afr
Page 75 and 76: IBNS Announcements Call for Nominat
Page 77 and 78: 2008 IBNS Literary Awards In recogn
Page 79 and 80: donors program whereby donors would
Page 81 and 82: Myers, William 9965 13453 N.Atalaya
Page 83 and 84: ISRAEL PALESTINE JUDAICA We are the
Page 85 and 86:
Staples Numismatics, Inc World Bank
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