China: 1911 5% Hukuang Railways Gold Loan, bonds for £20, #53530 and £100, 97185, issued by Banque de L'Indo-Chine, large format, steam train at top, green and red respectively, printed by Waterlow & Sons, with coupons. The first GVF, the other AVF but with ink annotation at top (2).Subject to 20% V