China: Lung Tsing U Hai Railway, a collection of bonds comprising 8% Loans of 1920, 500 francs, 4 examples, 1921, 500 francs, 1923, 500 francs, 2 examples, and, 1925, 500 francs. VF-EF. (8)Subject to 20% VAT on Buyer’s Premium. For more information please view Terms and Conditions for Buyers.