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Two framed international bond certificates from the Moscow-Smolensk Railway Group, dated 1869, each stating that the bearer of the certificate will receive 5% per year on his investment of 1000 Dutch guilder, with the Russian Imperial Government acting as guarantors, dimensions of frame 44.5cm x 30cm (2)Please refer to department for condition report
"the bearer of this certificate will receive 5% per year on his investment of 1000 Dutch guilder, with which he is contributing to a total loan of 15,866,860 roubles. The Russian Imperial Government will act as guarantors. These bonds were issued as a way to attract investment by guaranteeing full returns, plus an extra percentage, on loans. "