B2111, China 8% Military Loan (Xinhai 1911 Revolution), 5 Dollars Bond 1912.
VF condition, Please refer the picture.
Issued in Feb 2, 1912. This is the first bond issued by Republic of China. The face value is 5 Silver Dollar. The interest rate is 8% per Annum.
The government of Republic of China was established in the end of 1911. But it soon met with huge fiscal problems. So this kind of Military Bond was issued.