Once upon a time, Chinese railways were where capital went to die. A trip to Cecil Court in London will confirm this. At the back of the antiques shops there, a keen-eyed scripophilist may discover one or two ornate, yellowing specimens of the 5 per cent, £6m bond sold abroad by China’s imperial government in 1911 for financing the Huguang Railway.
從前,中國的鐵路是一個讓投資有去無回的地方。去倫敦的西索巷(Cecil Court)探訪一番就能證實這一點。在西索巷古玩店的後室,眼尖的證券收藏家或許能找到一兩張精美、泛黃的湖廣鐵路債券。1911年,清政府爲籌錢修建湖廣鐵路,向海外發行了600萬英鎊債券,票息5%。
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