(t) CHINA--MISCELLANEOUS. Lot of (4). Mixed Chinese Paper Ephemera.

(t) CHINA--MISCELLANEOUS. Lot of (4). Mixed Chinese Paper Ephemera. Mixed Dates. Mixed Conditions. A selection from different issuers and consisting of: 1. 1923 Treasury Department Autumn payment Coupon (1) 2. 1932 4% Kwangtung Province National Defense Strategy Bond (1) 3. 1934 4% Northern Shanghai Private Middle School (1) 4. 1938 A Stock Certificate of 99 shares of The Shanghai Waterworks Fitting Company Limited. (1) Estimate: $160 - $240. Provenance: From the Yang Ai Hao Collection. 不同年份中國紙雜一組。四張。 來自不同發行機構，包括： 1. 民國十二年財政部秋節支付券壹百圓 2. 民國二十一年廣東省國防要塞公債票壹圓 3. 民國二十三年上海私立市北中學四厘債券 4. 1938年上海自來水配件公司股票 (t) This lot was manufactured in China (including Hong Kong), Russia or Republic of Belarus and was sourced from outside the United States for this auction after tariffs were enacted by the United States. Accordingly, as of February 27, 2026, any client who wishes to take delivery of this item within the United States will be subject to a 7.5% import tariff for China manufactured items, and a 35% import tariff for Russia or Belarus manufactured items. In addition a processing fee of 0.3464% (minimum $33.58 / maximum $651.50) will apply. Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs or fees. Please consult your tax adviser with any questions. Furthermore, any lots subject to an import tariff will be shipped directly from our Hong Kong offices and shipments to the United States will be subject to our international shipping chart.

Estimation:€71.32

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