Lot 291: ORIENTAL DEVELOPMENT CO., LTD
October 29, 2016
Brussels, BelgiumLive Auction
Description: 15 March 1923 6% Gold Debenture Bond of $500, specimen. brown, black. Folds with several (repaired) splits. Attractive American Bank Note Co. specimen. Large vignette with Mount Fuji, rising sun and a rice former on a boat. The Oriental Co. was founded in 1908 as a national enterprise to build a colonial exploitation policy towards the Korean Empire and other countries in East Asia. By the late 1920s the company had bought one third of all arable land in the Korean Peninsula, forcing tenants to pay over 50% of their production for rent. After Korea was liberated by the Allies in WWII, all company property was confiscated. Yet, the company still exists today in the South Korean cities Busan and Mokpo.
Condition Report: F-VF