1912 Peasants' Land Bank bond certificate == Russia, 150 Roubles

Description

For auction is a bond certificate from the "Peasants' Land Bank" dated 1912 for 150 Roubles. The Bank was a financial institution of the Russian Empire founded during the reign of Tsar Alexander III by his Minister of Finance. He created the Bank in 1883 to help peasants purchase their own farms. The Bank was limited in its effectiveness by a lack of funding; it was also not nearly as generous as the Nobles' Land Bank, which had lower interest rates and catered to more affluent people. The Bank began operations in 1883 with nine branches; its activity was extended to Poland in 1888, and at its height it had 39 branches. The Peasants Land Bank was nationalized in 1916 with the rise to power of the Communist Party and ceased operations, defaulting on its debt obligations.
1912 Peasants' Land Bank bond certificate == Russia, 150 Roubles
1912 Peasants' Land Bank bond certificate == Russia, 150 Roubles
Click images to enlarge
Description
For auction is a bond certificate from the "Peasants' Land Bank" dated 1912
.
The
Peasants' Land Bank was a financial institution of the Russian Empire founded during the reign of Tsar Alexander III
by his Minister of Finance, Nikolai Bunge. He
created the Peasants' Land Bank in 1883 to help peasants purchase their own farms
. The Peasants' Land Bank was somewhat
limited in its effectiveness by a lack of funding
; it was also not nearly as generous as the Nobles' Land Bank, which had lower interest rates and catered to more affluent people. The Peasants' Land Bank
began operations in 1883 with nine branches
; its
activity was extended to Poland in 1888
, and at its height it had 39 branches. Like all commercial banking entities, the Peasants' Land Bank was
nationalized in 1916 with the rise to power of the Communist Party
and ceased operations,
defaulting on its debt obligations
.
The
bond was for 150 Russian Roubles
, and the
total offering was for 100,000.05 Russian Roubles
. It
paid 4 1/2 % interest
.
Language on the bond is in Russian, German and English
.
Attached to the bond are 8 bond-interest payment coupons
, which were never paid due to the default.
This certificate, while
over 100 years old
, is in
good condition
. All writing/markings are from its issuance and processing. There are no rips or tears internal to the certificate, but there is a gap-tear at the upper left corner; in addition, the bottom edge shows some roughness.
A great addition to someone's collection of Tsarist-era stocks and bonds.
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