British Municipal Council, 1939, Issued Banknote

Currency:USD Category:Coins & Paper Money / Paper Money - World Currency Start Price:1,700.00 USD Estimated At:2,000.00 - 4,000.00 USD
British Municipal Council, 1939, Issued Banknote

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Tientsin, China and England, 1939. 10 Cents, P-Unlisted, S/M#T131-1, Issued "Tientsin" Banknote, Green on beige paper, S/N 003230, PMG graded About Uncirculated 55 EPQ. The British concession of Tianjin (Tientsin) was one of seven total British concessions in China. It was one of nine foreign concessions in Tianjin (Tientsin) , and was the earliest established and most successful out of all of the concessions. Disputes between Britain and Japan had been growing as early as 1938 when the British concession authorities arrested Su Qingwu, a supposed leader of the anti-Japanese guerrillas. His extradition to the Japanese authorities was denied by the British. Another incident arose during the Japanese-British dispute over Qingwu. On April 9, 1939, famed pro-Japanese activist Cheng Xigeng was assassinated in the Grand Cinema, Shanghai by a sniper. Four suspects were arrested in the British concession linked to Xigeng's assassination, and consequently the Japanese authorities requested that the four people be handed over to Japan. On June 14, 1939, Japan formally blockaded the British Concession, causing a halt to normal life in the concession. Britain formally signed the Tianjin Agreement with Japan on June 12, 1940, and compromised with Japan on the issue of Tianjin bank deposits. The four suspects were also turned over to Japanese authorities, all of whom were executed. On February 18, 1942, Japan announced the transfer of the Tianjin British Concession to the Wang Jingwei regime, a Chinese puppet government. This scrip note is an extremely rare example from the British Concession in China. 4 Pieces of different denominations were found in the Pogrebetsky Collection which we offered in 2013 to 2015 in Hong Kong. This is the only example available.