Real Estate Bank Bonded Loan issued by the National Bank of Greece, bearing Lottery tickets on each bonded loan entitling the winner of the Lottery in Bank Bills.
[This was a complex concept for Loans made for financing projects with internal borrowing because Greece did not have access to capital markets.]
Capital of Drs 200.000.000 in Bank-notes at 7% per year, was divided in 800.000 bonds of Drs 250 and represented by 380.000 titles to bearer.]
Issued in Athens on 1st September 1926; serial Number: 065928; printer: “Ετ. Λιθογραφίας & Κυτιοποιίας -Αθηνών” [Athens Lithography and Box Making Company (ELKA)]. Last three coupons (58-60) attached.
The bond bears two affixed stamps, texted “Δ.Ο.Ε.” [(IOC) International Financial Control of Greece's public finances], printed/titled ΕΛΛΗΝΙΚΗ ΔΗΜΟΚΡΑΤΙΑ and, surcharged (a) 80 lepta and (b) 1 drachma in black – ΚΙΝΗΤΟΝ ΕΠΙΣΗΜΑ’ cancelled with difficult to decifer d.r. ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ [National Bank of Greece, Athens] dated marking in violet.
Condition: Good; see scans.