Tuesday, November 24, 2015

GIVING NEW INFO AS GIFT US RED CROSS CHINA BURMA INDIA COMMAND ITEM


GIVING NEW INFO AS GIFT US RED CROSS CHINA BURMA INDIA COMMAND ITEM
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CONGRATS U HIT ME 2,00,054 TIMES, THANK YOU, the central bank of western India Yokuhama 25 $ 1866,

CONGRATS U HIT ME 2,00,054 TIMES, THANK YOU, the central bank of western India Yokuhama 25 $ 1866, damodhar rao musham, 1860 british india, 
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CONGRATS U HIT ME 2,00,054 TIMES, THANK YOU

CONGRATS U HIT ME 2,00,054 TIMES: THANK YOU

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CONGRATS U HIT ME 2,00,054 TIMES, THANK YOU, the central bank of western India Yokuhama 25 $ 1866, damodhar rao musham, 1860 british india,

Monday, November 23, 2015

3 banks of china bond issued in India RARE


3 banks of china bond issued in India RARE for sale 30$US + Postage 

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Friday, November 20, 2015

Join Facebook Asia Numisphil GROUP 1683550918548221

https://www.facebook.com/groups/1683550918548221/


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Wednesday, November 18, 2015

RARE CHINA JAPAN BANKNOTES

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RARE CHINA JAPAN BANKNOTES

Costumes in Ancient India,Textiles,



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SIBERIA 1918 10 SEN OCCUPATION CURRENCY


SIBERIA 1918 10 SEN OCCUPATION CURRENCY

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SMALL PRINT CENTRAL GOVT. WILL RETURN SOON

SMALL PRINT CENTRAL GOVT. WILL RETURN SOON

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Friday, November 13, 2015

Mulberry Bark Mix Xinjiang banknote REBEL issue ?

Mulberry Bark Mix Xinjiang banknote REBEL issue ?

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rise and fall of paper notes as a currency in Chinese history

The
rise and fall of paper notes as a currency in Chinese history would serve as a fine illustration of the problem of politics in the management of large-denomination currency. The potential of printed paper to become a monetary instrument of (infinitely) large denomination was a constant lure to any political authority with enough administrative and coercive capacity. The Chinese empire, endowed with a relatively advanced degree of centralization and absolutism, had long experimented with the large-scale use of paper notes as fiat money in the Song (960-1279 AD), Yuan (1286-1368) and early Ming (1368-1644) eras. But the governmental desire for seigniorage revenue (often prompted by fiscal crises induced by invasions and rebellion) had invariably resulted in over-issuance of paper notes, leading to high inflation or hyperinflation throughout history
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CHINA MAPS ON CHEQUES

CHINA MAPS ON CHEQUES NOTES BONDS

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CHINA MAPS ON CHEQUES NOTES BONDS


CHINA MAPS ON CHEQUES NOTES BONDS
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1889, a Westerner comment on the Chinese currency system


In 1889, a Westerner made the following comment on the Chinese currency system: “…Its (the Chinese currency’s) chaotic eccentricities would drive any occidental nation to madness in a single generation, or more probably such gigantic evils would speedily work their own cure. In speaking of the disregard of accuracy we have mentioned a few of the more prominent annoyances. One hundred cash are not 100, and 1,000 cash are not 1,000, but some other and totally uncertain number, to be ascertained only by experience. In wide regions of the Empire 1 cash counts for 2, that is, it does so in numbers above 20, so that when one hears that he is to be paid 500 cash he understands that he will receive 250 pieces, less the local abatement, which perpetually shifts in different places. There is a constant inter-mixture of small or spurious cash, leading to inevitable disputes between dealers in any commodity

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Wish U Happy Dipawali Festival of Lights in India

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MinMagTongBa 1 V Vietnam,1820-1827


back blank.in stock Price: Call us

Unique gold Bar Balinese Girl

Unique gold Bar Balinese Girl

Balinese Girl’ (75 g), which is one of four decorative ‘Art Ingots’, and ‘$10: The Government of the Strait Settlement’(41 g), one of four decorative ingots depicting historical banknotes.

Singapore Mint in 1994 - ‘Balinese Girl’ (75 g), which is one of four decorative ‘Art Ingots’, and ‘$10: The Government of the Strait Settlement’(41 g), one of four decorative ingots depicting historical banknotes.

‘Fine Art’ Gold Bars
The Exhibition displays two series of innovative gold proof bars with a gold purity of 99.99%, which were minted.
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インドでのフライトO祭りの期間中、我々はすべての金ありません

インドでのフライトO祭りの期間中、我々はすべての金ありません

//yokuhama1866.blogspot:ライトの祭りの期間中、インドで我々はすべての金を購入する、思考への良い前兆のための金の部分は25$1866年のhttp横浜の紙幣の私のブログを参照してください詳細は、世界中の金iallの歴史を共有します。中/
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ORIENTAL BANK,three sorts of business for all bank customers

ORIENTAL BANK:three sorts of business for all bank customers .

ORIENTAL BANK:three sorts of business for all bank customers

YOKUHAMA BANKNOTE 1866 25 $ ,JAPAN,USA,INDIA LINK very rare banknote of japan
The Central Bank of Western India was an important bank because it related to Japan, America and India. The high value of $25 was significant as it was issued during a time of great turbulence in Japan,USA,INDIA and world
SEE HISTORY OF HOW JAPANESE AMERICAN INDIA BANKNOTES,PRINTED AS JAPAN BANKNOTES,
japan banknotes,rare japan banknotes,Central bank of Western India,american rare banknotes,World rare banknotes,yokohama specie banknotes,indian banknotes,hansatsu,yokuhoma banknote,
ORIENTAL BANK:three sorts of business for all bank customers,
Fortunately the Oriental Bank Corporation advertised regularly in the local papers, some of which survive giving invaluable details of the business they were prepared to transactYokohoma.The Oriental Bank advetisements suggest that western banking made available to their customers three sorts of business. The first, and probably most important as well as largest, business was foreign exchange services, which were still beyond the capacities ofryogae.The Oriental Bank could grant drafts not exceeding six months’ sight on London and those on demand on Scotland and Ireland. In the case of the Oriental Bank,drafts on New Zealand,San Francisco,New York and Paris were also available through its branches,agencies and correspondents. The Bank also issued on behalf of customers circular notes for the use of travellers or, probably something between the letter of credit and traveller’s cheque, which were negotiable in any city of importance throughout theworld.The foreign exchange services were used by the bakufu missions abroad.
The rest of the business wa accepting deposits and granting advances. The Oriental Bank offered two types of deposits current and fixed (page 18) accounts. Neither interest nor commission was charged on current accounts. The term of fixed account was twelve months and the holder of the account was given the receipt. For the deposit customer, the Bank gave service of collecting papers payable inYokohoma.There were two methods of advances. The Bank discounted bills,notes and other negotiable papers payable in Yokohoma, which had to have at least two approved names on them. Another method was advances granted on bullion and non-perishable merchandise.All transactions were effected in Mexico dollars, but there is no evidence from the foreign banks present in Yokohoma before the Restoration of how much business they actually did.There remains no evidence, either, about their business connections with Japanese merchants. As far as Japanese financial arrangements with the foreigners inYokohoma were connected, the bakufu ordered that they would be done exclusively through Mitsui. For western bankers, there would not be any chance of contacting Japanese merchants directly, particularly concerning their domestic demands. Nevertheless, despite these restraints, several of these banks and their staff were destined to play an important role in assisting theearly Meiji administration to understand money and banking matters.

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Year wise events of JAPAN 1853-1899

Year wise events of JAPAN 1853-1899


YOKUHAMA BANKNOTE 1866 25 $ ,JAPAN,USA,INDIA LINK very rare banknote of japan
The Central Bank of Western India was an important bank because it related to Japan, America and India. The high value of $25 was significant as it was issued during a time of great turbulence in Japan,USA,INDIA and world
SEE HISTORY OF HOW JAPANESE AMERICAN INDIA BANKNOTES,PRINTED AS JAPAN BANKNOTES,
japan banknotes,rare japan banknotes,Central bank of Western India,american rare banknotes,World rare banknotes,yokohama specie banknotes,indian banknotes,hansatsu,yokuhoma banknote,
JAPAN Events from 1853 to 1899
1853 Commodore Perry arrives in Edo Bay (july 8)
Shogun Ieyoshi dies: succeeded by Iesada
1854 Perry returns to Japan from China (February 12)
1856 Townsend Harris arrives in Shimoda
1857 Harris granted audience before the Shogun
1858 Shogun Iesada dies; succeeded by Iemochi
1861 Harris’s secretary murdered British legation attacked twice
1862 C.L. Richardsom killed System of Sankin- Kotai relaxed
1863 Choshu forts fire on foreign ships; American and French ships bombard Choshu forts
1864 Allied fleet bombards Shimonoseki forts
1865 Emperor agrees to ratify 1858 treaties
1866 Secret Satsuma-Choshu alliance formes
Shogun Iemochi dies; succeeded by Keiki, fifteenth and last Shogun
1867 Emperor KOmei dies: succeeded by Mutsuhito
Keiki relinquishes powers to Mutsuhito: Tokugawa rule ends
1868 Meiji Restoration Imperial (Charter) Oath proclaimed
1869 Daimya surrender lands to the Emperor
1870 Construction of Japan’s first railway begins
1871 Feudalism formally abolished Ministry of Education set up Iwakura mission sent to the West
1872 Compulsory education under state control
1873 Iwakura mission returns Universal land tax in money introduced
Creation of modern army based on conscription
1875 Assembly of Prefectural Governors established
1877 Satsuma Rebellion
1878 Prefectural Assemblies established
1880 Municipal Assemblies formed Sale of government factories to private firms begins
1881 Hokkaido Scandal First political parties formed
1885 First cabinet formed
1886 Important Education Act
1888 Privy Council formed
1889 Meiji Constitution proclaimed
1890 Imperial Rescript on Education First Diet opened
1899 Extraterritoriality abolished
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Matthew Perry (1794-1858), American naval officer,made way to Japan for USA

Matthew Perry (1794-1858), American 
naval officer,made way to Japan for 
USA

Matthew Perry (1794-1858), American naval officer, who commanded the expedition that established United States relations with Japan. Matthew Calbraith Perry was born on April 10, 1794, in South Kingstown, Rhode Island, the brother of Oliver Hazard Perry. He began his naval career as midshipman at the age of 15; he advanced to lieutenant in 1813 and to commander in 1826. He supervised the construction of the first naval steamship, the Fulton, and upon its completion in 1837 he took command with the rank of captain. He was promoted to commodore in 1842. In 1846-1847 he commanded the Gulf squadron during the Mexican War.
In 1853 Perry was sent on the mission to Japan, a country that had been closed to outsiders since the 17th century. On July 8, he led a squadron of four ships into Tokyo Bay and presented representatives of the emperor with the text of a proposed commercial and friendship treaty. To give the reluctant Japanese court time to consider the offer, he then sailed for China. With an even more powerful fleet, he returned to Tokyo in February 1854. The treaty, signed on March 31, 1854, provided that humane treatment be extended to sailors shipwrecked in Japanese territory, that U.S. ships be permitted to buy coal in Japan, and that the ports of Shimoda and Hakodate be opened to U.S. commerce. Perry’s mission ended Japan’s isolation, a prerequisite for its subsequent development into a modern nation. Perry died in New York City on March 4, 1858.
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Admiral Perry’s expedition to JAPAN

Admiral Perry’s expedition to JAPAN



YOKUHAMA BANKNOTE 1866 25 $ ,JAPAN,USA,INDIA LINK very rare banknote of japan
The Central Bank of Western India was an important bank because it related to Japan, America and India. The high value of $25 was significant as it was issued during a time of great turbulence in Japan,USA,INDIA and world
SEE HISTORY OF HOW JAPANESE AMERICAN INDIA BANKNOTES,PRINTED AS JAPAN BANKNOTES,
japan banknotes,rare japan banknotes,Central bank of Western India,american rare banknotes,World rare banknotes,yokohama specie banknotes,indian banknotes,hansatsu,yokuhoma banknote,
Admiral Perry’s expedition brought a camera to Japan in 1853. Admiral Perry of the United States arrived with his warships in Japan in 1853 (after the US informed the Japanese, through the Dutch in 1852 that they would be arriving the next year). Between 1852 and 1853, before Admiral Perry’s arrival in Japan, there had been many articles written in American and European newspapers speculating on what effect his arrival would have on potential trade with Japan. The London Times, most notable, wrote a major article on this topic in 1852. Admiral Perry’s arrival was not unexpected, as is often mis-published. Admiral Perry’s photographer took an estimated 100 photographs in Japan in 1853 and brought these photographs back to America. Sadly, in 1857, the Washington warehouse where the photographs were stored, burnt to the ground and the photographs are said to have been lost. However, before this historically tragic event occurred, etchings of Japan were made from the photographs and published in a special report to Congress in 1856 and 1857. It should be noted that at that time, a method of printing photographs in a book had still not been developed so that all photographs had to be published in etched format. It is this writers belief that it is possible that an original photograph of Admiral Perry’s visit to Japan could still exist. Perhaps a member of the expeditions family has one or perhaps a photograph might have been given by Perry to the Japanese delegation
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中国地图上检查未使用的已取消的极少


中國債券列印在印度當中國思想更好地運作更有用的債券,這種時期中國支票銀行和銀行的電子郵件通信的兩次世界大戰期間我在使用第 60 元美国加邮费 HTTP://yokuhama1866.blogspot.in/ telugu@yandex.com

中国地图上检查未使用的已取消的极
中国地图上检查签名的中国稀有的密封环现在看来不寻常 , 们所有已取消的极少中国地上的检查
研究 
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Bank of Japan was founded in Meiji 15 1882 after a Belgian model

 Bank of Japan was founded in Meiji 15 1882 after a Belgian model. It has since been partly privately owned its stock is traded over the counter, hence the stock number. A number of modifications based on other national banks were encompassed within the regulations under which the bank was founded.The institution was given a monopoly on controlling the money supply in 1884, but it would be another 20 years before the previously issued notes were retired.
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BLACK PENNY STRIP OF THREE

BLACK PENNY STRIP OF THREE SEE CAT OF SG OF 1992 CAT IS 3500


BLACK PENNY STRIP OF THREE 
SEE CAT OF SG OF 1992 
CAT IS 3500  POUNDS =5300 US $ x 3=15900$ catalogue but my rate is very cheap grab them .VERY RARE AS STRIP
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Thursday, November 12, 2015

japan,usa,india,links on this banknotes very rare banknote of japan

japan,usa,india,links on this banknotes very rare banknote of japan

YOKUHAMA BANKNOTE 1866 25 $ ,JAPAN,USA,INDIA LINK very rare banknote of japan
The Central Bank of Western India was an important bank because it related to Japan, America and India. The high value of $25 was significant as it was issued during a time of great turbulence in Japan,USA,INDIA and world
SEE HISTORY OF HOW JAPANESE AMERICAN INDIA BANKNOTES,PRINTED AS JAPAN BANKNOTES,
japan banknotes,rare japan banknotes,Central bank of Western India,american rare banknotes,World rare banknotes,yokohama specie banknotes,indian banknotes,hansatsu,yokuhoma banknote,
The above banknote was issued by the Central Bank of Western India at Yokohama, Japan. It
was printed in London by Batho Sprague and Company and has a handwritten date of 9th
February 1866. The signature on the note was that of J. Morrison and the design contains a
vignette of a woman holding a balance scale, palm trees, cotton bales, jewelry and a
backdrop of hills and sailing ships. The note is cancelled with a rubber stamp.
A bank named BANK OF WESTERN INDIA, which operated during the period of 1842-1845 A.D. was
not related to this issue.
The Central Bank of Western India was an important bank because it related to Japan, America
and India. The high value of $25 was significant as it was issued during a time of great
turbulence in Japan.
During this period there were a number of attempts by western powers to establish relations
with Japan. In 1852 the USA government decided to initiate trade relations with Japan and
was prepared to use force if negotiation failed. Commander Matthew Perry was sent on a
mission with three steam ships, the Mississippi, Sarotogo and Plymouth along with a flag
ship named Susquehanna. They sailed to Japan on 8th July 1853 entering Edo Bay they anchored
at a distance of 1 kilometer from Uraga City but the Japanese Shogun declined to meet the
delegation of commander Perry. After threatening the Japanese government they landed with
300 men and transmitted a message from U.S. President Fillmore to the representatives of
shogun.
It took more than 6 month of consideration by the Japanese government and Perry’s treaty of
friendship was signed by Japan on March 31st of 1854, opening Japanese ports for U.S. trade.
Nagasaki and Hakodate were the first ports used followed later by Yokohama. Yokohama became
a main port and transit point for goods into Japan, China and the other countries in the
region.
During this period the British Crown cooperated with the Americans as the Japanese started
building their fleet after lifting a ban for the construction of large ships. They purchased
many ships guns and arms from the Dutch to counter the American ships.
In this new environment, traders from Western India sailed from the ports of Surat and
Bombay.
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Yokuhama,The Central bank of Western india 1866

Yokuhama,The Central bank of Western india 1866

Yokuhama,The Central bank of Western india 1866

Yokohama banknote history
It was issued under JAPAN and cat under japan PS26 or226? that pick not readily available
year is 1866 2feb on note rather big article i could not condense it you write as u like
so i get good impression that i know about banking and not a novice now saw lot of spelling
mistakes here sorry for my ex typist has done it 10years back
i am writing an booklet on Japanese banking history from 1800onwards hope u help in
giving suggestions i will come back to u soon in this mail address only
THE CENTRAL BANK OF WESTERN INDIA 1866 ON 9 FEBRUARY 1866
This is a unique note issued with combination of several countries links. The note was
issued in 1866 at yokohoma in Japan and the name on the note is the Central
Bank of Western India with value of 25$. The note was printed in London by Sprague and
Co., The date of the issue of this bank notes was written by black pen dated 9th
February 1866. The signature on the note was of Mr.J. Morrison. The note bears the
vignate of a lady carrying a seal and a palm tree with a backdrop of hills and few sailing
ships. The note also carries few cotton bales and jewelery.The note is fixed into the frame with inscriptions in Japanese all over the frame and
four blocks WITH Japanese inscription fixed to the four corners of bank notes.
“”The note is canceled with a rubber stamp.””
Even though there is a bank which was named as BANK OF WESTERN INDIA which operated
during the period of 1842-1845 A.D. which bears a seen depicting town hall region of Bombay with St. Andrews Church.It also has palm tree the castle of Bombay along with few ships entering the Bombay harbor. This is issued for the value of Rs. 5/ and was canceled at several places on the note. The date on the note was May
18th 1844. According to the photo in the catalogue the signature portion of this
Indian Note was eaten away by the black ink used on the day of the issue.
The Central Bank of Western India was an important issue of the bank note throughout the
world because it has a combination of links? with three nations. They are
Japan, America and India, because of the high value denomination for which it was issued
that is for 25$.
This was a period of Turbulence in Japan, the attempts by Western States by many
European nations along with America failed to achieve the trade relations with
Japan diplomatically. In 1852 America is decided to open a trade relations with Japan
either by talks or by force.Commander PERRY was sent on this mission with three steam ships namely Mississippi,Saratoga and Plymouth with a flag ship named SUSQUEHANNE. All these
ships sailed to Japan for an naval expedition on 8th July 1853 and they entered EDO BAY
and anchored at a distance of 1 kilometer from Uraga city. the Japanese samurai’s general shogun declined to meet the delegation of commander perry.
After threatening the Japanese government landed with 300 men and gave the message of
U.S. President Fillmore ,to the representatives of shogun.
The Perry treaty of friendship was signed on March 31st of 1854 which opened the
Japanese ports for U.S. trade.
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THE CENTRAL BANK OF WESTERN INDIA 25$ ON 9 FEBRUARY 1866

THE CENTRAL BANK OF WESTERN INDIA 25$ ON 9 FEBRUARY 1866

THE CENTRAL BANK OF WESTERN INDIA 1866 ON 9 FEBRUARY 1866
This is a unique note issued with combination of several countries links. The note was
issued in 1866 at yokohoma in Japan and the name on the note is the Central
Bank of Western India with value of 25$. The note was printed in London by Sprague and
Co., The date of the issue of this bank notes was written by black pen dated 9th
February 1866. The signature on the note was of Mr.J. Morrison. The note bears the
vignate of a lady carrying a seal and a palm tree with a backdrop of hills and few sailing
ships. The note also carries few cotton bales and jewelery.The note is fixed into the frame with inscriptions in Japanese all over the frame and
four blocks WITH Japanese inscription fixed to the four corners of bank notes.
“”The note is canceled with a rubber stamp.””
Even though there is a bank which was named as BANK OF WESTERN INDIA which operated
during the period of 1842-1845 A.D. which bears a seen depicting town hall region of Bombay with St. Andrews Church.It also has palm tree the castle of Bombay along with few ships entering the Bombay harbor. This is issued for the value of Rs. 5/ and was canceled at several places on the note. The date on the note was May18th 1844
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WESTERN INDIA note depicting town hall region of Bombay with St. Andrews Church. palm tree the castle of Bombay

 BANK OF WESTERN INDIA  note depicting town hall region of Bombay with St. Andrews Church. palm tree the castle of Bombay
BANK OF WESTERN INDIA which operated
during the period of 1842-1845 A.D. which bears a seen depicting town hall region of Bombay with St. Andrews Church.It also has palm tree the castle of Bombay along with few ships entering the Bombay harbor. This is issued for the value of Rs. 5/ and was canceled at several places on the note. The date on the note was May
18th 1844. According to the photo in the catalogue the signature portion of this
Indian Note was eaten away by the black ink used on the day of the issue.
The Central Bank of Western India was an important issue of the bank note throughout the
world because it has a combination of links? with three nations. They are
Japan, America and India, because of the high value denomination for which it was issued
that is for 25$.
This was a period of Turbulence in Japan, the attempts by Western States by many
European nations along with America failed to achieve the trade relations with
Japan diplomatically. 
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BANK OF WESTERN INDIA

BANK OF WESTERN INDIA which operated during the period of 1842-1845 A.D. which bears a seen depicting town hall region of Bombay with St. Andrews Church.It also has palm tree the castle of Bombay along with few ships entering the Bombay harbor. This is issued for the value of Rs. 5/ and was canceled at several places on the note. The date on the note was May 18th 1844. According to the photo in the catalogue the signature portion of this Indian Note was eaten away by the black ink used on the day of the issue. The Central Bank of Western India was an important issue of the bank note throughout the world because it has a combination of links? with three nations. They are Japan, America and India, because of the high value denomination for which it was issued that is for 25$. This was a period of Turbulence in Japan, the attempts by Western States by many European nations along with America failed to achieve the trade relations with Japan diplomatically.

In 1852 America is decided to open a trade relations with Japan

THE CENTRAL BANK OF WESTERN 
INDIA. 

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Hongkong and shanghai banking Corporation 1948

Hongkong and shanghai banking Corporation 1948 

In 1852 America is decided to open a trade relations with Japan

THE CENTRAL BANK OF WESTERN 
INDIA. 
This notes were in
circulation in Japan and China region.
In 1852 America is decided to open a
 trade relations with Japan
either by talks or by force.Commander PERRY was sent on this mission with three steam ships namely Mississippi,Saratoga and Plymouth with a flag ship named SUSQUEHANNE. All these
ships sailed to Japan for an naval expedition on 8th July 1853 and they entered EDO BAY
and anchored at a distance of 1 kilometer from Uraga city. the Japanese samurai’s general shogun declined to meet the delegation of commander perry.
After threatening the Japanese government landed with 300 men and gave the message of
U.S. President Fillmore ,to the representatives of shogun.
The Perry treaty of friendship was signed on March 31st of 1854 which opened the
Japanese ports for U.S. trade. Nagasaki and Hakodate were opened first and later
yokohoma was thrown open for American trade later on yokohoma has become a main port for
transit of goods in to China, Japan, and the other countries in the neighborhood.
In the back drop of above incidents the British crown also cooperated with the Americans
as the Japanese started building their fleet by lifting a ban for the
construction of large ships and purchased many ships guns, arms and harmony from Dutch
to counter the American ships. In this circumstances the traders of Western
India who are doing trade from the port of Surat and Bombay along with the U.S. traders
have started a bank at Yokohoma, Japan and started issuing the bank notes under
the name and the style as THE CENTRAL BANK OF WESTERN INDIA. This notes were in
circulation in Japan and China region.
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The Central bank of Western India,

RARE BANKNOTES IN AUCTIONS



BANK OF WESTERN INDIA which operated during the period of 1842-1845 A.D, The Central bank of Western India, The Central Bank of Western India Yokuhama Japan, damodhar rao musham,
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banks were given permission to issue dollar certificates called as Yoginken

banks were given permission to issue dollar certificates called as Yoginken
In November 1,200,000 yen of amount was alloted from central fund and 2,600,000 yen ws
alloted in local budget for the redemption of the notes.The paper money issued
during this period was easily forged to increase the inflation.In 1868 the government
establish board of trade and gave permission to certain companies to discount on
paper money at 8 cities and funds were placed in their disposal who issue gold, silver,
dollar and coin certificates. Only Osaka and Kyoto were given permission to issue
fractional curency and which were inconvertible. Seeing the fractional currency was
facing shortage government issued paper money and copper coins. Except one yen in
notes all gold and silver certificates were convertible into their respective metals. In
1872 the ten companies which were given permission to issue discounts and paper
money in ten cities were liquidated with enormous loses but the government being the
originator and guaranteer has to bear the responsibility and claim for the liquidation
amount. In 1875 the government allowed the private notes to be convertible into
government notes and half the amount of the private notes. Under this circumstances the
government has issued loan bonds for the amount of 174,000,000 yen to pay the war lords
and pensioners in exchange for their old government bonds issued earlier.
There were some exceptions granted to second and fifteenth national banks, the above

banks were given permission to issue dollar certificates called as Yoginken for
the amount of 15,000,000 yen in the year of 1877.
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Banknotes of denominations below $5 were not allowed to be issued

Banknotes of denominations below $5 were not allowed to be issued

Banknotes of denominations below $5 
were not allowed to be issued

YOKOHAMA ONLY KNOWN NOTE 

KNOWN IN CIRCULATION

Most banknotes in have been issued by commercial banks rather than by a central bank, as
in other places. Regulation of banknote issue in nineteenth-century Japan
and China was loose. The government accepted payments in banknotes for taxes and fees
only from banks incorporated by Royal Charter or under the Colonial
Regulations. But this did not prevent other banks from issuing notes.
Banknotes of denominations below $5 were not allowed to be issued without special
government permission: the aim was to prevent banknotes getting into the hands of
poorer people, who would suffer more in the event of a bank collapse. Three note-issuing
banks did, in fact, collapse in the nineteenth century: the Agra and Master man’s
Bank and the Commercial Bank Corporation of India and the East during the global
financial crisis of 1866, and the Oriental Bank Corporation — one of the main note-issuers
in 1884.
In 1878 the redemption of paper money has increased national debt, the Japanese
government has sold silver worth of 2,300,000 yen in April, In 1880 the government
against sold 6,600,000 yen of silver to increase the value of paper money but they did
not help at all. The government also prohibited the sale of gold and silver when the
stock exchange took up the devaluation of paper money. A new tax was introduced on sike
a breverage made from rice.
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CHINA BOND USED IN BOMBAY VERY RARE LOCATION

CHINA BOND USED IN BOMBAY VERY RARE LOCATION


 CHINA BOND USED IN BOMBAY VERY

 RARE LOCATION

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