KMT says bonds prove its contributions

REASON FOR UNIFICATION?DPP lawmaker Lin Chun-hsien said regulations were such that the KMT needed unification with China to be able to cash the gold bonds

Taipei Times
Date: Mar 18, 2017
By: Stacy Hsu / Staff reporter

The Chinese Nationalist Party (KMT) yesterday said it has discovered gold bonds

Chinese Nationalist Party (KMT) Administration and Management Committee director Chiu Da-chan holds a gold bond at a news conference in Taipei yesterday. Photo: Huang Yao-cheng, Taipei Times

issued by the Republic of China (ROC) government in 1947 worth nearly NT$38.5 billion (US$1.258 billion), touting the find as proof of the party’s contributions to the nation.

KMT Administration and Management Committee director Chiu Da-chan (邱大展) said the large batch of gold bonds, found during the KMT’s recent inspection of its assets, are still in good condition.

“These gold bonds had been recorded multiple times in the party’s documents and were transported to Taiwan during the [Chinese Civil] war, before being stored in 68 boxes and placed in the trust of CTBC Bank Co (中國信託銀行),” Chiu told a news conference in Taipei.

The bonds remain in the bank, as the KMT’s request last year to retrieve them was denied, he said.    [FULL  STORY]

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