The State Agricultural Bank was established in 1919 as the Polish State Agricultural Bank, transformed into the State Agricultural Bank in 1921. The bank's object was to supply agriculture with short- and long-term credit. The bank issued mortgage bonds and land reclamation bonds.
The object of the auction is a 7% mortgage bond for 1,000 zlotys in gold (Letter C), converted under the Treasury Minister's Decree of February 6, 1933. - changing the interest rate to 4.5% with an extension of the redemption period to 55 years.
Variety with a wide "No" preceding the numerator; watermark "waves" - recommended in spite of the state of preservation; to date, all pieces that have appeared in the collector's trade have had a narrow "No" and watermark "eagles."
