---
title: Republic of Korea, Certificate of Indebtedness ($10 bond, no. 462), signed by Syngman Rhee
url: https://propagandaarchive.org/collection/republic-of-korea-indebtedness-certificate-1919/
description: 'A ten-dollar ''Certificate of Indebtedness'' in the form of a sovereign gold-standard bond: engraved border, numbered, ''Republic of Korea'' as its masthead…'
section: Collection
---

[Collection](https://propagandaarchive.org/collection/)

[![Republic of Korea, Certificate of Indebtedness ($10 bond, no. 462), signed by Syngman Rhee](https://propagandaarchive.org/collection/images/republic-of-korea-indebtedness-certificate-1919.jpg)](https://propagandaarchive.org/collection/images/republic-of-korea-indebtedness-certificate-1919.jpg)

# Republic of Korea, Certificate of Indebtedness ($10 bond, no. 462), signed by Syngman Rhee

A ten-dollar 'Certificate of Indebtedness' in the form of a sovereign gold-standard bond: engraved border, numbered, 'Republic of Korea' as its masthead, redeemable at the Minister of Finance at Seoul, an embossed seal and two signatures. The state paper's borrowed form and the promise to pay once the United States recognises the Republic are the transfer, lending an unrecognised claim to sovereignty the look of an established treasury's credit.

- **Date:** September 1, 1919
- **Period:** [Interwar](https://propagandaarchive.org/collection/#era=interwar)
- **Made by:** Provisional Government of the Republic of Korea (Syngman Rhee, President) and its Korean Commission
- **Region:** [East Asia](https://propagandaarchive.org/collection/#region=east-asia)
- **Country:** [Provisional Government of Korea](https://propagandaarchive.org/collection/#country=provisional-government-of-korea)
- **Medium:** [Banknotes and coins](https://propagandaarchive.org/collection/#medium=banknote-coin)
- **Issuer type:** [State](https://propagandaarchive.org/collection/#actor=state)
- **Regime:** [Provisional Government of Korea](https://propagandaarchive.org/collection/#regime=provisional-government-of-korea)
- **Leader:** [Syngman Rhee](https://propagandaarchive.org/collection/#leader=syngman-rhee)
- **Audience:** [Diaspora or minority](https://propagandaarchive.org/collection/#audience=diaspora-minority)
- **Purpose:** [Fundraise](https://propagandaarchive.org/collection/#purpose=fundraise)
- **Themes:** [Economy and finance](https://propagandaarchive.org/collection/#theme=economy-finance), [Empire and colonialism](https://propagandaarchive.org/collection/#theme=empire-colonialism)
- **Event:** [Korean Independence Movement](https://propagandaarchive.org/collection/#event=korean-independence-movement)
- **Techniques:** [Transfer](https://propagandaarchive.org/techniques/transfer/)
- **Source:** Identified Openly sourced: the speaker is who they say they are
- **Source:** [Wikimedia Commons (scan credited to University of Southern California)](https://commons.wikimedia.org/wiki/File:Provisional_Government_of_Korea_Bond.jpg), retrieved September 29, 2026
- **Rights:** Public domain (issued 1919, before 1931; Commons tags PD-South Korea-exempt) Provisional Government of the Republic of Korea, 1919; scan via University of Southern California and Wikimedia Commons

## Text on the object

Original (English) · read from the image, not independently checked

```
$10                                                            No. 462

Republic of Korea
Certificate of Indebtedness

This Certifies that there is due from the Republic of Korea to the Bearer, the sum of TEN DOLLARS, of the standard of value, weight and fineness of gold coin of the United States of America, for the redemption of which we pledge the good faith and credit of the Republic of Korea upon presentation to the Minister of Finance, at Seoul, Korea, within one year after the recognition of the Republic of Korea by the United States of America; the original holder hereof having loaned the amount of this certificate of indebtedness to the Republic of Korea. Redemption shall be made either in cash or in authorized bonds of the Republic of Korea drawing not less than four per cent per annum as the said Minister of Finance, acting for the said Republic of Korea, by proper authority shall direct. This certificate shall draw interest at six per cent per annum until time for redemption as above specified.
Done and certified by and for the Republic of Korea this first day of September, A.D. 1919.

ATTEST:
[signature] Kiusic Kimm
Chairman of the Korean Commission
[signature] Syngman Rhee
President of the Republic of Korea

[embossed seal, partly legible] [illegible printer's mark, lower left margin]
```

Signature names are read from the signatures themselves and matched to the printed titles beneath them. The embossed seal (centre right, overlapping the signature line) and the tiny printer's mark at lower left are not legible.

[← "Die Wiege des Völkerbundes" (Simplicissimus cartoon, 1919)](https://propagandaarchive.org/collection/simplicissimus-wiege-des-voelkerbundes-1919/) [America When Feminized →](https://propagandaarchive.org/collection/america-when-feminized-1920/)

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- [Gold coin of Kanishka: King of Kings legend, king at the altar, deity Oesho](https://propagandaarchive.org/collection/gold-dinar-kanishka-king-of-kings-0130/) (0130 · Transfer)
- [Gold solidus of Justinian I, reverse VICTORIA AVGGG with Victory holding a Christogram staff](https://propagandaarchive.org/collection/solidus-justinian-i-victoria-avggg-0538/) (0538 · Transfer, Glittering generalities)
- [Bayeux Tapestry, scene 23: UBI HAROLD SACRAMENTVM FECIT VVILLELMO DVCI](https://propagandaarchive.org/collection/bayeux-tapestry-harold-oath-to-william-1070/) (1070 · Transfer, Card stacking)
- [Frontispiece to Eikon Basilike, The Pourtraicture of His Sacred Majestie in his Solitudes and Sufferings (Hollar, 1649)](https://propagandaarchive.org/collection/eikon-basilike-frontispiece-hollar-1649/) (1649 · Transfer, Glittering generalities)
- [Consult of the doctors on the grave illness of the Grand Sultan (Consult vande medicijnen inde swaere siekte vanden grooten Sultaen)](https://propagandaarchive.org/collection/consult-of-the-doctors-sick-sultan-antwerp-1683/) (1683 · Transfer, Bandwagon)
- [The Highlanders Medley, or The Duke Triumphant (A Loyal Song)](https://propagandaarchive.org/collection/highlanders-medley-duke-triumphant-1746/) (1746 · Name-calling, Transfer)
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