Emprunt de la Ville de Varna / City of Varna, Bulgaria

5% Goldanleihe der Stadt Varna. Text is in Bulgarian, French and German. Dated at Varna, March 1907, No. 06,865, for 500 Leva Metallic Gold = 500 French Francs = 405 Mark Reichwahrung = 476 Austrian-Hungarian Crowns = 240 Dutch Guilders. Issued and uncancelled, certificate is in good condition, with a fold mark and slight edgewear. 40 c 30 cm.