This 1940 Post Office 5-Year Cash
Certificate is a silent witness to one of the most volatile decades in human
history. Issued on April 2, 1940, in Khulna (now Bangladesh) to Lalmohan Dutta,
it represents a sovereign promise made during the height of World War II. As
the British Administration sought to stabilize the wartime economy, these
"1936 Issue" bonds became essential tools for mobilizing domestic
capital, mirroring the global shift toward state-backed security.
The certificate’s reverse side
reveals a fascinating financial and geographical journey. While it tracked a
steady growth from a purchase price of Rs. 88 to its Rs. 100 maturity, the
stamps tell the real story of migration. Notations indicate transfers between
Rangamati and Calcutta between 1945 and 1950. These dates bookend the 1947
Partition, showing how this physical asset crossed newly formed borders as the
map of the world was being redrawn.
In the realm of Scripophily, the prominent red "X" and "Receipt on Discharge" are marks of historical completion, not ruin. They confirm that the bond fulfilled its purpose, paying out Rs. 135, 10 annas to the holder. For modern collectors, such specimens with clear provenance and legible stamps from the Bengal region are rare, typically valued between ₹1,000 and ₹2,000 due to their scarcity and connection to postal history.
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