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 an 8% mortgage bond for PLN 1,720 in gold (the value of the zloty according to the 1927 parity), series I, without conversion changing the interest rate.
The value of the mortgage bond as modified by the stamp in red.
