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BONDS AND SHARE CERTIFICATES OF THE WORLD 28 NOVEMBER 2014 LONDON
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Bonds and Share Certificates of the World - 14017

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Page 1: Bonds and Share Certificates of the World  - 14017

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STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

69 Southampton Row, Bloomsbury, London WC1B 4ETwww.spink.com

£25

BONDS AND SHARECERTIFICATES OF THE WORLD

28 NOVEMBER 2014

LONDON

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GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

UK - Tim Hirsch Guy Croton Fernando Martínez David Parsons Nick Startup Neill GrangerPaul Mathews Dominic Savastano Tom Smith Ian Shapiro (Consultant)

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando Martínez

CHINA - Anna Lee Tommy ChauCOINS

UK - Mike Veissid Richard Bishop Eleanor Charlotte DixTim Robson Edouard Wyngaard Jon Mann Barbara Mears John Pett

USA - Stephen Goldsmith (Special Consultant) Greg Cole Luke MitchellCHINA - Kin Choi Cheung

BANKNOTES, BONDS & SHARES

UK - Barnaby Faull Mike Veissid Andrew Pattison Monica KruberUSA - Stephen Goldsmith (Special Consultant)

EUROPE - Peter ChristenCHINA - Paul Pei Po Chow Kelvin Cheung

ORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John HaywardBOOKS

UK - Philip Skingley Jennifer MulhollandAUTOGRAPHS

USA - Stephen Goldsmith (Special Consultant)WINES

CHINA - Vincent Cleme Anna Lee Guillaume Willk-Fabia

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeCharles Blane

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMiroslava Adusei-Poku Edward Rivers Luca Borgo Rita Ariete Dora Szigeti

John Winchcombe María Martínez Maurizio Schenini

FinanceAlison Bennet Marco Fiori Mina Bhagat Dennis Muriu Hemel Thakore James Mayo

IT & AdministrationBerdia Qamarauli Leszek Woronowicz Liz Cones Curlene Spencer

Tom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK)

Auction Administration and Marketing & DesignSonia Alves Madison Lang

Finance & AdministrationAleena Nieves

AuctioneersStephen Goldsmith Luke Mitchell Madison Lang

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

Vice ChairmanAnna Lee

AdministrationAngie Ihlofung Newton Tsang Sue Pui Arthur Chan Gary Tan

BANKNOTES

15 November The Numismatic Collector’s Series Sale Hong Kong CSS139/10 December World Banknotes London 1403917 January Banknotes, Bonds & Share Certificates of China and Hong Kong Hong Kong 1501527 January The Numismatic Collector’s Series Sale New York 32128/29/30 April World Banknotes London 150088/9 July World Banknotes London 15028

SALE CALENDAR 2014/2015

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

25/26 November The Philatelic Collector’s Series Sale London 1402527 November Speciallised Great Britain Stamps and Postal History London 1403611 December The Leeward Islands, Bahamas and Turks Islands from the Vestey Collection London 1403318 January David Tett’s Collection of Prisoner of War Mail in East Asia and Dutch East Indies Hong Kong 1501618 January Fine Stamps and Covers of China and Hong Kong Hong Kong 1501721/22 January The Philatelic Collector’s Series Sale New York 15027 January The Federico Borromeo Collection of Nevis Stamps and Postal History London 1501027 January The “Robert Wallace” Collection of Great Britain Line Engraved London 1502028 January East Africa from the Vestey Collection London 1501329/30 January The Philatelic Collector’s Series Sale London 1501131 January The Philatelic Collector’s Series Sale, including Latin America and Europe Lugano SW101518 February The “Lionheart” Collection of Great Britain and British Empire – Part IV London 1501218 March Rhodesia Double Head Issue from the Vestey Collection London 1502116 April The Neville Polakow FRPSL Collection of Northern Rhodesia London 150227/8 May The Philatelic Collector's Series Sale London 1502319 May Western Australia from the Vestey Collection London 1502420 May Specialised Great Britain Stamps and Postal History London 1502515/16 July The Philatelic Collector's Series Sale London 15026August Stamps and Covers of South East Asia Sale during the International Exhibition Singapore 15027

COINS

15 November The Numismatic Collector’s Series Sale Hong Kong CSS132 December Important Collection of Islamic and Indian Coins London 1403815/16 December Ancient, British & Foreign Coins and Commemorative Medals London 1400717 January Banknotes, Bonds & Share Certificates of China and Hong Kong Hong Kong 1501527 January The Numismatic Collector’s Series Sale New York 32125/26 March Ancient, British & Foreign Coins and Commemorative Medals London 150041/2 July Ancient, British & Foreign Coins and Commemorative Medals London 15005

MEDALS

20 November Orders, Decoration, Campaign Medals & Militaria London 1400323 April Orders, Decoration, Campaign Medals & Militaria London 1500123 July Orders, Decoration, Campaign Medals & Militaria London 15002

BONDS AND SHARES

15 November The Numismatic Collector’s Series Sale Hong Kong CSS1328 November Bonds and Share Certificates of the World London 1401717 January Banknotes, Bonds & Share Certificates of China and Hong Kong Hong Kong 1501528 January Stocks and Bonds of the Americas New York 32131 January Bonds & Share Certificates of the World Lugano SW101428 May Bonds & Share Certificates of the World London 15018

AUTOGRAPHS

27 January The Numismatic Collector’s Series Sale New York 321

WINES

20 November Whisky, Cognac and Other Spirits Hong Kong SFW1116 January Wines, Cognacs and Other Spirits Hong Kong SFW12

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front Cover illustration: 85 (detail) back Cover illustration: 383

to purchase a catalogue:

email: [email protected]

tel: +44 (0)20 7563 4005 fax: +44 (0)20 7563 4037

for more information about Spink services, forthcoming

sales and sales results visit the Spink Website

www.spink.com

SALE LOCATION

SpiNK LoNdoN

69 Southampton row, bloomsbury

London WC1b 4et

tel +44 (0)20 7563 4000 fax +44 (0)20 7563 4066

vat No: gb 791627108

YOUR SPINK TEAM FOR THIS SALE

for your queStioNS about the SaLe LotS

SALE DETAILS

friday 28 November at 10.00 a.m.

in sending commission bids or making enquiries,

this sale should be referred to as UNION - 14017

VIEWING OF LOTS

SpiNK LoNdoN

69 Southampton row, bloomsbury

London WC1b 4et

thursday 27 November 2014 10.00 a.m. - 5.00 p.m.

private viewing by appointment only

please use the qr code to visit our website, view our catalogues and otherpublications and place commission bids. you can download the qr Code reader foriphone, blackberry and android from app Store on your smartphone.

Rita [email protected]+44 (0)20 7563 4005fax +44 (0)20 7563 4037

for your bidS

John [email protected]

+44 (0)20 7563 4101

for your vat eNquirieS

*Spink is pleased to continue to offer our brand new on-line biddingplatform Spink Live for no charge through www.spink.com. Please notethat bidders who acquire lots on the-saleroom.com will have a fee of 3% onthe hammer price added to their invoice for using this facility. For moreinformation and personal assistance please email [email protected] orplease call +44 (0)20 7193 8608 or +44 (0)20 7193 8342.

The Spink Environment Commitment:Paper from Sustainable Forests and Clean InkSpink has a long history of preserving not only collectables but our planet, too. We are proud to ensure thatour policy of sustainability and conservation keeps up with Spink’s growth, helping improve the environmentfor new generations of collectors.

We insist that our printers source all paper used in the production of Spink catalogues from fSC and/or pefCsuppliers and use non-hazardous inks. We also ask they hold the environmental standard iSo 14001.

Spink recycle all ecological material used on our premises and we encourage you to recycle your catalogueonce you have finished with it.

*

Leszek [email protected]+44 (0)20 7563 4090on auction day only:+44 (0)20 7193 8608+44 (0)20 7193 8342

for your iNterNet biddiNg

James [email protected]+44 (0)20 7563 4018

for your paymeNt

Mike [email protected]+44 (0)20 7563 4075

Andrew [email protected]+44 (0)20 7563 4044

BONDS AND SHARE CERTIFICATESOF THE WORLD

28 November 2014 in London and on

and/or

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boNdS aNd Share CertifiCateS of the WorLd

COLLECTIONS AND LOTS 1-5

AFRICAMiscellaneous Lot 6Algeria 7Angola 8Belgian Congo 9-10British Central Africa (Malawi) 11Ethiopia 12French Equatorial Africa 13-14Gold Coast (Ghana) 15Ivory Coast 16-17Madagascar 18Nigeria 19Rhodesia 20-28Sierra Leone 29South Africa 30-55

THE CLAYTON COLLECTION OF EGYPT 56-178

EGYPT, OTTOMAN EMPIRE & MIDDLE EASTEgypt (other properties) 179-190Iraq 191-192Ottoman Empire 193-198Palestine 199

ASIAChina:Foreign Debt 200-281Internal Loans 282-283Municipal Loans 284-287Commercial & Industrial Companies 288-297India 298-310AJapan 311-314Manchuria 315-320Malaya 321-329Netherlands Indies 330Philippines 331Siam (Thailand) 332-333

AUSTRALASIAAustralia 334-347New Zealand 348-360

CANADA 361-379

GREAT BRITAIN AND IRELANDGovernment Finance 380-415South Sea Company 416-419Miscellaneous Lots 420-423Canals 424-431Railways 432-464Tramways & Buses 465-469Shipping & Shipbuilding 470-479Bridges, Piers, Docks & Harbours 480-489Motor Cars & Cycles 490-495Aviation 496-497Banks, Insurance & Finance 498-507Mining 508-511Sport and Entertainment 512-528Commercial & Industrial 529-547Ireland 548-564Literature 565-568

EUROPEMiscellaneous Lot 569Austro-Hungarian Empire 570Austria 571-573Belgium 574-579Bulgaria 580-589Croatia 590-592Czechoslovakia 593Danzig 594Denmark 595Estonia 596-598Finland 599-602France 603-631Germany 632-651Greece 652-669Hungary 670-675Italy and Colonies 676-684Lithuania 685Netherlands 686Norway 687Poland 689Portugal and Colonies 690-705Serbia 706-707Spain 708-728Sweden 729Switzerland 730-732Ukraine 733

LATIN AMERICAMiscellaneous Lots 734-735Argentina 736-743Bolivia 744Brazil 745-762British Guiana 763-764British Honduras 765Chile 766-769Colombia 770Costa Rica 771Cuba 772-773Ecuador 774Mexico 775-783New Granada 784-785Panama 786Peru 787-789Poyais 790-791Uruguay 792-794

RUSSIAMiscellaneous Lot 795State Loans 796-801City Loans 802-803Railways 804-815Banks 816-818Commercial & Industrial 819-828British Companies 829-834French & Belgian Companies 835-837

UNITED STATES OF AMERICAMiscellaneous Lots 838-839Confederate States 840State Loans 841-846Railroads 847-854Railroad Literature 855-857Commercial & Industrial 858-877British Companies 878-882

ORDER OF SALE

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November 28, 2014 - LoNdoN

FRIDAY 28 NOVEMBER 2014

Commencing at 10.00 a.m.

All Sales are subject to the Terms and Conditions for Buyers printed at the back of this catalogue.Please note that bidders who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added

to their invoice for using this facility. Spink is pleased to continue to offer our brand new on-line bidding platformSpink Live for no charge through www.spink.com.

EstimatesThe estimated selling price of each lot is printed below the lot description and does not include the Buyer’s Premium.

Bidders should bear in mind that estimates are prepared well in advance of the sale and are not definitive.They are subject to revision.

Notes on CataloguingDates in the catalogue are shown thus – 18[95] – where the 18 is printed and

the numbers in brackets are inserted by hand.

Serial numbers of lots are shown in most cases.

MISCELLANEOUS LOTS

1Large collection of miscellaneous certificates,mainly Europe and the USA, including GrangeMotor and Cycle Co. Ltd., £5 shares (2), 19[20] and19[22], blue; New English Bank of the River PlateLtd., preference shares of £5 each, 189[2], blue;Transmutograph Ltd., 2 shilling shares, 19[29], black;British Filograph Co. Ltd., 2 shilling shares, 19[29],black; Bone, Phosphate and Chemical Co. Ltd., firstmortgage debenture for £10, 190[2], black on blue-grey paper, 4 pages, and others, mixed condition butgenerally fine to very fine, a few better (83)

£80-100

2A useful group of British Companies operatingoverseas (5), comprising Albion Gold MiningCompany, £1 shares, [1853], black, on linen;Australian Royal Mail Steam navigation Company, oneshare, 1852, black on blue paper; East Indian JunctionRailway Company, 1847; British Honduras CompanyLtd., £5 share, 18[64], black; Mediterranean ElectricTelegraph, £10 share, 185[4], coat of arms at top,black, and, Nova Scotia Land and Gold Crushing andAmalgamating Co. Ltd., £2 share, 1863, coat of armsin centre, black, generally about extremely fine (6)

£120-150

3Slough Creek Ltd., bearer warrant for 100 shares of4 shillings each, London 190[7], no.47, ornateborder, blue, together with other certificates fromCommonwealth countries including; Sheba GoldMining Co. Ltd., 10 shares of 5 shillings each, 19[12],black on blue paper; Bonsor Gold Mining Co. Ltd., £1shares, 189[8], black; Jessie Gold Mining Co. Ltd., £1shares, 189[9], red, and others (16), first two each witha small edge tear, otherwise generally very fine (20)

£80-100

4A useful group of certificates of British financedcompanies, including Egyptian Syndicate Ltd., ‘A’shares, 1899, small Sphinx below title, green; MagadiSoda Co. Ltd., £1 ordinary shares, 19[19], vignette ofsalt lake, capital overprinted; Transvaal Gold MiningEstates Ltd., £1 shares, 190[4], vignette of miningcamp; Bengal Iron & Steel Co. Ltd., mortgagedebenture stock, 19[15], blue, printed by Waterlow &Sons; Leona Gold & Silver Mining Co. Ltd. (Mexico),£50 debentures (2), 190[1], blue; Mexican GeneralLand Mortgage and Investment Co. Ltd., £5 shares,188[9]; Orsk Goldfields Ltd., £1 shares, 190[6] and190[7], different printings, and others ( 16), generallyabout very fine (25)

£150-200

5A miscellaneous collection of European andColonial companies, many with duplication, mostlyearly 1900’s including; Compagnie Immobilière deDusseldorf, 100 franc share (5), Paris 1905, ornateborder, red and blue; Compagnie Francaise desChocolats et des Thés L. Schaal & Cie., 500 francshare (4), Strasbourg 1927, allegorical figures incentre, brown and yellow; Compagnie Générale desTabacs, 100 franc preference share (7), Paris 1927,plantation at top and ornate border, blue; SocietateAnonima Romana Pentru Desvoltarea IndustrieMiniere, 10 shares of 500 lei each (3), Bucharest1923, very ornate border of allegorical figures andmine workings, brown and black; Motocyclettes etAutomobiles “Viratelle”, 100 franc share (2), Lyon1920; Société Immobilière de la Grande Plaged’Hyères, 100 franc share (2), 1927; Société desPlantes à Parfums de Madagascar, 100 franc share (9),1927; La Kotto, 500 franc share, 1907, and others(25), listed items mostly good very fine, others very fine,a few with filing holes, many with light creasing (58)

£200-300

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MISCELLANEOUS6A small collection of African mining certificates, allissued to the Earl of Norbury, comprising Nile ValleyGold Mining Co. Ltd. (Egypt), £1 shares, 19[12],no.4628, vignette of mine camp at top, dark green;Zoutpansberg Consolidated Mines Ltd., £1 shares,190[3], red; Collis Diamond Syndicate Ltd., £1shares, 190[6], ornate border, black; Toweli SouthAfrican Estates Ltd., £1 shares, 19[04], 2 examples,decorative black printing; Pigg’s Peak DevelopmentCo. Ltd., £1 shares, 19[02], black; Akoko Main ReefLtd., 4 pieces, all 1 shilling shares with varying capital,191[4], 191[5], 192[3] and 19[24] (the first and lastof these only fine), black, and Offin River Gold EstatesLtd., option certificates for 5 shilling shares, 1934,both no.291, generally very fine unless stated, the latterwith rough edges at top (12)

£60-80

ALGERIA

7Compagnie Agricole du Sahara Algérien, 500 francshare, Touggourt 1926, no.370, ornate architecturalborder, underprint vignette of man on camel, navyblue and buff, stamp indicating capital amountincreased in 1932, with coupons, good very fine

£80-100

ANGOLA

8Companhia de Angola S.A., 50 franc share,Schaerbeek-Bruxelles 1899, no.3043, large vignette ofbull elephant emerging from forest at left, wagon trainat top, blue with pink underprint, with coupons, lightcentre crease, almost extremely fine

£80-100

boNdS aNd Share CertifiCateS of the WorLd

AFRICA

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9Société Equatoriale Congolaise (Ikelemba), 500franc preference share, Antwerp 1900, no.114, ofonly 80 issued, attractive piece with native hut, riverboat and palm trees, black and red, with coupons,extremely fine

£60-80

10Soc. des Mines d’Or de Kilo-Moto, a large group of200 preference shares, 1944, very attractive piece withnative miner and village scene, red and black, withcoupons, generally extremely fine (200)

£120-150

Formed in 1926, the mines were based in the North-Eastof the Belgian Congo. The first mine (Kilo) originallyopened in 1905, and Moto in 1911, but these weredeveloped and upgraded in 1919 by the ‘RégieIndustrielle des Mines de Kilo-Moto’ who introducedhydro-electric power etc. The commercial company wasformed and issued a majority of the shares to the Congogovernment in payment for the assets built by the Régie,the remainder going to Belgian banks.

November 28, 2014 - LoNdoN

BELGIAN CONGO

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BRITISH CENTRAL AFRICA(MALAWI)

11British Central Africa Company Ltd., 2/- shares, aspecimen certificate from the Bradbury, Wilkinson &Co. archives, coat of arms in centre, circa 1920, bluewith pink underprint, together with 50, 100 and 200shares of 2 shillings, later issues, circa 1930, all withornate border, coat of arms at top, red, green and bluerespectively, the first has red circular Bradbury stamp,latter three with coupons and small hole cancels, veryfine to extremely fine (4)

£80-100

ETHIOPIA

12Cie. Imperiale des Chemins de Fer Éthiopiens, agroup of 10 certificates for 500 franc shares, Paris1899, superb huge vignette of the King and entouragewaiting for a steam train, yellow and brown, withcoupons, some toning and nicks at edges, otherwise goodvery fine (10)

£150-200

FRENCH EQUATORIAL AFRICA

13La Kotto S.A., a group of 10 ‘parts beneficiaire’, Paris1907, lovely piece with vignettes of natives and variousanimals including hippo, elephant and crocodile, blue,all with coupons, good very fine (10)

£120-150

14Société Nouvelle des Sultanats du Haut-Oubangui,10 certificates for 100 franc shares, Paris 1927,attractive piece with border vignette of natives carryingand transporting goods, palm trees and waterfront,blue and yellow, all with coupons, about extremely fine(10)

£100-120

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GOLD COAST (GHANA)

15Gold Coast India Rubber Company S.A., 100 francshare, Brussels 1899, no.11759, lovely vignette ofsmall paddle steamer, felling trees at top left, dark bluewith pink underprint, with coupons, almost extremelyfine

£60-80

IVORY COAST16Kokumbo (Ivory Coast) Co. Ltd., a set of specimencertificates for 1, 5, 10 and 25 shares of £1, undatedbut circa 1905, from the Bradbury, Wilkinson & Co.archive, ornate borders, blue, green, red and brownrespectively, text in English and French, with coupons,numbered A0001, B0001, C0001 and D0001,together with Baoule (Ivory Coast) ConsolidatedMines Ltd., 100 shares of £1, a specimen certificate,circa 1910, grey, with coupons, generally extremelyfine (5)

£60-80

17Kokumbo (Ivory Coast) Co. Ltd., a set of specimencertificates for 1, 5, 10 and 25 shares of £1, undatedbut circa 1905, from the Bradbury, Wilkinson & Co.archive, ornate borders, blue, green, red and brownrespectively, text in English and French, with coupons,numbered A0001, B0001, C0001 and D0001,together with Baoule (Ivory Coast) ConsolidatedMines Ltd., 100 shares of £1, a specimen certificate,circa 1910, grey, with coupons, generally extremelyfine (5)

£60-80

MADAGASCAR

18A lovely group of French Madagascan Certificates,comprising; Messageries Francaises de Madagascar,founders share, Paris 1898, ornate border, black, and500 franc share, 1899, ornate border and underprintvignette, black and turquoise, both with steam train attop and shipping at bottom; Compagnie du Faraony,25 franc share, Paris 191[1], ornate border, darkgreen; Compagnie Coloniale et des Mines D’Or deSuberbieville, founders share, Paris 1895, column styleborder, blue and green; and Compagnie GénéraleFranco-Malgache, founders share, Paris 1899, ornareborder, black and pale green, all with coupons, veryfine to extremely fine (5)

£80-100

NIGERIA19A very large and varied group of West Africanmining and plantation certificates, most from theearly 20th century, including; Ilo Valley Rubber &Cocoa Plantations Ltd., 19[10]; Bongwelli (Nigeria)Tin Syndicate Ltd., 19[20]; Boma (Nigeria) Tin Co.Ltd., 191[2]; Prah Gold Mines Ltd., 1[901]; BokitsiGoldfields Ltd., 190[4], and Axim Mines Ltd.,1[903], generally fine to very fine and a useful lot (70)

£200-300

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20A collection of Rhodesian companies, a few withlocal registration and adhesive revenue stamps,comprising Amalgamated Properties of Rhodesia Ltd.,5 shilling shares, 19[10]; Amalgamated Properties ofRhodesia (1913) Ltd., 4 shilling shares, 19[13];Associated Rhodesian Gold Estates Ltd., 189[8];Bulawayo Exploration Co. Ltd., 19[01]; Gwanda(Rhodesia) Consolidated Developing Co. Ltd.,189[5]; Kafue Copper Development Co. Ltd.,[1929]; Mayfair Gold Mining Co. Ltd., 19[28];Mazoe Tobacco Estates Ltd., 19[28]; New RhodesiaMines Ltd., [1909]; Red & White Rose Gold MiningCo. Ltd., 190[2]; Rhodesia Consolidated Ltd.,19[21]; Rhodesia Goldfields Ltd., 1[900]; RhodesiaTrading Co. Ltd., 19[09]; Rhodesian Gold TrustLtd., 18[96]; Rhozambia Mines Ltd., 19[33]; Rose ofSharon and Shamrock Gold Mines Ltd., 191[1];Shamva Mines Ltd., [1918], and Union andRhodesian Trust Ltd., 19[20], a few with slight edgenicks, pin holes in many, but about very fine (18)

£100-150

21A small collection of better Rhodesian companies,some rare, comprising St. Gerera Development Co.Ltd., £1 shares, 1[899], no.79, green; Rhodesia Ltd.,£1 shares, 189[6], no.3954, brown; Vincent’sRhodesian Development Co. Ltd., £1 shares, 18[96],no.62, brown; Rhodesia Cold Storage and TradingCo. Ltd., £1 shares, 190[3], no.534, black; RhodesiaMines Ltd., £1 shares, [1899], no.503, mauve;Rhodesian Gold Trust Ltd., £1 shares, 18[96],no.1365, red, and South Rhodesia Land and MiningCo. Ltd., 2s6d shares, 19[08], no.97, green, nodamage and minimal creasing throughout, good veryfine (7)

£100-150

22A good collection of Rhodesian mining certificates,most dated from 1890’s to 1930’s, comprising;Hammond’s Matabele Gold Mines Development Ltd.,£1 shares, 189[5]; Antenior (Matabele) Gold MinesLtd., £1 shares (2), 1902/03; Gwelo (Matabeleland)Exploration & Development Co. Ltd., 10/- shares,18[95]; Holton Consolidated Co. Ltd., £1 shares,189[9]; Prospectors of Matabeleland Ltd., £1 shares,189[4]; Bonsor Gold Mines Ltd., 5 shilling shares,19[36]; Bonsor Gold Mining Co. Ltd.; East GwandaMines Ltd. (2); Kafue Copper Development Co. Ltd.;Matabele Reefs and Estates Co. Ltd. (3); MatabeleGold Reefs and Estates Co. Ltd. (3); Dunraven GoldMining Co. Ltd. (2); Goldfields of Matabeleland Ltd.;Selukwe Development Syndicate Ltd.; Jessie GoldMining Co. Ltd.; Eagle Vulture Mines Ltd.; Clark’sConsolidated Ltd., and British South Africa Company,15 shilling shares (5), 1939-1964, generally very fine,some with slight egde tears and heavy creasing (29)

£150-200

23An accumulation of 40 Rhodesian certificates, amixed condition lot, some duplication, dates rangemainly from 1900 to 1950’s, one or two earlier,mostly mining and land companies, generally fine tovery fine (40)

£150-200

24Ayrshire Gold Mine & Lomagunda Railway Co.Ltd., £1 shares, 19[04], no.1147, green, capitaloverprinted, together with other Rhodesiancertificates (4), comprising Dunraven Gold MiningCo. Ltd., 1904; Rhodesian Mining & Finance Co.Ltd., 1905; Rhodesia Goldfields Ltd., 1904, and anallotment certificate for Rhodesia Exploration andDevelopment Co. Ltd., 1909, generally very fine, thefirst rare (5)

£80-100

25Charterland Goldfields Ltd., bearer warrant for 25shares of £1, London 190-, a specimen certificate fromthe Bradbury Wilkinson & Co. archive, very attractivepiece with border comprising vignettes of steam train,ostrich, natives and wagon, pink and black, numberedD0000, small hole cancels, with coupons, mounted attop edge on reverse, extremely fine

£80-100

Registered to acquire 580 claims in Mashonaland andMatabeleland.

boNdS aNd Share CertifiCateS of the WorLd

RHODESIA

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26Roan Antelope Copper Mines Ltd., a group of 3bearer certificates for 1 and 5 shares of 5 shillings each,1936 and £1 5s ordinary stock, 1937, each with largevignette of mine site and workings at top, antelope’shead at bottom, the first brown, others both green, allwith coupons, printed by Waterlow & Sons, very fine(3)

£100-120

Named after the discovery of copper ore by prospector andexplorer William Collier. Collier had shot and killed aRoan Antelope on the banks of the Luanshya River, andits body laid on a rock where a seam of copper ore wasclearly exposed. The company was then formed to minethese deposits.

27Roan Antelope Copper Mines Ltd., a set of 3certificates for 1 and 5 shares of 5 shillings, and £1 5shilling share, 1936 and 1937, large vignette of minesite and workings at top, antelope’s head at bottom,the first brown, others both green, all with coupons,printed by Waterlow & Sons, very fine (3)

£100-120

28Roan Antelope Copper Mines Ltd., a set of 6certificates for 1 share and 5 shares (5) of 5 shillingseach, all 1936-37, large vignette of mine site andworkings at top, antelope’s head at bottom, the firstbrown, others both green, all with coupons, printed byWaterlow & Sons, very fine (6)

£100-120

SIERRA LEONE

29Sherbro Trading Syndicate Ltd., £1 shares, 190[8],no.1, hippopotamus in centre with small vignettes ofsteamship and steam train at either side, ornate border,green and black, pink underprint, gold seal, good veryfine

£80-100

Sherbro Island is off the coast of Sierra Leone and hosteda British Naval post to fight slavery after its abolishmentin the early years of the 19th Century.

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30A collection of South African and Rhodesiancertificates comprising, South African DiamondCorporation Ltd., 1913, signed by BernardOppenheimer; Monastery Diamond Mines & EstateCo. Ltd., 1895; British South Africa Transport &Trading Co. Ltd., 1894; Salisbury Gold Mining Co.Ltd., 1895; Holgatfontein Gold Farm Ltd., 1904;French South African Development Co. Ltd., 1895;South African General Syndicate Ltd., 1893; Simmer& Jack East Ltd., 1909, and others (12), a fewcancelled, many very fine, some better (20)

£150-200

31An interesting group of early South Africancertificates, comprising Kimberley Sheba GoldMining Co. Ltd., 1887; Percy Gold Mining Co. Ltd.,1888, signed by Carl Hanau; Consort Reef GoldMining Co. Ltd., 1888; Republic Gold MiningSyndicate Ltd., 1887; Belfast Gold Mining Co. Ltd.,1887, signed by Percy Fitzpatrick; Victory HillConsolidated Gold Mining Co. Ltd., 1889, andWillows Copper (Argentiferous) Syndicate Ltd., 1889,made out to Mary Struben, generally very fine andbetter (7)

£150-200

32A small collection of South African specimencertificates, all from the Bradbury, Wilkinson & Co.archives, comprising; Natal Permanent Building Loanand Investment Association, £5 share, Durban 186-,red and black; South West Africa Company Ltd.,bearer warrant for 50 shares of £1, London 19—, blueand black; Elands Drift Diamond Estates Ltd., £1share, ornate border, blue and black; East GeduldMines Ltd., warrant to bearer for 25 shares of £1, redand black, and series of certificates for 1, 5, 10 and 25shares, all with ornate border, good very fine and better(8)

£100-120

33A collection of South African Diamond Miningcertificates, comprising; Beaconsfield DiamondMining Co. Ltd., 189[5], printed by Waterlow;Leicester Consolidated Diamond Mines Ltd., 189[8];Ferreira Diamonds Ltd., 19[11] and 19[12]; SouthAfrican Diamond Corporation Ltd., 19[20]; WestEnd Diamonds Ltd., 1929 (2); St. Augustine MineLtd., 189[2]; St. Augustine Diamond Mining Co.Ltd., 189[7]; New St. Augustine Ltd., 189[6]; NewSt. Augustine Diamond Mining Co. Ltd., 19[02];North Eastern Bultfontein Ltd., 18[92] and 18[93] (2examples), and Ottos Kopje Diamond Mines (1903)Ltd., 190[4] (2 examples), fine to very fine (16)

£150-200

x34A good group of South African ‘bearer’certificates, comprising Marie Louise Gold MinesLtd., 1 share and 5 shares of £1, both 189[5], blueand green respectively; French South AfricanDevelopment Co. Ltd., 25 shares of £1, 189[6], blue;French North Rand estates Gold Mining Co. Ltd., 10shares, 189[5], blue; Free State Reefs Ltd., 5, 10 and25 shares of £1, 19[18], blue, 19[15], red and 19[13],green; Central Buffelsdoorn Gold Mines Ltd., £1shares, 189[5], blue; East Rand Amalgamated GoldEstates Ltd., 10 shares of £1, 190[9]; New Rip GoldMining Co. Ltd., 25 shares of £1, 190[3], green andyellow; Orion Belt Ltd., 25 shares of £1, 18[97], andNew Jagersfontein Mining & Exploration Co. Ltd., 1,5, 10 and 20 shares, large format, text in English andFrench, blue with decorative borders, 19[10] -19[13], all with coupons, all fine to very fine and better(15)

£80-100

x35A collection of 35 different gold miningcertificates, many of which are 19th century and therest all dated before 1920, includes BalkisConsolidated Co. Ltd., 188[7]; Barberton Exploring& Development Co. Ltd., 2 types 190[5] and 190[6];Graskop Ltd., 1899; Jumpers Extended Ltd., 189[5];New Goch Gold Mines Ltd., [1899]; Rothery BlockGold Mine Ltd., 189[5], and, Sterkfontein GoldEstates Ltd., [1898], generally about very fine (35)

£150-200

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SOUTH AFRICA

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x36Good Group of Inter-war Mining Certificatesincluding many scarce items, comprising Edwards(Waaikraal) Goldfields Ltd., (2 types) 1928; PalaboraSyndicate Ltd., 1925; Gold Mines of Rustenburg Ltd.,1928; Houtpoort-Burbank Goldfields Ltd., 1934;Johannesburg Gold Mining Corporation Ltd., 1936;Boksburg Gap Gold Mining Areas Ltd., 1926; CentralWest Gold Mining Company. 1927; African ColonialGold Mines Ltd., 1934; Barberton Gold ReserveMining Co., 1932; Nigel Main Reef Extension Ltd.,1934; New Morro-Velho Gold mining Co., 1927;Rietvallei (Lydenburg) Gold Mining Co., 1934; SouthAfrican Mines Ltd., 1926; Witpoort Gold Areas Ltd.,1931; Florence Mines Ltd., 1934; and, South EasternGold Mining Co., 19—, generally very fine or better(17)

£80-100

x37A Group of Interesting 20th Century Gold MiningCompanies, comprising Langebrink Witfontein MainReef Claims Ltd., 1908; Elandslaagte Gold MiningCo., 1905; Balmoral Main Reef Gold Mining Co.,1902; New Brighton Mines Ltd., 1905; NewTransvaal co., 1902; New Rand Ltd., 1907; SouthernKlerksdorp Gold Mines Ltd., 1907; Transvaal BischoffLtd., 1908; Bowers Randfontein Ltd., 1907;Cinderella Consolidated Gold Mines Ltd., 1910;Daspoort Main Reef Ltd., 1904; Phoenix Gold MinesLtd., 1909; Riefontein Ltd., 1911; Rose Mount GoldMining Syndicate Ltd., 1903; Saxon Gold Mines Ltd.,1904; Nellie Reef (Insiza) Development Co., 1902;and, New Fortuna Company Ltd., 1905, very fine andseveral scarcer pieces (17)

£150-200

x38Group of South African Investment Companies,Comprising: South African Mortgage &Investment Co., £50 share 1863, black with vignetteof Cornucopia and country scene, “Irrigation” in titleoverprinted “Mortgage”; South East RandInvestment Co, 1919: New Central InvestmentCorporation Ltd., warrant for 10/- Founders share,1898, black; Trust & Investment Corporation ofSouth Africa Ltd., bearer certificate for 1 share,brown border, large format, text in English andFrench, 1890; Johannesburg ConsolidatedInvestment Company Ltd., share warrant to bearerfor 25 shares of £1, 1933, blue and green large format,and another example but for 5 shares, generally veryfine (6)

£60-80

x39A fine group of English registered miningcompanies from the late 1880’s boom, comprisingCentral Montrose Estate & Gold Mining Co. Ltd.,18[90]; De Kaap Gold Mines Ltd., 18[91]; GoldenSnake & Abbotsford Ltd., 18[89]; Klerksdorp GoldEstates Ltd., 18[91]; Lisbon-Berlyn (Transvaal) GoldFields Ltd., 188[5]; Lisbon-Berlyn Co. Ltd., 18[89]and 189[5]; Victory Hill Consolidated Gold MiningCo. Ltd., 18[89] and Vogelstruis Gold Mining Co.Ltd., 18[89], fine to very fine, a couple rare (9)

£80-100

x40A fine group of locally registered miningcompanies from the late 1880’s boom, comprisingAlpine Gold Mining Co. Ltd., 188[6]; CornucopiaGold Mining Co. Ltd., 188[8]; Du Preez GoldMining & Estate Co. Ltd., 188[9], 2 types; FichardtKopje Syndicate Ltd., 18[89]; Great Britain GoldMining Co. Ltd., 188[9]; Great Scot Gold MiningCo. Ltd., 1889; Gunder Syndicate, 1889 and 189[1];Highland Reef Gold Mining Co. Ltd., [1888]; InlandSea Estate and Gold Mining Syndicate, 188[9];International Gold Mining Co. Ld., 18[89]; KlipRiver Black Reef Syndicate, [1888]; Percy HowardExploring Syndicate Ltd., 189[1]; Phoenix Main ReefProspecting and Developing Syndicate, 188[9]; Sun(Black Reef) Gold Mining Co. Ltd., 188[9], and VanRyn Gold Mining Co. Ltd., 18[90], fine to very fine,several scarce (17)

£150-200

x41Anglo-French Exploration Company Limited, £1shares, London 190[2], attractive piece with vignetteof colonial scenes and South African arms, black onbrown paper, toned overall otherwise about very fine,together with Bechuanaland Exploration CompanyLtd., a group of bearer warrants for 1, 5, and 10shares, London 18[89] - [1932], blue, green and pinkrespectively, text in English and French; UnionCorporation Ltd., a specimen certificate printed byWaterlow & Sons, 19- (circa 1915), blue, and a groupof gold mining certificates dating from the late 1890’sthrough to 1914, better pieces noted are East OrionGold Mines Ltd., 189[5]; Great de Kaap (Moodies)Gold Field Ltd., 1[900]; Klerksdorp Exploration Land& Estate Co. Ltd., 189[901] and Pongola Gold Mines(Founders) Ltd., 191[1], 2 types, fine to very fine, somebetter (30)

£150-200

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42City and Suburban Gold Mining and EstateCompany Ltd., bearer warrant for 25 shares of £4each, London 18[91], elephant at top, ornate border,blue and black, together with; Village Main ReefGold Mining Company Ltd., bearer warrant for £1share, London [1910], ornate border, red and black,and South West Randt Mines Ltd., bearer warrantfor 10 shares of £1 each, London 189[5], lady justicewith shields at top, red and black, all with coupons,some creasing but very fine (3)

£80-100

43Consolidated Oil Fields of South Africa Ltd., £1shares, fully paid, 191[3], no.771, attractive piece withvignettes of port and steamship below title, ornateborder, green and black, together with; Union OilCompany of South Africa Ltd., 5 shilling shares,191[6], no.520, design as previous but black andmaroon; Transvaal Oil Shale Syndicate Ltd., £1 shares,19[20], no.299, black on blue paper, and Union OilTrust Ltd., 5 shilling preferred ordinary shares,192[3], no.211, ornate border, black and red, thelatter with numerous edge tears, but otherwise just lightcreasing and pin holes, very fine (4)

£60-80

x44Diamond Mines: De Beers Consolidated MinesLtd., share warrant to bearer for 1 Preference share,London 19[36], ornate border, green, together withNorth Eastern Bultfontein Ltd., 18[89], black;Consolidated Diamond Mines of South WestAfrica Ltd., share warrant for 25 shares, London19[30], orange; Frank Smith Diamond Estates &Exploration Co. Ltd., share warrant for 10 shares[1901], brown, heavily creased, Elands DriftDiamond Estates Ltd., share warrant for 1 share of£1 [1902], pink and share warrant for 25 shares of £1[1901] soiled with ink stains, green, and AngloAmerican Corporation of South Africa Ltd., optioncertificate for one share of £1, 1918, decorativeborder, grey, fine to very fine (7)

£80-100

45Kimberley Imperial Gold Mining Co. Ltd., £1shares, Kimberley 188[7], no.1168, signed by AlfredBeit and Siegfried Neuman as Directors, ornateborder, blue, Cape of Good Hope revenue stamps onface, increase of capital in 1887 to £74,000 printed inred at left side, good very fine

£60-80

The company owned 60 claims, about 40 miles east ofBarberton where gold mining activity had begun in1884. Alfred Beit (1853-1906), was one of severalfinanciers involved in diamond and gold mining inSouth Africa. Beit held a position on the board of the DeBeers Diamond Company alongside Cecil John Rhodes,the Kimberley mines his main focus where he aided thesuccess of the Kimberley Central Company. Beit alsobecame involved in gold mining in the Transvaal andfound success again, later forming the British SouthAfrica Company.

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x46Land, Estate and Miscellaneous Companies ofSouth Africa, comprising: Cape ColonisationCompany, £1 shares dated 18[96], brown;Zwartland (Transvaal) Land Company, 189[1],blue; Read’s Drift Land Company, 18[89] black;Transvaal Lands Company Ltd., £1 ordinary shares,vignette of Chevalier Forssman top centre, 18[89];United African Lands Ltd., £1 shares, 189[5], red;Tugela Estates Ltd., £1 shares, Pietmaritzburg19[14], blue, and, Kensington Estate Co. Ltd., £1shares, London 19[02], green; Legate’s BuildingsLtd., 5 shilling shares, Durban, blue with affixedrevenue stamps; Herman Patent ConglomerateBuilding Material Land and Investment Co. Ltd.,£1 shares, Johannesburg 189[5], brown with buildingvignette; Johannesburg Brick & Tile CompanyLtd., £1 shares, Johannesburg 188[9], black, andCroydon Brick Company Ltd., £1 shares, CapeTown 19[03] with affixed revenue stamps; PretoriaClub, certificate of life membership issued followingtake up of 10 debentures of £10 each, Pretoria 1893,and Grosvenor Finalists Syndicate, an interestingpair of certificates relating to a share in DuckhamMarine Salvage Syndicate (Pty) Ltd. and the wreck ofthe S.V.Grosvenor which was wrecked off thePondoland coast in 1782, undated but revenue stampshave 1948 handwritten on their face, black, adhesiverevenue stamps, fine to very fine (14)

£80-100

x47Modderfontein East Limited, Mortgage debenturesfor £5 (blue), £10 (green) and £25 (red), unissued butdated 1924, large format pieces with ornate borders,printed by Waterlow & Sons, hole cancelled; a furtherunissued registered debenture dated 1921, brown, andan issued Option Certificate for 100 shares, 1917, red,generally extremely fine (5)

£60-80

48Rand Selection Corporation Ltd., a set of fivespecimen certificates for 1, 5, 10, 25, and 50 shares of5/-, 19- (annotations for 1937), from the Bradbury,Wilkinson & Co. archives, vignette of mine works incentre, ornate border, brown, red, purple, green andblue respectively, together with Geduld ProprietaryMines Ltd., and East Geduld Mines Ltd., furtherspecimen certificates from the Bradbury, Wilkinson &Co. archive, a set of 1, 5, 10 and 25 shares of £1, anda pair for 1 and 25 shares, all 1930’s, all with smallhole cancels, all with coupons, generally extremely fine(11)

£80-100

49Rietkuil Gold Mines Ltd., a specimen certificate for5 shares of £1, from the Bradbury, Wilkinson & Co.archives, 189-, vignette of child in mine shaft at top,ornate border, blue and black with pink underprint,small hole cancels, much ink annotation, together withTransvalia Land Exploration and Mining Co. Ltd., agroup of specimen certificates for 1, 5, 10 and 25shares, also from the Bradbury, Wilkinson & Co.archives, Pretoria 18—, ornate border in black,underprint in brown, green, blue and pinkrespectively, all have small hole cancels, all withcoupons, good very fine (5)

£60-80

x50Interesting collection of Sheba related Material,comprising:Great She Gold Mining Company Ltd.,£1 shares dated 1888, vignete of “The Great She”,black; Kimberley Sheba Gold Mining Co.,Barberton 1887; Great Sheba Gold Mine Ltd., £1bearer share with coupons, trimmed edges, 1889;United Reefs (Sheba) Ltd., shares of 16 shillingseach, 18[99] on pink paper; Sheba Gold MiningCompany, 4 shilling shares, registered London, 1924,pink; United Reefs (Sheba) Ltd., 10 shilling shares,1906, green; Sheba Hill Ltd., 5/- shares dated189[6], black; Sheba Queen Gold and ExplorationLtd., 10/- preference shares 1905, green; ShebaGold Mining Company, £1 shares, 1894; and,Sheba Gold Mining Company Ltd., bearercertificate for 5 x £1 shares, text in English andFrench, London 18[95], generally very fine-good (10)

£80-100

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x51Simmer & Jack East Ltd., £1 shares, local register,189[909], another, London Register, 190[0];together with Simmer Deep Ltd., £1 shares, 19[11],red, First Debenture, £100, 190[7], blue and SecondDebenture, £100, 190[7], red, and Simmer & JackMines Ltd., a group of share certificates, 1920’s and30’s, all with vignette of allegorical female, in Englishand French, most with talons, all different comprising1, 5 (2, different printers), 10, and 25 (2, differentprinters) shares of 2/6d, capital £625,000, 5 and 10shares of 2/6d, capital £750,000 overprinted on£625,000, 25 shares of 2/6d, capital £750,000 and 1and 25 shares of 2/6d, capital £843, 750, most withtalons, generally very fine or thereabouts (17)

£100-120

52Treasury Gold Mines Ltd., Witwatersrand, bearerwarrants for 1 share and 25 shares of £4, London189[-], specimen certificates printed by Blades, East &Blades, ornate borders, allegorical figure in centre, red,blue and black, and orange and black respectively, textin English and French, with coupons, hole cancels insignature area, about extremely fine (2)

£60-80

53Treasury Gold Mines Ltd., Witwatersrand, a seriesof specimen certificates from the Bradbury, Wilkinson& Co. archive, comprising 1 share of £4, and 25 sharesof £4, both 19- (annotations for 1906), £100debentures, 1898 (2, in different colours), allattractive printings with allegorical figures, red,orange, green and red respectively, with coupons, thefirst two with slightly damaged top edge, good very fine(4)

£80-100

x54Union Bank, pair of £5 share certificates, numbered42 and 252 and dated 18[88] and 18[90] respectively,the former overprinted issued without change ofownership, both issued Cape Town, black very fine (2)

£60-80

x55Verdite Mines Limited, pair of one shilling sharecertificates, 191[9] and 191[8], vignette of miningscene, 191[8] issue in green large format, 19[19] issueblack, both issued Johannesburg, together withWillows Copper (Argentiferous) Syndicate Ltd.,certificates for 5 shares of £1, Pretoria 18[89], greenwith revenue stamp and a further 6 certificates relatedto copper mining, including, New King Solomon’sCopper Mines Syndicate Ltd., Johannesburg 190[7],brown; African Copper Development Co. Ltd.,190[7], blue; Cape Copper Co., 2 registered sharecertificates 189[2] and 189[7], and 2 bearer warrantsfor 1 share and 25 shares, 19[07] and 19[19], largeformat with coupons and miner vignette, very fine (9)

£60-80

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56Unified Debt of Egypt, pair of 7% bonds for £20sterling, Cairo 1877, no.247184 and 398574, ornatecolumn style border, green and black, both withcoupons (attached and seperate), together with threemore Egyptian bonds, two are un-issued bonds for£100 and £200, from the King Farouq era, blue andpurple respectively, and the last a 4% bond togetherwith paperwork, all small format, text all in Arabic, un-issued pieces extremely fine, others only fine (5)

£120-150

57Egyptian Government 3¼% National Loan, 1943,bond for E£10, large format piece, all in Arabic onface, ornate border, black and gold, Englishtranslation on reverse, with coupons, very fine and rare

£120-150

58Egyptian Government, Minstry of Finance, Bill ofExchange dated Alexandria January 1864 in the sumof 97,500 piastres, payable in October 1865, largeformat piece with text in Arabic with French andEngish translations, black on blue paper, numerousendorsements on the reverse where the bill has beendiscounted prior to the payment date, passing fromthe original payee, Oppenheim Neven & Co., throughthe Egyptian Commercial & Trading Company to beeventually paid by the Bank of Egypt in Cairo, sometoning on right half, very fine and scarce.

£80-100

59Egyptian Government, unissued Treasury Bill,1871, guaranteed from Railway revenues, large formatpiece with text in Arabic and French, black on bluepaper, with counterfoil attached, good very fine

£60-80

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THE CLAYTON COLLECTION OF EGYPT

Egypt is a fascinating area to collect because it involves almost all European powers at some time or another and over arelatively short period from the building of the Suez Canal in the 1850’s until Nationalisation of many companies in the1950’s. The main powers to have financial interest were Great Britain and France as will be seen from the companiesrepresented here but the Belgians, Italians, Swiss and Germans also formed companies to trade there. The country was,prior to the British occupation in 1882, a province of the Ottoman Empire but they had little control. It remained underBritish governance, as a protectorate from 1914 until the establishment of the Kingdom of Egypt in 1922 although theBritish still controlled much of the financial structure. This gradually led to the revolution of 1952 at the height of anti-British and anti-foreign feeling. President Nasser later nationalised the Suez Canal provoking the Suez Crisis and invasionby British, French and Israeli forces in 1956.

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60Société Civile pour le Recouvrement des 15% desProduits Nets de la Compagnie Universelle duCanal Maritime de Suez, certificate for one fifthshare, Paris 1882, no.049774, attractive panoramicvignette at bottom of shipping, architectural borderswith Sphinx and Phoenix, black with buff underprint,with coupons, very fine and scarce

£300-400

61Société Civile pour le Recouvrement des 15% desProduits Nets de la Compagnie Universelle duCanal Maritime de Suez, certificate for one fifth part,Paris 1882, no.29229, attractive panoramic vignette atbottom of shipping, architectural borders with sphinxand phoenix, black and buff, with coupons, togetherwith Y. Rofé & Co., un-issued bond, Canal de Suez3% 2nd series, ornate border, brown, and CompagnieFinanciere de Suez et de l’Union Parisienne, 7%convertible debenture, 1970, ornate border, green,punch cancelled, very fine, the latter better (3)

£300-400

62Compagnie Universelle du Canal Maritime deSuez, un-issued/blank certificate of deposit, Paris18[—], not numbered, ornate border, black with pinkunderprint, has been re-inforced around edge, goodvery fine

£60-80

63Menzaleh Canal & Navigation Company,certificates for 1 and 25 deferred shares, 1904,numbered 770 and 3122, large format pieces withornate border, red and black, text in English andFrench, with coupons, very fine and about fine withsome discolouration, together with Travauxd’Irrigation du Gouvernement Egyptien, Assouanet Assiout 1898, pair of bonds for £500 each,[1899], with different signatures of the Minister ofTransport, Sphinx in centre, red, hole cancelled, goodvery fine, and Suez Navigation Company, 5 shares ofE£10, 1949, large format, green, text in French andArabic, with coupons, very fine (5)

£80-100

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64Egyptian Government, Railways of Egypt and thePort of Alexandria, 5% preference stock, bond for£20 sterling, 1876, no.261944, ornate architecturalborder, black and grey, text in French and English,with coupons, pin holes top left and light foxing,rough edge where coupons removed, very fine

£120-150

65A collection of Egyptian Railway and Tramwaycertificates comprising Chemin de Fer de la Basse-Egypte, preference shares, 1896, 1903 (2) and 1912(2 examples with different signatures); ‘action deJouissance’, 1904 and ‘action de dividende’, 1896 (2examples with different signatures), these all withancient archway at top, pyramid at bottom; togetherwith three different examples of 250 franc bonds dated1934, printed in different colours and bearingdifferent interest rates, most with coupons; Cheminde Fer Economiques de L’Est Egyptien, 31⁄2%bonds, 1897 (2 examples with different signatures),blue, with coupons; Tramways d’Alexandrie(Egypte), 100 franc preference shares, 1897 (2 -different signatures) and 1899; Cairo ElectricRailways and Heliopolis Oases Company, 1ordinary share and 1 dividend share, 1906, capital15,000,000 francs, 1 ordinary share, 1907, capital30,000,000 francs and 1 ordinary share, 1911 (3examples with a variety of signatures), and, Tramwaysdu Caire, 1 share, 1926 (3) and 1 share, 1927 (6), inmixed condition but many are fine and very fine, a fewscarcer issues (31)

£120-150

66Alexandria & Ramleh Railway Co. Ltd., a pair ofcertificates for 5 and 10 shares of £1 each, both[1927], no.7714 and 9600, very attractive pieces withelectric tram car at top, ornate borders withscrollwork, black and green, and black, blue and pinkrespectively, both with coupons, some rough edgeswhere coupons removed, very fine (2)

£60-80

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67Anglo-Belgian Company of Egypt Ltd., a group ofcertificates comprising a specimen for 1 share of £5,[1906], with facsimile signature of G. de Reuter,another dated [1919], with hand signatures, and aspecimen from the Bradbury, Wilkinson & Co.archive, with annotation for 1919, these all withcapital of £1,000,000 in shares of £5; together with 1share of £2 10s, two examples dated [1926] and[1928], with different secretarial signatures, capitalnow expressed as £1,000,000 in shares of £2 10s, allwith steam train at top, ornate borders, green andblack, text in English and French, with coupons ortalon, generally very fine or better (5)

£100-150

68Egyptian Delta Light Railways Ltd., 1 deferredshare of £10, 19[04], no.D1656, and 1 preferenceshare of £10, 19[01], no.6658, both with capital£854,370, together with certificates for 1 and 5preference shares of £10, 190[8] and 190[6], capital£1,360,000, all with ornate borders, printed byBradbury, Wilkinson & Co., brown, blue, blue and redrespectively, with coupons, also a group of 4%debentures, each for £100, 1897, printed capital£280,000 (2 examples), 1900, capital £854, 370 and190[8], capital £1,360,000, very large format withSphinx within title, blue and red, most with coupon/s,and a group of arrears coupons and a few reproductionphotographs of engines on the line, fine to very fine, acouple quite scarce and an interesting lot (8 + odds)

£100-120

69Fayoum Light Railways Company, founders share,1899, overprinted with new date of 1944 (2examples); together with £20 debenture, Cairo 1899(2 examples), and a share of £4, Cairo 1921, all of thesame design with steam train at bottom architecturalborders and Egyptian motifs, the first 4 are largeformat, the last less than half the size, brown, greenand red respectively, all with coupons, one with cornertear otherwise very fine and better (5)

£80-100

70Alexandria Shipping & Navigation Co., certificatesfor 25 shares and 50 shares of £2 sterling, 1974, verylarge format pieces with ornate border, ship in centre,banknotes at sides, with coupons; together withunissued certificates for 10 shares of US$4 (2examples), late 1970’s, similar design to the formerbut much smaller format, with coupons, very fine toextremely fine (4)

£60-80

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71Egyptian Mail Steamship Co. Ltd., warrant tobearer for 5 deferred shares of £1, London 1907,no.B1349, attractive piece with vignette of steamshipflanked by harbour scenes, red and black, printed byWaterlow & Sons Ltd., with coupons, good very fine

£120-150

British-owned company that provided a fast mail servicebetween Marseilles and Alexandria from 1907 to 1909.The company’s ships RMS Cairo and sister shipHeliopolis were built by the Fairfield Shipbuilding andEngineering Company of Govan, Scotland.

72Express Nile Steamers Co. S.A., a pair of certificatesfor 5 and 10 founders shares without par value, Cairo1906, very attractive pieces with vignette of steam boatunder title, ornate border, green and gold, and greenrespectively, both with coupons, good very fine andvery fine, the second with some toning (2)

£100-120

73Bank of Egypt Ltd., certificate for £25 shares,18[97], no.1350, scrollwork at left with Sphinx andpalm trees, black, together with blank cheque from thebank, Cairo branch, 190[-], certificate has pin holes attop left with some surface dirt, otherwise about very fine(2)

£60-80

74Banks and Credit Companies, comprising BanqueGenerale d’Egypte, founders share, Alexandria 1881,black with pink underprint; Banque Industrielled’Egypte, dividend share, Alexandria 1899, ornateborder, winged wheel and allegorical female at left,orange and black; Soc. de Credit Alexandrin, 10shares, 1939; Credit Foncier d’Orient, ‘partbeneficiare’ Paris 1910 and 5% bond for 1000 francs,Paris 1930, both with allegorical female at bottom, thesecond stained, fine; Credit Franco-Egyptien, foundersshare, Paris 1905, red, all with coupons, and anunissued certificate for 25 nominative shares of E£4,circa 1957, large format, green, generally very fine (7)

£80-100

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75Banque du Caire Ltd., provisional certificate for onedeferred share of 1 shilling, Cairo 190[7], no.0688,ornate border, red and black, slight water damage tobottom right, about very fine and rare

£80-100

76Bourse des Marchandises d’Alexandrie, a pair ofcertificates for series A and series B shares, E£10 each,1942, no.42 and 689, ornate border, red and purplerespectively, both punch cancelled, the first withcoupons, latter with none but hand stamps on face,slight water damage to first, fine to very fine (2)

£80-100

77Cairo Exchange Ltd., provisional certificate for £1ordinary shares, Cairo 1907, no.501, ornate border,black, together with S.A. de L’Immeuble de laBourse du Caire, bearer warrant for 5 shares of E£5,Cairo 1927, lovely border of scrollwork, maroon, withcoupons, stamped PAYE, good fine and good very finerespectively (2)

£60-80

78Commercial Bank of Egypt, one share of E£4,Alexandria 1920, no.1416, architectural border,female walking in oasis with pyramids and sphinxbehind to left, blue and yellow, with coupons,together with Anglo-Egyptian Banking Co. Ltd.,notice of half-yearly general meeting, 1882, andNational Bank of Egypt, certificates for 1 and 5 shares,Cairo 1948, red and brown respectively, also with acheque dated 1916, and transfer documents, the firstextremely fine, remainder very fine (7)

£80-100

79Credit Agricole D’Egypte S.A., a group ofcertificates for 5, 10 and 25 shares (2 examples) of£E4, 193[4], and another for 5 shares, dated 1949,ornate architectural border with hieroglyphs andEgyptian figures, black printing with blue, pink andgreen underprints respectively, all with coupons, allbut the last have text in French and Arabic, good veryfine (5)

£100-150

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80Crédit Hypothécaire Agricole d’Egypte, a specimenbond for E£50, Cairo 1936, from the Bradbury,Wilkinson & Co. archive, oxen with plough at top,ornate border, black and green with peach underprint,text in French and Arabic, red circular Bradbury stampat bottom left, with all coupons, about extremely fine

£80-100

81Egyptian Credit Foncier (Credit FoncierEgyptien), certificates for one £20/500 franc share,Cairo 1880, 1882, 1904, 1905 (2 examples); onetenth founders share, 1905; Lottery bond for 250francs, 1903, 3% Loan, bond for 500 francs, 1905 (3examples), Lottery bonds for 250 francs, 1911(2examples), 31⁄2% Loan, 1937, 500 francs, LotteryLoan, E£10, 1951 (10 examples), and otherdocuments (2), varying design with text in English,French and Arabic on most, some are hole cancelled,the multiple examples bear differing hand signatures,most with coupons, condition varies from fine to veryand better (25)

£100-120

82Gezira Insurance Co., certificate for 25 shares ofE£4, Aleaxandria 1958, ornate border, green and buff,text mainly in Arabic, with coupons, together withAlexandria Life Insurance Company S.A.E., agroup of certificates comprising; 5 shares of E£2 (2),1959, blue, and 5 (2), 20 and 50 (3) shares of E£5, all1950, ornate border, blue, maroon and brownrespectively, text in French and Arabic, all withcoupons, generally very fine and some better, the higherdenomination with rough edges and missing corners,only fine (9)

£80-100

83Land Bank of Egypt, a lovely set of certificatescomprising; 1 share (2) and founders share, April1905, capital £500,000 sterling, blue and greenrespectively; 1, 5 and 25 shares, December 1905,capital £1,000,000 sterling, green, brown and pinkrespectively; 6 specimen examples of the latercertificate for one share, green and blue, filing holes attop, all pieces with vignette at left depicting oxen andcity in background, ornate border of Egyptian themes,also together with a 31⁄2% bond for 500 francs, 1905,bold border, brown, with coupons, specimen pieces areextremely fine, all others have centre fold, some withslight discolouration, about very fine (13)

£100-120

84Land Bank of Egypt, 1 ordinary share, 1905 (2 - 1 ishole cancelled) and [1933], 5 ordinary shares, 1905,and 25 ordinary shares, 1905 (2 examples) and 1905,with capital increased to £1,000,000, stylised borderwith vignette of cattle, city behind, blue and green,brown, and black and pink respectively, text in French,Arabic and English, all with coupons (re-glued atbottom), fine to very fine or thereabouts (7)

£80-100

85Mortgage Company of Egypt Ltd., a specimencertificate for £10 preferred shares, from the Bradbury,Wilkinson & Co. archive, 19[—], numbered 2450,vignette top centre of men with camel and cow,pyramids behind, ornate border, blue and black,printers annotations at top edge, slight discolourationto left edge, otherwise extremely fine

£60-80

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86Société Egyptienne de la Bourse Commerciale deMinet-el-Bassal, certificates for 1 share, and 5 shares(8) of E£5, Alexandria 1923, ornate scrollworkborder, green and red respectively, all with coupons(re-attached at bottom), some punch cancelled, mostwith hand stamps on face, about very fine, the last withholes at top, only fine (9)

£80-100

87Societe Financiere d’Egypte, 500 franc share, 1863,ornate border with Sphinx and obelisk to left, cameland rider to right, green and black, together withComptoir Financier & Commercial d’Egypt, onefounders share, 1906, 1 tenth founders share, 1906,ornate borders brown and green and black and grey,with coupons, and, Soc. Financiere et Industrielled’Egypte, 5 shares, 1937 and one share, 1960, brownand blue respectively, with coupons, the last with edgetears, the first with burn mark at right, fine to very fine(5)

£80-100

88Insurance Policies, a group of policies comprising Al-Chark, 1931, very large format, attractive printingwith text in French and Arabic; Commercial InsuranceCompany of Egypt, marine policy, 1949, revenuestamp top right; L’Union, Compagnie d’Assurancessur la Vie Humaine, 1952, attractive piece, red, text inFrench and Arabic; National Insurance Company ofEgypt, 1956, green, revenue stamp top right;Compagnie d’Assurances Generales sur la Vie “deParis”, 1951, medallion in centre, green, revenuestamp at top right, and, another modern document, allin Arabic, generally very fine (6)

£60-80

89A varied group of Egyptian land companies,comprising Nile Land and Agricultural Company, 5shares of E£5, Alexandria 1904, farming scenes at top,black and blue; Gharbieh Land Company, 1 deferredshare, 190[6], decorative title and vignette of cropgathering, grey-green and peach, and 25 foundersshares, 1944, mauve; Building Lands of Egypt, 5shares of E£4 each, 1906, black; Egyptian Land &Buildings Co., 1, 5 and 25 shares of E£4 each, all1947, green, blue and brown, and Aboukir LandCompany, 5 shares (2) and 25 shares (2), 1961, yellowand green respectively, all with coupons, the first onlyfine, otherwise very fine or thereabouts (11)

£120-150

90Anglo-Egyptian Land Company Ltd., nominativecertificate for ordinary shares of £1, 19[34], no.534,ornate border and title with City of London andEgyptian scenes below, blue, embossed seal at bottom,very fine

£60-80

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91Beltim Land Irrigation Company Ltd., 6%debenture bond for £100, 1881, no.137, printed byWaterlow & Sons, large format piece with ornateborder, text in English and French, black, withcoupons attached, one centre fold, good very fine. Rare

£80-100

92Cairo Agricultural Co., certificate for 5 preferenceshares, 1928, large format piece with Lamassu(guardians of the gate) at left and right, text in Frenchand Arabic, mauve, hole cancelled, together with otheragricultural companies comprising Soc. Agricole etUrbaine “Le Fayoum”, 1 share, 1943 and 25 shares,1944, ornate borders, brown with blue and pinkunderprints respectively, and, Soc. Agricole de Kafr-El-Dawar, 250 franc share and dividend share, both1907, brown, all with coupons, very fine or thereabouts(5)

£80-100

93Cairo Land and Financial Company S.A., certificatefor 25 shares of E£4 each (E£100), Cairo [1936],no.3646, attractive piece with ornate border, blackwith brown underprint, company logo in underprint,with coupons, stamped annule, slight damage eitherside where stapled, otherwise good very fine and scarce

£60-80

The capital consisted of only 20,000 shares and we wouldestimate that no more than 500 certificates were the 25share denomination.

94Cie. Immobilière d’Egypte S.A., a group of 4certificates, 250 franc share (2), 1900 and 1904 withincreased capital, and founders share (2), both 1900,ornate border, black and blue with pink respectively,together with; La Gérance Immobilière, certificates for100 nominative shares of E£4, [1941], this extremelyfine, and 25 bearer shares of E£4, 1942, ornateborders, blue and brown respectively; S.A.Immobilière des Terrains Ghizeh et Rodah, 2 shares ofE£7 each, 1938, purple; L’Immobilia d’Egypte, 5shares of E£4, 1943, and 25 shares of E£4, 1945,green and brown respectively, and S.A. Immobilièredu Domaine de Siouf, 25 shares of E£4, 1929, green,latter with large tear to top, only fine, otherwise all veryfine unless stated (10)

£80-100

95Commercial & Estates Company of Egypt, Late S.Karam & Freres, a pair of certificates for E£100share, and 1 founders share, Alexandria 1904, veryattractive pieces with ornate border including vignettesof town building, timber works and native scene atbottom, black printing on grey and buff respectively,both with coupons (the first only 1), some light foxing,otherwise about extremely fine (2)

£120-150

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96Corporation of Western Egypt Ltd., a pair ofcertificates for 50 and 100 shares of £1 each, fully paid,190[4], no.2171 and 2652, ornate border in blue,both with coupons, pin holes at top left, otherwise veryfine (2)

£60-80

Formed in 1904 to acquire several GovernmentConcessions from the Oases Syndicate Ltd. of land grantsand the building of a railway line. This was subsequentlyre-sold to the Egyptian Government in 1909.

97Société Egyptienne de la Daïra Sanieh, pair ofcertificates for 10 ordinary shares of £5, 1905,no.1256 and 6149, Sphinx and pyramid at top, ornateborder, blue and black, both with coupons, one goodvery fine, the other only fine (2)

£60-80

98Egyptian Constructions Ltd., 25 shares of £1 each,19[01], no.D0222, decorative title, ornate border, redand black with pale green underprint, with coupons,very fine

£60-80

99Egyptian Enterprise and Development Co.,deferred and ordinary share warrants, Cairo 1906,attractive pieces with vignettes of agricultural andirrigation scenes in centre, yellow and blue, text inEnglish and French, with coupons; together with S.A.du Béhéra (Agricultural and Irrigation Company),5 shares of E£5, 1899, oxen and plough at top left,dredging top right, blue, together with moderncertificates for 5, 10 and 25 shares, vignettes in eachcorner, orange, blue and green, with coupons, andEgyptian Improvements Corporation, one share ofE£4, Cairo 1906, ornate border with Egyptian motifs,yellow and blue, with coupons, fine to very fine (7)

£80-100

100Egyptian Land company certificates, comprisingEgyptian Consolidated Lands Ltd., 5 shilling shares,19[19], 5 and 100 shares of 5 shillings each, both192[0], and 500 shares of 5 shillings each, 192[5](this one only fine); North Egypt Land Company Ltd.,10 and 20 shares of £1 each, both 190[5], purple andgreen; Egyptian Land Investment Co., E£5 share,1905, and founders share (2), also 1905, blue andbrown; Anglo-Egyptian Land Allotment Company, 1founders share, 1906, and 1 share and 25 shares (2) ofE£4 each, all 1952, all but first with coupons,generally very fine unless stated, latter pieces slightlybetter (13)

£100-150

101Egyptian Land and General Trust Ltd., bearerwarrants for 25 shares of £1, London 190[5], no.D4and 100 shares of £1, London 190[10], no.F688,large format, attractive pieces with vignette ofcrocodile by river with pyramids in background, greenand red, and brown and blue respectively, both withcoupons, about very fine (2)

£120-150

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102Société Fermiere D’Orman-Abou-Ballah, certificatefor 1000 francs, Paris 1884, no.0503, palm trees incentre, ornate border, black with yellow underprint,with coupons, good very fine

£60-80

103Ghezireh Estates S.A., 100 franc share, 1910,no.0869, ornate border, brown and black with greenunderprint, together with Egyptian Estates Ltd., apair of certificates for 25 and 100 ordinary shares of£1, London 19[05] and 19[06], camels and riders atbottom, Khedive at top left, red and blue respectively,the first good very fine, latter two fine to very fine (3)

£60-80

104Koubbeh Gardens S.A., one share of E£4, Cairo1926, no.6933, ornate border with Egyptian motifs,western style villas flanked by Sphinx at top, green,with talon, numerous handstamps showing repaymentof capital through to 1934, unfortunately with manyedge tears and repairs on the reverse but the body inreasonable state, fair and very rare

£60-80

Formed during the land speculation boom in 1907 thecompany acquired land near the Khedival palace andproceeded to build several villas, as illustrated on thiscertificate. The original capital was increased in theexpectation of good sales but this was halted by WWI.Hoping to save the ailing company the capital wasreduced in 1926 but investors were not impressed and thecompany was liquidated in the same year.

105Land-House Coy (Victor Frank & Co.), a set of 5certificates for 1 and 5 ordinary shares, and 1, 5, and25 preference shares, Cairo 1943, ornate border, largehouse at top, green, dark green, purple, red and brownrespectively, all with some coupons, text in French andArabic, very fine (5)

£100-150

106Sidi Salem Company of Egypt S.A., one share of £4sterling, Alexandria 1909, no.4176, attractive pieceprinted by Waterlow Bros. & Layton, vignette ofsteam traction engines ploughing field, blue and black,with coupons, extremely fine

£60-80

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107S.A. Agricole et Industrielle d’Egypte, a group ofdifferent certificates comprising 500 franc share, 1897,capital 5,000,000 francs, 500 franc share, 1897,capital 12,500,000 francs, new shares, 1907, rare,preference share, 1920, another, probably a printersproof printed in black only, and, 500 franc bonds,1902, 1907 and 1928, mixed condition, some cancelled,fine to very fine (8)

£50-60

108Soc. Agricole et Urbaine “Le Fayoum”, certificatefor E£4, Cairo 1947, no.391, vignette of town andriverside, brown; together with S.A. Egyptienned’Urbanisme “Hadaek al Ahram”, certificates for 10shares and 25 shares (2), Cairo 1947, large format,text in French and Arabic, brown and blue respectivelywith coupons; together with S.A. de Wadi kom-Ombo, certificates for 1 share, 1905 (2), green, 1share, 1910, brown, 5 shares, 1944, brown and 10shares, 1944, blue, all attractive pieces with ancientbuildings at top and left, with coupons, a couple withedge tears but generally very fine (9)

£100-120

109Société Egyptienne d’Entreprises Urbaines &Rurales, set of certificates, 5, 10 (2, one example onlyfine) and 25 shares (2) of £4 each, all 1905, and onelater issue of 25 shares, with increased capital, 1907,ornate border, buildings at bottom, some stamped inred on face with cancellation, all with coupons, mauve,brown and green respectively, very fine unless otherwisestated (6)

£80-100

110Soc. Fonciere & Agricole de la basse Egypte, 100franc share, Paris 1878 and 500 franc bond, Paris1877, 2 examples with different signatures, ornateborders, grey and pink respectively; together withL’Union Fonciere d’Egypte, founders share,Alexandria 1905, green and ordinary share, 1905,brown, 2 examples with different signatures; UnionFrancaise d’Alexandrie (Egypt), certificate for E£1,Alexandria 1921, green, cancelled (3 examples);Comptoir Commercial Economique, certificates for 5and 25 shares of E£5, Alexandria 1945, pink andgreen respectively, with coupons, and, Soc. GénéraleEgyptienne pour l’Agriculture & le Commerce, 1tenth founders share, 1905 (2 examples with differentsignatures), ornate border with Egyptian motifs, blue,with coupons; S.A. des Monts-de-Piété Egyptiens,625 franc share, Paris [1934], blue, and CaisseHypothecaire d’Egypte, 1000 franc bond, Brussels1929, blue and red, with coupons, the first with oldtape repair otherwise generally very fine or thereabouts(15)

£120-150

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111Société Foncière en Commandite par Actions E. E.P. Bramall & Co., nominative certificate for shares ofE£5, Cairo 19[04], no.124, blue/black printing,ornate green underprint, without coupons, about veryfine and rare

£60-80

112Société Fonciere du Domaine de Cheikh Fadl, a setof three certificates for 5, 10 and 25 shares of E£4,Cairo 1938, large format with agricultural scenes andworkers with camel, yellow, grey/mauve and pinkrespectively, all with coupons, perforated cancelled,slight creasing to top corners on all, but good very fine (3)

£60-80

113Societe Fonciere du Domaine de Cheikh Fadl, oneshare of E£4, 1938 together with 5 and 10 shares ofE£4 dated 1945, all attractive pieces with agriculturalscenes at top and at left, green, yellow and buffrespectively, all with coupons, with some overprints,the second perforated ANNULLATO, very fine andbetter (3)

£60-80

114United Egyptian Lands Ltd., 50 shares of £1 each,19[07], no.K9930, and 1 deferred share of 1 shilling,190[9], no.A2355, both with lovely vignette of streetand riverside scene at top, ornate border, purple andblue with buff underprint, and green with light greenunderprint respectively, with coupons, very fine (2)

£80-100

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115Upper Egypt Irrigation Company, a group of 5certificates for 2 shares of E£50, Cairo 1910, largeformat piece with vignette of water works andirrigation ditches in fields, camels etc., blue andbrown, single centre fold, otherwise extremely fine (5)

£150-200

116Wardan Estate Company S.A., warrant to bearer for10 ordinary shares of £5, Cairo 190[8], no.6715, largeformat, oxen with plough under title, ornate borderwith agricultural scenes at left, red, with coupons,printed by Waterlow Bros. & Layton, very fine

£60-80

117An interesting group of Egyptian Hotels (11),comprising; Shepheard’s & Egyptian HotelsCompany, 5 shares of E£1 each, 1959, green; Sociétédes Excelsior Hotels, 10 founders shares, 1906, blackon yellow paper; Upper Egypt Hotels Company S.A.,10 shares of E£4 each, 1922, brown and blue;Egyptian Hotels Ltd., 3 certificates for 5% cumulativepreference shares, 189[-], one un-issued, all cancelled,red; Misr Iran Hotels Co., 1000 shares, 1980; GeorgeNungovich Egyptian Hotels Co., £20 bond, 1899,and Les Grands Hotels d’Egypte, 1 share (3) and 5shares of E£4, 1955, generally very fine, some a littlebetter (12)

£120-150

118George Nungovich Egyptian Hotels Co., a pair ofcertificates for 1 share of £4, both un-issued, one withfalse addition of no.133, Cairo 1899, and also falsesignatures, ornate architectural border, blue and black,text in English and French, un-issued piece with allcoupons, the other with none, both good very fine (2)

£40-50

119Heliopolis Palace Hotel de Caire, dividend share,1909, no.3181, large vignette of the hotel at top,green and black, with coupons, very fine

£60-80

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120Ritz Hotels (Egypt) Ltd., 10 preferred ordinaryshares of £1, Alexandria 190[8], no.3590, very ornateborder, black and green, printed by Waterlow Bros. &Layton, with all coupons, slight toning, very fine andrare

£100-120

121A miscellaneous group of Egyptian certificatescomprising Soc. Cooperative de Consommation desFonctionnaires du Gouvernement, one share, 1910,attractive border, brown, piece missing from top edge;Soc. de Bienfaisance Musulmane al Moassatd’Alexandrie, lottery bond, 1910, building at top,ornate border, small format, green, small piece missingfrom tip of bottom right corner, has been mounted; LesIllustrés d’Egypte, one share of E£4, 1928, green andbrown; Compagnie Frigorifique d’Egypte, one shareof E£4, Cairo 1954, pyramid and palm trees at top,green and black; Soc. Egyptienne des EmballagesEconomiques, 1 25th founders share, 1951, brown;Stationery Industries, 5 and 25 shares of E£4,Alexandria 1956, brown and blue respectively, top edgetrimmed on the first; Soc. de Nouveautés Benzion, 1,5 and 10 shares of E£4, Cairo 1951, ornate borders,yellow, red and green respectively, the last with largetear at centre fold, and other certificates (8), all post1949, some unissued, generally very fine (18)

£80-100

122Albert Eid & Co., Societe en Commandite parActions pour l’Exploitation des Taxi-Automobiles,un-issued share to bearer for E£10, Cairo 1924, notsigned or numbered, lovely ornate border, black withorange underprint, with counterfoil and coupons,about extremely fine and rare

£60-80

123Alexandria Pressing Company SAE, certificate for 2shares of E£1, Alexandria 1957, no.20377-78, largeformat, architectural border with inset vignettes ofsphinx at top, company buildings and machinery atbottom, red, with coupons, water damage to top rightcorner, very fine

£50-60124Société des Anciens Etablissements Hovaghimian,25 shares of E£20 each, Cairo 1930, no.00363 ornateborder, blue and green, with coupons, text all inFrench, tears at top and right edge, very fine and scarceissue

£60-80Only 5000 shares issued and therefore even if all were for25 shares a maximum of 200 issued.

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125S.A. Bières Bomonti & Pyramides, bond for E£100,Alexandria 1937, no.256, ornate border, blue, text allin French, with coupons, together with Société deBière “Les Pyramides”, certificates for 1 (2), 5 (2)and 25 shares of E£2 each, 1956, ornate border, textin Arabic and French, black, brown and greenrespectively, all with coupons, good very finethroughout (6)

£60-80

127Boulangerie Mécanique Hygiénique d’Egypte, 100franc share, Alexandria 1899, no.4577, lovely piecewith ornate border depicting stages of wheat and flourproduction, black and buff, together with more foodrelated companies comprising; Food Products SAE., 1share and 25 shares of E£4, 1946 and [1945], maroonand orange-brown respectively; Minia Food SecurityCo., 1 share of E£4, 198[6], green and black, andIsmailia Fish-Duck Farming Co (IFDCO), 500 sharesof E£4 (E£2000), 198[4], border of fish and ducks,purple, silver and blue, first and last good very fine, therest very fine (5)

£60-80

128Brasserie Francaise d’Egypte S.A., 500 franc share,Paris 1881, no.2833, ornate scrollwork border, blackwith turquoise underprint, with coupons, adhesiverevenue stamp at left, almost extremely fine

£60-80

129Société du Cercle Mohammed-Aly, one share of £5sterling, Alexandria 188[5], no.275, attractive piecewith ornate border incorporating vignettes of largebuilding and statue to left and right, green and black,rough edges at top and bottom, staining on all sides, fine

£100-120

130Société Égyptienne de Ciment Portland Tourah-Le-Caire (Cairo), a group of certificates for 1 share(2) and 10 shares (2), June 1927, capital E£1,130,000and 1 share (6), 1957, capital £E2,118,748, Templeof Dendur style entrance and pediment,multicoloured, all with coupons, all stamp cancelledon face, all extremely fine or close (10)

£150-200

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131Société Civile du Club Mohamed Aly, onepreference share for E£200, Cairo 1908, no.20,vignettes within border of sphinx, pyramids andbuilding on beach, arms at top, black and brown, slighttears at top and right along folds, very fine

£120-150

Only 70 issued.

132Cotton Export Coy. of Egypt, a trio of certificatesfor 1, 10 and 100 shares of E£10, Alexandria 1919and 1920, nos. 43, 486 and 357, ornate border,green, red and blue respectively, all with coupons, goodvery fine (3)

£60-80

133Delta Trading Company S.A., a large group ofcertificates for 1 share (5), 5 shares (5), 10 shares (4)and 25 shares (18), Cairo 1946, and Alexandria 1938and 1944 (varies with denomination), ornate borderwith scrollwork, green, blue, red and brownrespectively, all with coupons re-attached at bottom,many with hand stamps on face, generally very fine(32)

£120-150

134Soc. Anonyme des Eaux du Caire, pair of certificatesfor 1 and 5 dividend shares, Cairo 1905, very attractivepieces with architectural borders, black with yellowand green underprints respectively, with coupons,both rare; together with Artesian Boring andProspecting Company, provisional certificate, Cairo1907, green and black; Alexandria Water Company,1958 and Soc. Egyptienne d’Entreprises Pour lesProjets D’Adduction d’Eau, 1957, the first two withsome edge tears and damage at top edges, fine (5)

£200-250

135Egyptian Commercial and Trading Co. Ltd., £20shares, 1865, scrollwork with sphinx in centre at left,black, together with other English companiesoperating in Egypt comprising Cairo Syndicate Ltd.,ordinary shares of £1, 190[6], blue; EgyptianAgricultural Co. Ltd., certificates for 50 and 100shares of 2 shillings each, 19[35], blue and greenrespectively; Anglo-Egyptian Oilfields Ltd., 25 sharesof £1 each (2), 19[35], capital £1,808,000 and19[54], capital £3,777,000, blue and black, andHelouan (Egypt) Development Co. Ltd., 5 shares of£1, 190[7], brown and green, last piece stained, fine,otherwise very fine (8)

£80-100

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136Egyptian Fibre Syndicate, 1 share of E£4, Alexandria1920, sisal grass at left, antelope at right, brown andblack, with coupons, some foxing especially at upper left,very fine; together with Soc. Belge-Egyptienne del’Ezbékieh, 500 franc bond, Brussels 1905, attractivepiece with foliage at sides, pyramids and Sphinx atbottom, mauve and yellow, and a 500 franc bond,1909, brown and black, both with coupons, cancelledand a later issue dated 1944; The Fadlab Estate. Grieve& Company, warrant for 10 shares of E£4, 191[1],green and black, with coupons; Les Illustrés d’Egypte,one share of E£4, Cairo 192[8], ornate border, brownwith green underprint; S.A. Egyptienne Carba, oneshare of E£4, Alexandria 1949, brown; Soc. des UsinesChourbagui Pour la Filature, Le Tissage et le Tricot, 5shares, Cairo 1958, very colourful piece with factory atbottom, with coupons, and, Soc. Selim et SamaanSednaoui, 25 shares of E£10, 1959, large format, redand black, with coupons, generally very fine (9)

£60-80

137Egyptian Markets Ltd., 25 shares of £1, [1899],no.10835, ornate border, brown, and an un-issueddebenture for £100, 1906, brown, together withCommercial Markets Company S.A.E., two certificatesfor 5 shares of E£4, 1952, one un-issued, green andblack, and Egyptian Markets Company S.A.E., set ofcertificates for 1, 5 (2), 25, 50 (3) and 100 shares (2),two separate issues, 1988 and 1994, all with coupons,generally very fine, latter items better (13)

£80-100

138Egyptian Motoring and Road Transport, a smallcollection comprising S.A. des Grands Garagesd’Egypte, 1 founders share and 5 ordinary shares ofE£4, 1906, both with large underprint of motor car,ornate borders; Egyptian General OmnibusCompany, founders share and ordinary share of E£4,1933, ornate borders; Eastern Automobiles Suppliesand Transport Company, unissued certificate for 5shares of E£4, 1949, blue, text in Arabic and English,and, Transport & Engineering Company, 5 shares,1951, capital E£450,000, 1 share and 5 shares (2),1952, capital E£675,000 and 10 shares, 1954 (3),capital E£1,500,000, all large format, most withcoupons, generally very fine (12)

£80-100

139Egyptian Options Ltd., 1/- founders shares, 190[5],no.15, attractive piece with vignette of camel and riderwith pyramids in background, black with pinkunderprint, annotation at top, very fine and scarce

£60-80

140Egyptian Road Construction Company S.A., a pairof certificates for 10 shares of E£4 each, Alexandria1930, capital 16,000 shares amd 5 shares of E£4 each,Alexandria 1947, capital now 20,000 shares, veryattractive pieces with vignettes of steam rollers onroad, and workforce laying road surface, underprintvignettes of street scene and camels, ornate border,black printing with green and blue underprintsrespectively, both with coupons, good very fine, but afew small edge tears on the second (2)

£100-150

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141Egyptian Swiss Iron Works, 25 shares of £4, Cairo1906, no.1090, ornate border, purple, good very fineand scarce

£50-60

142Soc. Générale d’Electricite et de Mécanique,founders share, Alexandria 190[7], vignettes ofelectric tram, street lights and motors, green, withcoupons; together with other companies in the Gasand Electricity industry comprising Soc. Egyptiennede Gaz Comprimés 100 franc share, 1921; Soc.Egyptienne d’Eclairage Chauffage & Force Motrice,certificates for 1 and 5 shares of E£20, undated butcirca 1950; Soc. Egyptienne de Gaz Liquéfiés(Mohamed Chaftar & Co.), 5 and 25 shares of E£4,Cairo 1954 and 1 share and 25 shares of E£4, 1956,different design to the former; Soc. Egyptienned’Electricité, one share of E£4, 1952; Soc. Centraled’Electricité, 5 shares of E£4, 1956, and, ElectroCable Egypte, unissued certificate for 5 shares of E£4,1958, the last with edge tear and trimmed border to left,the remainder mostly very fine (11)

£120-150

143Electricity and Ice Supply Company, a series ofcertificates comprising one share, and five shares (4examples), 1907, one share, and five shares, 1929, oneshare, 1939, 5 shares, 1944, 5 shares, 1948 and oneshare, 1952 (3 examples), all of similar design ofelectric poles and wires at sides, vignettes of elctricmotors at top and bottom, the ‘one share’ certificatesare brown and the ‘five share’ certificates are blue,mixed condition but many very fine (13)

£100-120

144Etablissements Industriels et Commerciaux L.Bonello & Co., one bearer share for E£10, Alexandria1945, no.1097, decorative border, blue, text inFrench and Arabic, with coupons, very fine

£40-50

145Société pour l’Exploitation des Mines de Plomb etZinc d’Egypte Verrier & Co., certificates for 1 shareof £5 sterling, category A and B, both 1929, ornateborder, black and yellow; together with EgyptianMining and Prospecting Co., 25 shares of E£4,[1946], brown, and Ras Mallap Mining Co.,provisional certificate for E£4 shares, no date (circa1950), ship being loaded at top, grey, all with smalledge tears and creasing, fine to very fine (4)

£60-80

146Exploitation du Casino de Ghesireh au Caire,certificate for 1/500th “Part beneficiare”, Cairo 1895,no.038, ornate border, blue with turquoiseunderprint, with all coupons, good very fine and rare

£80-100

A Swiss Corporation with head office in Lausanne.

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147Soc. des Gds Magasins du Progres le Caire, 100franc share, Paris 1907, very attractive design ofPharoahs head at bottom, winged serpent at top, blueand yellow, with coupons; together with GrandMagasins Hannaux, founders share, Paris 19[14],ornate border with allegorical figures and Egyptianscenes, brown, with coupons, and, Grand MagasinsChemla S.A.E., 25 shares of E£4, Cairo 1946 (6examples with some signature variety), large format,blue, with coupons, very fine to extremely fine (8)

£80-100

148General Warehouses of Egypt, pair of certificates for1 share and 25 shares of E£4, Alexandria [1947],no.444 and no.48226-250, warehouse building atbottom, ornate border, blue and red respectively, withcoupons, the second with what appears to be filing holesat bottom, very fine (2)

£60-80

149H de Vries & Boutigny Ltd., bearer warrant for 25ordinary shares of £1, 190[8], no.08191, allegoricalfemale with goods and building behind, pyramids toright, ornate border, brown and black, printed byWaterlow Bros. & Layton, one centre fold, good veryfine

£60-80

150Imprimerie Misr, a group of certificates comprising 1share of E£5, one unissued, another, [1926], withcoupons 1 to 25, no.208 and another, also [1926] butwith coupons to number 50, number in Arabic 06388,20 shares, [1926], no.1241 to 1260, and a certificatefor 5 bonds of E£10, 1924, all with similar design withvignettes of early screw press and a modern mechanicalpress, ornate borders, blue and brown printing, thelast cancelled, some edge tears, the 3rd fine, theremainder very fine (5)

£100-150

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151Soc. Egyptienne Pour Les Industries Chimiques(KIMA), a group of certificates for 1 share (4), 5shares (2), 10 shares (7) and 25 shares (14), all dated1959, large format pieces with text in Arabic andFrench, underprint vignette of chemical factory,brown, mauve, green and blue respectively, withcoupons, a few hand signature varieties, generally veryfine to extremely fine (27)

£80-100

152Jardins & Vignobles d’Egypte, set of threecertificates for 1, 5 and 25 shares of E£4 each,Alexandria 1947, lovely bold pieces with border offruits, turquoise, deep blue and red respectively, allwith coupons (re-glued at bottom), small edge tears,the latter with damage to top right, otherwise very fine(3)

£60-80

153Jardins & Vignobles d’Egypte, certificates for 1share (2) and 5 shares (10) of E£4 each, Alexandria1947, lovely bold pieces with border of fruits,turquoise and deep blue respectively, all with coupons(re-glued at bottom), all with tear on centre fold at topedge, otherwise clean and neat, fine to very fine (12)

£100-120

154Kafr-El-Zayat Cotton Co. Ltd., one share of E£5,Alexandria 1939, no.08351, decorative piece withborder of columns with female figures, Sphinx andvases, factory at bottom and inset each side, blue andgreen, with coupons, about extremely fine

£80-100

155Koldair Refrigeration and Air Conditioning Co. ofEgypt, set of certificates for one, five (2), ten (2) andtwenty five shares (4) of E£4 each, 1947 and 1949,and 2 of the larger denomination dated 1955 and1958, bold title, ornate border, olive green, turquoise,blue and maroon respectively, all with coupons, allgood very fine (9)

£60-80

156Societe Egyptienne du Lait, a pair of certificates for1 and 10 shares of E£4, Cairo 1931, no.33 andno.351-360, bold ornate border, green/blue andbrown/yellow respectively, both with coupons, bothabout extremely fine (2)

£60-80

157Manure Company of Egypt S.A., 5 ordinary sharesof E£5, Cairo 1913, no.7856-7860, panoramicvignette of the works, black with orange-brownunderprint, text in English and French, with talon,very fine

£60-80

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158Marconi Radio Telegraph Company of Egypt SAE,pair of certificates for 5 and 10 shares of E£4, 1926,no.824 and 2498, large format, ornate border, greenand blue respectively, text all in English, with coupons,the second with minor foxing at top edge and small tears,otherwise good very fine (2)

£80-100

159Companies in the metal industry, comprisingNational Metal Industries, 1 and 5 shares of E£1,Cairo 1959, text in French and Arabic, brown andgreen; General Engineering Co., 5 shares (2) and 25shares (2), Cairo 1960, very large format, green andred, and Societe de Metallurgie Egyptienne, 25 sharesof E£4, Cairo 1950 (6 examples), green, all withcoupons, very fine or thereabouts (12)

£80-100

160A group of English mining companies operating inEgypt, comprising Egyptian Minerals CorporationLtd., £1 shares, 18[90], no.338, ornate title withSphinx and pyramid below, blue; Egyptian (Assiout)Explorers Ltd., 5/- shares, 190[6], no.40, green;Barramia Mining and Exploration Ltd., ordinaryshares of £1, 191[7] and preference shares of 2/6d,19[09]; Egyptian Mines Exploration Co. Ltd., £1shares, 19[06], red, and, Star Development MinesLtd., 4/- shares, 192[0], the 1st and 5th fine, the restvery fine (6)

£100-120

161National Metal Industries, S.A.E., a group of 3certificates for 1 share, 1958, 5 shares, 1957 and 25shares, 1957, all of E£4 each, extremely large formatpiece with huge full-colour vignette of metal smeltingin centre, mauve, red and green respectively, text inFrench and Arabic, all with coupons, hole cancelled, allvery fine (3)

£80-100

162A group of Egyptian Pharmaceutical and Chemicalcompanies, comprising; S.A. des Drogueriesd’Egypte, E£4 share, Cairo 1944, ornate border,green; Compagnie Générale Egyptienne des Pétroles“COGEP”, 5 shares of E£5, Alexandria 1940,decorative title and border, blue and green; MemphisChemical Co., 10 shares, 1959, blue and orange; AbuZaabal and Kafr El Zayat Fertilizer and Chemical Co(AKFAC), E£2 share, 1958, red, and 25 shares, 1958,green, and Hinshelwood Paint & Oil Co. of Egypt, 5shares of E£4, 1958, blue, the latter with large tear tobottom edge, otherwise about very fine (6)

£60-80

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163Platrieres de Ballah, one share of E£4, Cairo 1909,attractive piece with Sphinx, scarabs and bird, blue andyellow, with coupons; together with S.A.Egyptienned’Entreprises et de Travaux Publics, founders share,Cairo 1881, black with pink underprint, with coupons;Soc. Egyptienne d’Ameublement Kriéger, one share ofE£10, Cairo 1923, 2 examples with slight printingvarieties in the signature and the printers imprint,yellow and black, with coupons; Egyptian PerlaMarble Co., 5 shares of E£5, Cairo 1931, brown andblack with coupons; Modern Building S.A.E., aspecimen certificate for 10 shares of E£5, Alexandria1945, brown, red overprint SPECIMEN in red, withcoupons, and, Soc. Egyptienne de ConstructionsModernes “Al Chams”, certificates for one share ofE£10 (2 examples) and 5 shares of E£10, Cairo 1946,very large format, green and mauve respectively, withcoupons, cancelled, generally very fine to extremely fine(9)

£80-100

164Soc. Générale de Pressage et de Dépôts, a pair ofcertificates for 1 and 5 shares of £E2, Alexandria 1957,very large format with lovely borders with pyramids,steam train, ships at dockside, warehouses andfactories, yellow and black and blue and black, withcoupons, text in French and Arabic, stampedCANCELLED, good very fine (2)

£60-80

165Rosetta & Alexandria Rice Mills Company SAE,10 shares of E£4, Alexandria 1938, no.5421-30, ricefields with pyramids and sphinx in background at top,mill buildings at bottom, ornate border, brown, withcoupons, slight stain at top right corner, otherwise goodvery fine

£50-60

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166A group of Egyptian Salt companies, comprisingMarsa Matrouh Salt & Potash Co., 1 share of E£4,[1947], large map across bottom edge showing saltlakes, red and blue mainly; Port Said Salt AssociationLtd., 25 shares of 10 shillings, 19[20], brown;Egyptian Salt & Soda Co., 1 share and 10 shares,both 1957, brown and green respectively; NationalSalt & Mining Co., 10 shares of E£4, 1949, red, andSociété Egyptienne pour l’Exploitation des Salinesde Port-Said, 1 share of E£4, 1953, green, all withcoupons, all very fine apart from second piece which isonly fine (6)

£80-100

167Sednaoui Zariffa Nahas & Co. Ltd., warrant tobearer for 10 deferred shares of 1/-, 190[7], no.0098,printed by Bradbury, Wilkinson & Co., vignette ofpalm trees and pyramid, text in English and French,red and black, with coupons, light creasing, very fineand scarce.

£80-100

Approximately 300 issued

168Studios Al Ahram S.A.E., 5 shares of E£4, Cairo1946, no.2551-2555, large format piece with text inFrench and Arabic, vignette of the large film studios atbottom, Sphinx in underprint, green and black, withcoupons, good very fine

£60-80

169Société des Sucreries et de Distillerie d’Egypte, aset of four certificates for 5, 10 and 25 shares (2) ofE£4, Cairo 1956, vignette of refinery building at top,ornate border, blue, mauve and green respectively, allwith coupons, the first punch cancelled, very fine if notbetter (4)

£60-80

170Société Générale des Sucreries et de la Raffineried’Égypte, certificates for 100 franc ordinary share,and 100 franc preference share, both 1906, bond for400 francs, also 1906, and founders share, 1897, allwith coupons, blue, green, red and yellow and redrespectively, together with Sucrerie et Raffinerie del’Afrique Centrale Sucraf, one share, 1944, brown,grey and black (this one extremely fine), and Sociétédes Sucreries et de Distillerie d’Egypte, E£4 share,1956, maroon and black, both with coupons, no visibledamage but some rough edges, about very fine unlessstated (6)

£80-100

171Suez Oil Company Ltd., £1 shares, 19[13], no.384,capital amended from £120,000 to £180,000, ornateborder, blue, together with Suez Oil Company(1915) Ltd., 10 shilling shares, 19[16], no.615,ornate border, green, both very fine and scarce (2)

£60-80

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172Société des Terres Rares d’Egypte, certificate for 5founders shares, Alexandria 19[36], no.2426-2430,blue and green, with coupons, together with E£4shares (2), [1931], ornate border, blue-black, allstamped annule, good very fine (3)

£60-80

173A collection of Egyptian textile companies,comprising; Associated Cotton Ginners of Egypt Ltd.,100 shares of £1, 19[06], green; CompagnieCotonnière d’Égypte S.A., 5 shares of 100 francs, Paris1913, blue and pink; Egyptian Cotton Mills Ltd., 5shares of £1, 1900; Peerless Hosiery Azar Farhi & Co.,25 shares, 1945; Egyptian Cotton Ginners &Exporters, 1 share of E£5 (2 examples), 1937; S.A.Tissage et Tricotage, 1 share of E£4 (2 examples),1935; Cotton Spinning, Weaving & Dyeing Co.“Karnak”, 1951; “Watco” Worsted & Textile Co.,[1953]; Societe Arabe Unie pour Usines Textiles alKahira, 1961; Manufacture de Textiles Egyptiens“Matexa”, 1946; Industrie Fibres Textiles S.A.E.,1948, and Société Industrielle Spahi de Filés &Textiles S.A.E., 1958, most with coupons, range ofconditions, a couple fine to very fine, majority good veryfine (13)

£100-150

174Société Nationale de Transport et de Tourisme“Karnak”, 1 share (2) and 5 shares of E£4 each, Cairo1946, vignette of entrance to Karnak Temple incentre, ornate borders, red with grey underprint andblack with pink underprint respectively, all on bluepaper, with coupons, good very fine to extremely fine (3)

£100-150

175United Drug Stores of Egypt, N. Gannage & Fils& The New British Drug Co., un-issued certificatefor 25 shares of E£4, Cairo 1926, numbered D00534but not signed and dated, lovely ornate border withflag at top and snake at bottom, blue and pink, withcoupons, very fine and rare

£60-80

176Soc. Viticole et Vinicole d’Egypte, 25 shares of E£4,Cairo 1938, very pretty piece with vignettes at top andleft of wine making from picking grapes, treading andcrushing to storage jars, mauve, with coupons;together with other certificates related to the drinksindustry comprising Crown Brewery of Cairo,dividend share, 1899, and 100 franc shares, 1920 (2)and 1925, all with crown at top, blue; Les AubergesD’Egypte, 5 shares of E£4, Cairo 1947, large format,green, text in Arabic and French, and, EgyptianBottling Company “EBOT”, 5 shares of E£4,Alexandria 1954, very large format, text in Arabic andFrench, orange, hole cancelled, generally very fine andbetter (7)

£60-80

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177Walker and Meimarachi Ltd., warrant to bearer for5 ordinary shares of £1, London 1[906], no.2805lovely piece with vignettes of sphinx, pyramids, camelsand steam train, ornate border, blue and black, withcoupons, good very fine

£60-80

Registered in 1897, department stores in Egypt withhead office in Cairo. An amalgamation of Walker &Co., and C G Meimarachi & Co.

178Youssef & Ahmed El-Gammal, one share of E£10,Alexandria 1924, allegorical females at bottom, ornateborder, brown and black, with coupons; together withH. de Vries & Boutigny Ltd., provisional certificatefor 10 ordinary shares of £1, Cairo 1907, black onyellow paper; S.A. Egyptienne des AnciensEtablissements Hovaghimian, certificates for 1 bondand 25 bonds of E£12, [1938], green and bluerespectively, perforated cancelled; Soc. Commercialed’Egypte, 25 shares, 1958, ornate multicolouredborder, with coupons, repaired tear, and, ConstantinB. Thomaides & Co., one share, Alexandria [1960],ornate border, blue, with coupons, generally very fineunless stated (6)

£60-80

EGYPT, OTTOMAN EMPIRE &MIDDLE EAST

Egypt

Other Properties

179Egypt, 1870, 7% Mortgage Loan of His HighnessIsmael-Pasha, a specimen bond for £20/500 francs, apartial proof, hand altered with instructions to theprinters and the centre part removed, text in Englishand French, black, alterations in both English andFrench, fine and rare

£60-80

180A group of 4 specimen certificates from theBradbury, Wilkinson & Co. archives, comprisingAnglo-Belgian Company of Egypt Ltd., 1926; CairoElectric Railway and Heliopolis Oases Company, 1share, 1906; Egyptian Delta Light Railways Ltd., £10preference share, 1911, and, Egyptian Markets Ltd.,50 shares of £1, circa 1945, all attractively printed andcolourful, extremely fine (4)

£80-100

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181Agricultural Bank of Egypt, 31⁄2% GuaranteedBonds, a pair of specimen bonds for £20 and £100from the Bradbury, Wilkinson & Co. archive, May1907 issue, large format, ornate borders, blue andgreen respectively, with coupons, printers annotationat top, small hole cancels, about extremely fine (2)

£80-100

182Agricultural Bank of Egypt, 31⁄2% GuaranteedBonds, a pair of specimen bonds for £20 and £100from the Bradbury, Wilkinson & Co. archive, October1907 issue, large format, ornate borders, blue andgreen respectively, with coupons, printers annotationat top, small hole cancels, about extremely fine (2)

£80-100

183Agricultural Bank of Egypt, 31⁄2% GuaranteedBonds, a pair of specimen bonds for £20 and £100from the Bradbury, Wilkinson & Co. archive, October1908 issue, large format, ornate borders, blue andgreen respectively, with coupons, printers annotationat top, small hole cancels, about extremely fine (2)

£80-100

184Alexandria Pressing Company, one share of E£1,1925, no.11128, bold architectural border withsphinx, green, together with Rosetta & AlexandriaRice Mills Co., 10 shares of E£4, 1938, no.5541-50,ornate border with pyramids at top and mill buildingson riverside at bottom, brown, both with coupons,both good very fine (2)

£60-80

185Cairo Agricultural Company SAE, a group of 7certificates for 5 preference shares of E£4, 1928, verylarge format piece with attractive border incorporatingstylised palm trees & Lamassu (winged bull-man)either side, mauve, buff underprint vignette of oxen,with coupons, hole cancelled in signature area, aboutextremely fine (7)

£120-150

186Egyptian Estates Ltd., a set of 5 certificates for 5, 10,25, 50 and 100 ordinary shares of £1, 19[05] or19[06], camels and riders at bottom, Khedive at topleft, green, orange, red, brown and blue respectively,with coupons, fine to very fine (5)

£120-150

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187Grand Magasins Chemla S.A.E., a group ofcertificates for 25 shares of E£4, Cairo 1946, largeformat, blue, together with Egyptian VehicleCompany “EVCO” S.A.E., a group of certificates for10 shares of E£4, 1953, green, all large format, withcoupons, the last with paper residue and somethinning at top edge, fine to very fine (16)

£80-100

188Land Bank of Egypt, a pair of specimen certificatesfor 25 ordinary shares of £5 and 1 ordinary share of£5, Alexandria 1905, vignette of oxen with city inbackground, ornate border of Egyptian themes, pinkand blue respectively, printed by Imprimerie Chaix,both have small hole cancels over number boxes andsignature areas and on each coupon, small filing hole attop left, dirty/discoloured down centre fold, very fine butwith some edge splits, the first rare (2)

£60-80

Although not marked as specimens, these were foundamongst the files of Bradbury, Wilkinson & Co. and inour opinion were kept for archive purposes. The 1 sharepiece is fairly common, but the 25 share is very rare.

189Nile Valley Block E Ltd., certificate for £1 shares,fully paid, 190[5], no.950, capital overprinted£50,000, decorative title with scrollwork behind, blackprinting, very fine

£50-60

Mined gold over 25 acres in the Um Garaiat region,and held rights to 30,000 square miles in the Sudan forcoal mining.

190Sednaoui Zariffa Nahas & Co. Ltd., a group of 3specimen certificates from the Bradbury, Wilkinson &Co. archive, bearer warrants for 5, 10 and 50 deferredshares of 1/-, 190[-], vignette of palm trees andpyramid, text in English and French, brown and blackand green and black respectively, with coupons, allhave printers annotations, good very fine to extremelyfine (3)

£120-150

IRAQ

191Iraq Government Loan of 1944, a specimen 2%bond for 10 dinars, from the Bradbury, Wilkinson &Co. archive, ornate border, arms at top, green, withcoupons, together with other more modern MiddleEastern specimen certificates including; a Hydro-Electric Company, and Central Bank of Jordan, allgood very fine or better (8)

£100-150

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192Iraq Government, 3% Loan of 1947, a specimenbond for 100 dinars, from the Bradbury, Wilkinson &Co. archive, coat of arms of the Hashemite Kingdomof Iraq top centre, brown and blue, text in Arabic andEnglish, with coupons, extremely fine

£80-100

OTTOMAN EMPIRE

193Ottoman Railway Company from Smyrna toAidin, £20 share, London 186[2], no.08925, ornatescrollwork at left, text in English, French and Turkish,impressed and adhesive revenue stamps, coupons re-attached, good very fine

£250-300

194Anglo-Asiatic Manganese Co. Ltd., three certificatesfor ordinary shares of £1 each, all 19[09], nos. 78, 79,and 102, the first two red-brown, the latter brighterred, embossed seal at bottom right, each with spike holeat top left, otherwise very fine (3)

£60-80

Mines based in Turkey.

195“Ittihad” S.A. de Navigation Ottomane, certificatefor 10 shares of T£1, Salonica 1911, no.217701-217710, Issued to Prince Abdul Efendi Hazretleri,second youngest son of Abdulhamid II, largeformat and very attractive piece with vignette ofsteamship in centre with lifebelts in each corner, black,green underprint, with coupons, good very fine

£100-120

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196Oriental Carpet Manufacturers Ltd., bearer warrantfor 1 share of £5, London 19[12], several womensitting at loom weaving carpet, camel loaded with thecompany’s goods above, ornate border, black, orange-brown underprint, text in English and French, withtalon, very fine

£60-80

A large company (capital £1,000,000), registered inEngland in 1907, but with Head Office in Smyrna.Had branches in Istanbul, Izmir, London, New York,Paris and Toronto.

197Ottoman Financial Association Ltd., certificate for1 share of £50, 1864, no.01152, ornate border, black,English with title in Arabic below, printed byBradbury, Wilkinson & Co., very fine and scarce

£60-80

This company was formed by the Mercantile CreditAssociation and was a combination of Greek merchanthouses. Like so many others it collapsed in the wake of theOverend Gurney crash in 1866.

198S.A. Ottomane “Bosphore” Pour L’Exploitationdu Grand Parc de Beicos, a group of 10 certificatesfor 1 share of T£22 / 500 francs, Constantinople191[4], large format with ornate border, brown andpale blue, text in Arabic and French, all with coupons,extremely fine

£150-200

PALESTINE199Jerusalem Electric & Public Service CorporationLtd., a pair of specimen certificates from theBradbury, Wilkinson & Co. archive, for preference andordinary shares of £P1, 19— (circa 1925), largeformat pieces with ornate borders, blue and black, andbrown and black respectively, text in Arabic, Englishand Hebrew, with counterfoils, red circular Bradburystamp in centre, extremely fine (2)

£80-100

ASIA

CHINAForeign Debt

200A small group of Chinese bonds (9), comprisingShanghai Hangchow Ningpo Railway, 1936, £50bond; Lung Tsing U Hai Railway, unissued reservestock bonds of the 1920 loan, 1921 loan (3 examples,2 with all coupons, 1 with two removed) and 1923Loan; Hukuang Railways, 1911, £20, Banque deL’Indo-Chine, and Tientsin Pukow Railway, 1908Loan, £20 bonds (2), both Deutsch-Asiatische Bank,all with coupons, very fine to about extremely fine (9)

£200-250

The following piece is one of several lots that have beenfound quite recently. They reputedly came from the Citysome years ago and were probably retained as specimensin a banking office.All others from the lot are highlighted in blue in thetext.

201Chinese Imperial Government, 1896 5% GoldLoan, unissued bond for £25, countersigned byHongkong and Shanghai Banking Corporation, largeformat piece, blue with multicoloured underprint,with full coupons sheet, extremely fine and extremelyrare

£800-1,000

Bonds issued by the Deutsch Bank are quite common butthis is the first time the cataloguer has seen any issued byHSBC.

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202Chinese Imperial Government, 1896 5% GoldLoan, unissued bond for £50, countersigned byHongkong and Shanghai Banking Corporation, largeformat piece, brown with multicoloured underprint,with full coupons sheet, extremely fine and extremelyrare

£800-1,000

203Chinese Imperial Government, 1896 5% GoldLoan, unissued bond for £100, countersigned byHongkong and Shanghai Banking Corporation, largeformat piece, green with multicoloured underprint,with full coupons sheet, extremely fine and extremelyrare

£1,000-1,200

204Chinese Imperial Government, 1898 41⁄2% GoldLoan, unissued bond for £25, countersigned byHongkong and Shanghai Banking Corporation, largeformat piece, red with multicoloured underprint, withfull coupons sheet, extremely fine and extremely rare

£600-800

2051898, 41⁄2% Gold Loan, bond for £25, no.000037,issued by the Hongkong and Shanghai bankingCorporation, large format, red and black, withcoupons, split at folds but no paper loss, fine to veryfine

£120-150

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203

204

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206Chinese Imperial Government, 1898 41⁄2% GoldLoan, unissued bond for £50, countersigned byHongkong and Shanghai Banking Corporation, largeformat piece, orange with multicoloured underprint,with full coupons sheet, extremely fine and extremelyrare

£600-800

207Chinese Imperial Government, 1898 41⁄2% GoldLoan, unissued bond for £500, countersigned byHongkong and Shanghai Banking Corporation, largeformat piece, mauve with multicoloured underprint,with full coupons sheet, extremely fine and extremelyrare

£1,000-1,200

208Chinese Imperial Government, 1898, 41⁄2% GoldLoan, bond for £500, no.D2305, issued by theHongkong and Shanghai Banking Corporation, largeformat piece with ornate borders, mauve and black,text in English and German, with coupons, wellcirculated with edge tears and small piece missing frombottom right corner, fine and scarce

£300-400

2091898, 41⁄2% Gold Loan, a group of 15 bonds for £50each, issued by the Deutsch-Asiatische Bank, largeformat, orange and black, with coupons, mixedcondition fine and better (15)

£250-300

210Chinese Imperial Railway, 5% Gold Loan, 1899,bond for £100, no.19767, large format, ornate borderwith pale blue underprint and red chop in centre, withcoupons, damage to bottom edge and small tears, aboutvery fine

£150-200

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207

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2111899, Chinese Imperial Railway, Railways ofNorth China, 5% Gold Loan, £100 bond, no. 12288,very large format piece with ornate border, brown withblue underprint, with coupons (K.90), very fine

£120-150

212‘Emprunt Chinois’ 5% Gold Loan, 1903, a groupof 20 bonds for 500 francs, dated 1905 ornate border,red, black and yellow, with coupons, generally very fine(20)

£200-250

213Chinese Imperial Railway, Shanghai-NankingRailway 5% Gold Loan, 1904, unissued bond for£100, countersigned by the British and ChineseCorporation Ltd., large format, ornate border, red andblack, with full coupons sheets, extremely fine andextremely rare

£600-800

See note before lot 201

214Shanghai-Nanking Railway, 5% Gold Loan, 1903,a group of 30 bonds for £100, second issue dated1907, large format, pink and black, with coupons, ahandful with tears and repairs otherwise fine to very fine(30)

£500-600

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213

215Honan Railway 5% Gold Loan, 1905, a group of 15bonds for £100, large format with ornate border,green and black, with coupons, generally very fine andbetter (15)

£700-900

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2161908 5%/41⁄2% Gold Loan, unissued bond for £20,Hongkong and Shanghai Banking Corporation,walled city at top, green and black, printed byWaterlow & Sons, with full coupons attached atbottom and to right, not numbered, small nick at left,about extremely fine and extremely rare

£800-1,000

See note before lot 201

2171908 5%/41⁄2% Gold Loan, bond for £20 issued bythe Hongkong and Shanghai Banking Corporation in1909, no. B026857, walled city of Peking at top,green and black, printed by Waterlow & Sons, hole topleft and some nicks at left centre, about very fine andscarce issue

£120-150

2181908 5%/41⁄2% Gold Loan, unissued bond for £100,Hongkong and Shanghai Banking Corporation,walled city at top, mauve and black, printed byWaterlow & Sons, with full coupons attached atbottom and to right, not numbered, slightly creased atleft edge, about extremely fine and extremely rare

£1,000-1,200

See note before lot 201

boNdS aNd Share CertifiCateS of the WorLd

217

218

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2191908 5%/41⁄2% Gold Loan, bond for £100 issued byHongkong and Shanghai Banking Corporation in1909, no.A010276, walled city of Peking at top,mauve and black, printed by Waterlow & Sons,pinholes and small tear at right edge where couponsremoved, very fine

£150-200

2201908, 5% Gold Loan, bond for £100 sterling,London 1909, no.018983, countersigned by theHongkong and Shanghai Banking Corporation,vignette under title of the Imperial Palace at Peking,ornate border, mauve and black, printed by Waterlow& Sons, no coupons, heavy creasing, but about very fine

£200-300

2211908, 5% Gold Loan, bond for £100 sterling,London 1909, no. 018984, countersigned by theHongkong and Shanghai Banking Corporation,vignette under title of the Imperial Palace at Peking,ornate border, mauve and black, printed by Waterlow& Sons Ltd., no coupons, slight edge damage to leftside, very fine

£200-300

222Tientsin-Pukow Railway 5% Loan, 1908, bond for£100, £50 paid, issued by Chinese Central Railways,large format, orange and black, with replacementcoupons, mauve stamp showing £50 repaid in 1926 attop left, couple of edge splits at top, fine to very fine

£100-120

2231908 5% Tientsin-Pukow Railway Loan, a group of50 bonds for £200, issued by the Deutsh-AsiatischeBank, large format, ornate border, mauve, black and apink underprint, generally very fine and better (50)

£800-1,000

224Imperial Chinese Government, 1910 5% Tientsin-Pukow Railway Supplementary Loan, bond for£100, issued by the Chinese Central Railways, largeformat, green and black, text in English and Chinese,together with Chinese Government 8% 10yrSterling Treasury Notes 1925/1929, two pieceseach for £100, green, and ‘Boxer’ 5% Gold Bond1925, three pieces each for $50 US, brown, all withcoupons, the first with small nick to right edge, butotherwise all very fine, the latter items better (6)

£120-150

2251910, Tientsin Pukow Railway 5% SupplementaryLoan, a group of 24 bonds for £100, issued byChinese Central Railways Ltd., large format, ornateborders, green and black, printed by Waterlow &Sons, with coupons, a very nice condition group butthe coupons have been removed from the right sidevery close to the design, extremely fine (24)

£1,000-1,200

2261910 5% Tientsin-Pukow Railway Loan, a group of40 bonds for £20, issued by the Deutsch-AsiatischeBank, large format, ornate border, green, black and apink underprint, generally about very fine, many better(40)

£500-600

2271911, 5% Hukuang Railways Gold Loan, bonds for£20 and £100 issued by HSBC, £100 bond issued byJ. P. Morgan & Co. and others, £20 bond issued byDeutsch-Asiatische Bank, and 5 bonds for £20 issuedby Banque de l’Indo-Chine, large format pieces withornate borders, steam train at top, red chops atbottom, all with coupons, generally fine to very fine,most with rough and discoloured edges, the first a littlebetter (9)

£250-300

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228Imperial Chinese Government 5% HukuangRailways Sinking Fund Gold Loan of 1911,unissued bond for £100, countersigned by Hongkongand Shanghai Banking Corporation, large format,steam train at top, red and black, printed by Waterlow& Sons, with full coupons sheet, extremely fine andextremely rare

£800-1,000

See note before lot 201

2291911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 20 bonds for £100, issued by theHongkong and Shanghai Banking Corporation, largeformat, steam train at top, red and black, printed byWaterlow & Sons, with coupons, a very nice clean lot,generally good very fine to about extremely fine (20)

£800-1,000

2301911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 20 bonds for £100, issued by theBanque de L’Indo-Chine, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, mixed condition, mostly fine to very fine (20)

£800-1,000

2311912, 5% ‘Crisp’ Gold Loan, a group of 25 bondsfor £20, large format, ornate borders, blue and blackwith yellow underprint, with coupons, a better thanaverage lot, good very fine to extremely fine (25)

£600-800

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231

229

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232Chinese Government, 5% Sterling Gold Loan of1912, bond for £1000, no.500, large format piecewith ornate border, red and black, text in English andFrench, some adhesion at top, small tears to right egde,otherwise good fine

£1,500-2,000

233Chinese Government, 5% Sterling Gold Loan of1912, bond for £1000, no.514, large format piecewith ornate border, red and black, text in English andFrench, some minor creasing at edges, about very fine

£2,000-2,500

234Chinese Central Government, 1913 6% ‘Austrian’Loan, £50 bond, no.00246, large format piece,mauve and black, red ‘chop’ in centre (Kuhlmann310), with coupons, very fine and scarce thus

£1,200-1,500

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233

232

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2351913 5% Reorganisation Gold Loan, unissued bondfor £20, Hongkong and Shanghai BankingCorporation, ‘Mercury’ at top, peasants and buildingsat either side, brown and black, printed by Waterlow& Sons, with full coupon sheets, not numbered,extremely fine and extremely rare

£600-800

See note before lot 201

2361913 5% Reorganisation Gold Loan, unissued bondfor £100, Hongkong and Shanghai BankingCorporation, ‘Mercury’ at top, peasants and buildingsat either side, blue and black, printed by Waterlow &Sons, with full coupon sheets, not numbered,extremely fine and extremely rare

£800-1,000

See note before lot 201

2371913 5% Reorganisation Gold Loan, bond for£100, countersigned by the Hongkong and ShanghaiBanking Corporation, no.812256, ‘Mercury’ at top,peasants and buildings at either side, blue and black,printed by Waterlow & Sons, with coupons, extremelyfine

£300-400

2381913 5% Reorganisation Gold Loan, bond for£100, countersigned by the Hongkong and ShanghaiBanking Corporation, no.812258, ‘Mercury’ at top,peasants and buildings at either side, blue and black,printed by Waterlow & Sons, with coupons, extremelyfine

£300-400

2391913 5% Reorganisation Gold Loan, 3 bonds for£100, issued by the Hongkong and Shanghai BankingCorporation, ‘Mercury’ at top, peasants and buildingsat either side, blue and black, printed by Waterlow &Sons Ltd., with coupons, fine to very fine (3)

£600-800

2401913 5% Reorganisation Gold Loan, a group of 3bonds for £100, countersigned by the Hongkong andShanghai Banking Corporation, ‘Mercury’ at top,peasants and buildings at either side, blue and black,printed by Waterlow & Sons, with coupons, good veryfine to extremely fine (3)

£800-1,000

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236

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2411913 5% Reorganisation Gold Loan, a group of 5bonds for £100, countersigned by the Hongkong andShanghai Banking Corporation, ‘Mercury’ at top,peasants and buildings at either side, blue and black,printed by Waterlow & Sons, with coupons, very fineand better (5)

£1,500-1,800

2421913 5% Reorganisation Gold Loan, a group of 10bonds for £100, countersigned by the Hongkong andShanghai Banking Corporation, ‘Mercury’ at top,peasants and buildings at either side, blue and black,printed by Waterlow & Sons, with coupons, good veryfine to extremely fine (10)

£2,500-3,000

2431913 5% Reorganisation Gold Loan, a group of 16bonds for £20, 8 are countersigned by the Hongkongand Shanghai Banking Corporation, 4 by Banque deL’Indo-Chine, 2 by Deutsch-Asiatische Bank and 3 bythe Russo Asiatic Bank, ‘Mercury’ at top, peasants andbuildings at either side, brown and black, printed byWaterlow & Sons, with coupons, very fine to extremelyfine (16)

£800-1,000

2441913 5% Reorganisation Gold Loan, a group of 4bonds for £20, issued by Banque de L’Indo-Chine,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, very fine and better (4)

£200-250

2451913 5% Reorganisation Gold Loan, a group of 10bonds for £20, issued by Deutsch-Asiatische Bank,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, very fine and better (10)

£500-600

2461913 5% Reorganisation Gold Loan, a group of 20bonds for £20, issued by Deutsch-Asiatische Bank,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, very fine and better (20)

£1,000-1,200

2471913 5% Reorganisation Gold Loan, a group of 20bonds for £20, issued by Deutsch-Asiatische Bank,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, very fine and better (20)

£1,000-1,200

2481913 5% Reorganisation Gold Loan, a group of 23bonds for £20, issued by Deutsch-Asiatische Bank,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, very fine and better (23)

£1,200-1,400

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2491913 5% Reorganisation Gold Loan, a group of 10 bonds for £100, issuedby the Hong Kong & Shanghai Banking Corporation, ‘Mercury’ at top,peasants and buildings at either side, blue and black, printed by Waterlow &Sons, with coupons, mixed condition, most very fine and better (10)

£2,500-3,000

boNdS aNd Share CertifiCateS of the WorLd

2501913 5% Reorganisation Gold Loan, a groupof 10 bonds for £100, issued by the Hongkong& Shanghai Banking Corporation, ‘Mercury’ attop, peasants and buildings at either side, blueand black, printed by Waterlow & Sons, withcoupons, mixed condition, many very fine (10)

£2,500-3,000

2511913 5% Reorganisation Gold Loan, a groupof 10 bonds for £100, issued by the Hongkongand Shanghai Banking Corporation, ‘Mercury’at top, peasants and buildings at either side,blue and black, printed by Waterlow & Sons,with coupons, mixed condition, many very fine(10)

£2,500-3,000

250

Lots 249 to 258 are being sold on behalf of Lehman Brothers International (Europe) (in Administration)

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2521913 5% Reorganisation Gold Loan, a group of 20bonds for £20, issued by the Banque de Lindo-Chine,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, generally very fine and better (20)

£1,000-1,200

2531913 5% Reorganisation Gold Loan, a group of 20bonds for £20, issued by the Banque de Lindo-Chine,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, generally very fine and better (20)

£1,000-1,200

2541913 5% Reorganisation Gold Loan, a group of 50bonds for £20, issued by the Banque de L’Indochine,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, generally very fine and better (50)

£2,500-3,000

2551913 5% Reorganisation Gold Loan, a group of 20bonds for £20, issued by the Deutsch Asiatische Bank,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, mixed condition, many very fine (20)

£1,000-1,200

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254

252

2571913 5% Reorganisation Gold Loan, a groupof 50 bonds for £20, issued by the DeutschAsiatishe Bank, ‘Mercury’ at top, peasants andbuildings at either side, brown and black,printed by Waterlow & Sons, with coupons,mixed condition, many very fine (50)

£2,500-3,000

2581913 5% Reorganisation Gold Loan, a groupof 100 bonds for £20, issued by the DeutschAsiatishe Bank, ‘Mercury’ at top, peasants andbuildings at either side, brown and black,printed by Waterlow & Sons, with coupons,mixed condition, many very fine and better(100)

£5,000-6,000

2561913 5% Reorganisation Gold Loan, a group of 20 bonds for £20, issuedby the Deutsch Asiatishe Bank, ‘Mercury’ at top, peasants and buildings ateither side, brown and black, printed by Waterlow & Sons, with coupons,generally very fine and better (20)

£1,000-1,200

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2591913 5% Reorganisation Gold Loan, a group of 5receipts for repayment of coupon payable 1914,attached to original coupon for 5 bonds numbered081915-081919, small format, black on pale greenpaper, french adhesive duty stamps, red ‘chop’ atbottom, very fine and very rare with original coupon

£60-80

2601913, 5% Reorganisation Gold Loan, £20, HSBC,vignette of Mercury top centre, small vignettes of ruralChina to left and right, brown, red chop at bottom,text in English, German, French and Russian, togetherwith Companhia do Nyassa, 5 shares of £1 (2),190[0], ornate scrollwork border, green and black;Brazil Railway Company, $100 ordinary shares (2),steam train crossing bridge at top, purple and black,and other miscellaneous pieces (9), mixed conditionlot, listed pieces about very fine, others only fine with acouple of modern which are better (15)

£120-150

2611913, 5% Reorganisation Gold Loan, 2 bonds for£20/189.40 roubles, issued by Russo Asiatic Bank,brown and black, ‘Mercury’ at top, rice planting at leftand pagoda at right, printed by Waterlow and Sons,together with; 5% Tientsin -Pukow RailwaySupplementary Loan, 1910, bond for £100, issued byChinese Central Railways Ltd., green and black; 5%Gold Loan of 1908, bond for £20, issued by Banquede l’Indo-Chine, black and green; Vickers TreasuryNotes 1925/1929, £100, black and green, ; EmpruntIndustriel 5% Loan, 1914, bond for 500 francs (4),brown, gold and black, and Banque Industrielle deChine, 500 franc shares (5), yellow and black, ornatechinese style border and scene with dragons atbottom, generally very fine, some rough edges wherecoupons removed, one or two with pin holes (14)

£250-300

262Lung Tsing U Hai Railway, 5% Gold Loan of1913, bond for £20, no. B140756, large format, blueand black, with coupons; together with Gold Fields ofSiam Ltd., 50 shares of £1, 18[89], brown with blueunderprint, with coupons, and I.O.S. Ltd., 10 shares,1969, green and black, with coupons, generally veryfine or better (3)

£150-200

263Province of Petchili, 51⁄2% Gold Loan of 1913,bond for £20, no.19350, very large format piece withvignette of Chinese shipping with mountains inbackground, brown and black, red ‘chop’ in centre,text in French and English, with coupons, about goodvery fine, slightly rough right edge

£600-800

264Province of Petchili, 51⁄2% Gold Loan of 1913,bond for £20, no.19332, very large format piece withvignette of Chinese shipping with mountains inbackground, brown and black, red ‘chop’ in centre,text in French and English, with coupons, good veryfine

£600-800

265Province of Petchili, 51⁄2% Gold Loan of 1913,bond for £20, no.19333, very large format piece withvignette of Chinese shipping with mountains inbackground, brown and black, red ‘chop’ in centre,text in French and English, with coupons, good veryfine

£600-800

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266Chinese Republic, 1918, 8% Treasury Bills(Marconi Loan), a set of £1000, no.2097, £500,no.1556 and £100, no.306, all with ornate border, redprinting, yellow underprint, with coupons, only 200£1000 bonds and 500 £500 bonds issued, a scarce set,damaged edges as is usual, tape repair at left on £500and £1000, a scarce set (3)

£500-700

2671918, 8% ‘Marconi’ Treasury Bill, £1000 bond,no.2178, of only 200 issued, ornate border, red andblack, yellow underprint, new coupons re-attached,minor edge splits, very fine for the issue and very rarethus

£400-500

2681919 8% 10-Year Sterling Treasury Notes ‘VickersLoan’, pair of bonds for £500 and £1000, vignette ofdockside at top, ornate borders, blue and brownrespectively, both with coupons, good very fine andvery fine (2)

£800-1,000

2691919, 6% Two-Year Secured Gold ‘Chicago Bank’Loan, $1000 bond, no.486, vignette of Pagoda attop, orange and black, printed by the American BankNote Co., with coupons, almost extremely fine

£600-800

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2701919, 6% Two-Year Secured Gold ‘Chicago Bank’Loan, $1000 bond, no.4755, vignette of Pagoda attop, orange and black, printed by the American BankNote Co., with coupons, good very fine

£600-800

271Lung-Tsing-U-Hai Railway, a pair of un-issuedcertificates from the reserve stock, bonds for 500francs, 1920 and 1921, ornate border, red-brown andgreen respectively, with coupons, both extremely fine(2)

£60-80

Lots 272 to 274 are being soldon behalf of Lehman Brothers International

(Europe) (in Administration)

2721925 5% Gold ‘Boxer’ Loan, a group of 50 bondsfor $50US, ornate border, brown, yellow underprint,text in English and French, with coupons, generallyvery fine to extremely fine (50)

£500-600

2731925 5% Gold ‘Boxer’ Loan, a group of 100 bondsfor $50US, ornate border, brown, yellow underprint,text in English and French, with coupons, generallyvery fine to extremely fine (100)

£800-1,200

2741925 5% Gold ‘Boxer’ Loan, a group of 100 bondsfor $50US, ornate border, brown, yellow underprint,text in English and French, with coupons, generallyvery fine to extremely fine (100)

£800-1,200

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2751925 8% ‘Skoda’ Loan, bond for £500, no.0020956,ornate border, orange and black, ‘chop’ in centre, withcoupons, about extremely fine

£400-500

2761925 8% ‘Skoda’ Loan, bond for £1000,no.0026565, ornate border, red and black, ‘chop’ incentre, with coupons, extremely fine

£500-600

2771934 6% Sterling Indemnity (Boxer) Loan, bondfor £50, no.0134, ornate border with vignette of SunYat Sen at top, blue, brown and black with greenunderprint, with coupons, spike hole at top left, goodvery fine.

£150-200

2781934 6% Sterling Indemnity (Boxer) Loan, bondfor £50, no.0137, ornate border with vignette of SunYat Sen at top, blue, brown and black with greenunderprint, with coupons, spike hole at top left, goodvery fine

£150-200

2791934 6% Sterling Indemnity Loan, bond for £50,no.0379, vignette of Sun Yat Sen at top, brown andblue, green underprint, with coupons, extremely fine

£150-200

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276

277

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2801937 Secured Sinking Fund Bond (Pacific DevelopmentLoan), bond for $100, no.C53, one of only 3 known,pagoda at top, green and black, with coupons, ABNCo.printing, with certificate attached to denote Americandomicile of owner, about extremely fine and rare

£3,500-4,000

Bond number C54 was sold by us for £3800 hammer in June2013.

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2811937 Secured Sinking Fund Bond (PacificDevelopment Loan), for US$1000, no.M734,pagoda at top, blue and black, with coupons, ABNCo.printing, with certificate attached to denote Americandomicile, extremely fine

£600-700

Internal Loans

2821937, 4% Liberty Loan, bond for $100, no.289216,with adhesive and impressed Singapore revenue stampsadded in 1939, ornate border, brown and black, palegreen underprint, with coupons, extremely fine andscarce with Singapore revenues

£80-100

2831956 National Economic Construction Loan, apresentation book of uniface obverse and reversespecimen bonds for 1, 2, 5, 10, 50 and 100 yuan,similar designs to the last in different colours browncard covers, red cloth spine, with GovernmentPrinting Bureau on the front, a generally clean copy, thecontents of which are extremely fine (12)

£300-400

November 28, 2014 - LoNdoN

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284City Government of Greater Shanghai, 7%Shanghai Rehabilitation Loan of 1932, bond for$100 (Shanghai currency), no.C00693, large formatpiece with ornate borders, green and black, text all inEnglish, with coupons, good very fine and very raredenomination

£600-800

285City Government of Greater Shanghai, 7%Shanghai Rehabilitation Loan, 1932, bond for$1000 (Shanghai currency), no.D0566, large formatpiece with ornate borders, brown and black, text all inEnglish, with coupons, about extremely fine and rare

£400-500

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Municipal Loans

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286British Municipal Council Tientsin, GeneralPurposes Loan 1932, bond for $100 (Tientsincurrency), no.751, ornate border with coat of arms ofthe city in centre, brown and black, printed byWaterlow & Sons, with coupons, good very fine

£300-400

287British Municipal Council Tientsin, GeneralPurposes Loan 1932, a set of bonds for $100, $500and $1000 (Tientsin currency), no.739, 295 and 124,ornate border with coat of arms of the city in centre,brown and black, printed by Waterlow & Sons, allwith coupons, all good very fine and a rare set (3)

£1,000-1,500

November 28, 2014 - LoNdoN

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288Bank of Hindustan, China & Japan Ltd., a pair ofcertificates, £100 share, 18[63], no.9514, and NewShares, £100, 18[64], no.17956, coat of arms incentre, black printing, the latter on mauve paper, bothwith attractive embossed seal, perforated with partrepayment, very fine and extremely fine (2)

£200-300

289Hongkong Engineering & Construction Co. Ltd.,a group of 17 certificates of $2 shares, fully paid, all19[38], ornate border, black, ‘1938 ISSUE’ in topmargin, stamped cancelled in red, generally extremelyfine (17)

£200-250

290Jee Yee Pier Warehouse Co. Ltd., Shanghai, 100yuan shares, 1924, ornate border, green and blackwith yellow underprint, text all in Chinese, adhesiverevenue stamp at top, good very fine

£100-120

291Kam Tong Restaurant Ltd., Hong Kong, 100 yuanshares, 1940, vignette of 3 storey building at top,ornate border, green, red seal, red ‘chops’, text all inChinese apart from the company name, very fine

£140-180

Registered in Hong Kong in 1940 and dissolved in1980.

292New Oriental Bank Corporation Ltd., bearer sharewarrant for £10 (6), 188[5], ornate border, black andgreen, large underprint of £10, red embossed seal inbottom right corner, all with coupons, good very fine(6)

£120-150

Established in Bombay in 1842 originally as the Bank ofWestern India, but headquarters were moved to Londonin 1845 and the name changed to the Oriental BankCorporation. In 1851 the company was chartered tocompete with the East India Company, and laterexpanded to China and Hong Kong, Japan, India,Mauritius and South Africa. The company suffered dueto the coffee disease in Ceylon (Sri Lanka) which it hadinvested heavily in, and attempted re-organisation as theNew Oriental Bank Corporation but could no longercompete with rivals HSBC and Chartered Bank ofIndia, Australia and China. It closed in 1892.

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293Oriental Bank Corporation, a pair of certificates,each for £25 share, 18[51], no.4320 and 18[56],no.42498, royal coat of arms at top, scrollwork to left,black, together with New Oriental Bank CorporationLtd., £10 share, 1885, no.16733, black and green,with coupons, very fine (3)

£100-120

294Oriental Bank Corporation, £25 ‘new’ share,London 1855, no.44307, small format piece, red, veryfine and scarce type

£120-150

295Oriental Bank Corporation, £25 ‘new’ share,London 1855, no.44308, small format piece, red, veryfine

£120-150

296Shanghai Land Investment Co. Ltd., a group of 12certificates for 5 tael shares (overprinted 5 HK dollars),all 19[31] full height vignette of Chinese workmanpainting a house at the top of a ladder, brown, inkcancelled, mixed condition, a few tears, generally veryfine to extremely fine (12)

£300-400

Formed in 1888 and later controlled by Victor Sassoon.The company owned the Broadway Mansions built in the1930’s, a high rise Art Deco hotel building in theHongkou region of Shanghai. It remains one of the mostfamous hotels in Shanghai and is known now as theBroadway Mansions Hotel.

297A Commercial and Industrial Handbook, by JuleanArnold, American Commercial Attaché, and others,Washington, Trade Promotion series no. 38, 818pages, cloth, lacks both general and railway maps butotherwise intact, minor annotations, replace the twovolume work by the same author published in 1920, ascarce and informative work., Together with The Breakup of China, by Lord Charles Beresford, London1899, 509 pages plus fold out maps andadvertisements, cloth binding, useful text on the‘scramble for concessions’, some spotting but tightbinding, good condition overall (2)

£80-100

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298A small group of companies operating in India,comprising; Madras Railway Company, £20 share,1853, extension of original capital, scrollwork at left,black; East Indian Railway Co., consolidated stock,186[5], black; Bengal Gold & Silver Mining Co. Ltd.,100 shares of 1 rupee, 1890, black with yellowunderprint; Sonapret Proprietary Gold Mining Co.Ltd., founders share, 1890, blue; Kalyanpur BeharGold Mining Co. Ltd., 10 shares of 10 rupees each,1891, blue with orange underprint; India GeneralNavigation and Railway Co. Ltd., 5% debenture for500 rupees, 1915, steamer on river at top, black andgreen, and Indian Iron and Steel Co. Ltd., 4% firstmortgage debenture for £100, 19[37], foundry at top,green and black, generally very fine, the first and lastslightly better (7)

£80-100

299Sind Light Railways Ltd., 100 rupee shares, 190[8],no.104, lovely vignette at top depicting steam trainpassing camel train with goods, ornate border, red andblack, printed by Waterlow Bros & Layton Ltd., goodvery fine and rare

£120-150

x300Kalighat-Falta Railway Co. Ltd., 100 rupeeordinary shares, 191[5], no.385, ornate border, blackwith pink underprint, seal depicts railway station,cancelled; together with four unissued railwaycertificates, all circa 1920, comprising Baraset-BasirhatLight Railway Co. Ltd., Howrah-Amta Light RailwayCo. Ltd., both ordinary and preference shares andHowrah-Sheakhalla Light Railway Co. Ltd., the firstwith filing holes, fine, the remainder very fine and better(5)

£60-80

x301Scindia Steam Navigation Co Ltd., a pair ofcertificates of different format, 1920 and 1946, bothwith vignette of small steamship; together with DienfaMotors Ltd., 1948, a large motor garage and

dealership in Dacca; Dienfa Ltd., 1954; Kurwai MotorTransport Co. Ltd., unissued certificate, 19-; IndianStandard Wagon Co. Ltd., 1953; Indian AluminiumCo. Ltd., 1956; Indian iron and Steel Co. Ltd., 1937,printed by Waterlow & Sons, and an unissuedmortgage debenture stock certificate, 19-, in the samecompany, mixed condition, fine and better (9)

£80-100

x302A small collection of Jute company certificates,comprising Adamjee Jute Mills Ltd., 10 rupee shares,1953, Pakistan revenue stamps; Lansdowne Jute Co.Ltd., 1921; Western Jute Baling Co. Ltd., 1949;Kanknarrah Co. Ltd., 100 rupee shares, 10 examplesranging from 1923 to 1941, printed by Waterlow &Sons, and an unissued certificate in Kohinoor JuteMills Ltd., Pakistan, 19-, circa 1950, mixed condition,fine and better (14)

£80-100

x303An interesting group of textile mill companies,comprising Tarun Commercial Mills Ltd., 100 rupeeordinary share, 1953, vignettes of three of thedirectors at top (10 examples); AhmedabadJupiterSpinning, Weaving & Manufacturing Co. Ltd.,1947; Mafatlal Fine Spinning & Mfg. Co. Ltd., 1953;Howrah Mills Co. Ltd., 1903; Mahalaxmi Mills Ltd.,Bhavnagar, 1946, this with scarce Bhavnagar Durbaradhesive revenue stamp; Kalyanmal Mills Ltd., 1922,with Holkar State adhesive revenue stamp; LalbhaiTricumlal Mills Ltd., 1929, and, an unissuedcertificate in New Commercial Mills Co. Ltd., 192-, afew with vignettes, mixed condition but many very fine(17)

£80-100

304A group of Gold and Silver Mines in India,managed by John Taylor and Sons, comprising;Ripanji Quicksilver and Silver Mines Co. Ltd., £1shares, fully paid, 18[88], signed by John Taylor jr.,black; Champion Reef Gold Mining Co. of India Ltd.,2s6d shares, fully paid, 1904, brown on green paper;Nine Reefs Co. Ltd., 5/- shares, part paid, 190[2],signed by Frank Taylor, brown printing; Jibutil GoldMines of Anantapur Ltd., option certificate for 10sshares, 1912, signed by John Taylor jr., blue, and NewKempinkote Gold Field Ltd., 5/- shares, 19[11],signed by Edgar Taylor, mauve, all very fine orthereabouts (5)

£60-80

John Taylor and Sons were mining promoters, engineersand managers. John Taylor started his career in theDevon mines and was by 1798 a manger of the WhealFriendship Mines. His influence spread throughoutWales and the West Country then to Yorkshire andCumberland. During the mining boom of the 1820’s hisfirm managed many of the overseas companies formedwith British capital. His two sons, John junior andRichard also joined the firm and they were soonmanaging mines in Great Britain, India, South Africa,the United States and Spain.

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x305A nice group of textile companies, comprisingMysore Spun Silk Mills Ltd., 193[6], vignettes of silkworms, spun silk and spinning/weaving machinery,black, 2 impressed Mysore Government revenuestamps; Gopal Mills Co. Ltd., 1942; New JehangirVakil Mills Co. Ltd., 1943, vignette of the owner attop; Ahmedabad New Textile Mills Co. Ltd., 1947;Jehangir Vakil Mills Co. Ltd., 1948; RajnagarSpinning, Weaving and Manufacturing Co. Ltd.,1943/4; Ahmedabad Jupiter Spinning Weaving &Manufacturing Co. Ltd., 1948; Lalbhai Tricumlalmills Ltd., 1929; Broach Fine Counts Spinning &Weaving Co. Ltd., 1918; Ahmedabad Ginning andManufacturing Co. Ltd., 1920, and Megna Mills Co.Ltd., 1936, cancelled, many have attractive vignettes, acolourful lot, fine to very fine, several scarce (11)

£100-120

x306Shree Purshottamnagar Construction &Development Ltd., a group of 10 certificates for 100rupee shares, Ahmedabad 1947, godess in centre,company buildings at either side, brown and yellow,adhesive revenue stamps, together with Jaipur Metal& Electricals Ltd., 1944; Ivan Jones Ltd., 1941;Foolchand Sarawgie Ltd., 1950; KumardhubiEngineering Works Ltd., 1919, cancelled, andunissued certificates in Himabhai Manufacturing Co.Ltd., 190- and another 19- and Central India TobaccoCo. Ltd., 193-, also three manuscript documentscomprising a private bond between John Hughes, aveterinary surgeon and several natives, 1843,regarding a parcel of land in Bengal, a draft bill of sale,1818 and an office copy of a court plea, Calcutta,1818, the first almost extremely fine, the rest generallyfine to very fine (20)

£100-120

x307Eastern Financial Association Ltd., 21⁄2 shares of400 rupees each, 186[5], 250 rupees paid, no.7312,title in English, Gujerati and Hindi, black and green,very fine and a rare early date

£60-80

x307AGovernment of India Stationery & Printing Deptt.Co-operative Society Calcutta Ltd., a group of 34share certificates dated variouslly between 1949 and1952, ornate border with quill and ink pot at top left,printing pree top right, black, crude printing,considerable worm holes but otherwise generally almostextremely fine (34)

£80-100

308Indian Gold Mines:, A good collection of Britishcompanies operating gold mines in India, comprisingDevala-Moyar Gold Mining Co. Ltd., 1882; DevalaProvident Gold Mining Co. Ltd.., 1880; DevalahCentral Gold Mines Co. Ltd., 1881; Dharwar GoldMines Ltd., 1902 and 1904, varieties with differentprinters imprints; Dharwar Reefs Co. Ltd., 1905;Glenrock Co. Ltd., 1887; Gold Fields of Mysore &General Exploration Co. Ltd., 1902; Hosur GoldMines of Dharwar Ltd., 1907; Indian ConsolidatedGold Co. Ltd., 1888; Jibutil (Anantapur) Gold MinesLtd., 1914 and 1917, slight printing varieties; Kadur-Mysore mines Ltd., 1901; Kempinkote Gold FieldLtd., 1897; Mysore Reefs (1905) and Explorers Ltd.,1907; New Kempinkote Gold Field Ltd., 1908; NineReefs Co. Ltd., 2 types, 1895 and 1902; NundydroogCo. Ltd., 1914; Oriental Gold Mining Co. of IndiaLtd., 1901; Road Block Gold Mines of India Ltd.,1910; South-East Mysore Gold Co. Ltd., 1887;Tambracherry Estates & Wynaad Gold Mining Co.Ltd., 1881; Tambracherry Estates Co. Ltd., 1887,and, Wondalli (Deccan) Gold Mines Ltd., 1898,mixed condition but most fine to very fine, a few better(25)

£150-200

x309Mewar Textile Mills Ltd., Bhilwara, 100 rupeeshare, 19[42], no.10183, ornate border, pale blue andgreen, Mewar State revenue stamps attached, togetherwith; New National Mills Ltd., second preferenceshare of 50 rupees, 1948; Ajit Mills Ltd., 1931;Vikram Mills Ltd., 1949; Shri Ambica Mills Ltd.,1942; Ahmedabad Jupiter Spinning, Weaving andManufacturing Co. Ltd., [1926]; Marsden Brothers &Co. Ltd., 192[1]; Marsden Spinning andManufacturing Co. Ltd., 192[1]; Nutan Mills Ltd.,194[6] and 1948; Monogram Mills Co. Ltd., 19[28],and Gopalbhai Balabhai & Co. Ltd., 1950, generallyvery fine throughout (12)

£100-120

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x310N. B. M. Motor Service Co. Indore, 100 rupeeshare, Indore 191[6], an interesting piece withdecorative architectural border, small motor car at top,green and black, small part of printing has been erased,adhesive revenue stamp on face, good very fine

£60-80

x310ARajputana Talkies Ltd., a group of 5 certificates forone ordinary share, 19[46], vignette of cinema andreels of film, black, jaipur adhesive revenues at top,extremely fine;, together with Bank of Bengal, a groupf 5 certificate for 500 rupee shares, 3 types, 18[76], 3examples, 18[903] and 19[08]; Bansra Coal Co. Ltd.,1936; New Churulia Coal Co. Ltd., 1944; BamandihaCoal Co. Ltd., 1949; Hurriladih Coal Co. Ltd., 1945;East indian Coal Co. Ltd., 1952; Nischintapur TeaCo. Ltd., 1952; Kursiong & darjeeling Tea Co. Ltd.,1930; Gourepore Co. Ltd., 1928; Travancore Cablesand Rubbers Ltd., 1941; Macfarlane & Co. Ltd.,1941, and, Shree Yuvraj Jammu & Kashmir SugarMills Ltd., 1942, mixed condition, fine to very fine andan interesting lot (21)

£100-120

JAPAN311Nippon Kogyo Ginko (Industrial Bank of JapanLtd.), bearer certificate for 10 shares of 50 yen, 1906,no.218571-218580, ornate border, black with yellowunderprint, full text in Japanese and English, withcoupons, good very fine

£100-120

312Nippon Kogyo Ginko (Industrial Bank of JapanLtd.), bearer certificate for 10 shares of 50 yen, 1906,no.218561-218570, ornate border, black with yellowunderprint, full text in Japanese and English, withcoupons, good very fine

£100-120

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313Nippon Kogyo Ginko (Industrial Bank of JapanLtd.), bearer certificate for 20 shares of 50 yen, 1906,no.259401-259420, ornate border, black with blueunderprint, full text in Japanese and English, withcoupons, very fine

£120-150

314Nippon Kogyo Ginko (Industrial Bank of JapanLtd.), bearer certificate for 50 shares of 50 yen, 1906,no.330001-330050, ornate border, black with pinkunderprint, full text in Japanese and English, withcoupons, good very fine and a rare denomination

£120-150

MANCHURIA

315Imperial Manchurian Government, 4% Loan, bondfor 100 yen, attractive border with dragons, red andblack, with coupons, extremely fine

£60-80

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316South Manchuria Railway Co. Ltd., certificate for10 shares of 50 yen each, circa 1920’s, ornate border,steam locomotive at top, brown and black, good veryfine

£80-100

317South Manchuria Railway Co. Ltd., certificate for10 shares of 50 yen each, circa 1935, ornate border,streamlined train at bottom, black and brown, goodvery fine

£100-120

Founded by Imperial Japan in 1906 following the Russo-Japanese War, when the lease of the Liaottung Peninsulawas transferred from Russia to Japan. The SouthManchuria railway was originally built as an extensionof the Russian owned ‘Chinese Eastern Railway’.

318South Manchuria Railway Co. Ltd., 4.3% Loan,bond for 1000 yen, ornate border, green and black,with coupons, extremely fine

£60-80

319Manchurian Heavy Industries Development Co.Ltd., a pair of certificates for 10 shares, 500 yen, circa1930’s, ornate border, one purple and one dark green,embossed seal at top, extremely fine and good very finerespectively (2)

£80-100

320Manchurian Telegraph and Telephone Co. Ltd.,certificate for 10 shares, 500 yen, 1938, ornate border,administration building in Harbin at bottom, greenand black, good very fine

£80-100

MALAYA

321Federated Malay States Government, 3% Loan,bond for $1000, 1936, redeemable 1956/66, ornateborder, black and mauve with green underprint,printed by Waterlow & Sons, stamped CANCELLED,very fine and rare

£100-120

322Federated Malay States Government, 3% WarLoan, pair of bonds for $100 and $500, 1940,redeemable 1952/59, ornate border, black, red andblue with multicoloured underprint, printed by SurveyDept. F.M.S., stamped CANCELLED, the second alttle damp stained, very fine and rare (2)

£100-150

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323Cheng Rubber Estates, Ltd., pair of certficates for 1Tael and 10 Candareen shares respectively, 19[24] and19[32], no.536 and no.2382, capital restructureoverprinted in red on the latter, together with laterissues dated 19[47], 3 examples, all with monogram incentre, ornate border, brown and black, Americanstyle, printed by Colombian Bank Note Co., very fineto extremely fine (5)

£80-100

324Lampeh (British) Mining Co. Ltd., $100 shares,19[19], no.59, scrollwork at left, blue, adhesive StraitsSettlements and impressed Penang revenue stamps,rust mark at top edge, very fine and scarce

£60-80

Based in southern Siam, and held mining leases for 420acres, and exclusive prospecting licenses for a further4400 acres. Taken over by the Lampeh Tin Syndicateformed in Melbourne in the 1920’s.

325The Rubber Trust Ltd., one tael shares, Shanghai19[31], 4 examples, together with HK$2 shares,19[53], capital $50 million (2) and another dated19[54], with capital overprinted to $60,000,000, andfractional certificates, 1953 (8), all blue and black, thelast cancelled, fine to extremely fine (15)

£100-150

326Sungei Gau Tin Mining Co. Ltd., $10 shares,19[16], no.640, ornate border, mauve, adhesiveStraits Settlements and Singapore impressed revenuestamps, about very fine and scarce

£60-80

327Selangor Kinta Development Syndicate Ltd., $10shares, 1908, no.5, company seal over adhesiveFederated Malay States revenue stamp, together withKubang Pasu transport Co. Ltd., $10 shares, 19[55],no. 29, black, CANCELLED, and more moderncompanies (3), all with adhesive revenue stamps, thefirst about very fine, the second fine, the remainderextremely fine (5)

£60-80

328Temelong Hydraulic Tin Mining Co. Ltd., bearercertificate for 50 shares of $10, Singapore 18[99],no.134, ornate border, green and red, adhesive StraitsSettlements and impressed Singapore revenue stamps,with coupons, almost extremely fine and scarce

£80-100

329Mining companies in Malaysia and Indonesia,including British Borneo Gold Mining Co. Ltd., £1shares, 188[6], no.89, scrollwork at left, black (thispiece with tears and pieces missing from top and bottom,only fair); Labuan Coalfields Co. Ltd., £1 shares,190[3], scrollwork at left, black; Labuan and BorneoLtd., £1 shares, 189[8] and 189[9], black; Goldfieldsof Surinam Ltd., £1 shares, 189[7], ornate border,green; Klian Kellas Tin & Rubber Co. Ltd., 2 shillingshares, 191[0], black on pink paper; Kuala PahiRubber Estate Ltd., 2 shilling shares, 191[0], ornateborder, blue; Mombo Rubber Plantation Ltd., £1shares, 191[1], maroon; Pahang-Kabang Ltd., £1ordinary shares, 1900, maroon; Legeh ConcessionsSyndicate Ltd., £1 shares, 190[6], black; Liang TinLands Ltd., £1 shares, 1[899], blue; Surinam GoldConcessions (1908) Ltd., 1 shilling shares, 19[09],black, and others, mixed condition, fine to very fine atbest (39)

£200-300

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NETHERLANDS INDIES330A Large Group of Netherlands Indies Certificates,comprising; Mijnbouw Maatschappij “Soemalata”,250 gulden shares, Amsterdam 1896, ornate border,brown and pale blue-green (8); MijnbouwMaatschappij Telok Pamoekan, 500 gulden shares,Soerabaia 19[21], ornate border, brown and black(30) ; and Nederlandsche Gutta-Percha Maatschappij,four shares of 250 gulden, series A, ornate border,green (9), all with coupons, generally very fine (47)

£150-180

PHILIPPINES

331Real Compañia de Filipinas, 250 peso share, 1785,no.23782, classic piece with architectural border withlion and cornucopia atop, elephant to the left andsailing ship to the right, allegorical females at bottom,black, good very fine and scarce

£500-600

The company was established by royal decree in 1785 topromote trade between the Philippines and Spain, and toexploit the island’s natural resources. The King andmany major banks were shareholders in the company andit later absorbed the Barcelona Company. Frictionbetween England and Spain later resulted in poortrading and it was abolished in 1834.

SIAM (THAILAND)

332Royal Siamese Government 41⁄2% Sterling Loan of1905, unissued bond for £20, countersigned by theBanque de L’Indo Chine, Siamese arms at top,elephants in centre, blue and black, printed byBradbury, Wilkinson & Co., with full coupon sheets,not numbered, extremely fine and rare

£300-400

See note before lot 201

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333Royal Siamese Government 41⁄2% Sterling Loan of1905, unissued bond for £100, countersigned by theBanque de L’Indo Chine, Siamese arms at top,elephants in centre, green and black, printed byBradbury, Wilkinson & Co., with full coupon sheets,not numbered, extremely fine and rare

£300-400

See note before lot 201

AUSTRALASIA

AUSTRALIA334A small group of Australian Mining certificates,issued to the Earl of Norbury, comprisingKalgoorlie Mining Developments Co. Ltd., £1 shares,1[899], no.340, decorative title and scrollwork at left,green; Queensland Quicksilver Estates Ltd., £1 shares,18[87], no.212, scrollwork at left, black; ClaremontGold Mine Ltd., 5 shilling shares, 19[09], no.871,black; Golden Mountain Development Syndicate Ltd.,1 shilling shares, 191[3], no.15, ornate border, green,and Star Development Mines Ltd., 4 shilling ($1)shares, 2 examples, 192[0] and 192[5], brown, thefirst with tears at top and bottom, fourth has 2 holes atbottom, otherwise only light folds, very fine (6)

£80-100

335A useful group of Australian certificates (8),comprising Lake View and Boulder Junction GoldMines Ltd., fully paid shares, 1900 and part paidshares, 1902; Long Reef Gold Mining Co. Ltd., 1904;Hannan’s Proprietary Development Co. Ltd., 1901;Brock’s Goldfields of the Northern Territories ofSouth Australia Ltd., 1900; Associated Gold Fields ofthe Northern Territory Ltd., 1904, this with cornertorn away; Northern Blocks Syndicate Ltd., 1904, andSmelting and Refining Company of Australia (1901)Ltd., 1904, together with New Zealand trust & LoanCo. Ltd., 1901, generally fine to very fine, a few better(9)

£100-120

336A Nice Collection of certificates from HamptonPlains, Western Australia, comprising HamptonPlains Estate Ltd., 2 pieces with different capitalamounts, both 16 shilling shares, 189[7] and 190[1],red and blue respectively; Hampton Plains Estate(1906) Ltd., 10 shilling shares, 190[7], blue;Hampton Plains Exploration Co. Ltd., £1 shares,18[95], maroon; “Block 42”, Hampton Plains Ltd.,£1 shares, 189[6], blue, and Hampton ConsolidatedLtd., preference shares and ordinary shares of 2shillings each, both 19[21], purple and orangerespectively, none damaged but some creased edges andpin holes, very fine (7)

£120-150

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337Mining certificates from South Australia and theNorthern Territories, comprising; Great NorthernCopper Mining Co. of South Australia Ltd., 5 sharesof £2, 1859, green; White Hope Gold Mines, 10shilling shares, 192[0], red; Zapopan Mines Ltd., £1shares, 189[5], black; Northern Territories GoldFields of Australia Ltd., £1 shares, 1899, blue, andNorthern Territories Mines of Australia Ltd., 10shilling shares, 190[5], green, also together with 3pieces from Tasmania comprising South Mount LyellMining Co. Ltd., £2 shares, [1899]; Briseis Tin MinesLtd., £1 shares, 19[00], and Mount Read Mining Co.Ltd., £1 shares, 19[07], second piece with tear to rightedge, others only minor nicks in places, generally veryfine (8)

£140-180

338A group of mining companies in Queensland,comprising No.2 Queen Gold Mining Co. Ltd., £1shares, 188[7], red; Federation United Gold MinesLtd., 10 shilling shares, 189[9], black; CumberlandGold Mining Co. Ltd., £1 shares (3), 189[5], green;Chillagoe Ltd., 10 shilling shares, 19[13], brown;Gold Reefs Exploration Co. Ltd., Brisbane, 5 shillingshares, 190[9], brown, and 191[4], maroon; GreatFitzroy Mines Ltd., 5 shilling shares, [1914], brownand black, and two bankers receipts, all with creasing(the second more so), but generally about very fine (11)

£150-180

339A group of mining companies in Victoria,comprising Hepburn Alluvial Mining Co. Ltd., 2shilling shares, 190[4], red; Victorian ConsolidatedGoldfields Ltd., 5 shilling shares, 19[05], blue; NewOptions Exploration Ltd., 2 shilling shares, 190[7],green; Hampton Lands & Railway Syndicate Ltd., £1shares (2), 189[6], blue; Daylesford Gold Mines Ltd.,£1 shares, 190[8], blue; Melbourne-Democrat GoldMines Ltd., £1 shares, [1900], blue; Lodden DeepLeads (Victoria) Ltd., £1 shares, 190[3], and 5 shillingshares, 190[4]; Lodden Deep Leads (Caralulup) Ltd.,1 shilling shares, 191[2], and New VictorianConsolidated Goldfields Ltd., 5 shilling shares (2),190[7], many with pin/staple holes at top, generally veryfine or thereabouts (12)

£180-220

340A collection of certificates from Queensland,comprising; Chillagoe Ltd., 10 shilling shares, 19[13],brown; Cumberland Gold Mining Co. Ltd., £1 shares,188[6], black on blue paper and £1 ordinary shares,189[5], new capital amount, green; Day Dawn Block& Wyndham Gold Mining Co. Ltd., £1 shares, 188[7]and 190[3], different capital, black; Day Dawn P. C.Gold Mining Co. Ltd., 18[95]; Etheridge Gold MinesLtd., 19[18]; Mosman Gold Mining Co. Ltd.,188[7]; Mungana (Chillagoe) Mining Co. Ltd.,190[7]; Plant’s Day Dawn Gold Mines Ltd., 190[3];No. 7 North East Queen Gold Mining Co., 189[2]; 3North Smithfield Gold Mining Co. Ltd., 189[8];Queensland Investment and Land Mortgage Co. Ltd.,1917, and Queensland 6% stock, transfer receipt, nonewith obvious damage, some pin holes etc, all very fine orthereabouts (14)

£200-250

341A group of Menzies mining companies, WesternAustralia, comprising Menzies Golden Age MineLtd., £1 shares, 189[5], red; Menzies Gold EstatesLtd., 10 shilling shares, [1898], red; Menzies PioneersLtd., £1 shares, 189[5], red; Menzies Mining &Exploration Corporation Ltd., £1 shares, 189[7],blue; Menzies United Mines Ltd., £1 shares, 189[6],red; Menzies Consolidated Gold Mines Ltd., £1shares, 189[5], brown, and Menzies “Crusoe” GoldClaims Ltd., £1 shares (2), 189[5], blue, the first withfiling hole top left, another with slight stain to left edge,otherwise generally very fine (8)

£200-250

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342Mining certificates from Western Australia, all late19th century, comprising Black Flag ConsolidatedGold Mines Ltd., £1 shares, [1896], black; Dixie GoldMining Co. Ltd., £1 shares, 18[98], red; Golden PlumConsolidated Gold Mines Ltd., £1 shares, [1897],black; Hannan’s Virginia Gold Mining andDeveloping Co. Ltd., 5 shilling shares, 189[6], black;Hawk’s View Gold Mining Co. Ltd., 189[5]; Hit orMiss Proprietary Gold Mines Ltd., 189[5]; Lake View& Boulder Junction Gold Mines Ltd., 189[6] and1[899]; London and West Australian Syndicate Ltd.,189[6]; New Flag Gold Mining Co. Ltd., [1898], andNiagara (Western Australia) Exploration and FinanceSyndicate Ltd., 189[7], the first with small tear to topedge, most with creasing and pin holes, fine to very fine(11)

£300-350

343Australian Freehold Gold Mine, 20 shares, 1852,no.674, black with heavy blue underprint, scrollworkat left, about very fine

£120-150

A company formed on the Cornish ‘Cost Book’ principlesimilar to a handful of English companies formed in1851/52. Not much is known of this company except thata group of about 50 employees of the company sailed fromBristol in the same year. In 1855 there was a Civil casebrought before the Vice Chancellors Court in Londonbecause the company were accused of ‘rigging the market’by buying their own shares to increase their value.

344Kalgoorlie Electric Tramways Ltd., £1 shares,190[6], decorative title, grey, together with otherAustralian certificates comprising TasmanianGovernment 6% Debenture, £100 sterling, 1867, no.877, ornate border, blue; South Australian LandMortgage and Agency Company Ltd., £10 shares,18[83], black; British & Australasian Trust & LoanCo. Ltd., £25 shares, 19[14], black; Gill McDowellJarrah Company, £1 ordinary shares, 19[00], blue;Outtrim, Howitt and British Consolidated Coal Co.,10 shilling shares, 190[2], blue; NorthumberlandLand and Coal Co. Ltd. NSW, £1 shares, 188[9],blue; Australasian Pacific Mail Steam Packet Co., £20share, 1852, black (this one heavily stained); Hydro-Electric Power & Metallurgical Co. Ltd., 2 pieces,ordinary shares and cumulative participatingpreference shares, 19[18] and 19[19], black and redrespectively, hole cancelled, none with obvious damageunless stated, about very fine (10)

£100-120

345North Sydney Investment and Tramway CompanyLtd., a group of 12 x 41⁄2% debentures, each for £100,Sydney 1889, large format, mauve, grey-greenunderprint, with coupons, three are toned with someedge tears, the remainder very fine and better but withminor toning (12)

£300-400

Formed in 1888 to purchase 1,000 acres of land inNorthbridge, Sydney and to build a bridge over ‘LongBay’ and a tramway to provide access to the land, theremaining land to be sold for private dwellings. Thesuspension bridge took two years and nine months tobuild at a cost of £42,000 and was opened in January1892. The span of 500 feet was considered a feat ofengineering, being the fourth largest in the world at thetime. The land however was unfit to be sold and used asintended, and the company went into liquidation. Thebridge was taken over by the Government.

346Queensland Copper Co. Ltd., a group of 10 bearercertificates for 5 preference shares of £1, 19[07],ornate border with scrollwork at corners, blue, text inEnglish and French, all with coupons, good very fine(10)

£60-80

347Southern Queensland Pastoral Co. Ltd., a group of27 7% mortgage debentures for £100, of only 400issued, large format, four pages, black, all good veryfine (27)

£200-300

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348A small group of New Zealand gold miningcompanies, comprising Blagrove’s Freehold GoldMining Co. Ltd., 2/6d shares, 1895, ornate border,blue; Kapanga Gold Mining Co. Ltd., £1 shares,189[5], blue-green; Royal Oak of Hauraki Ltd., 5shilling shares, 189[7], black on blue paper; NewZealand Mines Trust Ltd., £1 shares, 189[7], ornatetitle, blue; and Triumph (Hauraki) Gold Mines Ltd., 5shilling shares, 18[95], scrollwork at left, mauve, thelatter with a few condition problems, otherwise very fine(5)

£80-100

349A group of New Zealand gold mining companies,comprising Kapanga Gold Mining Co. Ltd., £1 shares,189[5], blue-green; Hauraki (N.Z.) Associated GoldMines Ltd., 4 shilling shares, 189[7], decorative title,green; Maoriland Gold Mines Ltd., 2/6d shares,189[6], ornate border, maroon; New Moanatairi GoldMining Co. Ltd., £1 shares, 1900, black on bluepaper; and Consolidated Gold Fields of New Zealand,4 shilling shares, 19[34], ornate border, green,generally very fine and better (5)

£80-100

350New Zealand: a group of British companies,comprising Clyde Gold Mines Ltd., £1 shares, 189[6],no.215, red; Consolidated Gold Fields of NewZealand Ltd., 4 shilling shares, 19[34] (3) and19[46], green; New Zealand Oilfields Ltd., 2 shillingshares, 19[10] (2) and 19[11], black; Achilles GoldMines Ltd., shares of 2s6d (2), both 1900, blue, andNew Zealand Midland Railway Co. Ltd., £100debentures (4), [1889], black and pink, and £12 10sdebentures (4), 1895, mauve and black, the first withtear at bottom, others with some rough edges, fine to veryfine (18)

£120-150

351New Zealand Midland Railway Company, pair of5% First Mortgage debentures for £100, [1889],no.A1683 and A1684, of only 265 issued, largeformat, ornate border, black with mauve underprint,with coupons, both very fine

£60-80

352New Zealand Midland Railway Co. Ltd., a group of11 First Mortgage debentures for £100, [1889], ofonly 265 issued, ornate border in black, pinkunderprint with £100 in centre, all with coupons,generally very fine (11)

£80-100

Incorporated in 1885 with a managing committee inLondon, to build a 235 mile line from Christchurch toNelson, contracted with Government and planned costof £2.5m. Lack of funds saw works cease in 1895, and theGovernment seized the company’s assets, the line latercompleted by the Public Works Department in 1898.

353New Zealand Midland Railway Co. Ltd., a group ofFirst Mortgage debentures, £100, 1889, no.A1690,one of only 265 issued, and £100 and £12 10shillings, 1895, no.F249 and D117, all with ornateborder, brown, mauve and pink respectively, all withcoupons, very fine (3)

£60-80

354New Zealand Midland Railway Co. Ltd., a trio ofdebentures, £100 and £12 10 shillings, 1895,no.F250 and D118, and £100, 1889, no.A1692, allwith ornate border, brown, mauve and pinkrespectively, all with coupons, very fine (3)

£60-80

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355New Zealand Midland Railway Co. Ltd., a trio ofdebentures, £100 and £12 10 shillings, 1895,no.F251 and D2361, and £100, 1889, no.A1691, allwith ornate border, brown, mauve and pinkrespectively, all with coupons, very fine (3)

£60-80

356New Zealand Midland Railway Co. Ltd., a group of16 First Mortgage debentures for £12 10 shillings,1895, various numbers, series D, ornate border, black,mauve underprint with £12:10 in centre, all withcoupons, a few with minor edge tears, generally veryfine (16)

£100-120

357Blagrove’s Freehold Gold Mining Co. Ltd., a trioof certificates for 2/6d shares, the first 2/3d part paid,189[9], fully paid, 189[6], and 1/6d part paid, 1895,ornate border and decorative title, scrollwork at left,red, blue-grey, and blue respectively, very fine (3)

£60-80

Formed to acquire 126 acre property at Coromandel.

358New Zealand Manganese Mines Ltd., warrant tobearer for £1 shares, 1875, no.36, ornate border andscrollwork at left, blue and black, some heavy creasingbut better than very fine

£80-100

359Progress Mines of New Zealand Ltd., threecertificates for £1 shares, fully paid up, the first withcapital of £250,000, 1[901], the second overprinted£275,000, 1[901], and the last printed £275,000,190[5], decorative title and company seal to left, bluewith pale green underprint, fine to very fine (3)

£60-80

360Royal Oak of Hauraki Ltd., 5 shilling shares,189[6], black printing on green paper, together withother New Zealand Mining companies comprisingNorth Lachlan Gold Mining Co. Ltd., over stampedfrom ‘Hauraki’, 2/6 shares, 18[96], black on buffpaper, and London & New Zealand Exploration Co.Ltd., £1 shares, two examples both [1896], scrollworkto left, blue-black, all issued to the Earl of Norbury,light folds, small pin holes on all, very fine (4)

£80-100

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361Canada: A group of 9 mining certificates,comprising Nip and Tuck Gold Hydraulic Mining Co.Ltd., Wild Horse Creek, B.C., $5 shares, 189[6] (2examples), ornate border, embossed gold seal atbottom left; Cariboo Consolidated Mining & MillingCo. Ltd., $1 shares, 1[900], mine shaft, steam trainand ship at top, black; Boston Creek Mining Co. Ltd.,$1 shares, [1917], ornate border, orange; ArgonautConsolidated Mines Ltd., $1 shares, [1927], miners attop, brown and black; Laval-Quebec Mines Ltd., $1shares, [1926], miners at top, blue; Ribble Mines Ltd.,$1 shares, 19[22], green; Buffalo Mines Ltd., $1shares, [1908], brown, and Lorrain Trout Lake MinesLtd., $1 shares, 19[23], brown, all issued to the Earlof Norbury, all with light folds, but very finethroughout (9)

£60-80

362A small collection of Klondyke certificates,comprising; Quartz Creek (Yukon) Syndicate Ltd., £1shares, 190[1], no.95, blue; Klondyke Mining,Trading and Transport Corporation Ltd., £1 shares,189[8], no.237, brown and black; Klondyke DomeMining Company Ltd., £1 shares, [1899], black (3);Dome (Yukon) Gold Mining Co. Ltd., £1 shares,1[900], no.543, black, and Klondyke GovernmentConcession Ltd., £1 priority shares, [1918], brownand pale green, the last with top left corner missingotherwise very fine (7)

£120-150

363A lovely collection of Mining certificates fromBritish Columbia, comprising; Portland (Rossland)Mine Ltd., £1 shares, 189[9], red and black withgreen underprint; British Columbia Gold DiscoveryCo. Ltd., ordinary shares, 189[7], blue; First NewB.C. Goldfield, Canada Ltd., 2 shilling shares, 19[15],green; New Goldfields of British Columbia Ltd.,190[0] (2), Ymir Gold Mines Ltd., 190[8] (2), andHall Mining & Smelting Company Ltd., 17/- paid,1900 (3) and fully paid, 1900 (1), generally very fine(11)

£120-150

364A very large and varied collection of Canadianmining, oil, land and investment and othercertificates, dates mostly early 20th century, a fewearlier, some quantities, including; Nova Scotia Landand Gold Crushing and Amalgamating Co. Ltd., £2shares, 1863; Canadian Oil Works Corporation Ltd.,£25 shares, 1871; Scottish Provincial Investment Co.Ltd. Regina, Canada, [1921] and [1922]; AngloCanadian Finance Co. Ltd., 19[13]; Ominium OilDevelopment Co. Ltd., 19[33]; NewfoundlandOilfields Ltd., 19[25]; Newfoundland & GeneralOilfields Ltd., [1922]; British Canadian LumberCorporation Ltd., 19[11]; British Estates Ltd.,19[15]; Canadian Leasehold Syndicate Ltd., [1918];Port Arthur Lands Ltd., 19[23]; Seafield InvestmentCo. Ltd., 191[2]; Southern Ontario Land Co. Ltd.,191[3], and Forest Mills of British Columbia Ltd.,1913, generally about very fine throughout (140)

£250-300

365Fraudulent Claim of Hereditary Lands of NovaScotia, ‘Breviate and proposal on behalf of the Heirsof Line of Sir William Alexander, Baronet & c.’, circa1840, a 4 page document discussing the history of theclaim with a reproduction of a £20 note on the reverse,decorative piece with Royal Coat of Arms and Arms ofthe Alexander’s of Menstrie, black printing, very fineand very rare

£80-100

Alexander Humphrys claimed he was the descendant ofSir William Alexander of Menstrie who was granted alarge part of Nova Scotia in Canada by King Charles Iin the 1630’s. These shares were floated to finance thisfraudulent claim, falsely involving the Bank of Scotland.

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366Fraudulent Claim of Hereditary Lands of NovaScotia, un-issued bearer certificate for £20, 184[-],decorative piece with Royal Coat of Arms and Arms ofthe Alexander’s of Menstrie, black printing, extremelyfine

£100-120

367Fraudulent Claim of Hereditary Lands of NovaScotia, un-issued bearer certificate for £50, 184[-],decorative piece with Royal Coat of Arms and Arms ofthe Alexander’s of Menstrie, black printing, weakenedby some water damage, very fine

£80-100

368Fraudulent Claim of Hereditary Lands of NovaScotia, un-issued bearer certificate for £100, 184[-],decorative piece with Royal Coat of Arms and Arms ofthe Alexander’s of Menstrie, black printing, extremelyfine

£100-120

369Fraudulent Claim of Hereditary Lands of NovaScotia, un-issued bearer certificates for £20, £50 and£100, all 184[-], decorative pieces with Royal Coat ofArms and Arms of the Alexander’s of Menstrie, blackprinting, the £50 weakened by water damage otherwiseextremely fine (3)

£200-300

370Montreal Board of Trade, un-issued 5% secondmortgage bond for $500, 1892, no.197, vignette ofships with Montreal behind, and company building attop, ornate border, blue and black, small holecancelled, extremely fine

£60-80

371Levis and Kennebec Railway Company, Quebec,7% Sterling Debenture for £100, 18[76], no.2976,vignette of steam train, black, heavy ornate blueunderprint, red paper seal, with coupons, aboutextremely fine

£80-100

372Toronto, Hamilton and Buffalo Railway Co., a lotof 95 registered mortgage gold bonds for $1000,unissued, circa 1916, but with hand signature of thePresident, steam train at top, brown and black, holecancelled, all low numbers between M2 and M100,generally about extremely fine (95)

£250-300

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373Upper Columbia Navigation & Tramway Co. Ltd.,Golden, British Columbia, group of 5 certificates for$100 shares, all 189[1], no.24-28, issued to the Earlof Norbury, scrollwork at left, black printing,embossed seal at bottom left, all have several verticalcreases and pin holes at top, otherwise good very fine (5)

£80-100

374British North American Tobacco Co. Ltd., a groupof 15 certificates for 10 shares of $5 each, 19[12],ornate border, black, green and peach underprint,printed by Waterlow, Bros & Layton, with coupons,very fine and better (15)

£80-100

375Ford Motor Company of Canada Ltd., 5 shares ofCapital Stock, fully paid up, Ontario 190[4], no.11,signed by G.M. McGregor as Secretary and JohnD. Gray as President, ornate border, black, redembossed seal at bottom, cancelled, counterfoil regluedat left, very fine

£200-300

Founded by Gordon McGregor to manufacture and sellFord automobiles in Canada and the British Empire.The company gained the Ford patents and sellingprivileges to all of the British Empire except GreatBritain and Ireland, and remained a separate companyto the Ford Motor Company, later establishing FordMotor Company’s of Southern Africa, Australia, NewZealand, and Ford India Private Ltd. The Ford MotorCompany took majority control in the 1950’s andacquired the remaining company shares in 2004.

376Kindersley (Saskatchewan) Farm Lands Ltd., agroup of 3 certificates comprising 5 shares of $100,[1912], no.B0087, ornate border, red; registered firstmortgage debentures for £100 and £50, 1912,no’s.B0853 and C0010, large format pieces, mauveand green respectively, only 20 of the £50 issued, veryfine to extremely fine (3)

£60-80

377London and British Columbia Goldfields Ltd., £1shares, 19[03], no.33, vignette of miners withhydraulic hoses and picks, red, together with othercertificates from Canada and the U.S.A (7), includingBritish America Corporation Ltd., 1899 and London& Globe Finance Corporation Ltd., 1899, both withfacsimile signature of Whitaker Wright; MontrealCobalt Mining Co. Ltd., 1907; Pioneer MiningCompany of Seattle, 1903, and others (3), fine to veryfine (8)

£80-100

378Northern Light, Power & Coal Co. Ltd., a groupof 10 First Mortgage 5% 20-year Gold Bonds for$1000, 1909, large format pieces with lovely vignetteof the City of Ottawa depicting river, shipping,factories and mountains in the background, green andblack, with coupons, printed by Waterlow & Sons,Ltd., about extremely fine (10)

£100-120

379Spanish River Pulp and Paper Mills Ltd., a groupof 9 specimen 6% ‘A’ debentures for £1000, £500,£110, £100, £22, £20, £10 and £1 (2) from theBradbury, Wilkinson & Co. archive, ornate borders,mauve, brown, green, brown, grey, orange and blue,all with coupons, small hole cancels in signature area,generally extremely fine (9)

£80-100

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380An interesting and very early manuscript paymentorder dated 1588, authorising the expenditure of£147 from the privy purse for ‘special causes’ in theservice of the Queen, signed by Sir Edward Staffordand Sir Francis Walsingham, some amateur repairs,fine and rare

£500-600

Sir Francis Walsingham (1532 - 1590), statesman andpolitician. Ambassador to Paris from 1570, Principalsecretary to the Queen from 1573. Best remembered asher ‘spymaster’. Sir Edward Stafford (1552-1605), adiplomat and son of Lady Dorothy Stafford; friend andMistress of the Robes to Queen Elizabeth. Staffordsecured his first royal appointment in 1578 and was sentto Catherine de Medici to negotiate a union betweenQueen Elizabeth and the Duke of Anjou. He wasknighted in 1583 and became ambassador at Paris until1590.

381A Very Early Obligation Bond of 1599, manuscriptdocument written in English for a Loan of £10,mention of names in Barwick in Elmet (near Leeds)and other areas of Yorkshire, signed by Edward RobertNoye, some ink damage/small holes throughout text,very fine and rare early date

£120-150

382An interesting handwritten Payment document,January 1616, appointing George Sturgis to receivemoney for the repairs to Henley Park in Oxfordshire,signed ‘Montgomery’, with added instruction to MrBingley to draw an order of Payment on theExchequer, signed by Fulke Greville, and furtheradded note from Mr. Bingley, an Exchequer officialinstructing the payment to be made ‘as his honourrequires’, red wax seal of Earl of Montgomery, 4pages, small format, some damp damage at top edge,fine

£150-200

Herbert Philip, Earl of Montgomery and 4th Earl ofPembroke, a favourite of James I, High Steward forOxford; Took a keen interest in several joint stockcompanies and served on the Council of the VirginiaCompany in 1612; was one of the original incorporatorsof the Northwest Passage Company in 1612; and becamea member of the East India Company in 1614. Sir FulkeGreville (1554-1628), Chancellor of the Exchequer from1614. Created Lord Brooke in 1621.

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383Scottish ‘Forced’ Loan, 1644, certificate for 600 merks(£400), ‘for raising of moneys for a present supply to thearmies sent to England and Ireland’, Edinburgh 22ndAugust 1644, signed by the Earl of Lauderdale, LordElphinston and Baron Balmerino, members of ScottishParliament, black printing, numerous other handsignatures, rough edges and some water damage at bottom,good fine and very rare. One of only two examples known

£4,000-5,000

A number of 'forced' loans were raised at this time to fund thebattles of the English Civil War. Acts were passed by both theScottish Parliament and by King Charles in 1644, using bothlaw and moral pressure to raise the funds.

Charles I fight with Scotland went back to 1633 when hedecided that the English Book of Common Prayer should beintroduced into Scotland. Feeling ran high and rioting brokeout in the main towns. In 1638 the Scottish Assembly drew upa National Covenant abolishing the Book of Common Prayerand later also abolishing bishops. This provoked Militaryaction by the English but in 1640 the Scottish Covenantersinvaded England and gained the upper hand. When Scottishnobles joined with the English against the Covenanters a trucewas drawn up. Soon afterwards the King declared war on theEnglish Parliament who in 1643 made an alliance with theCovenanters. The Covenanters again invaded England in1644 to join with the Parliamentarians and it is this loanthat was used to pay for the troops. The certificate states thatinterest was to be paid but does not state the rate and alsopromises to pay the principal from excise duties raised inEngland.

John Maitland, 1st Earl of Lauderdale, Viscount ofLauderdale, Viscount Maitland, and Lord Thirlestaneand Boltoun, (died January 1645). President of the ScottishParliament as well as the Privy Council, sided with theParliamentarian cause during the Civil War.

Alexander Elphinstone, 5th Lord Elphinstone (1577-1648).

John Elphinstone, 2nd Lord Balmerino (? - 1649).Sentenced to death in 1634 for libel against the crown butreleased after serving just over a year in prison.

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384Instruction to draw an Order of Payment, 1662,addressed to Sir Robert Long at the Exchequer, forpayment of an allowance to Sir George Downing as‘envoy extrordinary’, signed by the Earl ofSouthampton, torn with some paper loss at the rightaffecting the text and Southampton’s signature, fineand interesting

£80-100

Sir George Downing (1623 - 1684), Secretary of theTreasury. Knighted in 1660. Created a Baronet in1663. Responsible, with others, for the acquisition of NewYork from the Dutch. Downng Street in London isnamed after him.

385Exchequer Vellum Tally, document for two amountsof £13 and £6, 1665, made out to Jeremiah Snow,manuscript on vellum, signed by one of the four tellersof the Exchequer, very fine and scarce

£200-250

Jeremiah Snow was a Goldsmith banker trading in TheStrand in 1660. Like many in his trade, he lent moneyto the Exchequer so when Charles II put a stop in theExchequer he lost almost £60,000. He later received abond from the King granting him an annuity of £3,58617s repesenting about 6%.

386A Treasury Warrant, 1685, requiring payment toEdmund Williamson, a sergeant at arms, of £50.3s.9d,by way of debentures, addressed to Sir RobertHoward, receiver general at the Exchequer, signed byLaurence Hyde, Earl of Rochester, manuscriptdocument, small corner missing, very fine

£320-380

Laurence Hyde, Ist Earl of Rochester (1641 - 1711),Statesman and writer. Master of the Robes, 1662 - 1675,Ambassador to Poland, then Vienna. First Lord of theTreasury from 1679. Lord Lieutant of Ireland until1703.

387Exchequer receipt, 169[2], for the sum of £15, being6 months interest on a £500 loan to the Exchequer for‘an Act for granting to their Majesties a subsidie oftonnage and poundage, and other sums of money payableupon merchandises exported and imported’, signed byHugh Boscawen (1625-1701), MP for Cornwall,printed document with manuscript insertions, black,edges trimmed as usual with these pieces, fine

£80-100

388An early handwritten account of John BrownSmith for services rendered, 1698, to the Town ofLinlithgow, for a total of £19 15s 6d, approved on thereverse by Walter Stewart, Provost of the town andreceipted by John Brown, together with and earlyreceipt, 1695, from William Hamilton of £53 2s 6d forone quarters pension due to him, addressed to theTally Court, both neatly mounted and written up, fineand scarce early dates

£60-80

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389A Handwritten Order of Payment, 1706,authorising the amount of £375 to be paid to Thomas,Earl of Pembroke and Montgomery, being onequarters salary for his position as Presidnent of thePrivy Council, signed by Sidney Godolphin andHenry Boyle, and on the reverse by the Earl ofPembroke and 3 witnesses, including SirConstantine Phipps, bottom piece removed but notaffecting signatures, neatly writtem up and mountedfor display (2)

£100-120

Thomas Herbert, 8th Earl of Pembroke and 5th Earl ofMontgomery (1656 - 1733), First Lord of the Admiralty,1690 - 1692; Lord Privy Seal until 1699, Lord HighAdmiral on two occasions; Lord President of the Counciland Lord Lieutenant of Ireland; President of the RoyalSociety in 1689 and1690. Sidney Godolphin, 1st Earl ofGodolphin (1645 - 1712); Privy Councillor andSecretary of State for the Northern Department; FirstLord of the Treasury. He was instrumental innegotiating and passing the Acts of Union 1707 withScotland, which created the Kingdom of Great Britain.Henry Boyle, 1st Baron Carleton (1669 - 1725), Anglo-Irish politician; Lord of the Treasury in 1699 andChancellor of the Exchequer of England in 1701. SirConstantine Henry Phipps (1656 - 1723), English-bornlawyer and Lord Chancellor of Ireland.

390An interesting sheet of Account, 1708, a handrittensheet, folio, listing amounts of capital and interest lentto the Government by Edward Russell Esq. in 1696and 1697, signed by the Earl of Halifax, torn in halfand neatly repaired, some discolouration, fine

£60-80

Edward Russell, 1st Earl of Orford (1653 - 1727),younger son of the 4th Earl of Bedford, a naval captainat an early age, later becoming Admiral of the Fleet,then First Lord of the Admiraly in 1694. Created BaronShingay, Viscount Barfleur, and Earl of Orford in1697. Charles Montague, Earl of Halifax (1661 -1715), Chancellor of the Exchequer, 1694 - 1699, FirstLord of the Treasury, 1714.

391An interesting handwritten payment order dated1715, authorising payment to ‘John Earle of Stairs’,gentleman of the Bedchamber, of £250 being onequarter of a year on his annuity, signed by RichardOnslow and Edward Wortley, Roger Mostyn isinstructed to make the payment a few days later and heendorses the document accordingly, some edge splitsand some foxing, good fine

£120-150

John Dalrymple, 1673-1747, 2nd Earl of Stair from1707. He held position of British ambassador in Parisfrom 1715 to 1720.

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392Order of Payment, 1721, instructing the Treasury topay £17 5s to Henry, Earl of Rochester, as ‘ranger orkeeper of the of His Majesties Park called New Park atRichmond, to disburse to staff listed in the document,signed by Charles Turner, R. Edgecombe andHenry Pelham and examined by Lord Onslow.Signed by Rochester on the reverse, handwritten,folio, trimmed at top, bottom and left, inkcancellation, fine

£80-100

Sir Charles Turner (1666 - 1738), 1st baronet, Teller ofthe Exchequer. Richard Edgecumbe, Lord of theTreasury. Henry Pelham (1694 - 1754), Lord of theTreasury, Chancellor of the Exchequer and in 1743became Prime Minister. Henry Hyde, 4th Earl ofClarendon and 2nd Earl of Rochester (1672 - 1753),MP for Launceston, appointed to the Privy Council in1710.

392AOrder of Payment, 1724, authorising payment of£620 to William, Earl of Cadogan, Master of HisMajesty’s Robes, signed and receipted on the reverseby the Earl of Cadogan, handwritten, trimmed atbottom and right removing all treasury officialssignatures, fine

£80-100

William Cadogan, First Earl of Cadogan (1675 -1726), successful military career, serving withMarlborough as quartermaster General. Colonel ofCadogan’s Horse. Full general in 1717. Created EarlCadogan in 1718. Commander in Chief of the Army in1722. Served as Master of the Robes from 1714 until hisdeath.

393Exchequer receipt, 1724, for the sum of £312 14s8d, part of an Order of Payment dated 1714 in thesum of £30,000 for the payment of her late MajestysHousehold, signed by Baron Samuel Masham,handwritten, folio, some repairs and small piecesmissing, fair

£60-80

Baron Samuel Masham (1678/9 - 1758), BrigadierGeneral in 1710; Cofferer to the Royal Household in1711. Created a perr in 1712. Rememberance of theExcheuqer in 1716.

394Payment order dated 1725, for a payment of £200to ‘George, Earl of Halifax’, this being his annualallowance for ‘extraordinary business’, signed by SirRobert Walpole, manuscript document, ink strikethrough main text, splitting on centre fold, edgeschipped, fine

£120-150

Sir Robert Walpole, 1676-1745, 1st Earl of Orford, andthe first and longest serving Prime Minister of GreatBritain.

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395Order of Payment, 1729, authorising one quartersannual salary of £500 to Charles Churchill as ‘one ofthe Grooms of his Ma(jesty)s Bed Chamber’, signedand receipted on the reverse by Churchill,handwritten, trimmed on all sides removing all treasuryofficials signatures, fine

£80-100

Charles Churchill (1679 - 1745), illegitimate son ofGeneral Charles Churchill, brother of the Duke ofMarlborough. Followed a military carreer, ADC to hisfather at the battle of Blenheim. Lt General by 1739.Groom of the Bedchamber to George II.

396A fine Exchequer Order of Payment, 1731,manuscript document for £462.10s, made out to andsigned on reverse by the Secretary of State, LordHarrington, being 3 months of his annual salary,signed by George Dodington William Clayton andWilliam Yonge as Commissioners of the Treasury andLord Halifax as Auditor of the Exchequer, somediscolouration and edge damage, but complete and rarethus

£220-250

William Stanhope, 1st Earl of Harrington, PC(c.1683 - 1756), statesman and diplomat. Ambassadorto Spain, 1720 - 1727, Northern Secretary, 1730 - 1742and again 1744 -1746, Lord President of the Counciland Lord Lieutenant of Ireland until 1751. GeorgeMontagu, 1st Earl of Halifax (1684 - 1739), MP forNorthampton, Auditor of the Excheuqer from 1714,Privy Councillor from 1717 and Lord Justice from 1720.George Bubb Dodington, 1st Baron Melcombe PC (1691- 1762) William Clayton, 1st Baron Sundon (1671 -1752) Sir William Yonge, 4th Baronet KCB FRS (ca.1693 - 1755)

397Certificate of appointment of [James Gee] toReceiver General for the County of York, issuedunder an Act ‘for Granting an Aid to His Majesty by aLand Tax’ for 1739, signed by Sir Robert Walpole,Lord Sundon and Thomas Winnington as Lords ofthe Treasury, a printed document, on vellum,manuscript insertions, impressed duty stamps, vellumdiscoloured, fine and rare

£200-300

This appointment entitled James Gee to collect all thetaxes required under the Act within the county andremit the same to the Treasury in London.

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397

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398Exchequer Bill 1745, £100 bill, raised by the Act forGranting the duties on Malt etc., no.605, black onbuff paper, scrollwork at right, date not completed andnot registered by an Exchequer clerk, good very fine

£300-400

399A Treasury Warrant, 1762, requesting, on behalf ofthe Commissioners of H.M. Customs, Walter Irelandbe appointed a ‘tidesman’, in place of FrancisFarquhar, deceased, at Borrowstoness in Scotland,signed by three of the commissioners, with approvaland warrant of the Treasury underneath, signed byPelham-Holles, Ist Duke of Newcastle underLyme, William Barrington, 2nd ViscountBarrington and James Oswald, fine

£80-100

Thomas Pelham-Holles (1693 - 1768), Statesman.Prime Minister for two terms. William, 2nd ViscountBarrington (1717 - 1793), Chancellor of the Exchequerin 1761-62. James Oswald (1715 - 1769), MP. Lord ofthe Treasury.

400A Power of Attorney, 1786, registering that ThomasCoutts, banker, will receive and disburse monies onbehalf of ‘Lord Viscount Dalrymple’ whilst hecontinues his post as Envoy Extraordinary andMinister Plenipotentiary to the King of Prussia, signedby Dalrymple and witnesses, red wax seal, fine

£60-80

John Dalrymple, 6th Earl of Stair (1749 - 1821) Ascaptain served in the American War of Independence.Appointed minister plenipotentiary to Poland, 1782 andBerlin 1785 until 1788.

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399

400

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401Tontine Annuity 1789, 1st Class, a vellumcertificate for £100 and 5 shillings, 1790, in the nameof the Zachary Bayley, paying an annual annuity of £43s- with the benefit of survivorship, black printing, onvellum, with receipts to 1831, some on attachedvellum sheets sewn at the base, dirty surface, creased,fine and very rare

£200-300

402Five per Cent. Annuities, Consolidated July 6th1785, inscribed stock receipt, dated 1791, blackprinting, bottom right corner missing due to the usualspiking, very fine and scarce

£150-200

403A payment order dated 1793, addressed to BrookWatson, Commissary General asking him to pay theQuarter Masters of various regiments sums of moneyfor Spirits for soldiers, signed on behalf of FrederickDuke of York by his secretary, handwritten, folio,sadly the page listing the regiments is no longer‘annexed’, some toning and repair, fine

£60-80

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402

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404An Important Royal Warrant, 1794, instructingpayment of £381.12s.3d to Lieutenant GeneralWilliam Picton, for costs relating to the establishmentof the 12th Regiment of Foot, signed by KingGeorge III at the top, also signed by Sir GeorgeYonge, slightly brittle but a fine signature of the King

£800-1,000

The 12th Regiment of Foot (Suffolk regiment, arrived inMadas in 1797 and took part in the famous battleof Seringapatam in 1799. They remained in indiauntil 1810. Sir George Yonge, 5th Baronet, KCB, PC(1731 - 1812), Secretary at War (1782 - 1783 and1793 - 1794). General Picton became well known for hispart in the Siege of Gibraltar in 1782.

405Four per Cent Annuities, Consolidated April 6th1780, inscribed stock receipt, dated 179[7], blackprinting, bottom right corner missing but has been neatlyrepaired, very fine

£150-200

406Consolidated £3 per Cent. Annuities, inscribedstock receipt dated 179[7], black printing, bottom leftcorner missing from spiking, very fine

£100-150

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407A nice collection of inscribed stock receipts,comprising Consolidated £3 per Cent. Annuities,180[4]; Reduced £3 per Cent. Annuities, 180[7];Navy Five per Cent. Annuities, 181[8]; Four per Cent.Annuities, 182[1]; New Four per Cent. Annuities,182[8]; New £3. 10s per Cent. Annuities, 183[1];Consolidated Long Annuities, for Eighty Years,18[39]; Three Pounds Ten Shillings per Cent.reduced Annuities, 184[3], and, £3:5s per Cent.Annuities, 184[7], generally printed in black or red &black but the second from last in blue, the last twowithout missing corners otherwise small pieces missing asusual from spiking, generally very fine (9)

£100-120

408Exchequer Bill, 1811, £100, paying two pencehalfpenny interest per day, no.19 signed ‘Grenville’,brown print, scrollwork at each side, stamped Bank ofEngland vertically on face as payees, embossed seal toright, repaired punch hole in centre, otherwise extremelyfine

£300-400

409Pay Warrant, 1818, a receipt for 61 days pay forLieut General Lowry Cole and two Aides de Campserving on the Continent, £289 4s 10d, according toa warrant issued by the Duke of Wellington, signed byGeneral Lowry Cole, a printed form for ‘Staff on theContinent’ with manuscript insertions, some toning,very fine

£60-80

Sir Galbraith Lowry Cole, GCB (1772 - 1842 ), Cornetin 1787, and served in the West Indies, Ireland, andEgypt. Served as Brigadier General in Sicily andcommanded the 1st Brigade at the Battle of Maida in1806. Major-General in 1806, Lieutenant-General in1813 and full General in 1830; received the Army GoldCross with four clasps. Knight Grand Cross, Order of theBath on 2 January 1815. Member of Parliament forEnniskillen from 1797 to 1800, and representedFermanagh in 1803. Governor of Mauritius from 1823to 1828. Governor of the Cape Colony 1828 to 1833.

410Equivalent Company, a dividend warrant for the228th dividend being 1⁄2 per cent on £2000 of capitalstock, 6th July 1819, payable at the Bank of England,issued to and signed by William Kops Coussmaker,small format, black, printed in London, single punchhole top left, ink cancel at top, very fine and the onlytype of paper seen of this important company

£100-120

The Equivalent Company was the parent and founder ofthe Royal Bank of Scotland. It was formed by Act ofParliament in 1724 to incorporate the holders of´Equivalent Debentures´, these being 5% bonds ofuncertain redemption date issued to unlucky creditors ofthe Scottish national debt (soldiers, tradesmen etc) forwhom there was insufficient cash in the ´EquivalentFund´ created by England under the 1707 Act of Union.The Fund was granted to Scotland by the EnglishParliament and was intended to be ´equivalent´ to theadditional duties the Scots were expected to pay as aresult of the Union. The company´s authorised capitalwas the exact amount of the debentures - £248,550.0s.91⁄2d. In 1727 the company obtained a Scottishcharter to create a bank for banking in Scotland only(thus evading the Bank of England´s monopoly) with aninitial capital of £111,000. This was the Royal Bank ofScotland. After this the Equivalent Company continuedin existence in London, paying regular dividends, weassume with those shareholders who had chosen not toconvert their shares into the Royal Bank. In 1835 thecompany distributed its Equivalent Stock to itsshareholders.

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411War Loan, £4 10s per Cent, redeemable 1925-1945, a bond for £5 dated October 1915, no.107,facsimile signature of John Bradbury as secretaryof the Treasury, coat of arms at top, red, withcoupons from 1926, folds, about very fine andextremely rare

£600-800

Bearer bonds from British Government Loans areexceptionally rare as they are usually represented byinscribed stock certificates. These could be exchanged forbearer bonds at the holders request. We have seen ahandful of cancelled bonds of other loans but nothingfrom this particular loan and this example has not beencancelled in any way.

412Anglo-French 15-25 Year 41⁄2% External Loan, aspecimen bond for $500 dated October 1915 andredeemable in 1940, facsimile signatures of theFrench Minister of Finance and John Bradbury,secretary to the Treasury, allegorical female on eagleat top, red and black, with coupons, printed byBradbury, Wilkinson & Co., numbered B000000 inred, crease at top right, almost extremely fine and rare

£400-500

413Anglo-French 5 Year 5% External Loan, 1915, aspecimen bond for $1000 from the American BankNote Co. archive, facsimile signature of JohnBradbury as secretary to the Treasury, Lady Justice attop with arms either side, ornate border, green andblack, small hole cancels, with coupons, good very fine

£200-300

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414Government of the United Kingdom of GreatBritain and Ireland, 2-Year 5% Secured Loan, aspecimen bond for $1000 dated September 1916,redeemable in September 1918, Britannia at top, coatof arms below, blue and black, printed by TheAmerican Bank Note Co., with coupons, overprintedSPECIMEN and numbered 00000 in red, lightdiscolouration at top right, good very fine and extremelyrare. No issued or cancelled bonds are known

£300-400

415Government of the United Kingdom of GreatBritain and Ireland, 3-Year 51⁄2% Secured Loan, aspecimen bond for $10,000 dated November 1916,redeemable in November 1919, Neptune at top left,coat of arms below, mauve and black, printed by theAmerican Bank Note Co., with coupons, overprintedSPECIMEN and numbered 00000 in red, lightdiscolouration at top right, good very fine and extremelyrare. No issued or cancelled bonds are known

£300-400

South Sea Company

416South Sea Company, Annuities, Inscribed stockcertificate for transfer of £1000, 173[8], in the nameof Cath. Ray and Mr Rich. Ray. small format, blackprinting, light stain and discolouration, fine and rare

£400-500

417South Sea Company, Annuities, Inscribed stockcertificate for transfer of £368, 173[8], in the name ofCath. Ray, Wm. and the Revd. Rich. Ray. smallformat, black printing, top left corner torn away but notaffecting the text, fine and rare

£300-400

418New South-Sea Annuities, inscribed stock receipt for£2000 of stock, London 177[1], heading and ornatedevice printed in red, remainder of text in black, smallpiece missing top left from spiking, otherwise good veryfine

£350-400

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4191914 and the Closure of the Stock Exchange anoriginal handwritten notice ‘The House will be closeduntil further notice’ etc., which was reputedly affixedto a door of the Stock Exchange in July 1914 due tothe outbreak of the First World War, signed byEdward Satterthwaite as secretary of the Committeefor General Purposes, has been mounted and now withpaper loss at top and bottom left hand corners; togetherwith 3 small receipts from the bank of Englandrelating to various Government stock transactions, aprinted yield table also for Government stock and anunissued £5 note of the Swaledale and WensleydaleBank, circa 1820, all stuck down and glazed in onelarge frame

£80-100

Miscellaneous lots420A varied collection of British companies, mainlyGas and Water, comprising Appledore Gas CompanyLtd., £5 share, 187[5]; Kineton Gas Light, Coal &Coke Co. Ltd., £2 share, 1863; Middleton andDinsdale Gas Co. Ltd., £5 share, 187[2]; Moss HallCoal Co. Ltd., £100 debenture, 198[9]; Twenty WellStone & Brick Co. Ltd., 187[1]; London, Windsor &Greenwich Hotels Co. Ltd., 186[5]; Bray,Waddington & Co. Ltd., 1865; Hartlepool Gas andWater Co., 19[20]; British Honduras Co. Ltd.,18[64]; Tattershall and Coningsby Gas and Coke Co.Ltd., 18[66]; Rossendale Union Foundry Co. Ltd.,186[1]; Brompton, Chatham, Gillingham &Rochester Water Works Co., 1883; Felted FabricDepot Ltd., 187[4], and London Monetary Advance& Life Assurance Co., 185[3], generally very fine andbetter (13)

£60-80

421A collection of British registered and a fewColonial certificates (42), including LightningAutomatic Totalisator Co. Ltd., preferred anddeferred shares, both 1930; Oliver Typewriter Co.Ltd., 1926 (2 examples); De Forest Phonofilms Ltd.,1927; Anglo-Burma Oil Co. Ltd., 1922; VenezuelaCentral Railway Co. Ltd., 1925; Ind Coope and Co.Ltd., 1899; Sun Permanent Benefit Building Society,1902; Lyceum Club (International) Ltd., 1906;Gamages (West End) Ltd., ordinary and preferenceshares, 1929, and Irish Paper Mills Co. Ltd., £100debenture, 1921, signed by E.W.Guiness, some withedge tears but many very fine (42)

£120-150

422A small collection of British Certificates (33),comprising Penryn Granite Quarries Co. Ltd., 186[6],small vignette in centre; New Consols Tin & ArsenicWorks Ltd., 1874; Minera Ragman Mining Co. Ltd.,18[63]; Morecambe (Regent Road West End) PierCo. Ltd., 189[8]; Clevedon Hotel Co. Ltd., 187[6];Llangollen Lime and Fluxing Stone Co. Ltd., 1881;Rossendale Union Foundry Co. Ltd., 186[1]; CreweCoal and Iron Co. Ltd., 186[8], and, a set of 15unissued certificates for Ardrossan Guaranteed Stockin the Glasgow and South Western Railway, 185-,attractive borders; other British railway certificates(10) and dividend documents (5), generally very fine toextremely fine (38)

£150-200

423An interesting group of British debentures,comprising P.S.Phillips Ltd., Tin plate manufacturers,£100 debentures, 1894 (7 examples); (New) SalisburyClub, 12 St. James’ Square, £10 debentures, 1888 (8examples); Williams’s Isinglass Co. Ltd., £25, 1899 (3examples); Atlantic Wharf Oil Storage Co. Ltd., £100second debentures, 1894 (7 examples); London LandAssociation Ltd., £100 debenture, 1897 (7 examples);Army and Navy Provision Market Ltd., £50, 1881 (2examples); Longton Hall Co. Ltd., £100, 1892 (2examples); Crigglestone Coal Co. Ltd., nearWakefield, £100, 1904 (5 examples); Crown Collieries(1903) Ltd., £100, 1905 (4 examples); White & PikeLtd., tinplate manufacturers, £100, 1898 (3examples); Heins & Co. Ltd., £50, 1903; GeneralAdvertiser Ltd., A and B debentures for £100, 1897and 1898; Irish Paper Mills Co. Ltd., £50 and £100,1921, printed by Waterlow, and, Sandford Pottery Co.Ltd., £250, 1947 (3 examples), generally very fine andbetter (56)

£250-300

Canals424A small collection of Canal company certificates,comprising; Bridgewater Navigation Co. Ltd.,ordinary shares, 1876, banker’s receipts for 5th and6th instalment of dividends, and letter of voluntaryliquidation; Birmingham Canal Navigations, 1 share,185[7]; Sharpness New Docks and Gloucester &Birmingham Navigation Co., ordinary consolidatedstock, 1[900]; Company of Proprietors of the OxfordCanal Navigation, £100 shares, 19[03], andStaffordshire and Worcestershire Canal Co., 41⁄2%debenture stock and consolidated stock, [1914] and[1907] respectively, a few cancelled, mostly very fine (9)

£100-120

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425Aire and Calder Navigation, Yorkshire, a group ofmanuscript documents mostly relating to theshareholding of Sir William Milner including a largeAbstract of his title going back to 1704 but probablywritten at the end of the 18th century, also transfers1805, 1806 and 1872, together with other documents(10), 1803 to 1882, most are extremely large formatdocuments, on vellum, a very interesting lot worth moreresearch, very fine and better (14)

£100-150

The Aire and Calder Navigation commenced in 1704when the two rivers were widened to connect Leeds andWakefield. It linked to Goole on the coast which acquiredthe status of official port with its own customs facilitieswhich then increased traffic considerably. Thenavigation was continually developed generally payinghandsome dividends to shareholders until competitionfrom the railways. Steam tugs were introduced in the1850’s which enabled the canal to remain profitable andto carry huge amounts of coal which it did until the1960’s and the general decline of the coal industry.Commercial traffic still uses the canal although leisureboats are now the largest users.

426Canterbury Navigation and Sandwich HarbourCompany, certificate for one share of £25, 182[6],no.516, lovely vignette of Cathedral with coats of armsin foreground, black, very light creases, good very fineand better than usual condition

£250-300

427Manchester Ship Canal Company, a specimen 31⁄2%Second Mortgage debenture for £100, 1891, from theBradbury, Wilkinson & Co. archives, large format withvignette of ship at top, ornate border, black withyellow underprint, small hole cancels, light creases atbottom right corner, otherwise good very fine

£100-120

Founded in 1882 by local industrialist DanielAdamson, the canal opened in 1894, overseen by therenowned civil engineer Thomas Walker and having costabout £15m. The canal peaked in 1958 carrying nearly20,000 tons of traffic, but declined gradually, and nowfaces a regeneration by a private company to continue itsuse.

428Manchester Ship Canal Company, 4¼% mortgagedebenture for £1000, 1952, specimen certificate fromthe Bradbury, Wilkinson & Co. archives, large formatwith ornate border and arms at top, green, small holecancels in signature area, small mark to right edge,otherwise extremely fine

£60-80

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429Company of Proprietors of the Oakham Canal, oneshare of £130, 184[7], no.379, black printing,adhesive embossed stamp at bottom right, good veryfine

£100-120

430Regents Canal Company, certificate for 1 share,1817 over 1812, no.5372, black on vellum, lightdiscolouration of the vellum but very fine and scarce

£120-150

Work began in 1812 on this canal, to be named after thePrince Regent (later George IV), and it’s course wasfrom the Thames at Limehouse, through the City and toNorth West London joining the Grand Junction Canalat Paddington.

431Company of Proprietors of the Stratford-upon-Avon Canal Navigation, bond for £400, paying a£40 annuity for works to ‘vary the course’ and ‘makea branch out of the said canal’, dated 18[15], blackprinting, stamped cancelled on face, bound togetherwith three manuscript letters regarding transfers of thebond, dated 1818, 1825 and 1816, and grant ofannuity with amendment of the amount to be paid,original date 18[15], amendment made 1874, fine butrare piece

£120-150

Formed to build and maintain a canal from the existingWorcester and Birmingham canal into Stratford-upon-Avon.

Railways432A small collection of Scottish Railways, comprising;Scottish Grand Junction Railway, 1845, £25 shares;Ayr and Maybole Junction Railway, 1854 and 1866,£10 shares, and two un-issued; Paisley Barrhead &Hurlet Railway, 184[6], £25 shares and two un-issued; Crieff and Comrie Railway Co., dividendwarrant for ordinary shares, 1895; and Edinburgh andRathgate Railway, call sheets, 1855-1858, generallyvery fine or better (14)

£80-100

433A group of Railway Certificates from Devon andCornwall, comprising; Bristol & Exeter Railway Co.,£100 share, 183[6], seal removed as cancellation; GreatWestern, Bristol & Exeter, and South Devon RailwayCompanies, joint rent charge stock, 1871; CornwallRailway, £50 shares, 1844, and two 184[6];Buckfastleigh, Totnes and South Devon Railway Co.,debenture stock, 18[76], and B debenture stock,18[81], together with four maps of the Somerset andDorset Railway Extension uniting the MidlandRailway with the London and South Western Railway,several cancelled, fine to very fine (12)

£150-180

434A nice collection of Welsh Railway Certificates(18), including; Burry Port and Gwendreath ValleyRailway Co., £100 share, 186[6]; Mid Wales RailwayCo., £10 share, 18[63]; Brecon & Merthyr TydfilJunction Railway Co., consolidated stock, 186[4], andpreference stock, 19[01]; Bala & Festiniog RailwayCo., £10 shares, 18[79], and others; Carmarthen andCardigan Railway Co.; Cambrian Railways Co., andEly Valley Railway, many cancelled, many very fine,some better (18)

£200-250

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435Abingdon Railway Co., two certificates for £10shares, 1855, no.782 and 783, decorative title andscrollwork at left, black on blue paper, both cancelled,together with; Buckinghamshire Railway Co., £500guaranteed stock, 186[1], swan in scrollwork frame attop, black; Royston & Hitchin Railway Co., un-issued£25 share, black; and Mellis & Eye Railway Co.,unissued share, black, good very fine (5)

£60-80

436Birmingham Railway Carriage and WagonCompany Ltd., certificate for ordinary stock, fullypaid, 19[44], no.1504, vignettes of passenger coachand goods wagon, black, printed by Waterlow & Sons,very fine

£60-80

437Channel Tubular Railway Preliminary CompanyLtd., certificate for 5 founders shares, no.88826-88830, London 1892, very ornate piece with vignettesaround border of English and French coast, EnglishChannel across top and ships with tube resting on theseabed at bottom, black, yellow underprint, aboutextremely fine

£80-100

438Channel Tubular Railway Preliminary CompanyLtd., certificate for 5 founders shares, London 1892,very attractive piece with vignettes around border ofEnglish and French coast, ships with tube resting onseabed, black and yellow, text in English and French,about extremely fine

£80-100

439Channel Tubular Railway Preliminary Co. Ltd., agroup of 4 certificates each for 5 shares, London 1892,lovely ornate border featuring the English Channelacross the top, and a train in the tunnel beneath shipsat the bottom, black with tan underprint, embossedcompany seal, good very fine or better (4)

£300-400

440City Railway, five shares of £50, deposit paid of £2per share, London 1836, no.484, blue print onvellum, very fine and scarce

£150-200

441Clarke, Sharp & Co. Ltd., ordinary shares of £1 and6% cumulative preference shares, both 19[27],decorative title and column with vignette of wagon atleft, blue and red respectively, together with othercarriage builders including; North of England RailwayCarriage and Iron Co. Ltd., 1866; BirminghamWagon Co. Ltd., 1861; William Barningham and Co.Ltd., 1874; Railway Electric Engineering andTelegraph Works Co. Ltd., 1865; Railways andGeneral Co. Ltd., 1890; and the North BritishLocomotive Co. Ltd., ordinary and preference stock,1957 and 1961, very fine, some better (10)

£80-100

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442East Kent Light Railways Company, £1 shares, partpaid, stamped fully paid, 191[2], Capital £240,000,no.224, vignettes of steam train and colliery buildings,dark blue, very fine

£100-120

Incorporated 1911 under Light Railways Act andpromoted by Arthur Burr who then controlled much ofthe coalfield, to develop communication between thecollieries on the Kent coalfield. Mostly built by ColonelStephens and finally opened in 1916.

443East Lancashire Railway Co., certificate for a quartershare, 1847, no.113146, blue printing with scrollworkat left, embossed seal bottom right, together with atransfer certificate for 70 quarter shares, datedDecember 1850, blue, good very fine (2)

£60-80

444East London Railway Company, £20 share, 1865,no.53159, attractive black printing, red overprint fullypaid, very fine and scarce

£60-80

Opened in 1869 initially from New Cross Gate stationto Wapping, crossing the Thames using Brunel’s tunnel.Later extended to Shoreditch. Became part of LondonUnderground in 1933 and subsequently the Overgroundnetwork.

445East London Railway Co., scrip certificate for 5shares of £20 each, 1865, no.2243, black on pinkpaper, together with Edgware, Highgate & LondonRailway Co., mortgage deed for £100, 18[65], no.57,green; West London Extension Railway Co.,mortgage deed for £1000, 18[62], no.112, mauve;and a prospectus for the City and Surrey Railway, fourpages, the mortgage bonds with stains, fine to very fine(4)

£80-100

446Great Eastern Railway Company, an interestingcollection of five pieces comprising; consolidated 4%irredeemable guaranteed stock, 18[78], no.297,decorative title and scrollwork, black; consolidated 5%extension stock no.1 guaranteed, 186[2], no.3127,black; 5% debenture stock 1867, 187[7], no.73888,fine border, red and blue; 61⁄2 % preference stock 1866,186[7], no.109, green and red; preference stock 1884,scrip allotment of 1st and 2nd issues, large format,black and blue, fine to good very fine (5)

£150-180

447Golden Valley Railway Co., 10 ordinary shares of£10, 18[90], no.581-590, scrollwork at left, green,together with more Railways from Herefordshire andShropshire including; Hereford, Ross & GloucesterRailway, £20 share, 1851; Tenbury Railway Co., £10share, 186[1]; Leominster and Bromyard Railway Co.,£10 share, 1880; Bishop’s Castle Railway Co., twomortgage deeds for £1000, 18[66]; and prospectus forthe Wye Valley Railway Co., complete with applicationform, engineers report and map, the mortgage deedswith damage on creases, otherwise very fine (7)

£100-120

448Great Western Railway Company, certificate ofquarter share of £25, 184[5], no.36622, black, redpaper seal, together with Birmingham and OxfordJunction Railway Co., mortgage deed for £2500,18[49], no.15, black on blue paper; Great EasternRailway Co., 31⁄2% preference stock, 1893, scripallotment, green, and, Railway Steel & Plant Co. Ltd.,5 shares, 187[3], black, and other British companiesincluding Ipswich Reform Club Co., 187[5]; WeyManor Golf Club Ltd., 1915; Hertford Club Ltd.,1934, and Heins & Co. Ltd., 190[3], generally veryfine, a couple slightly better (19)

£120-150

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449Hull and Selby Railway Company, a pair ofcertificates, share for £12..10, 18[45], no.10050,floral design to left, black, together with £25 (or half)share, 184[5], no.16885, shields and floral scrolls toleft, blue, both about extremely fine (2)

£60-80

The company was incorporated in 1836 and opened in1840. It was sold to the York and North Midland andthe Manchester and Leeds railway companies in 1846.

450Liverpool and Manchester Railway, £25 share,1831, no.11584, black printing on vellum, embossedred paper seal at bottom right, almost extremely fine

£200-300

The company was incorporated in 1826 with the aim ofreplacing the costly method of transportation of goodsbetween the cities, which was limited to waterways. It metwith much opposition initially and was eventuallyopened in 1834. The railway cost well over £1,000,000once finished.

451London & York Railway, £50 share, 1845, no.32,black printing on green paper, together with;Darlington and Barnard Castle Railway, £20 share,185[4], no.3111, black; Spilsby and Firsby RailwayCo., mortgage debenture for £100, 18[86], no.162,black; and Isle of Axholme, Gainsborough and GooleRailway Co (with extension to Selby), £25 shares,1845, blue, the latter with repairs, edge tears anddiscolouration, otherwise very fine (4)

£80-100

452Mersey Railway Company, consolidated ordinarystock certificate, 19[11], no.2201, scrollwork at left,black, with related paperwork, small area ofdiscolouration in centre, good very fine

£60-80

Originally incorporated as the Mersey PneumaticRailway Co. in 1866, name changed in 1868, to linkLiverpool with Birkenhead by means of a tunnel underthe River Mersey. Opened in 1886.

453Milford Haven Railway & Estate Co. Ltd., a pair ofcertificates for £1 ordinary shares and £10 6%perpetual preference shares, both 188[2], bothnumbered 257, decorative title and scrollwork at left,blue and black respectively, good very fine (2)

£80-100

Leased the tiny Milford Haven Railway and ran it as acontinuation of the Great Western Railway.

454New Romney Railway Company, £10 share,186[6], no.309, black, stamped paid in full, filingholes at top edge, together with; Stokes Bay Railway& Pier Co., mortgage deed for £500, no.5, 18[60],green; Bridport Railway Co., £10 share (2), 1855, onecancelled, and £10 preference shares, 18[61], holecancelled; and Isle of Wight Railway Co. Ltd.,specimen debenture certificate, 197[-], black and red,the 3rd and 4th with some staining, very fine and better(6)

£80-100

455North Eastern Railway, a small group of certificatescomprising; £5 share, 188[2], black, several handwritten notes on face; Berwick capital stock, £100,185[5], red on blue paper; London & North EasternRailway Co., deferred ordinary stock, 19[34], black onblue paper; hand written note from secretary’s officedated June 1856, and letter regarding consolidation ofthe preference stock dated Feb 1897, very fine (5)

£60-80

456North Western and Midland District AuxilliaryRailways Co. Ltd., £10 shares, 188[8], no.14,decorative title and scrollwork at left, black, togetherwith; Staffordshire & Shropshire Junction RailwayCo., 10 shares of £50, 1845, no.5121-5130, darkbrown print; and Rugby, Derby & ManchesterRailway, 5, 10 and 20 shares of £25, 1845, blue,maroon and dark brown respectively, all corner cutcancelled, generally very fine (5)

£80-100

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457Ravenglass & Eskdale Railway Company, 8% loan,bond for £50, 18[74], no.21, ornate border, companylogo at top, red, with coupons (detached), strikethrough cancelled faintly on face, very fine

£100-120

Incorporated in 1873 the light railway opened in 1876to passengers, continuing until 1908 when the line wasclosed. A conversion to 15 inch gauge by Bassett-Lowkeand Proctor-Mitchell in 1915 saw the line open again,and it remains a tourist attraction today.

458Sittingbourne and Sheerness Railway Co., £10share, 1861, no.12198, ornate title with company sealbelow, black, and two transfer certificates, 18[60],blue, together with London Chatham & DoverRailway Co., £10 preferred share, 1864, and mortgagedeed for £10,000, 18[86], cancelled (corner with sealremoved), very fine (5)

£80-100

459South Durham and Lancashire Union Railway,£25 share, 1857, no.9939, ornate title, black, top edgea little nibbled, together with; Darlington and BarnardCastle Railway, £20 share, 185[4], no.1687; NorthernCounties Union Railway Co., one share, 18[46], andreceipt for certificate for 17 shares dated May 1847;North Eastern Railway, receipt for certificates datedMay 1882, very fine (5)

£80-100

460Southport & Cheshire Lines Extension Railway,certificate for [£100] ordinary stock, 189[0], no.543,scrollwork at left with vignette of company sealcomprising early locomotive, black, embossed seal atbottom left, very fine

£60-80

461Vale of Neath Railway Company, £20 shares, 1846,no.5541, scrollwork at left, black on pale blue paper,red paper seal, extremely fine

£50-60

Incorporated in 1846 to run from the South WalesRailway at Neath to Merthyr Tydfil. Opened in 1851.Amalgamated with the Swansea & Neath Railway in1863.

462Whitehaven & Furness Junction Railway Co., £10preference share, 185[8], no.2108, brown, embossedseal at bottom, together with more CumbrianRailways comprising; Carlisle & Silloth Bay Railwayand Dock Co., one share, 1855, and ordinary stock,18[65]; Cockermouth, Keswick & Penrith RailwayCo., two certificates for consolidated stock, 188[3]and 18[94], these only fine and about very fine; BorderCounties Railway Co., 5 shares of £20, 185[5], andun-issued £20 shares, 186[-]; and Maryport & CarlisleRailway, un-issued certificates for ordinary stock,187[-], very fine and better unless stated (8)

£120-150

463Wiltshire Railway Co., £20 share, fully paid up,1866, no.864, decorative title and scrollwork at left,black on pink paper, together with; West SomersetMineral Railway Co., £10 share, class A, 185[7],no.1843, black; Swindon & Cheltenham ExtensionRailway Co., ordinary shares, 188[4], black with redpaper seal, cancelled; and London, Newbury and BathDirect Railway, letter advising of share allotment,dated October 1845, the third with large tear,otherwise very fine and better (4)

£80-100

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464A large group of British railway companydocuments, including share certificates, dividendforms, plans, maps and many manuscript pieces, datesfrom the 1850’s onwards, a few later in the early1900’s, railways include; Bala & Festiniog,Carmarthen and Cardigan, Brecon & Merthyr TydfilJunction, Great North of England, North British,Great Western, Edinburgh and Glasgow, Caledonianand York, Newcastle and Berwick among others, rangeof conditions from fine to very fine at best (77)

£150-200

Tramways & Buses465A group of British Tramway companies, comprisingHartlepools Steam Tramways Co. Ltd., £5 shares,188[5], ornate border, pink; Dudley &Wolverhampton Tramways Ltd., £1 shares, 189[4],blue, corner missing at bottom; South StaffordshireTramways Co., ordinary stock, 18[89], blue;Tramways Trust Co. Ltd., 18[81]; West MetropolitanTramways Co., 18[90]; North London TramwaysCo., 1888, and Ramsgate & Margate Tramways Co.,188[3], one with bottom corner missing, otherwisegenerally very fine (7)

£120-150

466Birkenhead Tramways Company, 6% preferenceshares of £10, 18[81], no.784, lovely vignette of theWoodside Ferry terminus with horse drawn tramwaiting to depart, several ships at the dockside, red,good very fine and scarce

£100-120

Formed in 1877 to purchase the existing BirkenheadStreet Railway Company founded by George F. Train.In 1878 the company took over the Hoylake andBirkenhead Tramway company but later fell intofinancial trouble as was liquidated in 1888. The linewas purchased by the Birkenhead United Tramways,Omnibus and Carriage Company.

467Gas Traction Company, Ltd., £1 shares, 189[4],no.78, lovely piece with vignette of tramcar, Britanniain scrollwork at left, blue, printed by Waterlow &Sons, good very fine

£80-100

468Metropolitan Electric Tramways Ltd., £1 deferredshares, 190[2], brown, together with other Britishcertificates including Motor Traction Co. 1905 Ltd.,190[6]; British & Benington’s Tea TradingAssociation Ltd., 189[902], attractive piece withvignette of building in centre, and SulphidesReduction (New Process) Ltd., 1899, 1903 and 1904,and others (15), several are very fine, a few better (21)

£80-100

469Metropolitan Saloon Omnibus Co. Ltd., one share,20 shillings paid, 185[7], no.1288, horse drawnomnibus in centre with passengers inside and out,black, extremely fine

£60-80

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470A group of Shipbuilding and Dry Dock companies,some decorative, comprising; Cardiff Dry DocksSyndicate, 190[3], together with letter dated 1926;Port Glasgow Shipbuilding Co. Ltd., 19[27]; Princeof Wales Dry Dock Co. Swansea Ltd., 19[44]; RapidSubmersible Ship Cleaner Co. Ltd., 19[19]; Irvine’sShip Building and Dry Docks Co. Ltd., 192[0];Palmers Shipbuilding and Iron Co. Ltd. (3);Northumberland Shipbuilding Co. Ltd. (3); MerseyDocks and Harbour Board (3); Port of LondonAuthority (2); Eltringhams Ltd., and Lamport andHolt Ltd., generally about very fine (19)

£80-100

471An interesting collection of Steam Shippingcertificates, including Steam Ship Tower Hill Co.Ltd., £100 shares, 18[81]; Great Ship Co. Ltd., £1shares, 1859; Eastern Steam Navigation Co., £20share, 185[1]; Australasian Pacific Mail Steam PacketCo., £20 share, 1852; European & American SteamShipping Co. Ltd., £9 share, 1857; Oriental InlandSteam Co., 1860; Dundee, Perth and LondonShipping Co., 18[68], 18[80] and 19[14]; Whitbyand Robin Hood’s Bay Steam Packet Co (5); StaithesShipping Co., 185[6]; Tankers Ltd., 19[28]; ElderDempster and Co. Ltd., 19[24]; Lamport and HoltLtd., 19[24], and Royal Mail Steam Packet Co.,19[23], fine to very fine (25)

£120-150

472A lovely collection of Shipping certificates, manydecorative, comprising; West Coast Shipping Co. Ltd.,190[5]; Swanston Steamship Co. Ltd., 192[4];Falconhurst Ship Co. Ltd., 188[3]; Lyndhurst ShipCo. Ltd., 188[7]; Liverpool & North Wales SteamshipCo. Ltd., 189[1]; Liverpool Barge & Coaling Co.Ltd., 19[11]; “Carpasian” Ship Co. Ltd., 190[5];“Fairfield” Steamship Co (1920) Ltd., 1920;Hazlewood Shipping Co. Ltd., 19[20]; KeighleyShipping Co. Ltd., 192[1]; Temperley SteamShipping Co. Ltd., 19[23]; Steam Ship Tower HillCo. Ltd., 18[81]; South of England Steamboat Co.Ltd., 19[05], and Keighly Steamship Co. Ltd.,19[29], a couple with filing holes and edge splitsotherwise condition generally very fine (14)

£150-200

473A useful and varied collection of ShippingCompanies, wide range of dates from 1850’s to1920’s, comprising; Great Ship Company Ltd., 1859;European & American Steam Shipping Co. Ltd.,1857; Staithes Shipping Co., 185[6]; Whitby andRobin Hood’s Bay Steam Packet Co., various pieces;Dundee, Perth and London Shipping Co., 4 pieces,dates from 18[68] to 19[24]; Cunard Steam-Ship Co.Ltd., various pieces; White Star Line Ltd., 19[28] and19[33]; Keighley Shipping Co. Ltd.; HazelwoodShipping Co. Ltd.; Anglo-Celtic Shipping Co. Ltd.,and Western Counties Shipping Co. Ltd., 4 pieces,many decorative, all very fine or thereabouts (26)

£150-200

474Cunard Steam-Ship Company Ltd., a group of 8different certificates comprising; 5% cumulativepreference stock (2), 19[17] and 19[28], red; ordinarystock (2), 19[17] and 19[40], blue; 5% cumulativepreference stock (2), 19[45] and 19[60], orange, and6% second cumulative preference stock (2), 19[24]and 19[60], brown, all with various capital structures,punch cancelled, fine to very fine (8)

£60-80

475Cunard Steam Ship Company Ltd., a group ofcertificates comprising; £1 ordinary shares, 19[18],capital £4, 500, 020 and 19[19], capital £6,000, 020,both blue; ordinary stock, 19[46], capital £8, 100,020, 19[48], capital £14, 500, 020 and 19[54],capital £15, 500,000, blue-grey; 5% cumulativepreference stock, 19[32] and 19[38], capital £8, 100,020, red, and 19[46], 19[50] and 19[60], variouscapital amounts, orange, and 6% second cumulativepreference stock, 5 pieces, dates from 19[25] to19[59] and various capital amounts, brown, allcancelled, some scarce, generally very fine (15)

£60-80

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Shipping & Shipbuilding

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476Cunard Steam Ship Company Ltd., 41⁄2% MortgageDebenture stock, certificate for [£4000], 190[9],no.1225, attractive 4 funnel steamer at top, possiblythe Lusitania, blue, together with 41⁄2% mortgagedebenture stock certificate for [£100], 19[12],no.2737, and two ordinary stock certificates, 19[48],capital £14,500,020 and 19[55], capital £15,500,000,ornate border, blue-grey and green respectively, bothstamp cancelled, light creasing on all, very fine (4)

£80-100

477Elder Dempster and Co. Ltd., £1 preference shares,19[12], no.2241, signed by Owen Phillips (laterLord Kylsant) as director, steamship in centre,green, together with another similar piece but dated19[22], no.4880, red, and Lamport and Holt Ltd., £1preference shares, 19[22], no.6417, steamship incentre, black and pink, very fine, the first rare (3)

£80-100

Owen Phillips, later Lord Kylsant. Also Chairman ofRoyal Mail Steam Packet Company from 1903. Startedrapid expansion programme, acquiring among othersWhite Star Line in 1927, which eventually led to hisdownfall and the very high profile prosecution in 1931for issuing false balance sheets.

478Orient Steam Navigation Co. Ltd., £10 5%cumulative Preference shares, 19[07], no.860, singlefunnel steamship in centre, ornate border, black,printed by Waterlow, Bros and Layton, heavy verticalcentre fold but very fine

£60-80

479Royal Mail Steam Packet Company, a group ofcertificates comprising; ordinary stock, 61⁄2%cumulative preference stock, and 5% preference stock,19[21] and 19[22], lilac, green and blue paperrespectively; later issue of same 3 denominations,dated 19[35], 19[25] and 19[29], purple, green andblue respectively, and together with White Star LineLtd., 2 certificates for 61⁄2% cumulative preferenceshares of £1, 19[28], capital £9 million and 19[32],capital £11 million, both red, all very fine (8)

£80-100

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477

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480Great Dover Street Trust, share transfer documentfor [£1000] capital stock, 18[41], black printing onthick paper, scrollwork at left, signatures of transferorand transferee, small tears on folds at right edge, toned,fine to very fine

£60-80

481Henley Bridge to Maidenhead Thicket TurnpikeRoad, a manuscript bond for £500, 1830, issuedunder Act ‘for more effectually repairing so much ofthe road’, 4 pages, signatures of 5 of the trustees,annotated with repayments of part of the principal in1840 and 1841, blind impressed duty stamp for £4,folds but very fine and scarce

£60-80

482Herne Bay Pier Co. Ltd., £5 shares, 19[03],no.2365, decorative panel to left, black, together withGreat Yarmouth Wellington Pier Co., £10 share,18[54], no.895, black, and Needles and Alum BayPier Co. Ltd., debenture for £10, 190[3], no.3, blackprinting, red revenue stamp at top left, all good veryfine (3)

£80-100

483Highgate Archway Company, £50 share, 18[10],no.317, attractive early piece with red paper sealaffixed at left, black printing on vellum, good very fineand especially nice condition for this issue

£200-250

Formed to cut a tunnel through the steep hill atHighgate, North London, which collapsed when almostcomplete, forming the present cutting. The company thenbuilt the bridge across, which was rebuilt at the turn ofthe century.

484Highgate Archway Company, certificate for one £50share, no.1831, London 18[13], attractive early piecewith orange seal at left within scrollwork, black onthick paper, good very fine

£150-200

Formed to cut a tunnel through the steep hill atHighgate, North London, which collapsed when almostcomplete, forming the present cutting. The company thenbuilt the bridge across which was rebuilt at the turn ofthe 20th century.

485Royal Terrace Pier, Gravesend, certificate no.1 for£100 paying interest at 5%, 1845, beautiful vignette ofthe pier with a paddle steamer moored at the end,black on buff paper, good very fine and rare

£300-400

Built in 1844, used by steamers from London. Nowcontrolled by the Port of London Authority.

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Bridges, Piers, Docks & Harbours

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486Southwark Bridge Company, certificate for one share,[1814], no.677, orange paper seal at left, black printing onvellum, old tape marks on reverse which are now visible fromthe front, otherwise very fine

£150-200

Built by John Rennie from cast iron, spanning 240 feet,joining London to Blackfriars. It was the largest bridge everconstructed of cast iron and it bankrupted the iron founders -Walkers of Rotherham. Replaced between 1912 and 1921 bythe present bridge.

488Strand Bridge (Waterloo Bridge), a pair of transfercertificates for Annuities, Strand dated 1814 andWaterloo dated 1818, both are printed in black, onvellum, signed by the purchaser who, in both cases, isFielder Jenkins, blue paper revenue stamps, the firstwith small split in vellum and both have mount markson the reverse, very fine (2)

£120-150

489Eddystone Lighthouse, sale of one 32nd part orshare in the lighthouse currently being built, toSamuel Hamersley, 1758, for the sum of £420 19s 7d,for a term of 99 years, a handwritten document on 4pages, signed by the transferors, Ann Hoffshleger andJohn Betagh and two witnesses to their signatures, veryfine condition

£300-400

This certificate relating to the third lighthouse to be builton the Eddystone Rocks in Devon. The first two beingdestroyed by storm and fire, the third was to beinfluential in the design of lighthouses of the future.Designed by John Smeaton it was modelled on an Oaktree, and used a concrete base (using hydraulic limewhich would set under water). It first operated in 1859,and remained until 1877 when the rocks beneath hadbecome eroded. This lighthouse was removed and rebuiltin Plymouth as a memorial, and a fourth one stands inits place today.

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487Strand Bridge Company, one share, 18[09],no.4677, attractive gold paper seal at left depicting thebridge, black printing on vellum, mount marks on thereverse otherwise very fine

£150-200

Designed by John Rennie and built between 1811 and1817. Its name was changed from Strand Bridge toWaterloo Bridge in 1816 following the defeat ofNapoleon the previous year. Opened by the Prince Regentin 1817. This structure was demolished in 1936 to makeway for the present bridge.

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490A. Darracq & Company (1905), Ltd., £1 ordinaryshares, [1906], no.690, automobile at top, ornateborder, brown/maroon, text in English and French,with coupons, pinholes and tear at top, heavy folds, fineto very fine

£100-120

The company was financed in England from 1905 to1920, cars being designed and built in France. In 1920the British firms Sunbeam and Talbot, who had mergedin 1919, joined with Darracq and became S.T.D.

491A. Darracq & Company (1905) Ltd., bearer warrantfor 5 ordinary shares of £1 each, [1906], no.1649,illustration of the Darracq Car under title, ornateborder, brown, text in English and French, withcoupons, very fine

£150-200

492Alldays & Onions Pneumatic Engineering Co.Ltd., £1 ordinary shares, 191[7], no.1341, and £1 6%cumulative and participating B preference shares,191[9], no.1124, arms at left within ornate border,blue and green respectively, both good very fine (2)

£80-100

This old Birmingham engineering companymanufactured cycles and motorcycles and produced theirfirst automobile, a small quadricycle, in 1898, followedby 7hp 4 seater model in 1900. Many more models wereproduced until the company merged in 1918 withEnfield which they had owned for some years.

493Alldays & Onions Pneumatic Engineering Co.Ltd., 41⁄2% Mortgage debenture for £100, no.310,1898, large format piece with arms at top, ornateborder, green and brown with green underprint, withcoupons, repaired edge splits but very fine

£80-100

494Lu-Mi-Num Manufacturing Co. Ltd., £1 shares,18[96], black, together with Lu-Mi Num Cycle Co.Ltd., ordinary and preference shares of £1, 18[98]and 18[99], blue and red respectively, all issued tothe Earl of Norbury, all with scrollwork at left, thefirst with tears on centre fold, otherwise light creasingbut very fine (3)

£80-100

495Singer & Co. Ltd., 2/6d ordinary shares, 190[3],no.1431, black, together with other motoring relatedcertificates comprising Universal Weldless Steel TubesCo (Ehrhardt’s Process) Ltd., 1898; Automobile Co-operative Association Ltd., 1906/09, 3 differenttypes; Motor Petrol Association Ltd., 1915 andTarless Fuel Syndicate Ltd., 1910, also includesMaskelyne British Typewriter Ltd., 1896 and NewGuadalcazar Quicksilver Mines Ltd., 1896, others (5)and a group of defence Regulation certificates, allissued to the earl of Norbury, many very fine (13+)

£60-80

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Motor Cars & Cycles

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Aviation496An interesting group of aviation companies,comprising Aircraft Manufacturing Co. Ltd.,cumulative participating ‘B’ shares of £1 each, 19[20],no.3884, green; British Aerotechnical Co. Ltd., 2shilling shares, 192[9] and another 19[30], black;Hawker Siddeley Aircraft Co. Ltd., option certificate 5shilling shares, 1938, green and black, 3 examples;Westland Aircraft Ltd., 5 shilling shares, 19[62] and19[68], and a later example for 25p shares, 1983;Fairey Company Ltd., 1960’s and two insurancecertificates, generally about very fine (12)

£80-100

497Whitehead Aircraft (1917) Limited, 1/- deferredordinary shares, 19(18), signed by John Whiteheadas director, vignette of airfield flanked by smallbiplanes, underprint of biplane below, yellow andblack, printed by Waterlow & Sons, together with anoption certificate for shares in hawker Siddeley AircraftCo. Ltd., very fine (2)

£100-120

Founded by John Whitehead in 1915 but reorganised in1917 when given a large contract to build Sopwith andFarman aircraft under licence. Liquidated in 1919when their War contracts ceased. John Whitehead mademoves in 1920 to manufacture the Whitehead-Thanetmotor car but this also came to nothing.

Banks, Insurance & Finance498British Insurance company certificates, a smallgroup, mostly late 19th century, a few 1920’s and onelater, comprising Brighton and Sussex Union FireInsurance Co. Ltd., £10 share, 18[82]; ImperialMarine Insurance Co. Ltd., £10 shares, 187[7] and187[9]; City of London Re-Insurance Co. Ltd., £1shares, 19[20]; First National Reinsurance Co. Ltd.,£1 shares, 19[20]; Traders and General InsuranceAssociation Ltd., £1 shares, 19[20]; Essex UnionInsurance Co. Ltd., 19[20]; Port of ManchesterMarine Insurance Co (1919) Ltd., 19[20];Consolidated Assurance Co. Ltd., 19[23]; MerInsurance Co. Ltd., 19[42]; Liverpool MarineInsurance Co. Ltd., 186[9]; Liverpool MortgageInsurance Co. Ltd., 18[92], and Union MarineInsurance Co. Ltd., 4 examples, generally very fine(16)

£80-100

499A good collection of Investment and Financecompanies, all different, including Stock Conversionand Investment Trust Ltd., 1 shilling shares, 18[91],brown; Thames Trust Co. Ltd., £1 shares, 19[12],blue-black; New Central Investment CorporationLtd., £1 shares, 189[8], black; Associated FinancialCorporation Ltd., 10 shilling preference shares,190[0]; British America Corporation Ltd., £1 shares,189[9]; London & Globe Finance Corporation Ltd.,£1 shares, 189[7]; Mersey Loan & Discount Co. Ltd.,£5 share, 18[70]; Northern Counties ReversionaryInterest & Investment Co. Ltd., 18[76] and 18[87];Northern Investment & Discount Co. Ltd, 1866, andothers, fine to very fine at best (15)

£80-100

500A small group of Banking companies, comprisingBank of Egypt Ltd., £25 shares, 190[2], black;Banque Continentale de Paris Ltd., £4 shares, 1903;Cheque Bank Ltd., founders shares, 189[6], and £100bond, 1876; National Bank Ltd., £5 shares (overwritten with £1), 19[50], and Anglo-South AmericanBank Ltd., £10 shares, 19[09] and another 19[34],and £1 ‘B’ shares, 19[30], all very fine or thereabouts(8)

£80-100

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501Alliance British & Foreign Life & Fire AssuranceCo., £100 shares, London 184[6], no.4729, togetherwith Alliance Marine Assurance Co., £100consolidated shares, London 18[63], no.431, bothsigned by Moses Montefiore, black and red printing,good very fine and about very fine (2)

£120-150Sir Moses Haim Montefiore, 1st Baronet, FRS(1784 -1885), financier and banker. Brother in law toNathan M Rothschild and acted as his stockbroker. Agreat philanthropist, donating huge sums to promotedevelopment of the Levant (Israel). President ofthe Board of Deputies of British Jews. Promoted manycompanies in the 1820’s notably the Alliance companiesrepresented here along with Nathan Rothschild. HighSheriff of London in 1837 and knighted in the sameyear. Created a baronet in 1846.

502British Shares Investment Corporation Ltd., agroup of specimen certificates from the Bradbury,Wilkinson & Co. archive, comprising ordinary sharewarrants (6), green; preference shares (9), blue; anddeferred shares (10), pink, all different showing thecomplete run of denominations and the numberingsequence, but the 5 and 10 ordinary shares numberedbetween A315 and A824 are missing, all with ornateborders, with coupons and counterfoil, extremely fine(25)

£120-150

503Charles Lafitte & Co. Ltd., a group of 100certificates for one £20 share, 1866, fully issued withall signatures and with embossed seal, scrollwork atleft, black, text in English and French, very fine toextremely fine (100)

£200-250

504Liverpool Colquitt Street Tontine, certificate of oneshare, 180[7], no.55 black printing, on vellum, inkcancelled, slightly yellowed vellum, good very fine

£60-80

Early life insurance piece with benefits going to the lastsurviving member.

505London City & Midland Bank Ltd, £12 shares,19[17], capital £28,200,000, together with LondonJoint City & Midland Bank Ltd., a pair ofcertificates for £2 10s shares, 19[19], capital£41,450,000, and 19[20], capital £45,200,000, allwith ornate border and arms at left, black with red sealand blue with blue seal respectively, good very fine anda scarce group (3)

£100-120

506Provident Institution for Life Insurance andAnnuities, a group of 4 certificates for one share,180[7], no.1819-1822, black printing, hand writtentransfer details at bottom left, very fine (4)

£100-150

Name changed in 1813 to Provident Life. Acquired byAlliance Insurance, now Sun Alliance.

507Provident Institution for Life Insurance andAnnuities, a group of 3 certificates for shares oforiginal capital stock, 18[47], 18[56] and 18[57],together with transfer documents, black printing, allon vellum, the first on extra large sheet showing plateimpression, first and last with ink cancellation throughsignatures, all very fine and more scarce than the paperissues of 1807 (3)

£120-150

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Mining508A small collection of British mining companies,including Brandley Mining Co. Ltd., £1 shares,188[8], no.46, black; East Pool and Agar Ltd., 5shilling shares, 19[28], and 5 shilling shares, [1931],capital amended to £300,000 from £250,000, bothred; Pearson and Knowles Coal and Iron Co. Ltd., 6%‘B’ non-cumulative preference shares of 10 shillingseach, 19[29], black, and others, some very small nicks,some with pin holes, about very fine throughout.(10)

£60-80

509Hurst’s Mines Ltd., a group of 5% debentures for£100 each (6), of only 250 issued, 1896, no’s.59-61and 151, 153 and 154, fine intricate border, blackprinting, red revenue stamps at top left, embossed sealbottom right, slightly rough edges but all better thanvery fine (6)

£80-100

Registered in 1896 to acquire leasehold Copper mines inDolgelly, North Wales. In 1898 the name was changed toGlasdir Copper Mines Ltd.

510Penryn Granite Quarries Co. Ltd., £20 share,186[6], no.432, small vignette of ship at dock, blackprinting, scrollwork at left, together with; ClevedonHotel Co. Ltd., £10 share, 187[6], black, red seal; andNidderdale Lead Mining Co. Ltd., 2 preference sharesof £1, 186[5], vignette of horse drawn goods trainsand bridge, black, very fine to extremely fine (3)

£60-80

511The Cornish Tin Mining Manual, by H. A. H.Russell, London 1907, 72 page, pocket-size volume,original cloth binding remains beneath new hardcover, scarce. The book, published by EffinghamWilson and printed by Waterlow & Sons, details 25 ofthe Tin mines still working in Cornwall at this period,fold out map at front, advertisements to the rear, finecondition

£70-90

Sport and Entertainment512A small collection of Gramophone Companies (7),comprising; Orchorsol Sound Reproduction Ltd., 1shilling shares, 1930, child’s head logo in underprint,black on yellow paper; Orchorsol Gramophones Ltd,one shilling shares, 19[29], black on blue paper;Victoria Gramophones Ltd, 1 shilling shares, 19[28],orange-brown; Duophone and Unbreakable RecordCo. Ltd., 10 shilling cumulative participatingpreference shares, 192[8], black on pink paper;Dominion Gramophone Records Ltd., 1 shillingdeferred shares, 1928, black and purple; SymphonyGramophone & Radio Co. Ltd., 2 shilling shares,19[28], black; and Worldecho Records Ltd., 2 shillingshares, 19[28], purple, generally very fine, some better(7)

£60-80

513A group of British theatre companies, early 20thcentury mainly, a few earlier, mostly share certificatesbut some debentures comprising; Theatre Royal(Peterborough) Ltd., 19[14], No. 1; TheatreSecurities Ltd., 19[28]; Tivoli, Manchester Ltd.,189[6]; Alhambra (Blackpool) Ltd., 189[9], withattractive vignette of the theatre; Palaces LiverpoolLtd., 190[2]; National Drama Company Ltd., [1900];Morecambe Theatre Company Ltd., 190[1]; LyceumTheatre Ltd., [1899]; Liverpool Repertory TheatreLtd., 1921; Lyceum Liverpool, 19[47]; LiverpoolLyceum, 1[902]; General Theatre Corporation Ltd.,19[52]; Dominion Theatre Ltd., 19[28], andAssociated County Halls & Theatres Ltd., 19[12], 2examples, fine to very fine (15)

£140-180

514An interesting collection of Cinema and Filmcompanies (25), most from the 1920’s and 30’s,some later, comprising; Bournemouth ElectricTheatre Co. Ltd., 19[17]; Western Sound CinemasLtd., 19[30]; United Electric Theatres Ltd., 19[18];Standard Kinematograph Co. Ltd., 19[26]; Record-o-Film Ltd., 19[30] (2); Leamington Picture HouseLtd., 19[21]; Irish Cinemas Ltd., 19[35]; MoviecolorLtd., 19[29]; New Era National Pictures Ltd., 19[28]and 19[30]; Picture Palace (West Bromwich) Ltd.,192[0]; Provincial Cinematograph Theatres Ltd.,192[0]; Gaumont-British Picture Corporation Ltd., 4examples; Hepworth Picture Plays (1922) Ltd.,192[3], 2 examples; Coliseum Cinema (Southport)Ltd., 19[28]; British Lion Film Corp. Ltd., 19[46]and 19[47]; British and Foreign Films Ltd., 19[28],and Whitehall Films Ltd., 192[8], 2 examples,condition ranging from fine to very fine, nothing withmajor damage (25)

£150-200

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515Alpine Sports Ltd., £1 preferred ordinary shares,19[10], no.73, signed by Sir Henry S. Lunn asdirector, ornate border, blue, edge tears but about veryfine and rare

£60-80

Sir Henry Simpson Lunn (1859-1939), founder of one ofthe UK’s largest travel agencies Lunn Poly. OrganisedEducational tours where Church leaders would meet andhis later tours to Switzerland soon became popular withBritish visitors to combine religion, health and wintersports. This company was formed in 1908 which soonopened up many new resorts in Switzerland. Foundedthe Alpine Ski Club in 1908.

516Baird Television Ltd., preferred ordinary shares of 5shillings, 19[30], no.5028, ornate border, red andblack on blue paper, together with Knudsen TelevisionSyndicate Ltd., £1 shares, 19[35], no.4, hand writtencertificate with ornate border, green and black, filingholes at left, both good very fine

£100-120

An amalgamation of Baird International Televisionand Baird Television Development in 1930. Taken overby the Gaumont British Picture Co. in 1932.

517Blackpool Gigantic Wheel Co. Ltd., £1 shares,18[96], no.313, decorative title, black, red embossedseal at bottom, good very fine

£80-100

The 220ft wheel was built in 1896 in the BlackpoolWinter Gardens, to rival the huge Blackpool Tower.Sadly it was short lived, not becoming as successful as theTower, and was demolished in 1929 by the TowerCompany who had taken over the Winter GardensCompany the year prior.

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518Bristol Institution for the Advancement of Science,Literature and the Arts, certificate for one share,1825, no.488, impressive frieze of crowned figurewith Neptune, Britannia and others at top, blackprinting on vellum, endorsements to 1855 on thereverse, very fine

£650-750

Founded in 1823, designed by Sir Charles Cockerell,later to complete the Fitzwilliam Museum inCambridge. The Institution was a predecessor of theNatural History Museums in London, Oxford andCambridge, with the discovery of the first completeplesiosaur credited to one of it’s geologists William D.Conybeare. It was taken over by the Bristol City Councilin 1894.

519Crystal Palace Company, a group of four certificatescomprising; Second (1898) Debenture Stock, no.360,scrollwork at left, black on pink paper; ordinary capital‘A’ stock of £1, 18[79], no.1992, red; and ordinarycapital ‘B’ redeemable stock of £4, 18[79], no.1792,blue, and a transfer certificate for 20 shares, 185[4],fine to very fine (4)

£120-150

520Gaumont-British Picture Corporation Ltd., 51⁄2%cumulative first preference shares of £1, 19[33], red,together with 10 shilling ordinary shares, 19[28] and19[29], the latter with capital overprinted from£2,750,000 to £3,750,000, green and black, theseprinted by Waterlow & Sons, all with ornate border,very fine (3)

£60-80

This company was the British branch of the French filmcompany Gaumont. Gained independance in 1922following Isidore Ostrer’s acquisition of the majority ofshares. The company’s Lime Grove Studios producedAlfred Hitchcock’s 1935 version of The 39 Steps, and TheLady Vanishes in 1938. Acquired by the RankOrganisation in 1941.

521Liverpool Racquet Club, certificate for one share,no.405, no date, circa 1880, small format withdecorative title, black, together with several moresport and recreation companies comprising; TootingBec Golf Co. Ltd., two certificates for A and B sharesof 1 shilling each, both 19[05], mauve and blackrespectively; Liverpool Masonic Bowling Club Ltd.,one share, 193[9], black; Handsworth Wood BowlingClub Ltd., £1 shares, 1901; Olympic Bowling ClubCo. Ltd., Walton, £1 shares, 1[905], and HorleyBowling & Sports Club Ltd., £1 shares, 19[32],generally very fine (7)

£100-120

522National Sporting Club Ltd., 6% cumulativeredeemable participating preference shares of £1,19[37], black and red, together with more sportingand associated companies comprising Trackless HareLtd., £1 ‘A’ shares, 19[27]; Harringay Arena Ltd., 5shilling shares, 19[44]; Southern Canine RacingStadium (Founders’ Syndicate) Ltd., £5 shares,19[27], with good vignette of a greyhound but sadlywith pieces missing at right side; Northolt Park Ltd.,£1 shares, 19[47]; Greyhound Investments Ltd., 1shilling shares, 19[46]; Greyhound Racing andBreeding Association Ltd. (3), 19[28], andGreyhound Racing Association Trust Ltd., 19[44] and19[56] (2), fine to very fine (12)

£80-100

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523Palace Theatre Ltd., £1 preference shares, fully paid,189[3], no.1049, signed by George de Reuter asdirector, vignette of the theatre at top, black on pinkpaper, very fine and scarce

£60-80

The theatre was commissioned by D’Oyly Carte and wasopened in 1891 as the Royal English Opera House. It stillstands, much unaltered and dominates CambridgeCircus in central London. Sold to this company in 1893as a Variety Theatre and also screened films from 1897.Had a succession of owners including, more recently,Andrew Lloyd Webber, since 1983. Les Miserables wasperformed there from 1985 to 2004. Lloyd Webber sold toNimax Theatres in 2012.

524Royal Panopticon of Science and Art, certificate forone share, 185[1], no.3989, issued to Daniel Mildred,partner in the private Bank of Mastermans in London,very ornate border with small vignettes of allegoricalfigures, names of famous scientists in medallions suchas Newton, Watt, Faraday and Davy, black, mauveembossed seal, good very fine

£80-100

A large and impressive structure in Moorish style, erectedin Leicester Square, to hold scientific exhibitions. Thebuilding opened in 1854 just before the outbreak of theCrimean War and the company failed within 2 years.Sold and turned into the Alhambra. The Odeon cinemanow stands on the site.

525Sunderland Athenaeum, certificate for one share,1843, no.91, small format piece on vellum, blackprinting, very fine

£120-150

Opened by the Literary and Philosphical Society andhoused a museum of pieces from the city’s first library.

526Sunderland Theatres Ltd., a group of 131 firstmortgage 5% debentures for £100, 1896, large format,black with red paper seal, blue cancellation throughsignatures, only 160 issued, good very fine (131)

£400-500

Registered 1895 to acquire the Avenue Theatre andTheatre Royal, Sunderland. Liquidated 1907.

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527Theatre Royal, Drury Lane, a large indenture, 1793, certifying the subscription ofHoughton James of Grosvenor Place to share no.197 in the theatre, signed by AlbanyWallis, Richard Ford and Thomas Hammersley as trustees, large folio document, onvellum, huge and impressive vignette, 5” x 14” of the new theatre at the top, a very fineand very clean clean copy

£3,500-4,000

This theatre was rebuilt on a large scale by Irish playright and poet, Richard BrinsleySheridan in 1793 and opened in 1794. The finances were divided into 300 shares. It wasburnt down in 1809 and was such a huge loss to Sheridan that the House of Commonsadjourned as a mark of sympathy. Rebuilt again by 1812 by a new joint stock company.

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528Theatre Royal, Drury Lane, certificate for 1 share,181[2], no.1086, large plan of the theatre at top left,title to right, black on thick paper, paper seal atbottom right, some surface dirt and trifolded butotherwise very fine

£200-300

The company was formed following the disastrous fire of1809 that destroyed the previous structure. The newtheatre, designed by Benjamin Wyatt opened in 1812. Arestoration project announced in 2013 by Andrew Lloyd-Webber’s Really Useful Theatres group who own thetheatre.

Commercial & Industrial

529An interesting group of Cemetery and Right ofBurial certificates, comprising; Edinburgh & LeithCemetery Co, 18[61], attractive piece with allegoricalfigures and view of cemetery at top, brown printing onblue paper; Sighthill Cemetery, 18[73], vignette ofcemetery entrance at top, black, on vellum; GartsherrieChurch, 18[47], 4 pages, black; Toxteth ParkCemetery, 187[2], black and blue print, andEdinburgh Cemetery at Warriston, 18[75], twoexamples, view over cemetery at top, black, very fine orthereabouts (6)

£80-100

530A large and varied collection of British Publishingcompanies, late 19th century to 1960’s, a few earlier,including; Hansard Publishing Union Ltd., ordinaryshares and preference shares, 1889/90; Soulby’sUlverston Advertiser Co., £10 debenture (2), 189[7];General Newspapers Ltd., £1 shares, 19[30]; DailyMail Trust Ltd., Associated Newspapers Ltd.,Cosmopolitan Publications Ltd., Phoenix Press Ltd.,News of the World Ltd., Daily Mail and General TrustLtd. (numerous), and others, some duplication, manyvery fine, some better (51)

£150-200

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531A lovely group of British water and gas companycertificates, mid 19th to very early 20th century,comprising; West Melton Water Works Co. Ltd., £1share, 18[84]; Kendal Union Gas and Water Co.,18[46] and 18[78]; Hampton Court Gas Co., £10share, 186[8]; Matlock Consumers Gas Light & CokeCo. Ltd., £1 share (6 examples), 1865-66; WarringtonGas-light & Coke Co., 18[48]; Briton Ferry Gas andCoke Consumers Co. Ltd., 186[1]; Bucks & OxonDistrict Gas & Coke Co. Ltd., 1907; Matlock BathWater Works Co., 186[7]; Shoreham and DistrictWaterworks Co., 18[70]; East London Water WorksCo., 185[8] and 18[60]; South Lincolnshire WaterCo., 19[09], and Manchester and Salford WaterWorks, transfer note dated 18[22], on vellum, fine tovery fine (20)

£150-200

532British Aluminium Company Ltd., a group ofspecimen certificates from the Bradbury, Wilkinson &Co. archives dating from the 1920’s to the 1940’scomprising; registered debenture for £100, vignette offactory at top, green and black, small hole cancel;ordinary shares, 6% cumulative preference stock, 6%cumulative preference shares and 3% mortgagedebenture stock, all with ornate border, orange,mauve, brown and blue-black respectively, some withred circular Bradbury stamp, others stamped‘specimen’, about extremely fine (5)

£80-100

533British Aluminium Company Ltd., a collection ofspecimen certificates from the Bradbury, Wilkinson &Co. archives dating from the 1920’s to the 1940’scomprising; debenture to bearer for £100, andregistered debenture for £100, both with vignette offactory, ornate border, blue & peach and greenrespectively; ordinary shares, 6% cumulative preferenceshares (2, in different colours), 6% cumulativepreference stock and 3% mortgage debenture stock, allwith ornate border, various capital amounts, somewith red circular Bradbruy stamp, others stamped‘specimen’, about extremely fine (7)

£100-120

534Carl Hentschel Ltd., 10/- ordinary shares, 19[12],no.516, signed by Carl Hentschel as director,attractive piece with vignettes in scrollwork at left ofFleet Street and the company logo, black, good veryfine and scarce

£60-80

Carl Hentschel (1864-1930), born in Poland but cameto London with his family in 1869. Set up this business in1887 producing photo engraved illustrations, acquiringfactories in Fleet Street. By 1894 the company hadbecome the largest of its kind in England and alsoclaimed to be the largest in the world. His friend JeromeK. Jerome used Hentschel as the character Harris in thenovels ‘Three Men in a Boat’ and ‘Three Men on theBrummel’.

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535Colour Snapshots (Foreign) Ltd., a group of 10certificates for 2 shilling shares with capital of£325,000, brown, and Colour Snapshots (1928)Ltd., 4 shilling shares, capital £350,000, blue (10), all19[29], ornate borders, embossed seal at bottom,generally good very fine (20)

£60-80

Set up in 1928 to provide countries of the World (exceptthe British Empire, U.S.A., Japan and China) with thefirst method of producing colour printed photographsusing a standard camera.

536Domo Remedies Ltd., three certificates, foundersshares of 1 shilling, and 7% preference shares of 4shillings, 19[37], and founders shares of 1 shilling,19[39], all issued to the Earl of Norbury, the firsttwo with simple printing, blue and red respectively,the latter with ornate border (template certificate),blue-grey, all very fine (3)

£60-80

Produced an ointment called Domolene, ‘The MiracleOintment’, a multi-purpose cream that claimed it “stopsboils, carbuncles, pimples, sores, cuts and skin troublesusually at night.”

537Eastbourne College Ltd., one ‘class A’ share, 1903,black printing on pink paper, together withEastbourne College (Incorporated), foundationcertificate allowing the holder the right to nominateone pupil for admission, 191[2], blue printing;Metropolitan Academy of Music Ltd., £1cumulative preference shares, 2 examples dated 192[2]and 192[4], ornate border, red printing, very fine, onewith tear on fold (4)

£60-80

538First Gloucestershire (Bristol) Rifles HeadQuarters Company Ltd., three certificates for £5shares, all 186[3], no.1099, 1100 and 1102,decorative title, scrollwork at left, green, embossedseal bottom right, together with related paperwork(4), light creases and negligable foxing on all, very fine(7)

£60-80

539George Lee and Sons Ltd., a group of 4% debenturebonds of £100 each, 1886, scrollwork at left, black,impressed red revenue stamp, mostly near extremelyfine (48)

£150-180

Spinners and dyers of knitted woolen goods in Wakefield,Yorkshire, established in 1830.

540Howe Machine Company S.A., 100 franc share,Brussels 1889, no.18067, the company’s Glasgowfactory at bottom, sewing machine and cyclist at leftand right, Elias Howe, the inventor, medallion at top,brown and green, with all coupons, about extremelyfine

£60-80

Elias Howe patented the lock stitch sewing machine in1846 and founded the company in 1865 with partnersthe Stockwell brothers. Expanded to offices in London,and later Scotland. Like many such businesses started tomanufacture bicycles during the boom period. Themedallion seen on the certificate was the company trademark and was embedded into every machine theyproduced.

541Humber & Goddard Ltd., a pair of certificates, £1shares, 18[96], no.2, and £1 preference shares,18[98], no.67, decorative title and scrollwork at leftside with ‘the Nelson trade mark’ inset, black and bluerespectively, both good very fine (2)

£60-80

Manufacturers of cycles under the Nelson brand atBeeston, Nottinghamshire.

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542Liverpool Hide, Skin and Fat Market Company,un-issued certificate for one share of £5, 1849, blackprinting on waxed paper, together with a certificate ofprovisional registration, January 184[9] under the Actof 1844 and a Limited Company certificate ofIncorporation, November 185[6], very fine (3)

£60-80

543Low Moor Company Ltd., a group of 20 6% FirstMortgage debentures each for £100, 1888 (11), re-issue, 1901 (1 only) and re-issue 1914 (8), largeformat pieces, black printing, 4 pages, together withRobert Heath and Low Moor Ltd., one certificatefor £1 shares, 19[21], ornate border, green, and agroup of debentures for £20 (1), £50 (3) and £100(7), all 19[20], ornate border, green, blue and brownrespectively, printed by Waterlow & Sons, 4 pages,very fine, some better (31)

£120-150

Robert Heath and Low Moor Ltd. was a combination ofRobert Heath and Sons, owners of the Norton Ironworksat Stoke-on-Trent and the Low Moor Company ofBradford, owning numerous coal and ironstone minesin Yorkshire and Staffordshire. Heath also builtnumerous steam locomotives between 1888 and 1926.Collapsed in 1928.

544Montague Burton Ltd., collection of five certificates;fully paid ordinary shares of 10 shillings (2), 19[35],black, another with print variety, 19[38], black; 7%cumulative preference shares of £1, 19[38], red andblack; 10 shilling ordinary shares, 19[50], ornateborder, black; and ‘A’ non-voting ordinary shares of10 shillings, 1957, ornate border, purple, all haveembossed seal, all cancelled, very fine (5)

£60-80

545North of England Industrial Iron & Coal Co.Ltd., a group of 17 certificates for one share of £10,first issue, [1870], scrollwork at left, black on pinkpaper, adhesive revenue stamp, printed in Wakefield,Yorkshire, very fine to extremely fine although the lastpiece has some discolouration and a tear through the seal(17)

£100-150

546Stamp Distribution Syndicate Ltd., £1 shares, fullypaid up, 189[-], no.145, decorative title andscrollwork at left, black, pin holes at top left, otherwisegood very fine

£60-80

The Stamp Distribution Syndicate, Ltd. were grantedpermission by the Postmaster General to issue stampbooklets from vending machines. Post Office recordsindicate that some 160,000 booklets were sold between2nd May and 6th August 1891. However due tonumerous technical difficulties the Postmaster Generaldecided to withdraw their permission in May 1892.

547Vickers Sons & Maxim Ltd., a specimen certificatefor 25 shares of £1, from the Bradbury, Wilkinson &Co. archive, 19[—], printer’s annotation for 1907,very attractive piece with vignettes of warship, navalgun, and field gun, green and black, stamped specimenin no. box and signature area, annotation at top left,good very fine and rare

£350-400

Formed originally in 1828 as a steel foundry, thecompany went on to produce many items for the RoyalNavy from the “Naval Construction Yard” at Barrow,having acquired The Barrow Shipbuilding Company in1897, along with the Maxim Nordenfelt Guns andAmmunitions Company. The company later moved intoproducing armaments such as the Maxim machine gun,and various aircraft for the Royal Air Force.

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548Belfast & County Down Railway Co., 3% debenturestock, 19[26], no.1818, and 19[48], no.2389, bothblue, and 4% debenture stock, 19[48], no.3428, red,all have embossed seal, good very fine (3)

£60-80

549Cork & Waterford Railway, ten shares of £25, 1845,no.18836-18845, orange-red, together with fourmore Irish Railways comprising; Waterford,Dungarvan and Lismore Railway Co., £10 shares,187[5], ornate border, lilac; Southern Railway Co.,£100 debenture B stock, [1881], black; Dublin,Wicklow and Wexford Railway Co., transfer certificatefor 5% preference shares, 187[5], red; and blankcheque from the Ulster Railway Co., 18[—], no.1061,red, very fine (5)

£80-100

550Finn Valley Railway Co., one £10 share, 18[63],no.3408, decorative title and scrollwork at left, blue,not signed by Secretary, some light foxing, very fine

£60-80

551Limavady & Dungiven Railway Co., ordinary £10shares, fully paid, 1882, no.8, plain border, black,embossed seal, printed in Belfast, good very fine

£60-80

552Limavady & Dungiven Railway Co., £10 shares,1882 together with other Irish railways comprisingStrabane Raphoe and Convoy Railway Co., £10shares, un-issued (2); Belfast & County Down RailwayCo., ordinary stock, 19[46]; Fishguard and RosslareRailways and Harbours Co., guaranteed preferencestock, 19[38]; Waterford and Tramore Railway Co.,un-issued £10 shares, 185-, and a blank cheque fromthe Ulster Railway Co., very fine and better (7)

£80-100

553Newry & Enniskillen Railway Co., £50 share,18[53], no.10084, black, embossed seal, togetherwith; Enniskillen, Bundoran & Sligo Railway Co., £10shares, 186[2], black with brown underprint, titleamended from Enniskillen and Bundoran Railway, thisfolded separated and repaired; Dundalk andEnniskillen Railway Co., 5% preference shares for £10,1858, blue, seal removed; and transfer certificate fromthe Enniskillen, Bundoran and Sligo Railway Co., veryfine (4)

£100-120

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554Newry, Warrenpoint & Rostrevor Railway Co.,one share, 1846, no.1261, black printing, on waxedpaper, red paper seal at bottom depicting steamlocomotive, printed in Belfast, about extremely fine

£80-100

555Waterford & Limerick Railway Co., £50 share,1845, no.3709, attractive coat of arms withinmedallion top centre, blue, pink embossed seal, edgetear at right, good very fine

£60-80

556Castlederg & Victoria Bridge Tramway Company,certificate for £10 shares, 18[917], decorative title andscrollwork at left, red, and four separate hand writtennotes concerning the line, some from William Irwin asSecretary and Manager, together with Dublin &Lucan Steam Tramway Co., cumulative preferenceshares, 1[922], red, and Belfast Omnibus Co. Ltd., £1ordinary shares, 19[32], nice vignette of motor bus,black, pale blue underprint, fine to very fine (3)

£80-100

557City of Dublin Steam Packet Company, transfercertificate for £100 capital stock, 18[35], scrollwork atleft, black, very fine

£60-80

558Derry City Football and Athletic Club Ltd.,ordinary shares of 5 shillings each, 19[39], no.245,scrollwork at left, blue printing, very fine

£60-80

559A good collection of Irish Mining certificates,comprising; Carberry West Mining Company ofIreland, 10 shares of 10 shillings each, not dated, blueprinting on linen; Carysfort Mining Co. Ltd., £2.10sshares, 186[4], black and green; Connorree MiningCo. Ltd., 5 shares of £1, 18[59], black, with a transfercertificate dated 1865; Coosheen Minerals Ltd., 5shilling shares, 19[06], black; Duneen Bay MineralCo. Ltd., £10 shares, 188[3], black; Holyford CopperMining Co. Ltd., 5 shares of £1, 186[4]; HolyfordMining Co. Ltd., £10 shares, 18[67]; Victoria SlateCo. Ltd., £1 shares, 18[92]; West Cork Mining Co.,£50 share, [1836]; Youghall Mining Co., one share,1848, generally fine to very fine, a few better, severalrare (11)

£180-220

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560Holyford Copper Mining Co. Ltd., a group of 41certificates each for 5 shares of £1, 186[4], scrollworkat left, black, embossed seal depicts harp, generallygood very fine and better

£200-300

561Theatre Royal, Belfast, a debenture, 1871, certifyingthat James Kennedy of Belfast may have free admissionto the theatre at any time, signed by Joseph FrederickWarden as Manager of the theatre, black printing onvellum, cancelled, notes of probate at bottom in red,good very fine

£60-80

562Theatre Royal, Belfast, two debentures, eachallowing the holder free admission to the theatre, andpermission to grant admission to others, both 1871,large format, black printing on vellum, blue adhesiveembossed revenue stamp at top left, very fine (2)

£150-180

563A small group of 10 Irish certificates, comprising;Waterford and Limerick Railway Co., £50 shares,184[5], company seal at top, blue; Connemara MiningCo. of Ireland, 5 shares of £1, London 1852, blue (2);Glenaulin & Carivilleen Mining Co. of Ireland, 5shares of 10 shillings, London 1852, black (2);Electric Telegraph Co. of Ireland, 5 shares of £1,185[2], black; Holyford Copper Mining Co. Ltd., 5shares of £1, 186[4], black, and Waterford,Dungarvan and Lismore Railway Co., 5% guaranteedpreferred shares of £10 each, 187[6] (2) and 18[86](this one damaged where mounted previously), acouple with very light marking, otherwise good very fine,last three very fine and fine (as noted) (10)

£150-200

564An interesting and varied collection of Irishcertificates, including; Official Co-operative Society(Ltd.) Dublin, £5 shares, 18[74]; Electric TelegraphCompany of Ireland, 5 shares of £1 each, 185[2];Bagnalstown Gas Co. Ltd., £1 preference shares,19[06]; Kehoe, Donnelly & Pakenham Ltd., £5preference shares, 18[91]; Belfast Banking Co.,transfer certificate, 187[8] and letter of allotment,1901; J. H. Hunter & Co. Ltd., £5 preference shares,18[94]; Powell & Mooney Ltd., ordinary andpreference shares, both 189[7], and preference shares19[09]; Pile Ltd., preference and ordinary shares,189[6], together with a proof on card; Pile, Powell &Mooney Ltd., un-issued piece for preference shares,printed on card; with a group of receipts and billheadsfrom saddle makers, drapers, jewellers, hotels etc, andothers, condition varies from fine to very fine at best(57)

£180-220

Literature565The Stock Exchange Year-Book 1912, by ThomasSkinner, LII + 2098pp + L plus adverts, originalembossed cloth covered boards, gilt lettering, a littlerubbed, small split on spine, completely disbound butotherwise in good condition

£100-150

566The Stock Exchange Year-Book 1919, by ThomasSkinner, LIV + 2096pp plus adverts, originalembossed cloth covered boards, gilt lettering, a littlerubbed, completely disbound but otherwise in goodcondition

£80-120

567The Stock Exchange Official Intelligence 1928,Vol. XLVI, edited by the Secretary of the Share &Loan Department of the Stock Exchange, CLX +2082pp plus adverts, black cloth covers, gilt lettering,contents mounted on front, completely disbound butotherwise good condition

£60-80

568The Stock Exchange Official Intelligence 1936,Vol. XLVI, by Thomas Skinner, CCXX + 3488ppplus adverts, black cloth covers, gilt lettering, contentsmounted on front, sides include tabs denoting varioussections, completely disbound but contents in goodcondition, binding fair

£60-80

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MISCELLANEOUS LOT569A group of European Railway companies, mainlySpanish, comprising Cia. del Ferro-Carril de Palenciaá Ponferrada Noroeste de España, 1900 reales (500francs) bond, 1862, lovely scrollwork border andsteam engine at bottom, black on buff; Cia. de losCaminos de Hierro Sur de España, 500 peseta share,1910, ornate border with steam train at bottom, portand factory scenes and coats of arms, green and black;Cia. de los Ferrocarriles Economicos de Villena áAlcoy y Yecla, 475 peseta bond, 1902, winged femaleto left, steam train bottom right, blue and pink; S.A.Tranvia á Vapor de Madrid á Colmenar Viejo y Ramalá Chamartin de la Rosa, 500 peseta mortgage bond,1898; Cia. del Ferro Carril de Madrid a Villa delPrado, 300 peseta bond; Compagnie des Mines etChemins de Fer Bacares-Almeria et Extensions, 500franc share; Cia. del Ferrocarril de Zafra á Huelva, 500peseta bond; Cia. Anonima de los Ferro-CarrilesSevilla-Jerez-Cadiz, 1900 reale share, and Cia. de losFerrocarriles Oeste de España, 500 peseta share, allgood very fine, the first few almost extremely fine (9)

£80-100

AUSTRO-HUNGARIAN EMPIRE

570Maritime Association of Ragusa, certificate for 200florin share, Ragusa [1870], no.1900, beautiful piecewith ornate border including allegorical figures atsides, Pope surrounded by scrollwork at bottom, andshipping scenes, black with buff underprint, stampedANNULATO, slight ink bleed through at right side,otherwise good very fine

£100-120

AUSTRIA

571Austrian Government International Loan, 1930,7% Sterling Bond for £100, no.18256, allegoricalfemale at top, ornate border, green and black, printedby Waterlow & Sons Ltd., with coupons, overprintedin red on face noting British ownership in 1938, goodvery fine

£80-100

572Galican Standard Oil Mining Co. Ltd., 8%participating preference shares of £1 each, 19[13],no.1062, and Galican Oil Lands & Royalties TrustLtd., 8% participating preference shares of £1 each,19[14], no.6578, both with oilfield and refinery scenewithin title, ornate border, brown and blue, and redand purple respectively, together with RatoczynExtended Oilfields Ltd., 1 shilling ordinary shares, and£1 7% preference shares, both 191[4], blue and redrespectively, some creasing, the latter two with smalltears, fine to very fine (4)

£80-100

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EUROPE

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573Wolford Aktiengesellschaft, 100 schilling share,1995, no.3678, full colour and gold printed vignetteof painting with figures of Greek Goddess Athene andEgyptian Goddess, originally by Gustav Klimt, with allcoupons, extremely fine or better

£60-80

Manufacturer of hosiery and lingerie founded in 1949.

BELGIUM574Brussels Motor Cab Co. Ltd., a pair of certificatesfor 5 and 10 participating preferred ordinary shares of£1, 19[10], no.6563 and no.1146, both withfacsimile signature of Davison Dalziel, ornateborder, blue and green respectively, both withcoupons, good very fine (2)

£60-80

Davison Alexander Dalziel, 1st Baron Dalziel ofWooler (17 October 1852 – 18 April 1928), in 1890formed, Dalziel’s News Agency, acquiring controllingstakes in the Standard and Evening Standardnewspapers in 1910. He sold off his newspaper interests toconcentrate on the taxi cab industry, setting up severalcompanies including General Motor Cab Company Ltd,the Pullman Car Company and the InternationalSleeping Car Share Trust Ltd. His interests spread tonumerous taxi companies in the major cities of Europe.

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574

575Compagnie Internationale des Wagons-Lits et desGrands Express Europeens S.A., 51⁄2% bond for 500francs, Brussels 1919, no.39484, signed by ReneNagelmackers as one of the administrators, lovelyart nouveau style border with express train at bottom,red, without coupons, rough edge where couponsremoved, otherwise extremely fine

£60-80

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576Kursaal de Lille S.A., 100 franc share, Lille 190[2],no.3011, colourful piece with allegorical females ateach side, purple and tan with pale green underprint,with coupons, single vertical fold, otherwise good veryfine

£80-100

577La Belgique Prévoyante, bond for 500 francs,Brussels 19[30], no.32611, lovely piece presented inbook, vignette of family under tree, farming andindustrial scenes, ornate border, blue with pinkunderprint, tear along crease at left, otherwise very fine

£60-80

578S.A. de la Compagnie Continentaled’Incandescence, certificate for 5 shares, Brussels1896, no.45346-350, very pretty piece with ornateborder incorporating allegorical females at each side,lights at bottom, brown with green underprint, withcoupons, good very fine, and a very rare piece

£80-100

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579Trust Colonial S.A., a group of 49 certificates for100 franc share, Brussels 1899, ornate border withallegorical females at bottom, red, stampedendorsement on face, with coupons, very fine andbetter (49)

£150-200

BULGARIA

580Kingdom of Bulgaria, 7% Settlement Loan, 1926,bond for £500, no.00646, of only 868 issued, largeformat piece with vignette of peasants in field, ornateborder, green and black, printed by Bradbury,Wilkinson & Co., with coupons, near extremely fineand rare

£120-150

581Kingdom of Bulgaria, 7% Settlement Loan, 1926,bond for £1000, no.00020, of only 467 issued, largeformat piece with vignette of peasants in field, ornateborder, blue and black, printed by Bradbury,Wilkinson & Co., with coupons, extremely fine andrare

£150-200

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581

580

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582Kingdom of Bulgaria, 71⁄2% Stabilisation Loan,1928, bond for £500, no.00959, of only 847 issued,large format piece with vignette of allegorical figure,ornate border, green and black, printed by Bradbury,Wilkinson & Co., with coupons, good very fine andrare

£120-150

583Kingdom of Bulgaria, 71⁄2% Stabilisation Loan,1928, bond for £1000, no.00228, of only 408issued, large format piece with vignette of allegoricalfigure, ornate border, blue and black, printed byBradbury, Wilkinson & Co., with coupons, very fineand rare

£150-200

584“Astra” S.A. pour l’Industrie de Chaussures, 100leva share, Sofia 1912, no.1355, attractive piece withornate border, underprint of cog and shoe, brown andblue, with coupons, extremely fine

£60-80

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583

582

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585Banque de Rose, 100 leva share, Sofia 1917,no.11837 large ornate piece with vignettes ofpeasants, picking crops, distillery and river scenes, bluewith salmon pink underprint, adhesive revenue stamp,no coupons, good very fine

£60-80

586Brewing Company, Bulgaria, 10 shares of 500 lev,(5000 lev), 1921, no.10861-70, attractive piece withvignettes of the brewery at bottom, art nouveau styleborders, black, grey and buff, small hole cancelled,good very fine

£80-100

587“Napredak” Bank, 100 leva share, 1918, no.61273,vignette of bank building at top, allegorical female ateach side, pink, olive green and black, with coupons,together with Union of Volksbank, 100 leva share,1946, no.1775, bold art nouveau border, underprintvignette of bank building, green, both good very fine (2)

£60-80

588Société Anonyme par Actions “Aeroplane”Plovdiv, 50 leva share, Plovdiv 1912, large formatpiece with three vignettes of monoplane, airfield andpilot sitting in cockpit, text in Bulgarian and French,blue and brown, with coupons, small cancellationholes, heavy centre fold, very fine

£200-300

589Société Centrale de Construction “Sredetz”, 100leva share, Sofia 1917, no.07819, allegorical female onplinth in centre, ornate border, red and black with buffunderprint, text in Bulgarian and French, withcoupons, good very fine

£60-80

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CROATIA590“Isis”, 5 shares of 200 kr, 1920, no.31831-35, ornateborder, brown and black with decorative blueunderprint, with coupons, slight discolouration atcorners, otherwise good very fine

£60-80

591Jugoslav-American Navigation Company Ltd.,warrant to bearer for 50 shares of 25 dinars each, Split1924, no.47201-250, lovely piece with scenes of portand shipping at top, ornate border with scrollwork, redand black, printed by Waterlow & Sons, with coupons,Jugoslav Lloyd Ltd. overprinted across face in red,good very fine

£80-100

592Krapinaer Kohlengewerkschaft, ‘kux-schein’, Agram1902, no.749, fine border, black printing, 4 pages,good very fine

£60-80

CZECHOSLOVAKIA

593“Lux”, Electric Filament Factory, Prague, 1000koruna share, 1920, no.730, nice piece with border oflightbulbs, brown and black, with coupons, almostextremely fine

£60-80

DANZIG

594Municipality of Danzig, 7% Mortgage Loan of1925, bond for £100, no.B3457, large format piece,city view at top, ornate border, orange and black,printed by Bradbury, Wilkinson & Co., with coupons,good very fine and scarce

£220-250

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DENMARK

595Danish Producers Loan Fund CommitteeGuaranteed 5% Loan, 1928, a group of specimenbonds for $1000, from the Bradbury, Wilkinson &Co. archive, varying dates due from 1 July 1934 to 1July 1940, large format pieces with allegorical femaleat top with field of wheat to left and fishermen at right,green and black, all with coupons, small hole cancels,extremely fine (6)

£80-100

ESTONIA

596Republic of Estonia (Banking & CurrencyReform), 7% Loan, 1927, bond for £500, no.B065,of only 100 issued, vignette of city and river scene,green and black, printed by Bradbury, Wilkinson &Co., with coupons, signs of some handling but almostextremely fine and very rare

£150-200

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597Republic of Estonia (Banking & CurrencyReform), 7% Loan, 1927, bond for £1000,no.C074, of only 100 issued, vignette of city andriver scene, mauve and black, printed by Bradbury,Wilkinson & Co., with coupons, talon torn but goodvery fine and very rare

£250-300

598Aktsiaselts “Laferme” Tallinna, a set of 3 certificatesfor 1, 10, and 20 shares of 50 krooni each, 1921,“Laferme” monogram at top, ornate borders, mauve,red and brown respectively, with coupons, extremelyfine (3)

£60-80

This tobacco company was set up in Tallinn just afterEstonia had obtained its independence from Russia bythe owners of the then Russian “La Ferme” company.Tobacco production continued on this coastal resort until1960.

FINLAND

599Republic of Finland, 7% External Loan Sinking FundGold Bond, specimen certificate for $1000 from theAmerican Bank Note Co. archive, 1925, allegoricalfigures flanking coat of arms at top, ornate border,dark blue and black, small hole cancels, with coupons,good very fine

£120-150

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600Borga Angfartygs Aktiebolag, 500 mark share,Borga 1928, no.707, attractive piece with steam shipat top and ornate border, black and buff, 4 pages,adhesive revenue stamps on face, extremely fine

£60-80

601Marja Osakeyhtiö, 10 shares of 400 marks, Parola[1952], no.11291-11300, pretty art nouveau borderand berries on vine decorating title, red, green andbuff, with coupons, together with Ita-SavonMaakuntahotelli Oy Osakekirja, 1000 mark share,1988, no.1488, vignette of fortress surrounded bywater at top, marble effect border, red, grey and black,with coupons, both extremely fine (2)

£60-80

602Mikkelin Konepaja Osakeyhtiö, certificate for 1000Finnish marks, Mikkelissa 1922, no.143, vignette offactory under title, bold border, black, brown andbuff, with coupons, extremely fine

£80-100

FRANCE

603Banque Continentale de Paris Ltd., warrant tobearer for 1 share of £4, London 189[9], no.A454,lovely piece with ornate scrolled border, blue andblack, with coupons, printed by Waterlow & Sons,stain at left side, otherwise very fine

£80-100

604Banque Franco-Americaine S.A., 100 franc share,1905, no.13629, statue of Liberty at bottom withsteam train and allegorical female, blue, capitaloverprint in red, with coupons, extremely fine

£60-80

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605Banque Populaire de Cençay, un-issued certificatefor 100 franc shares, 190[-], large format piece withart nouveau border, red and blue, some water damageto right side, very fine

£60-80

606Brasserie Coopérative du Tilleul, 25 franc share,Tourcoing 190[7], no.1485, ornate art nouveauborder, underprint of bundle of wheat, green and buff,numerous hand stamps on face, some holes worn oncreases, about very fine

£60-80

607Chambre Syndicale des Débitants de Vins, un-issued 1000 franc share, circa 1909, no.249, largeformat piece, border of grape vines and underprintedsilhouette of grape vine, grey-green, with coupons,very fine

£60-80

608Compagnie des Grands Express Aèriens S.A., 500franc share, Paris 192[2], no.0505, ornate borderincluding coats of arms and landmark buildings,underprint vignette of aeroplane, blue and green, withcoupons, about extremely fine

£100-120

Pioneering French airline formed in 1919 andoperating until 1923 when it was merged withCompagnie des Messageries Aeriennes, forming AirUnion. The company used converted bombers aspassenger aircraft from Le Bourget in Paris to CroydonAerodrome in London.

609Compagnie Franco-Tunisienne de Navigation, 100franc share, Marseille 190[0], no.01944, veryattractive piece with cityscape and port scenes atbottom, architectural border, black with olive greenunderprint, with coupons, very fine

£150-180

610Compagnie “Les Assurances Réunies”, 100 francshare, Paris 190[4], no.00457, attractive piece withvery ornate border including vignettes of firefighters atburning building and sinking ship, black, brown ‘100’underprinted, with coupons, about extremely fine

£60-80

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608

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611Compagnie Parisienne des Voitures Électriques,100 franc share, Paris 1900, no.2476, ornate borderwith motor cars down left side, brown on buff,together with Taxis-Citroën S.A., 100 franc share,1924, no.11830, ornate border with motor car at top,brown and yellow, both with coupons, good very fine(2)

£80-100

612Etablissements Lèon Volterra et Thèatre Marigny,100 franc share, Paris 1927, no.62885, theatricalfigures play instruments and dance at bottom, blueand yellow, with coupons, good very fine

£80-100

613Grand Garage de la Motte Picquet S.A., 500 francshare, Paris 1928, no.3987, vignette of the largegarage building at top, border of wheels, underprintvignette of the Eiffel Tower, red, with coupons,extremely fine

£80-100

614Hélice Mobile, dividend share, Paris 1863, no.2412,allegorical figures at top, ornate border with river dockscene at bottom, blue, with coupons, very fine

£80-100

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615La Cigale Théatre-Concert S.A., 100 franc share,Paris 1900, no.04378, ornate border, allegoricalfemales with music score at bottom, mauve and green,with coupons, about extremely fine

£80-100

Originally built in 1887 but remodelled in 1894 andcommenced its golden years of entertainment. By 1920the theatre was used for operettas and music hall(Vaudeville). Continuing its decline the theatre wasconverted to a cinema in 1940, later showing x-ratedfilms. Starting in 1981 when the hall was classified as anational monument the theatre has been refurbishedand modernised and is now home to many music andarts performances.

616La Rebecquoise Laiterie et Fromagerie, 500 francshare, 1887, no.95, vignette to left of milkmaid withcattle behind, black printing, good very fine and a rarepiece

£60-80

617La Vigne, a group of 88 certificates for one bond of500 francs, Toulouse [1892], ornate border of vinesand grapes, coats of arms at top and bottom, green,with coupons, mostly extremely fine or better (88)

£200-250

618Le Grand Globe Céleste de Paris, Ltd., bearerwarrant for 5 shares of £1, London 1899, signed bythe Duke of Beaufort as Director, vignette of the hugeglobe built at the Quai d’Orsay, along the Seine,ornate border, blue, text in English and French, goodvery fine

£60-80

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619Montgolfier, Bechetoille, Duret & Cie., certificatefor 5000 franc share, 1828, no.102, attractive piecewith vignette of the paper mill at top and ornateborder, black nice condition, good very fine

£300-400

Paper manufacturers based in Tielly, Loire, France.

620S.A. du Journal “L’Eclair”, 500 franc share, Paris189[1], no.1339, lovely piece with architecturalborder, allegorical figures with printing press atbottom, blue and peach, with coupons, overstampedin red with reduction to capital in 1897, good very fine

£80-100

An independent political journal which ceasedpublication in August 1944.

621S.A. Francaise des Etablissements Emringer &Marchand, 500 franc share, Paris 1899, no.3309,attractive piece with border of allegorical females,factory buildings at top, blue and green, with coupons,good very fine

£60-80

Manufacturers of equipment for soda and mineralwater production, syphon heads etc.

622Soc. Francaise d’Armes Automatiques deSt.Etienne (Bernardon & Cie), 100 franc share,st.Etienne 190[8], no.00310, ornate border withindustrial scenes at bottom, allegorical figures at eitherside, brown and black, with coupons, extremely fine

£60-80

Automatic handgun manufacturer, later to becomeBernardon Martin. A conventional weapon of which fewwere made apart from a flurry of activity in 1908 and1909 when this company was operating the factory. Theyused the trade name of ‘Hermetic’ which was stamped onthe guns.

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623Société de Fabrique de Choucroute et deConserves d’Oseille de l’Est, 50 franc share, 190[3],no.318, ornate border of scrollwork, art nouveau styleladies at either side, blue-black with yellow underprint,with coupons, good very fine

£60-80

624Société Etablissements Honoré Picon, 250 francshare, Bordeaux 1919, no.4915, pretty piece withwoman picking apples to right, dock to left and largesteam ship at bottom, brown and red with yellowunderprint, together with Comptoir Franco-Anglaisd’Exportation, 200 franc share, Paris [1923],no.7113, lovely vignette of port with horse-drawncarts and boats being loaded with goods, brown andbuff, both with coupons, very fine (2)

£60-80

625Société Foncière et Immobilière de Saint Jean, un-issued certificate for 500 francs, 1928, colourful piecewith vignettes of men playing various sports, green,black and red mainly, with coupons, together withUnion Fraternelle La Langroise, 50 franc share,1928, no.386, sketched border including allegoricalfigure to right and gymnast to left, red and black,extremely fine and good very fine respectively (2)

£60-80

626Société Française des Plaques & ProduitsPhotographiques du Dr. E. Clément, 100 francshare, Paris 1906, no.6595, lovely art nouveau stylepiece with ornate border and allegorical females at leftand top, blue, green and red, with coupons, good veryfine

£60-80

627Société Immobilière du Théatre des Champs-Élysées, ordinary share, Paris 192[2], not numbered,interesting piece with architectural border and views ofinside the Theatre at the top, green, with coupons,extremely fine

£100-120

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628Société Générale des Cinématographes ÉclipseS.A., a pair of certificates, founders share and 100franc share, Paris 190[7] and 190[8], lovely designwith London’s Tower Bridge, Notre Dame, Sphinx,Indochine scene and allegorical female, orange andblue respectively, both with coupons, good very fine (2)

£60-80

629Société la Brasserie Viennoise de Maxéville, 1000franc share, 1869, no.1116, lovely piece witharchitectural border incorporating coats of arms andgrapevines, black with pale green underprint, withcoupons, very fine

£80-100

630St.Etienne Brewery Co. Ltd., (Brasserie Nationalede St.Etienne), a group of 26 debentures for £100each, 1891, large format piece with ornate border,black, 4 pages, very fine to extremely fine (26)

£80-100

One of the many breweries that were acquired by Britishcapital in the late 19th century. This brewery wasbankrupt by 1893 and an auction was held to dispose ofmuch of its assets apart from brewing machinery whichwe assume was sold elsewhere. The Brasseries Nationalewas still brewing well in to the 1920’s but underdifferent ownership.

631Transports et Matériel Agricole de la Limagne, 500franc share, Brioude [1922], no.733, vignettes of busand car at top, agricultural machinery at bottom,ornate border, blue, with coupons, very fine

£60-80

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632City of Cologne, 6% Sterling Loan, 1928, bond for£20, a specimen certificate from the Bradbury,Wilkinson & Co. archives, vignette of CologneCathedral, ornate border, blue and black, overprintedwith modified terms of settlement in 1953 and‘specimen’ in red, with coupons, extremely fine

£60-80

633City of Dresden, 51⁄2% Sterling Loan of 1927, bondfor £100, Dresden 1927, no.1291, ornate border,green and black, with coupons, good very fine

£80-100

634City of Dresden, 51⁄2% Sterling Loan of 1927, £100bond, no.1727, ornate border with scrollwork atcorners, green and black, with coupons, slight creasingto top left corner, otherwise near extremely fine

£80-100

635Actien-Brauerei Neustadt-Magdeburg, 200 thalershare, series 1, 1872, no.628, red endorsementrevaluing the share at 400 RM, very pretty piece withhuge brewery building atop hillside, architecturalborders, orange and brown with pale greenunderprint, about extremely fine

£80-100

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GERMANY

633

635

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636Actien-Brauerei Neustadt-Magdeburg, 200 thalershare, series B, 1873, no.5557, red endorsementrevaluing the share at 400 RM, very pretty piece withhuge brewery building atop hillside, architecturalborders, orange and brown with pale greenunderprint, good very fine

£80-100

637Bremer Strassenbahn, one share of 1,200 marks,Bremen 1895, no.562, vignette of early electric tramat top, ornate border, black with pale greenunderprint, good very fine

£150-200

638Cologne Mining Company, 5 shares of £1 each,1853, no.3721, coat of arms of Prussia and Britain attop, text in German and English, black, filing holes atleft, good very fine

£250-300

Incorporated in England with a capital of £120,000(800,000 thalers). The company was formed to minecopper, lead and other minerals in the PrussianRhineland.

639Compagnie Immobiliere de Dusseldorf S.A., agroup of 89 certificates of one preference share, Paris1905, attractive border with lions head at top, shieldat bottom, red with blue underprint, with coupons,generally about extremely fine (89)

£300-400

640Deutsche Schiffbau Aktiengesellschaft Berlin, 1000mark share, Berlin 1922, no.1916, bold piece withornate borders, black and red, underprint of ‘1000’,about extremely fine

£60-80

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638

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641Gewerkschaft Sachsenwald zu Gotha, Kux, Berlin1906, no.205, vignette of miners at work at top,ornate border, brown with green underprint, aboutextremely fine

£80-100

642Glückstädter Heringsfischerei Aktiengesellschaft,500 reichsmark share, 1934, no.19, one of only 15found in the Reichsbank hoard, interesting piecewith ships at top and swastika symbol in underprint,bold black font, black and brown, small hole cancel inseal, good very fine

£500-600

643Hamburg-Amerikanische Packetfahrt A-G, a nicelot of 100 certificates for 1 share of 100 Reichsmarks,Hamburg 1936, numbers 73801-73900, ornateborder with HAPAG logo at left, green and black,extremely fine (100)

£500-600

644J.G. Farbeninduftrie A.G., Frankfurt, a group of 34certificates for 1000 Reichsmark share, December1925, ornate border with logo’s of merged Chemicalcompanies, blue and black, extremely fine (34)

£100-150

A famous amalgamation of 9 businesses in the chemicalindustry including Friedrich Beyer & Co and BASF.Infamous for it’s involvement with Nazi operationsduring WWII.

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645J.G. Farbeninduftrie A.G., Frankfurt, a group of 76certificates for 1000 Reichsmark share, September1926, ornate border with logo’s of merged Chemicalcompanies, blue and black, extremely fine (76)

£200-300

646Lippische Werkstätten AktiengesellschaftDetmold, a pair of certificates for 1000 marks,Detmold 1921, no.07470 and 07471, bold borderwith steel/iron workers at bottom corners, brown,green and yellow, both with coupons, good very fine(2)

£80-100

647Magdeburger Lebensversicherungs-Gesellschaft,500 taler share, 1856, no.1506, overstamped withrevaluation of 100 RM, ornate border incorporatingfemales with thread, coat of arms bottom right, brownand black, very fine

£100-120

648Menzenberg Mining Company Ltd., certificate for£5 5s shares, London 187[1], no.584, scrollwork atleft, black on green paper, embossed seal at bottomright, tear on crease at top, small edge nicks elsewhere,fine to very fine

£80-100

A British company operating a mine at Bad Honnef,North Rhine-Westphalia.

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649Neu-Westend, A-G fur Grundstucksverwertung, alarge group of 560 certificates for one share of 1000marks, Lit B, Charlottenburg 1923, ornate border,brown and green, very fine and better (560)

£2,500-3,000

650Sinalco Aktiengesellschaft Detmold, 10,000 markshare, 1923, not numbered, possibly a specimen,extremely colourful piece with ornate border and thecompany’s factory at bottom, underprint vignette ofglass and butterflies, brown, green and yellow, withcoupons, extremely fine but with a few edge nicks

£60-80

Producer of soft drinks formed in 1902 by Eduard Bilzand Franz Hartmann. The company now hasheadquarters in Duisburg, Germany, and it’s familiarred circle trademark created in 1937.

651Stettiner Speicher-Verein, certificate for 200 thalershare, 1872, no.403, one of only 12 found in theReichsbank hoard, ornate scrollwork border withvignettes of buildings to sides and bottom, black withbuff underprint, water damage to right side but has beenrestored, fine

£350-400

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652Greek 4% Loan, 1887, bond for £20, no.7231,ornate border with Greek coat of arms at top, blackwith buff underprint, text in Greek, French andEnglish, acceptance certificate attached to reverse,rough edges where coupons removed, tear at bottom,some small nicks but very fine

£60-80

653Greek 4% Loan, 1887, bond for £20, no.11093,ornate border with Greek coat of arms at top, blackwith buff underprint, text in Greek, French andEnglish, acceptance certificate attached to reverse,rough edges where coupons removed, small nicks butvery fine

£60-80

654Greek 5% Gold Loan, 1890, for the Piraeus LarissaRailway, bond for £20, no.6656, series A, very largeformat piece with Greek arms at top, allegoricalfemales at either side, red-brown and black with greenunderprint, text in Greek, English, German andFrench, heavy centre fold and slight edge damage, fineto very fine

£60-80

655Kingdom of Greece, Greek Government 7%Refugee Loan of 1924, bond for $1000,no.M07739, ornate border, vignette of refugees attop, green and black, printed by Bradbury, Wilkinson& Co., with coupons, with certificate of assent(printed by the American Bank Note Co.) attached tofront, edge tears, fine but scarce

£80-100

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GREECE

654

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656Kingdom of Greece, Greek Government 7%Refugee Loan of 1924, bond for $1000,no.M01178, ornate border, vignette of refugees attop, green and black, printed by Bradbury, Wilkinson& Co., with coupons and certificate of assent (printedby the American Bank Note Co.) attached to front,edge tears, about very fine

£80-100

657Thessaly Railway, certificate for 5 shares of 200drachma (1000dr), 1920, no.03391-03395, ornatetraditional style border, steam train rounding hillsideat top, black with peach underprint, with coupon, someedge damage and worn into hole on centre fold, otherwisevery fine

£60-80

Absorbed by the Hellenic State Railways in 1955.

658Thessaly Railway, certificate for 5 shares of 200drachma (1000dr), 1920, no.03381-03385, ornateborder, steam train rounding hillside at top, black withpeach underprint, with coupon, some edge damage andworn into hole on centre fold, otherwise very fine

£60-80

Absorbed by the Hellenic State Railways in 1955.

659American Film Company, 100 drachma share, 1923,no.0809, very attractive piece with vignette ofauditorium at bottom, borders comprise classicalscenes and stage curtains, black, green and blue,adhesive revenue stamps, with coupons, small tear attop edge, about extremely fine

£80-100

660Banque Amar S.A., 5 shares of 100 drachma, 1920,no.2206-2210, vignette of busy port at bottom, castleat top, green and black, one coupon remaining,extremely fine and scarce

£60-80

661Banque d’Industrie S.A., a group of 3 certificateseach for 5 shares of 250 drachma, 1918, capital15,000,000 drachma, 1925, capital 20,000,000drachma and 1925, capital 30,000,000 drachma,allegorical figures at top, text in Greek and French,green and pink, adhesive duty stamps, with coupons,very fine and better (3)

£120-150

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659

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662Banque d’Industrie S.A., a group of 5 certificates for5 shares (2) and 25 shares (3) of 250DR each,different issues but all 1925, colourful piece withallegorical figures at top, green with peach underprint,and blue and yellow with peach underprintrespectively, all with coupons, very fine or thereaboutsbut the last with a tape repair (5)

£150-200

663Crédit Athénien S.A., 25 shares of 100 drachmaeach, Athens 1925, bold traditional style border, coinface in centre, blue and buff, together with Banqued’Industrie S.A., 5 shares of 250 drachma each,1925, ornate border with allegorical figures at top,green and peach, with coupons, both very fine (2)

£60-80

664EPIA Nouvelle Société Anonyme Hellénique deDraps de Naoussa, Salonique, certificates for 1 and100 shares of 100 drachma, 1922, capital 10,000,000drachma, together with 1 share of 100 drachma, 1925,capital 15,000,000 drachma, attractive pieces withvignette of woman at spinning wheel, ornate border,brown, adhesive duty stamps, with coupons, very fineto extremely fine, the second rare (3)

£80-120

665Macedonian Company, 5 shares of 100 drachma,1918, no.00516-00520, allegorical females at bottomwith ancient building and seascape in background,large underprint map of Greece, blue-green, text all inGreek, adhesive duty stamp, small tear at right edge,with coupons, good very fine

£60-80

666S.A. de Minoterie “Evrotas”, a set of 3 certificatesfor 5, 25 and 100 shares of 100 drachma, 1926,vignette in centre of the flour mill, ornate border witharchitectural columns at sides, orange-brown and blue,text in French and Greek, adhesive revenue stamps,with coupons, the last with small tear at right edge,extremely fine (3)

£80-100

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667Société Athenienne d’Automobiles ‘Athena’ S.A., agroup of four certificates for 1, 5 and 10 shares of 100drachma, 1920, capital 2,000,000 drachma, and 25,shares of 100 drachma, 1929, capital 10,000,000drachma, interesting pieces with motor cars and“Athena” at top, bold border with motorcycle andplane, brown and black printing with pink, dark green,yellow and light green underprint respectively, all withcoupons, two with slight edge/corner damage, otherwiseall very fine (4)

£100-150

668Société Hellénique de Vins et Spiritueux., 5 sharesof 100 drachma, Athens 1928, large format piece withornate borders with allegorical figures, cherubsholding grapes, a grape press and a distillery, text inGreek and French, yellow & black, with coupons, nearextremely fine

£60-80

669“Yphanet” Société Anonyme d’Industrie de Tissus,£1 share, Salonique 1926, no.04325, large vignette ofwoman weaving on loom in centre, ornate border,brown and black, text in Greek and French, withcoupons, some hand annotation on face, good very fine

£60-80

HUNGARY

670Angol-Magyar Bank Részvénytársaság (British andHungarian bank Limited), 71⁄2% 35-Year SinkingFund Mortgage Sterling Gold Loan, a specimen bondfor £500 from the Bradbury, Wilkinson & Co.archives, large format piece with ornate border, text inEnglish, green and black, red circular Bradburyspecimen stamp, with coupons, extremely fine

£60-80

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671Hungarian Central Mutual Credit Institute, 7%Land Mortgage Sinking Fund Gold loan, 1927,$1000 bonds (3), building at top flanked byagricultural scenes, green and black, no couponsremain; together with other European certificatesincluding City of Perm, 5% Loan of 1914, scripcertificate for £100; City of Cologne, 6% Sterling Loanof 1928, £20 (4), £100 and £500, all assented to planof repayment, and £100, unassented, all hole cancelled,and others from Russia, Roumania, Poland andHungary ( 33), much duplication, mixed condition,some very fine (44)

£150-200

672“Hungaria” S.A. Hongroise pour la Fabrication etle Raffinage d’Huiles Végétales, 200 kr share, Fiume1907, no.2395, vignette of shipping port at bottom,black with green underprint, text in Hungarian andFrench, with coupons, good very fine

£60-80

673Lonjathalbahn A.G., a group of 76 certificates for200 gulden/400 kronen shares, Budapest, 1896,ornate border, winged wheel in centre and eachcorner, text in Hungarian with Czech and German onthe reverse, blue-black, with coupons, extremely fine(76)

£250-300

674“Pannonia” Magyar Viszontbiztositó Intézet, 600korona share, Budapest 1911, no.0838, allegoricalfemale with sword and scrollwork at bottom, blackwith buff underprint, 4 pages, good very fine

£60-80

675Temesvar -Modoser Local Eisenbahn A-G, a largegroup of 100 preferred shares (genuss-schein),Budapest 1[906], attractive border with winged wheelat top, blue and black, text in Hungarian and German,4 pages, very fine to extremely fine (100)

£400-500

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676Banca Agricola Cacciaguerra, 20 lire share, Russia[1916], no.193, very pretty piece with allegoricalfemale at top, trees bordering each side and insetvignettes of tools, black and peach, 4 pages, somediscolouration otherwise very fine, and rare

£120-150

677Banca del Popolo in Firenze, certificate for 1 share of50 lire, 1868, 36th series, ornate border, black and redon cream paper, fine to very fine

£60-80

678Banca Italiana di Sconto S.A., Roma, bond for 500lire, Rome 1918, no.55034, interesting decorationwith classical border and the huge monument toVictor Emmanuel II at top, brown, with coupons,good very fine

£60-80

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ITALY AND COLONIES

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679Chemins de Fer Économiques et Tramways de laLigurie, 300 franc share, Brussels 1892, no.2173,ornate scrollwork border with vignettes of steamtrains, and coat of arms at top and bottom, brown withgreen underprint, with coupons, good very fine

£60-80

680Les Transports de Savone, a group of 100 certificatesfor 250 franc shares, Brussels 1910, ornate border witharms in each corner, brown, with coupons, generallyextremely fine (100)

£250-300

681Societa Eritrea per le Miniere D’Oro, 5 shares of 25lire, 1906, no.04220, allegorical figure at left, femaleswith camel, and mine buildings at bottom, blue andblack, with coupons, small pin holes at both sides, aboutextremely fine

£80-100

682Societa Eritrea per le Miniere D’Oro, 10 shares of25 lire, 1906, no.06759, allegorical figure at left,females with camel, and mine buildings at bottom,pink and black, with coupons, small pin holes at bothsides, about extremely fine

£80-100

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683Societa Italiana Segnalatore Automatico, one shareof 100 lire, Rome 1911, no.483, motor car speedsalong road with headlight beaming in centre, grey-green, with coupons, better than very fine

£120-150

684Societa Romana di Vetture, certificate for one shareof 100 lire, Rome 1886, no.198, lovely piece withornate border comprising of tiny inset vignette at topdepicting cherubs with bird and dog, horses heads ateither side and allegorical female with carriages atbottom, black with pale green underprint, somefoxing/discolouration, but very fine and a rare piece

£150-200

LITHUANIA

685Lithuanian Liberty Loan, 1919, specimen bond for$50 printed by the American Bank Note Co., stylisedhorseman in full armour at top, orange and black, textin English and Lithuanian, issued by the LithuanianMission to America, with coupons, extremely fine

£220-250

The country was gradually annexed by the RussianEmpire during the 18th century, but achieved a shortperiod of renewed independence at the close of WW1. Thecountry was again occupied during WWII and thenbecame part of the Soviet Union. The first state to breakwith the Soviet Union and declare independence againin 1990.

NETHERLANDS

686Scheldebank, a pair of certificates; 200 franc shares,no.601, and founder share without par value,no.2926, 1923, large industrial vignette at top,Neptune with city scene in background to left andright, very ornate border with smaller vignettes, blueand yellow, and blue respectively, with coupons, bothbetter than very fine (2)

£60-80

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NORWAY

687City of Bergen, Municipal External Loan of 1920,25yr 8% sinking fund gold bond for $1000, aspecimen certificate printed by the American BankNote Co., allegorical females with ships and coat ofarms at top, ornate border, green and black, withcoupons, small hole cancels in signature area, good veryfine

£120-150

688No lot

POLAND

689Republic of Poland, 7% External Sinking FundGold Bond Stabilisation Loan, 1927, bond for$100, no.C4351, ornate border, eagle at top, orangeand black, printed by the American Bank Note Co.,with coupons, endorsement extending the loan periodto 1968 on face, good very fine

£80-100

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PORTUGAL AND COLONIES690A small group of Portuguese certificates,comprising; Companhia Agricola Ultramarina, 100escudo share, 19[19], photographic vignettes;Companhia de Adubos Cataliticos (2), 50 escudoshares, 1920; Companhia Productora de Malte eCerveja Portugalia, 1946; Companhia Metalurgica doNorte, 1920; O Alentejo Companhia de Seguros,19[45]; Companhia Continental de Fosforos, 19[28];and Companhia Geral de Angola, 1937, generally veryfine, the first only fine (8)

£150-200

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691Republica Portugueza 5% Mortgage Bond of1917, a specimen bond for 400 escudos from theBradbury, Wilkinson & Co. archives, Lisbon 19[—],attractive piece with ornate border including coat ofarms at top, vignette at top depicting a Colonialagricultural scene, blue and black, with coupons, smallhole cancels at bottom, some light creasing at edges, aboutextremely fine and rare

£80-100

692Companhia “A Gaduana” Empresa de Pesca deBacalhau, 5 shares of 100 escudos each, Porto 1922,no.3913-3917, very attractive piece with fishermenand sailing boats at top, border of fish, green,turquoise and black-brown, with coupons, largeprinting of fish on reverse, very light foxing in places,otherwise good very fine and a rare piece

£250-300

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693Companhia de Creação e Comercio de Gados, oneshare of 80 escudos, circa 1920, no.13559, nice piecewith bold art nouveau style border and cattle atbottom, black and brown, 4 pages, good very fine

£150-200

694Mozambique: Companhia do Luabo, 5 shares of 4.5reis with the equivalent in francs and £ sterling, Lisbon1910, no.8636-40, lovely piece with herd of elephantsat bottom, natives at work at sides and river scenes attop, blue with buff underprint, with coupons, aboutextremely fine

£100-120

695Companhia dos Vinhos Espumosos, one share of100 escudos, Porto 1920, no.660, lovely piece withsun rising over river scene at top, allegorical femalewith scrollwork to left, ornate border, red and black,with coupons, good very fine

£120-150

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695

694

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696Compagnie du Caoutchouc, Monopole duPortugal S.A., one ordinary share without par value,1898, no.3406, bold art nouveau style piece withfemale figure at left, brown and buff, with coupons,good very fine

£80-100

697Companhia Portugueza das Minas de Plasenzuela,certificate for 45 milreis shares, Lisbon 188[2],no.3435, large format piece with ornate border,vignette under title of seated figure in front of mineworkers, black and blue, with coupons, almostextremely fine

£60-80

698Portuguese Guinea: Empreza Insular da Guine, 5shares of 100 escudos each, Lisbon 192[3], no.17371-17375, lovely piece with vignette of coastline at top,allegorical figures to left and scrollwork, green, withcoupons, very slight foxing at bottom right, good veryfine

£100-120

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697

696

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699Estabelecimentos Silva & Companhia, one share of100 escudos, Lisbon 1933, no.1924, very attractivefishing piece with fisherman and allegorical femalewatching fishing boats in the bay, border consists ofrope, fishing line and caught fish, blue-green, 4 pages,good very fine

£150-200

700‘Latina’ Companhia de Seguros Luso-Fluminense,certificate for 1 share of 20 escudos, Lisbon 191[8],no.19791, bold architectural border, blue-green andyellow, a few minor edge nicks, otherwise good very fine

£80-100

701Lisbon Steam Tramways Company Ltd., a group of20 mortgage debentures for £100, 1873, large formatpieces with ornate border, heavy scrollwork at left,black, with coupons, printed by Waterlow & Sons,some ink bleed through from stamp on reverse, otherwiseabout extremely fine (20)

£120-150

702Nova Cia. do Grande Hotel das Caldas daFelgueira, 10 shares of 20 escudos each, Lisbon19[18], no.2561-2570, made out to ‘bearer’,attractive piece with vignette of hotel within title,ornate border, brown with pale green underprint, sealremoved as cancellation, good very fine

£60-80

703Sociedade de Agricultura Colonial, 10 shares of 100escudos, Lisbon 1954, no.56811-56820, map at top,fine border, green and beige, together withCompanhia Geral dos Algodoes de Angola,Cotonang, unissued certificate for 1 share of 100escudos, series 1, 1926, not numbered, ornate borderincluding cotton plantations and workers, loadedtrucks and ships at top, green and black, both withcoupons, both about extremely fine (2)

£60-80

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704Sociedade Portuguesa de Administrações,certificate for 1 share of 100 escudos, Lisbon 192[0],no.01120, attractive piece with architectural borderand cherubs holding coat of arms at top, green-brown,better than very fine

£80-100

705‘TAP’, Transportes Aereos Portugueses, one shareof 1000 escudos, Lisbon 1970, no.260657, extremelycolourful piece with world map under text, compassstyle points at corners creating grid over it, turquoiseand tan with red and black text, 4 pages, extremely fineand rare

£150-200

Founded in 1945 and provided commercial services fromLisbon to Madrid. It quickly introduced a route with 12colonial locations including Luanda and Angola. Thecompany was privatised in 1953 and the airline wasflying to destinations in Europe and Africa, with theUSA added in the late 1960’s. The company becamenationalised in 1975 and remains that way today.

SERBIA

706Bank of Serbia, a group of 15 certificates for 500dinar preference bond, 1921, very attractive piece withallegorical female with children, arms at lower right,blue and black, with coupons, extremely fine (15)

£80-100

707Temerini Takarékpénztár Részvény-Társaság,Temerin, 100 korona share, Temerin 1908, no.1289,attractive piece with vignettes each side of femalefigures, cherubs and scrollwork at bottom, black withgreen underprint, with coupons (detached), slightfoxing at edges, otherwise good very fine

£60-80

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708Spanish Government, 4% Internal Loan, a specimenbond for 5000 pesetas, from the Bradbury, Wilkinson& Co. archive, series C, Madrid 1908, large formatpiece with ornate borders, black and blue, vignette ofKing Alfonso XIII, full face, in military uniform at top,coupons either side, small hole cancels, good very fineand rare

£60-80

709Deuda Perpetua Interior con Interes del 4% anual(4% Internal Loan), a specimen bond from theBradbury, Wilkinson & Co. archives, capital notspecified, Madrid 19[—], ornate border with arms attop, allegorical figures flanking title, brown and black,underprint of coat of arms, small hole cancels atbottom, about extremely fine

£60-80

710Spanish Government, 4% Internal Loan, a specimenbond for 5000 pesetas, from the Bradbury, Wilkinson& Co. archive, series C, Madrid 1919, large formatpiece with ornate borders, blue, vignette of KingAlfonso XIII at top, coupons running down each side,small hole cancels, good very fine and rare

£60-80

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SPAIN

709

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711Spanish Government, 4% External Loan, aspecimen bond for 100 pesetas, from the Bradbury,Wilkinson & Co. archive, series G, Madrid 1924, largeformat piece with ornate borders, mauve, vignette ofKing Alfonso XIII at top, coupons either side, smallhole cancels, good very fine and rare

£60-80

†712Spanish 3% Interior Loan, 1928, a specimen bondfor 250,000 pestetas, printed by Thomas de la Rue,large format piece with portrait of King Alfonso XIII,mauve, coupons at each side, numbered 000000, smallhole cancels, has been removed from frame and thus alittle faded and toned, tape remains in all four corners,very fine

£60-80

713Alumbrado de Poblaciones, Sucesores de JoséPiñol y Cia., Francisco Estaper y Cia, 500 peseta 5%bond, Barcelona 1902, no.264, very attractive piecewith allegorical figures and generator at top, streetlights form borders, black and buff, small hole cancels,without coupons, amateur repairs to right edge,otherwise about very fine

£60-80

714Compañia Española de los Procedimientos W.A.Loth, S.A., bearer share for 500 pesetas, Madrid1929, no.456, ornate border, compass, anchor andwing logos at top, blue-black with buff underprint,with coupons, extremely fine

£60-80

715El Monte Carmelo, Construcciones y OtrosNegocios, 500 peseta share, series B, Santander 1910,no.0364, St Carmen at top left, large building atbottom right and tile style border, brown, red andblue with pale yellow underprint, single centre fold,otherwise good very fine

£100-120

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716Electra Albacetense S.A., 500 peseta share, Albacete1929, no.6582, winged female in centre, ornateborder, lime green and brown, with coupons, good veryfine

£60-80

717Gran Fabrica de Barajas de Don Pedro Corvajal,one quarter share, San Sebastian 1885, no.148,interesting piece with vignette of town at top, ornateborder of scrollwork and art nouveau style femaleheads flanking title, red, green and brown on brownwaxed paper, extremely fine

£80-100

718Huelva Central Copper Mining Co. Ltd., a groupof 12 certificates for 10 shares of £1 each, London1900 (date omitted in error), no.15412-423, minersat top, ornate border, blue and black with pinkunderprint, with coupons, impressed red duty stamp,some with slight crease to top edge, otherwise extremelyfine (12)

£60-80

719J. Miró Trepat Construcciones S.A., 500 pesetashare, Barcelona 194[6], no.1076, bold piece withbrick style border and underprint of building underconstruction, red, peach and black, with coupons,extremely fine

£60-80

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718

719

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720La Hispano Suiza Fabrica de Automóviles S.A.,500 peseta share, 3rd issue, Barcelona 1906, no.1007,attractive Art Nouveau design with elegant lady inflowing dress, motor car in background, blue, blackand red, no coupons remaining as usual, good edge atright, 3000 issued, about extremely fine

£140-180

A collaboration between J. Castro and Swiss engineerMarc Birkigt the company built top quality motor carsand aircraft engines. It sold off its automotive divisionin 1946 concentrating on engines and armaments.

721La Hispano Suiza Fabrica de Automóviles S.A.,500 peseta share, 7th issue, Barcelona 1918,no.16894, full length vignette of female in ‘artnouveau’ style, motor car in background, black, darkgreen and red, coupons removed from right edge, goodvery fine

£150-200

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722Hispano Suiza Fábrica de Automóviles S.A., 500peseta share, 8th issue, Barcelona 1940, no.021745,full length vignette of female in ‘art nouveau’ style,motor car behind, black, brown and red, no couponsremain, good very fine

£80-100

723La Salvadora, Compania de Securos Maritimos,Avales y Subvenciones, 10 shares of 5000 reales,Barcelona 1857, no.338, lovely ornate bordercomprising of allegorical figures, shipping scenes, coator arms at top, and anchor, sail and barrel at bottom,black printing, with coupons, good very fine

£300-350

724Rincon Silver Lead Mine Ltd., 3 certificates for £1ordinary shares, fully paid, 1[901], no.157-159,ornate border and title, grey-green, together withmore British mining companies in Spain and Portugalcomprising; Linares Lead Mining Co. Ltd., £1 shares,19[15], no.4, decorative title and scrollwork, black onblue paper; Portuguese Mining and ExplorationSyndicate Ltd., 1 shilling founders shares, 19[03],no.4, red; Mondego Tin Dredging Co. Ltd., 5 shillingshares, 19[27], no.904, green; Mondego Valley TinSyndicate Ltd., 1 shilling shares, 19[24], no.331,black, and Tigon Mining and Finance CorporationLtd., 5 shilling shares, 19[29], no.4437, black, all veryfine, no damage but some with pin holes (8)

£60-80

725Sociedad General del Puerto de Pasajes, dividendshare, San Sebastian 1885, no.2967, large formatpiece with panoramic vignette of shipping and port,very ornate border with arms at top, black and green,with coupons, very fine

£60-80

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726Sociedad Minera Titulada La Feliz Primera,Naufragio, Gerona District, certificate for one share,no.386, Barcelona 1851, ornate border with vignettesof mining landscape and tools, black, together withSociedad Minera Titulada Desconfianza, shareno.195, Barcelona 1850, ornate border with mineheader at top, tools and landscape at bottom, blackwith light green underprint, both extremely fine (2)

£60-80

727A small collection of Spanish Mines from theGerona District, including Sociedad Minera TituladaLa Casualidad Segunda, Catalina, no.247; LaCasualidad Primera, Perrotina, no.252; La FelizPrimera Naufragio, no.148; La Feliz Segunda,Carrolina, no.204; and La Feliz Tercera, Trementina,no.32, all dated Barcelona 1851, attractive pieces withornate border, mining tools and scenes on each, black,all extremely fine (5)

£150-200

728A good trio of Spanish mining certificates,comprising Sociedad Minera ‘Desconfianza’, no.139,‘Dudosa’, no.148 and ‘Desengano’, no.159, all datedBarcelona 1850, attractive pieces with ornate borderincluding mining tools and buildings, vignette atbottom of mine workers with ships and building inbackground, black with underprint in green, pink andyellow respectively, all about extremely fine (3)

£100-150

SWEDEN

729Hanefors Kraftaktiebolag, 100 kronor share,Ingelstad 19[20], no.2521, lovely piece with vignettesaround border depicting river scenes from differenttowns, black and pale blue, with coupons, extremelyfine

£60-80

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730Banque de St.Maurice (Succ. de Ch. Stockalper), agroup of 100 certificates for 1 preference share of 100francs, 1921, of only 850 issued, ornate border, blue,with all coupons, extremely fine (100)

£500-600

731Bodensee-Toggenburgbahn-Gesellschaft, 500 francshare, St. Gallen 1907, no.024166, very attractivepiece with ornate border, inset vignettes of the town ofSt. Gallen at top and bottom, black and turquoise,with coupons, good very fine

£40-50

732Holzschuhfabriken A.G. in Lotzwil, 5% MortgageLoan, 1929, a group of 1000 franc bonds (96), seriesB, of only 250 issued, ornate border, blue and black,small hole cancels in signature area, single fold, veryfine to extremely fine (96)

£400-500

UKRAINE

733Sub Carpathian Bank, 500 kopek share, 1920,no.76, very ornate design with large peasant eitherside, cherubs with shield at top, multicoloured, withcoupons, good very fine

£80-100

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SWITZERLAND

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MISCELLANEOUS LOTS734A small collection of South American gold andsilver mines (21), the majority from the 1880’s and90’s, comprising; Tesoro Gold Mines Ltd., £1 shares,1890, 2 examples; La Yesca Gold & Silver Mines Ltd.,£1 shares, 18[95] and 189[7]; Yuruari Co. Ltd., 2s 6dshares, 188[8] and 18[91]; Palmarejo Mining Co.Ltd., £1 preference shares, 18[93]; Tetuan GoldMines Ltd., £1 shares, 188[9]; New Chile GoldMining Co. Ltd., £1 shares (capital £500,000),188[6], 2 examples, and £1 shares (capital£1,000,000), 188[8]; Loma Gold Mines Ltd., £1shares, 1890 and 189[1]; Don Pedro North Del ReyGold Mining Co. Ltd., 186[8]; Costa Rica MiningCo. Ltd., A shares, 18[90], 2 examples, and 18[92];Copaquire Copper Sulphate Co. Ltd., £1 shares,19[02], and Caylloma Silver Mining Co. Ltd., £2shares, 189[4], 189[7] and [1900], many about veryfine, some with very minor damage (21)

£150-200

735A collection of British Companies Mining in SouthAmerica, comprising Purissima Mining & ExplorationCo. Ltd., £1 shares, 18[89], no.200, black; ConcordiaConsolidated Mines Co. Ltd., set of certificates for £1priority shares, part paid, 189[6], no.1125, purple, £1priority shares, fully paid, 189[6], pink, and ordinaryshares, [1900], blue; Victory Gold Mining Co. Ltd., 5shilling shares, circa 1890, brown; Aarons Reefs Ltd.,5 shilling shares, circa 1890, blue; Abangares MiningSyndicate Ltd., £100 shares, 1897, black; San CarlosGold Mine Ltd., 5 shilling shares, 190[7], brown;Macate Mining Co. Ltd., 189[5]; LeopoldinaSyndicate Ltd., 1[901]; Inambari Gold DredgingConcessions Ltd., 190[9]; Leopoldina Terminal Co.Ltd., 19[47] and 19[48], and Famatina DevelopmentCorporation Ltd., 6 pieces 190[5] to 19[12], slightlymixed condition, fine to very fine, earlier pieces better(19)

£150-200

ARGENTINA

736Argentine Republic, 5% Interior Loan, 1907, pairof bonds for $100 and $500 pesos, specimencertificates from the Bradbury, Wilkinson & Co.archives, large formate pieces, ornate border and armsat top, green and blue respectively, English, Frenchand German on reverse, with coupons, both good veryfine

£150-200

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LATIN AMERICA

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737Santa Fé, 7% State Loan 1874, a specimen bond for£100 from the Bradbury, Wilkinson & Co. archives,ornate border, black with mauve underprint, withcoupons, hole cancels in signature area, aboutextremely fine and very rare

£100-120

738Santa Fé, 7% State Loan 1874, bond for £200, aspecimen certificate from the Bradbury, Wilkinson &Co. archives, ornate border, black with greenunderprint, with coupons, small hole cancels insignature area, good very fine

£100-120

739Compañia del Ferro Carril del Oeste, BuenosAyres, 2500 peso share, Buenos Ayres 18[57],no.2235, lovely vignette of early steam train withdriver on open platform, coal tender and stoker and asingle carriage full of passengers, black, repaired tearat top edge, otherwise very fine and rare

£80-100

The first railway to be built in Argentina, incorporatedin 1857. It was heavily financed by the province ofBuenos Aires which was at that time an independentstate, the province becoming sole owner of the line in1863. However due to the State’s debts later in thecentury, it was sold to British company The Buenos AiresWestern Railway Ltd. in 1890.

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737

738

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740Astilleros Escandinavo Argentinos S.A., one shareof 100 pesos, 2nd series, Buenos Aires 19[19],no.0077, Scandinavian style sailboat in centre, ornateborder, black and blue with buff underprint, extremelyfine

£60-80

741Banco Popular de Corrientes S.A., preference sharesof 10 pesos each, Corrientes 19[13], no.5236,attractive piece with allegorical figures at left, ornateborder with coat of arms at top, black and brown,together with River Plate, Compania Internacionalde Seguros Generales y Construcciones, 1 share of100 pesos, Buenos Aires 191[0], vignette of allegoricalfigures with steam train, ship and building behind,black and brown with green underprint, both very fine(2)

£80-120

742La Platense Flotilla Co. Ltd., bearer warrant for £10share, Glasgow 1886, no.827, architectural borderwith vignettes of river scenes at top, black and brownwith yellow underprint, together with more SouthAmerican certificates comprising; Callao & Lima, &Pacific Coast Railway Co., 5 shares of £10 (2), circa1845, blue with mauve underprint; Mexico NorthWestern Railway Co., 5% 50yr first mortgage bond for£100, 1909, steam train at top, blue; Buenos AyresLacroze Tramways Co., 5% consolidated mortgagedebenture for £100, 1914, Federico Lacroze withtram cars at top, olive green and black; CompaniaMinera Nacional Anonima El Callao, 10 shares of 125bolivares each (2), 1887, miners at top, black, andothers (3), first 3 extremely fine, remainder very fine orbetter, one latter piece with filing holes (10)

£100-120

743River Paraná Steam Ship Co. Ltd., £20 shares,187[2], no.60, ornate border, decorative title on scrollwith Argentinian coat of arms and flags below, black,embossed seal bottom left, pin holes in top left corner,about very fine and rare

£60-80

Provided passenger and freight services from Liverpool toRosario (port of the Central Argentine Railway) viaBordeaux, Monte Video and Buenos Ayres. Thecompany’s first passage was made in 1871, and two yearslater the company lost a cargo steamer, the ‘Clan Alpine’and 13 of its staff in an accident at Lizard Point,Cornwall on its journey back to Liverpool.

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BOLIVIA

744Potosi, La Paz & Peruvian Mining Association,certificate for 1 share, London 1827, no.3245, engineturned decoration at left with vignette of mountaininset, black printing on vellum, good very fine

£280-300

English company founded in 1825 in London to minegold and silver in Bolivia.

BRAZIL

745Brazilian 4% Loan of 1889, a specimen bond for£100 from the Bradbury, Wilkinson & Co. archives,ornate border, green and black, small hole cancels,large part of lower left corner cut away, with coupons,about very fine

£60-80

746United States of Brazil, Western of Minas RailroadCo., 5% Guaranteed Loan of 1893, a specimenbond for £100, from the Bradbury, Wilkinson & Co.archive, large format piece with ornate borders,Brazilian arms at top, green and black, with coupons,about extremely fine

£80-100

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746

745

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747United States of Brazil, Railway GuaranteesRescission 4% Loan, 1902, a specimen bond for£100, from the Bradbury, Wilkinson & Co. archive,large format piece with ornate borders, Brazilian armsat top, green and black, with coupons, extremely fine

£100-120

748United States of Brazil, 5% Loan of 1913, aspecimen bond for £500 from the Bradbury,Wilkinson & Co. archive, large format piece withornate border, coat of arms in underprint, orange andblack, with coupons, about extremely fine and rare

£80-100

749United States of Brazil, 61⁄2% Loan of 1927, aspecimen bond for £1000, from the Bradbury,Wilkinson & Co. archive, small coat of arms at top,ornate border, mauve and black, red circular specimenstamp at bottom, extremely fine and rare

£120-150

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748

747

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750State of Alagoas, 5% Gold Loan, 1906, pair ofspecimen bonds for £50 and £100, part of £500,000loan, dated London 1909, ornate scrollwork at sides,coat of arms at top, blue and green respectively,perforated CANCELLED and stamped with filelocation on face, with all coupons, together withcoloured map of the State, light toning, very fine andrare (2)

£150-200

751State of Minas Geraes, 61⁄2% 30yr External SterlingLoan of 1928, a specimen bond for £500 from theBradbury, Wilkinson & Co. archive, large format piecewith State coat of arms at top, green and black, withcoupons, small hole cancels in signature area, good veryfine

£100-120

752State of Minas Geraes, 6% 30yr External SterlingLoan of 1928, a specimen bond for £1000 from theBradbury, Wilkinson & Co. archives, large formatpiece with State coat of arms at top, blue and black,with coupons, red circular Bradbury specimen stampat bottom, good very fine

£100-120

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752

751

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753Bahia Tramway Light & Power Company, FirstMortgage gold debentures, 1905, 3 certificates for$100, Thor at top, ornate border, blue and black,printed by Waterlow & Sons, two with coupons, onewithout, very fine or better (3)

£60-80

754Brazil Great Southern Railway Co. Ltd., a 7% bondfor £500, 1891, no.18, one of only 20 issued, largeformat, plain black printing, good very fine and veryrare

£60-80

Company formed in 1883 by Jose Candido Gomes andEnglish investors. The railway line ran 186 miles in thestate of Rio Grande do Sul, and merged with the statenetwork in 1905, becoming owned by the government in1919

755Brazil Great Southern Railway Co. Ltd., a group of43 6% mortgage debentures 1893, £100 each, 28from the first issue, 1894 and 1895, and 15 from thesecond issue dated 1898 through to 1905, ornateborder, large £100 in underprint, blue and green, allwith coupons, majority with rough edges where couponsremoved, fine to very fine (43)

£180-220

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754

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756Mogyana Railways and Navigation Company, FirstMortgage 5% Sterling Loan, 1914, a specimen bondfor £100 from the Bradbury, Wilkinson & Co. archive,large format piece with ornate border, green andblack, all text in English, with coupons, small holecancels in signature area, about extremely fine

£80-100

.

757Banco de Credito Real do Brazil, 5% mortgage bondfor £11.5.0, Rio de Janeiro 18[83], no.14813, smallformat piece with vignette of allegorical females at top,ornate border, red and green, with coupons,discolouration to top right edge, good very fine

£60-80

758Bank of the State of San Paulo, 6% GuaranteedSterling Mortgage Bonds, series A, 1928, a specimenbond for £500 from the Bradbury, Wilkinson & Co.archive, ornate border, red and black, perforatedcancelled, printers annotation in top margin, aboutextremely fine

£80-100

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759Bank of the State of San Paulo, 6% GuaranteedSterling Mortgage Bonds, series C, 1929, aspecimen bond for £500 from the Bradbury,Wilkinson & Co. archive, ornate border, green andblack, red circular Bradbury specimen stamp atbottom, small edge tear at right, good very fine

£80-100

760Banque de Crédit Hypothécaire & Agricole del’État de Bahia, bond for 500 francs, series A, Paris1913, no.479, attractive piece with allegorical femaleseated under archway forming border, buff and black,with coupons, very fine

£60-80

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761City of San Paulo Improvements and Freehold LandCompany Ltd., a specimen bearer warrant for 1 share of £1,from the Bradbury, Wilkinson & Co. archive, 19—,annotation for 1921, view of the City at bottom, very ornateborder, orange-red and black, text in English and French,with coupons, extremely fine

£60-80

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762Sociedade Editora do Brasil, founders share for 500francs, Paris 190[9], no.01378, vignettes of Rio-de-Janeiro and Lisbonne at either side, green, withcoupons, small spike hole to left side, otherwise extremelyfine

£60-80

BRITISH GUIANA

763British Guiana Government, 1959, 6% BearerDebentures, a set of 4 specimen certificates for $100,$1,000, $5,000 and $50,000, from the Bradbury,Wilkinson & Co. archive, large format pieces, arms ofthe colony at top, printed in black with pinkunderprint, with coupons, overprinted specimen inred, the latter with printers annotations in bottommargin, good very fine and better (4)

£60-80

764British Guiana Government, a group of specimenregistered debentures 61/4% for $10,000 (2) and$50,000 (3), blue and pink respectively, and 61⁄2%debentures for $50,000, $10,000, $5,000, $1,000,$500, $100 and $50, yellow, from the Bradbury,Wilkinson & Co. archive, large format pieces, arms ofthe colony at top, black printing with colouredunderprint, overprinted specimen in red, generallyextremely fine (18)

£200-300

BRITISH HONDURAS765British Honduras Company Ltd., group of 20certificates for one £5 share each, 8 dated 18[60], witha printer’s imprint C & A Doubble, and the rest18[64], without printer’s imprint, black, embossedseal at bottom left, generally good very fine, one earlierexample with water damage (20)

£200-300

CHILE

766Chilian 5% Loan of 1892, a specimen bond for £100from the Bradbury, Wilkinson & Co. archive, lovelyornate border and Chilean coat of arms at top, blackand green, text all in English, small hole cancels insignature area, with coupons, about extremely fine

£80-100

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767Chilian Government 5% State Loan of 1911, aspecimen bond for £20 from the Bradbury, Wilkinson& Co. archive, large format piece with condor at topwithin star, brown and black with large coat of arms inunderprint, text in English and German, withcoupons, about extremely fine

£80-100

768Chilian Government 5% State Loan of 1911, aspecimen bond for £100 from the Bradbury,Wilkinson & Co. archive, large format piece withcondor at top within star, green and black with largecoat of arms in underprint, text in English andGerman, with coupons, about extremely fine

£80-100

769Banco Francés de Chile, a group of 23 foundersshares, Santiago 1917, ornate border, brown and pink,text in Spanish and French, with coupons, generallyextremely fine (23)

£80-100

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COLOMBIA

770Republic of Colombia, 6% Loan, general mortgagebond for £100, London 1824, no.2402, signed byManuel Jose Hurtado, ornate engine turned borderwith Columbian coat of arms at top, black, text inEnglish only, with coupons, slight foxing and damageto top and left edges, otherwise very fine

£400-500

The Republic of Colombia was formed followingindependence from Spain and included the presentterritory of Ecuador Venezuela and Panama, but hadcollapsed by 1830 when Venezuela and Ecuadorwithdrew. The Republic of New Granada emerged(see lots 784 and 785) and lasted until 1863 with theformation of the United States of Colombia.

COSTA RICA

771Republic of Costa Rica, 5% Sterling Funding bondof 1933, £20 bond, no.B07988, ornate border,brown and black, with coupons, together with CostaRica Railway Co. Ltd., a group of 3 certificatescomprising; 6% first mortgage debenture for £100,188[6], no.1141, and 6% second debenture for £100,188[9], no.8851, both with vignette of Bernardo Sotoat top, ornate border, black, and 5% prior mortgagedebenture for £100, 19[03], no.4698, ornate border,green, printed by Waterlow & Sons Ltd., withcoupons, ink stain on the first otherwise very fine (4)

£60-80

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772Compagnie Francaise de Tabacs, ManufactureRoyale la Honradez, 500 franc share, Paris 1870,no.17101, lovely piece with vignettes of factories,coats of arms and machinery within border, red andbuff, with coupons, very small spike hole in bottom leftcorner, otherwise good very fine

£80-100

The company apparently owned factories in Cuba, Spainand Portugal.

773S.A. L’Almendares, Fabrique de Ciments Portland,a la Havane, 100 franc preference share, Brussels1899, no.13147, very attractive piece with busydockside at bottom, palm trees at left, red with palegreen underprint, with coupons, fold at extreme rightotherwise extremely fine

£80-100

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CUBA

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ECUADOR

774El Banco Territorial, 8% bond, 500 sucres, series B,Guayaquil, circa 1910, a specimen certificate from theAmerican Bank Note Co. archive, vignettes ofallegorical female at top, cattle by riverside at bottom,grey-blue and black, stamped specimen in red, withcoupons, good very fine

£60-80

MEXICO

775Republic of Mexico, 1858 internal 10% Loan, bondfor 100 pesos, dated 18[59], no.1622, eagle at top,scrollwork border, black and red on blue-grey paper,with coupons, cut cancelled, good very fine

£60-80

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776City of Oaxaca de Juarez, a group of 5% bonds for500 pesos (5), Oaxaca 1910, no.1538-1542, of only800 issued, ornate border, council seal at top, greenand black, with coupons, printed by the AmericanBank Note Co., all good very fine (5)

£100-150

777City of Oaxaca de Juarez, 5% Loan, 1910, a groupof bonds for 200 pesos (13) and 1000 pesos (13), cityseal at top, ornate border, brown and orangerespectively, all but one of the 1000 pesos withcoupons, very fine and better (26)

£400-500

778City of Puebla de Zaragoza, 1907 5% Loan, threebonds each for 500 pesos, coat of arms at top, ornateborder, green and black, text in French, English andSpanish, with coupons, one has top left corner torn awayotherwise very fine (3)

£80-100

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779National Railways of Mexico(Ferrocarriles Nacionales deMexico), a group of First Preferredstock certificates comprising 10shares, [1909], Morton TrustCompany (40), 10 shares, [1910]to [1923], Guaranty TrustCompany (45), Less than 100shares, [1909], Morton TrustCompany (8), all with portrait ofDiaz in centre, olive green, withcoupons, the last group only fine tovery fine, the rest mixed but most veryfine and better (93)

£600-800

boNdS aNd Share CertifiCateS of the WorLd

780National Railways of Mexico(Ferrocarriles Nacionales deMexico), a group of SecondPreferred Nominative stockcertificates comprising 10 shares,[1909], Morton Trust Company(22), [1910], overprinted GuarantyTrust Company (5), and [1910],Guaranty Trust Company (22), allwith portrait of Diaz in centre,green, with coupons, most very fineand better (49)

£400-500

781National Railways of Mexico(Ferrocarriles Nacionales de Mexico), agroup of Second Preferred Nominativestock certificates, all [1909], MortonTrust Company, for ‘less than 100 shares’,printed ‘two shares’ (10) and ‘four shares’(60), with portrait of Diaz in centre,green, with coupons, generally very fineand better (70)

£400-500

Lots 779 to 781 are being sold on behalf of Lehman Brothers International (Europe) (in Administration)

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782Banco de Durango, S.A., $100 share, Durango1904, no.13492, attractive piece with the bankbuildings in centre, ornate border, brown and black,with coupons, impressed revenue stamp at bottom,extremely fine

£80-100

783Compañia Guayulera Mexicana S.A., 100 pesoshare, Mexico 1906, no.2474, vignette of nativelandscape with palm trees, river and dwelling, ornateborder, blue and light green, with coupons, stampedwith a reduction in capital from $800,000 to$475,000, good very fine

£60-80

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784Republic of New Granada, 1845 Loan, bond for£100, letter A, no.229, countersigned BaringBrothers & Co., engine turned scrollwork to left andright, coat of arms at top, black, printed by Perkins,Bacon & Petch, with coupons, pin holes top left, roughedge where coupons removed, very fine

£120-150

Issued in exchange for its share of the Colombian loans of1822 and 1824 which were in default. Colombia gainedits independence from Spain in 1819 and covered thepresent areas of Colombia, Venezuela, Ecuador andPanama. When the State collapsed in 1830, Ecuadorand Venezuela gained their own independence and theRepublic of New Granada was formed of the presentareas of Colombia and Panama.

785Republic of New Granada, 1845 Deferred Loan,bond for £100, letter A, no.7386, countersignedBaring Brothers & Co., engine turned scrollwork toleft and right, coat of arms at top, blue, printed byPerkins, Bacon & Petch, with coupons, good very fineand rare issue

£120-150

Issued in exchange for its share of the Colombian loans of1822 and 1824 which were in default. Colombia gainedits independence from Spain in 1819 and covered thepresent areas of Colombia, Venezuela, Ecuador andPanama. When the State collapsed in 1830, Ecuadorand Venezuela gained their own independence and theRepublic of New Granada was formed of the presentareas of Colombia and Panama.

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NEW GRANADA

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PANAMA

786Panama: Gold Mines of Cana, a group of 6certificates for $100 shares, New York, 187[8],attractive piece with vignette of miners working aboveground, black, gold seal, all very fine and scarce (6)

£120-150

An American company owning property at Cana,Panama, United States of Colombia. Panama was adepartment of Colombia from it’s independence fromSpain and was separated in 1903 with the formation ofthe Republic of Panama.

PERU787Callao & Lima, & Pacific Coast Railway Co., a setof three certificates for 20, 10 and 5 shares of £10each, £1 paid per share, no’s.42, 333 and 313, notdated but circa 1845, scrollwork at left, green, blackand blue respectively, all with mauve underprint, veryslight crease to corner of second, otherwise extremely fine(3)

£60-80

788National Pisco To Yca Railway Company, 7%/5%Guaranteed Loan, a pair of bonds for £20/100 solesand £100/500 soles, London 1869, steam engine andcoat of arms in centre, ornate border, blue and redrespectively, both with coupons, good very fine (2)

£120-150

789Peruvian Mining Company, certificate for one share,London 1825, no.4590, issued to David BarclayChapman, Banker, ornate scrollwork at left, blackprinting, slight foxing, about extremely fine

£80-100

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788

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790Poyais, General Mortgage Loan of £200,000, £100special bond, 1823, no.342, signed by MajorWilliam John Richardson, MacGregor’s Charged’Affaires in London, large format, black and blueprinting by Whiting with classic scrollwork design attop, coupons at either side, folds with small holes/edgetears, very fine

£150-180

Poyais, Honduras, was given to Gregor MacGregor bythe native ruler in 1820 and MacGregor proceeded to tryto settle the land by financial enticements. Several loanswere floated on the Stock Exchange to raise money forships and infrastructure but all eventually failed.

791Poyais, General Mortgage Loan of £200,000, £100special bond, 1823, no.386, large format, black andblue printing by Whiting with classic scrollwork designat top, coupons at either side, very fine

£120-150

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POYAIS

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792Republic of Uruguay, 1919, 5% External GoldLoan, bond for £20, no.15841, dated 1920, largeformat piece with coat of arms at top, ornate border,red and black, text in English and Spanish, printed byWaterlow & Sons, stamped ‘ASSENTED BOND’ onface, hole cancelled, with 1 coupon (detached), repairsto right edge but about very fine and rare

£80-100

793Palacio Sarandi S.A., 100 peso preference share,Montevideo 192[6], no.0147, an interesting piecewith allegorical female at spinning wheel, very ornateborder with dragon at top left, black with pale blueunderprint, slight foxing and pin holes at top, very fine

£60-80

794Compania Minera Nacional Anonima El Callao, alot 0f 96 certificates for 1 share of 125 bolivares,Cuidad Bolivar 1887, very attractive piece with minersat top, coats of arms at left and right, printed byWaterlow & Sons, with coupons, generally extremelyfine (96)

£500-600

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URUGUAY

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Miscellaneous lot795A small collection of Russian certificates,comprising; Oranian Sawmills, 100 rouble share,no.0951, ornate border, blue; Imperial RussianCotton & Jute Factory Ltd., 10 shares of £5, 18[97],ornate border, black with pale blue underprint; City ofWarsaw, bond for 100 roubles, 1903, black, brownand yellow; VIII Loan of the City of St. Petersburg,41⁄2% bonds for £20 (189 roubles) and £100 (945roubles), 1913, both with colourful ornate borders;Nerchinsk Gold Co. Ltd., 19[09]; Anglo-MaikopCorporation Ltd., 19[11]; Australian Maikop Oil Co.Ltd., fully paid and part paid shares, both [1910];Spies Petroleum Co. Ltd., 19[18]; Premier Oil Co.Ltd., 19[19]; Oil Trust Ltd., 19[24], and Premier Oil& Finance Co. Ltd., 192[4], light creasing and somewith rough edges but generally very fine or thereabouts(13)

£100-120

State Loans

7961822 5% ‘Rothschild’ Loan, bond for 960roubles/£148 sterling, handsigned by NathanRothschild, two headed eagle at top, black printing,text in Russian on face, English and French on reverse,heavy creasing with edge tears, fine

£60-80

797An interesting specimen British Exchequer Bond,for £100,000, dated 1915, in favour of the ImperialRussian Government, payable in gold at the Bank ofEngland in 1920, facsimile signature of JohnBradbury as secretary of the Treasury, scrollworkborder, black, on Bank of England watermarkedpaper, overprinted SPECIMEN, manuscript alterations tothe text for another issue, good very fine and rare

£800-1,000

Sold for £1300 by Spink in 2010.

798Russian Imperial Government, a small group ofshort term 5% treasury bills for 1000 roubles, January1917 (2), February 1917 and March 1917; 5000roubles, January 1917 (2), March 1917 (5), July 1917(2) and August 1917; 10,000 roubles, July 1917,scrollwork at left, black text with brown, orange andred printing respectively, very fine and better, the lastscarce (15)

£120-150

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RUSSIA

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799Imperial Russian Government, Short TermTreasury Bill, £10,000, no.055, dated 1st February1917, redeemable 31st January 1918 at BaringBrothers & Co. Ltd., scrollwork at left, green, signedby the Russian Charge d’Affaires in London, redimpressed duty stamp, a couple of centre folds, very fineto extremely fine and rare

£400-500

800Russian Government, Short Term Treasury Bill,£500,000, no.05, dated 1st May 1917, redeemable30th April 1918 at Baring Brothers & Co. Ltd.,scrollwork at left, black, signed by the Russian Charged’Affaires in London, red impressed duty stamp, acouple of centre folds, very fine to extremely fine and veryrare

£600-800

801Holy Synod of the Empire of Russia, 7% SterlingLoan, a certificate for £[10,000], 1916, no.34, issuedby Glyn, Mills, Currie & Co. as agents for the loan,black, text in English, numerous overprints regardingrepayment of capital as late as 1955, edge splits, fine tovery fine, scarce and interesting

£80-100

City Loans

802City of Elisabethgrad, 61⁄2% Loan, 1918, bond for50 roubles, coat of arms for city at top, orientalscrollwork at bottom, black with yellow underprint,text only in Russian, good very fine

£100-200

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803City of Kieff (Kiev), 5% XXIII Loan, 1914, bondfor £500, city coat of arms at top centre, ornateborder, brown, green and black, text in Russian,English and French, with coupons, good very fine anda rare piece

£650-750

The loan was to be issued mainly in London but a smallpart in Russia. Scrip certificates were issued but notreplace by definitive bonds due to the outbreak of war. Asmall number of bonds have been on the market but thisis the first time that we have offered a £500denomination.

Railways804Imperial Russian Government, 4% Dvinsk-VitebskRailroad Loan, 1894, a group of 42 bonds for £20sterling (or 125 roubles/500 francs), ornate border,black and red, text in Russian on face, English andFrench on reverse, all with coupons, very fine andbetter, some rough edges and small tears (42)

£100-150

805Kursk-Charkov-Azov Railway Company, 4% Loan,1888, bond for £500, no.009, of only 111 issued,ornate border, blue and black, text in Russian, Germanand English, with coupons, heavy folds, fine and veryrare

£300-400

This is the first time the cataloguer has offered thisdenomination and to our knowledge only one or twohave been on the market in the last 20 years.

806Koursk-Kharkof-Azof Railway, group of 4% bondsfor 500 marks (10), and 1000 marks (3), St.Petersburg 1889, large format piece with ornateborder, black with blue and black with redrespectively, text in Russian, French and German, allwith coupons, some with slight edge damage, otherwiseextremely fine and rare thus (13)

£80-100

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807Koursk-Kiew Railway Company, 5 shares of £20each, 1881, ornate border, Tsarist coat of arms at top,black with pale green underprint, text in Russian,English, German and French, pin holes at top, otherwisegood very fine

£180-200

808Moskau-Smolensk Railway, 4% Loan, a set of threebonds for 1,000 dutch gulden, 500 and 1,000 thalers,all 1869, ornate border, coat of arms at top andunderprint vignette of steam locomotive at bottom,red, blue and mauve respectively, text in Russian,German and Dutch, all with coupons (detached), someslight discolouration, but generally very fine (3)

£80-100

809Moscow-Windau-Rybinsk Railway Company, 4%Loan of 1899, bond for £500, St. Petersburg 1899,no.1204, ornate border, red and black, together withImperial Government of Russia, Consolidated 4%Railroad bonds, series 1 and 2, both the scarce highdenomination of 3125 roubles; Moskau-Kiew-Woronesch Railway (3), Moscow 1909; Kursk-Charkow-Asow Railway, St. Petersburg 1889 (4);Russian 41⁄2% State Loan of 1909; and City of MoscowLoan of 1908, £20, all with coupons, some with slightedge damage otherwise about very fine (12)

£100-120

810Imperial Government of Russia, Nicolas Railroad4% Loan, 1867, a group of certificates, one bond for£20 or 125 roubles/500 francs (5), black and brown,and five bonds for £20 (3), black and green, togetherwith Kahetian Railway Company 41⁄2% Loan of1912, bond for £20 sterling (14), brown, and bondfor £100 sterling (5), blue, all with coupons, generallyabout very fine, some of the latter slightly better (27)

£100-150

811Troitzk Railway Company, 4% Loan of 1910,group of 15 bonds for £100 (945 rubles), ornateborder, blue, underprint of £100, text in Russian andEnglish, all with coupons, better than extremely fine(15)

£100-120

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x812Troitzk Railway Company, 41⁄2% Loan, 1910, bondfor £500, no.C12553, of only 100 issued, ornateborder, red and black, text in English and Russian,with coupons, some edge tears but the body about veryfine, rare

£300-400

x813Troitzk Railway Company, 41⁄2% Loan, 1910, bondfor £500, no.C12513, of only 100 issued, ornateborder, red and black, text in English and Russian,with coupons, some edge tears at right and top but thebody about very fine, rare

£300-400

x814Troitzk Railway Company, 41⁄2% Loan, 1910, a pairof bonds for £500, no.C12511 and C12581, of only100 issued, ornate border, red and black, text inEnglish and Russian, with coupons, both with edgedamage and some paper loss, fine (2)

£200-300

815Wladikawkas Railway Company, 4% Loan, 1900,bond for US$1000, St.Petersburg, no.6523, ornateborder, red and black, with coupons, text in Englishand Russian, edge tears on centre fold, fine to very fineand scarce

£80-100

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813

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816Don Mortgage Bank, Taganrog, 41⁄2% Loan, bondfor 10,000 roubles, ornate printing in brown andblack, text mainly in Russian, French, English andGerman in border and on reverse, with coupons,extremely fine and a rare high denomination

£150-200

817Banque Revolutionnaire Internationale, un-issuedsubscription form for up to 10,000 roubles to beinvested in the fund, 1870, text mainly in Russian, asmall amount of French and German on reverse, blackwith green underprint on pink paper, extremely fine

£120-150

818Middle Asia Credit Bank, certificate for 100 sharesof 100 roubles each, Taschkent 1924, ornate orientaldesign, brown and black, text in Russian and Arabic,with coupons, adhesive revenue stamps on reverse,about extremely fine

£300-350

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Banks

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Commercial & Industrial

819St.Petersburg Cotton Mill Co., certificate for oneshare of 1000 roubles, 1851, no.150, ornate border,black, handstamps on front and back showingdividends paid from 1852 through to 1915/16,endorsement on reverse noting the ownership of theshare by the Anglo Russian Cotton factories Ltd., tinynick at left, extremely fine and rare

£800-1,000

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820Schlusselbourg Calico Printing Company, 1000rouble share, 1869, no.300, 4 pages, inside showsdividends paid until 1915/16, also shows ownershipof Anglo-Russian Cotton Factories with signature ofEvelyn Hubbard, about extremely fine and rare

£600-800

821Spassky Cotton Spinning and Weaving Co., 1000rouble share, 1871, no.165, issued to and signed byW.E.Hubbard as director, ornate border withscrollwork in each corner, grey and green, 4 pages, thereverse showing dividends paid to 1915/16, nearextremely fine

£600-800

The following 3 lots are all related in that they were owned and controlled by the English Anglo-Russian CottonFactories Ltd. and the Hubbard family. William Hubbard settled in St.Petersburg in 1769 and some years later was amember of the giant Russia Company. He and his sons carried on a general trading business but in the 1840’s built alarge cotton spinning and weaving factory in the Alexandroff district. A company was formed in 1851 (lot 819) whichwas very successful operating over 1200 looms during the Crimean War. In 1866 the Hubbards bought the derelictSchlusselburg Calico Printing Works and re-equipped it with modern machinery (lot 820) and then acquired theSpassky Mill (lot 821) which had over 800 employees in the 1870’s. John Hubbard, head of the firm, was createdBaron Addington in 1887 and was also a Governor of the Bank of England.

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822Glukhoozersk Portland Cement Company, 100rouble share, St.Petersburg 1914, no.73283, ornateborders, brown and black, with coupons, aboutextremely fine

£60-80

823‘Chleboproduct’ Joint Stock Co., Trading in Corn& Other Rural Productions, 4,000 rouble share,Moscow 1923, lovely ornate design, brown and black,text in Russian, English and French, with coupons,extremely fine

£250-300

824Gesellschaft der Oryszewer Zucker-Fabrik, 500ruble share, Warsaw 1877, no.283, ornate border withscrollwork, tools and other items at top, black andblue, text in Russian and Polish on face, German onreverse, good very fine

£800-1,000

825Hotel d’Europe, 10 shares of 100 roubles, 1873,no.3471-3480, attractive vignette of Hotel at top,ornate border, black with pink underprint, withcoupons, about extremely fine and rare

£800-1,000

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826“I. Got” Rope Factory, one share of 5000 roubles,St.Petersburg 1904, no.172, of only 360 issued,ornate border, mauve and black, with coupons, goodvery fine and rare

£300-400

827Sociéte des Conduits D’Eau a Kiew, a group of 13certificates for 100 rouble share, Kiev 1906, ornateborder, green and black, with coupons, all with dampstaining at bottom right and split along fold, otherwisealmost extremely fine

£400-500

828Societé des Fabriques de Soieries “C. Giraud Fils”,25 shares of 200 roubles, Moscow 1912, no.29901-29925, ornate border, blue with pink and pale blueunderprint, with coupons, good very fine and rare

£100-120

British Companies829A group of Russian Mining certificates, all Britishcompanies, comprising Russian Goldfields Ltd., £1ordinary shares, 191[6], brown; Orsk Goldfields Ltd.,£1 shares, 19[23], blue and pink; Troitzk GoldfieldsLtd., £1 shares, 190[7], red; Nerchinsk Gold Co. Ltd.,19[06]; Russian Mining Corporation Ltd., 19[17];Spassky Copper Mine Ltd., 19[13], 2 examples;Caucasus Copper Co. Ltd., 19[19], and Russo-AsiaticConsolidated Ltd., 19[29], 19[44] and a third19[51], mixed condition but several very fine (11)

£80-100

830A varied group of British companies operating inRussia, comprising Imperial Russian Cotton and JuteFactory Ltd., £3 shares, 19[04], blue; TroitzkGoldfields Ltd., £1 shares, 190[7], red and black;Spassky Copper Mine Ltd., £1 shares, 19[12] and19[39]; Anglo-Russian Trust Ltd., £1 shares, 19[12],2 examples; International Russian Oilfields Ltd., 5shilling shares (2), 19[13]; West Caucasian OilfieldsLtd., 10 shilling shares (2), 191[4]; Nerchinsk GoldCo. Ltd., £1 shares, 19[03]; Russian Petroleum &Liquid Fuel Co. Ltd., 19[03]; Spies Petroleum Co.Ltd., 3 pieces, and Russo-Asiatic Consolidated Ltd.,2s6d shares, 4 examples with capital of £2,800,000,1920’s and 30’s, 7 pieces with capital of£2,789,425.15, 1940’s and 50’s, fine to very fine (26)

£200-300

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831A collection of Russian Oil companies, all Britishregistered, including Anglo-Terek Petroleum Co.Ltd., £1 shares, 19[12], oilfield at top; RussianPetroleum & Liquid Fuel Co. Ltd., ordinary andpreference shares of £1, 19[01] and 19[04]; WestCaucasian Oilfields Ltd., 10s shares, 191[5]; NorthCaucasian Oil Fields Ltd., 25 shares of 10 shillings,191[4]; Caucasian (Tchermoeff) Oilfields Ltd., 10shilling shares, 1914 and 1919; International RussianOilfields Ltd., 5 shilling shares, 3 examples; SpiesPetroleum Co. Ltd., 10 shilling shares, 19[15];Maikop Spies Co. Ltd., 19[14] and 19[36]; MaikopPipeline and Transportation Co. Ltd., £1 shares, 2examples; Maikop Standard Oil Fields Ltd., 191[0];Maikop Midland Oilfields Ltd., 191[0]; InternationalMaikop Ltd., 19[10], and various others, manydecorative, fine to very fine (25)

£300-400

832Anglo-Terek Petroleum Co. Ltd., certificate for £1shares, fully paid, 19[10], no.131, vignette of oil wellsat top, scrollwork at left, black, good very fine

£80-100

Incorporated in 1901. Held two 27-acre oil fields in thearea of Grozny, near the Caspian Sea.

833Russian Tobacco Co., a set of bearer certificates for1, 5, 10, 25, 50 and 100 shares of £1 each, 19[15],allegorical figure at top, ornate borders, blue, mauve,red, green, brown and dark green respectively, printedby Waterlow & Sons Ltd., with coupons, generallyextremely fine or better (6)

£60-80

834Singer Cycle Company (Russia) Ltd., £1 shares,189[7], no.3, issued to the Earl of Norbury andsigned by him as a director, scrollwork at left,decorative title, blue, very fine and a rare piece

£60-80

French & Belgian Companies835Ateliers de Construction, Forges & Fonderies deKhartsisk (Donetz), pair of certificates for 250 francshare and dividend share, both 1898, attractivearchitectural border with vignettes of the company’siron products, brown and green respectively, withcoupons, both good very fine (2)

£60-80

836La Linière de Witebsk, 500 franc share, Brussels1898, no.6422, large full height vignette of allegoricalfemale standing on plinth with factory behind, greenand pink, with coupons, extremely fine

£60-80

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834

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837Métal Déployé S.A. Russo-Belge, 250 franc ordinaryshare, 1896, no.1433, vignette of lathe at bottom,arms of Russia and Belgium at top, architecturalborder, brown, yellow underprint, with coupons,extremely fine

£60-80

UNITED STATES OF AMERICA

Miscellaneous lots838American mining certificates, all issued to the Earlof Norbury, comprising Western AmericanCompany, capital stock shares, 2 examples dated189[9], ornate border, black; Hawthorne Silver &Iron Mines Ltd., $1 shares, 19[10] and 3 more19[11], attractive piece with mining scenes at top,brown and black; Gold Hill Mines Co., capital stock,19[24], American Eagle at top, green and black,together with letter regarding purchase; Dixie GoldMining Co., 5 cent shares, 19[33]; Bay City GoldMines Inc., 2 pieces, 1 cent shares, 19[34]; Oil EmpireInc., 2 pieces 19[38]; Arriba Gold Fields Ltd., 19[29];London Mountain Gold Mining Co., 4 pieces dated19[32]-19[35]; Goldfield Deep Mines Co. of Nevada,19[20] and 4 dated 19[27]; Mining Investment Co.,19[32]; Wayside Placer Co., 19[38]; Gold ProducersInc., 19[37]; National Boston Montana MinesCorporation, 19[34]; International Reduction Co.,19[25]; Bruce Consolidated Mining Co., capital stockshares (4), 19[34] and 19[36], and class A capitalstock (5), 19[37] and 19[38]; B. E. Walter Oil & GasCo., 19[36]; Virginia Iron and Railway Co., 189[2],and Kercheval Production Co., $1 shares, units ofbeneficial interests of $1 each, and 5yr gold bond for$100, all 19[27], many pieces with American Eagle attop and ornate borders, a couple with very slight tearson folds, otherwise generally very fine or thereabouts (41)

£100-150

839Large collection of certificates from the USA,mainly railroad companies, some un-issued, a littleduplication, early to modern, including ConfederateStates of America, 6% Loan, 1864, bond for $500,Washington on horseback at top, black and orange,some with filing holes, generally very fine or thereabouts(approx 100)

£200-300

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Confederate States

8407% Cotton Loan, 1863, a set of 4 bonds for £1000,£500, £200 and £100, no.426, 472, 1143 and 1830,large format with vignette of Confederacy holding flagnext to bales of cotton, black, all with coupons onboth sides, (Ball 156-159, Criswell 116-119), all veryfine (4)

£600-800

State Loans

841Territory of Florida, Bank of Pensacola, 6% bondfor $1000, 1835, series B no.93, plain black printingwith pink paper seal attached, with coupon sheet andcertificate for obtaining interest in London, a couple ofnicks to edges, very fine

£150-200

842Territory of Florida, 6% Loan, 1838, $1000 bond,no.2175, lovely piece with several vignettes includingearly steam train, woman gathering wheat and farmerpicking crops, black, signed by R.K. Call as Governor,together with separate divident warrants for gettinginterest paid in London, heavy centre fold and very lightstaining, otherwise very fine

£200-300

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843Territory of Florida, 6% Loan, 1838, $1000 bond,no.2174, lovely piece with several vignettes includingearly steam train, woman gathering wheat and farmerpicking crops, black, signed by R.K. Call as Governor,together with separate divident warrants for gettinginterest paid in London, slight damage along folds andlight staining, otherwise very fine

£200-300

844State of Georgia, 7% Loan, 1870, bond for $1000,no.251, signed by Governor Rufus B. Bullock,attractive piece with vignettes of the Georgia arch ofConstitution, allegorical females, sailors and menloading wagon, green and black, with coupons, veryfine and scarce

£150-200

845State of North Carolina, Act of December 18 1868,$1000 bond, no.2737, and Act of January 29 1869,$1000 bond, no.6716, both in aid of the WesternNorth Carolina Railroad, and 1869, $1000 bond,no.2494, in aid of the Wilmington, Charlotte &Rutherford Railroad Co., vignette of state capital attop, allegorical figures in top corners, black and blue,with coupons, together with; State of SouthCarolina, Sterling Funded Debt, 6% bonds for £100(2), Columbia 1871, one issued and one unissued,cotton plant at top, allegorical figures at bottom, blackand pink, cancelled, with coupons, and MilitaryDefence of the State of South Carolina, un-issued 7%bond, Charleston 186[-], black, fine to very fine, somewith heavy creasing and damage to coupons wherecancelled (6)

£120-150

846Republic of Texas, 10% Consolidated Fund, bondfor $500, Austin 18[40], signed by J. W. Simmonsas comptroller and Charles De Morse as stockcommissioner, attractive piece with vignettes ofallegorical figures, 5 pointed star below, printed bySouthern Bank Note Co., with coupons, cut cancelled,very fine but toned

£120-150

James Wright Simmons (1790-1858), born inCharleston, South Carolina, educated at HarvardUniversity. Served as comptroller of the Republic ofTexas from 1839 to 1840, and then as treasurer from1840 until November, 1841. Charles DeMorse (1816-1887), born in Leicester, Massachusetts, moving to Texasin the 1830’s to assist in their fight for independence.Stock commissioner under President Mirabeau B.Lamar. Founded the Clarksville Northern Standard in1842 and remained its publisher and editor until hisdeath. During the Civil War, DeMorse organized andserved as Colonel of the 29th Texas Cavalry, a unit thatfought in Arkansas and the Indian Territory. He wasthe commanding officer of the force at the battle ofPoison Springs, near Camden, Arkansas, where anattempted Union advance was repulsed. Following thewar, DeMorse was active in state politics, helpedorganize the Texas Veterans Association, and was adirector of the Agricultural and Mechanical College ofTexas (now Texas A & M University).

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847American Palace Car Co (ME), $100 shares, 19[06],no.1161, lovely vignette of steam train, brown andblack, with related paperwork including a cheque fromthe shareholder, drawn on the London & WestminsterBank in London in payment of the shares; togetherwith Denver & Rio Grande Railroad Co (CO & UT),10 shares, 1909, vignette of Canyon, and WabashRailroad, 1904, fine to very fine (3)

£60-80

848Florida Central Railroad Co (FL), 7% FirstMortgage bond for $1000, 1877, no.227, attractivepiece with steam train in centre and another at lowerright, black, buff underprint and green ‘$1000’ incentre, with coupons, good very fine

£60-80

849International Rail Road Company of Texas (TX),8% Convertible Bond for $1000, 1872, no.605,signed by Galsusha Grow as trustee on reverse,attractive piece with steam locomotive at top, ornateborder, green and black, underprint of $1000, greenadhesive company seal at bottom, with coupons, goodvery fine

£80-100

850Montclair and Greenwood Lake Railway Co (NJ),7% mortgage bond for $100, 1875, no.225B, lovelypiece with vignette of steam train within title, ornateborder, black, gold and red, with coupons, slight nicksto edge and small holes worn on creases, otherwise veryfine

£100-120

851St. Louis, Lawrence and Denver Rail Road Co(KS), first mortgage bond for $1000, 1871, no.30,attractive piece with vignette of steam trains onmeandering track, ornate border, black and orange,with coupons, good very fine

£60-80

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849

Railroads

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852Selma, Rome, and Dalton Railroad Co., (AL/GA),7% mortgage bond for $1000, 1867, no.2535,vignette of agricultural scene with steam train at top,ornate border, black and green, with coupons, veryfine

£60-80

853Wilmington and Manchester Railroad Company(NC & SC), First Preferred Mortgage Bond for $500,1862, no.86, lovely vignette of steam locomotive attop, pink underprint of $500, green paper companyseal, some small stains at top edge, otherwise very fine

£60-80

854Worcester Railroad Company (MD & VA), 6% FirstMortgage Gold Bond for $500, 1876, no.42,vignettes of steam boat on busy river and steam traincrossing bridge, brown and black, with coupons,stamped cancelled, small split on fold at top edge,otherwise good very fine

£60-80

Railroad Literature855Manual of the Railroads of the United States,1883, by Henry V. Poor, 80 pages adverts + contents,cviii introduction, 1055 pp plus 135 pages adverts atthe rear, with maps and plans, bound in green cloth,good condition

£150-200

856Manual of the Railroads of the United States,1889, by Henry V. Poor, 130 pages adverts +contents, xxvii introduction, 1064 pp plus 293 pagesappendix & adverts at the rear, with maps and plans,bound in green cloth, good condition

£150-200

857Poor’s Manual of Railroads, 1919, xvi adverts, 68 +12 +32 pages index + contents, cviii introduction,2088 pp, with maps and plans, bound in green cloth,good condition

£100-120

Commercial & Industrial

858American Express Company, $500 shares, 186[5],no.1596, capital 6,000 shares, overprinted 10,000,signed by Henry Wells as President, William G.Fargo as Secretary and Alexander Holland asTreasurer, dog in centre, railway terminus anddockside behind, black, together with AmericanMerchants Union Express Company, $100 shares,186[9], no.4712, signed by William Fargo asPresident, loaded wagon speeds away from dockside,dog logo at top left, black, both with usualdiscolouration, very fine (2)

£250-350

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854

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859Central Appalachian Company Ltd., a group of 4certificates for one preference share of 500 francs,Brussels 1892, large format pieces, steam train atbottom, vignettes of allegorical figures at sides andtop, green and black, with coupons, good very fine (4)

£60-80

This Belgian company owned land and mines inKentucky, U.S.A. Although no printers imprint thecentral vignette is the same as used on the StaffordshireMines Drainage certificates which are printed byWaterlow & Sons.

860Copper Metals Company (AZ), a group of 114 6%20-year Gold bonds of $100, 1910, decorative titleand ornate border with scrollwork, orange and black,all with coupons, generally very fine and better (114)

£100-150

861Corona Queen Mining Company (NM Terr.), agroup of 83 certificates for $5 shares, 19[08],allegorical female at top left, green and black with goldseal, a handful have condition problems, otherwise veryfine and better (83)

£200-250

The mine was in Lincoln County, New Mexico, about100 miles from Albuquerque.

862Cosmopolitan Electric Underground Telegraph,Telephone, and Electric Light Co (NJ), certificatefor shares of capital stock, Camden, N.J. 18[84],no.613, vignette of female figure with cherubs incentre holding wires, ornate border, black printing onblue paper, very fine

£60-80

863Custer and Maud Mining Company (SD), group ofsix 6% first mortgage bonds for $500, 1892, vignetteof seal at top, ornate border, brown and black, all withcoupons, good very fine (6)

£120-150

864Great Southern Lumber and Railway Supply Co(NY), first mortgage 6% bond for $50, 1882,no.1121, large format piece with vignette of steamtrain in centre, green and black, with coupons, goodvery fine

£60-80Formed in New York in 1881, holding 13,000 acres ofpine forest in Baldwin County, Alabama.

865Gyro Air Lines Inc. (AZ), class ‘A’ capital stock,193[4], no.A2992, red and black, together withAmerican Gyro Company (CO), three certificates forclass ‘A’ capital stock, two 19[33] and another 19[34],no.13850, 177424 and 20559 respectively, companylogo with American Eagle at top, ornate border,brown and black, and Crusader Aircraft Corporation(AZ), class ‘A’ capital stock, 193[7], no.A8178,knight on horseback and aircraft at top, brown andblack, all issued to the Earl of Norbury, generallyvery fine (5)

£100-150

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866International Safety Razor Corporation (NJ), agroup of 89 certificates for less than 100 shares, classB, [1929], factory at top, ornate border, mauve andblack, Central Banknote Co., cancelled, very fine andbetter (89)

£120-150

Incorporated in Virginia in 1919, and later in NewJersey. They manufactured safety razor blades using thetrade names “Liberty”, “Dime”, “Fax”, “Sha-ve-zee”,“Bond”, “Speedway” and “Bob”. The second-largestproducer, after Gillette by the late 1920’s.

867Kansas Waterworks and Irrigation Company Loan(KS), a group of 12 First Mortgage 6% gold bonds for$500 or £103, 1889, large format piece withdecorative title, farmland with livestock beneath, blackand green, with coupons, good very fine (12)

£150-200

868Lehman Brothers Holdings Inc., a specimencertificate for $.10c shares, circa 1988, from the officesof Lehman Brothers, vignette of city of Montgomeryin oval frame at top, founders in bottom corners,green, uncirculated, framed and glazed

£2,000-2,500Formed in 1850 this investment bank had a gloriouscareer, rising to be the 4th largest in the USA beforedeclaring bankruptcy in 2008. This piece is thought tohave come from one of their offices.

869Marconi Wireless Telegraph Company of America,a group of 6 certificates for ‘less than 100 shares’ of$5, all 19[12], no.04289, 04290 and 05551-54,ornate border, vignette at top of Lady Justice betweentwo globes, blue and black, good very fine (6)

£100-120

Italian physicist Guglielmo Marconi’s new inventionwas patented in England in 1896. Following thisMarconi formed the Wireless Telegraph and SignalCompany with the help of his cousin Jameson Davis, andthis was later renamed the Marconi Wireless TelegraphCompany in 1900. Being a British owned companymuch of their work was initially based in England andEurope, but Marconi's radio-telegraphy system becamemore widely recognised following the America’s Cup in1899 where his system was used to communicate betweenships and the newspapers in New York City on theprogress of the yacht race. This sparked worldwideinterest and lead to the formation of the subsidiary, theAmerican Marconi Company.

870Merchants Union Express Co (NY), $100 shares,$35 paid, Auburn N.Y. 186[7], no.805, vignette ofloaded wagon leaving railway goods yard, black, greenunderprint, creased with light discolouration as usual,about very fine

£60-80

boNdS aNd Share CertifiCateS of the WorLd

868

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871Mission Development Company (DE), a group of100 certificates for less than 100 shares, and a groupof 100 certificates each for 100 shares, all dated in the1950’s, all with facsimile signature of J.Paul Gettyas President, allegorical female at top, brown andblue respectively, all perforated cancelled, mostly veryfine to extremely fine (200)

£80-120

872North American Land Company, certificate for[five] shares, 179[5], no.134, signed by RobertMorris as President, black printing with scrollwork atleft, slight damage at top and right edges, good clearsignature, good very fine

£200-300

873North American Land Company, certificate for[one] share, 179[5], no.1309, signed by RobertMorris as President, black printing with scrollwork atleft, some ink burning on signature and top edge,otherwise almost extremely fine

£300-400

Robert Morris (1734-1806), a wealthy merchant whoalso signed the Declaration of Independence andfinanced the Bank of North America, founded the NorthAmerican Land Company with partners JamesGreenleaf and John Nicholson. The company held6,000,000 acres of real estate in Pennsylvania, Virginia,North and South Carolina, Georgia and Kentucky, andwas formed to sell stock secured by the land in order torepay the founders debts. The company failed as the landmarket collapsed, and Morris and his partners wereruined, each ending up in Debtors Prison.

874Springfield Gas Light Company (MA), a group of99 certificates for $25 shares, variously dated 1920’sand 30’s, gas tank in centre, black, embossed seal,most with small hole cancels and stamped cancelled,various printings, generally very fine (99)

£200-250

875United States Land and Investment Company(NY), 6% First Mortgage Convertible Land bond for$1000, New York 1884, no.146, large format piecewith lovely ornate border, State Capitol in centre,black, green $1000 underprint, orange print onreverse, very fine

£60-80

876Vanderbilt Newspapers, Inc (DE), a pair ofcertificates for preferred stock and common stock,192[4], both no.5728, both signed by CorneliusVanderbilt Jr. as president, ornate borders, greenwith green seal and brown with brown sealrespectively, very fine (2)

£60-80

Cornelius Vanderbilt IV (1898-1974), great grandsonof Cornelius Vanderbilt. Worked for the New YorkHerald and the New York Times often writing underthe name of Cornelius Vanderbilt Jr., and went on tolaunch his own newspapers including the Los AngelesIllustrated Daily News, San Francisco Illustrated DailyHerald, and the Miami Tab. The publications provedunsuccessful and made Vanderbilt a loss of nearly $6million. He went on to write numerous books and madethe documentary ‘Hitler’s Reign of Terror’.

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877Vanderbilt Newspapers, Inc (DE), a pair ofcertificates for preferred stock and common stock,192[4], both no.5727, both signed by CorneliusVanderbilt Jr. as president, ornate borders, greenwith green seal and brown with brown sealrespectively, very fine (2)

£60-80

British Companies878An interesting group of British companies miningin North America (9), comprising; Silver PeakMining Co. Ltd., £1 shares, 18[81]; Sam ChristianGold Hydraulic Ltd., £1 shares, 188[8]; Black HillsSyndicate Ltd, £1 shares, 1[909] and debenture for£20, 1909, this with attractive vignette of the miningregion; Tuolumne Gold Mining Co. Ltd., warrant for£2 shares, 18[70]; Ray Copper Mines Ltd., £1 shares,18[99]; Parkes’ Gold & Silver Ores Smelting Co. Ltd.,£1 shares, 18[87]; Denver Gold Co. Ltd., 5 shillingshares, 1888, and Astor Alliance Mines Ltd., £1shares, 18[87], all very fine or better (9)

£120-150

879British mining companies operating in the USA, agroup of certificates comprising Alturas Gold Ltd., £1shares (2), both 188[8], black; Elmore Gold Ltd., 5shilling shares, 18[91], purple; Idaho Exploring Co.Ltd., ordinary and preference shares of 5 shillings each,189[7], purple and orange; Dickens Custer MinesLtd., £1 shares, 189[8], brown; La Plata Mines Ltd.,5 shilling shares, 18[95], black; Holcomb Valley Co.Ltd., 1 shilling shares, 189[5], pink; Eberhardt Co.Ltd., 3 pieces all 18[81]; Pittsburgh ConsolidatedGold Mines Ltd., 188[7]; Esmeralda Ltd., 1889; NewRussell Gold Mining Co. Ltd., 188[8] and 189[0];Wendigo Copper Co. Ltd., 18[91]; Comstock MiningCo. Ltd., 18[88] (this one good very fine), andMontana Mining Co. Ltd., 2 pieces both 189[4], afew with filing holes, one torn, heavy creasing to some butgenerally about very fine unless stated (19)

£150-200

880Newhouse Tunnel Co. Ltd., certificate for ‘B’ sharesof £500 each, [1896], no.81, ornate border andscrollwork at left, red printing on waxed paper,embossed seal at bottom, very fine and rare

£60-80

A mine drainage tunnel servicing all the major goldmines in Idaho Springs and Central City, Colorado. Itwas named after mining magnate Samuel Newhouse,and was started in 1893, not being completed until 1910when it had been renamed the Argo Tunnel.

881Old Lout Mining Co. Ltd., £1 shares, 188[8],no.203, ornate border, brown, with paperwork,together with 2 more British companies operating inAmerica comprising Sapphire and Ruby Company ofMontana Ltd., founders share, 189[2], no.097, ornatetitle and scrollwork at left, green, and MontanaMining Company Ltd., £1 shares, 189[3], no.171,ornate border, blue, all three issued to the Earl ofNorbury, first and last with small edge nicks, the secondbetter, very fine and good very fine (3)

£60-80

882Victorine Gold Mining Company Ltd., 10%mortgage bonds, group of 8 certificates for 10 bondsof £1, 1881, large format, plain black printing, 4pages, all with coupons, creasing on several, mostly veryfine (8)

£60-80

Registered 1881 to acquire the Victoria and MorningStar mines at Kingstown, Nevada.

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THE END OF THE SALE

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teL. home ______________________________________________ teL. offiCe ____________________________________________

fax ____________________________________________________ e-maiL ________________________________________________

SigNature _______________________________________________ vat Number ___________________________________________

please indicate the type of card: viSa viSa debit maSterCard SWitCh ameriCaN expreSS

PAYMENT MADE BY MASTERCARD OR VISA ARE SUBJECT TO A 2% SURCHARGE AND AMERICAN EXPRESS 4%

Card No: Start date: iSSue No: SeCurity Code:

SigNature expiry date Name (oN Credit Card)

please charge all purchases to my card

do not charge my card. i will arrange to send payment. (Spink will only charge your card should you default on the payment terms agreed)

please hold my purchased lots for collectionContinued ...

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SaLe titLe date Code Name SaLe No.

Bonds and Share Certificates Friday 28 November 2014 UNION 14017of the World at 10.00 a.m.

i request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below. i understand that if my bid is successful thepurchase price will be the sum of the final bid and buyer’s premium as a percentage of the final bid, any vat chargeable, also a fee for bidding on the-saleroom.com onlyand surcharge for paying by credit card. the rate of premium is 20% of the final hammer price of each lot. i understand Spink will pursue me for payment for any successfulbid. in addition, i understand and consent that Spink may share my personal details relating to the default with other auction houses and live bidding platforms to protectthemselves from such defaults.

all bids shall be treated as offers made on the terms and Conditions for buyers printed in the catalogue. i also understand that Spink provides the service of executingbids on behalf of clients for the convenience of clients and that Spink will not be held responsible for failing to execute bids. if identical commission bids are received forthe same Lot, the commission bid received first by Spink will take precedence. please note that you will not be notified if there are higher written bids received.

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

Lot Number(in numerical order)

price bid £(excluding buyer’s premium)

Lot Number(in numerical order)

price bid £(excluding buyer’s premium)

Lot Number(in numerical order)

price bid £(excluding buyer’s premium)

69 Southampton Row, Bloomsbury,London WC1B 4ETtel: +44 (0)20 7563 4005fax: +44 (0)20 7563 4037email: [email protected]

YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE.JUST VISIT WWW.SPINK.COM, REGISTER AND LOG

INTO THE SALE.

WRITTEN BIDS FORM

this form should be sent or faxed to theSpink auction office in advance of the sale.references for new clients should besupplied in good time to be taken upbefore the sale. bids received later thanone hour before the start of the sale maynot be processed.

Name ______________________________________________________

addreSS ____________________________________________________

____________________________________________________________

____________________________________________________________

poStCode ___________________________________________________

BONDS AND SHARECERTIFICATES OF THE WORLD

28 NOVEMBER 2014

LONDON

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PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

trade refereNCeS ________________________________________________________________________________________

baNK refereNCeS ____________________________________________________________________________________________________

Lot Number(in numerical order)

price bid £(excluding buyer’s premium)

Lot Number(in numerical order)

price bid £(excluding buyer’s premium)

Lot Number(in numerical order)

price bid £(excluding buyer’s premium)

date SaLe No.

Friday 28 November 2014 14017at 10.00 a.m.

VAT is chargeable on the hammer price andthe buyer’s premium of daggered (†) and (Ω)lots at the standard rate (currently 20%), andon lots marked (x) at the reduced rate(currently 5% on the hammer price and 20%on the buyer’s premium). vat on marginScheme lots (identified by the absence of anyvat symbol next to the lot number) ispayable at 20% on the buyer’s premium only.

BIDDING INCREMENTSbidding generally opens below the low estimate and advances in the following orderalthough the auctioneer may vary the bidding increments during the course of theauction. the normal bidding increments are:up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50

£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500

£20,000 and up auctioneer’s discretion

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TERMS AND CONDITIONS FOR BUYERSThese conditions set out the terms on which we (Spink and Son Limited of 69 Southampton Row, Bloomsbury London WC1B 4ET (company no. 04369748)) contractwith you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.

July/14

1 DEFINITIONSThe following definitions apply in these conditions:Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs;Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below;Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot;Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3;Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to

authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the descriptionin the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordancewith the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/orrestoration work of any kind (including re-enamelling);

Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot;Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in any

catalogue;Reserve the amount below which we agree with the Seller that the Lot cannot be sold;Seller means the owner of the Lot being sold by us;Spink Group Spink and Son Limited, our subsidiaries and associated companies.VAT value added tax chargeable under VAT and any similar replacement or additional tax; andVAT Symbols means the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.

2 SPINK’S ROLE AS AGENT

2.1 All sales undertaken by us either at auction or privately are undertakeneither as agent on behalf of the Seller or from time to time, as principalif we are the owner of the Lot. Please note that even if we are acting asagent on behalf of the Seller rather than as principal, we may have afinancial interest in the Lot.

2.2 The contract for the sale of the Lot will be between you and the Seller.

3 BEFORE THE SALE3.1 Examination of goods

You are strongly advised to examine personally any goods in which youare interested, before the auction takes place. Condition reports areusually available on request. We provide no guarantee to you otherthan in relation to Forgeries, as set out in clause 5.13 of these Termsand Conditions.

3.2 Catalogue descriptions3.2.1 Statements by us in the catalogue or condition report, or made

orally or in writing elsewhere, regarding the authorship, origin,date, age, size, medium, attribution, genuineness, provenance,condition or estimated selling price of any Lot are merelystatements of opinion, and are not to be relied on as statements ofdefinitive fact. Catalogue and web illustrations are for guidanceonly, and should not be relied on either to determine the tone orcolour of any item. No lot shall be rejected on the grounds ofinaccurate reproduction. No lot illustrated in the catalogue andonline shall be rejected on the grounds of cancellation, centring,margins, perforation or other characteristics apparent from theillustration. Estimates of the selling price should not be relied on asa statement that this price is either the price at which the Lot willsell or its value for any other purpose.

3.2.2 Many items are of an age or nature which precludes their beingin perfect condition and some descriptions in the catalogue or givenby way of condition report make reference to damage and/orrestoration. We provide this information for guidance only and theabsence of such a reference does not imply that an item is free fromdefects or restoration nor does a reference to particular defectsimply the absence of any others.

3.2.3 Other than as set out in clause 5.13, and in the absence of fraud,neither the Seller nor we, nor any of our employees or agents, areresponsible for the correctness of any statement as to theauthorship, origin, date, age, attribution, genuineness orprovenance of any Lot nor for any other errors of description or forany faults or defects in any Lot. Every person interested shouldexercise and rely on his own judgment as to such matters.

3.3 Your ResponsibilityYou are responsible for satisfying yourself as to the condition of thegoods and the matters referred to in the catalogue description.

3.4 Extensions – Stamps only3.4.1 If you wish to obtain an expert opinion or Certificate of

Authenticity on any Lot (other than a mixed Lot or Lot containingundescribed stamps) you must notify us in writing not less thanforty-eight hours before the time fixed for the commencement ofthe first session of the sale. If accepted by us, such request shall havethe same effect as notice of an intention to question thegenuineness or description of the Lot for the purposes of clause5.13 (Refund in the case of Forgery) of these Terms andConditions and the provisions of clause 5.13 (Refund in the case ofForgery) shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate ofAuthenticity must give the reason why such opinion is required andspecify the identity of your proposed expert which will be subjectto agreement by us. We reserve the right, at our discretion, torefuse a request for an expert opinion or Certificate of Authenticityincluding (without limitation) where the proposed expert is notknown to us.

3.4.3 If we accept a request for an expert opinion or Certificate ofAuthenticity we will submit the Lot to the Expert Committee. Youacknowledge and accept that the length of time taken by an ExpertCommittee to reach an opinion will vary depending on thecircumstances and in any event is beyond our control.

3.4.4 We will not accept a request for an extension on account ofcondition. Any Lot described in the catalogue as having faults ordefects may not be returned even if an expert opinion or Certificateof Authenticity cites other faults or defects not included in thecatalogue description, other than in the case of a Forgery.

3.4.5 Should Spink accept a request for an extension under theforegoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the Lot.

3.4.6 It should be noted that any stamp accompanied by a Certificateof Authenticity is sold on the basis of that Certificate only and noton the basis of any other description or warranty as to authenticity.No request for an extension will be accepted on such a stamp andthe return of such a stamp will not be accepted.

3.4.7 If you receive any correspondence from the Expert Committeein relation to the Lot, including but not limited to a Certificate ofAuthenticity, you must provide us with copies of suchcorrespondence no later than 7 days after you receive suchcorrespondence.

4 AT THE SALE4.1 Refusal of admission

Our sales usually take place on our own premises or premises overwhich we have control for the sale, and we have the right, exercisableat our complete discretion, to refuse admission to the premises orattendance at an auction.

4.2 Registration before biddingYou must complete and sign a registration form and provideidentification before making a bid at auction. Please be aware that weusually require buyers to undergo a credit check.If you have not bid successfully with Spink in the past, or you areregistering with us for the first time, we reserve the right to require adeposit of up to 50% of the amount you intend to spend. Such depositwill be deducted from your invoice should you be successful. If you areunsuccessful at auction, your deposit will be returned by the samemeans it was paid to Spink.Some lots may be designated, prior to the auction, as “Premium Lots”,which means a deposit may be required before placing a bid on theitem for sale. Information will be posted on our website in such anevent.

4.3 Bidding as PrincipalWhen making a bid (whether such bids are made in person or byway of telephone bids operated by Spink, commission or online oremail bids), you will be deemed to be acting as principal and will beaccepting personal liability, unless it has been agreed in writing, at thetime of registration, that you are acting as agent on behalf of a thirdparty buyer acceptable to us.

4.4 Commission BidsIf you give us instructions to bid on your behalf, by using the formprovided in our catalogues or via our website, we shall use reasonableendeavours to do so, provided these instructions are received not laterthan 24 hours before the auction. If we receive commission bids on aparticular Lot for identical amounts, and at auction these bids are thehighest bids for the Lot, it will be sold to the person whose bid wasreceived first. Commission bids are undertaken subject to othercommitments at the time of the sale, and the conduct of the auctionmay be such that we are unable to bid as requested. Since this isundertaken as a free service to prospective buyers on the terms stated,we cannot accept liability for failure to make a commission bid. Youshould therefore always attend personally if you wish to be certain ofbidding.

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July/14

4.5 On-line BiddingWe offer internet services as a convenience to our clients. We will notbe responsible for errors or failures to execute bids placed on theinternet, including, without limitation, errors or failures caused by (i) aloss of internet connection by either party for whatever reason; (ii) abreakdown or problems with the online bidding software and/or (iii)a breakdown or problems with your internet connection, computer orsystem. Execution of on-line internet bids on www.spink.com andSpink Live is a free service undertaken subject to other commitments atthe time of the auction and we do not accept liability for failing toexecute an online internet bid or for errors or omissions in connectionwith this activity. Buyers who acquire lots on the-saleroom.com willhave a fee of 3% on the hammer price added to their invoice for usingthis facility.

4.6 Telephone BidsIf you make arrangements with us not less than 24 hours before thesale, we shall use reasonable endeavours to contact you to enable youto participate in bidding by telephone, but in no circumstances will webe liable to either the Seller or you as a result of failure to do so.

4.7 Currency ConverterAt some auctions, a currency converter will be operated, based on theone month forward rates of exchange quoted to us by Barclays BankPlc or any other appropriate rate determined by us, at opening on thedate of the auction. Bidding will take place in a currency determined byus, which is usually sterling for auctions held in London. The currencyconverter is not always reliable, and errors may occur beyond ourcontrol either in the accuracy of the Lot number displayed on theconverter, or the foreign currency equivalent of sterling bids. We shallnot be liable to you for any loss suffered as a result of you following thecurrency converter.

4.8 Video imagesAt some auctions there will be a video screen. Mistakes may occur in itsoperation, and we cannot be liable to you regarding either thecorrespondence of the image to the Lot being sold or the quality of theimage as a reproduction of the original.

4.9 Bidding IncrementsBidding generally opens below the low estimate and advances in thefollowing order although the auctioneer may vary the biddingincrements during the course of the auction. The normal biddingincrements are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretion

4.10 Bidding by Spink4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to

the amount of the Reserve (if any), which will never be above thelow estimate printed in the auction catalogue.

4.10.2 The Spink Group reserves the right to bid on and purchaseLots as principal.

4.11 The Auctioneer’s DiscretionThe auctioneer has the right at his absolute discretion to refuse any bidto advance the bidding in such manner as he may decide to withdrawor divide any Lot, to combine any two or more Lots and, in the case oferror or dispute, to put an item up for bidding again.

4.12 Successful BidSubject to the auctioneer’s discretion, the striking of his hammer marksthe acceptance of the highest bid, provided always that such bid ishigher than the Reserve (where applicable), and the conclusion of acontract for sale between you and the Seller.

4.13 After Sale ArrangementsIf you enter into any private sale agreements for any Lot with the Sellerwithin 60 days of the auction, we, as exclusive agents of the Sellerreserve the right to charge you the applicable Buyer’s Premium inaccordance with these Terms and Conditions, and the Seller acommission in accordance with the terms of the Seller’s agreement.

4.14 Return of Lot4.14.1 Once your bid has been accepted for a Lot then you are liable

to pay for that Lot in accordance with these Terms and Conditions.If there are any problems with a Lot then you must notify us within7 days of receipt of the Lot, specifying the nature of the problem.We may then request that the Lot is returned to us for inspection.Save as set out in clause 5.13, the cancellation of the sale of any Lotand the refund of the corresponding purchase price is entirely atour sole discretion. We will not normally exercise that discretion ifthe Lot is not received by us in the same condition that it was in atthe auction date.

4.14.2 No lot may be returned on account of condition if thecondition was stated by a third party grading company (including,but not limited to PCGS, NGC, ANACS, ICG, PMG, WBG).

5 AFTER THE AUCTION5.1 Buyer’s Premium and other charges

In addition to the Hammer Price, you must pay us the Buyer’sPremium at a rate of 20% of the final Hammer price of each lot, a feeof 3% on the hammer price total for using the-saleroom.com and asurcharge for paying by credit card.

5.2 Value Added TaxOther than in respect of Zero-rated Lots (o) VAT is chargeable on theHammer price and the Buyer’s premium of daggered (†) and (Ω) lotsat the standard rate (currently 20%), and on lots marked (x) at thereduced rate (currently 5% on the Hammer price and 20% on theBuyer’s premium). VAT on Margin scheme lots (identified by theabsence of any VAT symbol next to the lot number) is payable at 20%on the Buyer’s premium only.

5.3 VAT RefundsGeneral5.3.1 As we remain liable to account for VAT on all Lots unless they

have been exported outside the EU within 3 months of the date ofsale, you will generally be asked to deposit all amounts of VATinvoiced. However, if a Spink nominated shipper is instructed, thenany refundable VAT will not be collected. In all other cases creditswill be made when proof of export is provided. If you export theLot yourself you must obtain shipping documents from theShipping Department for which a charge of £50 will be made.

5.3.2 If you export the Lot you must return the valid proof of exportcertificate to us within 3 months of the date of sale. If you fail toreturn the proof of export certificate to us within such period andyou have not already accounted to us for the VAT, you will beliable to us for the full amount of the VAT due on such Lot and weshall be entitled to invoice you for this sum.

5.3.3 To apply for a refund of any VAT paid, the proof of exportcertificate must be sent to our Shipping Department clearly marked‘VAT Refund’ within 3 months of the date of sale. No payment willbe made where the total amount of VAT refundable is less than £50and Spink will charge £50 for each refund processed.

VAT Refunds - Buyers from within the EU5.3.4 VAT refunds are available on the Hammer Price and Buyer’s

Premium of Daggered (†) and Investment Gold (g) Lots. You mustcertify that you are registered for VAT in another EU country andthat the Lot is to be removed from the United Kingdom within 3months of the date of sale.

5.3.5 Where an EU buyer purchases a Lot on which import VAT hasbeen charged, no refund of VAT is available from us. It may bepossible to apply directly for a refund on form VAT 65 toHM Revenue & Customs Overeseas Repayment Section,Londonderry.

VAT Refunds – Buyers from outside the EU5.3.6 Where a Lot is included within the Auctioneers’ Margin Scheme

and evidence of export from the EU is produced within 3 monthsof the date of sale, the VAT on Buyer’s Premium may be refunded.

5.3.7 Where the Lot is marked as a Daggered (†) or Investment Gold(g) Lot the VAT charged on the Hammer Price may be refundedwhere evidence of export from the EU is produced within 3months of the date of sale. A refund of VAT charged on the Buyer’sPremium can also be made on receipt of proof of business as acollectibles dealer.

5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an ImportVAT (x) Lot and evidence of export from the EU is producedwithin 3 months of the date of sale, the VAT charged on both theHammer Price and Buyer’s Premium may be refunded. Whererequired, we can advise you on how to export such Lots as a specificform of export evidence is required. Where we advise you on theexport of the Lots, please be aware that the ultimate responsibilityin respect of obtaining a valid proof of export certificate will lie withyou and we will not be responsible for your failure to obtain suchcertificate.

5.4 Payment5.4.1 You must provide us with your full name and permanent address

and, if so requested, details of the bank from which any paymentsto us will be made. You must pay the full amount due (comprisingthe Hammer Price, the Buyer’s Premium and any applicable VAT)within seven days after the date of the sale. This applies even if youwish to export the Lot and an export licence is (or may be)required.

5.4.2 You will not acquire title to the Lot until all amounts duehave been paid in full. This includes instances where specialarrangements were made for release of Lot prior to full settlement.

5.4.3 Payment should be made in sterling by one of the followingmethods:II(i) Direct bank transfer to our account details of which are set

out on the invoice. All bank charges shall be met by you.Please ensure that your client number is noted on thetransfer.

i(ii) By cheque or bank draft made payable to Spink and Son Ltdand sent to Spink at 69 Southampton Row, Bloomsbury,London WC1B 4ET. Please note that the processing chargesfor payments made by cheques or bank drafts drawn on anon-U.K bank shall be met by you. Please ensure that theremittance slip printed at the bottom of the invoice isenclosed with your payment.

(iii) By Visa or Mastercard. A charge of 2% will be applied.Payments exceeding £5,000 can normally only be made bythe card holder in person whilst on our premises.

5.4.4 Payments should be made by the registered buyer and not bythird parties, unless it has been agreed at the time of registrationthat you are acting as an agent on behalf of a third party.

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5.5 InvoicesInvoices may consist of one or more pages and will show: Zero ratedLots (o); no symbol Lots sold under the Auctioneers’ Margin Scheme;Lots marked (g) special scheme Investment Gold; Daggered Lots (†),imported Lots marked (x) and (Ω), (e) Lots with Zero rated hammerfor EU VAT registered buyers.

5.6 Collection of Purchases5.6.1 Unless specifically agreed to the contrary, we shall retain lots

purchased until all amounts due to us, or to the Spink Group, havebeen paid in full. Buyers will be required to pay for their lots whenthey wish to take possession of the same, which must be within 7days of the date of the sale, unless prior arrangements have beenmade with Spink. Without prior agreement, lots will not be releaseduntil cleared funds are received with regard to payments made bycheque.

5.6.2 Unless we notify you to the contrary, items retained by us willbe covered in accordance with our policy which is available forinspection at our offices from the date of sale for a period of sevendays or until the time of collection, whichever is sooner. After sevendays or from the time of collection, whichever is the earlier, the Lotwill be entirely at your risk.

5.6.3 Our policy will not cover and we are unable to acceptresponsibility for damage caused by woodworm, changes inatmospheric conditions or acts of terrorism.

5.7 NotificationWe are not able to notify successful bidders by telephone. WhileInvoices are sent out by mail after the auction we do not acceptresponsibility for notifying you of the result of your bid. You arerequested to contact us by telephone or in person as soon as possibleafter the auction to obtain details of the outcome of your bids to avoidincurring charges for late payment.

5.8 Packing and handling5.8.1 We shall use all reasonable endeavours to take care when

handling and packing a purchased Lot but remind you that afterseven days or from the time of collection, whichever is sooner, theLot is entirely at your risk. Our postage charges are set out at theback of the catalogue.

5.8.2 It is the responsibility of the Buyer to be aware of any ImportDuties that may be incurred upon importation to the finaldestination. Spink will not accept return of any package in order toavoid these duties. The onus is also on the Buyer to be aware of anyCustoms import restrictions that prohibit the importation ofcertain collectibles. Spink will not accept return of the Lot(s) underthese circumstances. Spink will not accept responsibility for Lot(s)seized or destroyed by Customs.

5.8.3 If the Buyer requires delivery of the Lot to an address other thanthe invoice address this will be carried out at the discretion ofSpink.

5.9 Recommended packers and shippersIf required our shipping department may arrange shipment as youragent. Although we may suggest carriers if specifically requested, oursuggestions are made on the basis of our general experience of suchparties in the past and we are not responsible to any person to whomwe have made a recommendation for the acts or omissions of the thirdparties concerned.

5.10 Remedies for non-payment or failure to collect purchases5.10.1 If you fail to make payment within seven days of your stipulated

payment date set out in your invoice, we shall be entitled to exerciseone or more of the following rights or remedies:5.10.1.1 to charge interest at the rate of 2% per month compound

interest, calculated on a daily basis, from the date the fullamount is due;

5.10.1.2 to set off against any amounts which the Spink Group mayowe you in any other transaction the outstanding amountremaining unpaid by you;

5.10.1.3 we may keep hold of all or some of your Lots or otherproperty in the possession of the Spink Group until you havepaid all the amounts you owe us or the Spink Group, even if theunpaid amounts do not relate to those Lots or other property.Following fourteen days’ notice to you of the amountoutstanding and remaining unpaid, the Spink Group shall havethe right to arrange the sale of such Lots or other property. Weshall apply the proceeds in discharge of the amount outstandingto us or the Spink Group, and pay any balance to you;

5.10.1.4 where several amounts are owed by you to the SpinkGroup in respect of different transactions, to apply any amountpaid to discharge any amount owed in respect of any particulartransaction, whether or not you so direct;

5.10.1.5 to reject at any future auction any bids made by you or onyour behalf or obtain a deposit from you before accepting anybids.

5.10.2 If you fail to make payment within thirty-five days, we shall inaddition be entitled:

5.10.2.1 to cancel the sale of the Lot or any other item sold to youat the same or any other auction;

5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, ifthis results in a lower price being obtained, claim the balancefrom you together with all reasonable costs including a 20%seller’s commission, expenses, damages, legal fees, commissionsand premiums of whatever kind associated with both sales orotherwise, incurred in connection with your failure to makepayment;

5.10.2.3 when reselling the Lot, place a notice in our cataloguestating that you successfully purchased the Lot at auction buthave subsequently failed to pay the Hammer Price of the Lot; or

5.10.2.4 take any other appropriate action as we deem fit.5.10.3 If you fail to collect within fourteen days after the sale, whether

or not payment has been made, you will be required5.10.3.1 to pay a storage charge of £2 per item per day plus any

additional handling cost that may apply.5.10.3.2 you will not be entitled to collect the Lot until all

outstanding charges are met, together with payment of all otheramounts due to us.

5.11 Uses of default informationIf you fail to make payment for a Lot in accordance with these Terms andConditions:5.11.1 We reserve the right to refuse you the right to make bids for any

future auction irrespective of whether previous defaults havebeen settled; and

5.11.2 You consent to us disclosing details of such default to otherauctioneers and live bidding platforms, which will include yourname, address, nature of the default and the date of the default.

Auctioneers or live bidding platforms who receive details of the defaultmay rely on such information when deciding whether to enter into atransaction with you in the future.

5.12 Export Licence5.12.1 If required we can, at our discretion, advise you on the detailed

provisions of the export licensing regulations. Where we advise youin relation to export licensing regulations the ultimate responsibilityin respect of any export will lie with you and we will not beresponsible for your failure to apply for any necessary licences.

5.12.2 If the Lot is going to be hand carried by you, you may berequired to produce a valid export licence to us or sign a waiverdocument stating that a licence will be applied for.

5.12.3 You should always check whether an export licence is requiredbefore exporting. Export licences are usually obtained within twoor three weeks but delays can occur.

5.12.4 Unless otherwise agreed by us in writing, the fact that you wishto apply for an export licence does not affect your obligation tomake payment within seven days nor our right to charge interest onlate payment.

5.12.5 If you request that we apply for an export licence on yourbehalf, we shall be entitled to recover from you our disbursementsand out of pocket expenses in relation to such application, togetherwith any relevant VAT.

5.12.6 We will not be obliged to rescind a sale nor to refund anyinterest or other expenses incurred by you where payment is madeby you despite the fact that an export licence is required.

5.13 Refund in the case of Forgery5.13.1 A sale will be cancelled, and the amount paid refunded to you

if a Lot (other than a miscellaneous item not described in thecatalogue) sold by us proves to have been a Forgery. We shall nothowever be obliged to refund any amounts if either (a) thecatalogue description or saleroom notice at the auction datecorresponded to the generally accepted opinion of scholars orexperts at that time, or fairly indicated that there was a conflict ofopinions, or (b) it can be demonstrated that the Lot is a Forgeryonly by means of either a scientific process not generally acceptedfor use until after publication of the catalogue or a process which atthe date of the auction was unreasonably expensive or impracticableor likely to have caused damage to the Lot. Furthermore, youshould note that this refund can be obtained only if the followingconditions are met:5.13.1.1 you must notify us in writing, within seven days of the

receipt of the Lot(s), that in your view the Lot concerned is aForgery;

5.13.1.2 you must then return the item to us within fourteen daysfrom receipt of the Lot(s), in the same condition as at theauction date; and

5.13.1.3 as soon as possible following return of the Lot, you mustproduce evidence satisfactory to us that the Lot is a Forgery andthat you are able to transfer good title to us, free from any thirdparty claims.

5.13.1.4 you must provide to us all evidence obtained by you thata Lot is a Forgery no later than 7 days after you receive suchevidence.

5.13.2 In no circumstances shall we be required to pay you any morethan the amount paid by you for the Lot concerned and you shallhave no claim for interest.

5.13.3 The benefit of this guarantee is not capable of beingtransferred, and is solely for the benefit of the person to whom theoriginal invoice was made out by us in respect of the Lot when soldand who, since the sale, has remained the owner of the Lot withoutdisposing of any interest in it to any third party.

5.13.4 We shall be entitled to rely on any scientific or other process toestablish that the Lot is not a Forgery, whether or not such processwas used or in use at the date of the auction.

6 LIABILITYNothing in these Terms and Conditions limits or excludes our liability for:6.1 death or personal injury resulting from negligence; or6.2 any damage or liability incurred by you as a result of our fraud or

fraudulent misrepresentation.

July/14

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July/14

7 USE OF YOUR PERSONAL INFORMATION7.1 We will use the personal information you provide to us to:

7.1.1 process the bids you make on Lots (whether successful orotherwise) and other auction related services we provide;

7.1.2 process your payment relating to a successful purchase of a Lot;7.1.3 arrange for delivery of any Lot you purchase, which will include

passing your details to shipping providers and, on overseasdeliveries, to customs where they make enquiries regarding the Lot;

7.1.4 inform you about similar products or services that we provide,but you may stop receiving these at any time by contacting us.

7.2 In accordance with clause 4.2, you agree that we may pass yourinformation to credit reference agencies and that they may keep a recordof any search that they do.

7.3 In accordance with clause 5.11, you agree that where you default onmaking payment for a Lot in accordance with these terms and conditionswe may disclose details of such default to other auctioneers and livebidding platforms.

7.4 We are also working closely with third parties (including, for example,other auctioneers and live bidding platforms) and may receiveinformation about you from them.

8 COPYRIGHT8.1 We shall have the right (on a non-exclusive basis) to photograph, video

or otherwise produce an image of the Lot. All rights in such an imagewill belong to us, and we shall have the right to use it in whatever waywe see fit.

8.2 The copyright in all images, illustrations and written material relatingto a Lot is and shall remain at all times our property and we shall havethe right to use it in whatever way we see fit. You shall not use or allowanyone else to use such images, illustrations or written material withoutour prior written consent.

9 VATYou shall give us all relevant information about your VAT status and that ofthe Lot to ensure that the correct information is printed in the catalogues.Once printed, the information cannot be changed. If we incur any unforeseencost or expense as a result of the information being incorrect, you willreimburse to us on demand the full amount incurred.

10 NOTICESAll notices given under these Terms and Conditions may be served personally,sent by 1st class post, or faxed to the address given to the sender by the otherparty. Any notice sent by post will be deemed to have been received on thesecond working day after posting or, if the addressee is overseas, on the fifthworking day after posting. Any notice sent by fax or served personally will bedeemed to be delivered on the first working day following despatch.

11 ADDITIONAL PROVISIONSThe following provisions of this clause 10 shall apply only if you are acting forthe purposes of your business.11.1 Limitation of Liability

Subject to clause 6, we shall not be liable, whether in tort (includingfor negligence) or breach of statutory duty, contract, misrepresentationor otherwise for any:11.1.1 loss of profits, loss of business, depletion of goodwill and/or

similar losses, loss of anticipated savings, loss of goods, loss ofcontract, loss of use, loss of corruption of data or information; or

11.1.2 any special, indirect, consequential or pure economic loss,costs, damages, charges or expenses.

11.2 SeverabilityIf any part of these Terms and Condition is found by any court to beinvalid, illegal or unenforceable, that part may be discounted and therest of the conditions shall continue to be valid and enforceable to thefullest extent permitted by law.

11.3 Force majeureWe shall have no liability to you if we are prevented from, or delayedin performing, our obligations under these Terms and Conditions orfrom carrying on our business by acts, events, omissions or accidentsbeyond our reasonable control, including (without limitation) strikes,lock-outs or other industrial disputes (whether involving our workforceor the workforce of any other party), failure of a utility service ortransport network, act of God, war, riot, civil commotion, maliciousdamage, compliance with any law or governmental order, rule,regulation or direction, accident, breakdown of plant or machinery,fire, flood, storm or default of suppliers or subcontractors.

11.4 Waiver11.4.1 A waiver of any right under these Terms and Conditions is only

effective if it is in writing and it applies only to the circumstancesfor which it is given. No failure or delay by a party in exercising anyright or remedy under these Terms and Conditions or by law shallconstitute a waiver of that (or any other) right or remedy, norpreclude or restrict its further exercise. No single or partial exerciseof such right or remedy shall preclude or restrict the further exerciseof that (or any other) right or remedy.

11.4.2 Unless specifically provided otherwise, rights arising underthese Terms and Conditions are cumulative and do not excluderights provided by law.

11.5 Law and Jurisdiction11.5.1 These Terms and Conditions and any dispute or claim arising

out of or in connection with them or their subject matter, shall begoverned by, and construed in accordance with, the law of Englandand Wales.

11.5.2 The parties irrevocably agree that the courts of England andWales shall have exclusive jurisdiction to settle any dispute orclaim that arises out of, or in connection with, Terms andConditions or their subject matter.

Postal ChargesPrices for books(items sent by this method are not covered by insurance)

Prices for all other items including postage and packaging

Shipments of more than 2kg or volumetric measurement of more than 2kg have tobe sent by courier. Certain countries may incur extra charge when courier servicesare required by our insurance policy. For lots sent by courier please [email protected] for calculation of any further relevant cost in addition tothe above charges.

Value Added Tax (VAT)

Charging of (VAT) at AuctionThe information shown on this page sets out the way in which Spink intends toaccount for VAT.

i. Auctioneers’ Margin Scheme1. Where possible, we will offer Lots for sale under the Auctioneers’

Margin Scheme. Such Lots can be identified by the absence of anyVAT symbol next to the Lot number in the catalogue and will not besubject to VAT on the Hammer Price.

2. Where Lots are sold using the Auctioneers’ Margin Scheme to UKVAT–registered businesses, the VAT on Buyers’ Premium is notrecoverable as input tax. Upon request on sale day, we will issueinvoices that show VAT separately on both the Hammer Price andthe Buyer’s Premium. This will enable VAT-registered businesses torecover the VAT charged as input tax, subject to the normal rules forrecovering input tax.

ii. Zero-Rated LotsLimited Categories of goods, such as books, are Zero-rated (o) for VAT inthe United Kingdom. Such Lots are offered under the Auctioneers’ MarginScheme. In these circumstances no VAT will be added to the Buyer’spremium.

iii. Daggered LotsLots which are Daggered (†) in the catalogue are subject to VAT at 20%on both the Hammer Price and the Buyer’s Premium.

iv. Imported and Omega LotsLots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer price plus 20% on the Buyer’s premium. Lots which bear theOmega symbol (Ω) are subject to VAT at 20% on the Hammer Price andon the Buyer’s Premium. This VAT is payable on items imported fromoutside the EU. In these cases we have used a temporary importationprocedure, which in effect means that the point of importation is deferreduntil the Lot has been sold. At this point the Buyer is treated as theimporter and is liable to pay the import VAT due. We will collect the VATfrom you and pay it to HM Customs and Excise on your behalf.

v. Investment Gold LotsLots marked (g) in the catalogue are exempt from VAT on the HammerPrice and are subject to VAT at 20% on the Buyer’s Premium. A refund ofVAT charged on the Buyer’s Premium can also be made on receipt of proofof business as a collectibles dealer outside of the EU.

Invoice Value UK EU Rest of the WorldUp to £1,500 £10 £15 £20

Up to £10,000 £20 £30 £40

Above £10,001 £20 £50 £60

Weight UK EU Rest of the WorldUp to 1kg £8 for any weight £12 £15

Up to 2kg £8 for any weight £18 £25

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GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

UK - Tim Hirsch Guy Croton Fernando Martínez David Parsons Nick Startup Neill GrangerPaul Mathews Dominic Savastano Tom Smith Ian Shapiro (Consultant)

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando Martínez

CHINA - Anna Lee Tommy ChauCOINS

UK - Mike Veissid Richard Bishop Eleanor Charlotte DixTim Robson Edouard Wyngaard Jon Mann Barbara Mears John Pett

USA - Stephen Goldsmith (Special Consultant) Greg Cole Luke MitchellCHINA - Kin Choi Cheung

BANKNOTES, BONDS & SHARES

UK - Barnaby Faull Mike Veissid Andrew Pattison Monica KruberUSA - Stephen Goldsmith (Special Consultant)

EUROPE - Peter ChristenCHINA - Paul Pei Po Chow Kelvin Cheung

ORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John HaywardBOOKS

UK - Philip Skingley Jennifer MulhollandAUTOGRAPHS

USA - Stephen Goldsmith (Special Consultant)WINES

CHINA - Vincent Cleme Anna Lee Guillaume Willk-Fabia

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeCharles Blane

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMiroslava Adusei-Poku Edward Rivers Luca Borgo Rita Ariete Dora Szigeti

John Winchcombe María Martínez Maurizio Schenini

FinanceAlison Bennet Marco Fiori Mina Bhagat Dennis Muriu Hemel Thakore James Mayo

IT & AdministrationBerdia Qamarauli Leszek Woronowicz Liz Cones Curlene Spencer

Tom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK)

Auction Administration and Marketing & DesignSonia Alves Madison Lang

Finance & AdministrationAleena Nieves

AuctioneersStephen Goldsmith Luke Mitchell Madison Lang

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

Vice ChairmanAnna Lee

AdministrationAngie Ihlofung Newton Tsang Sue Pui Arthur Chan Gary Tan

BANKNOTES

15 November The Numismatic Collector’s Series Sale Hong Kong CSS139/10 December World Banknotes London 1403917 January Banknotes, Bonds & Share Certificates of China and Hong Kong Hong Kong 1501527 January The Numismatic Collector’s Series Sale New York 32128/29/30 April World Banknotes London 150088/9 July World Banknotes London 15028

SALE CALENDAR 2014/2015

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

25/26 November The Philatelic Collector’s Series Sale London 1402527 November Speciallised Great Britain Stamps and Postal History London 1403611 December The Leeward Islands, Bahamas and Turks Islands from the Vestey Collection London 1403318 January David Tett’s Collection of Prisoner of War Mail in East Asia and Dutch East Indies Hong Kong 1501618 January Fine Stamps and Covers of China and Hong Kong Hong Kong 1501721/22 January The Philatelic Collector’s Series Sale New York 15027 January The Federico Borromeo Collection of Nevis Stamps and Postal History London 1501027 January The “Robert Wallace” Collection of Great Britain Line Engraved London 1502028 January East Africa from the Vestey Collection London 1501329/30 January The Philatelic Collector’s Series Sale London 1501131 January The Philatelic Collector’s Series Sale, including Latin America and Europe Lugano SW101518 February The “Lionheart” Collection of Great Britain and British Empire – Part IV London 1501218 March Rhodesia Double Head Issue from the Vestey Collection London 1502116 April The Neville Polakow FRPSL Collection of Northern Rhodesia London 150227/8 May The Philatelic Collector's Series Sale London 1502319 May Western Australia from the Vestey Collection London 1502420 May Specialised Great Britain Stamps and Postal History London 1502515/16 July The Philatelic Collector's Series Sale London 15026August Stamps and Covers of South East Asia Sale during the International Exhibition Singapore 15027

COINS

15 November The Numismatic Collector’s Series Sale Hong Kong CSS132 December Important Collection of Islamic and Indian Coins London 1403815/16 December Ancient, British & Foreign Coins and Commemorative Medals London 1400717 January Banknotes, Bonds & Share Certificates of China and Hong Kong Hong Kong 1501527 January The Numismatic Collector’s Series Sale New York 32125/26 March Ancient, British & Foreign Coins and Commemorative Medals London 150041/2 July Ancient, British & Foreign Coins and Commemorative Medals London 15005

MEDALS

20 November Orders, Decoration, Campaign Medals & Militaria London 1400323 April Orders, Decoration, Campaign Medals & Militaria London 1500123 July Orders, Decoration, Campaign Medals & Militaria London 15002

BONDS AND SHARES

15 November The Numismatic Collector’s Series Sale Hong Kong CSS1328 November Bonds and Share Certificates of the World London 1401717 January Banknotes, Bonds & Share Certificates of China and Hong Kong Hong Kong 1501528 January Stocks and Bonds of the Americas New York 32131 January Bonds & Share Certificates of the World Lugano SW101428 May Bonds & Share Certificates of the World London 15018

AUTOGRAPHS

27 January The Numismatic Collector’s Series Sale New York 321

WINES

20 November Whisky, Cognac and Other Spirits Hong Kong SFW1116 January Wines, Cognacs and Other Spirits Hong Kong SFW12

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BONDS AND SHARECERTIFICATES OF THE WORLD

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