Bonds & Share Certificates of the World

© Copyright 2011

£25

SPINK

LON

DO

N

�B

ON

DS

AN

D S

HA

RE

CE

RT

IFIC

AT

ES

OF

TH

E W

OR

LD

�

16 N

ovember 2011 • L

ondon

STAMPS BANKNOTES MEDALS COINS BONDS & SHARES AUTOGRAPHS BOOKS

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

Bonds andShare Certificates

of the World

16 November 2011 • London

11022 catalogue cover:Layout 1 12/10/11 09:59 Page 1

Stamps, Coins, Banknotes, Medals,Bonds & Shares, Autographs & Books

AUCTION CALENDAR

2011/2012

The above sale dates are subject to change

Spink offers the following servicesValuations for insurance and probate for individual items or whole collections.

Sales on a commission basis either of individual pieces or whole collections.

Stamps18 October Pearls of Arabia - Algeria, Tunisia and Morocco London 1103718 October Pearls of Arabia - Egypt London 1104219 October Pearls of Arabia London 1104319 October Pearls of Arabia - Palestine London 1104419 October Pearls of Arabia - Saudi Arabia London 110459 November The “Fordwater” Collection of Mint Australian Commonwealth London 110419/10/11 November Autumn Collector’s Series Sale London 1103318/19 November The Collector’s Series Sale New York 13729 November The “Agathon” Collection of the First Issue of Russia London 110346 December The Chartwell Collection - Great Britain King Edward VII Essays,

Proofs and Issued Stamps London 1103515 January Fine Stamps and Covers of Hong Kong and China Hong Kong 1200526 January The Winter Collector’s Series London 1200123/24 February The Collector’s Series Sale New York16/17 March The “Tito” Collection of South American Philatelic Rarieties Lugano

Banknotes15/16 November The Collector’s Series Sale New York 3118 December World Banknotes London 1102014 January Banknotes of Hong Kong and China Hong Kong 12006

Bonds and Shares15/16 November The Collector’s Series Sale New York 31116 November Bonds and Share Certificates of the World London 1102214 January Bonds and Share Certificates of Hong Kong and China Hong Kong 12007

Medals24 November Orders, Decorations, Campaign Medals & Militaria London 1101119 April Orders, Decorations, Campaign Medals & Militaria London 12002

Coins15/16 November The Collector’s Series Sale New York 31113 December Ancient, English & Foreign Coins and Commemorative Medals London 1102414 January Fine Coins of Hong Kong and China Hong Kong 12008

Group Chairman and CEOOlivier D. Stocker

Your Specialists

StampsUK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill Granger Paul Mathews Dominic Savastano

USA - Chris Anderson George Eveleth Andrew Titley Ed RobinsonEUROPE - Guido Craveri Fernando Martinez

CoinsUK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKay Arthur Bryant John Pett George Champ

USA - Stephen Goldsmith Matthew Orsini Normand PepinBanknotes, Bonds & Shares

UK - Barnaby Faull Mike Veissid Francesca Girelli Andrew PattisonUSA - Stephen Goldsmith Matthew Orsini

Orders, Decorations, Medals & MilitariaUK - Mark Quayle Oliver Pepys

BooksUK - Philip Skingley Alex Smith

AutographsUSA - Robert Litzenberger

Your Europe Team

Chairman’s OfficeDennis Muriu Monica Kruber

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamEmily Johnston Miroslava Adusei-Poku Luca Borgo Phillipa Brown

FinanceAlison Bennet Marco Fiori Mina Bhagat Alison Kinnaird Shyam Padhiar Billy Tumelty

IT & AdministrationBerdia Qamarauli Maria Martinez Liz Cones Curlene Spencer John Winchcombe

Your America TeamChairman Emeritus

John HerzogHead of NumismaticStephen Goldsmith

Finance & Operations ManagerSam Qureshi

Auction AdministrationRick Penko Patricia Gardner

Marketing & DesignJames McGuire Emily Cowin Clyde Townsend

Finance & AdministrationIngrid Qureshi Marcy Gottberg Ed Robinson

AuctioneerTracy Shreve

Your Asia Team

Gary Tan

Our Environmental Commitment: Paper from Sustainable Forests and Non Hazardous InkFor centuries Spink and its employees have been preserving and curating collectable items. We now wish to play a modest role in preserving ourplanet, as well as the heritage of collectables, so future generations may enjoy both.

We insist that our printers source all paper used in the production of Spink catalogues from FSC registered suppliers (for further information onthe FSC standard please visit fsc.org) and use inks containing non hazardous ingredients. Spink recycle all ecological material used on our premisesand we would encourage you to recycle your catalogue once you have finished with it.


In sending commission bids or making enquiries,this sale should be referred to as MATADOR - 11022

Spink:69 Southampton Row, Bloomsbury

London WC1B 4ET

Vat No: GB 791627108

Telephone: 020 7563 4000Fax: 020 7563 4066

Web Site:For more information about

Spink services, forthcoming sales and sales resultsyou can access the Spink web site at

www.spink.com

Purchase a catalogue:Please telephone

020 7563 4080 orfax 020 7563 4085 or

e-mail [email protected] for details.

Bonds and Share Certificates of the WorldWednesday 16 November 2011 at 10.00 a.m.69 Southampton Row, Bloomsbury, London WC1B 4ET, UK

and on

Front Cover Illustration: 328

Back Cover Illustrations: 168, 449

Viewing at 69 Southampton Row:Tuesday 15 November 2011 10.00 a.m.- 5.00 p.m.and during the sale

YOUR SPINK TEAM FOR THIS SALE

For your questions about the sale lots:Mike Veissid+44 (0)20 7563 4075 / [email protected]

For your bids:Miroslava Adusei-Poku+44 (0)20 7563 4020 Fax: +44 (0)20 7563 [email protected]

For your internet bidding:Berdia Qamarauli+44 (0)20 7563 4089 / [email protected]

For your payment:Shyam Padhiar+44 (0)20 7563 4023 / [email protected]

For your VAT enquiries:John Winchcombe+44 (0)20 7563 4101 / [email protected]

Spink is pleased to be entering its fifth year using Spink Live, the internet bidding service which has revolutionized theway in which our clients bid at auction. If you have not already had the opportunity to try this state-of-the-art biddingtool feel free to contact us today for personal assistance in getting started. We are very proud of how the programmehas developed over the years and are looking forward to a record breaking year in 2011. For more information contactBerdia Qamarauli today Tel: +44 (0)20 7563 4089 Email: [email protected]

Use this QR code to visit our online catalogue and leave proxy bids on Spink Live.You can download the QR Code Reader for iPhone, Blackberry and Android from App Store on your smartphone

11022 catalogue pages:Layout 1 12/10/11 10:02 Page 1

Page 2

Bonds and Share Certificates of the World

www.spink.com

AFRICABritish East Africa 1ABritish Central Africa 2ASouth Africa 3 - 10AFrench Colonial Africa 11AFrench West Africa 12 - 13A

OTTOMAN EMPIRE, EGYPTAND MIDDLE EASTOttoman Empire 14 - 17AEgypt 18 - 30AEthiopia 31ATunisia 32A

ASIAChina and Hong Kong:Foreign Loans 33 - 154AInternal Loans 155 - 165ARailways 166 - 169AShipping 170 - 173ARoads and Buses 174 - 176ABanks 177 - 186AInsurance Companies 187 - 188ALand and Investment 189 - 195AMining Companies 196 - 199APublic Utilities 200 - 209ACommercial and Industrial 210 - 225AIndia, Burma and Ceylon 226 – 254AJapan 255 - 258ANetherlands Indies 259A

AUSTRALASIAAustralia 260 - 293ANew Zealand 294 - 296A

CANADA 297 - 317AEUROPE

Miscellaneous Lots 318 - 319ABelgium 320 - 328ABulgaria 329 - 332ACroatia 333 - 335ACzechoslovakia 336 - 337AFinland 338 - 339AFrance 340 - 356AGermany 357 - 368AGreece 369 - 371AHungary 372 - 374AItaly 375 - 376ALithuania 377 - 379ANorway 380APortugal 381 - 394ARoumania 395 - 396ASerbia 397ASpain 398 - 409ASweden 410ASwitzerland 410A Yugoslavia 411A

INDEX BY COUNTRYGREAT BRITAIN AND IRELANDGovernment Loans 412 - 413Canals 414 - 422Railways 423 - 446Tramways and Cabs 447 - 454Shipping Companies 455 - 471Aviation 472 - 474Motor Cars and Cycles 475 - 483Piers, Docks and Harbours 484 - 485Banks, Insurance and

Finance Companies 486 - 497Mining and Quarrying 498 - 521Gas and Water Companies 522 - 528Telephone and Telegraph 529 - 531Hotels and Breweries 532 - 537Sport and Recreation 538 - 551Printing and Publishing 552 - 556Commercial and Industrial 557 - 577

LATIN AMERICAArgentina 578 - 580Bolivia 581 Brazil 582 -589Chile 590 - 595Colombia 596 - 597Cuba 598 - 603Dominican Republic 604 Ecuador 605 Haiti 606 Mexico 607 - 632New Granada 633Paraguay 634Peru 635Poyais 636Uruguay 637 - 638

WEST INDIESBarbados 639

RUSSIAMiscellaneous Lots 640 - 642State Loans 643 - 646City Loans 647 - 651Railways 652 - 656Foreign Companies 657 - 667

UNITED STATES OF AMERICAMiscellaneous Lots 668 - 669Confederate States 670 - 675State Loans 676 - 691Railroads 692 - 696Motor Cars 697 - 699Mining Companies 700 - 704Express Companies 705 - 707Commercial and Industrial 708 - 710British Companies 711 - 721


November 16, 2011 - London

Page 3

Agriculture 328, 334, 339, 387, 612Aviation 403, 472-474Banking 18, 21, 22, 27, 28, 31, 32, 36-50,

63-66, 167-186, 184-186, 226, 258,263-266, 330, 333, 335, 338, 341, 342,369, 372, 378, 379, 383, 396, 397, 400,

486-490, 493, 494, 619-628, 676-679,681-690, 708

Breweries 356, 359, 386, 533, 716, Bridges 351Building 394Buses 174, 176Canals 414-422Cemeteries 565Chemicals 214, 215Cinema 250City Loans 175, 255, 256, 358, 377, 585,

611, 647, 648, 649-651, 715Coal 246, 302, 303Coffee 238, 399Colonial Trade 2, 3, 9, 11-13, 19, 230, 259Cotton 381, 631Cycles 476, 481, 483Diamonds 8Docks & Wharves 484, 485Electricity 169, 205-207, 228, 269,

318, 362, 399Explosives/Nitrate 563, 574, 575Finance 241Food & Drink 210, 221, 245, 313, 314,

537, 566, 573, 577Gas 526-528Government 25, 26, 33, 35, 55, 56,

92-156, 159, 160, 162, 165, 231, 261,262, 267, 322, 325, 326, 332, 357, 382,

401, 412, 413, 578, 579, 582, 584,590-593, 596, 598, 604-609, 636, 640,643-646, 670-675, 680, 691, 719-721

Hotels 226, 228, 247, 343, 532, 567-569Insurance 187, 188, 242, 257, 376, 402,

486, 487, 495-497, 638Investement 192-195Iron 324, 336, 561, 562

THEMATIC INDEXLand 23, 189-195, 243, 304, 305,

312, 360, 632, 633Loan and Mortgage 7, 662, 663, 712Leisure 211, 327, 348, 349, 388-391,

538, 540, 541, 544, 545Manure/Phosphates 384Military 33, 157, 158, 161, 163, 164,

297, 321, 668Mining 1, 4, 5, 10, 16, 196-199, 226,

252, 260, 268, 270, 271, 272-293,307-311, 315-317, 368, 398, 408,

498-521, 557, 589, 597, 602, 603, 666,669, 700-704, 706, 707, 713, 714,

717-719 Motor Cars 347, 354, 399, 404, 454,

475, 477-480, 482, 695-699Music 340Oil 14, 220, 226, 253, 308, 355,

657, 660, 661, 664, 667, 669Paper 15, 380Printing 217, 552Public Utilities 200-209Publishing 350, 352, 553, 554, 555,

556, 693Railways 17, 24, 33, 34, 51, 53, 54, 57-62,

67-91, 166-176, 226, 248, 294, 295,298-306, 371, 400, 405-407, 409,

423-454, 534-536, 580, 581, 583, 586,594, 595, 599-601, 610, 613-618, 634,

634, 635, 639, 641, 642, 652-656, 666, 692, 694, 710

Rubber 226Shipping 171, 172, 173, 229, 346,

364-367, 392, 400, 417, 455-474, 587, 705

Sport 539, 542, 543Telegraph 529, 530Telephone 208, 531Textiles 216, 218, 227, 323, 370Theatre 213, 329, 546, 551Tobacco 219, 228Tramways 6, 168, 344, 447-453Waterworks 200-204, 375, 381, 523-525Wood 331, 380, 560



AFRICA

BRITISH EAST AFRICA

1Tanganyika Goldfields Ltd., a group of bearerwarrants for 100 shares (13) and 50 shares (2),19[28], ornate borders, orange and blue respectively,text in English and French, with coupons, very fine toabout extremely fine. (15)

£100-120

BRITISH CENTRAL AFRICA2British Central Africa Company Ltd., a specimencertificate for 10/- shares, 19-, from the Bradbury,Wilkinson & Co. archives, annotation on thecounterfoil for 1924, coat of arms in centre, ornateborder, green with pink underprint, with counterfoil,perforated SPECIMEN, extremely fine.

£60-80

SOUTH AFRICA

3British South Africa Company, a pair of specimenmortgage debentures for £500 and £1000, from theBradbury, Wilkinson & Co. archive, undated but circa1890, E0000 and F0000, ornate borders with steamtrain, natives, wagons and coat of arms, underprint ofriver scene with elephant and ostriches, green andblack, with coupons, extremely fine. (2)

£120-150

WEDNESDAY 16 NOVEMBER 2011

Commencing at 10.00 a.m.

All Sales are subject to the Conditions of Business printed at the back of this catalogue

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 numers of lots are shown in most cases


Page 5


www.spink.com

4Doornkop Gold Mining Company Ltd., Cape ofGood Hope, a group of certificates for £1 shares,189[5], all issued to Henry B Rhodes of Carlisle,black, ‘valueless’ in pencil across face otherwise very fine.(9)

£100-150

5Great Sheba Gold Mine Ltd., bearer warrant for oneshare of £1, 18[89], no.2060, black, with coupons;together with other British Companies operating inSouthern Africa including Swazi Goldfields Ltd.,189[0]; Exploration Co. Ltd., unissued bearer warrantfor 5 shares, 190-, attractive piece with allegoricalfigures; Madagascar Rubber Co. Ltd., 2 types, both1910, and one other, generally very fine and better. (6)

£60-80

6Johannesburg City and Suburban Tramway Co.Ltd., a specimen bearer warrant for 5 shares of £1,from the Bradbury, Wilkinson & Co. archive, 189-,vignette of horse drawn tram at top left, city street atbottom, ornate border, blue and black, with coupons,numbered B0000, extremely fine

£80-100

7Natal Permanent Building Loan and InvestmentAssociation, a specimen certificate for £5 share fromthe Bradbury, Wilkinson & Co. archives, Durban,186-, attractive heading, red and black, glue residueon left back edge, extremely fine and a scarce date forSouth Africa.

£50-60

8Orion Diamond Mining Co. Ltd., a specimencertificate for one £10 share, 18- (circa 1882), smallvignette in centre, blue, overprinted SPECIMEN/W.W.SPRAGUE & CO. in red but the printers imprint isWaterlow & Sons Ltd., with coupons, overalldiscolouration, very fine.

£60-80

9South West Africa Co. Ltd., a group of 3 specimencertificates from the Bradbury, Wilkinson & Co.archive, comprising registered ordinary shares,undated but circa 1910; 50 shares to bearer (2), bothidentical design with ornate borders, text in Englishand German, but one printed in blue and the othergreen, the blue annotated 1911, the green undated,with coupons, the first with centre fold otherwise aboutextremely fine. (3)

£100-150

10Treasury 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 toextremely fine. (4)

£100-150


Page 6


Page 7

FRENCH COLONIAL AFRICA11A small lot of French Colonial African companies,including Société Commerciale Africaine, GrandBassam 1925 (fully issued but date missing); Kayes-Bank, 100 francs, Paris 1911; La Séricicole du Congo,100 francs, 1927; Compagnie Fédérale Soudanaise,100 francs, 1927; Mines de Bou-Arfa, 2500 francs,circa 1920; Société Minière Intercoloniale, 4 differentissues, 1945, and, others (3), most with coupons,several with vignettes, generally very fine and better.(12)

£80-100

FRENCH WEST AFRICA12Kokumbo (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,generally extremely fine. (4)

£80-100

13Soc. Francaise du Dahomey, pair of certificates forfounders share, 1923 over 1920, and 500 franc share,1920, colourful pieces with palm trees and river scene,native huts, bananas, pineapple and crocodile,multicoloured, with coupons, both extremely fine, thefirst rare. (2)

£80-100

OTTOMAN EMPIRE,EGYPT & MIDDLE EAST

OTTOMAN EMPIRE

14Anglo-Ottoman Oilfields Limited, bearer warrantfor 100 shares of 5 shillings, 19[10], no.D1959, largeformat, ornate border with small vignette of ‘gusher’at top, red and black, text in English and French withsome Arabic in central medallion, with coupons, goodvery fine.

£200-300

15Ottoman Paper Manufacturing Company Ltd., onefounders share of £100, 18[90], no.76, of only 100issued, together with £10 preference shares, 18[90],no.195, scrollwork at left, blue and red respectively,with a few related receipts and a handwritten list of allthe founders, very fine and scarce. (2)

£150-200

16Souback & Catir Alan Mining Co. Ltd., £1 shares,188[2], no.158, issued to Ellen Baring, black, fine,some tears top and bottom edges. A rare type notpreviously seen by the cataloguer.

£60-80



www.spink.com

17Syria Ottoman Railway Co. Ltd., a group of 25certificates for one preference share of £20, 189[3],attractive heading with logo in centre, black on greenpaper, mostly very fine to about extremely fine. (25)

£300-400

EGYPT

18Agricultural Bank of Egypt, a specimen certificatefor 25 ordinary shares of £5, Cairo 1906, from theBradbury, Wilkinson & Co. archive, attractive vignetteof oxen driving a well, ornate border, orange-brownand black, text in English, Arabic and French,numbered 00000, with coupons, glue residue onreverse left edge, about extremely fine.

£60-80

19Anglo-Belgian Company of Egypt Limited, bearerwarrant for 5 shares of £2 10s each, a specimen fromthe Bradbury, Wilkinson & Co. archives, numberedE000, circa 1910, vignette of steam train passingpyramid, ornate border, blue and black, with coupons,extremely fine. To the cataloguer’s knowledge only issuedcertificates for 1 share have been seen previously. Fromthis specimen it would appear that only 25 of thisdenomination were intended for printing!

£80-100

20Anglo-Belgian Company of Egypt Ltd., bearerwarrant for 100 shares of £5, a specimen certificatefrom the Bradbury, Wilkinson & Co. archives,annotation dated 1907, steam train at top, ornateborder, text in English and French, red and black, withcoupons, good very fine

£80-100

21Commercial Bank of Egypt, a group of 21certificates for one share of £4, Alexandria 1920,architectural border with ancient motifs, femalewalking in an oasis with pyramids and Sphinx behindat left, text in French, Arabic and English, severalendorsements on face of capital changes, withcoupons, very fine to extremely fine. (21)

£200-300

22Crédit Foncier Égyptien S.A., a group of certificatesfor one share of £20/500 francs, Cairo 1880 (7),1882 (1) and 1905 (67), all with the same Moorishdesign, green and black, text in English, Arabic andFrench, with coupons, the early issues with somestaining and edge tears, poor to about very fine, the 1905issue are generally very fine to about extremely fine withedge tears at the top edge on a few pieces. (75)

£200-250

23Egyptian Delta Land & Investment Company Ltd.,a set of four specimen certificates from the Bradbury,Wilkinson & Co. archives for 1, 5, 25 and 50 shares of£1, 19-, printers’ annotation on each dated 1907,green, blue, brown and red respectively, with coupons,very fine to extremely fine. (4)

£150-200

24Egyptian Delta Light Railways Ltd., a group ofcertificates for 5 preference shares of £1, comprising18[99], capital £530,000, 19[01], capital £854,370(4), 19[04], capital £965,400 (3), and, 190[9], capital£1,360,000 (5), all with ornate border, red and black,printed by Bradbury, Wilkinson & Co., with coupons,mixed condition, a handful with edge nicks at top, aboutvery fine, the first scarce. (13)

£60-80


Page 8


Page 9

25Egyptian Improvements Corporation, a series ofbearer £4 share certificates for 1 share (10), capital£1,000,000, 5 shares (4) and 25 shares (5), capital£2,000,000, all dated Cairo 1906 or 1907, ornateborder with Egyptian designs of bird and Sphinx, blue& yellow, green and blue & pink, with coupons, the 5shares have edge splits at top, fine to very fine, the restgood very fine. (19)

£200-300

26Egyptian Improvements Corporation, a group of71 bearer certificates for one £4 share, capital£1,000,000, Cairo [1906], ornate border withEgyptian designs of bird and Sphinx, blue & yellow,with coupons, mixed condition but many are good veryfine and better. (71)

£400-600

27National Bank of Egypt, a specimen certificate for 1share of £10, Cairo 1898, from the Bradbury,Wilkinson & Co. archive, capital £1,000,000, ornateborder, text in English, Arabic and French, blue andblack, with coupons, about extremely fine.

£80-100

28National Bank of Egypt, a specimen certificate for 10shares of £10, Cairo 1898, from the Bradbury,Wilkinson & Co. archive, capital £1,000,000, ornateborder, text in English, Arabic and French, brown andblack, with coupons, about extremely fine.

£80-100

29Sednaoui Zariffa Nahas & Co. Ltd., bearer warrantfor 1 share of £4, 190-, a specimen certificate from theBradbury, Wilkinson & Co. archives, vignette of palmtrees and pyramid, text in English and French, blueand black, with coupons, overprinted SPECIMEN inseveral places, extremely fine

£60-80

30Société Anonyme du Béhéra, a proof/specimen £20founders’ share, circa 1895, from the Bradbury,Wilkinson & Co. archive, large format piece withSphinx at top, pyramids and oasis at bottom, red-brown with blue underprint, numbered 0000,stamped PROOF at bottom, very fine.

£60-80

ETHIOPIA31Bank of Abyssinia, a pair of specimen certificates for1 share and 5 shares of £5, from the Bradbury,Wilkinson & Co. archives, Cairo 1906 and 19-, ornateborders, blue and black and red and black, text inEnglish and French, overprinted SPECIMEN in severalplaces, extremely fine. (2)

£80-100

The company was formed in Egypt with it’s Head Officein Cairo but administered from Adis-Ababa.

TUNISIA32London Bank of Tunis Ltd., founders’ share and£500 ordinary shares, both 18[74], both no.28,scrollwork at left, embossed seal, black on pink andblack respectively, very fine. (2)

£80-100



www.spink.com

ASIACHINA AND HONG KONG

Foreign Loansx33A small collection of Chinese bonds, comprisingCanton Kowloon Railway, 1907, £100; TientsinPukow Railway, 1908, £100, £50 paid, English issue,scarce; 1917 Military Loan, 1000 yuan; 1930 RailwayMinistry, Canton-Hankow Railway, set of bonds for 4,40 and 100 yuan; Kwangtung Government, 1912loan, $10, and others (6), generally very fine. (13)

£200-250

34A collection of Chinese bonds, including 1898,£100 both English and German issues; 1911 HukuangRailways, £20, French issue and £100 American issue;1912 5% Gold Loan, £20 and £100; Province ofPetchili, 1913, £20; 1919, Vickers £100; 1922Railway Equipment Loan, £20; 1925 Skoda Loan,£10 and £50, and others (11), generally fine to veryfine. (22)

£300-400

351895 4% Gold Loan, bond for 500 francs,no.407852, issued in St.Petersburg, ornate border,brown, black and yellow, red ‘chop’, with 2 coupons,5 large cancellation holes as normal, remains of smalltape repairs at edges, fine.

£300-350

x361898, 41⁄2% Gold Loan, £25 bond, no.1465, issuedby the Hongkong and Shanghai Banking Corporation,large format, red and black, with coupons, minor edgenicks but much better than average for this issue, veryfine.

£400-500

x371898, 41⁄2% Gold Loan, £25 bond, no.264, issued bythe Hongkong and Shanghai Banking Corporation,large format, red and black, with coupons, a few edgetears at top and left edges with small pieces missing butthe body is fine to very fine.

£250-300


Page 10


Page 11

x381898, 41⁄2% Gold Loan, £50 bond, no.1036, issuedby the Hongkong and Shanghai Banking Corporation,large format, orange and black, with coupons, left edgea little ragged, with old tape repair at left centreotherwise nearly very fine.

£250-300

x391898, 41⁄2% Gold Loan, £50 bond, no.1061, issuedby the Hongkong and Shanghai Banking Corporation,large format, orange and black, with coupons, a fewold tape repairs with small piece missing at centre right,many small edge tears, fair.

£200-250

x401898, 41⁄2% Gold Loan, a group of 50 bonds for£100, issued by the Hongkong & Shanghai BankingCorporation, large format, brown and black, withcoupons, mixed condition a few with damage butgenerally fine to very fine. (50)

£1,500-2,000

x411898, 41⁄2% Gold Loan, a group of 50 bonds for£100, issued by the Hongkong & Shanghai BankingCorporation, large format, brown and black, withcoupons, mixed condition a few with damage butgenerally fine to very fine. (50)

£1,500-2,000

x421898, 41⁄2% Gold Loan, £500 bond, no.308, issuedby the Hongkong and Shanghai Banking Corporation,large format, mauve and black, with coupons, splitalong heavy centre fold, left and right edges trimmed,fine.

£300-400

x431898, 41⁄2% Gold Loan, £500 bond, no.1306, issuedby the Hongkong and Shanghai Banking Corporation,large format, mauve and black, with coupons, a fewedge tears as usual and a small piece missing from topedge, fine.

£300-350

x441898 41⁄2% Gold Loan, a pair of bonds for £25,issued by the Deutsch-Asiatische Bank, large format,red and black, text in German and English, withcoupons, both are extremely good condition for this issue,clean, one with a staple hole in the right margin, theother with one very small tear at left. (2)

£80-100

x451898 41⁄2% Gold Loan, a group of 20 bonds for £25,issued by the Deutsch-Asiatische Bank, large format,red and black, text in German and English, withcoupons, mixed condition, fine to very fine. (20)

£400-500



www.spink.com

x461898 41⁄2% Gold Loan, a pair of bonds for £50,issued by the Deutsch-Asiatische Bank, numbered24384 and 24385, large format, orange and black,text in German and English, with coupons, bothwithout any faults or even staple holes, extremely fine forissue and rare thus. (2)

£100-120

x471898 41⁄2% Gold Loan, a group of 30 bonds for £50,issued by the Deutsch-Asiatische Bank, large format,orange and black, text in German and English, withcoupons, a group in generally very fine condition andmuch better than is usually seen. (30)

£600-800

481898 41⁄2% Gold Loan, bonds for £50 and £100,issued by the Deutsch-Asiatische Bank, the £50 is inlovely condition with no edge tears and just two centralfolds, likewise the £100 but this does have an inch tear tothe top edge; together with 1925 5% Gold Loan(Boxer), bonds for $50 (5); Lung Tsing U HaiRailway, 1913, 5% Gold Loan, £20 bonds (2), and,Banque Franco-Asiatique, ‘B’ shares of 500 francs (2),generally very fine or better (11)

£150-200

x491898, 41⁄2% Gold Loan, a very good group of 7bonds for £100, issued by the Hongkong & ShanghaiBanking Corporation, large format, brown and black,with coupons, all with just a very light centre bendotherwise extremely fine and very rare thus. (7)

£500-700

x501898 41⁄2% Gold Loan, a group of 10 bonds for£100, issued by the Deutsch-Asiatische Bank, largeformat, brown and black, text in German and English,with coupons, mixed condition but generally fine tovery fine. (10)

£300-400

511902 5% Gold Loan ‘Cheng-Ting Railway Loan’,bond for 500 francs, Paris 1903, no.3332, largeformat, ornate border incorporating dragons andarchitectural designs, brown and black, greenunderprint, with coupons, some light staining at edgesand along centre fold, fine to very fine.

£150-200

52- another similar example, no.46414, very fine andscarce.

£150-200

531903 5% Shanghai-Nanking Railway, a group of 65bonds for £100, first issue 1904, large format, red andblack, with coupons, a few with edge tears and oldrepairs, several are very fine. (65)

£800-1,200


Page 12


Page 13

x54Chinese Imperial Railway 5% Gold Loan,Shanghai-Nanking Railway, a group of 51 bonds for£100, 1904 issue, all signed by William Keswick asdirector of the British and Chinese CorporationLtd., long, thin format, red, pink and black, withcoupons, mixed condition, generally fine to very fine, ahandful are better. (51)

£800-1,000

x551903 5% Gold Loan ‘Emprunt Chinois’, a group of65 bonds for 500 francs, dated 1905, ornate borders,red and black, with coupons, mixed condition butmany very fine, a handful better. (65)

£400-500

x561903 5% Gold Loan ‘Emprunt Chinois’, a group of19 bonds for 500 francs, dated 1907, ornate borders,red and black, with coupons, generally very fine ornearly so. (19)

£120-150

x571905 5% Honan Railway Loan, a group of £100bonds (14), large format, ornate border, black, blue-green and yellow, coupon sheet stuck at right edge,generally very fine or nearly so. (14)

£700-900

x581905 5% Honan Railway Loan, a group of £100bonds (20), large format, ornate border, black, blue-green and yellow, coupon sheets stuck at right edges,generally very fine with a few better. (20)

£1,000-1,200

x591905 5% Honan Railway Loan, a group of three£100 bonds, second issue, 1906, numbers 7251, 7252and 7553, large format, ornate border, black, blue-green and yellow, with coupons, one with some slightsurface marks otherwise good very fine, the others bothwith edge tears otherwise about very fine. (3)

£250-350

x601907 5% Canton-Kowloon Railway Gold Loan,bond for £100, no.14496, an interesting error withadjustment plan endorsement for the Honan Loaninstead, with coupons, about very fine and possiblyunique error.

£250-300

x611907 5% Canton-Kowloon Railway Gold Loan, agroup of 10 bonds for £100, large format, red andblack, printed by Waterlow & Sons, with coupons, allabout extremely fine and scarce thus. (10)

£600-800

x621907 5% Canton-Kowloon Railway Gold Loan, agroup of 48 bonds for £100, large format, red andblack, printed by Waterlow & Sons, with coupons,many good very fine and better but a handful withdamage and tape repairs. (48)

£2,000-2,500

x631908 41⁄2% Gold Loan, £100 bond, countersigned bythe Hongkong & Shanghai Banking Corporation,no.8801, walled city at top, ornate borders, mauve andblack, printed by Waterlow & Sons Ltd., no couponsas is usual with this issue, extremely fine but cut close atbottom edge.

£80-100



www.spink.com

x641908 41⁄2% Gold Loan, £100 bond, countersigned bythe Hongkong & Shanghai Banking Corporation,no.9076, walled city at top, ornate borders, mauve andblack, printed by Waterlow & Sons Ltd., no couponsas is usual with this issue, extremely fine and rare in thiscondition.

£100-120

x651908 41⁄2% Gold Loan, £100 bond, countersigned bythe Hongkong & Shanghai Banking Corporation,no.9077, walled city at top, ornate borders, mauve andblack, printed by Waterlow & Sons Ltd., no couponsas is usual with this issue, extremely fine and rare in thiscondition.

£100-120

x661908 41⁄2% Gold Loan, £20 bonds (2), countersignedby the Banque de L’Indo-Chine, together with £100bonds (5), countersigned by the Hongkong &Shanghai Banking Corporation, walled city at top,ornate borders, mauve and black, printed by Waterlow& Sons Ltd., no coupons as is usual with this issue, the£20’s are very fine and good very fine, one of the £100’shas a small edge tear otherwise near extremely fine, theremainder have tears and small holes and one is verypoor. (7)

£300-400

x671908, 5% Tientsin Pukow Railway Loan, a goodgroup of bonds for £100 (10), issued by ChineseCentral Railways Ltd., large format with ornateborder, orange and black, with coupons, all have‘Drawn’ and a date between 1932 and 1936 in crayonin extreme top edge otherwise about extremely fine andscarce thus. (10)

£500-700

x681908, 5% Tientsin Pukow Railway Loan, a group ofbonds for £100 (30), issued by Chinese CentralRailways Ltd., large format with ornate border, orangeand black, with coupons, mixed condition but manyare very fine. (30)

£1,000-1,200

x691908, 5% Tientsin Pukow Railway Loan, a group ofbonds for £100 (35), issued by Chinese CentralRailways Ltd., large format with ornate border, orangeand black, with coupons, mixed condition but manyare very fine. (35)

£1,200-1,600

x701908, 5% Tientsin-Pukow Railway Loan, a groupof 4 bonds for £100 issued by Chinese CentralRailways Ltd., £50 principle repaid in 1926, andnew coupon sheet issued and attached, endorsementregarding same at top left, large format, orange andblack, with coupons, one with tear at left edge, fine toabout very fine. (4)

£300-400

x711908 5% Tientsin Pukow Railway Loan, a group of25 bonds for £20, issued by the Deutsch-AsiatischeBank, large format, mauve and pale blue, withcoupons, generally very fine. (25)

£600-700

x721908 5% Tientsin Pukow Railway Loan, a group of37 bonds for £20, issued by the Deutsch-AsiatischeBank, large format, mauve and pale blue, all lackingcoupons, generally very fine and better. (37)

£600-800

x731908 5% Tientsin Pukow Railway Loan, a group of5 bonds for £100, issued by the Deutsch-AsiatischeBank, large format, mauve and green, with coupons, anice group in about extremely fine condition. (5)

£200-250


Page 14


Page 15

x741908 5% Tientsin Pukow Railway Loan, a group of40 bonds for £100, issued by the Deutsch-AsiatischeBank, large format, mauve and green, with coupons,mixed condition but generally very fine and better. (40)

£1,200-1,500

751908 Tientsin-Pukow Railway 5% Loan, a group of25 bonds for £100 and 2 bonds for £20, large formatpieces, mauve and green and mauve and bluerespectively, with coupons, mixed condition but manyare very fine and better. (27)

£500-600

761910 Tientsin-Pukow Railway 5% SupplementaryLoan, bonds for £100 (4), large format, green andblack, with coupons, with receipts for coupons issuedby the Hong Kong & Shanghai Banking Company;together with 1907, Canton Kowloon Railway, 5%Gold Loan, bonds for £100 (3), large format, red andblack, with coupons, with fractional scrip certificates(9), black on green paper, fine to very fine but oneCanton Kowloon bond has the top left corner missingand another has a split in the top left corner. (20)

£350-450

x771910 5% Tientsin Pukow Railway SupplementaryLoan, a group of 49 bonds for £20, issued by theDeutsch-Asiatische Bank, large format, green andmauve, with coupons, generally very fine and better.(49)

£1,000-1,200

x781910 5% Tientsin Pukow Railway SupplementaryLoan, a group of 47 bonds for £100, issued by theDeutsch-Asiatische Bank, large format, green and red,with coupons, mixed condition but mostly very fine andbetter. (47)

£1,500-1,800

x791911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 14 bonds of £20, issued by theHongkong & Shanghai Banking Corp., large format,steam train at top, green and black, printed byWaterlow & Sons, with coupons, generally very fineand better. (14)

£400-500

x801911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 13 bonds of £100, issued by theHongkong & Shanghai Banking Corp., large format,steam train at top, red and black, printed by Waterlow& Sons, with coupons, mostly very fine to aboutextremely fine. (13)

£500-600

x811911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 13 bonds of £20, issued by theBanque de L’Indo-Chine, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, all have ‘drawn’ and a date in topmargin otherwise good very fine to about extremely fine.(13)

£250-300



www.spink.com

x821911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 7 bonds of £100, issued by theBanque de L’Indo-Chine, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, centre bend otherwise about extremely fine butwith ‘DRAWN’ sticker attached at top. (7)

£300-400

831911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 11 bonds of £20, issued by theDeutsch-Asiatische Bank, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, good very fine and better. (11)

£200-300

x841911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 15 bonds of £20, issued by theDeutsch-Asiatische Bank, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, centre fold otherwise mostly aboutextremely fine. (15)

£300-400

851911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 17 bonds of £20, issued by theDeutsch-Asiatische Bank, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, mixed condition but generally fine andbetter. (17)

£250-350

861911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 7 bonds of £100, issued by theDeutsch-Asiatische Bank, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, six are very fine or better, one has numerousedge tears and only fine. (7)

£200-300

x871911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 12 bonds of £100, issued by theDeutsch-Asiatische Bank, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, generally very fine and better. (12)

£500-600

x881911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 22 bonds of £100, issued by theAmerican Banks syndicate, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, mixed condition but generally fine to very fineand better. (22)

£900-1,200

891911, Imperial Chinese Government 5% RailwayLoan, bond for 500 yen, no.001257, ornate border,dragons at top, mauve and black with pale greenunderprint, text in Chinese with English on thereverse, with coupons, good very fine and scarce.

£250-300

901911, 5% Imperial Railway Loan, bond for 500 yen,issued by the Yokohama Specie Bank, ornate border,Chinese dragons at top, mauve and black, pale blueunderprint, text in Chinese with English on thereverse, with coupons, good very fine

£250-300

911911, 5% Imperial Railway Loan, bond for 1000yen, issued by the Yokohama Specie Bank, ornateborder, Chinese dragons at top, orange and black, paleblue underprint, text in Chinese with English on thereverse, with coupons, good very fine

£250-300

x921912 5% ‘Crisp’ Gold Loan, a group of 9 bonds for£20, large format, blue, yellow and black, red ‘chops’,with coupons, in choice about extremely fine condition.(9)

£250-300

x931912 5% ‘Crisp’ Gold Loan, a group of 36 bonds for£20, large format, blue, yellow and black, red ‘chops’,with coupons, generally about very fine. (36)

£800-1,000

x941912 5% ‘Crisp’ Gold Loan, a group of 84 bonds for£20, large format, blue, yellow and black, red ‘chops’,with coupons, generally fine to very fine, some better.(84)

£1,800-2,200


Page 16


Page 17

x951912 5% ‘Crisp’ Gold Loan, a group of 10 bonds for£100, large format, turquoise and black, red ‘chops’,with coupons, all with centre bend only and aboutextremely fine. (10)

£500-600

x961912 5% ‘Crisp’ Gold Loan, a group of 43 bonds for£100, large format, turquoise and black, red ‘chops’,with coupons, mixed condition, fine to very fine, somebetter. (43)

£1,600-2,200

x971912 5% ‘Crisp’ Gold Loan, a group of 52 bonds for£100, large format, turquoise and black, red ‘chops’,with coupons, mixed condition, fine to very fine, somebetter. (52)

£2,000-2,500

981912 5% ‘Crisp’ Gold Loan, bond for £500,no.1292, large format, ornate border, brown andblack, pale blue underprint, red ‘chops’, with coupons,pinholes at top, some staining, fine and scarce.

£200-250

x991912 5% ‘Crisp’ Gold Loan, bond for £500,no.0164 large format, brown, blue and black, red‘chops’, with coupons, tiny piece missing from lowerright corner otherwise very fine.

£250-300

x1001912 5% ‘Crisp’ Gold Loan, bond for £500,no.1958 large format, brown, blue and black, red‘chops’, with coupons, split along fold at right edge,about very fine.

£200-250

x1011912 5% ‘Crisp’ Gold Loan, bond for £500,no.0783 large format, brown, blue and black, red‘chops’, with coupons, very fine but light stain atextreme bottom edge.

£250-300



www.spink.com

1021912 5% ‘Crisp’ Gold Loan, bond for £1000,no.041, large format, ornate border, red and black,yellow underprint, red ‘chops’, with coupons, goodfine and scarce.

£600-700

x1031912 5% ‘Crisp’ Gold Loan, bond for £1000,no.603, large format, red, yellow and black, red‘chops’, with coupons, old sellotape repair at right edge,tear at left centre edge, fine.

£400-500

x1041912 5% ‘Crisp’ Gold Loan, bond for £1000,no.178, large format, red, yellow and black, red‘chops’, with coupons, small split at fold, fine to veryfine.

£500-600


Page 18


Page 19

x1051913, 6% ‘Austrian’ Loan I, £100 bond, no. 9743,green and black, red ‘chop’ in centre (K.311), betterthan average condition for this issue, very fine and rare.

£1,000-1,200

Floated in reorganisation of the Arnhold Karberg loansof 1912. Redeemed by the ‘Skoda’ Loan of 1925.

106A miscellaneous collection of Chinese bondscomprising, 1913 5% Reorganisation Gold Loan, £20,brown (5), various issues, £20 green (2), 1912 5%Gold Loan, £20 bonds (5), 1908 Gold Loan, £20,French issue (4), Hukuang Railways, £20 (2, French& German issues), 1914 Industrial Loan, 500 francs,and a Confederate bond for $500, a very mixedcondition lot, some with tears and stains, some fine andbetter. (20)

£400-600

x1071913, 5% Reorganisation Gold Loan, a pair ofbonds for £20 (2), both countersigned by theHongkong and Shanghai Banking Corporation, bothwith Spanish endorsement and revenue stamps at top,Mercury at top, city view and peasants at either side,brown, printed by Waterlow & Sons, with coupons,one with ink smudges at right edge otherwise very fineand an interesting variety. (2)

£80-100

1081913 5% Reorganisation Gold Loan, bond for£100, issued by the Hongkong & Shanghai BankingCorporation, ‘Mercury’ at top, peasants and buildingsat either side, blue and black, printed by Waterlow &Sons, with coupons, near extremely fine.

£300-400



www.spink.com

1091913 5% Reorganisation Gold Loan, £100 bonds(2), issued by the Hongkong & Shanghai BankingCorporation, Mercury at top, blue, with coupons, veryfine and better. (2)

£600-700

1101913 5% Reorganisation Gold Loan, a group of 4bonds for £100, issued by the Hongkong & ShanghaiBanking Corporation, vignettes of Mercury at top,farmers left and buildings at right, blue and black, withcoupons, generally very fine or better. (4)

£1,200-1,400

1111913 5% Reorganisation Gold Loan, a group of 7bonds for £100, issued by the Hongkong & ShanghaiBanking Corporation, vignettes of Mercury at top,farmers left and buildings at right, blue and black, withcoupons, mixed condition, fine to very fine. (7)

£2,000-2,200

x1121913, 5% Reorganisation Gold Loan, a group ofbonds comprising £100 (6) and £20 (7), allcountersigned by the Hongkong & Shanghai BankingCorporation, Mercury at top, city view and peasants ateither side, blue and brown respectively, printed byWaterlow & Sons, with coupons, very fine and better.(13)

£2,000-3,000

x1131913, 5% Reorganisation Gold Loan, a group of£20 bonds (7), all countersigned by the Banque deL’Indo-Chine, Mercury at top, city view and peasantsat either side, brown, printed by Waterlow & Sons,with coupons, all with blue certificate to show USdomicile, very fine and better. (7)

£500-600

x1141913, 5% Reorganisation Gold Loan, a group ofbonds for £20 (9), all countersigned by the Banque deL’Indo-Chine, Mercury at top, city view and peasantsat either side, brown, printed by Waterlow & Sons,with coupons, very fine to extremely fine. (9)

£600-700

1151913 5% Reorganisation Gold Loan, bond for £100or 2045 Marks, issued by the Deutsch-AsiatischeBank, ‘Mercury’ at top, peasants and buildings ateither side, blue and black, printed by Waterlow &Sons, with coupons, near extremely fine.

£300-400

x1161913, 5% Reorganisation Gold Loan, a group ofbonds comprising £100 (2) and £20 (12), allcountersigned by the Deutsch-Asiatische Bank,Mercury at top, city view and peasants at either side,blue and brown respectively, printed by Waterlow &Sons, with coupons, one of the £20 bonds has a letterattached to say that this and 2 other bonds werepreviously lost, very fine and better. (14)

£1,200-1,500

x1171913, 5% Reorganisation Gold Loan, a group ofbonds for £100 (5), all countersigned by the Deutsch-Asiatische Bank, Mercury at top, city view and peasantsat either side, blue, printed by Waterlow & Sons, withcoupons, very fine and better. (5)

£1,500-1,800

x1181913, 5% Reorganisation Gold Loan, a group ofbonds for £20 (9), all countersigned by the RussoAsiatic Bank, with Russian revenue stamp at top left,Mercury at top, city view and peasants at either side,brown, printed by Waterlow & Sons, with coupons,very fine and better. (9)

£500-600


Page 20


Page 21

x1191913, 5% Reorganisation Gold Loan, a group ofbonds for £20 (8), all countersigned by the Russo-Asiatic Bank, Mercury at top, city view and peasants ateither side, green, printed by Waterlow & Sons, withcoupons, very fine and better. (8)

£400-500

x1201913, 5% Reorganisation Gold Loan, a group ofbonds for £20 (14), all countersigned by the RussoAsiatic Bank, Mercury at top, city view and peasants ateither side, brown, printed by Waterlow & Sons, withcoupons, very fine and better. (14)

£700-900

x121Province of Petchili, 51⁄2% Gold Loan of 1913, agroup of bonds for £20 (20), large horizontal formatpieces with Chinese shipping with mountains inbackground in centre, brown and black, text in Frenchand English, with coupons, generally very fine andbetter. (20)

£200-300

x122- another similar group of 20 bonds, generally very fineand better. (20)

£200-300

x1231913 Lung Tsing U Hai Railway 5% Gold Loan, agroup of 100 bonds for £20, very large format, ornateborder, blue and black, text in English and French,with coupons, generally very fine with many better.(100)

£500-700

x1241913 Lung Tsing U Hai Railway 5% Gold Loan, agroup of 120 bonds for £20, very large format, ornateborder, blue and black, text in English and French,with coupons, generally very fine with many better.(100)

£600-800

x1251914 5% Industrial Gold Loan, a group of 29 bondsfor 500 francs, large format, 3 railway vignettes, ornateborder, brown, yellow and black, text in French, withcoupons, mixed condition but many very fine andbetter. (29)

£300-400

1261918, 8% Treasury ‘Marconi’ Bills, bond for £1000,no.2157, ornate border, red and black, yellowunderprint, on poor quality paper, with coupons, topedge with a few edge tears, very fine for issue, rare.

£300-400

1271919 8% 10-Year Sterling Treasury Notes (VickersLoan), a group of 20 bonds for £100, vignette ofdockside, green and black, with coupons, mixedcondition but mostly very fine. (20)

£300-400

1281919 8% 10-Year Sterling Treasury Notes (VickersLoan), a group of 30 bonds for £100, vignette ofdockside, green and black, with coupons, mixedcondition but mostly very fine. (30)

£500-600

1291919 8% Sterling Treasury Notes (Vickers Loan),bond for £1000, small dockside vignette, brown andblack, with coupons, a few folds but fine to very fine.

£150-200

x1301919 8% Sterling Treasury Notes (Vickers Loan),bond for £1000, no.10318, and £100, no.5415, smalldockside vignette, brown and black & green andblack, with coupons, very fine. (2)

£150-200



www.spink.com

131Lung-Tsing-U-Hai Railway, 8% Dutch loan, 1920,an unissued certificate from the reserve stock, vignetteof railway bridge at top, red, brown and dark blue,with coupons, un-numbered, very fine

£80-120

x1321925 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)

£600-800

x1331925 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)

£600-800

1341925 8% ‘Skoda’ Loan, bonds for £5 (4) and £10(2); Lung Tsing U Hai Railway, 1000 florin bonds,1920 (2) and 1923 (2); Nationalist GovernmentSecond Lottery Loan, 1931, 5 x 1 yuan bonds (10);1937 4% Liberty Bonds, 5 yuan (5), 10 yuan (8) and50 yuan (10); Nationalist Government Lottery Loan,1926, bonds for 5 yuan (20); Second NationalistGovernment Lottery Loan, 1926, bonds for 5 yuan(10) and Nationalist lottery Loan, 1927, bonds for 5yuan (19), and a Central Savings Society, 1000 yuanbond, 1939-42, mixed condition but mostly very fineand better. (93)

£300-400

x1351925 8% ‘Skoda’ Loan, a group of bonds for £10(2), £50 (3) and £100 (6) ornate borders, ‘chop’ incentre, with coupons, generally fine to very fine, a fewbetter. (11)

£200-300

x1361925 8% ‘Skoda’ Loan, a group of 14 bonds for£100, ornate border, mauve and black, ‘chop’ incentre, with coupons, mixed condition but mostly veryfine and better. (14)

£250-350

x1371925 8% ‘Skoda’ Loan, bond for £500, no.0021677,ornate border, orange and black, ‘chop’ in centre, withcoupons, small tears at right edge, fine to very fine.

£100-120

x1381925 8% ‘Skoda’ Loan, bond for £500, no.0021488,ornate border, orange and black, ‘chop’ in centre, withcoupons, very fine.

£120-150

x1391925 8% ‘Skoda’ Loan, bond for £1000,no.0026457, ornate border, red and black, ‘chop’ incentre, with coupons, nearly extremely fine.

£150-200


Page 22


Page 23

x1401925 8% ‘Skoda’ Loan, bond for £1000,no.0026742, ornate border, red and black, ‘chop’ incentre, with coupons, about extremely fine.

£150-200

x1411925 8% ‘Skoda’ Loan, a group of 4 bonds for£1000, ornate border, red and black, ‘chop’ in centre,with coupons, ragged edges otherwise very fine. (4)

£600-800

x1421925 8% ‘Skoda’ Loan, a group of 5 bonds for£1000, ornate border, red and black, ‘chop’ in centre,with coupons, all extremely fine. (5)

£800-1,000

1431934 6% Sterling Indemnity Loan, bond for £50,no.0144, vignette of Sun Yat Sen at top, brown &blue with green underprint, with coupons, very slightlydiscoloured in the centre otherwise extremely fine

£200-250

1441934 6% Sterling Indemnity Loan, bond for £50,no.1522, vignette of Sun Yat Sen at top, brown andblue, green underprint, with coupons, extremely fine

£200-250

1451934 6% Sterling Indemnity (Boxer) Loan, bondfor £50, no.1715, ornate border with vignette of SunYat sen at top, blue, brown and black with greenunderprint, with coupons, extremely fine.

£200-250

1461934 6% Sterling Indemnity Loan, bond for £100,no.3298, vignette of Sun Yat Sen at top, green andblue, pink underprint, with coupons, extremely fine

£200-250

x1471934 6% Sterling Indemnity ‘Boxer’ Loan, bondfor £1000, no.6770, vignette of Sun Yat Sen at top,pink & blue, with coupons, extremely fine.

£400-500

x1481934 6% Sterling Indemnity ‘Boxer’ Loan, a scarceset of bonds for £1000, £100 and £50, vignette of SunYat Sen at top, pink & blue, green & blue with yellowunderprint and brown & blue with green underprintrespectively, with coupons, all about extremely fine. (3)

£800-1,000

x1491936, 6% Shanghai Hangchow Ningpo 6%Completion Loan, pair of bonds for £50 and £100,large format with vignette of Sun Yat-Sen in top rightcorner, medallion of value in left corner, green, red &blue and brown, green & blue respectively, withcoupons, the £50 with a spike hole at top left, very fine,the £100 near extremely fine. (2)

£100-120



www.spink.com

x1501936, 6% Shanghai Hangchow NingpoCompletion Loan, a group of 11 bonds for £100,large format with vignette of Sun Yat-Sen in top rightcorner, medallion of value in left corner, brown, green& blue, with coupons, all about extremely fine. (10)

£500-600

x1511937 Secured Sinking Fund Bond (PacificDevelopment Loan), variable interest rate, $1000US, no. M2453, pagoda at top, blue, with coupons,ABNC printing (K.952), with attached certificateshowing holder is US domicile, good very fine

£200-300

x1521937 Secured Sinking Fund Bond (PacificDevelopment Loan), variable interest rate, $1000US, no. M2621, pagoda at top, blue, with coupons,ABNC printing (K.952), extremely fine.

£250-300

x1531937 Secured Sinking Fund Bond (PacificDevelopment Loan), variable interest rate, a group of4 bonds for $1000 US, pagoda at top, blue, withcoupons, ABNC printing (K.952), with attachedcertificates showing holder is US domicile, all havesome slight damp stains in the lower left quarter. (4)

£800-1,000

x1541937 Secured Sinking Fund Bond (PacificDevelopment Loan), variable interest rate, a group of5 bonds for $1000 US, pagoda at top, blue, withcoupons, ABNC printing (K.952), near extremely fine.(5)

£1,000-1,200


Page 24


Page 25

Internal Loans

x155Imperial Q’ing Household, loan certificate for 100 kuping taels,1851, large format piece with text in Chinese, red ‘chop’ marks, redand black, bottom left corner cut off as cancellation, very fine and rare.

£10,000-12,000

The first attempt by the Imperial Household to borrow money, mostly fromthe merchant population at zero interest. A similar certificate but for 300taels was sold in Beijing in June of this year.



www.spink.com

156Chinese Republic, 1912, 8% Treasury Gold Loan,special bond for £9, issued by Banque de Reports, deFonds Publics & de Dépôts, in Brussels, ornateborder, grey and black, centre fold otherwise very fine.

£80-100

This forms part of the First Year Internal Loan wherebybonds were authorised to be issued in sterling at £9 per100 yuan.

x1571912 8% Public Loan for Military Requirements,pair of bonds for $5, no.11929 and $100, no.17344,ornate borders, brown with blue underprint and greenwith yellow underprint, both with large red ‘chops’ incentre, text in Chinese with English translation onreverse, with all coupons, extremely fine. (2)

£150-200

x1581912 8% Public Loan for Military Requirements,bonds for $10, no.17364, ornate borders, red withblue underprint, large red ‘chop’ in centre, text inChinese with English translation on the reverse, withall coupons, extremely fine.

£80-100

159Chinese Government, 5th Year, 6% Internal Loan,a strip of 5 bonds for 1 yuan, issued 1918, no.743618,brown and red with pale blue underprint, text inChinese with English on the reverse, with coupons,very fine and scarce.

£60-80

The loan was authorised in 1916 (5th Year) butdrawings were postponed for 2 1⁄ 2 years and these newbonds were issued in replacement of the originals.

1601947 36th Year 6% U.S.Gold Bond, first issue, $50,no.2303, Chiang Kai Shek at top right, green, blackand red, with coupons, text in Chinese with Englishtranslation on the reverse, extremely fine and scarce.

£80-100


Page 26


Page 27

Provincial Loans

x161Chungwah Revolutionary Army Finance Office, 8%Military Loan, bond for $5000, 1911, no.631833,ornate border, blue and black, yellow underprint, red‘chop’ in centre, with all coupons, very fine and rare.

£80-100

A rather odd unrecorded piece where the total loan wasfor 9,900,000 yuan making the maximum number ofthis denomination issued to be 1980. Probably printed inJapan on the authority of Sun Yat Sen to raise funds forthe impending revolution.

x162Hukuang Province Public Loan, bond for 100kuping taels, 1909, variable interest rate, ornateborder with dragons at either side, brown, yellowunderprint, red ‘chop’ in centre, with coupons,extremely fine.

£150-200

x163Hunan Military Government, 4% 15-year bond for$5, 1911, no.848, Chinese building at bottom, ornateborder, green and black, printed in Tokyo, lightstaining at top, very fine and rare.

£300-400

x164Kwangtung Military Government, bond forHK$10, 1911, redeemable in 2 years at $1.50 perdollar, simple ‘local’ design, black, heavy folds withsome separation, fine and rare.

£150-200



www.spink.com

x165Shanghai Municipal Council, 5% Loan, 1937, set ofdebentures for $100, $500 and $1000, large format,government buildings at top, ornate borders, yellow,blue and red respectively, very fine or better, the firstand last scarce, the second rare. (3)

£300-400

Railways

x166Canton Hankow Railway Co. (Kwong-TungYueh-Han), certificate for 5 yuan shares, 1914, veryattractive piece with vignette of large station buildingin centre flanked by vignettes of steam engine &tender and passenger carriages, a detailed map of therailway below, blue, red and yellow, text all in Chinesebut if you look closely the company name is in Englishon the locomotives’ tender, very fine and scarce.

£500-600

x167Gu Bi Railway, 50 yuan ‘large’ share, 1913, veryattractive piece with laden steam train crossing bridgeover river, brown, pale blue underprint, red ‘chops’,about extremely fine.

£300-400

x168Kwongtung Tramway Co. Ltd., $10 shares, 1921,no.1040, very attractive piece with electric tram at top,ornate border, blue and red, red seal, sadly the piece hashad some water damage in the past with some paper lossbut has been expertly repaired with new pieces and thedesign repainted, very fine.

£300-400


Page 28


Page 29

x169Shanghai Electric Construction Co. Ltd., aspecimen certificate for 100 shares of £1, 19- (circa1920), from the Bradbury, Wilkinson & Co. archive,capital £500,000, electric tram at top left, very ornateborders, blue and mauve, numbered C0000, withcoupons, creased but very fine and scarce.

£100-120

Shipping

x170Ning Foo Ferry Co. Ltd., Chefoo, an unissuedcertificate for $5 shares, 1910, two large dragons flankpanel of text, company flag at top, blue and red, withcounterfoil, text all in Chinese, about extremely fineand scarce.

£60-80

x171Shanghai City Ferry Co. Ltd., $100 shares, 1947,no. B000402, ferry in medallion at top, ornate border,red and black, text in Chinese but English title inembossed seal, some staining at bottom otherwise aboutvery fine.

£120-150

x172Sze Yap Steam Ship Co. Ltd., Hong Kong, $25shares, 1912, no.83, single funnel steamship at top,ornate border of fruit and flowers with bats withoutstretched wings, blue and orange, numerous red‘chops’, text in Chinese with English name at thebottom and in the red seal, heavy folds with small holein centre, fine to about very fine and rare.

£500-600



www.spink.com

x173Yee Cheong Ferry Co., $100 shares, 1930, ornateborder, green and black, yellow underprint, text all inChinese, red ‘chop’ in centre, two tears at right edgeotherwise about very fine and scarce.

£150-200

Roads and Buses

x174China General Omnibus Co. Ltd., 10 tael shares,1941, no.7207, ornate border, brown on greyishpaper, text in English with Chinese title and seal, lightstains at right corners, very fine and scarce.

£250-300

x175Tai Shan County, Public Road, a group ofcertificates for $5 shares, 1929 (2) and 1934, all veryfine. (3)

£150-200

x176Western Kwangtung Public Transport Co. Ltd.,$100 new renminbi shares, 1955, no.505, ornateborder comprising bus driving through industrial areaand lorry driving along a country road, red and blackwith yellow underprint, fine to very fine.

£80-100

Banks

177Bank of Hindustan, China & Japan Limited,certificate for 1 share of £100, £25 paid, 18[63], no.1850, attractive coat of arms in centre, black, slight inksmudging, about extremely fine.

£150-180


Page 30


Page 31

x178Bank of Hindustan, China & Japan Ltd., £100share, new issue, 18[64], no.29382, attractive coat ofarms in centre, scrollwork at left, black on orangepaper, spike hole at top left, good very fine.

£150-200

179Banque Franco-Chinoise pour le Commerce &L’Industrie, 100 franc share, Paris 1927, category ‘B’,no.53194, ornate border, brown and green withyellow underprint, Chinese characters in centre, withcoupons, good very fine.

£80-100

Formed to acquire the assetts of the bankrupt BanqueIndustrielle de Chine and opened offices throughoutChina and French Indochina.

x180Chartered Bank of India, Australia & China,certificate for 1 share, 185[4], no.31449, ornatescrollwork at left, black, lovely embossed seal,extremely fine.

£300-400

x181Chungwah Bank Co. Ltd., 10 shares of $100, 1912,no.184066, small format piece with Sun Yat sen attop, ornate border, green, black and red, very fine.

£60-80

Printed in Japan and issued as a cover for Sun Yat Sen’srevolutionary fund raising.



www.spink.com

x182Commercial Bank Corporation of India & theEast, £25 share, 1864, no.1642, black printing onpink paper, extremely fine. Incorporated by RoyalCharter in 1864. Opened branches in China, Japan,Malaya and India. Failed in the wake of the Overend,Gurney crash of 1866. Prepared banknotes for issue(see Spink, lot 1701, January 2007).

£80-100

x183International Savings Society, premium bond for$2000 local currency, issued at Canton, 1920,no.14130, allegorical female in medallion at top,ornate border, blue, yellow underprint, about very fineand scarce.

£80-100

The holder would pay a fixed monthly sum to ensure thathis funds were repaid at the end of 15 years plus a sharein the investment profits. The bond could also beredeemed by drawing twice per annum.

x184Oriental Bank Corporation, £25 share, first issue,18[51], coat of arms at top, scrollwork left, black,printed by Perkins, Bacon & Petch, top right cornerstained;, later issues, 18[61] and 18[65], both samedesign, the first with paper seal the second justembossed, black, and Oriental Hotels Co. Ltd., £10shares, £2 paid, 1863, scrollwork left, black, very fine,the last about extremely fine. (4)

£80-100

x185Oriental Bank Corporation, £25 share, first issue,18[51], arms at top, black, top right quarter is stained,later issue, 18[65], same design; New Oriental BankCorporation Ltd., £10 share, 188[5], green and black,red seal, with coupons, and, Oriental Bank Estates Co.Ltd. a specimen £100 debenture from the Bradbury,Wilkinson & Co. archive, undated but circa 1889,attractive design with allegorical females at top, black,pink underprint, with coupons, numbered 0000, veryfine and better unless stated. (4)

£150-200

186Oriental Bank Corporation, a group of 7 certificatesfor £25 share, 18[52], issued to Runchord Muddonjeeof Bombay, vignette of royal coat of arms at top andscrollwork on left, embossed seal, numerous transferson reverse, black, somewhat toned but very fine. (7)

£120-180

Insurance Companiesx187Union Insurance Society of Canton Ltd., aspecimen certificate for $250 shares, from theBradbury, Wilkinson & Co. archive, Hong Kong 19-(annotation for 1908), capital 3,100,000 dollars, veryattractive border, text in English with some Chinese,black, perforated SPECIMEN, extremely fine.

£150-200

x188Union Insurance Society of Canton Ltd., aspecimen certificate for £10 shares, by Henry S. King,Hong Kong 19- (annotation on stubb for 1903),capital 2,000,000 pounds, very attractive border, textin English with some Chinese, black, perforatedCANCELLED, extremely fine.

£150-200


Page 32


Page 33

Land and Investment

x189Canton Investment Co. Ltd., $100,000 share,revalued to 10 renminbi, 1956, no.2552, veryattractive piece depicting ship at dockside, steam train,factory, laboratory and textile factory, blue and black,good very fine.

£120-150

x190China Realty Co. (Fed.Inc. U.S.A.), $10 shares,1941, no.6847, ornate border, blue and black, yellowunderprint, gold seal, good very fine.

£150-200

x191Hongkong & Kowloon Land & Loan Co. Ltd.,$100 shares, 1899, black printing with all text inChinese, seal in English, very fine and an early date.

£80-100

192Kien Hwa Investment Co. Ltd., Shanghai, 500yuan shares, 1944, no.4292, ornate border, blue andblack, yellow underprint, red seal, text in ChineseEnglish in the company seal, rust clip marks at top edge,very fine.

£50-60

193Luen Tsui investment Co. Ltd., Hong Kong, $500shares, 21st Year of the Republic (1932), ornateborder, blue and black, text in Chinese exceptcompany name, red ‘chops’ ink cancelled, reglued tocounterfoil, very fine.

£80-100

Registered in Hong Kong in 1932. Dissolved in 1956.

194Sing Chung Realty Investment Co. Ltd., Shanghai,shares, 1944, no.6261, attractive piece with vignettesof buildings around border, brown, red and black witholive underprint, text in Chinese but with Englishembossed seal, extremely fine.

£80-100

195Realty Investment Corporation, Shanghai, shares,1947, no.1221, ornate border, red and black, text inChinese but compay seal is in English, adhesive dutystamps on the reverse, almost extremely fine.

£50-60



www.spink.com

Mining Companies

196Eastern Pioneer Company Ltd., £1 shares, fullypaid, 19(19), no.5697, dragon just below title,scrollwork left, red, very fine.

£60-80

Registered in 1899 to acquire mining concessions inChina and Korea.

197Great Northern Gold Dredging Ltd., £1 ‘A’ shares,fully paid, 19[30], no.38, and 1 shilling ‘B’ shares,fully paid, 19[30], no.50, both with handwrittencapital increase from £93,000, ornate borders, blackand green respectively, the first has some shadow textfrom being next to another document, very fine andbetter. (2)

£60-80

Registered in 1929 to acquire from Anglo-Eastern TinLtd. an alluvial gold concession in NorthernManchuria.

x198Han-Yeh-Ping Iron & Coal Co. Ltd., $50 shares,1913, ornate border, green and black with yellowunderprint, text in Chinese but title in English, detailsof the company in English on the reverse, togetherwith certificate of payments records and originalenvelope, good very fine and rare.

£300-400

199Upper Yangtse Syndicate Ltd., 1 shilling deferredshares, fully paid, [1899], no.2, attractive blackprinting on pink paper, Chinese characters inscrollwork at left, rust mark in centre, about very fineand scarce.

£80-100


Page 34


Page 35

Public Utilities

x200Hankow Water & Electricity Supply Co. Ltd., $10shares, 1933, no.1353, attractive design with powerstations, water tower, water treatment plant andelectric cables, mauve and black, red ‘chops’ in centre,adhesive revenue stamps, very fine.

£150-180

x201Peking Water Supply Co. Ltd., an unissuedcertificate for $10 shares, circa 1908, black, text all inChinese, red ‘chops’ in centre, still attached tocounterfoil, ink cancelled, about extremely fine.

£100-120

x202- another simlar piece, about extremely fine.

£100-120

x203Peking Water Supply Co. Ltd., 5 shares of $10,1921, attractive ornate border, green and black withorange underprint, red ‘chops’ in centre, good very fineand scarce.

£120-150

x204Peking Water Supply Co. Ltd., $10 shares, 1944,no.2621, ornate border, brown and black with yellowunderprint, text all in Chinese, good very fine.

£80-100

205Popular Electrical Works Ltd., Shanghai, $10shares, 1944, no.0290, ornate border, green andblack, adhesive duty stamps, text in Chinese but withEnglish in the company seal, good very fine.

£50-60



www.spink.com

x206Shanghai Chinese Electric Co. Ltd., a pair ofcertificates for 10,000 shares and 50,000 shares of $10 each, 1947, no. 211547 and 116325, issued toDu Yuesheng, ornate borders, green and redrespectively, text all in Chinese, good very fine andbetter. (2)

£50-60

207Shanghai Power Company, 51⁄2% First MortgageDebenture for $10,000, [1941], no.R17326,allegorical female with vignette of Shanghai, red andblack, printed by ABNCo., red endorsement over thevignette, nearly extremely fine.

£80-100

x208Shanghai Telephone Co. (Fed. Inc. U.S.A.), $10shares, 1947, no.C08873, ornate border, green andblack, text in English, good very fine.

£120-150

x209Chih Cheng Company Ltd., $25 silver dollar share,1914, large format certificate with ornate border, pinkand black, slightly faded but good very fine.

£400-500

Commercial and Industrialx210China Egg Producers Co. Ltd., $1000 shares, 1946,no. 00109 and $10 shares, 1947, no. F00962, similarornate borders but several design differences in thedetail, red and black, company logo at top, filing holesin top margin, very fine; together with an unissuedcertificate for $50 shares in the Tun=mun FarmingCompany (Hong Kong), circa 1920’s, blue withyellow underprint, with counterfoil, very fine. (3)

£80-100


Page 36


Page 37

x211Country Club, Bubbling Well Road, Shanghai,debenture bond for 100 taels, 1901, no.287, ornateborder, blue and red, transfers to 1938 annotated onreverse, about very fine.

£150-200

x212Ewo & Co. Ltd., $100 shares, 1947, no.0214, ornateborder, red and black, yellow underprint, text inChinese but title and seal in English, very fine.

£150-200

x213Great Northern Shanghai Theatre, $10,000 shares,1936, no.1825, ornate border, brown and black withpale green underprint, extremely fine

£150-200

x214Kwangtung Kingsuotong Medical Shop, 10 Cantontael shares, undated, circa 1920’s, ornate border, blueand black, pink underprint, text all in Chinese, veryfine.

£120-150

215No lot

x216New China Textile Co. Ltd., a group of 3 sharecertificates for 80, 3,000 and 5,000 shares, 1943 and1947 (2), all converted and cancelled, green and blackwith red seal, green and black and red and blackrespectively, generally very fine. (3)

£60-80

x217Noronha & Co., Ltd., $500 10% cumulativepreference shares, 1940, no.22, blue border with pinkunderprint, good very fine.

£60-80Printers to the Hong Kong Government. PrintedGovernment notes to alleviate the shortage of coinduring Japanese Occupation.

x218Shanghai Worsted Mill Ltd. (Hong Kong), HK$5shares, fully paid, 1947, no.501, ornate border,monogram and kittens at top, mauve and black, veryfine.

£80-100



www.spink.com

x219Sino-American Tobacco Co. Ltd., 10,000 shares of$10, 1944, no.0003, ornate border, green and black,yellow underprint, text all in Chinese; together withNanyang Brothers Tobacco Co. Ltd., 1000 shares,1952, ornate border, green and black, red seal, veryfine and about extremely fine. (2)

£60-80

x220Tai Yauyu Oil Manufacturing Co. Ltd., a group of3 unissued certificates, very fine and better. (3)

£100-150

x221Tung Fung Flour Mill Co., $100 share, 1921,ornate border of wheat sheafs, brown, greenunderprint, text all in Chinese, adhesive revenuestamp, cancelled, very fine.

£80-100

x222Tung Wei Enterprise Co., pair of certificates for 1share of $100, 1937 and 10 shares of $100, 1923,attractive printing in purple with yellow underprint, alittle stained but very fine. (2)

£150-200

x223Wing On Co., (Shanghai) Ltd., $100 shares, 1937,lovely vignette of the company’s department store attop, ornate border, green with pink underprint, title inEnglish, text in Chinese, cut into top edge ascancellation, very fine.

£80-100

x224Wing On Co. (Fed. Inc. U.S.A.), $10 shares, 1942,no.5073, lovely vignette of the company’s departmentstore in Shanghai, ornate border, green and black withorange and green underprint, text in both English andChinese, with dividend book and original envelope,very fine and scarce

£150-200

x225Wing On Co. (Shanghai) Ltd., $100 shares, 1943,no.12227, vignette of large department store, ornateborder, red with yellow underprint, text all in Chinese,adhesive revenue stamps, good very fine; together withother certificates (4) of the same company, for $10shares, 3 different types, 1940’s, all with similarvignette of the store, one with tear at top edge, anotherwith corner cut off as cancellation, mixed condition butgenerally very fine. (5)

£120-150


Page 38


Page 39

INDIA, BURMA & CEYLON226India: A small collection comprising Madras RailwayCo., £20 share, 1853; Oriental Inland Steam Co. Ltd.,£10 shares, 1860 (2 examples); Oriental Hotels Co.Ltd., £10 share, 1863; Wentworth Gold Mining andIndian estates Co. Ltd., £1 shares, 1887; WesternPatkoom Gold Prospecting Syndicate Ltd., 1 foundersshare, 1890; New Oriental Bank Corporation Ltd.,100 rupee share, 1890 (2 examples); Indo BurmaOilfields (1920) Ltd., £1 shares, 1920; MalabarForests & Rubber Co. Ltd., 50 rupee shares, 1921;Suburban Land Development Co. Ltd., Rangoon, 10rupee shares, 193-, fully issued but date omitted, and,other certificates from India and Ceylon and TimorPetroleum Co. Ltd., 1926, mostly very fine with severalbetter. (16)

£140-180

x227A group of textile companies comprising; NewJehangir Vakil Mills Co. Ltd., 100 rupee preferenceshare, 1943, Indian gentleman at top, blue, adhesiveBhavnagar State revenue stamp; Western Jute BalingCo. Ltd., 100 rupee ordinary share, 19[49]; NorthernBengal Jute Trading Co. Ltd., 10 rupee shares,194[1]; Ajit Mills Ltd., 1949; Lalbhai Tricumlal MillsLtd., 1929; Ahmedabad Jupiter Spinning, Weaving &Manufacturing Co. Ltd., 10 certificates for 125 rupeeshares, 1935, and another different design, 194[7];Pakistan: Adamjee Jute Mills Ltd., a group of 10certificates for 10 rupee shares, 19[53]; Pakistan:Kohinoor Jute Mills Ltd., a group of 10 unissuedcertificates, circa 1950, and, other certificates (2), fineto extremely fine. (38)

£200-300

x228A group of Commercial and Industrial companies,comprising; Great Eastern Hotel Ltd., 100 rupeeshares, 19[16]; Central India Electric Supply andIndustrial Co. Ltd., 25 rupee shares, 19[20]; JaipurMetals & Electricals Ltd., a group of 10 certificates for100 rupee ordinary shares, [1944]; Central IndiaTobacco Co. Ltd., a group of 10 unissued certificates,193-; Himabhai Manufacturing Co. Ltd., a group ofunissued certificates for 1000 rupee shares, 190-; andothers (2), generally very fine to extremely fine. (34)

£150-200

x229A useful group of transport related certificates,comprising; Morris Transport Service Ltd., 100 rupeeshare, 1942, steamship, aeroplane and bus at top;Scindia Steam Navigation Co. Ltd., 15 rupee shares,194[8], steamship at top; Diefna Motors Ltd., Dacca,a group of 5 certificates for 10 rupee shares, 19[48],blue; Kurwai Motor Transport Co. Ltd., a group of 10unissued certificates for 10 rupee shares, 19- (circa1940), Indian gentleman at top, brown; Diefna Ltd.,Dacca, 19[47], and, Indian Standard Wagon Co. Ltd.,19[26], the last cancelled, generally very fine toextremely fine. (19)

£150-180

x230East India Company, a bill of exchange dated St. Helena 1820, addressed to the Court of Directorsin London, in the sum of £100 2s, printed form withmanuscript insertions, signed by Hudson Lowe,Thomas Brooke and Thomas Greentree, wellrepaired tear in centre, creased and slightly discoloured,ink cancelled, fine and rare.

£200-300

St. Helena was colonised by the East India Company bycharter from the British Government in 1658. Napoleonwas famously exiled there on his defeat in 1815 until hisdeath in 1821. Sir Hudson Lowe, 1769-1844, soldierand Colonial administrator, Governor of St. Helena,1815-21, gaoler of Napoleon, the handling of which hereceived much criticism.

231Madras Presidency, Khallikote Raj Sterling Loanof 1935, a group of 51⁄4% Mortgage debentures for£100, very large format, ornate border, blue-green,printed by Waterlow & Sons, with coupons, only 650issued, very fine to extremely fine. (24)

£250-300

232Bengal-Nagpur Railway Co. Ltd., stock certificatefor [£250], 191[6], no.1106, scrollwork at left,brown; together with East Indian RailwayCompany, Annuity Class B, 18[91], no.18762, issuedin London, green, very fine. (2)

£60-80

233East Indian Railway Company, Annuity Class B,18[91], no.18811, issued in London, green, good veryfine.

£40-50



www.spink.com

x234Agra Bank Ltd., £6 shares, 19[00], no.2038, issuedand signed by the liquidator, attractive scrollwork atleft incorporating coat of arms, ornate border, mauve,4 liquidators endorsements noting a total of £5 12s 6dreturned per share, about very fine.

£60-80

Bank originally established in 1833 but failed for thefirst time in the wake of the Overend Gurney crash in1866. Reconstituted in the following year but failedagain in 1900. The Taj Mahal is located at Agra.

235Agra Bank Ltd., 5 certificates for one share of £10,18[70], scrollwork at left, mauve, printed by JosephCauston & Sons; together with 4 certificates for £10shares, 18[90] to 18[93], slightly different scrollworkat left, mauve, printers imprint now Sir JosephCauston & Sons, and, another certificate for £6 shares,19[00], signed by the liquidator, scrollwork at left,mauve, all have several endorsements on face, generallyfine to very fine. (10)

£200-250

x236Bank of Bengal, 1000 rupee share, undated butrevenue stamp dated 1859, scrollwork with Britanniaon top at left, black, printed by Perkins, Bacon &Petch; together with similar certificates (4); 18[76],black, red seal, printed by T.S.Smith; 18[1904], black,dark red seal, printed by Waterlow & Sons (2examples), and, 19[08], black, dark red seal, printedby Waterlow & Sons, all cancelled, fine to very fine,together with Industrial Bank of Western India Ltd.,100 rupee shares, 19[20], black, fine. (6)

£60-80

237British Burmah Petroleum Co. Ltd., 8 shillingshares, fully paid, 19[15], no.16743, blue, andanother similar but dated London [1920], blue onpink paper, both with BBP monogram in scrollwork atleft, very fine. (2 )

£50-60

238Ceylon Company Ltd., a group of 10 certificates forone share of £20, £10 paid, 1866, attractive view oftown from the sea, good very fine to extremely fine. (10)

£250-300

Established in 1862 to acquire the Worms Coffee Estatesin Ceylon and Mauritius. Failed due to heavy losses inMauritius and the failure of its bankers, the OrientalBank Corporation in 1892.

239- a similar lot, good very fine to extremely fine. (10)

£250-300

240- a similar lot, two are a little creased and about veryfine, the rest good very fine to extremely fine. (10)

£200-250

x241Eastern Financial Association Ltd., 5 shares of 400rupees, 186[4]. no.4842, black and green, redoverprint, good very fine and scarce.

£60-80

242Great India Fire Insurance Co. Ltd., a group of 10certificates for 20 rupee shares, 191[9], heart shapedvignette of map of the Indian sub-continent, ornateborder, blue with blue-green underprint, impressedrevenue stamp, about extremely fine. (10)

£80-100

x243Investors’ Land Co. Ltd., a group of 10 certificatesfor 100 rupee shares, 1917, attractive underprint ingreen of large building, scrollwork left, black andgreen, the day and month of issue have been omittedin error, generally extremely fine. (10)

£80-100


Page 40


Page 41

x244Kalyanmal Mills Ltd., a group of 10 certificates for100 rupee shares, 192[2], mill building at top left,blue with green underprint, adhesive Holkar staterevenue stamp, a few edge chips especialy on onepiece, two have old repairs, otherwise about extremelyfine. (10)

£80-100

x245Nevatia Flour Mills Ltd., a group of 10 certificatesfor 100 rupee shares, 1915[6], ornate title with wheatsheaves, sheaves also at left, black and yellow, redimpressed revenue stamp, generally extremely fine. (10)

£80-100

246New Kusunda Colliery Ltd., a group of 43certificates for 10 rupee shares, 192[0], blue with blueunderprint overall, impressed revenue stamp, extremelyfine. (43)

£120-150

247Oriental Hotels Company Ltd., a group of 7certificates for £10 shares, £2 paid, 1863, scrollwork atleft, black, embossed seal, two have uneven left edgesotherwise extremely fine. (7)

£100-120

248Oriental Inland Steam Company Ltd., a group of84 certificates for one share of £10, 185[8], embossedseal depicting elephant, black, generally good very fineand better. (84)

£250-300

The company was formed to establish steam navigationon the rivers of India.

249Raja Gokaldass Mills Ltd., a group of 12 certificatesfor 100 rupee shares, Bombay 1918, ornate border,black, adhesive revenue stamp, generally good very fineto extremely fine. (12)

£60-80

x250Rajputana Talkies Ltd., Jaipur, a group ofcertificates for one share of 50 rupees, 19[46], cinema,camera and film at top, black, green adhesive JaipurState revenue stamps, generally extremely fine. (10)

£100-120

251Swadesh Laxmi Mills Ltd., a group of 39 certificatesfor 100 rupee shares, 1921[3], small vignette ofgoddess Lakshmi, ornate border, blue, impressedrevenue stamp, a few with tiny stain at extreme loweredge otherwise extremely fine. (39)

£100-150

252Tambracherry Estates & Wynaad Gold Mining Co.Ltd., £1 shares, 188[1], embossed seal, black (3examples); together with Tambracherry EstatesCompany Ltd., 12s 6d shares, 188[6], embossed seal,black (3 examples), very fine and better. (6)

£60-80

253United Provinces Oil Mills Co. Ltd., 100 rupeeshares, 19[21], numbers 85, 86, 87 and 88, vignetteof goddess Lakshmi, ornate border, mauve, adhesiverevenue stamp, factory at Belanganj, Agra, aboutextremely fine. (4)

£60-80

254Pondichery: SAVANA, Société Industrielle,Commerce et Financière, a group of 34 certificatesfor 2500 franc shares, Bordeaux [1951], very attractivecertificates with vignettes of elephant moving timber,oxen pulling wagon and native congregation, brown,with coupons, extremely fine. (34)

£100-150



www.spink.com

JAPAN

x255City of Nagoya, 5% Loan, 1909, a specimen bond for£100 from the Bradbury, Wilkinson & Co. archive,large format piece with large Japanese building at top,ornate border, green and black, text in English andFrench, with coupons, left edge thinned where removedfrom backing otherwise very fine and rare.

£300-400

256Ville de Tokyo (City of Tokyo), 5% Loan of 1912,bond for 500 francs, no.24709, large format piecewith vignette of tree lined river with small sailingvessel, electric tram in left border, power station inright border, green and black, printed by Waterlow &Sons, with coupons, very fine.

£80-100

257Dai Ichi Kikwan Hoken K.K. (The No.1 Engineand Boiler Insurance Company Ltd.), 10 shares of50 yen, 1931, attractive piece with portrait vignette ofJames Watt in the centre, text in Japanese and English,green and black, small ink stain at extreme top edge,very fine.

£60-80

258Nippon Kogyo Ginko (Industrial Bank of Japan),pair of bearer certificates for 10 shares and 50 shares,1906, attractive pieces with ornate borders, text inEnglish and Japanese, black and yellow and black andpink, both with coupons, small splits at folds, fine tovery fine. (2)

£150-200

NETHERLANDS INDIES259Netherlands Indies: A collection of certificates (120),comprising British rubber companies (40), 1907 to1947, includes a couple of option certificates, severalscarce titles noted, other foreign companies (5),comprising Tandjong Keling A.G. Zurich, 1000 francshare, 1927; Banjoemas (Java) Oil Concessions Ltd.,1925; Batavia Oilfields Ltd., 1920 (2 examples) andSumatra Tin Concessions Ltd., 1927, and Dutch orlocal companies (75), many plantations, some verysmall issues and a few with vignettes, mixed condition,fine to very fine, some better. (120)

£400-500


Page 42


Page 43

AUSTRALASIA

AUSTRALIA260Australasia: An accumulation of mining and othercertificates, mostly 20th century (61), includesSouthern Coal Co. of New South Wales, 18[89],Taitapu Gold Estates Ltd., £100 debenture, [1915],and Land Company of Australasia Ltd., £100debentures, 1888 and 1889, some duplication, many1920’s and 30’s British registrations, together withpost 1940 certificates (10), option certificates (7) andmiscellaneous documents (5), very mixed condition butmost fine to about very fine. (83)

£350-450

261State of Queensland, 1922, 25-Year 6% ExternalGold Loan, a specimen bond for $500, from theAmerican Banknote Company archive, Queenslandarms at top flanked by allegorical figures, orange andblack, numbered 00000 in blue, overprinted SPECIMENin red, with coupons, good very fine and rare.

£120-150

262Tasmanian Government Loan, 6% debenture for£100, 1867, no.713, coat of arms at top, ornateborder, blue, stamped PAID, good very fine.

£50-60

263Bank of South Australia, £25 shares, 18[79],no.2153, attractive scrollwork left incorporating coatof arms, black, old repaired tear at top centre otherwisefine.

£80-100

Founded in 1837 as the banking arm of the SouthAustralian Company. Separated in 1842 and given aRoyal Charter in 1847 as the South Australian BankingCompany. Name changed when charter renewed in1867. Charter cancelled in 1884 and the companyregistered then under the Company’s Act. Caught up inland speculation in the latter part of the 1880s’ andabsorbed by the Union Bank in 1892.

264Bank of South Australia Ltd., £25 shares, London18[88], no.5804, attractive scrollwork leftincorporating coat of arms, black, fine but scarce.

£80-100

265National Bank of Australasia Ltd., a specimencertificate for £10 shares, London Register, 19- (circa1910), from the Bradbury, Wilkinson & Co. archive,red, yellow underprint, red Bradbury specimen seal,with counterfoil; together with a specimen preferencestock certificate of the Trust & Agency Company ofAustralasia Ltd., 19- (circa 1910), blue and red,Bradbury specimen seal, with counterfoil, good veryfine to extremely fine.

£60-80



www.spink.com

266Union Bank of Australia, certificate for [4] shares,186[7], no.8502, black on pink paper, blue overprintacross face, good very fine and scarce.

£150-200

267Panama, New Zealand & Australian Royal MailCompany Ltd., £5 shares, partly paid, 186[5], issuedto Charlotte Fanny Countess Poulett, blue, about veryfine. (3 examples)

£150-200

Formed by the Royal Mail Steam Packet Co. to provide aservice to New Zealand and Australia via Panama. Thecompany built 4 ships but failed in 1868 and the shipswere acquired by the Royal Mail Steam Packet Companyto whom they had been mortgaged.

268Anchor Tin Mine Ltd., 5/- ordinary shares, no.501and £1 preference shares, no.804, both 19[09],anchor below the title, ornate borders, green andbrown on yellow paper, together with £50 mortgagedebenture, 1910, no.458, black, 4 pages, very fine andbetter. (3)

£60-80

269Australasian Electric Light, Power & Storage Co.Ltd., 3 different certificates comprising £5 originalshares, 188[2], £1 ordinary shares, 188[7] and £1deferred shares, 188[7], all with ornate border andscrollwork at left, black, mauve and blue respectively,the first about very fine, the second also about very finebut with discolouration in centre and the last withseveral tape repairs at top and bottom edges. (3)

£60-80

270Australian Cordillera Gold & Copper Mining Co.(Cost Book), a pair of certificates for 5 and 10 sharesof £1, both 185[2], black printing, on linen, red serialnumbers, very minor toning, good very fine. (2)

£100-120

271Bendigo Goldfields Ltd., £1 ordinary shares, fullypaid, [1897], no.216, vignettes in each corner ofmining and City views from 1851 and 1896, blue,bottom right corner missing otherwise very fine.

£60-80

272Central Exploration Company of WesternAustralia Ltd., a group of 15 bearer share warrantsfor 1 deferred share of £1, 189[5], ornate border,black, printed by Waterlow & Sons, with coupons,generally very fine. (15)

£200-300

273Challenge Mining & Milling Company Ltd., 10shilling shares, 189[9], no.316, corner vignettes ofAustralian crest, black swan, mountain scene and train,slate blue, slightly grubby with some creasing otherwiseabout very fine.

£60-80

274Durham and Lord Byron Amalgamated GoldMining Co. Ltd., £1 share, 18[90], no.1257, brownwith red overprint of capital restructure, ‘valuelessacross face in ink otherwise good very fine. (3 examples)

£60-80


Page 44


Page 45

275Glen Osmond Union Mining Company of SouthAustralia, share certificate, £10 per share paid,184[6], black on blue paper, centre fold otherwise aboutextremely fine.

£60-80

One of several early mines at Glen Osmond following thediscovery of silver. The Glen Osmond Union MiningCompany was formed by Osmond Gilles and his brotherLewis having raised funds in England. The companyhad its own smelting works and built cottages for itsminers at Harrow.

276- another similar, centre fold otherwise about extremelyfine.

£60-80

277- another similar lot but 6 examples, centre foldotherwise about extremely fine. (6)

£180-220

278Great Cobar Limited, 6% First mortgage debentures,a group of specimen certificates (6), from theBradbury, Wilkinson & Co. archives, comprising £20(2), brown and black, 1906 (no. 0001 to 2000) and19- (no. 2001 to 3500), £50 (2), pink and black,1906 (no. 3501 to 4500) and 19- (no. 4501 to 6000),£100 (2), blue and black, 1906 (no. 6001 to 10600)and 19- (no. 10601 to 11550), all with coupons,generally extremely fine. (6)

£100-150

Registered 1906 to acquire various gold, copper and coalmines covering 3,252 acres in New South Wales.

279Greenbushes Tin Fields Ltd., 10/- shares, fully paid,19[02], no.570, black swan at top, green, printed byWaterlow & Sons, good very fine.

£50-60

Greenbushes is located 150 miles south of Perth, WesternAustralia. Tin first discovered in 1888 and miningbegan the following year.



www.spink.com

280Kalgoorlie Mint and Iron King Gold Mines Ltd.,£1 preferred ordinary shares, fully paid, 1[899], no.84,attractive with small vignette of mine in centre, ornateborder, scrollwork left, mauve, about very fine.

£60-80

281Kapunda Mining Company Ltd., group of 3certificates for £1 5s shares, 18[63], signed byCharles Bagot, as director, scrollwork left, embossedseal, blue, about very fine with pin holes top left. (3)

£100-150

Kapunda, 80km north of Adelaide, was Australia’s firstmining town following the discovery of copper in 1842 byCharles Bagot and Francis Dutton. Dutton sold out hisinterest in the mine to Bagot in 1845 leaving Bagot witha controlling stake. By 1862, the mine employed 400 butoperations ceased in 1878 following the collapse in theprice of copper.

282Lady Shenton Gold Mine Ltd., 2 slightly differentcertificates for £1 shares, London register, 189[8] and189[1901], ornate border, different shades of blue,very fine. (2)

£60-80

Mines at Menzie’s Find, Coolgardie.

283Lady Shenton Gold Mine Ltd., a specimencertificate for £1 shares, 189-, from the Bradbury,Wilkinson & Co. archives, ornate border, blue,perforated SPECIMEN, with counterfoil, about extremelyfine.

£50-60

284Mawson’s “Reward” Claim Ltd., £1 shares, partpaid, 189[7], no.480, lovely vignette of miners posingwith winding gear and slag heap, ornate border, greenand black, good very fine.

£80-100

285Mount Margaret Reward Claim Ltd., £1 shares,part paid, 189[1900], no.1879, small vignettes in eachcorner, ornate border, black on blue paper, redoverprint of new capital, good very fine.

£60-80

x286Penguin Silver Mines Company, Reg’d, Tasmania,£1 shares, 187[0], no’s 53551-53600, pale blueprinting by Harris & Just of Launceston, aboutextremely fine.

£150-200


Page 46


Page 47

287Tasmanian Exploration Co. Ltd., 10/- shares,190[7], ornate border, black with pale blueunderprint, printed by Waterlow & Sons; togetherwith other certificates (35) including New ZealandMidland Railway Co. Ltd., 1889 and 1895;Madagascar Mercantile & Development SyndicateLtd., 1890; Peninsular Co. Ltd., ordinary share, 1866and preference share, 1867; Mestanza Mines Ltd.,1883, and Chemins de Fer Ethiopiens, 1899, this withhuge vignette, one or two duplicated and generally veryfine and better. (36)

£150-250

288Union Jack Consolidated Mines Ltd., 5 shillingshare, fully paid , [1900], no.585, Union Jack flag attop, red and blue, folds, otherwise good very fine.

£60-80

Registered in 1899 to acquire the Union Jack mine atCharters Towers, Queensland. Also took over GoldenGate Mining Co., Sunburst Gold Mining Co., LadyCarrington Gold Mine and John Bull Gold Mine.

289Union Jack Consolidated Mines Ltd., - a similarpiece, no.769, about very fine

£60-80

290Union Jack Consolidated Mines Ltd., - a similarpiece, no.1132, heavy folds, stained at bottom right,fine.

£50-60

x291United Victorian & Tasmanian Quartz MiningCompany Reg’d, £5 shares, 18[70], no.1291, alovely piece, printed in Melbourne, in blue, green andgold, embossed duty stamp, almost extremely fine andrare.

£200-250

Mines at Waterhouse, Tasmania. Gold was first foundat the North Eastern tip of the island in 1869 and aboom ensued which was over by 1871.

x292Waterhouse Quartz Mining Company Reg’d,Pioneer Reef, Waterhouse, Tasmania, £5 shares,18[70], no.2896-2905, ornate printing, by Turner ofLaunceston, in blue and gold, embossed seal, almostextremely fine.

£150-200

293Yorke Peninsula Mining Company Ltd., £1 originalshares, 1864, no.119, £1 preference shares, 187[5],no.63, and £1 ordinary shares, 18[80], no.1310, allwith coat of arms top left, black with mauve, yellowand buff underprints respectively, well creased but fineto about very fine. (3)

£120-150



www.spink.com

NEW ZEALAND294New Zealand Midland Railway Co. Ltd., a group ofcertificates comprising 5% first mortgage debentures,1889, for £1000 (only 265 issued) and £100, andsecond issue, 1895, £100 (only 265 issued) and £1210/-, all large format, with coupons, generally veryfine. (4)

£80-100

295New Zealand Midland Railway Company Ltd., agroup of 12 first mortgage debentures for £1,000,1895, of only 20 issued, large format, ornate border,black with yellow underprint, very fine with spike holetop left. (12)

£120-150

296Auckland & Suburban Drainage Board, 41⁄2% Loanof 1913, a specimen £100 debenture from theBradbury, Wilkinson & Co. archive, large format,ornate border, brown and black, with greenunderprint ‘£100’, with coupons, overprintedSPECIMEN, nearly extremely fine

£60-80

CANADA

297Dominion of Canada, 1918 51⁄2% 5th War Loan, abond for $50, no.054851, ship at dockside with steamtrain, “Canada’s Victory Loan 1918” in small lettersabove, blue and black, printed by the American BankNote Co. in Ottawa, split along fold just into thevignette, good fine and very rare.

£150-200

298A collection of Canadian Railway certificates,comprising; Quebec, Montreal and Southern RailwayCo., 1907; Grand Trunk Railway Company ofCanada, 4 different types including 4% GuaranteedStock, 1908, rare; Canada Southern Railway Co., 6different certificates, 5 of which are unissued,including $1000 registered second mortgage bond,signed by Cornelius Vanderbilt Jnr. but not signed bythe trustees, generally very fine. (11)

£80-100

299Cobourg, Northumberland and Pacific RailwayCompany, Province of Ontario, 12 examples of£100 5% First Mortgage Debentures, 1898, of only1512 issued, ornate border, blue, printed by Bradbury,Wilkinson & Co., with coupons, good very fine. (12)

£150-200


Page 48


Page 49

300Grand Trunk Railway Company of Canada, arather nice collection of early certificates comprising‘FOURTH PREFERENCE INTEREST STOCK’, 18[63], blackwith mauve underprint; FOURTH PREFERENCE STOCK’,18[63], black with mauve underprint and 18[69],black with grey-green underprint; ‘FIRST PREFERENCESTOCK’, 18[85], black, green and pink underprint,and, ‘THIRD PREFERENCE STOCK’, 18[87], black withyellow and pink underprint, all about very fine andrare early dates. (5)

£100-120

301Inverness Railway and Coal Company, NovaScotia, a group of 10 first mortgage 5% gold bonds for$500, 1902, all signed by William MacKenzie asPresident, steam train at top, miners at bottom,ornate border, green and black, with coupons, veryfine to extremely fine. (10)

£100-150

302- a similar lot but 20 examples, mostly very fine toextremely fine. (20)

£200-300

303New Brunswick and Canada Railway and LandCompany Ltd., a group of certificates for Class CCapital shares, 1857, 1 share (25), 5 shares (17), 10shares (14), 20 shares (9) and 50 shares (1), embossedseal of early loco, black, printed by Waterlow & Sons,the 50 has a blue ink annotation and very fine, of theremainder a few are creased but many are extremelyfine. (66)

£400-500

The railway ran from St. Andrews to Debec near theMaine border and was completed in 1862.

304New Brunswick and Canada Railway and Land Co.Ltd., a group of 100 certificates for Class C Landshares, 1857, embossed seal depicting earlylocomotive, blue, printed by Waterlow & Sons,generally good extremely fine. (100)

£300-400

305- a similar lot but approximately 400 examples, a fewpieces creased but generally extremely fine. (approx.400)

£800-1,200

306Toronto Grey & Bruce Railway Company, $100shares, 187[6], no.B130, circular logo withwheatsheaves and steam train top centre, black, greenpaper seal, surface dirt and some edge tears, fine andrare.

£60-80

307A small group of Canadian certificates, comprisingBritish America Corporation Ltd., 189[8], facsimilesignature of Whitaker Wright; Comstock Mines(British Columbia) Ltd., 189[7], British-CanadianTimber & Manufacturing Co. Ltd., 189[9] (2examples); Nova Scotia Land and Gold Crushing andAmalgamating Co. Ltd., 1863, and, New City estatesLtd., 1914 (2), generally very fine to extremely fine. (7)

£80-100

308An accumulation of Canadian mining, oil, landand timber and other companies, (38), mostly alldifferent and mostly early 20th century, a few withvignettes, includes Cable Auto Tire Co. Ltd., (BC),$10 shares, 191[5], condition is very mixed but manyare very fine. (38)

£100-150



www.spink.com

309British Columbia Mining Companies (6),comprising; Kelley Creek Gold Mining and MillingCo. of British Columbia, $1 shares, 1[897]; VirginiaMining Comany Ltd., $1 shares, 1[898]; Maple LeafMining and Development Co.Ltd., $1 shares,Vancouver 190[2], split at folds;, Wild Horse GoldMining Co. Ltd., $1 shares, Rossland 1[897]; KingEdward Mines Ltd., $1 shares, 1[904], and SpitzeeMining Co. Ltd., $5 shares, 190[6], generally very fineunless stated. (6)

£100-120

310A small group of Canadian gold mining and landcompanies, mostly British Columbia, comprising; LaRegina Gold Mining Co., 1896; Westeagle Ltd.,1901; Winnipeg Mines Ltd., 1901; Le Roi MiningCo. Ltd., 1899, facsimile signature of WhitakerWright; J.O. 41 Gold Mining Company of RainyRiver, 1899; New Deer Park Gold Mining Co., 1899;Ymir Gold mines Ltd., 1909; Canadian Agricultural,Coal & Colonization Co. Ltd., £100 debenture,1889, and, Western Canada Land Co. Ltd., 1913, veryfine to extremely fine. (9)

£120-150

311British Columbia Mines: A small collection of mostly19th century certificates comprising Bornite BankGold Mining Co. Ltd., 1[900]; Bunker Hill MiningCo. Ltd., 1[899]; Cromwell Mining andDevelopment Co. Ltd., 1[899]; Equitable GoldMining & Development Co. Ltd., 1[899]; GreatWestern Mines, [1902]; International Gold-Coppermining Co. Ltd., 1[897]; Keystone GoldMining Co., 1[899]; Kootenay & North West MiningCo., 1[897]; Kootenay-London Mining Co., 1[897];Lerwick Gold Mining Co., 1[897]; Montezuma GoldMining Co., 1[896]; Noonday Mining Co., 1[896];Oriel Mining & Milling Co. Ltd., 1[900]; Rossland &Green Mountain Gold Mining & Development Co.,1[898]; Rossland Star Gold Mining Co., 1[897], and,Waneta and Trail Creek Gold Mining Co., 1[896],several with vignettes, mostly very fine to extremely fine.(16)

£250-300

312Canada West Land & Petroleum Co. Ltd., a groupof 24 certificates, each for one share of £20, 1866,black printing, embossed seal at bottom left, centrecrease otherwise generally extremely fine. (24)

£150-180

313Canadian North Pacific Fisheries Ltd., $5 ordinaryshares, a group of certificates for 25 shares, serial letter‘B’, 50 shares, serial letter ‘A’ (7) and 100 shares, serialletter ‘E’ (2), all 19[12] or 19[13], very attractivepieces with vignette of beached whale and fishing boat,blue green with yellow underprint, printed byWaterlow & Sons, the last offering from a largerquantity sold in our last auction, fine to very fine andbetter. (10)

£300-350

314Halifax Sugar Refining Co. Ltd., A group of 13debentures for £100, 188[4], plain black printing,with coupons, mostly very fine and better. (13)

£120-150


Page 50


Page 51

315Lillooet, Fraser River & Cariboo Gold Fields Ltd.,a pair of bearer warrants for 4 and 5 shares of £1,London 189[5], no.B1084, and 189[6], no.C10441,lovely pieces printed by Waterlow & Sons, vignette ofriver and mountains, ornate border, text in Englishand French, yellow and black, and blue and black, withcoupons, almost extremely fine. (2)

£100-120

316Yukon Goldfields Ltd., £1 shares, part paid, 1[899],no.75, scrollwork at left, green, about very fine.

£50-60

317- another similar but no.454, about very fine.

£50-60

EUROPE MISCELLANEOUS LOTS

x318A group of Hungarian and German shares andbonds, comprising, Dr. Just Glow-Lamp andElectrical Factory Co. Ltd., 25 shares of 200 kronen,1921, 1 share of 200 kronen (4), 10 shares of 200kronen, and 25 shares of 200 kronen, all 1923, text inHungarian, German, French and English; AllgemeineHolzindustrie und Holzhandels A-G, 25 shares of 200kronen (2), 1923 and 1924, text in Hungarian andGerman, generally very fine to about extremely fine;together with Hungarian and German State and Cityloans, including Frankfurt and Hamburg, generallyabout very fine but a few with edge tears. (40)

£180-220

319A group of bonds and share certificates fromRoumania, Bulgaria, Yugoslavia and Serbia, (29),some duplication, mixed condition, fine to very fine.(29)

£120-150



www.spink.com

BELGIUM

320Kingdom of Belgium, Stabilisation loan, 1926, aspecimen bond for £100, from the Bradbury,Wilkinson & Co. archive, large format piece, ornateborder, red and black, blue Bradbury specimen stampat bottom, with coupons, creased bottom left cornerotherwise about extremely fine and rare.

£200-250

321Battle of Waterloo, a lottery ticket for 1 florin, 1827,for the chance to win a painting of the battle by M. LeRoy, black on thick paper, very fine.

£50-60

The painting which measured 8 feet by 5 feet and waslavishly framed, was painted in 1816 and won first prizewhen exhibited in a competition in Gand (Ghent) andwas reputed to cost 6360 florins. It was the most detaileddepiction of the battle and included all the prominentfigures such as Wellington, Napoleon, Blucher, thePrince of Orange and the Prince of Saxe Weimar. Alongwith the painting the prize included an engraved battleplan and other documents.

322Belgian Public Works Co. Ltd., certificate for 10 ‘A’preference shares of £10 each, £5 paid, 1867, no.48,some coupons attached, decorative border with crest,lilac, very fine.

£40-50

An early Baron Grant company of which he waschairman. Grant’s reign as company promoter came toan end in the 1880’s with a very high profile bankruptcyand allegations of fraud.

323Howe Machine Company S.A., a pair of certificatesfor 1 and 5 shares of 100 francs, Brussels 1889, thecompany’s Glasgow factory at bottom, sewingmachine and cyclist at left and right, Elias Howe, theinventor, medallion at top, brown and green and blueand orange respectively, with all coupons; togetherwith an interesting illustrated weekly report onproduction in Glasgow, 1889, black, with severalvignettes at top, extremely fine. (3)

£120-150

324S.A. des Ateliers de Construction, Forges &Aciéries de Bruges, one fifth of a 500 franc share,Bruges 1896, no.0135/5, beautiful design with framemade of ornate architectural iron castings with coat ofarms and factory in bottom corners, red-brown andgrey-green, with coupons, good extremely fine.

£60-80


Page 52


Page 53

325Société Générale de Belgique S.A., a group of 3specimen ‘part de reserve’ for 1250 francs, from theBradbury Wilkinson archives, three different issues, 28February 1928, 10 May 1929 and an undated issuelater than 1935 (printer’s annotation for 1945), thiswith small red DUPLICATA overprint, vignettes ofcoat of arms, steam locomotive, miners undergroundand mine buildings, large allegorical female in thecentre, green and black, with coupons, the first 2 withred ‘specimen’ medallion at bottom, extremely fine. (5)

£60-80

Formed in 1822.

326Société Générale de Belgique S.A., a group of 5specimen ‘part de reserve’ for 1250 francs, Brussels1928, from the Bradbury Wilkinson archives, vignettesof coat of arms, steam locomotive, minersunderground and mine buildings, large allegoricalfemale in the centre, green and black, with coupons,red ‘specimen’ medallion at bottom, extremely fine. (5)

£120-150

Formed in 1822 under the auspices of King William ofthe Netherlands. Served as the National bank ofBelgium after independence in 1830 until 1850 whenthe Banque Nationale was formed. Invested in allbranches of industry at home and in the Colonies such asCongo. The banking arm was split after 1929 and thecompany was eventually merged into Suez Lyonnaise desEaux in 1998.

327Société du Nouveau Cirque, 100 franc share, Gand1894, no.3241, ornate border with allegorical figuresdepicting an artist and a musician, horses heads andcoat of arms, blue-green and black, buff underprint,no coupons, couple of small repaired edge tears, fine tovery fine.

£80-100



www.spink.com

328Société Royale de Zoologie d’Horticulture etd’Acrement de Bruxelles, nominative certificate for 1share, [1859], no.1927, classic design with stonearchway with various animals including a tiger, snakeand crocodile, black, yellow underprint, split alongcentre fold, very fine.

£120-150

The zoo was founded in 1851. Shares exchanged for Cityof Brussels bonds in 1878.

BULGARIA

329Free Theatre Co., 1000 leva share, 1918, no.2690,large theatre with motor car, horse-drawn wagon andwell dressed patrons outside, black and yellow, paleblue underprint, with coupons, very fine.

£80-100

330Peoples Bank of Sofia, 20 shares of 50 leva, 192[31]and 50 shares of 50 leva, 192[34], very colourfulpieces with bank office at bottom and depictions ofagriculture and commerce in each corner, no coupons,good very fine. (2)

£80-100


Page 54


Page 55

331Radopi Wood Industry, 100 leva share, undated butcirca 1917, several vignettes of sawmill, woodproducts and forest, blue and yellow, with coupons;together with Kalpasonow, 1000 leva share, 1920,large allegorical figure at left, woman operatingweaving machine at bottom, black, green and yellow,with coupons, good very fine. (2)

£60-80

332Bulgaria, 5000 leva share, 1925, no.142, of only 500issued, factory at bottom left, allegorical female andcherubs above holding share certificates, dark greenand brown, pale green underprint, good very fine andscarce.

£50-60

CROATIAx333Croatia: A collection of banks, comprising; HrvatskeKatolicke Banke, 100 kruna, 1907, 1st issue and 100kruna, 1919, 2nd issue; Hrvatske Banke u Travniku,100 kruna 1924; Muslimanske Banke, 200 kruna,Stocu 1922; Komercialna Banka, 400 kruna, Brodu1906; Dobrovoljacka Banka, 100 dinara, Zagreb1922; Staropazovske Banke D.D., 120 kruna, StarojPazovi 1920; Hrvatska Gospodarska Banka, 10 sharesof 100 dinara, Zagreb 1935; Sredisnja Privredna IZadruzna Banka, 1 and 5 shares of 200 kruna, 1922;Jugoslavenska banka, 10 and 25 shares of 400 kruna,1921, and, Jugoslavenska Udruzena Banka, 5 shares of200 dinara, 1928, most with coupons, generally veryfine to extremely fine. (13)

£200-250

x334Agrarne Stedionice Dionicar. Drustva u Zlataru(Zlataru Agricultural Company), a series of 3certificates comprising, 100 kruna, 3rd issue, 1919; 10shares of 100 kruna, 1920, and, 100 shares of 25kruna, 1925, all with vignette of horse and plough,black & blue on pink paper, black & green on greenpaper, and, blue & silver on white paper, all withcoupons, good very fine to extremely fine. (3)

£60-80

x335Prva Hrvatska Obrtna Banka (First CroatianBank), set of 4 certificates for 1, 5, 10 and 25 sharesof 400 kruna, Zagreb 1920, ornate borders, smallvignette at centre depicting tools, black with variouscolour underprints, with coupons, extremely fine (4)

£60-80

CZECHOSLOVAKIA

336Erzgebirg’sche Eisen-Und Stahlwrks-gesellschaftin Komotau, 200 gulden share, Prag 1871, no.8625,vignettes in each corner of steel making, very ornateborders, black and grey, no coupons, good very fine.

£80-100

337Skoda Works, a group of 4 first mortgage debenturesfor £100, 1930, large format, ornate borders, brownand black, 4 pages, printed by Waterlow & Sons, oneis very fine, the rest almost extremely fine. (4)

£80-100



www.spink.com

FINLAND

338Municipal Mortgage Bank of Finland (SuomenAsuntohypoteekkipankki), a specimen 61⁄2% SterlingMortgage bond for £100, 1927, from the Bradbury,Wilkinson & Co. archive, large format piece withvignette of allegorical female and lion at top, ornateborder, blue and black, red Bradbury specimen stampat bottom, with coupons, very fine to extremely fine.

£150-180

339Marja O.Y., 1 share of 400 marks, Parola 1944,together with 10 shares of 400 marks, Parola [1952],bunches of grapes hang from the title, ornate borders,brown, green and red and green and red, very fine. (2)

£60-80

FRANCE

340The Aeolian Company S.A. Française, 100 francshare, Paris 1923, no.7839, ornate border withvignettes of organs, a pianola with rolls, gramophoneplayer and records, large vignette of piano showroomin underprint, blue and yellow-brown, with coupons,extremely fine

£70-90

341Banque D’Escompte de Rouen, 500 franc share,1883, no.384, of only 500 issued, beautiful vignette ofcity and dockside, allegorical females on plinths ateither side, black, pale blue underprint, with coupons,extremely fine and scarce.

£120-150


Page 56


Page 57

342Banque Industrielle Stéphanoise, 100 franc share,Saint Etienne [1920], no.7311, allegorical figures onarchitectural columns at either side, brown and blue,with coupons, good very fine.

£60-80

343Compagnie des Claridges Hôtels, a group of 12certificates for 100 franc shares, Paris 1921, classicmulticoloured design with steamship at left and steamtrain at right, red and blue with yellow underprint,endorsement on face, with coupons, generallyextremely fine and better. (12)

£200-300

344Compagnie des Tramways Electriques de Limogesa Aixe (Haut-Vienne), a group of 65 certificates forshares of 100 francs, Paris 1899, ornate border, black,yellow underprint, with coupons, extremely fine. (65)

£200-300

345Compagnie Générale Francaise D’Assainissementdes Villes et des Communes, a group of 73 foundersshares, Paris 1896, numbers 6501 to 6573, ornateborder, black and green, with coupons, all withrevenue stamps but some have not been signed by theadministrator, apart from the top piece they areextremely fine. (73)

£100-150

346Compagnie Maritime de la Seine, a group of 10founders shares, Paris [1899], attractive pieces withriver views and steamboats, allegorical female sitting atdockside and rising sun in the centre, brown, nocoupons, generally extremely fine. (10)

£100-120

347Compagnie Parisienne des Voitures Electriques(Procédés Kriéger), part bénéficiaire, Paris 1900,no.1578, lovely Art Nouveau design with four of thecompany’s vehicles at left, brown and yellow, withcoupons, extremely fine.

£60-80

348Grand Casino Municipal de la Ville de Biarritz,100 franc share, 1900, no.3419, vignette of veryimpressive building at top left, lady in bathing suit bythe sea at bottom left, green, with coupons, withendorsements of payments to 1914, about extremelyfine.

£60-80



www.spink.com

349Groupement National de la Baie Mont-SaintMichel, 100 franc share, Paris 1927, no.40543, veryattractive piece with architectural border withvignettes of the small Island off Normandy andarchitectural detail of the Monastery and coats of arms,blue and green, with coupons, very fine to extremelyfine.

£60-80

350Journal La Mode Nationale S.A., 100 franc share,Paris 1898, no.9531, attractive piece with womenwearing fancy hats in each corner, brown and blackwith pale green underprint, with coupons, good veryfine.

£60-80

351Pont de la Mulatiere, 500 livre share, 1790, no.420,black printing on thick paper, signed by 5 directors butthe name of the shareholder has not been inserted,uneven top edge, good very fine.

£200-250

352Soc. Anonyme du Petit Journal, pair of certificatesfor 500 franc share, 1896, and 500 franc preferenceshare (action de priorité), 1921, very attractive andwell engraved borders of busy dockside, ploughingscene, books and works of art, steam printing press andallegorical figures, office building top centre, blackwith yellow underprint and blue with blue underprint,good very fine and extremely fine, the second holecancelled. (2)

£80-100

353No lot

354Société Génétale d’Automobiles Electro-Mécaniques, a group of 8 certificates for one share of100 francs, Paris 1907, ornate border, brown andblack with orange-brown underprint, with allcoupons, extremely fine. (8)

£80-100

355No lot

356St.Etienne Brewery Co. Ltd., a group of 26debentures for £100 each, 1891, large format piecewith ornate border, black, 4 pages, very fine toextremely fine. (26)

£100-150

One of the many breweries that were acquired by Britishcapital in the late 19th century.


Page 58


Page 59

GERMANY357Kingdom of Westphalia, 6% Loan, 1808, bond for200 franken, coat of arms at top, ornate border, black,with coupons, large tear at right edge with light repair,fine

£80-100

358City of Berlin, a group of 4% internal loanscomprising 1912, 500 marks (3), 1000 marks (8),5000 marks (2); 1914, 500 marks (8), 2000 marks(6), 5000 marks (1); 1915, 200 marks (5), 1000marks (52), 2000 marks (17), 5000 marks (4); 1919,200 marks (5), 1000 marks (1), 2000 marks (1),attractive printing, each year in a different colour,mostly with coupons, mixed condition but mostly veryfine and extremely fine. (113)

£300-400

359Actien-Brauerei Neustadt-Magdeburg, 200 thalershare, 1873, no.5582, red endorsement revaluing theshare at 400 RM, very pretty piece with huge brewerybuilding atop hillside, architectural borders, orangeand brown with pale green underprint, single holecancel, near extremely fine.

£100-150

360Berliner Grundbesitz-Actien-Fesellschaft (BerlinFreehold land Co.), a group of 4 debentures for 1000marks or £50 and 4 debentures for 2000 marks or£100, Berlin 21st June 1881, large format pieces withtext in English and German, black with green andblue-green underprints respectively, English revenuestamps, with coupons, generally about very fine andbetter. (8)

£600-800

Only 500 mark shares of this company have so far beenrecorded by Suppes.



www.spink.com

361Magdeburger Lebensversicherungs-Gesellschaft,500 taler share, 1856, no.2591, overstamped withrevaluation of 100 RM, ornate border incorporatingfemales with thread and coat of arms, brown andblack, good very fine.

£200-250

362Rheinisch-Westfalisches Elektrizitatswerk A-G,1000 mark share, Essen 1922, ornate border, greenand pink, red overprint reducing the share value to400 RM; together with 400 RM share, essen 1928,ornate border, brown, green and pink, both lackingcoupons but uncancelled, extremely fine. (2)

£80-100

363Stahl-Schrauben-Dampfschiffe “Herzog JohannAlbrecht” (Steel Screw Steamship “Herzog JohannAlbrecht”), antheils-acte, Wismar [1901], of only 80issued, single funnel steamship at top, ornate border,black with buff monogram underprint, 4 pages, spikehole at top left, good very fine and rare.

£200-300

364- a similar lot, spike hole at top left, good very fine andrare.

£200-300

365- a similar lot but 6 examples, spike hole at top left, goodvery fine and rare. (6)

£1,000-1,200


Page 60


Page 61

366Stahl-Schrauben-Dampfschiffe “Paul Podeus”(Steel Screw Steamship “Paul Podeus”), 3000Reichsmark antheils-acte, Wismar 1899, of only 70issued, single funnel steamship at top, ornate border,black with buff monogram underprint, 4 pages, spikehole at top left, good very fine and rare.

£200-300

367- a similar lot but 3 examples, spike hole at top left, goodvery fine and scarce. (3)

£500-700

368West Prussian Mining Company Ltd., £10 shares,series A, 18[90], no.113, issued to AdmiralCommerell, black, very fine.

£50-60

GREECE

369National Mortgage Bank of Greece, 7% SterlingMortgage Bonds, a series of specimen bonds from theBradbury, Wilkinson & Co. archive, £100 and £500,1928 and £100, 1930 seies B, Athena standing at top,obverse and reverse of ancient Greek coin, a stater ofthe mint of Pheneos in Arkadia, in bottom corners,green, red and blue respectively, with coupons, thefirst and last with red Bradbury specimen stamp, the£500 numbered 00000, almost extremely fine. (3)

£120-150



www.spink.com

370Faleron Textile Works Ltd., certificate for 1 share of500 drachma, Piraeus 1891, large format piece withwoman seated at spinning wheel, ornate border,brown and yellow, text all in Greek, with coupons,repaired tear, taped on the reverse otherwise very fineand rare.

£60-80

Faleron is a small suburb of Athens.

371A collection of Greek bonds and share certificatescomprising Piraeus-Athens-Peloponnesus RailwayCompany, £100 bond, 1898, small vignette ofallegorical figures, blue; dividend share, 1910, smallvignette of steam train, brown and black; 4% Loan,1912, £20 bond, very large format, steam train at top,green; Kerameikos Pottery Company, 1 share, 1911(2) and 5 shares, 1911, allegorical figures with Greekpottery, view of Athens at top left; Banque duCommerce et D’Industrie de Volo, 25 shares, 1926,ploughing at top; Banque D’Athenes, 1 share, 1919,attractive allegorical figures; S.A.des Glacieres dePatissia, 1 share, 1922, ornate border with penguinsand blocks of ice, and Soc. des Usines du Laurium, 1,5 and 25 shares, 1923/4, ornate borders, generallyvery fine or better. (12)

£80-100

HUNGARY

372Hungarian Central Mutual Credit Institute, 7%land mortgage sinking fund gold bond, a group of 24bonds for $1000, 1927, vignette of building withagricultural scenes at either side, ornate border, greenand black, some with coupons, uncancelled, pinholes,good very fine and scarce. (24)

£500-600

373Appony-Kovarczi Mezogazdasagi-Es SzeszipariReszvenytarsasag, 200 kronen share, Appony 1914,no.1776, large format piece with very well dressedworker with steam engine and factory in background,text in Hungarian and German, dark blue-green, withcoupons, near extremely fine.

£100-150


Page 62


Page 63

374Hungary: A small collection, comprising; LloydBank A.G., 1 share of 400 kronen, 1923; “Haztartas”Fogyasztasi Szovetkezet (Household Consumers Co-operative), 50 korona, 1918; Bekesi HaziipariSzovetkezet (Bekesi Homecraft Co.), 100 korona,1920; “Keve” Ruhazati Aruhaz Szovetkezet (KeveClothing Co.), 100 korona, 1923; MagyarMezogazdak Szovetkezete (Hungarian Co-operative),40 pengo, 1935; Szovetkezeti Uzletresz (Co-operativeBusiness), 10 pengo, 1932; other bonds and sharecertificates (7), some decorative, generally very fineand better. (13)

£100-150

ITALY

375Genoa and District Water Works Co. Ltd., a groupof 25 first mortgage debentures for £20, 1913,numbers 2964 to 2999, large format piece withattractive vignette of Genoa harbour with lots of ships,red and black, text in English and Italian, printed byBradbury, Wilkinson & Co., with coupons, the firstand last a little creased but otherwise mostly aboutextremely fine. (25)

£400-500

376La Luisiana S.A. Cooperativa di AssicurazioniGenerali, 5 shares of 50 lire, Palermo 19[07], no.25-30, attractive scrollwork border with allegorical femaleholding cornucopia in one hand and paper money inthe other at right, Naples Exposition medal at left,black with pink underprint, good very fine.

£80-100



www.spink.com

LITHUANIA

377City of Wilno (Vilna), 5% sterling conversion loan, agroup of 5 bonds for £20, 1931, ornate border, blueand black, with coupons, very fine. (5)

£100-150

378Lithuania, Zemes Banko, 7% Loan, 1930, aspecimen bond for 5000 lits, from the Bradbury,Wilkinson & Co. archives, peasant woman in wheatfield at top, ornate border, red and black, withcoupons, blue circular Bradbury specimen stamp atbottom, extremely fine.

£80-100

379Lithuania, Zemes Banko, 6th series, 4% loan, 1935,a pair of specimen certificates for 100 and 500 litu,1935, from the Bradbury, Wilkinson & Co. archives,peasant woman in wheatfield at top, green and bluerespectively, with coupons, red Bradbury specimenstamps at bottom, extremely fine. (2)

£120-150

NORWAY380Bohnsdalen Wood Pulp & Paper Mills Ltd., agroup of certificates for £10 shares, 18[90] to 18[95],scrollwork at left, black; together with certificates ofdeposit of debentures, [1899] (2 examples), black,fine to very fine, the latter with ‘valueless’ handwrittenacross face in red ink. (7)

£80-100


Page 64


Page 65

PORTUGAL381An attractive group of Portuguese certificates,comprising; Copanhia das Aguas Medicinaes doArsenal de Lisboa, 10,000 resi share, 1907, vignette ofbuilding at top; Companhia Portuguesa de Algodoes,1 and 5 shares of 100 escudos, 1920, seated womanknitting, and, Banco Colonial Portuguez, 1 share,1918, large coat of arms with river scene and shippingat dockside, about very fine to extremely fine. (4)

£80-120

382Public Treasury 6% Loan, 1828, 200 milreis, no,146, an early printed certificate with denominationinserted by hand, black printing on thick paper, 4 pages, paper a little weak from prior damp, very fine.

£150-200

The loan was raised for military purposes at thebeginning of the civil war between Emperor Pedro ofBrazil and his brother Miguel who had seized thePortuguese throne.

383Banco Nacional Ultramarino, a lovely set of fourspecimen certificates for 1, 10, 20 and 50 shares of300 escudos, 1955 (missing the 5 shares), from theBradbury, Wilkinson & Co. archives, very attractivedesigns with vignette of sail assisted steamship at top,red, mauve, blue and brown respectively, withcoupons, generally extremely fine. (4)

£120-150

384Companhia Continental de Fosforos, certificates for1, 5 and 10 shares of 100 escudos, Porto 1928, ornateborders, blue-green, 4 pages; together withCompanhia Lusitana de Fosforos, 5 shares of 100escudos, Porto 1928, factory at top, green and orange-brown, 4 pages, generally very fine or better. (4)

£80-120

385Cia das Fabricas de Garrafas na Amora, 6% bondfor 40 escudos, Lisboa 19[20], no.810, large vignetteof factory by the sea, ornate border, blue-green, withcoupons, tiny stain at bottom edge, very fine.

£60-80

386Companhia Productora de Malte e CervejaPortugalia, 500 escudo shares, certificates for 5 and10 shares, 1946 and 1, 5 and 10 shares, 1966, allsimilar design of brewery building at right and vats atleft, various colours, 4 pages, all with hole cancellationin the company seal, very fine and better. (5)

£140-180



www.spink.com

387Empreza Agricola do Principe, 5000 reis shares,certificates for 5 shares, 1st issue, 1900 and 1 share and10 shares, both 2nd issue, 1901, large format pieceswith vignettes of administrative building and landscapeintertwined with cocoa bean plant, blue & orange,black and brown, and red and grey-green respectively,many dividend stamps on the latter two, the first withedge tear at left just touching the design and slightlychipped edges, very fine, the others with slight spotting atedges but extremely fine. (3)

£150-200

388Empreza Tauromachica Lisbonense, certificate for 1share of 50$000, 1893, no.2377, very attractive largeformat piece with bullfighter at left, herdsmen right,underprint of bullring, bull’s head and implements attop, black & brown, 4 pages, very fine to extremely fineand rare in issued form.

£700-800

389Empreza Tauromachica Lisbonense, certificate for 4shares of 50$000, 1893, no.1434-1437, veryattractive large format piece with bullfighter at left,herdsmen right, underprint of bullring, bull’s headand implements at top, pink & blue, 4 pages, rustypaper clip marks at sides and some spotting but otherwisevery fine and rare in issued form.

£600-700


Page 66


Page 67

390Empreza Tauromachica Lisbonense, certificate for 8shares of 50$000, 1893, no.294-304, very attractivelarge format piece with bullfighter at left, herdsmenright, underprint of bullring, bull’s head andimplements at top, red & pale blue-green, 4 pages,some spotting but very fine and rare in issued form.

£800-1,000

391Empreza Tauromachica Lisbonense, certificate for 1founders share, 1894, no.8, ornate border, red-brown,blue duty stamp, 4 pages, light stain in bottom margin,heavy centre fold, about very fine and rare.

£60-80

392Estrela de Portugal Empreza de Pesca, a set of threecertificates for 1, 5 and 10 shares of 100$00 escudos,Lisbon 1923, rope border with stylised galleon at top,blue, yellow and mauve respectively, embossed seals,blue duty stamp, very fine to extremely fine. (3)

£60-80

393Moagem D’Elvas, certificates for 1, 5 and 10 sharesof 100 escudos, Lisbon 1933, plain printing, black,green and brown respectively, very fine to extremelyfine. (3)

£60-80

394Sociedade de Habitacoes Salubre e Economicas OLar Nacional, 100 escudo share, Lisboa 1920 overprinted 1919, no.1311, attractive piece with border ofnumerous houses of varying size, large houses undertitle, brown with yellow underprint, 4 pages, good veryfine.

£60-80



www.spink.com

ROUMANIA395Kingdom of Roumania Monopolies Institute,Stabilisation and Development loan, 1929, a group of20 bonds for £100 each, large format pieces withvignette of Bran Castle (one of the several locations forthe Count Dracula legend), blue and black, withcoupons, not cancelled, a few edge nicks and small tearsbut generally very fine and better. (20)

£250-300

396Banca Agrara S.A., 1000 lei share, Cluj [1921],no.1593, large format piece with huge vignette ofnaked figure holding large sheaf of wheat over farmerploughing a field, brown, black and yellow, withcoupons, tiny repaired edge splits at folds, very fine.

£100-120

SERBIA397A small group of Serbian bank certificates,comprising; Pirotska Bank, 400 dinara, 1930;Industriska Bank, 5000 dinara, 1930; VlasotivachkaCedit Bank, 200 dinara, 1925, perforated cancelled;Homolske Bank, 1000 dinara, 1928; KrawskaAgricultural Credit Bank, 3000 dinara, 1930, holecancelled, and, Toplichke Bank, 200 dinara, 1925, allvery attractive and colourful pieces, several withvignettes, most with coupons, very fine and better. (6)

£120-150

SPAIN398A group of Spanish mining companies comprising;La Suerte Soc. Minera en Hiendelaencina, quartershare, Madrid 185[5], couple of repaired edge tears;,S.A. Minas de Alcaracejos, Bilbao 1[898], minebuildings at top left; Minas de Carmenes, Gijon 1903,large allegorical female with train in background; Cia.de las Hulleras de Ujo-Mieres, 5 shares, 1904, verylarge vignettes of coal miners at work underground attop, pushing carts above ground at bottom (2examples); Cia Explotadora de la Mina “Prevision”, 50peseta bond, Barcelona 1922, Virgin Mary at top left;S.A. la Argentiferas de Cordoba, Bilbao 1916, minebuildings at top, green; Cie Miniere de Marbella, 250franc share, Brussels 1911; Cia Espanola de Minas delRif, Madrid 1935, coat of arms at top (2 examples),and, 4 different certificates of Compania General deMinas y Sondeos, all 1901, mostly very fine to extremelyfine. (14)

£120-150

399Five attractive Spanish pieces, comprising CompaniaGeneral de Coches de Lujo, 500 peseta share, 1909,horse drawn coach at top; Sericum S.A., 500 pesetashare, 1919, silk moth and textile machinery; S.A.Electrica Morellana, 250 peseta share, 1905, batteryand turbine at bottom; Ribas y Pradell S.A., 500peseta share, 1926, buildings in each corner, and,Columba Cafes y Chocolates Albino Escribano S.A.,500 peseta share, Madrid 1948, interesting art decodesign, generally very fine and better. (5)

£120-150

400A useful group of all different Spanish certificates,(31) dated from 1854 to 1969 but mostly from the1920’s, nearly all with vignettes and some are quitesmall issues, a handful are unissued and a few arecancelled, includes Compania Trasatlantica, Barcelona1920, steamship at top; Banco de Cartagena, 500peseta shares, 1900, series 1 and series 2, both withlarge vignette of Mercury and Argos by Velasquez;Transporte Aereo por Cables y Urbanizaciones S.A., 1and 5 shares, 1946; Ferro Carril de Granollers a SanJuan de las Abadesas, 3% bond, 1863, and, FerroCarriles Economicos de Villena a Alcoy a Yecla yAlcudia de Crdpins, 3% bond, 1883, generally very fineand a colourful lot, well worth inspection. (31)

£200-300


Page 68


Page 69

4015% Royal Loan, bond for $5000 or £1080, London1852, no.184, ornate printing, text in Spanish,English on reverse, black, some chipping at right handcorners, about very fine.

£160-180

Issued in London, by Carlos VI, second Carlist claimantto the throne of Spain, whilst living in Naples. Paymentwould only be made on recognition of his title to thethrone or on his entry into Madrid. The second CarlistCivil War was fought mainly in Catalonia from 1846until 1849

402Caja Universal de Capitales (Compania general deseguros mutuos), certificate for 1000th interest,Madrid 1859, no.16, issued to the founder of thecompany Sr.Francisco de P. Retortillo, attractiveborder of scrollwork, allegorical male with key andstrongbox at top, caduceus, hat of Mercury, anchoretc. at bottom, black with yellow underprint, smallrepaired edge tears, good very fine.

£60-80

403“Colón” Compañia Transaerea Española, a groupof 21 certificates for 250 bonds, series A, Madrid1928, large airship at top, ornate border, green withorange underprint, with coupons (16) and withcoupons removed (5), generally extremely fine. (21)

£200-300



www.spink.com

404La Hispano Suiza Fabrica de Automóviles, 500peseta share, 3rd issue, Barcelona 1906, no.1007,attractive Art Nouveau design with elegant lady inflowing dress, motor car in the background, blue, darkgreen and red, no coupons remaining as usual, goodedge at right, 3000 issued, extremely fine.

£140-180

405San Cebrian Railway and Collieries Company Ltd.,a group of 20 certificates for £10 ordinary share, and20 certificates for £10 preference share, all dated188[5], scrollwork to left, black generally extremelyfine. (40)

£250-300

406- a similar lot but 50 of each type, generally extremelyfine. (100)

£300-400

407- a similar lot but 193 ordinary shares and 178preference shares, a few damaged but the majority arevery fine to extremely fine. (371)

£600-800

408Société des Mines de Cabo de Palos, a group of 13certificates for one share of 100 francs, Paris 1907,attractive pieces with vignettes of coal drillingapparatus, tools and loaded wagons, green with yellowunderprint, with all coupons, extremely fine and better.(13)

£150-200

409South Eastern Railway of Spain Ltd., 4 bearer scripcertificates for “fully paid obligations”, 18[85],decorative border, black with embossed seal, one withuneven left edge otherwise good very fine. (4)

£60-80

SWEDEN410Kreuger & Toll Co. (Aktiebolaget Kreuger &Toll), a group of American certificates issued inexchange for deposited debentures with Lee,Higginson Trust Company, comprising, New Yorkregister, 100 certificates, orange (7), less than 100certificates, green (15), Boston register, 100certificates, orange (5), and less than 100 certificates,green (15), all dated between 1929 and 1939,allegorical female with winged wheel, mixed conditionbut many are very fine and better. (42)

£100-150

SWITZERLAND

410ASociété du Chemin de Fer Électrique Rolle-Gimel,41⁄2% bond for 100 francs (of 1200 issued), Rolle1900, no.18, ornate border, red and blue with paleblue underprint, hole cancelled, good very fine andrare.

£100-120


Page 70


Page 71

YUGOSLAVIA411Kingdom of Yugoslavia, 1931, 7% InternationalLoan, a group of 35 bonds for 100 francs, ornateborders, red-brown, text in French and Cyrillic, withcoupons, very fine to extremely fine. (35)

£80-100

GREAT BRITAIN AND IRELAND

Government Loans

412Treasury Warrant dated 25th April 1750,addressed to Robert Walpole, 1st Earl of Orford,auditor of the Receipt, authorising the payment of£39631 6s 101⁄2d being the deficiency in the duties onglass and spirits in 1749, signed by Henry Pelham,First Lord of the Treasury 1743 - 1754, GeorgeGrenville, Lord of the Treasury, 1747 and laterbecoming Prime Minister 1763-1765 and HenryVane, 1st Earl of Darlington, c. 1705 to 1758,entirely manuscript document, torn in half as is usualand rejoined, fine to very fine.

£150-180

413£3 10s per cent War Loan, bearer bond for £100,London 1932, fascimile signature of N.K.Warren-Fisher as secretary to the Treasury, ornate border,brown and black, on Bank of England watermarkedpaper, with coupons, stamped CANCELLED, almostextremely fine and very rare

£80-100



www.spink.com

Canals

414Grand Junction Canal, certificates for one eighth,one quarter and one full share, 1808, 1808 and 1803,vignette of the company seal at top, black, all withsome water staining, fine to about very fine. (3)

£300-400 415Kennet and Avon Canal Navigation, share ticket,1808, no.9247, black, on thick paper, blue paper seal,good very fine and scarce.

£180-220


Page 72


Page 73

416Manchester Ship Canal Co., a specimen redeemableDebenture for £100, 1934, from the Bradbury,Wilkinson & Co. archive, large format piece withvignette of steamship at top, red with greenunderprint, blue specimen medallion at bottom,extremely fine.

£60-80

417Newry Navigation Company, certificate for £50share, 183(4), no.83, issued to the Earl of Kilarney,lovely vignette of boats on river with castle inbackground, black printing, on vellum, good very fine.

£200-250

Begun in 1731 and closed in the 1950’s. This companyformed in 1829 to acquire the canal which was laterpassed to the Newry port and Harbour Trust.

418North Walsham & Dilham Canal, one share of £50,18[13], no.30, attractive black printing on vellum, redpaper seal, very fine

£150-180

419North Walsham & Dilham Canal, one share of £50,18[25], no.210, attractive black printing, on vellum,red seal at left, very fine.

£120-150

420Somersetshire Coal Canal Company, Lock Fund,certificate for one share number 2340, 18[03], smallformat, black on thick paper, waxed seal, good veryfine.

£150-180

According to the text, only shareholders in the Kennet &Avon Canal were permitted to subscribe to thisundertaking.

421Thames and Severn Canal-Navigation, certificatefor one New Share, 18[09], no.1951, red printing, onvellum, together with a printed ‘Second Duplicate’transfer certificate for original shares, [1793], black,original signatures, the first with slight discolouration,good very fine, the second about very fine. (2)

£150-200

422Witham Navigation, certificate for 1 share, 18[49],no.1209, black printing, on vellum, a nice looking latedated example, tri-folded, very fine.

£100-120

Railways423A small group of English and Scottish Railwaycertificates, comprising Midland Railway Company,£10 4% preference share, 1878; Northern CountiesUnion Railway Company, one share, 1846; London,Midland and Scottish Railway Company, ordinarystock certficate, 19[32]; Great Northern RailwayCompany, £25 share, 1846, and, Ayr and MayboleJunction Railway Company, £10 shares, 18[57], thelast with small area of damage at extreme top edgeotherwise good very fine to extremely fine. (5)

£60-80

424A small collection of 34 different British and Irishregistered railway certificates, including CornwallRailway, £50 share, 1846; Forest of Dean CentralRailway Co., £10 share, 1864; Waterford andLimerick Railway Co., £50 share, 1845, trimmed andbottom corner cut off; Aylesbury & BuckinghamRailway Co., £25 share, 1867; South Wales &Northamptonshire Junction Railway, scrip for oneshare, 1853; Southern Railway Co., B debenturestock, 1991; Navan & Kingscourt Railway Co., £10share, 1871; London, Chatham & Dover Railway Co.,preferred share B, 1864 and Western JamaicaConnecting Railway from Old Harbour to Savannah-La-Mar & Montego bay, 10 shares, 1845, several ofthe remainder are unissued and several are cancelled,fine to extremely fine and well worth viewing. (34)

£300-400



www.spink.com

425Channel 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 onthe seabed, black and yellow, extremely fine.

£100-120

426Darlington and Barnard Castle Railway, £20 share,185[4], no.3327, black, good very fine to extremelyfine.

£50-60

427East London Railway Company, £20 share, 1865,no.53189, attractive black printing, red overprintFULLY PAID, very fine and scarce.

£60-80

A steam hauled service that was opened in 1869 initiallyfrom New Cross Gate station to Wapping crossing theThames using Brunel’s tunnel. Later extended toShoreditch. Became part of London Underground in1933 and subsequently the Overground network.

428- another similar but no.53188, tiny ink mark, veryfine and scarce.

£60-80

429- another similar but 3 examples, no’s 53160, 53159and 53190, very fine or nearly so. (3)

£120-150

430Eastern Counties Railway Co., Extensions fromCambridge to York and Tottenham to FarringdonStreet, 2 shares of £20, undated, circa 1840, no.1350,ornate border, pink and black, printed by Whiting,good very fine.

£60-80

431Girvan & Portpatrick Junction Railway Company,share certificate, 187[1], no.169, early steam trainwith passenger and goods wagons, black, greenunderprint, tiny piece missing from bottom left corner,very fine.

£120-150

432Great North of England Railway Co., £100 share,18[36], no.665, chain at left with names of townsthrough which the railway passed on each link, black,embossed seal, good very fine.

£120-150


Page 74


Page 75

433Lancashire Derbyshire & East Coast Railway Co.,£10 ordinary shares, 1894, no.1025, lovely vignette ofsteam locomotive at top left, black, pink underprint,printed by Waterlow & Sons, stamped CANCELLED onface, endorsement on reverse shows through to frontotherwise very fine.

£150-180

434Leeds and Thirsk Railway Company, £50 share,1845, no.15430, black printing on vellum, small filinghole at top left, good very fine and scarce.

£80-100

435London & Croydon Railway Co., a scrip certificatefor New Shares, London 1845, no.262, yellow-greenprint, handsigned by two directors and the secretary,tiny edge tear at top, very fine.

£150-180

436London and South Western Railway, an extremelyinteresting pair of scrip certificates for one share of£50, 1847, one, no.1370 apparently a genuine issueon Smith & Ebbs watermarked paper, red printing,signed by the directors but not the treasurer, inkcancelled on face, the other, no.1507, with identicalprinting, signed by two directors and the treasurer butstamped FORGED in several places, and the paperappears to have had the ‘watermark’ added afterwards,very fine. (2)

£100-120

These are an excellent illustration of the problems createdby the issue of ‘bearer’ scrip such as these. The forgedcertificates could be traded and money passed beforeanyone became aware of the fraud. Bearer issues such asthese were soon discontinued.

437London Chatham & Dover Railway Company,City Lines Shares, pair of certificates for £10 deferredshare ‘A’ and £10 deferred share ‘B’, both 1864, bothissued to Sir Samuel Morton Peto, black with redand blue overprints respectively, printed by Waterlow& Sons, good very fine and better. (2)

£50-60

Sir Samuel Morton Peto was a partner in the famousengineering firm of Peto & Betts which failed in thewake of the Overend Gurney banking crash of 1866.

438Newcastle & Berwick Railway Company, £25 share,[1845], no.28,168, attractive coat of arms inscrollwork at left, black, stamped CANCELLED twice onface, good very fine.

£50-60

439Northern Counties Union Railway Co., a group of10 certificates each for one share, 1846, scrollwork atleft, black, very fine to extremely fine. (10)

£80-100

440South Durham and Lancashire Union Railway,£25 share, 1857, no.8807, black, extremely fine.

£50-60

441Stockton & Darlington Railway Company, anunissued debenture, circa 1860, large format pieceplainly printed in black but with attractive couponsheet in blue and black, no denomination inserted,good very fine and scarce.

£80-100

442Tees Valley Railway Company, £25 share, 1866,no.1224, black on yellow paper, together with £6preference share, 1875, no.321, black on grey paper,both issued to the North Eastern Railway Co., the firstwith small paper thin and chip from top margin, aboutextremely fine and extremely fine. (2)

£80-100

443Ulster Railway Company, £50 share, 18[36],no.266, black printing, on vellum, red paper seal,slight discolouration as is usual, extremely fine.

£150-180



www.spink.com

444Underground Electric Railways Co., a specimenPower House debenture for £1000 from theBradbury, Wilkinson & Co. archive, 190-, attractivevignette of snarling tiger in centre, ornate border, redand black, with counterfoil, overprinted SPECIMEN atbottom, good very fine.

£150-200

445West Cornwall Railway Company, £20 share,184[6], no.6080, small coat of arms in centre, black,red paper seal, about extremely fine.

£60-80

446York and North Midland Railway, Scarboroughextension, one share of £5, £2 10s deposit paid, York1844, signed by George Hudson as Chairman,small format, scrollwork at left, black, about very fineand a rare signature of the ‘Railway King.’

£150-200

Tramways and Cabs

447Douglas Head Marine Drive Ltd., £1 fully paidordinary shares, 19[29], no.770, vignettes of Isle ofMan and tram route, black; together with £1 fully paidpreference shares, 19[29], red good very fine. (2)

£60-80

Electric tramway running from Douglas Head to PortSoderick. Opened in 1896 and operated until 1939.

448Electric Tramcar Syndicate Ltd., £10 ordinaryshares and £10 preference shares, 189[1] and 18[91],black on green and black respectively, very fine. (2)

£50-60

Company operated Jarman electric cars for LondonTramways Co.

449Gas Traction Company Ltd., £1 shares, 189[4],no.84, lovely piece with vignette of tramcar, Britanniain scrollwork at left, blue, printed by Waterlow &Sons, good very fine.

£80-100


Page 76


Page 77

450- another similar but no.85, good very fine.

£80-100

451- another similar but no.78, good very fine.

£80-100

452- another similar lot but 6 examples, 5 are good veryfine, one only about very fine with surface dirt. (6)

£300-400

453Gas Traction Co. Ltd., a group of 39 5% debenturesfor £100, 189[4], large format pieces with ornateborder, blue, printed by Waterlow & Sons, a littlesurface dirt but generally very fine and better. (39)

£300-400

454London General Cab Company Ltd., £10 shares,187[7], no.1285, Maltese crosses at top, black, goodfine and a little dirty around the edges.

£50-60

Horse drawn cab company whose General Manager wasWilliam Elbert Dando a signatory on the certifcate.Comments posted by one his ancestors suggest he was aninteresting character: “William led a colourful lifewhich included travel, assault, bankruptcy, bad businesspractices and perhaps even corruption, a warrant for hisarrest, an unsuccessful divorce petition, kidnap andbigamy. He might have been a flamboyant character,well equipped to carry off his shady business dealings but,the fact he and his family felt the need to adopt an aliasat one stage, shows just how close he must have sailed tothe wind.”

Shipping Companies455A small collection of larger shipping companies,comprising; Elder Dempster & Co. Ltd., 1914, green& 1928, red; Lamport & Holt Ltd., 1917 and 1927,different capital; Royal Mail Steam Packet Co., 7different types, 1912 to 1929; Anglo-EuropeanSteamship Co. Ltd., ordinary and preference shares,both 1920; Western Counties Shipping Co. Ltd.,1920, two examples with different capital, and, GouldSteamships & Industrials Ltd., 1920, a few withvignettes, generally very fine and a useful lot. (16)

£150-200

456A collection of different shipping companies,comprising; Rock Ferry Co. Ltd., 1885; GreatYarmouth Steam Trawling & Carrying Co. Ltd.,1873; Boston Deep Sea Fishing and Ice Co. Ltd.,1887; Elder Dempster & Co. Ltd.(2); Lamport &Holt Ltd., (2); Royal Mail Steam Packet Co., 5different types; Western Counties Shipping Co. Ltd.(3); Gould Steamships & Industrials Ltd., and, others(14), mixed condition but those mentioned are generallyvery fine. (30)

£200-300

457An accumulation of British shipping certificates,with some duplication, including; Elder Dempster &Co. Ltd. (2); Lamport & Holt Ltd. (3); Royal MailSteam Packet Co. (9, 3 types); Anglo EuropeanSteamship Co. (12, 2 types); Western CountiesShipping Co. Ltd. (18, 2 types); Gould Steamships &Industrials Ltd. (6), and, others (6), mixed conditionbut many are very fine. (56)

£250-350

458Shipbuilding: An accumulation of certificatesincluding; Thames Iron Works Ship Building,Engineering & Dry Dock Co. Ltd., 1864; TydvilEngineering & Ship Repairing Co. Ltd., 1922;Eltringhams Ltd., 1920, facsimile signature ofClarence Hatry, shipping vignettes (4, 2 types);Irvine’s Ship Building and Dry-Docks Co. Ltd., 1920& 1923, facsimile signatures of Clarence Hatry;Ropner Shipbuilding & Repairing Co. (Stockton)Ltd., 1923 (2 types); Northumberland ShipbuildingCo. Ltd., 1920 (10, 2 types), and, PalmersShipbuilding and Iron Co. Ltd., 1927-1934 (8, 4types), mixed condition, fine to very fine. (28)

£150-200

459British Submarine Boat Company Ltd., £1 shares,190[5], no.99, issued to General Nathaniel Stevenson(Lieutenant Governor of Guernsey), ornate borders,blue, heavy creasing otherwise about very fine

£60-80



www.spink.com

460Cunard Steam Ship Co. Ltd., mortgage debenturestock certificate, 190[10], no.1559, vignette of 4funnel steamer, blue, good very fine.

£120-150

461Elder Dempster and Co. Ltd., 6% preference shares,a group of 14 certificates dated between 1920 and1932, all the same type with share capital £15,435,000, steamship in centre, green with pinkunderprint, mixed condition but most are very fine orthere about. (14)

£150-200

462Greenwich Ferry Company Ltd., £100 mortgagedebentures (2), 188[7], no’s 199 and 200, largeformat with attached note “court ordered sale of Co.’sproperty by auction”, black with red embossedrevenue stamp, about very fine. (2)

£50-60

463Leith, Hull and Hamburg Steam Packet Company,a specimen certificate for £100 shares, 18- (printer’sannotation for 1880), from the Bradbury, Wilkinson& Co. archives, scrollwork at left, black, withcounterfoil, slightly grubby surface, good very fine.

£80-100

464Llanelly Iron Shipping Company Ltd., £3 15sshares, fully paid, 188[0], nos. 186 and 460,scrollwork on left, black, printed by Waterlow, Bros &Layton, good fine. (2)

£50-60

465New South Western Steam Navigation Co., £10share, 18[47], no.5270, scrollwork at left, black onbuff paper, perforated CANCELLED, extremely fine.

£80-100

466Thames Steam Ferry Company Ltd., £10 shares,18[76], no.13, lovely vignette of ferry at Thamesstation, brown and black, embossed seal depictingbusy riverboat scene, brown, printed by Waterlow &Sons, slightly uneven left edge but extremely fine.

£120-150

467Town Line (London) Ltd., 4 different ordinary sharecertificates comprising; 1918, green, with red flag inscrollwork at left; 1920, green, no flag, both capital£250,000; 1920, blue, and 1921, green, both capital£1 million, very fine or better, the first scarce. (4)

£60-80

468- another similar lot of 4 examples, generally very fine,the first scarce. (4)

£60-80

469White Star Line Ltd., three different preference sharecertificates comprising 1927, capital £9 million, 1928,similar but with variation in the text layout, and 1930,capital £11 million, all with scrollwork at left withcompany flag, red, about very fine to good very fine. (3)

£60-80


Page 78


Page 79

470White Star Line Ltd., a group of preference sharecertificates (17), capital £9 million, 1927 (12), 1928,second type (2), and £11 million, 1931, 1932 and1935, all with company flag in scrollwork at left, red,mixed condition but mostly fine to about very fine. (17)

£200-300

471Woolwich Steam Packet Co., an attractive copperprinting plate, circa 1880, for £5 shares, vignette ofthe paddle steamer ‘Ariel’, 305mm x 202mm, someminor verdigris but in good undamaged condition.

£60-80

Aviation472Aircraft Disposal Company Ltd., 2 shillingpreference shares, 192[4], no.52, and 1 shillingordinary shares, 192[5], no.199, both with ornateborder, green and black respectively; together withanother certificate for 1 shilling ordinary share,19[24], using a Jordan & Sons stock form, all threehave the name of the company amended toA.D.C.Aircraft Ltd., about very fine. (3)

£100-120

Formed in 1920 to acquire surplus aircraft and sparesbelonging to the then declining RAF. Main store atWaddon aerodrome, Croydon, Surrey. Modificationswere made to various machines and in 1926 severalADC 1’s were sold to Latvia. Liquidated in1930.

473Hillman’s Airways Ltd., 5 shilling shares, 19[35],no.1566, issued to Squadron Leader GeorgeDermot Daly (subsequently Air Chief Marshal),decorative border, brown, good very fine.

£80-100

Company originally formed in 1931 by Edward HenryHillman. Airline began a scheduled service betweenRomford and Clacton using de Havilland Dragons andFox Moths. The fare was £1 return. Later set up a serviceto Paris and gained contracts to fly mail betweenLondon, Liverpool, Glasgow and Belfast. Merged withother airlines in 1935 to form British Airways.

474Whitehead Aircraft (1917) Ltd., £1 ordinary shares,19[18], no.911, signed by James Whitehead andDigby Whitehead as directors, vignette of airfieldflanked by small bi-planes, underprint of bi-planebelow, green and black. good very fine., Founded byJohn Whitehead in 1915 but reorganized in 1917 onbeing given a contract to build Sopwith and Farmansunder licence. Liquidated in 1919 on cessation of warcontracts.

£120-150

Motor Cars and Cycles

475Argyll Motors Ltd., £1 ordinary shares, 19[06],no.3076, vignette of motor car in scrollwork at left,red, very fine.

£60-80

Motor car manufacturer based in Glasgow, commencingwith a small de Dion type voiturette. By 1904 thecompany were Scotland’s leading manufacturer and alarge new factory was built at Alexandria, nearGlasgow. Despite being the 5th largest producer in GreatBritain it failed from lack of funds in 1914.



www.spink.com

476Beeston Cycle Company Ltd., a pair of certificatesfor £1 ordinary shares, fully paid, 189[8], no.909 and£1 preference shares of £1, fully paid, 189[8], no. 908,both issued to the same shareholder, stylized wheelwithin scrollwork at left, black and blue respectively,about very fine. (2)

£80-100

See historical note in lot 477.

477Beeston Motor Co., Ltd., a pair of certificates for £1ordinary shares, fully paid, and 5% preference sharesboth dated 189[8], and numbered 908, both issued tothe same shareholder, stylized wheel within scrollworkat left, brown and green respectively, about very fine.

£80-100

The Beeston companies, Beeston Motor, Beeston Tyre andBeeston Cycle, formed part of the Harry Lawson Group.These companies operated from the Quinton Works inParkside, Coventry, until the group was either wound upor reorganized at the turn of the 20th century. DuringWorld War I, the factory produced munitions for thewar effort and engines for Hispano-Suiza and Renaultaircraft. The Swift Motor Company took over thepremises which is now the Ibis Hotel.

478British Motor Syndicate Ltd., £1 shares, 189- (datenot completed in error), no.2636, double headedeagle at left, black, uneven left edge where removed fromcounterfoil but otherwise good very fine and rare.

£150-200

This was Harry J Lawson’s first attempt at monopolisingthe motor car industry by acquiring the Daimler patents(hence the double headed eagle vignette) and chargingother companies for their use.

479Curtis Automobile Co. Ltd., £1 shares, overprinted10 shillings, 19[20], no.61, signed by T H Curtis,blue, good fine but file holes on left.

£50-60

Company had the concession for French made Voisinlight cars and was agent for Lancia

480Leyland Motors Ltd., 7.5% cumulative preferenceshares of £1, 19[38], no.9727, vignette of lorry topcentre, scrollwork on left, brown, good very fine andscarce.

£50-60


Page 80


Page 81

481New Cycle Company Ltd., 2 certificates for £1shares, 189[6], vignette of bicycle at top andscrollwork to left, issued to Percy Scawen Wyndham,MP for Cumberland West, overstamped “First andfinal distribution of surplus assets 1898”, dark blue,very fine and fine. (2)

£50-60

482Straker-Squire Ltd., a group of certificatescomprising £1 shares, fully paid, 19[17], no.427,capital £175,000, ornate border, brown; £1 shares,fully paid, 19[19], no.4081, capital £500,000, ornateborder, blue; First Mortgage debenture stock, 19[26],no.900, black, green underprint, and, SecondMortgage debenture stock, 19[21], no.1317, black,pink underprint, about very fine to extremely fine. (4)

£60-80

483Swift of Coventry Ltd., £1 preference shares,19[28], no.46, brown, good very fine;, together withSwift Cycle Company Ltd., 2 x £100 debentures,1902, large format, black, good very fine. (3)

£60-80

Piers, Docks and Harbours484Dry Docks Corporation of London Ltd., partiallypaid £10 preference shares, 188[6], scrollwork at left,black, “Six per cent Preference Shares” at top in red,large red paper seal bottom left, one missing, aboutvery fine. (5)

£100-120Issued to Hon. James Burke Roche, the great-grandfather of Diana Princess of Wales.

485London Dry Docks Copany Ltd., small group of£10 ordinary shares (2) and £10 preference shares (2),dated 188[5], issued to James Burke Roche, black, 3with red paper embossed seal and one with justembossed seal, fine to very fine. (4)

£80-100

Banks, Insurance and Finance Companies486C. de Murietta & Co. Ltd., a set of three 5%debentures for £100, £500 and £1000, 1891, the firstsigned by A. de Murietta, the second by C. deMurietta and the last by both C. de Murietta andJ. de Murietta, large format with ornate borders,black with blue, green and red underprintsrespectively, printed by Bradbury, Wilkinson & Co.,with coupons, about extremely fine. (3)

£80-100The Muriettas were wealthy Spanish and LatinAmerican merchants who became embroiled in theArgentine debt crisis in 1890-2 which brought down thehouse of Baring. Barings were saved but Muriettas failedshortly afterwards.

487C. de Murrieta & Co. Ltd., a set of 3 specimendebentures for £100, £500 and £1,000, 1891, fromthe Bradbury, Wilkinson & Co. archive, large format,ornate borders with blue, green and pink underprintsrespectively, with coupons, about extremely fine. (3)

£60-80

488Cox & Co., a batch of 13 ordinary share certificatesand 6 preference share certificates dated 19[11] -19[21], several signed and issued to Cox familymembers and other bankers such as Hammersley andHoare, ordinary shares red and preference sharesblack, some annotations but generally very fine. (19)

£100-150

Military bankers and issuing house, acquired by Lloydsin 1923.

489Credit Foncier of England Ltd., £50 debenture,May 1873, no.B2080; £100 debenture, November1873, no.C4666 and £50 debenture, 18[75],no.0042, the first two of similar design with scrollworkat left, black with denomination in underprint, the lastwith ornate border, blue and black, all with coupons,fine to very fine. (3)

£60-80

490Credit Foncier of England Ltd., a group of 4debentures for £100, November 1873, scrollwork atleft, black with red underprint of denomination,together with a £50 debenture, 18[75], large format,ornate border, blue, all with coupons, creased but fineto very fine. (5)

£80-100

491Liverpool Colquitt Street Tontine, one share,Liverpool 180[10], no.34, black printing, on vellum,ink endorsement, slightly discoloured, good very fine.

£60-80

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

492London & Provincial Carriage Insurance Co. Ltd.,a group of 10 certificates for £5 shares, 18[76],nos.880-889, printed heading amended by hand toinsert “Horse and” ahead of “Carriage” and increasedcapitalization, decorative border, black, the top piece alittle discoloured otherwise good extremely fine. (10)

£60-80

493London & Westminster Bank, a group of 5certificates for £100 shares, £20 paid, 186[2], largeheading, 186[4] and 186[9] and 18[79], smallerheading, (2 examples), black with blue or pinkunderprints, heavy folds and a couple with small tears,fine but rare early issues. (5)

£80-100



www.spink.com

494London & Westminster Bank Ltd., a group of 31certificates for £100 shares, £20 paid, 1883 to 1908,black printing with pink or pale pinkish greenunderprint, 4 varieties of printing noticed, generallyvery fine but many are better. (31)

£200-250

x495Overend, Gurney and Co. Ltd., £50 share, £15paid, 1865, no.65642, scrollwork at left, black,extremely fine; together with other certificates (24),including Prudential Assurance Co., 1870; QuincyMining Company of Michigan, 1864; City ofMontreal, 3% permanent debenture stock, 1924, andothers, mostly modern American, generally very fineand better. (25)

£60-80

496Royal Bank of Scotland, a rare transfer certificate for£1000 stock in the Bank at 205%, 1810, a printedform with manuscript insertions, black on thick paper,slightly grubby surface, about extremely fine.

£100-120

497Yorkshire Insurance Company Ltd., £2 10s shares,10s paid, 19[47], no.7563, vignette of York Minstertop centre and scrollwork at left, black, printed byWaterlow & Sons, good very fine.

£40-50

Mining and Quarrying498An accumulation of British mining certificates(29), mostly coal and iron but including 4 examples ofMount Wellington Ltd., 1937 (2 types), one of thelast tin mines to operate in Cornwall, also includingChapel House Colliery Co. Ltd., £1 debentures, 1876(3); Snowdown Colliery Ltd., 1909, small vignette ofheadgear; Albion Steam Coal Co. Ltd., 1912 and1914, the balance with some duplication, mixedcondition, mainly fine to very fine, a few better. (29)

£150-180

499Boscaswell Downs Tin & Copper MinesAssociation Ltd., £3 ordinary shares, 187[2-3],embossed seal and logo depicting Prince of Walesfeathers, 1d revenue stamp, black, creased, otherwisefine to very fine. (4)

£120-150

Mines located near Penzance, Cornwall.

500Castle-An-Dinas Tin Mining Company Ltd., St.Columb, Cornwall, £2 shares, 187[2], capital£10,000, together with £2 shares, 187[2] and 187[3],as previous but capital increased by hand to £15,000,and, £2 shares, 187[3], different printing and capitalnow £15,000, black, fine to very fine, the last twosomewhat toned. (6)

£150-200

501Cornwall Great United Mines, 10 shares of £12,undated but probably 1837, no’s.5631-5640, ornateborder, blue and black printing, on vellum, printed byWhiting, good very fine.

£100-120

502Crenver & Wheal Abraham United Mines Co.Ltd., a group of three certificates for £2 shares,187[1], black, embossed seals, fine to very fine andscarce. (3)

£100-150

503Governor and Company of Copper Miners inEngland, £25 preference share, 185[9], no. 485,large embossed seal, black and red, a little discolouredbut very fine.

£40-50

One of the oldest companies, incorporated by RoyalCharter in 1691.

504New Great Work Tin Mine Ltd., a group of 5certificates for £50 shares, 189[0], issued to CharlesPraed, MP for St Ives, black, good very fine, pin holestop left. (5)

£150-180

Company located 3 miles West of Helston, Cornwall.


Page 82


Page 83

505New Welsh Slate Company Ltd., £1 preferenceshares, 18[93] to 18[96] (6 examples), £1 ordinaryshares, 18[93] and preference shares (1895), 18[97](2 examples), all with scrollwork at left, blue, blackand red respectively, very fine. (9)

£80-100

506Old Trewether Consolidated Mining Company, agroup of 10 bearer certificates each for 5 shares of £1,185[4], black, generally extremely fine. (10)

£120-150

Company mined antimony, silver, lead, copper andmanganese near Endellion, North Cornwall. DavidCameron’s baby given Endellion as his third name tomark the fact that the Camerons’ were staying nearthere at the time of birth.

507- another similar lot, generally extremely fine. (10)

£120-150

508- another similar lot but 30 examples, generallyextremely fine. (30)

£350-450

509- another similar lot but 50 examples, generallyextremely fine. (50)

£500-600

510- another similar lot but 98 examples, generallyextremely fine but a handful with some damage. (98)

£800-1,000

511Phoenix Silver Lead Mining Company Ltd., agroup of 10 certificates for one £10 share, 1872, veryornately printed piece using many different fonts,black, purple paper seal at bottom right, aboutextremely fine. (10)

£150-200

512- another similar lot of 10, about extremly fine. (10)

£150-200

513- another similar lot of 10, about extremly fine. (10)

£150-200

514- another similar lot but 30 examples, one somewhatstained otherwise generally about extremly fine. (30)

£300-400

515Red Rock Lead Mining Company Ltd., £2 shares,18[79], scrollwork at left, black about very fine. (3examples)

£60-80

516South Staffordshire Mines DrainageCommissioners, a group of 20 certificates for £20“payable in respect of arrears of interest”, 1892,numbers 863 to 881 and 1545, engraved by Waterlow& Sons, decorative format with vignette of workingminer on left, turquoise and black, very fine toextremely fine. (20)

£80-100

517West Cork Mining Company, £50 share, [1836],no.1508, black printing, on vellum, very fine.

£60-80

Situated on the West Coast of Ireland. Company wasincorporated by Act of Parliament.



www.spink.com

518West Cork Mining Company, London, a group of10 certificates for one share of £50, [1835], black onthick paper. Company situated on South West coast ofIreland, incorporated by Act of Parliament, good veryfine and better. (10)

£200-250

519- a similar lot but 15 examples, about very fine, severalbetter. (15)

£250-300

520Whiston Collieries Co. Ltd., a group of 5%debentures for £100, 1896 (20), large format, black,good very fine. (20)

£100-120

521Ynisarwed Resolven Colliery Company Ltd., agroup of 20 certificates for one £25 share, partly paid,187[3], numbers 1497-1516, small circular vignetteof coal wagon, black, spike hole top left otherwiseextremely fine. (20)

£100-150

Welsh colliery eventually abandoned in 1875.

Gas And Water Companies522Belfast Gas Light Company, 10 certificates, each forone “old” share of £80, 18[55], attractive blue andblack printing, embossed pale blue paper sealdepicting lady under lamp post at bottom right, pinholes top left otherwise good very fine. (10)

£80-100

523East London Water Works, certificate for 1 share of£100, original issue, 1807, no.284, attractive blackprinting on vellum, red waxed seal, good very fine andclean.

£80-100

524East London Water Works, certificate for one shareof £100, additional capital, 1831, no.4057, attractiveblack printing on vellum, red waxed seal, good very fineand a very clean example.

£60-80

525East London Water Works, certificate for one NEWshare, 1810, no.3032, attractive black printing, onvellum, red waxed seal, together with a related transfercertificate, also on vellum, slightly discoloured vellumbut very fine. (2)

£80-100

526Pontypridd Gas Light and Coke Company, a groupof 10 certificates each for £10 share, dated 185[2],issued to Revd George Thomas, a local magistrate,circular vignette showing town’s famous bridge acrossthe Taff with the then largest span of any in Britain,black on blued paper, good very fine. (10)

£120-150


Page 84


Page 85

527- another similar lot, good very fine. (10)

£120-150

528- another similar lot but 30 examples, mostly good veryfine. (30)

£240-280

Telephone and Telegraph529Electric Telegraph Company of Ireland, 3certificates, each for 5 shares of £1, 185[2], black,together with Mediterranean Electric Telegraph (JohnBrett & Co.), 1 share of £10, London 185[4], blackand red, all nearly extremely fine. (4)

£100-120

530Telautograph Company Ltd., £1 ordinary shares,fully paid, 18[96], no.60, scrollwork at left, brown,very fine.

£50-60

The telautograph, an early ‘Fax’ machine fortransmitting handwriting by telegraph equipment wasinvented in the U.S.A. by Elisha Gray in 1888. Thiscompany was set up for exploiting the patents in theUnited Kingdom. The Telautograph Corporationcontinued for many years and many mergers beforebeing absorbed in Xerox in the 1990’s.

531Telephone Companies:A group of 3 specimen sharecertificates from the Bradbury, Wilkinson & Co.archive comprising; Lancashire & Cheshire Telephoneexchange Co. Ltd., £1 shares, 188-, blue; Nationaltelephone Co. Ltd., 41⁄2% debenture stock, 18-(annotation for 1888), green, and, Northern DistrictTelephone Co. Ltd., £5 shares, 188-, red, all withcounterfoils attached, the last with a single centre creaseotherwise all extremely fine or better. (3)

£80-100

Hotels and Breweries532Berners Hotel Ltd., a group of 6% debentures for£100, 1893 (43), black, 4 pages, generally extremelyfine. (43)

£150-200

Built on the site of Fauntleroy’s Bank in Berners Street,London, W1, which occupied one of the 5 classic housesconverted in 1892 into this 4 star Hotel.

533Braime’s Tadcaster Breweries Ltd., a pair ofcertificates for £10 preference shares, 18[99], no.66,and debenture stock, 1[899], no.140, both signed byBenjamin Braime as director, attractive printing,black with orange and green underprints respectively,red paper seals, good very fine. (2)

£80-100

534London Bridge Railways Terminus HotelCompany Ltd., a group of 10 certificates for oneshare of £5, 186[0], vignette of hotel, black, allextremely fine. (10)

£150-200

535- a similar lot, all extremely fine. (10)

£150-200

536- another similar lot but 66 examples, mostly very fineand better but some with minor tears on left followinguneven separation from stub. (66)

£500-600



www.spink.com

537Sandow’s Cocoa and Chocolate Co. Ltd., £1ordinary shares, 191[2], numbers 7 to 20, all signedby Eugen Sandow and issued to Sandow Ltd.,numbers 101 to 106, issued to Eugene Sandow andsigned by different directors, number 293, also issuedto Eugen Sandow and signed by A.W.Gamage asdirector; £1 preference shares, 191[2], numbers 2225and 2226, signed by A.W.Gamage as director, number2596, issued to Sandow Ltd., all brown, printed byWaterlow & Sons; Sandow Ltd., £100 debentures,189[9], numbers 12 to 38 and 45 to 50, all issued toEugen Sandow and signed by Warwick Brookes andWarwick Brookes Jnr. as directors, numbers 94 to 100,issued to Warwick Brookes and signed by EugenSandow and Warwick Brookes Jnr as directors, brown,mostly very fine and better and an interesting lot. (60)

£250-300

Sport and Recreation538Albert Exhibition Palace Ltd., a group of 6certificates for £5 shares, 188[3], embossed sealshowing Prince Albert and glass Palace, black;together with Albert Palace Association Ltd., twocertificates for £5 shares, one dated 18[84], the secondundated in error but fully issued, black, generally goodvery fine some folds. (8)

£120-150

539All England Lawn Tennis Ground Ltd., £50debenture, 19[48], no. 717, entitling the owner,Baroness Stafford, to attend the WimbledonChampionships until 1947, extended by endorsementto 1953 on reverse, blue, good very fine.

£60-80

540Beaconsfield Club, a small group of 10 x £100 bearerdebentures numbered 1-10, 1883, thin lined border,large format, black, with coupons, good very fine toextremely fine (10)

£60-80

Located in Pall Mall, London, the Beaconsfield Club wasestablished in 1880 and disbanded in 1887. Namedafter Benjamin Disraeli, 1st Earl of Beaconsfield, it wasformally linked to the Conservative Party

541- a similar lot but 55 examples, mostly very fine to aboutextremely fine. (55)

£150-200

542Brixton Stadium Ltd., £1 preferred ordinary shares,19[32], no.40, vignette of racing greyhound at top,decorative borders, blue, about very fine.

£40-50

543Guards Boat Club Ltd., a large group of 165debentures for £10, 1930, large format, ornateborder, 4 pages, blue and black, a handful aredamaged, otherwise generally very fine to extremely fine.(165)

£300-400

The club, organised by the Brigade of Guards wasestablished at Maidenhead in 1865. In financialdifficulties following the stock market crash of 1929 andraised funds by these debentures to extend membership toladies and to improve the facilities. The Club continueduntil 1965 when it was closed and the property sold todevelopers.

544James Lillywhite, Frowd & Co. Ltd., a series of 34debentures for £50 each, 1916, of only 60 issued,large format, ornate border, black, 4 pages, good veryfine. (34)

£80-100


Page 86


Page 87

545Royal Aquarium & Summer & Winter GardenSociety Ltd., £5 6% preference shares, 187[8], no.54,issued to Lord Alfred Paget, attractive crest top centreand scrollwork at left, black on grey paper, extremelyfine.

£80-100

An entertainment complex like a smaller scale CrystalPalace, presenting (in addition to its aquariumattraction) a wide range of entertainments, includingvariety, orchestral concerts, dance companies, circus-styleacts, the firing of a woman from a cannon, theexhibition of the first gorilla seen in England and so-on.It opened in January 1876 and with some alteration, theoriginal theatre remained in use until it was taken overby Lillie Langtry in 1900. The site of the RoyalAquarium is now occupied by Westminster Central(Methodist) Hall.

546Sunderland 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.

£600-800

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

547Tattersall’s (of Chicago) Ltd., pair of certificates for£5 founders shares and £5 ordinary shares, 189[1],numbers 21 and 179, horses head at top centre,scrollwork at left, red and green respectively, the firstwith ink stain at bottom edge, about very fine. (2)

£120-150

548Tattersalls (of Chicago) Ltd., £5 ordinary shares,189[1], no.171, together with Tattersalls (of NewYork) Ltd., £5 ordinary shares, 189[3], no.163, bothwith horses head at top centre, scrollwork at left, greenand black respectively, heavy fold, about very fne. (2)

£120-150



www.spink.com

549Tattersalls (of Chicago) Ltd., £5 ordinary shares,189[1], no.159, horses head at top centre, scrollworkat left, green, heavy fold, about very fine.

£60-80

550Tattersalls (of New York) Ltd., £5 ordinary shares,189[2], no.142, horses head at top centre, scrollworkat left, black, very fine.

£60-80

551Theatre Royal, Drury Lane, New Renters share,1821, numbered 254, certifying that Mr. John Griffithis entitled to one shilling and three pence for everynight that a public performance occurs in the theatrefor 75 years and entitling him entry to all publicperfomances, showing payments for the full 75 yearsuntil 1895, signed by John Griffith and three laterowners, large format vellum, black printing and redpaper seal, handwritten payments on reverse, somepinholes and discolouration, split at folds, overall veryfine and rare.

£200-300

Printing and Publishing552Bradbury, Wilkinson & Co. Ltd., a specimencertificate for £100 shares, 189-, from the Bradbury,Wilkinson & Co. archives, ornate border, black, withcounterfoil, crease at right otherwise about extremelyfine.

£50-60

553“Church Review” Newspaper Company Ltd., £1deferred ordinary shares and £1 preferred ordinaryshares, both dated 1[900], numbers 3 and 12,decorative borders, blue and red respectively, printedby Waterlow, Bros & Layton, good very fine. (2)

£40-50

554Daily Sketch and Sunday Graphic Ltd., £25mortgage debenture stock, 19[33], ornate border,black, together with Cambridge Gazette Co. Ltd., £1shares, 18[99], no.4, black, and EmbankmentPublishing Co. Ltd., £5 shares, 189[3], black, very fineand better. (3)

£50-60

555Hansard Publishing Union Ltd., a group of 4different certificates comprising £10 ordinary sharesand £10 preference shares, both 18[89], capital£375,000, and £10 ordinary shares and £10preference shares, both 189[0]. capital £1,000,000,both ordinary shares are signed by C. Kegan Paul,ordinary certificates are black on white, the preferencecertificates are black on blue paper and bluerespectively, all very fine or better. (4)

£80-100

556Twentieth Century Press (1912) Ltd., a group of5% debentures for £5, 1915, black, 4 pages, extremelyfine. (58)

£150-200

The company was the publishing arm of the SocialDemocratic Federation and also published Lenin’s paper‘ISKRA’ at their offices in Clerkenwell Green, London.Lenin shared the offices for some time during his regularvisits to London prior to the First World War. Thebuilding is now the Marx Memorial Library.


Page 88


Page 89

Commercial and Industrial557A small collection of Welsh certificates (26),including Minera Ragman mining Co. Ltd., 1863;Llangynog United Mining Co. Ltd., 1857; SnowBrook Silver Lead Mining Co. Ltd., 1877; Tal y drwsSlate Co. Ltd., 1868; Lampeter, Llandyssil, Tregaronand Aberayron Gas Co., 1868; Swansea Dock Co.Ltd., 1847; Albion Steam Coal Co. Ltd., 1901 and1914, and, Hafna Mining & Smelting Co. Ltd., 1893,many very fine and better and a useful lot. (26)

£150-200

558An accumulation of British certificates (139),including Glasgow Botanic Institution, 1872;Aqueous Works and Diamond Rock-Boring Co. Ltd.,1892; British Public House Co. Ltd., 1877; GeneralApothecaries’ Co. Ltd., 1894; London Clinic &Nursing Home Ltd., 1929; Somerset Hotel Co. Ltd.,debenture, 1890, vignette of Hotel at top; Middleton& Tonge Cotton Mill Co. Ltd., 1875, large vignetteof mill; Swansea Dock Co., 1847, only good fine;others including many 19th century (96), post WWII(31) including unissued and option certificates, mixedcondition but many very fine and some extremely fine.(139)

£300-400

559A very attractive apprenticeship indenture, dated1759, between, Joshua Walker, a surgeon, and JohnStansfield of Halifax, a printed document withmanuscript insertions, large vignette of Britanniawithin scrollwork at top left, black, signed and sealedby the 2 parties plus 3 witnesses, duty stamp at top,very fine and rare; together with other miscellaneousdocuments including broadsides, insurance policies,Bill’s of sale for ships, cheques, a passport, vellumindentures etc., mixed condition but many very fineand well worth inspection. (lot)

£150-200

560Asphaltic Wood Pavement Co. Ltd., a group of 20certificates for £1 shares, 187[6], ornate border,green, extremely fine. (20)

£80-100

561Blaenavon Iron and Steel Co. Ltd., a group of 157certificates for one share of £50, 1870, embossed seal,black, red overprint, good very fine to extremely fine.(157)

£400-500

The company was one of only six south Wales ironworksthat successfully made the change to steel production.Employed c.5,000 by 1878 but failed due to increasingcompetition.

562British Aluminium Co. Ltd., a pair of specimensfrom the Bradbury, Wilkinson & Co. archive, £100Prior Lien debenture, 19- (annotation for 1910), and£100 Prior Lien debenture, 19- (1925), vignette ofKinlochleven works at top, American style, ornateborders, green and black and blue with pinkunderprint, without coupons, the second withcoupons and with red Bradbury specimen seal,extremely fine. (2), Built between 1905-9, theKinlochleven Aluminium works was the second smelterto be built by the company and included a hydro-electricpower station, the largest of its kind at that time. Theworks closed in 2000.

£120-150

563British Munitions Company Ltd., a group of 8certificates for £3 shares, 18[91], ornate border withscrollwork at left, embossed seal, brown, printed byWaterlow & Sons, good very fine. (8)

£100-150

564Brooks-Watson Daylight Camera Co. Ltd., a groupof 26 debentures for £100, 1903/4, large format,black, red embossed duty stamp, generally extremelyfine and an interesting subject. (26)

£100-150

565Cambridge Cemetery Co., £10 share, 1843, no.73,issued to Ebenezer Foster and signed by two othermembers of the Foster family as directors, black;together with Birmingham Church of EnglandCemetery Co., £10 share, 1848, black, red seal; Hull,Barnsley & West Riding Junction Railway & DockCo., consolidated stock, 188[5], black, pinkunderprint, stamped CANCELLED; Union MarineInsurance Co. Ltd., £20 shares, 188[0] (2 examples);Jewish Colonial Trust Ltd., £1 ordinary shares,19[51], vignettes in each corner, scarce late design,and, a list of quoted securities on the London StockExchange, 1939, issued by Paul E. Schweder & Co.,hard bound, generally very fine or better. (7)

£100-120

566Continental Sparklets Co. Ltd., £1 ordinary shares,18[98], no.91, large format piece with soda syphon incentre and small gas ‘bulbs’ at top left and right, redwith pale blue underprint, printed by Waterlow &Sons, a couple of small edge tears at top and bottom,about very fine.

£60-80

567Evans’s Covent Garden Ltd., a group of 4 sharecertificates for shares of £5 each, three dated 18[71]and one dated 18[72], the last with affixed revenuestamp, black, good very fine. (4)

£60-80



www.spink.com

568Evans’s (Covent Garden) Ltd., a group of 25 121⁄2%debentures for £10 each, 1971, numbers 1 to 25, partof an issue of £4,000, scrollwork at left, black, withcoupons, the first and last a little grubby, the rest veryfine or better. (25)

£120-150

569Evans’s (Covent Garden) Ltd., a group of 100121⁄2% debentures for £10 each, 1871, part of an issueof £10,000, scrollwork at left, black, with coupons,secured by tags in top left corners in batches of 20,generally very fine, some better. (100)

£300-400

570Isle of Wight College Ltd., pair of certificates for£10 ordinary shares, no.1, and £10 preference shares,no.14, both 18[91], scrollwork at left, black and blackon blue paper respectively, printed by Waterlow &Sons, good very fine. (2)

£50-60

571Marine Smokeless Mechanical Stoker CompanyLtd., a quantity of £10 participating preferredordinary share certificates, 19[10], scrollwork on left,black, good very fine and better. (59)

£150-200

572Maxim Silencer Company Ltd., £1 shares, 19[09],no.31, embossed seal with crossed rifles, black on bluepaper, about very fine.

£60-80

573Metropolitan Meat Company Ltd., a group of 87certificates for one share of £10 each, 186[7], black ongreen paper, embossed seal, 2 certificates fine but mostextremely fine. (87)

£180-220

574New Schultze Gunpowder Company Ltd., £5preference shares 189[8], no.463, dark blue, togetherwith Schultze Gunpowder Co. Ltd., £3 6s 8ddeferred shares, [1905], no.2, orange-brown andblack, both with vignette of hand holding lighteningforks, printed by Waterlow, Bros & Layton, about veryfine. (2)

£60-80

575Normal Powder & Ammunition Company Ltd., £1ordinary shares, 18[98], no.450, fine vignette ofmilitary cannon and hunters, black, good very fine.

£100-120

576Northfleet & Swanscombe Brickfields Co. Ltd., agroup of 19 x 10% debentures for £10, 188[5], typicalplain format mostly of text, black, with coupons, redembossed revenue stamp, good very fine and better.(19)

£80-100

577Wine Agency Company Ltd., a group of 10certificates for £10 shares, 187[3], small format, paleblue, very fine to about extremely fine;, together with 3debentures, 186[7], 186[8] and 186[70], black andred, creased but fine to very fine. (13)

£80-100


Page 90


Page 91

LATIN AMERICAARGENTINA

578Santa Fé, 7% State Loan, 1874, a specimen £100bond from the Bradbury, Wilkinson & Co. archive,large format with ornate border, black, pinkunderprint, with coupons, small hole cancels oversignature area, extremely fine

£100-120

579Santa Fé, 7% State Loan, 1874, a specimen £200bond from the Bradbury, Wilkinson & Co. archive,large format with ornate border, black, greenunderprint, with coupons, small hole cancels oversignature area, extremely fine

£100-120

580Entre Rios Railways Company Ltd., ordinary stockcertificate, [1898], no.1816, vignette of train andcrests, repeated in embossed seal, decorative border,brown with yellow underprint, very fine.

£60-80

British-owned railway company that built and operateda standard gauge railway network in Entre Riosprovince between the rivers Uruguay and Parana inArgentina. When the company was nationalized in1948 it became part of the state-owned FerrocarrilGeneral Urquiza.



www.spink.com

BOLIVIA

581Bolivia Railway Company, a specimen FirstMortgage 5% bond for £100 or $486, 1907, from theABNCo. archives, seated allegorical female with steamtrain and goods on dockside, ornate border, slate blueand black, with coupons, numbered 00000 in red,almost extremely fine.

£80-100

BRAZIL

582Empire of Brazil, 5% Loan of 1886, a specimencertificate for £1000 from the Bradbury, Wilkinson &Co. archive, large format piece with Brazilian arms attop, ornate border, green and black with redunderprint, with coupons, extremely fine

£120-150


Page 92


Page 93

583United States of Brazil, Western of Minas RailroadCompany, 5% Guaranteed Loan of 1893, bond for£1000, a specimen certificate from the Bradbury,Wilkinson & Co. archive, large format piece withornate border, Brazilian arms at top, red and black,text in English and French, with coupons, nearlyextremely fine

£100-120

584United States of Brazil, 5% Treasury Bill, 4th March1915, a set of 3 specimen certificates for £10, £100and £1000, from the Bradbury, Wilkinson & Co.archive, scrollwork at left, green, blue and redrespectively, with counterfoils, annotation for 1916 attop, extremely fine. (3)

£80-100

585Municipality of Para (Belem), 1905 5% GoldLoan, bond for £20 or 500 francs, no.C12121, largeformat piece with coat of arms at top edge, black,green underprint, text in English and French, noendorsements, lacks coupons, fine to very fine andscarce.

£60-80

586Donna Thereza Christina Railway Company Ltd.,preference shares of £20 each, 2 dated 18[83] and partpaid, one dated 18[93] and fully paid, scrollwork onleft, black, fine to very fine but all with filing holes atleft. (3)

£60-80



www.spink.com

587Amazon Steam Navigation Co. Ltd., a specimencertificate for one £20 share, 18- (circa 1865), fromthe Bradbury, Wilkinson & Co. archives, lovelyvignette of a sail assisted paddlesteamer on the river,attractive foliage around vignette and at left, part ofthe Brazilian coat of arms also to the left, black, withcounterfoil, about extremely fine but with very lighttoning.

£100-120

588Brazil Trading Company, a group of certificates for1 share of 100 francs, Brussels 1916, no’s 13368 to13500 inclusive, still bound in book of issue, numbers13251 to 13367 removed, vignette in centre withsteam train, shipping scene and coat of arms, red andblack with green underprint, with coupons from no.6,Belgian revenue stamps, all but the top and bottompieces are about extremely fine. (133)

£500-600

589Minas de Ouro Saúde, S.A., a group of 16certificates for one share of 2000 cruzeiros, Salvador1949, robed female standing by globe with cornucopiaat her feet, ornate border, blue and black, aboutuncirculated. (16)

£80-120

Mines in Salvador, State of Bahia.

CHILE

590Chilian 41⁄2% Loan of 1886, bond for £100, aspecimen certificate from the Bradbury, Wilkinson &Co. archive, large format, coat of arms at top, black,green underprint ‘£100’, with coupons, extremely fine

£100-120

591Chilian 5% Loan of 1892, a specimen bond for £100from the Bradbury, Wilkinson & Co. archive, largeformat piece with Chilian arms at top, ornate border,black and green, with coupons, about extremely fine

£100-120


Page 94


Page 95

592Chilian 5% Loan, 1896, bond for £100, large formatpiece with ornate border, Chilian arms at top, greenand black, printed by Bradbury, Wilkinson & Co.,lacks coupons, fine to very fine and rare, loanredeemed.

£100-120

593Republic of Chile, 1921, 25-Year 8% Sinking FundGold Loan, set of 3 specimen bonds from theAmerican Bank Note Company archives, comprising$100, $500 and $1000, coat of arms at top flanked byallegorical figures, red, green and brown respectively,all numbered 00000 and overprinted SPECIMEN oversignature areas, with coupons, some slight age toningotherwise good very fine and rare. (3)

£150-200

594Compania de Salitres Y Ferrocarril de Agua Santa,group of 5 certificates for £10 shares, Valparaiso 18-[1904-08], scrollwork at left with star of Chile, brown,very fine, some pin holes. (5)

£80-100



www.spink.com

595Nitrate Railways Co. Ltd., a specimen first mortgagebond for £100, 1888, from the Bradbury, Wilkinson& Co. archive, large format piece with vignette ofsteam train passing dockside, black with pinkunderprint, numbered 0000, with coupons, good veryfine.

£100-120

COLOMBIA596Colombia. 1896, 11⁄2/3% Consolidated ExternalDebt, a specimen bond for £1000, from the Bradbury,Wilkinson & Co. archive, vignette of Colombian arms,ornate border, blue and black, numbered 00000, 2 small hole cancels, with coupons, extremely fine

£100-120

597Colombian Mining Association, £100 shares,18[28], partially paid, nos.5282-5286, ornate engineturned border, black, good very fine.

£150-200

CUBA

598Municipio de Cienfuegos, 5% Loan, 1906, aspecimen bond for $1000 from the American BankNote Co. archives, coat of arms at top, ornate border,green and black, numbered 00000 and overprintedSPECIMEN in red, with coupons, very fine

£80-100


Page 96


Page 97

599Consolidated Railroads of Cuba, a group ofcertificates for less than 100 shares preferred stock,1927-8 (4), 100 shares, preferred stock, 1926-28(11), speeding train with agricultural vignettes ateither side, text in English and Spanish. brown andgreen respectively, all hole cancelled; together withCuba Railroad Co., preferred stock, 1938 (3), 1959-60 (6), generally very fine to extremely fine. (24)

£100-150

600Cuba Northern Railways Co., First Mortgage 51⁄2%Gold Bond, 1927, $1000, no.M1786, steam engineand worker flanked by crane loading goods wagonsand agricultural scene, orange and black, printed byHamilton Bank Note Co., blue and red endorsementson face, with coupons, not cancelled, a couple of smalledge nicks otherwise good very fine and scarce

£120-150

601United Railways of the Havana and ReglaWarehouses Ltd., a fine set of specimen bearer stockcertificates for £10, £50, £100, £500 and £1000, all190- (annotations for 1906), from the Bradbury,Willkinson & Co. archive, small format, ornateborders, text in English and Spanish, orange, brown,blue, red and green respectively, with coupons,extremely fine. (5)

£100-150

602Royal Copper Mines of Cobre Association, 3different certificates for 1 share of £40 and 5 shares of£40 (2 types), undated but dividend stamps on thereverse from 1836, black printing on pink or yellowtinted vellum, fine but ink from the reverse has leachedinto the vellum and shows from the front. (3)

£150-200

The company was based in Cuba and funded by Britishcapital. The copper ore mines were worked by Welshindustrialists largely using slave labour from Africa.Cobre is close to Guantanamo Bay.

603The Company of Proprietors of the Royal CopperMines of Cobre Ltd, two certificates for one share of£50, and 5 certificates for 10 shares of £50, all 186[7],scrollwork at left with crown in centre, black on whitepaper and black on pink paper respectively, all with redpaper seal at bottom right, good very fine to extremelyfine. (7)

£60-80

DOMINICAN REPUBLIC

604Dominican Republic, 5% Customs AdministrationGold Loan, 1908, a specimen bond for $50 gold or£10.5.4. from the American Bank Note Companyarchives, large format, allegorical females flank statearms, green and black, text in English, Spanish andFrench, with coupons, overprinted SPECIMEN atbottom, about extremely fine.

£100-150



www.spink.com

ECUADOR605New External Consolidated Debt of Ecuador,certificates of claim against the Government ofEcuador by the Council of Foreign Bondholders,representing 17 months interest in respect of £40bonds (30), £100 bonds, (30) and £400 bonds (5), allwith scrollwork on left, red, blue and brownrespectively, some surface dirt on some examples butgenerally extremely fine. (65)

£120-150

HAITAI

606Republic of Haiti, Customs and General RevenuesExternal 30-Year Sinking Fund 6% Gold Loan, aspecimen bond for $1000, 1922, from the ABNCo.archives, allegorical females holding arms, green andblack, numbered 00000 in red and overprintedSPECIMEN at bottom, with coupons, slightly brittle atedges, very fine.

£120-150

MEXICO

607Mexican Empire, 6% Public Foreign Debt, 1864, apart set of bonds for £50, £100 and £200, signed inLondon by the agents Glyn Mills & Co., attractiveprinting, grey, pink and green respectively, coupons ateither side, very fine to about extremely fine and scarce.(3)

£400-500

608Mexican Empire, 6% Public Foreign Debt, 1864, agroup of bonds for £50 (11), £100 (2) and £200, allsigned in London by the agents Glyn Mills & Co.,attractive printing, grey, pink and green respectively,coupons at either side, the £200 stained with small edgetears, one of the £100 has an edge tear otherwisegenerally very fine and better. (14)

£1,000-1,200


Page 98


Page 99

609Republic of Mexico, Consolidated Exterior Debt, aspecimen bond for £100 or 2040 marks, series B, fromthe ABNCo. archives, [1888], large format piece withstate building at bottom centre flanked by miners atwork underground and farmer and plough, Mexicaneagle at top, black and brown, text in German, Spanishand English, numbered 0000 and overprintedSPECIMEN in red, some splitting at folds but about veryfine and rare.

£100-120

x610State of Jalisco, Ferrocarril Central Mexicano,Railroad subsidy bond for $1000 silver, 1900, no.540,steam train at top, text in Spanish and English, greenand black, with coupons, very fine.

£50-60

611City of H. del Parral, 6% loan, 1908, series C, aspecimen bond for 1000 pesos, from the AmericanBanknote Company archives, Father Hidalgo at topleft, mining scene top right, text in English andSpanish, red and black, with coupons, very fine andrare.

£100-120

612Institute for Encouragement of Irrigation Worksand Development of Agriculture, 41⁄2% 35-YearGold Bond, 2000 pesos/ $1000 US gold, no.M2308,large format, river scene at left, farmer and plough atright, text in English, Spanish, German and French,olive green and black, with coupons, very fine.

£60-80

613Gigante Mountain Tunnel & Railway Co. (AZ),certificates no’s 86 and 88 each for 50,000 shares,191[1], miners at work underground, green andblack, gold seal; together with some interestingpaperwork relating to the company and twoprospectuses of the Intercontinental RailwaySyndicate, which also held railway concessions inMexico, very fine. (5)

£100-150



www.spink.com

614Mexican Southern Railway, certificate for £125ordinary stock, 19[31], scrollwork to left, black,extremely fine;, together with Mexican Railway Co.Ltd., ‘A’ registered stock, 19[22] large format,scrollwork left, eagle in centre, black, fine, and,Interoceanic Railway of Mexico (Acapulco to VeraCruz) Ltd., first preference stock certificate, 19[34],red, grey underprint, very fine. (3)

£80-100

615Mexico North Western Railway Co, 5% 50-year firstmortgage bond, £100, 1909, 3 examples, numbersA15119, A15120 and A15123, steam train at top,ornate border, blue and black, printed by Waterlow &Sons Ltd., with coupons; together with certificates for10 shares (3), 1910, 1911 and 1930, all with vignetteof steam train, brown, very fine to extremely fine. (6)

£100-120

616Monterey Railway, Light and Power Co., twocertificates for variable quantity of $5 shares, [1910],numbers 600 and 601, together with nine certificatesfor 10 shares of $5, [1910], numbers G1401 to 1409,all with facsimile signature of William Mackenzieas President, turbine in centre with vignettes ofwaterfalls and electricity generating stations at eitherside, green and olive respectively, the first good veryfine, the rest about extremely fine. (11)

£100-120

617National Railways of Mexico, First Preferred Stock,10 shares, all 1909 (10 examples), together withSecond Preferred Stock Nominative, 10 shares, 1909(2 examples) and Less than 100 shares, 1909, MortonTrust (10 examples, and 1910, Guaranty Trust (2examples), all with Diaz in centre, text in English andSpanish, olive-green and green respectively, withcoupons, very fine or better. (24)

£80-100

618Ferrocarriles de Toluca a Tenango y San Juan, setof 3 certificates for 1, 10 and 20 shares of $100 pesos,1907, steam train at top, ornate border, blue, greenand brown respectively, with coupons, imprintedrevenue stamps, very fine and better. (3)

£150-200


Page 100


Page 101

619Banco Comercial de Chihuahua, $100 peso share,no. 3074, Chihuahua 1899, vignette of Mexican eagleat top, brown and black, with coupons, aboutextremely fine

£60-80

620Banco Comercial Refaccionario S.A., ‘bonofundador’ no. 962, Chihuahua 1905, vignette ofgentleman, green and blue, impressed duty stamp,with coupons, nearly extremely fine

£60-80

621Banco Comercial Refaccionario S.A., $100 pesoshare, no. 1113, Chihuahua 1905, vignette ofgentleman, brown and black, impressed duty stamp,with coupons, nearly extremely fine

£60-80

622Banco de Coahuila S.A., $100 peso share, no. 1216,Saltillo 1899, vignette of statue of early revolutionarysoldier, mauve and black, adhesive revenue stamp.with coupons, tiny edge tear otherwise about extremelyfine

£50-60

623Banco de Morelos S.A., 10 shares of $100 pesos, no.193, Cuernevaca 1903, vignette of allegorical femalesflanked by gentleman and eagle, brown and black,impressed duty stamp, with coupons, extremely fine

£60-80

624Banco de Queretaro, founders bond, 1907, aspecimen certificate from the American Bank Note Co.archives, vignette of steam train with viaduct inbackground, coat of arms and Mexican eagle at eitherside, blue and black, with coupons, numbered 00000,overprinted SPECIMEN in red, good very fine

£100-120



www.spink.com

625Banco de Tabasco S.A., ‘bono fundador’ no. 483,San Juan Bautista 1902, allegorical females at top,brown and black, impressed duty stamp, withcoupons, very fine to extremely fine

£60-80

626Banco de Zacatecas S.A., $100 peso shares, no.5992,Zacatecas 1891, vignette at top left of panoramic townview, black, impressed revenue stamp, about extremelyfine

£60-80

627Banco de Zacatecas S.A., certificate for 10 shares of$100 pesos , no.67, Zacatecas 1913, vignette at topleft of panoramic town view, green, impressed revenuestamp, with coupons, extremely fine

£60-80

628Banco Mercantil de Veracruz S.A., ‘bono fundador’,no. 1690, Veracruz 1899, attractive vignette of bankbuilding, brown and black, impressed duty stamp,with coupons, extremely fine

£60-80

629Cuyutlan Gold Mines Company, a group ofcertificates for $1 shares, 191[3], partially issued withsignatures but shareholder inserted, vignette ofNapoleon, black, one stained, others very fine toextremely fine. (14)

£100-150

Company incorporated in Maine but mines in Mexico.


Page 102


Page 103

630Las Nueve Minas de Santa Maria Gold & SilverMining Co., 100 shares of $25, New York 188[2],vignette of ‘Indian’ sitting on a rock, green and black,ABNCo., very fine.

£40-50

Mines in the State of Sonora.

631Mexican Cotton Estates of Tlahualilo Ltd., a groupof 203 debentures for £100, London 1903, largeformat pieces with Mexican eagle in centre surroundedby cotton plant, orange and black, with talon and onecoupon, printed by Waterlow, Bros. & Layton Ltd.,several endorsements on face, some with edge splits atfolds, generally very fine or thereabouts. (203)

£600-800

632Sonora (Mexico) Land and Timber Company Ltd.,a group of option certificates entitling the bearer to anallotment of up to 100 shares of £1 each, 19[12],scrollwork at left, red, about very fine to extremely fine.(50)

£60-80

NEW GRANADA633New Granada, Waste Land Certificate, a group ofcertificates for 160 hectares (1) and 320 hectares (3),1861, coat of arms at top, ornate borders, black, somelight foxing, generally very fine. (4)

£80-100

PARAGUAY634Paraguay Central Railway Co. Ltd., £10 ordinaryshares, 19[38], no.451, scrollwork on left, blue,printed by Bradbury, Wilkinson & Co., good very fine.

£40-50

PERU

635Lima Railways Co. Ltd., £20 shares, reduced byendorsement to £10, 187[2], no.839, vignette of parkscene (New Alameda, Lima), scrollwork on left withcoat of arms, brown, printed by Waterlow & Sons,about very fine.

£80-100

POYAIS636Poyaisian 3% Consolidated Stock, £250 bond,1827, no.183, handsigned by Gregor MacGregor,coat of arms at top, pink and black, with coupons, goodvery fine.

£60-80

URUGUAY637Central Uruguay Railway Company of MonteVideo Ltd., ordinary stock certificate, 19[37],scrollwork at left and ornate border, red, printed byWaterlow & Sons, good very fine.

£40-50

638La Providencia, Compañia Anónima de SegurosContra Incendios, unissued, probably a proof, sharefor 500 pesos, Montevideo 1864, very attractive piecewith vignette of fires being extinguished andallegorical figures, black on thick paper, unevenhandcut edges, some slight edge tears but otherwise veryfine

£50-60



www.spink.com

WEST INDIES - BARBADOS639Barbados Railway Company and The BarbadosRailway Co. Ltd., £5 preference shares, 18[80],no.A13, and 18[82], no.B11, with £5 ordinary shares,18[85], no.A220, black printing, the first two fine tovery fine, the last badly toned and fine. (3)

£80-100

With related letter and transfer certificate.

RUSSIA

Miscellaneous Lots640A collection of Russian Imperial State, City andRailway bonds (58), mostly French, German,English and Dutch issues, all different, mixed conditionbut many very fine and some better. (58)

£200-300

641A group of Russian State and Railway bonds(274), mostly French issues, 1914 and earlier, muchduplication but well worth inspection, most withcoupons, mixed condition but many very fine andbetter. (274)

£250-350

642An accumulation of Russian railway bonds,comprising Moskau-Kasan, 4%, 1901, 500 marks (14),1000 marks (48), 2000 marks (19); 41⁄2%, 1911, 1000marks (2); Moskau-Kiew-Woronesch, 41⁄2%, 1909,1000 marks, 41⁄2%, 1910, 1000 marks (5); Moskau-Windau-Rybinsk, 4% 1897, 500 marks (45), 1000marks (35), 2000 marks (14); Sud-Ost, 4%, 1897, 500marks (14), 1000 marks (9), 4%, 1898, 500 marks(22), 1000 marks (28), 2000 marks (5), 4%, 1901,1000 marks (48), 2000 marks (25); Rjasan-Uralsk,4%, 1898, 1000 marks (11), 2000 marks (5), othermiscellaneous coupons and talons, some edge tears butgenerally very fine or better. (350)

£800-1,000

State Loans

6431817/18 6% Perpetual Loan, bearer certificate for500 roubles, printed date 1867, double headed eagleat top, black, English on reverse, with coupons, smalltear at bottom edge, creased at top left corner, good veryfine and rare.

£80-100

6441916 51⁄2% War Loan, a group of 243 bonds, variousseries and various denominations of 1000 roubles andbelow, all with coupons, mostly very fine to extremelyfine. (243)

£250-300

645Imperial Russian Government, £500,000 TreasuryBill, 11th October 1915, no.10, issued by BaringBrothers & Co. Ltd., payable on 10th October 1916,scrollwork at left, brown, red impressed duty stamp,hole cancelled, good very fine and one of only 10 issued,5 of which are currently held by the Baring Archive.

£400-500


Page 104


Page 105

646Imerial Russian Government, £1000 Treasury Bill,22nd February 1916, no.5163, issued by BaringBrothers & Co. Ltd., payable on 21st February 1917,double headed eagle at left, black, red impressed dutystamp, hole cancelled, very fine to extremely fine.

£150-200

City Loans647City of Kieff, 5% XXII Loan, 1914, a group of 19bonds for £20, 6558 issued, ornate borders, greenand black, brown underprint, with coupons, generallyvery fine and better. (19)

£120-150

648City of Moscow, 1912 41⁄2% Loan, a group of bondscomprising £500, £100 and £20 (50 examples), the£500 and a handful of the £20’s with some edge splits,otherwise very fine to about extremely fine; togetherwith Alexandria Water Co., 5 bearer shares, 1958(34), miscellaneous bonds and shares from manycountries including Greece, Russia, Sweden,Roumania, Turkey and Poland (215), and somecoupons relating to the shares of the Egyptian DeltaLight Railways Ltd., mixed condition but many veryfine and better. (262+)

£300-400

649City of Nikolaef, 5% Loan, 1912, bond for £500,no.0041, of only 261 issued, ornate border, red andblack, with coupons, very fine.

£120-150

650- another similar bond for £500, no.0253, ink smudgein centre, very fine.

£120-150

651City of Saratoff, 5% Loan, 1909, a group of 10bonds for 2500 francs, ornate borders, mauve andblack, with coupons, 4 are good very fine, the rest havesmall edge tear at bottom right corner. (10)

£200-250

Railways652Grand Russian Railway, a group of certificatescomprising, 41⁄2% bond for 500 roubles, 1859, 2ndissue, red serial numbers; 4% bond for 125 roubles,1861, and, 3% bond for 125 roubles, 1881, all withsame ornate borders comprising numerous vignettesof railway and industrial scenes, underprint ofSt.George on horseback in centre, brown and black,black with green underprint and black with dark greenunderprint, all on green paper, all lacking coupons ortalons, generally very fine. (3)

£80-100



www.spink.com

653Russian South Eastern Railway, 41⁄2% Loan, 1914,scrip certificate for one bond of £20 issued by theAnglo-Russian Trust Ltd., ornate border, green, withremittance slips, good very fine and scarce.

£60-80

654Tambow-Saratow Railway, a group of bonds for£100 (13), blue and black, only 3952 issued, half arevery fine or better, the rest poor to fine; together with aquantity of Russian State loan and railway bonds(220), mixed condition but some very fine and a fewmuch better. (220)

£300-400

6551913 Troitzk Railway Company 41⁄2% Loan, bondfor £500, no.61118, together with a group of 20bonds for £100, blue, all with coupons, good very fineto about extremely fine. (21)

£180-220

6561913 Troitzk Railway Company 41⁄2% Loan, agroup of 5 bonds for £500, ornate borders, red andblack, with coupons, about extremely fine. (5)

£400-500

Foreign Companies in Russia657Emba Caspian Oil Company Ltd., a bearer warrantfor 25 ordinary shares of £1, 19[12], no.A278, signedby the Earl of Carrick, large format piece withstylised oil lamp at top, green and black, text inEnglish and French, 4 pages, about extremely fine.

£60-80

Owned property, through a Russian company, in theGurieff District. Charles Ernest Alfred French SomersetButler, 7th Earl of Carrick (1873-1931).

658New Central Siberia Ltd., a specimen £20debenture, 19- (circa 1915), printed by W.W.Spragueand Co., ornate border, olive-green and black, redoverprint SPECIMEN, light discolouration at right and afew creases, very fine to about extremely fine.

£80-100

659Russian Corporation Limited, a specimen bearerwarrant for 50 shares of £1, from the Bradbury,Wilkinson & Co. archive, undated but annotated 1914in top margin, very ornate border, blue and black, textin English and French, with coupons, numberedD0000, small hole cancels, extremely fine.

£80-100

660Russian Petroleum & Liquid Fuel Company Ltd.,a group of 4 different certificates, £1 ordinary shares,189[8], no.1020, black and £1 preference shares,189[00], no.2042, green, both with scrollwork at left;£1 ordinary shares, 19[01], no.7135, black and £1preference shares, 19[02], no.2693, green, details ofshareholding at left, all printed by Waterlow & Sons,fine to very fine. (4)

£120-150

661Schibaieff Petroleum Company Ltd., £5 preferenceshares, 189[8], no.12, red, about very fine.

£60-80


Page 106


Page 107

662St.Petersburg Land and Mortgage Co. Ltd., aspecimen bearer warrant for 100 ordinary shares of £1,from the Bradbury, Wilkinson & Co. archives, 19-,annotation for January 1914 in top margin, vignette ofPeter the Great on horseback, green and black, withcoupons, about extremely fine

£100-120

663St.Petersburg Land and Mortgage Co. Ltd., aspecimen bearer warrant for 20 ordinary shares of £1,from the Bradbury, Wilkinson & Co. archives, 19-,annotation for January 1914 in top margin, vignette ofPeter the Great on horseback, orange and black, withcoupons, about extremely fine

£80-100

664Standard Oil Company of Maikop (Schirvanski)Ltd., 5 shilling shares, fully paid, 19[10], no.73,ornate border, brown, good very fine.

£80-100

665Ural Railway Navigation and Mining CorporationLtd., £1 shares, 190[10], no.410, decorative border,dark blue, about very fine.

£60-80

666Ural Railway Navigation and Mining CorporationLtd., £1 ordinary shares, 190[11], no.479, decorativeborder, dark blue, about very fine. (2)

£60-80

667Compagnie Houillère Métallurgique &Industrielle de Lomovatka, pair of certificates for100 franc share and dividend share, Brussels 1899,striking art nouveau design, red with pale greenunderprint and blue with yellow underprint, withcoupons, the second has been trimmed at top and bottomedges otherwise very fine or better. (2)

£60-80

UNITED STATES OF AMERICA668A miscellaneous selection of certificates,comprising; New York, Soldiers Bounty Fund BondNo.2, 1864, Union officers talks to soldier, blue, redseal; South Gila Canal Co., first mortgage 5% goldbond, £100, 1892; American and British Timber andCotton Land Co., $1000 bond, 1851; ConfederateStates, $1000 bond, 1863, ‘Stonewall’ Jackson incentre; Butte Electric Railway Co., $100 shares, 1899,and, others (4), generally very fine. (9)

£100-150

669An accumulation of mining and oil certificates,including; Victor Gold Mining Co. Ltd., 10 shares,189[5], miners at rest, green, with coupons; Anglo-American Oil Co. of Beaumont, $1 shares, 1902,eagle; Butte Crude Petroleum Co., 10 cent shares,190[18], oilfield; Basin Gold and Copper Mining Co.(MT), $5 shares, 1[899], miners at workunderground; Eastern Oregon Gold Mining Co. Ltd.,£1 shares, 18[88], and, Northwestern DevelopmentCo, First Lien 50-Year bond, $100, 1909, minersunderground, some duplication, mixed condition butall those mentioned are very fine or better. (24)

£120-150

Confederate States670Act of August 19th 1861, 8% Loan due July 1st1869, a group of $100 bonds (6), vignette ofR.M.T.Hunter, black, with coupons (Ball 54), onewith small hole at top left and another with corner tearotherwise fine to very fine. (6)

£150-180

671Act of August 19th 1861, 8% Loan, due July 1st1866, $100 bonds (3) (Ball 39, only 594 issued),creased at left edge otherwise very fine, rare, one badlydamaged; together with other Confederate bonds(18), 1861 to 1864, many types included, generallycomplete with coupons (Ball 55, scarce, 57, rare butstained, 67, 111, 117, 119(2), 122, 125 (2), 165 (2 -one badly damaged), 192 (2 - one damaged), 221,304, 309 and 312), edge problems on the last 3 piecesbut generally fine to very fine unless stated. (21)

£500-600

672Act of August 19th 1861, 8% Loan due July 1st1876, a group of $100 bonds (7), S.R.Mallory incentre with allegorical females, black, with coupons(Ball 96), generally about very fine or better. (7)

£200-250



www.spink.com

673Act of February 20th 1863, 8% Loan, a group of 15bonds for $500, redeemable July 1868, vignette ofMemminger in centre, black, octagonal ‘loan’medallion (Ball 192), with coupons, generally veryfine. (15)

£400-500

674Act of February 20th 1863, 7% Loan, a group of$100 bonds (15), Confederate officer stands by tree,black on pink paper, with coupons (Ball 212), fine tovery fine and generally problem free. (15)

£400-500

675Confederate States, a group of 4 scrip certificates forbonds to the value of $10,000 (3) and $25,000 (1),issued by the National Safe Deposit Co. Ltd., inLondon, between 1883 and 1886, black, red oval dutystamp, fine to very fine; together with mortgage bondscrip for the Wabash Railroad Co., issued in 1889 (7),generally fine and very fine. (11)

£60-80

Bondholders eager to obtain repayment of Confederatebonds, in default since the surrender in 1865, submittedtheir bonds to the company to be held by a group oftrustees. The legal action of course failed. The depositedbonds found their way to Coutts Bank as successors to thecompany who honoured these deposit forms and returnedbonds to holders. Unclaimed bonds, some 75,000 in all,were sold by Sotheby’s in one lot in 1987.

State Loans

676Territory of Florida, Bank of Pensacola, 6% bondfor $1000, 1835, series E, no.65, plain black printingwith pink paper seal attached, with coupons and alsocertificate for obtaining interest in London, slightfoxing at top right, a couple of nicks in top edge, veryfine.

£150-200

677Territory of Florida, Bank of Pensacola, 6% bondfor $1000, 1835, series E, no.63, plain black printingwith pink paper seal attached, with coupons and alsocertificate for obtaining interest in London, very fine.

£150-200

678Territory of Florida, Bank of Pensacola, 6% bondfor $1000, 1835, series E, no.64, plain black printingwith pink paper seal attached, with coupons and alsocertificate for obtaining interest in London, somefoxing at top right, very fine.

£150-200

679Territory of Florida, Bank of Pensacola, 6% bondfor $1000, 1835, series E, no.62, plain black printingwith pink paper seal attached, with coupons and alsocertificate for obtaining interest in London, somefoxing, ragged top edge, dirty surface, fine.

£150-200

680State of Massachusetts Bay, 6% note, 1778,no.4080, border of symbols, black (Anderson MA6),fine to very fine.

£200-300


Page 108


Page 109

681State of Mississippi, 6% ‘Planters’ Bank’ Loan,1831, bond for $1000, series A, redeemable 1841,no.41, signed by the Governor, black, paper seal,with certificate for collection of interest in London, acouple of edge tears, top right corner missing, good fine.

£150-200

682State of Mississippi, 6% ‘Planters’ Bank’ Loan,1831, bond for $1000, series A, redeemable 1841,no.76, signed by the Governor, black, paper seal,with certificate for collection of interest in London, acouple of edge tears otherwise fine to very fine.

£180-220

683State of Mississippi, 6% ‘Planters’ Bank’ Loan,1831, bond for $1000, series B, redeemable 1846,no.157, signed by the Governor, black, paper seal,with certificate for collection of interest in London,very fine and scarce.

£200-250

684State of Mississippi, 6% ‘Planters’ Bank’ Loan,1833, bond for $1000, series E, redeemable 1861,no.807, signed by the Governor, attractive engineturned borders, black, with coupons, also with couponsheet for obtaining interest payments in London, veryfine.

£150-200

685State of Mississippi, 6% ‘Planters’ Bank’ Loan,1833, bond for $1000, series E, redeemable 1861,no.972, signed by the Governor, attractive engineturned borders, black, with coupons, also with couponsheet for obtaining interest payments in London, tearat bottom edge, coupons have been removed andreattached otherwise very fine.

£120-150

686State of Mississippi, 6% ‘Planters’ Bank’ Loan,1833, bond for $1000, series E, redeemable 1861,no.641, signed by the Governor, attractive engineturned borders, black, with coupons, also with couponsheet for obtaining interest payments in London, heavycentre fold, nick in top edge, about very fine.

£150-200

687State of Mississippi, 6% ‘Planters’ Bank’ Loan,1833, bond for $1000, series F, redeemable 1866,no.1091, signed by the Governor, attractive engineturned borders, black, with coupons, also with couponsheet for obtaining interest payments in London, smalltear at bottom edge, about very fine.

£150-200



www.spink.com

688State of Mississippi, 6% ‘Planters’ Bank’ Loan,1833, bond for $1000, series F, redeemable 1866,no.1099, signed by the Governor, attractive engineturned borders, black, with coupons, also with couponsheet for obtaining interest payments in London, heavycentre fold, about very fine.

£150-200

689State of Mississippi, 6% ‘Planters’ Bank’ Loan,1833, bond for $1000, series G, redeemable 1871,no.1533, signed by the Governor, attractive engineturned borders, black, with coupons, also with couponsheet for obtaining interest payments in London, smalltear at top edge, about very fine.

£150-200

690State of Mississippi, 6% ‘Planters’ Bank’ Loan,1833, bond for $1000, series G, redeemable 1871,no.1899, signed by the Governor, attractive engineturned borders, black, with coupons, also with couponsheet for obtaining interest payments in London, largehole in centre, a few edge tears, poor

£60-80

691Texian Loan, 8%, 1836, bond for $320, firstinstalment of $32, no.601, signed by Stephen Austinas one of the commissioners of the new Republic,ornate border, black, printed by Benjamin Levy ofNew Orleans, cut cancelled with usual small triangularpiece removed from centre but cleverly replaced with apiece from another certificate, tiny splits at folds butvery fine and scarce.

£600-800

Railroads692Memphis & Little Rock Railroad Co., 7% bond for$1000 issued by the State of Arkansas, Little Rock18[69], signed by the Governor, Powell Clayton,steam train at top, coat of arms below, brown andblack, a couple of edge repairs mostly where couponsroughly removed, about very fine.

£40-50

Powell Clayton (1833-1914), engineer, Union Generalduring the Civil War, Governor of Arkansas (1868-1871), United States Senator (1871-1877).

693Newport News and Mississippi Valley Co.,certificate for 100 shares of $100, 18[90], no.B600,signed by C. P. Huntington as President, Americaneagle at bottom, black and green, with coupons, goodvery fine

£60-80

694Port Jervis & Monticello Railroad Company (NY),$50 shares, 187[5], no.30, vignette of loco passingthrough countryside, black about very fine.

£60-80

695United States Car Company, a group of 50 commonstock certificates and 36 preferred stock certificates, all189[4], steam train at top, green and red respectively,a few with folds at edges but most are extremely fine.(86)

£150-200


Page 110


Page 111

696United States Car Co., a group of 10 bonds for$500, 1894, numbers 3795 to 3804, steam train attop left, yellow and black, with coupons, the first alittle grubby with a spike hole at top otherwise good veryfine and better. (10)

£140-180

Motor Carsx697A good collection of motor car builders andassociated companies, comprising; Moon Motor CarCo., 1930; American Austin Car Co. Inc., 1930; StarMotors, Inc., 1923; Durant Motors, Inc., less than100 shares, 1925 (2, slight printing varieties); ReoMotor Car Co., less than 100 shares, 1916 & 1924,with slight printing varieties; General motors Co.,1917; Brill Corporation, 1944; Four Wheel DriveAuto Co., 1912 and 1941; Packard Motor Car Co.,100 shares and less than 100 shares, both 1936, and,Stewart-Warner Corp., 100 shares, 1941 and 1948,slight printing varieties, some are cancelled, generallyvery fine and better. (15)

£250-300

x698An accumulation of Motor Car and relatedcompany certificates, including; Durant Motors,Inc., 1924 & 1925; Four Wheel Drive Auto Co., 1912& 1917; General Motors Co., 1916 (2) & 1917, and,Reo Motor Car Co., 1916 (2), the remainder consistsof post 1940, unissued, temporary or fractionalcertificates, and includes names such as Moon,Lincoln, Nash, Peerless, Ford, Studebaker and Willys,many are cancelled, many very fine, some better. (122)

£400-500

x699Dodge Brothers, Inc., a specimen certificate for 100shares of common class A stock, circa 1930, allegoricalfigure at top, blue and black, printed by ABNCo,numbered 00000 and overprinted SPECIMEN in red,extremely fine.

£80-100

Mining Companies700Alaska Gastineau Mining Company (NY), twocertificates for $5 shares, 191[2], numbered 491 and558, signed by Joseph Gilbert as president, vignettesof mineworkers and frontierswoman with rifle, greenand black, good fine. (2)

£60-80

Joseph Gilbert formed the Alaska Perseverance MiningCo., which was renamed in 1910 Alaska GastineauMining Co. to mine gold. By 1915, 4,000 tons of ore werebeing crushed daily. Acquired by the Alaska JuneauMining Co. in 1934.

701Estella Mining Co. (CO), a large group of 385certificates for $5 shares, Denver 191[1], eagle at top,green and black, British impressed revenue stamp,generally extremely fine or nearly so. (385)

£400-500



www.spink.com

702Mary Murphy Gold Mining Co. (CO), a largegroup of 389 certificates each for 10 shares of $5,19[09], miners at work underground, maroon andblack, British impressed revenue stamp, generallyextremely fine or better. (389)

£400-500

703Mary Murphy Gold Mining Co. (CO), a group of50 certificates each for 50 shares of $5, 191[1], minersat work underground, brown and black, thisdenomination much more scarce than the maroon 10share denomination, the first few with some edgecreasing but most are extremely fine or better. (50)

£80-100

704Utah-Bingham Mining Co. (ME), a group of 36certificates for $5 shares, 190[8], miners at workunderground top left, green and black, red embossedBritish revenue stamp, very fine to extremely fine. (36)

£80-100

Express Companies705American Express Company, $500 shares, 186(5),no.1481, signed by Henry Wells, William G. Fargoand Alexander Holland, dog’s head in centre flankedby vignettes of wagon with railway station at left andsteamship with goods at dockside at right, capital 6000shares, overprinted 10,000 in blue, black, usual lightbrown staining otherwise very fine.

£150-200

706American Express Company, $500 shares, capital10,000 shares, 186[5], no.2368, signed by HenryWells as President, William Fargo as Secretary andAlexander Holland as Treasurer, dog’s head in circlein centre flanked by vignettes of wagon, railroad depotand goods at dockside, black, adhesive duty stamp, lefthalf is stained as usual, very fine.

£120-150

707American Express Company, 500 dollar shares,no.728, New York 1866, signed by Henry Wells,James Fargo and Alexander Holland, capital 18,000shares, busy port and railway yard scenes with dog incentre, black and blue, some discolouratioin as is usualwith many of these pieces, very fine

£150-200

Commercial and Industrial708Bank of the United States of America, a group of 13Dutch certificates, issued by Hope & Co. and others,Amsterdam [1844], in exchange for the originalAmerican certificates, ornate border of scrollwork andsymbols, black, with coupons, generally extremely fine.(13)

£200-300


Page 112


Page 113

709Cumberland Gap Park Company (TN), $25 shares,189[1], no.40, black on pink paper; $25 or £5 shares,London 189[0], no.52, green; together withCumberland Gap Hotel and Park Co. (TN),provisional scrip certificate for preferred shares, 1892,no.30, black, with a few relevant call receipts andreports, generally about very fine. (3)

£50-60

710Middlesbrough Street Railway Co., $5 or £1 shares,189[0], no.59, red-brown; together withMiddlesbrough Hotel Company Inc., $5 or £1shares, 189[0], no.30, orange, and issued to EvelynAshley, second son of Earl of Shaftesbury, and bothoverstamped with London countersignature, very fine.(2)

£50-60

British Companies711American Association, pair of certificates for £1ordinary shares, 18[92], no.132 and £1 preferenceshares, 18[93], no.3, British and American flags inscrollwork at left, green and orange respectively, aboutvery fine. (2)

£40-50

Anthony Evelyn Ashley was the son of the Earl ofShaftsbury and Private Secretary to Lord Palmerston.He was MP for Poole and the Isle of Wight.

712Capitol Freehold Land & Investment Co. Ltd., aspecimen mortgage debenture from the Bradbury,Wilkinson & Co. archive, 190-, large format piecewith vignette of State Capitol, and small bull, farmingscene and cattle within ornate border, Texas Star attop, black, green underprint, creased, good very fine.

£60-80

Financed the building of the Texas State Capitol in1885 in exchange for 3 million acres of land and beganbuilding the famous XIT ranche, the biggest in the State.

713East Sheboygan Silver Mining Co. Ltd., £2ordinary shares, 187[1] and 187[2], black, and £2preference shares, 187[1] (2 examples) and 187[2],scrollwork at left, black and blue respectively,embossed seal stating Nevada, adhesive revenuestamps, generally very fine. (5)

£60-80

714Glade Mining Co. Ltd., a group of certificates for £1ordinary shares (11) and £1 preference shares (5), alleither [1900] or [1901], ornate borders, green andred respectively, a few with grubby folds but generallyvery fine. (16)

£80-100

Acquired 680 acres of gold bearing land in NorthCarolina.

715New York City Freehold Estates Corporation(1905) Ltd., £4 Preferred Ordinary Shares, 190[22],and £1 Deferred Shares, 19[22], scrollwork at left withStatue of Liberty, red-brown and mauve respectively,very fine. (2)

£50-60

716Peter Schoenhofen Brewing Company Ltd., £10ordinary shares, 18[92], no.518, vignette of breweryalong left side, black, fine, some staining at top right.

£80-100

Peter Schoenhofen, a Prussian immigrant, started apartnership with Matheus Gottfried to operate a breweryin Chicago where, during the early 1860s, they madeabout 600 barrels of lager beer a year. In 1867,Schoenhofen bought out his partner, and the companybecame the Peter Schoenhofen Brewing Co. During the1890s, when the business was acquired by O’Hagan’s,City of London Contract Co, annual output reached180,000 barrels. Around 1900, the Schoenhofen familyregained control from the English company. Operationsshut down during Prohibition, but by 1933, after thenational ban on alcohol production was lifted, thecompany was back in business as the Schoenhofen-Edelweiss Co. After being purchased by the AtlasBrewing Co. in the late 1940s, Schoenhofen became partof Dewery’s Ltd. of South Bend, Indiana, in 1951.

717Richmond Consolidated Mining Company Ltd.,small group of certificates for £5 shares, 187[80],188[1] or [2] and 188[9] all issued to Admiral SirJohn Cammerell VC, British and American arms attop, black, red endorsement, fine to very fine. (6)

£100-150

Company worked the silver lead ore deposits in Eureka.

718Saturn Silver Mining Company of Utah Ltd., agroup of 70 bearer warrants for one share of £5, 1871,scrollwork at left, black, embossed duty stamp, goodvery fine and better. (70)

£250-300



www.spink.com

719Stratton’s Independence Ltd., £1 shares, fully paid,[1900], no.8176, scrollwork at left, blue, red ink stainat right, heavy folds, good fine.

£150-200

Winfield Scott Stratton, Cripple Creek’s first goldmillionaire, sold his Independence mine at the height ofthe boom to these English investors. The company was soonreorganised with a more realistic capital as can be seenin the following two lots.

720Stratton’s Independence Ltd., 2s 6d shares, 2s paid,[1908] no.1935, scrollwork at left, green,endorsements on face, heavy folds, fine.

£150-200

721Stratton’s Independence Ltd., 2s 6d shares, fullypaid, [1911], no.5437, scrollwork at left, red, heavyfolds, good fine and scarce type.

£200-250

END OF THE SALE


Page 114


Written Bids FormThis form should be sent or faxed to be received bySpink Commission Bids Office in advance of the sale.References should be supplied in good time to be takenup before the sale. Bids received later than one hourbefore the start of the sale may not be processed.

69 Southampton Row, Bloomsbury, London WC1B 4ETTel: (020) 7563 4020/4005Fax: (020) 7563 4037

Sale Title Date Code Name Sale No.Bonds and Share Certificates Wednesday 16 November 2011 MATADOR 11022of 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 the Purchase Price payable will be the sum of the final bid and a premium as a percentage of the final bid (togetherwith any VAT chargeable). The Rate of Premium is 20% of the final hammer price; VAT is chargeable on the purchase price of daggered (†) and (Ω) lots atthe standard rate (currently 20%), and on lots marked (x) at the reduced rate (currently 5% on the hammer and 20% on the premium). VAT on Margin Schemelots is payable at 20% on the premium only. All bids shall be treated as offers made on the Terms and Conditions of Buyers printed in the catalogue. I alsounderstand that Spink provides the service of executing bids on behalf of clients for the convenience of clients and that Spink will not be held responsible forfailing to execute bids. If identical commission bids are received for the same Lot, the commission bid received first by Spink will take precedence. Please notethat you will not be notified if there are higher written bids received. If you require such notification then this is available on bids made via Spink’s online service.

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING


of the World


You can also bid real time on Spinklive. Just visit www.spink.com to register

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– – �

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –

–

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 paymentterms agreed)

Please hold my purchased lots for collection Continued...

Please note that the Buyer’s Premium is 20% of the final hammer price of each lot

Lot Number(in numerical order)

Price Bid £(excluding Buyer’s Premium)





Client Number (if known): ................................................Name: .....................................................................................(Invoice name, please print)

Address: .......................................................................................................................................................................................................

..................................................................................................................................................Postcode: ...................................................

Tel. (Home): .................................................................................(Office): ...............................................................................................

Fax: ................................................................................................E-mail: .................................................................................................

Signature: ......................................................................................

Please indicate the type of card: Visa � Visa Debit � Mastercard � Switch � American Express �


PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

References required for clients not yet known to Spink

Bank Name: .....................................................................................................................

Bank Address: .................................................................................................................................

.........................................................................................................................................................

...................................................................................... Postcode: ................................................

Account Number: ...........................................................................................................................

Date: ..............................................................................................................................................







Sale No. 11022 Date: Wednesday 16 November 2011


1 £1702 £403 £404 £606 £1807 £1108 £16015 £18016 £16017 £18018 £11019 £12020 £4021 £6023 £4024 £10025 £18026 £16027 £16028 £8030 £15031 £7032 £11033 £17034 £9035 £9036 £38037 £12038 £8039 £7040 £8042 £7043 £4044 £11045 £13046 £85047 £70048 £240

49 £45050 £35051 £85052 £60053 £17054 £7055 £32056 £20057 £11058 £80059 £6060 £13061 £55062 £75063 £32064 £52065 £6066 £26067 £75068 £1,90069 £65070 £23071 £80072 £55073 £26074 £58075 £4076 £4,00077 £1,30078 £2,50079 £65080 £42081 £17082 £23083 £26084 £26085 £38086 £480

87 £40088 £30089 £38090 £45091 £32092 £15093 £17094 £65095 £26096 £20097 £6098 £12099 £250100 £550101 £350102 £250103 £320104 £210105 £190106 £380107 £210108 £80109 £180110 £160111 £100112 £110113 £80114 £210115 £950116 £280117 £230118 £380119 £350120 £50121 £260122 £300123 £200124 £520

125 £50126 £130127 £200128 £200129 £250130 £60131 £80132 £160133 £80134 £70135 £950136 £90137 £230138 £190139 £220140 £170141 £170141A £160142 £100143 £180144 £140145 £160146 £180147 £130148 £120151 £290152 £70154 £110155 £120156 £110157 £120159 £50160 £150162 £110163 £110164 £110165 £250166 £150

167 £220168 £280169 £110170 £220171 £50172 £140173 £160174 £200175 £120176 £120177 £170178 £60179 £50180 £110182 £90184 £60185 £80186 £60187 £140189 £150193 £320194 £2,100195 £60197 £50198 £150199 £140200 £500201 £50202 £150205 £60209 £130210 £100211 £110212 £110213 £50214 £150215 £130217 £80

219 £100220 £80221 £60223 £350224 £260225 £120226 £70227 £60228 £60232 £70234 £200235 £120236 £40238 £40239 £80241 £45243 £60244 £50245 £60246 £40247 £220248 £40249 £40250 £40251 £70253 £520254 £1,100256 £2,300257 £60259 £260260 £270261 £160262 £180263 £650264 £700265 £170266 £160267 £700

268 £250269 £260270 £170271 £50272 £200273 £380293 £350294 £150295 £230297 £350298 £100299 £150300 £70302 £200303 £110305 £40306 £40308 £100309 £50312 £80314 £120315 £130316 £100317 £110319 £40320 £150322 £80323 £150325 £60327 £100332 £300333 £170334 £100336 £60338 £140339 £450340 £2,600341 £60

AUCTION RESULTSSale: Bonds and Share Certificates of the World

Sale No: 11006

Date: Friday 20th May 2011

Venue: London

The following prices in sterling do not include the buyer’s premium and are rounded to thenearest pound. Lots which did not sell are not shown.

Spink & Son are not responsible for typographical errors or omissions.

Spink & Son Ltd69 Southampton Row

BloomsburyLondon WC1B 4ET

Telephone: (020) 7563 4000

Lot Price Lot Price Lot Price Lot Price Lot Price Lot Price Lot Price


Lot Price Lot Price Lot Price Lot Price Lot Price Lot Price Lot Price343 £70344 £90345 £80346 £40348 £70351 £60353 £60355 £70356 £50360 £100361 £60362 £70365 £80367 £170369 £120372 £150374 £160375 £240377 £180378 £180379 £100380 £200381 £60384 £110385 £1,000390 £70393 £70394 £120395 £110396 £180398 £140400 £130401 £40402 £60403 £60404 £180405 £600406 £60407 £110408 £60409 £100

411 £40412 £160415 £80417 £70418 £40419 £40420 £40421 £40422 £40423 £40424 £80425 £80426 £110427 £70428 £100429 £60430 £110432 £80433 £230434 £270435 £140436 £40437 £230438 £60439 £50440 £50442 £150443 £80444 £80445 £160446 £40447 £80448 £70449 £80450 £120451 £60452 £260453 £50455 £70456 £90457 £140

458 £180459 £130460 £170461 £210463 £210464 £70465 £150466 £160467 £200468 £180469 £160470 £700472 £100473 £170475 £50477 £40479 £110480 £80482 £100483 £75486 £70487 £100488 £60489 £40491 £70492 £140493 £140494 £120495 £140496 £60497 £100498 £180500 £110504 £60505 £70506 £110507 £210508 £80509 £60510 £130511 £80

512 £70513 £70514 £90515 £80516 £90517 £80519 £50522 £60523 £60524 £70525 £70526 £90527 £110528 £100529 £160530 £110532 £260533 £240534 £110535 £140537 £150538 £140540 £190541 £110542 £50543 £60544 £100546 £40549 £40551 £160552 £45553 £50556 £90557 £230558 £2,800559 £350560 £160561 £60562 £60563 £250564 £50

566 £140569 £60570 £60574 £70575 £60576 £110577 £70579 £40580 £100581 £70582 £70583 £80584 £50585 £100589 £70590 £35591 £80592 £70595 £70596 £80598 £30599 £60603 £120604 £160605 £90606 £100607 £110608 £80609 £190610 £50612 £80613 £110614 £80615 £230616 £90617 £80618 £120619 £120620 £400621 £35622 £60

623 £60624 £90625 £140626 £75627 £260628 £150629 £50631 £50632 £180633 £60634 £320635 £50638 £170639 £60643 £35644 £40645 £60646 £65647 £520648 £70649 £130650 £130652 £150653 £500654 £150655 £70656 £190657 £70659 £80663 £130664 £80665 £80666 £80667 £240668 £70669 £200670 £60672 £80673 £50674 £80675 £60

676 £80677 £130678 £240679 £350685 £160686 £200687 £80688 £150689 £260690 £220692 £40693 £70697 £30705 £650706 £200707 £110708 £110709 £350710 £180711 £100712 £80713 £100714 £180715 £50716 £320717 £160719 £130721 £130722 £110725 £50727 £40728 £40

ARE YOU THINKING OF SELLINGA COLLECTION OR SINGLE ITEM AT AUCTION?

WITH OVER 60 AUCTIONS PER YEAR, HELD AROUND THE GLOBE, SPINK ARE HAPPYTO ACCOMMODATE YOUR NEEDS TO ACHIEVE THE BEST RESULTS.

PLEASE CONTACT OUR SPECIALISTS TODAY FOR FURTHER DETAILS.


For more information please contact Tim Hirsch, 020 7563 4001 or [email protected].

29th November 2011 • London

THE“AGATHON”

COLLECTIONof Highly Important Essays, Proofs and Covers

of the First Issue of Imperial Russia

1858 10K brown andblue on cover. A unique combination. Ex Mikulski.

The unique essay of the first stamp of Russia given as apersonal gift from Tsar Nicholas II to Agathon Fabergé.

1854 Eagle type surface printedessay. Unique Ex Fabergé.


www.spink.com

Auction Notes


Page 120


To request a catalogue or for more information, pleasecontact Nick Startup: Tel: +44 (0)20 7563 4073 Fax:+44 (0)20 7563 4066 Email: [email protected]

The “Fordwater”Collection of Mint Australian Commonwealth with the Emphasis

Being on Unmounted Mint

9th November 2011 • London


www.spink.com

Auction Notes


Page 122




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.

Spink Uni (07/11) (20)

1 DEFINITIONS The following definitions in this condition 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 toauthorship, 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 anycatalogue;

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; and

VAT 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 SALE

3.1 Examination of goodsYou 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 descriptions

3.2.1 Statements by us in the catalogue or condition report, or madeorally 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 illustrations are for guidance only, andshould not be relied on either to determine the tone or colour ofany item or to reveal imperfections. Estimates of the selling priceshould not be relied on as a statement that this price is either theprice at which the Lot will sell 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.

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 of

the 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 normally accept a request for an extension onaccount of condition. Any Lot described in the catalogue as havingfaults or defects may not be returned even if an expert opinion orCertificate of Authenticity cites other faults or defects not includedin the catalogue 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.

4 AT THE SALE

4.1 Refusal of admissionOur 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.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.


Spink Uni (07/11) (20)

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.

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 is a free service undertakensubject to other commitments at the time of the auction and we do notaccept liability for failing to execute an online internet bid or for errorsor omissions in connection with this activity.

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 Arrangements If 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 LotIn the event that you have received a Lot and wish to return the Lotyou must notify us in writing within 7 days of receipt of the Lot, statingthe reason for the return. The Lot must then be returned to us within14 days of receipt, in the same condition as at the auction date. Anysuch request is subject to our sole discretion.

5 AFTER THE AUCTION5.1 Buyer’s Premium

In addition to the hammer price, you must pay us the Buyer’s Premiumof 20% on the final hammer price of each Lot.

5.2 Value Added TaxOther than in respect of Zero-rated Lots (o) (see VAT Symbols fordetails), VAT is payable on the Buyer’s Premium and on the HammerPrice, if the Lot has been marked with a sign to that effect in thecatalogue (see VAT Symbols for details).

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 EU

5.3.6 Where a Lot is included within the Auctioneers’ Margin Schemeand evidence of export from the EU is produced within 3 monthsof the date of sale, the VAT element included within the Buyer’sPremium 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.


Spink Uni (07/11) (20)

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 due to ushave been paid in full to us, even in circumstances where we havereleased the Lot to you.

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.

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 we specifically agree to the contrary, we shall retain items

sold until all amounts due to us, or to the Spink Group, have beenpaid in full.

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.

5.9 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; or

5.10.2.3 take any other appropriate action as we deem fit.

5.11 Failure to collectWhere purchases are not collected within seven days after the sale,whether or not payment has been made, you will be required to pay astorage charge of £2 per item per day plus any additional handling costthat may apply. You will not be entitled to collect the Lot until alloutstanding charges are met, together with payment of all otheramounts due to us.

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 thereceipt 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


Spink Uni (07/11) (20)

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.

5.13.2 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 LIABILITY Nothing in these Terms and Conditions limits or excludes our liability for:6.1 death or personal injury resulting from negligence; or 6.2 any damage or liability incurred by you as a result of our fraud or

fraudulent misrepresentation.7 COPYRIGHT

7.1 We shall have the right (on a non-exclusive basis) to photograph, videoor 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.

7.2 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.

8 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.

9 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.

10 ADDITIONAL PROVISIONSThe following provisions of this clause 10 shall apply only if you are acting forthe purposes of your business. 10.1 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:10.1.1 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

10.1.2 any special, indirect, consequential or pure economic loss,costs, damages, charges or expenses.

10.2 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.

10.3 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.

10.4 Waiver10.4.1 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.

10.4.2 Unless specifically provided otherwise, rights arising underthese Terms and Conditions are cumulative and do not excluderights provided by law.

10.5 Law and Jurisdiction10.5.1 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.

10.5.2 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 Charges

Prices 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 anysymbol 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 toVAT–registered businesses, the VAT included within the Buyers’Premium is not recoverable as input tax. Upon request on sale day,we will issue invoices that show VAT separately on both the HammerPrice and the Buyer’s Premium. This will enable VAT-registeredbusinesses to recover the VAT charged as input tax, subject to thenormal rules for recovering 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 element will be included withinthe Buyer’s Premium.

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. Starred and Omega LotsLots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer Price and 20% on the Buyer’s Premium which is shown asinclusive of VAT. Lots which bear the Omega symbol (Ω) are subject toVAT at 20% on the Hammer Price and on the Buyer’s Premium. Such Lotsbear VAT because the Lot is liable for VAT at this rate on importation intothe EU.

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.

vi. Imported LotsLots which are marked (x) and Lots which bear the Omega symbol (Ω)have VAT charged on the Hammer Price and Buyers’ Premium becausethey have been imported into the United Kingdom from outside the EU.In these cases we have used a temporary importation procedure, which ineffect means that the point of importation is deferred until the Lot has beensold. At this point the Buyer is treated as the importer and is liable to paythe import VAT due. We will collect the VAT from you and pay it to HMCustoms and Excise on your behalf.

Invoice Value UK EU Rest of the WorldUp to £1,500 £10 £15 £20

Above £1,501 £20 £30 £40

Weight UK EU Rest of the WorldUp to 1kg £8 for any weight £12 £15

Up to 2kg £8 for any weight £18 £25


Stamps, Coins, Banknotes, Medals,Bonds & Shares, Autographs & Books

AUCTION CALENDAR

2011/2012

The above sale dates are subject to change

Spink offers the following servicesValuations for insurance and probate for individual items or whole collections.

Sales on a commission basis either of individual pieces or whole collections.

Stamps18 October Pearls of Arabia - Algeria, Tunisia and Morocco London 1103718 October Pearls of Arabia - Egypt London 1104219 October Pearls of Arabia London 1104319 October Pearls of Arabia - Palestine London 1104419 October Pearls of Arabia - Saudi Arabia London 110459 November The “Fordwater” Collection of Mint Australian Commonwealth London 110419/10/11 November Autumn Collector’s Series Sale London 1103318/19 November The Collector’s Series Sale New York 13729 November The “Agathon” Collection of the First Issue of Russia London 110346 December The Chartwell Collection - Great Britain King Edward VII Essays,

Proofs and Issued Stamps London 1103515 January Fine Stamps and Covers of Hong Kong and China Hong Kong 1200526 January The Winter Collector’s Series London 1200123/24 February The Collector’s Series Sale New York16/17 March The “Tito” Collection of South American Philatelic Rarieties Lugano

Banknotes15/16 November The Collector’s Series Sale New York 3118 December World Banknotes London 1102014 January Banknotes of Hong Kong and China Hong Kong 12006

Bonds and Shares15/16 November The Collector’s Series Sale New York 31116 November Bonds and Share Certificates of the World London 1102214 January Bonds and Share Certificates of Hong Kong and China Hong Kong 12007

Medals24 November Orders, Decorations, Campaign Medals & Militaria London 1101119 April Orders, Decorations, Campaign Medals & Militaria London 12002

Coins15/16 November The Collector’s Series Sale New York 31113 December Ancient, English & Foreign Coins and Commemorative Medals London 1102414 January Fine Coins of Hong Kong and China Hong Kong 12008

Group Chairman and CEOOlivier D. Stocker

Your Specialists

StampsUK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill Granger Paul Mathews Dominic Savastano

USA - Chris Anderson George Eveleth Andrew Titley Ed RobinsonEUROPE - Guido Craveri Fernando Martinez

CoinsUK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKay Arthur Bryant John Pett George Champ

USA - Stephen Goldsmith Matthew Orsini Normand PepinBanknotes, Bonds & Shares

UK - Barnaby Faull Mike Veissid Francesca Girelli Andrew PattisonUSA - Stephen Goldsmith Matthew Orsini

Orders, Decorations, Medals & MilitariaUK - Mark Quayle Oliver Pepys

BooksUK - Philip Skingley Alex Smith

AutographsUSA - Robert Litzenberger

Your Europe Team

Chairman’s OfficeDennis Muriu Monica Kruber

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamEmily Johnston Miroslava Adusei-Poku Luca Borgo Phillipa Brown

FinanceAlison Bennet Marco Fiori Mina Bhagat Alison Kinnaird Shyam Padhiar Billy Tumelty

IT & AdministrationBerdia Qamarauli Maria Martinez Liz Cones Curlene Spencer John Winchcombe

Your America TeamChairman Emeritus

John HerzogHead of NumismaticStephen Goldsmith

Finance & Operations ManagerSam Qureshi

Auction AdministrationRick Penko Patricia Gardner

Marketing & DesignJames McGuire Emily Cowin Clyde Townsend

Finance & AdministrationIngrid Qureshi Marcy Gottberg Ed Robinson

AuctioneerTracy Shreve

Your Asia Team

Gary Tan

Our Environmental Commitment: Paper from Sustainable Forests and Non Hazardous InkFor centuries Spink and its employees have been preserving and curating collectable items. We now wish to play a modest role in preserving ourplanet, as well as the heritage of collectables, so future generations may enjoy both.

We insist that our printers source all paper used in the production of Spink catalogues from FSC registered suppliers (for further information onthe FSC standard please visit fsc.org) and use inks containing non hazardous ingredients. Spink recycle all ecological material used on our premisesand we would encourage you to recycle your catalogue once you have finished with it.


© Copyright 2011

£25

SPINK

LON

DO

N

�B

ON

DS

AN

D S

HA

RE

CE

RT

IFIC

AT

ES

OF

TH

E W

OR

LD

�

16 N

ovember 2011 • L

ondon

STAMPS BANKNOTES MEDALS COINS BONDS & SHARES AUTOGRAPHS BOOKS

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


of the World



Bonds & Share Certificates of the World

Documents

world london

stamps london

pearls of arabia london

morocco london

egypt london

palestine london

spink london bonds

commemorative medals