bonds and share certificates of the world - 14016

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STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

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

BONDS AND SHARE CERTIFICATESOF THE WORLD

30 MAY 2014

LONDON

£25

14016 Bonds cover:Layout 1 8/5/14 14:10

BANKNOTES

17/18 June The Numismatic Collector’s Series Sale New York 32015 July World Banknotes London 14009 21 August The Numismatic Collector’s Series Sale Hong Kong CSS1117/18 September The Numismatic Collector’s Series Sale New York 321 30 September World Banknotes London 14013 1/2 October World Banknotes London 14013 15 November The Numismatic Collector’s Series Sale Hong Kong CSS13

SALE CALENDAR 2014

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –

– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

14 May Specialised Great Britain Stamps and Postal History London 14022 15 May The J. E. Safra Collection of Classic Great Britain Rarities,

Including 1840 One Penny Blacks, 1840 Two Penny Blues and the famousKing George V 1d. Tete Beche Pair London 14028

21 May The J. E. Safra 24c Inverted Jenny New York 14921/22 May The Philatelic Collector’s Series Sale New York 1487 June The Philatelic Collector’s Series Sale Hong Kong CSS107 June The Philatelic Collector’s Series Sale Lugano SW101317 June Rhodesia Featuring Arms and Admiral Issues from the Vestey Collection London 1402918 June The “Garrison” Collection of New Guinea “G.R.I.” Surcharges London 1402319 June The “Lionheart” Collection of Great Britain and British Empire, Part III London 140279 July British Europe including Long Island from the Vestey Collection London 1403010 July The Philatelic Collector’s Series Sale London 1402427/28 August The Philatelic Collector’s Series Sale New York 15020 September The Philatelic Collector’s Series Sale Hong Kong CSS1220 September Stamps and Covers of South East Asia Singapore 1402625 September Great Britain from the Vestey Collection London 1403116 October Australian Commonwealth from the Vestey Collection London 1403226/27 November The Philatelic Collector’s Series Sale London 1402511 December The Leeward Islands, Bahamas and Turks Islands from the Vestey Collection London 14033

COINS

17/18 June The Numismatic Collector’s Series Sale New York 320 25/26 June Ancient, British & Foreign Coins and Commemorative Medals London 14005 21 August The Numismatic Collector’s Series Sale Hong Kong CSS1117/18 September The Numismatic Collector’s Series Sale New York 32122/23 September Ancient, British & Foreign Coins and Commemorative Medals London 14006 15 November The Numismatic Collector’s Series Sale Hong Kong CSS133/4 December Ancient, British & Foreign Coins and Commemorative Medals London 14007

MEDALS

24 July Orders, Decoration, Campaign Medals & Militaria London 14002 20 November Orders, Decoration, Campaign Medals & Militaria London 14003

BONDS AND SHARES

30 May Bonds and Share Certificates of the World London 14016 7 June Bonds and Share Certificates of the World Lugano SW101217/18 June The Numismatic Collector’s Series Sale New York 32021 August The Numismatic Collector’s Series Sale Hong Kong CSS1115 November The Numismatic Collector’s Series Sale Hong Kong CSS1328 November Bonds and Share Certificates of the World London 14017

AUTOGRAPHS

17/18 June The Numismatic Collector’s Series Sale New York 32017/18 September The Numismatic Collector’s Series Sale New York 321

WINES

29 May An Evening of Exceptional Wines Hong Kong SFW0831 July An Evening of Exceptional Wines Hong Kong SFW09

GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

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

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando Martínez

CHINA - Anna LeeCOINS

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

USA - Stephen Goldsmith Greg ColeCHINA - Kin Choi Cheung

BANKNOTES, BONDS & SHARES

UK - Barnaby Faull Mike Veissid Andrew Pattison Monica KruberUSA - Stephen GoldsmithEUROPE - Peter Christen

CHINA - Paul Pei Po Chow Kelvin CheungORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John HaywardBOOKS

UK - Philip Skingley Jennifer MulhollandAUTOGRAPHS

USA - Stephen GoldsmithWINES

CHINA - Vincent Cleme Anna Lee Guillaume Willk-Fabia

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeCharles Blane

DirectorsTim Hirsch Anthony Spink

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

Kenichiro Imase María Martínez Maurizio Schenini

FinanceAlison Bennet Marco Fiori Mina Bhagat Dennis Muriu Billy Tumelty Dean Dowdall

IT & AdministrationBerdia Qamarauli Leszek Woronowicz Liz Cones Curlene Spencer

Tom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK)

Auction Administration and Marketing & DesignSonia Alves Luke Mitchell Madison Lang

Finance & AdministrationAleena Nieves

AuctioneerStephen Goldsmith

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

Vice ChairmanAnna Lee

AdministrationAngie Ihlofung Amy Yung Newton Tsang Raymond Tat Gary Tan

14016 Bonds cover:Layout 1 8/5/14 14:10

Front Cover Illustration: 271 (detail) Back Cover Illustration: 12

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SALE LOCATION

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FOR YOUR QUESTIONS ABOUT THE SALE LOTS

SALE DETAILS

Friday 30 May at 10.00 a.m.

In sending commission bids or making enquiries,

this sale should be referred to as HOPPENSACK - 14016

VIEWING OF LOTS

SPINK LONDON

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London WC1B 4ET

Thursday 29 May 2014 10.00 a.m. - 5.00 p.m.

and during the sale

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FOR YOUR INTERNET BIDDING

14016 Bonds Pages:Layout 1 8/5/14 13:35 Page 1

COLLECTIONS AND LOTS 1 - 9

AFRICACongo 10 - 13Ethiopia 13 - 14Mozambique 15 - 16Portuguese Africa 17Rhodesia 18 - 20Senegal 21South Africa 22 - 32Tunisia 33 - 34

MIDDLE EASTMiscellaneous Lot 35Egypt 36 - 50Ottoman Empire 51 - 54Palestine 55 - 60Syria 61

ASIA China:Collections and Lots 62 - 67Government Bonds 68 - 153Municipal Loans 154 - 155Railways 156 - 157China and Hong Kong Companies 158 - 169French Indo-China 170 - 171India 172 - 176Japan 177 - 178Malaya 179 - 182Philippines 183Siam/Thailand 184 - 186

AUSTRALASIAAustralia 187 - 211New Zealand 212

CANADA 213 - 216

EUROPEAustria 217Belgium 218 - 222Bulgaria 223 - 228Croatia 229Czechoslovakia 230 - 231Danzig 232 - 233Estonia 234Finland 235France 236 - 287Germany 288 - 291Greece 292 - 298Hungary 299 - 304Iceland 305Italy 306Montenegro 307Norway 308 - 309Poland 310Portugal 311 - 325

Roumania 326 - 330Serbia 331 - 332Spain 333 - 349Sweden 350 - 352Switzerland 353Yugoslavia 354

GREAT BRITAIN AND IRELANDGovernment Finance 355 - 375Municipal Loans 376Early Companies 377 - 378Canals 379 - 384Railways 385 - 461Tramways 462 - 465Cabs and Buses 466 - 470Shipping 471 - 473Aviation 474 - 475Piers, Docks, Bridges and Harbours 476 - 478Banking and Insurance 479 - 489Motor Car 490 - 495Mining 496 - 510Gas, Water and Electricity 511 - 519Commercial and Industrial 520 - 544Literature 545 - 569

LATIN AMERICAArgentina 570 - 579Bolivia 580Brazil 581 - 585Chile 586 - 587Colombia 588Cuba 589 - 595Ecuador 596 - 599Honduras 600Mexico 601 - 610Peru 611 - 618 Uruguay 619 - 624Venezuela 625 - 628West Indies, British Guiana and British Honduras 629 - 631

RUSSIAMiscellaneous Lot 632Government 633 - 639City Loans 640 - 646Railways 647 - 653Banks, Commercial and Industrial 654 - 673French and Belgian Companies 674 - 675British Companies 676 - 688Dutch Companies 689

UNITED STATES OF AMERICARailways 690 - 696Banks, insurance and Finance 697 - 699Commercial and Industrial 700 - 701British Investment in the United States 702 - 706

ORDER OF SALE

BONDS AND SHARE CERTIFICATES OF THE WORLD

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Page 2


1An accumulation of modern Banking certificates,from the 1950’s and 60’s, including Bank of London& South America Ltd, Barclays Bank D.C.O., MartinsBank Ltd., National Provincial Bank Ltd., The RoyalBank of Scotland, The Standard Bank of South AfricaLtd, The Standard Bank Ltd., The English, Scottishand Australian Bank Ltd., National and GrindlaysBank Ltd., Midland Bank Ltd, and Westminster BankLtd., condition generally very fine and better. (qty)

£100-150

2A nice group of British registered certificates (15),including Temoh Gold Hills Ltd., 189[1]; MauritiusGas Co. Ltd., 188[3]; South Africa, English BreweryCo. Ltd., 1861, two examples; East Indian JunctionRailway Co., 18[47]; Bohemian Coal Mining Co.Ltd., 1858; Totumo Alluvial Gold Co. Ltd., 18[97];Kadur Mysore Mines Ltd., 190[2]; Nigeria & WestAfrica Development Syndicate Ltd., 190[5], andothers, mostly West African, generally very fine orthereabouts. (15)

£120-140

COLLECTIONS AND LOTS

3A quantity of certificates and insurance receipts,including Consolidated 3% annuities, 1805 to 1831 (6 examples); London General Cab Co. Ltd., 187[7];Australia, Union Jack Consolidated Mines Ltd.,[1900], Union Jack flag at top; Cia de Salitres yFerrocarril de Agua Santa, £10 shares, 18[1904], 5examples; Elder, Dempster & Co. Ltd., 19[19]; Bankof England, 2 certificates for the purchase ofGovernment Annuities, 182[5] and 183[0], scarce;Russian bonds (10); Brazil Great Southern RailwayCo. Ltd., £100 debentures, 189[8], 10 examples, andothers, mainly insurance premium receipts and a fewJapanese invasion notes, mixed condition but many arefine and very fine. (lot)

£120-150

4Tustanovice Petroleum Ltd., certificate for 5 £1preference shares to bearer, 19[08], no.14108,decorative piece with ‘mosaic’ decoration, blue andgreen, with coupons, together with 17 more Europeancertificates including, Tramway & Chemin de FerElectriques de Rome-Civita Castellana-Viterbe, 100francs, 1911; Lloyd Bank, 1923, and, Cie Gen.d’Omnibus et d’Autobus de Constantinople, generallyvery fine. (18)

£120-150

May 30, 2014 - LONDON

3

FRIDAY 30 MAY 2014

commencing at 10.00 a.m.

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

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

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

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

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

the numbers in brackets are inserted by hand.

Serial numbers of lots are shown in most cases.



9A group of British and British Colonial registeredcertificates (73), a few 19th century but mostly 1900to 1930’s, including London Rice Mill Co. Ltd., 1866(2), Compagnie Anglaise des Engrais Ltd., 1873 (2),Rio Grande Irrigation & Land Co. Ltd., 1898, Anglo-Belgian Tanning Co. Ltd., 1899, New NoveltyNewspaper Co. Ltd., 1894 (4), Hutti (Nizam’s) GoldMines Ltd., 1904, Simpson’s Lever Chain (Foreign &Canadian) Ltd., 1896, British Honduras Co. Ltd.,1864, Salford & Irwell Rubber Co. Ltd., 1886, HopBitters Co. Ltd., 1887, Tinplate Decorating Co. Ltd.,1890 (2), some duplication, mostly very fine orthereabouts. (73)

£250-300

AFRICA

CONGO

x10Les Produits de Mayombe S.A., 100 franc share,1899, no.6075, very striking design of natives, narrowgauge railway, native weapons and encampment, blue,yellow underprint, good very fine.

£40-50

11S.A. La Lulonga, dividend share to bearer, 1898,no.0062, vignette of river and dwellings, large palmtrees, black with pink underprint, together with;Societe Anversoise du Commerce au Congo, bearershare without par value, 1897, no.4849, brown;Anglo-African Produce Company S.A., ordinaryshares, no.231, and others (4), about very fine toextremely fine. (7)

£80-100

5La Plata Electric Tramways Co. Ltd., £1 preferenceshares, 19[09] and 19[12], ornate border, green,together with Capitol Freehold Land & InvestmentCo. Ltd., pair of certificates for ordinary and deferredordinary shares, both 189[3], owned the huge XITranch in Texas; British India Steam Navigation Co.Ltd., 51⁄2% preference stock, various dates 1935 to1940 (6 examples), printed by Waterlow; othercertificates (90), mostly modern, and a quantity ofManaos Improvements Ltd., £100 debentures, 1908(25) and £20 debentures, 191[0] (32), large format,with coupons, the first 4 are fine, the rest mainly veryfine and better. (158)

£120-150

6A group of Bonds and Share certificates andmiscellaneous documents, from many countries,including Consolidated £3 per Cent Annuities, 1838;New £3 10s per Cent Annuities, 1838; BrandWaarborg Maatschappij “Nederlandsch Indie”,Batavia 1863; Canada: Northern Light Power & CoalCo. Ltd., $100 bond, 1909; Bolivia, 1870 InternalLoan, unissued bonds for 100, 500 and 1000 pesos;Companhia dos Alcools de Portugal, 1888; PrueHravatske Stedionice, Zagreb 1922; France, LeDiable, Fumivores - Aspirateurs - Ventilateurs, 1929(2 examples); Lisbon Steam Tramways Co. Ltd., £100debenture, 1873; Australia, The Millionaire Ltd.,1901; Counties of Hungary Sterling Loan, £100,1927; F.C.Metropolitano de Barcelona, 1922 andothers (19), mixed condition, fine to very fine, somebetter. (34)

£150-200

7A group of British and British Colonial registeredcertificates (56), a few 19th century but mostly 1900to 1930’s, including Bultfontein Diamond MinesLtd., 1896, Brazil Great Southern Railway Co. Ltd.,1891, and Egyptian Delta Light Railways Ltd.,debenture, 1897, a little duplication, mostly very fine orthereabouts. (56)

£150-200

8A large group of modern British certificates (367),mostly 1920’s to 1960’s covering a number ofindustries including; London Stockholders InvestmentTrust Ltd., 1929, Fellows Manufacturing Co. Ltd.,1929, Anglo-South American Bank Ltd., 1930, BritishAmerican Tobacco Co. Ltd., 1953, Royal ExchangeAssurance, 1959, and Derbyshire Stone Ltd., 1965,some duplication, mostly very fine or thereabouts. (367)

£150-200

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x13Société Equatoriale Congolaise (Ikelemba), a tenthof a preference share of 500 francs, Anvers 1900,no.2409, attractive piece with native hut, river boatand palm trees, blue and red with yellow underprint,with coupons, extremely fine.

£60-80

ETHIOPIA14Plantations d’Abyssinie, 1 share (of no par value),Brussels 1927, no.14925, ornate border, red and darkgreen, endorsements on face, with coupons, extremelyfine.

£60-80

12S.A. Belge des Verreries Coloniales, 100 franc share,not dated but circa 1898, no.1036, intricateillustration of bare breasted woman dressed inpearls/beads looking into mirror, ornate headdress atbottom, beadwork style border, olive green, handstamps on face, with coupons, good very fine.

£150-180

5


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MOZAMBIQUE

15A nice collection of East African/Mozambiquecertificates (22), comprising Delagoa Bay and EastAfrican Railway Ltd., 189[6]; Beira Post Ltd., 1[899];Mapootaland Syndicate Ltd., 18[88]; Pardy’sMozambique Syndicate Ltd., 1895; Gold Fields ofMozambique Ltd., 18[94]; Portuguese Manica GoldMining Co. Ltd., 25 shares, 1899, 10 shares, 1901, 5shares and 10 shares, 1905; Beira Junction Railway(Port Beira to Fontesville) Ltd., 1895; MozambiqueMacequece Ltd., 190[3]; Companhia Agricola doMoribane, 1900, two types; Companhia deMossamedes, 1927, two types; Cie d’Inhambane,1899; Chemin de Fer de Beira au Zambeze, 1898,and, Companhia de Mocambique, 5 different types,1895-1928, the majority very fine, some better. (22)

£150-200

x16Beira Junction Railway (Port Beira to Fontesville)Ltd., bearer certificate for 10 shares, 1895, no.5838,signed by the Trustees, ornate border incorporatingvignette of steam locomotive at bottom, orange &blue, stamped cancelled, with coupons, almostextremely fine; together with The Anglo-AfricanProduce Company, 100 francs shares, ordinary, 1897and preference, 1898, no. 1794 and 4399, brown andblue respectively, ornate borders, arms at top centre,vignette with harbour scene at low centre, almostextremely fine and extremely fine. (3)

£60-80

PORTUGUESE AFRICA

17Companhia de Cabinda S.A., certificate for 10shares, made out to ‘bearer’, 1918, no.336071-336080, ornate border including large vignette ofnative with fruit, winged helmet of Mercury andmining tools at top corners, green, together withL’Africaine Portugaise S.A., two pieces, bearer sharewithout par value, no.3223, green and 250 francshare, no.2027, red, both with coupons, andCompanhia de Navegacao S.A., certificate for 5shares, 1928, no.30856-30860, colourful piece withillustrative border, vignette of ships at port at top andcoastal scenes in bottom corners, orange, pink andgreen predominantly, very fine and better. (4)

£60-80



7

18British South Africa Company, £1 shares, aspecimen certificate, from the Bradbury Wilkinsonarchive, capital £1,000,000, circa 1890, arms of thecompany in centre, black and pink, small hole cancels,with counterfoil, small mark at bottom left, extremelyfine.

£60-80

19British South Africa Company, SPECIMENmortgage debenture bond for £1000, from theBradbury Wilkinson & Co. archive, circa 1890, notnumbered, attractive ornate border with vignettesdepicting coat of arms, wagons, steam engine andnatives, underprint vignette of elephant and ostrichesat river, black with green underprint, with all coupons,good extremely fine.

£100-120

20Roan Antelope Copper Mines Ltd., a set of bearerwarrants for 1, 5 and 25 shares of 5/-, [1936] and[1935], lovely vignette of the mine, ornate border,printed by Waterlow & Sons, brown, green and redrespectively, with coupons, very fine and scarce. (3)

£80-100


RHODESIA



SOUTH AFRICA22General Post Office, Cape Town, Savings BankCertificate, £100, 18- (1889), comprising a paste-upof a new design printed in black on blue paper and afinal specimen but the printing is now in blue and thepaper white, together with correspondence with theprinters De La Rue, all tipped together along oneedge, very fine and an interesting lot. (2)

£60-80

23Johannesburg City and Suburban Tramway Co.Ltd., a specimen certificate for 5 shares of £1, London189-, printed by Blades, East & Blades, large formatpiece with horse drawn tram at top, street scene atbottom, ornate border, blue and black with pinkunderprint, with coupons, almost extremely fine andscarce.

£100-120

24Commercial & Agricultural Bank of Natal, 5 sharesof £5, third issue, Durban 186[5], no.12147-12151,arms and stylised dophins at left, black on grey-greenpaper, numerous endorsements on face regardingrepayment of shares, ragged bottom edge and tear at topedge, fine to very fine.

£80-100

SENEGAL

x21S.A. Agricole de Sébikhotane (Sénégal), 50 francordinary share, Schaerbeek-Bruxelles 1899, no.2496,very attractive piece with farmhouse, cattle, horses andworkers at bottom, steam ploughs at top, green andyellow, with coupons, extremely fine.

£80-100

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26French Rand Gold Mining Co. Ltd., a group ofcertificates for 25 shares of £1, 190[2], consecutivelynumbered 1256 through 1266 and 1276 and 1301,very attractive piece with female head at top, ornateborder, blue and black, printed by Waterlow & Sons,with coupons, very fine to extremely fine. (13)

£120-150

27Kimberley Imperial Gold Mining Company Ltd., agroup of 4 certificates for £1 shares, Kimberley188[7], numbers A2893-6, issued to Alfred Beit andsigned by Siegfried Neumann as director, ornateborder, blue, Cape of Good Hope revenue stamps onreverse, good very fine but two with small ink stains. (4)

£80-100

Floated in September 1886, owned 60 claims, about 40miles east of Barberton.

28Nationale Boeren Handels Vereeniging, certificatefor one share of £10, Pretoria 18[84], no.1652, smallarms at top, black, red endorsement at left, very fineand scarce Dutch language certificate.

£60-80

x25The Union Bank, £5 shares, Cape Town 18[88],no.181, ornate border, black, adhesive revenue stampson reverse, tiny spot marks at bottom left, very fine;,together with City Steam Laundry Co. Ltd., £5shares, Cape Town 18[78], black; English BreweryCo. Ltd., £3 share, 1861, no.374, black, and, Cape ofGood Hope Food Supply Association Ltd., 1 share,188[2], no.315, black, and Malmesbury SteamTransport Co. Ltd., £10 share, 187[1], no.206, black,printed in Malmesbury, together with other SouthAfrican certificates, Bot River Motor Transport &Trading Co. Ltd., 192[47]; Deer Park Ltd., £1 shares,19[02], and other countries (14), fine to very fine, afew are laminated. (21)

£80-100

Established in Cape Town in 1847. Failed in 1890.

27

9



31Treasury Gold Mines Ltd., a specimen 6% debenturefor £100, London 1898, from the Bradbury,Wilkinson & Co. archive, allegorical figures at top, redand black, with coupons, good very fine.

£60-80

32Turffontein Gold Mining Co. Ltd., £1 vendor’sshares, Johannesburg 18[87], no.0284, issued to E.J.Pullinger and signd by him on the reverse, alsosigned by J. Pullinger as a director, ornate border,black, very fine.

£60-80

TUNISIA

33Credit Foncier de Tunisie, ‘titre de privelage’, circa1890, no.3544, attractive piece with large buildingbottom centre, Arab smoking a long pipe at left, girlcarrying water jug at right, signed by the artist LouisPoyet, black, blue underprint, about extremely fine.

£80-100

29Rietkuil Gold Mines Ltd., a specimen certifcate for 5shares of £1, London 189-, from the Bradbury,Wilkinson & Co. archive, cherub at top, ornateborder, red and black, with coupons, annotation attop, regarding different colour underprints, good veryfine.

£60-80

30St. Augustine’s Diamond Mine Ltd., certificate for£1 shares, 188[9], no.5601, black, together withother African Mining certificates comprising; CollisDiamond Syndicate Ltd, 190[6] (3 examples); NewTransvaal Gold Farms Ltd, 1905 (4); TransvaalInhambane Oil Wells Ltd, 19[05]; RoodepoortUnited Main Reef Gold Mining Co. Ltd, 189[9]; NewInkerman Mines Ltd, 19[01]; Western Rand EstatesLtd, 19[16] (4 examples); Sabie (Transvaal) GoldMining Co. Ltd, 192[5]; Marlu Gold Mining AreasLtd, 19[34]; British South Africa Company, [1960];Simmer Deep Ltd, 190[7]; Bibiani Ltd, 190[9];Kenya Consolidated Goldfields Ltd, [1936]; GoldCoast Rubber and Mahogany Estates Ltd, 19[10];Prestea Block A Ltd, [1917]; Nigerian Base MetalsCorporation Ltd, 19[29]; West African MahoganyCo. Ltd, 19[34]; Broomassie Mines Ltd, 19[10];Akrokerri (Ashanti) Mines Ltd, [1908]; various optioncertificates (5), generally fine to very fine, some better.(36)

£120-150

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39A small collection of Egyptian certificates (15),comprising Chemins de Fer de la Basse-Egypte, 3different certificates, 500 franc preference shares 1896and 1912 and dividend share 1896; Soc. Generale desSucreries et de la Raffinerie d’Egypte, founders share,Cairo 1897; Soc. Nationale de Transport et deTourisme “Karnak”, E£4 share, 1946, vignette ofmonument at top; Monts-de-Piete Egyptiens, 625franc share, Paris 1934; Credit Foncier Egyptien, 250franc bond, Cairo 1911; S.A.Egyptienne Carba, E£4share, 1949; Co. Generale Egyptienne des Petroles“COGEP”, 1940; Soc. Egyptienne D’AmeublementKrieger, Cairo 1923; Egyptian Perla Marble Co.,Cairo 1931; Modern Buildings, specimen for 25shares, Alexandria 1945; Comptoir Financier etCommercial d’Egypte, provisional certificate and Soc.Belge-Egyptienne de L’Ezbekieh, ordinary andpreference shares of 500 francs, 1899, generally veryfine to extremely fine. (15)

£60-80

40A small collection of British financed companies inEgypt, comprising Egyptian Commercial and tradingCo. Ltd., 1865; Bank of Egypt Ltd., 1902; EgyptianEnterprise and development Co., 1906; EgyptianCotton Mills Ltd., 1900; Egyptian ImprovementsCorporation, 1906; Commercial and EstatesCompany of Egypt Late S. Karam & Freres, 1904, andLand Bank of Egypt, founders share, 1905 and anunissued ordinary share, circa 1905, mostly decorativepieces, some with coupons, generally very fine, somebetter. (8)

£100-120

41Agricultural Bank of Egypt, SPECIMEN certificatefor £10 preference share, 1904, no number, attractivepiece with vignette in centre of title depictingagricultural workings, ornate border, green and black,printed by Bradbury Wilkinson & Co., with coupons,extremely fine.

£60-80

34Credit Foncier de Tunisie S.A., ‘titre de privilege’,no.27, ornate border, vignettes of native men andwoman, building in centre, black with blueunderprint, together with other pieces from frenchnorth Africa; S.A. Des Mines de Plomb & de Zincdu Djebel Oudiba, 100 franc share, 1924,no.008916, brown and green, with coupons, Societedes Mines de Guelma, 250 franc share, 1905,no.0982, blue, with coupons, Societe du Gazd’Alcool & des Distilleries du Sahel S.A., 100 francpreference share, 19[10], no.0830, ornate border,brown, with coupons, and Societe Algerienne deMateriel Agricole, 100 franc share, 1925, no.17820,ornate illustrated border, blue and green, withcoupons, the first with tear at bottom edge, otherwisevery fine. (5)

£100-120

MIDDLE EASTx35Certificates from the Middle East (3), comprisingJewish Colonial Trust Ltd., one share, 1[903], 4vignettes in each corner, tear at top edge; Governmentof Morocco, 4% Loan, 1914, bond for 500 francs,large format piece with vignettes around border ofancient buildings, and, Soc. Egyptienne de CimentPortland Tourah-Le Caire, 10 shares, 1927, verypretty piece with Egyptian motifs and winged bird attop, multicoloured, generally very fine. (3)

£60-80

EGYPT36Egyptian Ministry of Finance, a sole bill of exchangefor 97,500 piastres, 2nd January 1864, payable on the1st April 1865, large format, text in French, Arabicand English, signed by the Minister of Foreign Affairsin Cairo, black on grey paper, endorsements onreverse, an excellent example of Egyptian short termborrowing, very fine.

£80-100

37Egyptian Ministry of Finance, a sole bill of exchangefor 195,000 piastres, 5th January 1864, payable on the1st April 1865, large format, text in French, Arabicand English, signed by the Minister of Foreign Affairsin Cairo, black on grey paper, endosed on reverse, anexcellent example of Egyptian short term borrowing,very fine.

£80-100

38Egyptian Ministry of Finance, a sole bill of exchangefor 77, 150 piastres, 2nd January 1864, payable on the1st August 1865, large format, text in French, Arabicand English, signed by the Minister of Foreign Affairsin Cairo, black on grey paper, endorsements onreverse, an excellent example of Egyptian short termborrowing, very fine.

£80-100

11



44Egyptian Delta Land and Investment Co. Ltd., agroup of three specimen bearer warrants for 5, 25 and50 shares of £1 each, from the Bradbury, Wilkinson &Co. archive, 19- (annotation for 1906), ornate border,blue, brown and red respectively, numbered 00000,with coupons, extremely fine. (3)

£80-100

45Egyptian Estates Ltd., a set of 4 certificates for 10,25, 50 and 100 ordinary shares of £1, 19[05] or19[06], camels and riders at bottom, Khedive at topleft, orange, pink, brown and blue respectively, withcoupons, fine to very fine. (4)

£80-100

42Bank of Egypt Ltd., £25 shares, 190[6], no.4308;together with Egyptian Estates Ltd., 2 certificates fordeferred shares, 190[5] and [6], ornate borders, raretype; Egyptian Estates Ltd., 100 shares of £1, 19[06],vignettes of camels and riders and the Khedive; SuezOil Co (1915) Ltd., 10/- shares, 19[20], printed byWaterlow & Sons; and other world certificates (85)including Australia, Brilliant Block Gold Mining Co.Ltd., 1914; Consolidated Gold Fields of South AfricaLtd., 1948 and Burma Mines Development andAgency Ltd., 1905, some duplication, mainly veryfine. (90)

£150-200

43Boulangerie Mecanique Hygienique d’Egypte, 100franc share, Alexandria 1899, no.4591, very attractivepiece with workers in field, river boat and well, brown,with coupons, together with other French financedEgyptian companies (4), comprising Soc. Gen. desSucreries et de la Raffinerie d’Egypte, 1897; Soc.Fonciere du Domaine de Cheikh Fadl, 1938; Soc.Cooperative de Consommation des Fonctionnaires duGouvernement, 1910 and Soc. Egyptienned’Entreprises Urbaines & Rurales, 1905, cancelled,very fine and better. (5)

£80-100

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x48Societe Fonciere du Domaine de Cheikh Fadl, aseries of certificates comprising 1 share of £4, 1938(14), 1945 (1), 5 shares of £4, 1938 (10), large formatwith agricultural scenes and workers with camel, greenand yellow respectively, with coupons, mostlyperforated cancelled, generally very fine and better.(25)

£60-80

49S.A. des Tramways du Caire, 10 ‘parts sociales’,Brussels 1968, no.53851-53860, ornate border,brown, blue underprint, with coupons, extremely fine.

£60-80

50Sednaoui Zariffa Nahas & Co. Ltd., bearer warrantfor 10 deferred shares of 1/-, 190-, a specimencertificate from the Bradbury, Wilkinson & Co.archives, vignette of palm trees and pyramid, text inEnglish and French, red and black, with coupons,printers annotation for 1907 at top edge, small inkmark at top left edge, extremely fine.

£60-80

46Fayoum Light Railways Co., 4% debenture for £20,Cairo 1899, steam train at bottom stylised bird at top,Egyptian figures at sides, green, with coupons,together with other transport related pieces (4)comprising Chemins de Fer de la Basse-Egypte 500francs share 1896, another dated 1912 and a 250 francbond dated 1934, S.A. des Tramways du Caire, 1927,generally very fine and better. (5)

£60-80

47Fayoum Light Railways Co., a group of 5 x 4%debentures for £20, Cairo 1899, steam train at bottomstylised bird at top, Egyptian figures at sides, green,with coupons, generally very fine and better. (5)

£100-120

13



54Société Immobilière Ottomane de Constantinople,5 lira founder share, Constantinople 1914, no.15607,lovely vignette of the Bosporus Strait with boats andcityscapes either side, column style border, navy blueand yellow, with coupons, almost extremely fine.

£150-200

PALESTINEx55Anglo-Palestine Co. Ltd., £1 shares, 19[13],no.1784, scrollwork at left, black, red paper seal,together 2 Government of Palestine bonds for LP10,1946, red-brown and yellow, with coupons, the firstcut cancelled through seal and signatures, and a littlediscoloured to the right, very fine. (3)

£60-80

56Anglo-Palestine Co. Ltd., bearer warrant for [5]ordinary shares of £1, 19[28], no.6823, black, text inEnglish and Hebrew, red paper seal, with coupons,together with a Government of Palestine, £10 bond,4th issue, Jerusalem 1946, red-brown, yellowunderprint, with coupons, very fine and extremely fine.(2)

£80-100

57Bank Le Credit Gomleen Cooperative Society Ltd.,certificate for one share of 5 Palestine pounds, 193[3],no.1212, ornate border, text in English and Hebrew,brown, extremely fine.

£60-80

OTTOMAN EMPIRE51Chirketi-Hairiéi-Hamidie, S.A. OttomanePrivilégiée de Navigation a Vapeur, one share ofLT5, 1906, no.4530, large format ornate border,green with pink underprint, text in Arabic and French,with coupons; together with a provisional certificatefor 5 shares, also 1906, different design, the last withbottom right corner torn away otherwise very fine. (2)

£60-80

52Droguerie Centrale D’Orient, certificate for 5founders shares, Constantinople 1925, no.1856-60,large format piece with ornate borders, poppies at leftand right, green and black, text in French and Arabic,with coupons, good very fine.

£60-80

53Ottoman Company Ltd., a group of 12 certificatesfor one share of £20, London 1865, lovely vignette ofcamel and rider with goods standing by palm tree,black, printed by Bradbury, Wilkinson & Co., very fineto extremely fine. (12)

£150-200

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59Jewish Colonial Trust, certificate for £1 ordinaryshares, [1922], no.101307, ornate border, vignettes ineach corner depicting worshipers, workers at dock,factory workers and farming scene, underprint of mapof Palestine, red paper seal at bottom left, blue, blackand brown, stamp cancelled, a little brittle, extremelyfine.

£60-80

60Zerubabel Bank, Cooperative Society Ltd.,debenture for 5 Palestine pounds, 1932, no.7275,ornate border, red paper seal bottom right, black andgreen, text in English and Hebrew, extremely fine.

£60-80

SYRIA

61Société Foncière de Syrie, 3000 franc share, notdated but circa 1952, no.055064, very attractive piece,vignettes within border of various town scenes,architectural details and vines, green and black,embossed stamp to left side, with coupons, extremelyfine.

£200-250

x58‘Hermon’, Soc. Industrielle et Agricole enPalestine, 100 franc share, Paris 1906, no.0704,attractive piece with ox and plough in centre, femaleseither side carrying fruit and wine jug, brown andyellow, with coupons, good very fine and scarce.

£80-100

15


66A collection of Chinese Government bonds,comprising 1898, £50, German, £100 English;Shanghai-Nanking Railway, 1903, £100, with netprofit sub-certificate series D; 1903 ‘EmpruntChinois’, 500 francs, dated 1905; 1908 Gold Loan,£20, French; Tientsin Pukow Railway, 1908, German,£100 and 1910, German, £20 and £100, also 1938,£12 bond; Hukuang £20, French, £100 English; 1912Gold Loan, £20 and £100; 1914, Industrial loan;Lung Tsing U Hai Railway, 1913, £20, 1920, 500francs, 1921, 500 francs, 1923, 500 francs, 1925, 500francs, and Dutch loans, 1920 and 1923, each for1000 florins; 1919 ‘Vickers’ £100; 1922 RailwayEquipment Loan, £20; 1925 ‘Skoda’, £5 and £100;1936 Shanghai Hangchow Ningpo, £50, togetherwith Russian 1902 Boxer indemnity loan, 2000 marks,Banque Industrielle de Chine, 1919, and others (3),generally very fine. (32)

£400-600

67A group of Chinese and other bonds (16),comprising Canton Kowloon, 1907, £100; HukuangRailway, 1911, £100, HSBC; 1908 Tientsin PukowRailway, £100, English; 1910 Tientsin PukowRailway, £10, English; 1898, Gold Loan, £100,HSBC and £100 DAB; 1912 5% Gold ‘Crisp’ loan,£100; 1919 Vickers Loan, £100; Shanghai NankingRailway, 1907, £100; 1925 Boxer Loan, $50; LungTsing U Hai Railway, 1913, £20, and other nonChinese (5) including Russia, Consolidated Railroadloan, series 1, 3125 roubles, mostly very fine and better.(16)

£500-600


62A small group of Chinese bonds, comprising 1912Gold Loan, £100; 1913 lung Tsing U Hai Railway,£20 (2 examples); Lung Tsing U Hai Railway, 1915,500 francs; 1922 Railway Equipment Loan, £20 (2examples), and 1936 Shanghai Hangchow NingpoRailway, £50, generally very fine. (7)

£150-200

63A group of Chinese certificates (7), comprising 41⁄2% Gold Loan of 1898, £25, Deutsch-Asiatische Bankissue, red; 5% Tientsin-Pukow Railway SupplementaryLoan, bond for £100, 1911, English, green; 5%Hukuang Railways Sinking Fund Gold Loan of 1911,£100, German issue, red; 1912, Gold Loan, £20;1922 Railway Equipment Loan; 1912 Public Loan, 10yuan and Banque Industrielle de Chine, 500 francs,1919, generally very fine. (7)

£150-200

64A small collection of Chinese bonds (9), comprisingShanghai-Nanking Railway, £100, 1907; HukuangRailways, £100, German issue; 1912 Gold Loan,£100; 1914 Industrial Loan, 500 francs; 1922 RailwayEquipment Loan; 1923, Lung Tsing U hai Railway,1000 gulden, and others (3), mixed condition,generally fine to very fine. (9)

£180-220

65A small collection of Chinese bonds, comprising1898, £25 and £100, German issue; 1907 CantonKowloon, £100; Hukuang, £20, French (2 examples);1912 5% Gold Loan, £20 and £100, and other minorpieces (5), mixed condition but generally fine to veryfine. (12)

£200-300

ASIA

CHINA

COLLECTIONS AND LOTS

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GOVERNMENT BONDS


70

711898, 41⁄2% Gold Loan, £25 bond, no.000508,issued by the Hongkong and Shanghai BankingCorporation, large format, ornate border, red andblack, red chop in centre, with coupons, couple of smallnicks at left edge otherwise good very fine and muchbetter condition than usual.

£200-300

681895 4% Gold Loan, bond for 500 francs,no.396742, issued in St.Petersburg, ornate border,brown, black and yellow, red ‘chop’, no coupons, 5large cancellation holes as normal, centre creasing andslightly uneven left hand border otherwise good fine.

£250-300

691895 4% Gold Loan, bond for 500 francs,no.038377, issued in St.Petersburg, ornate border,brown, black and yellow, red ‘chop’, no couponsremain, 5 large cancellation holes as normal, small inkstains, good fine.

£250-300

701898 41⁄2% Gold Loan, £25 bond, no.001051, issuedby Hongkong and Shanghai Banking Corporation,large format, ornate border, red and black, red chop incentre, with coupons, small piece missing right borderand top edge otherwise very fine.

£15-200

17



73

751898, 41⁄2% Gold Loan, bond for £500, no.001277,issued by the Hongkong and Shanghai BankingCorporation, large format, ornate border, purple andblack, red chop in centre, with coupons, some edgetears to left side, body and colour still strong, about veryfine.

£400-500

721898, 41⁄2% Gold Loan, £50 bond, no.000919,issued by the Hongkong and Shanghai BankingCorporation, large format, ornate border, orange andblack, red chop in centre, with coupons, couple ofrepaired tears at left edge but generally in better thanaverage condition, very fine.

£200-300

731898, 41⁄2% Gold Loan, £50 bond, no.000918,issued by the Hongkong and Shanghai BankingCorporation, large format, ornate border, orange andblack, red chop in centre, with coupons, couple ofrepaired tears at left edge, very fine and better thanaverage for this issue.

£200-300

741898 41⁄2% Gold Loan, a group of 26 bonds for£100, issued by the Hongkong and Shanghai BankingCorporation, large format, ornate border, brown andblack, red ‘chop’ bottom centre, with coupons, mixedcondition but many are fine to very fine. (26)

£600-800

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781898, 41⁄2% Gold Loan, unissued £50 bond from thereserve stock, Deutsch-Asiatische Bank issue, largeformat, ornate border, orange and black, notnumbered, no red chop in centre, with all coupons,extremely fine and scarce.

£300-400

791898 41⁄2% Gold Loan, bond for £50, issued by theDeutsch-Asiatische Bank; together with 1925 ‘Skoda’Loan, bonds for £10, £50 and £100, all with coupons,the first fine to very fine, the others all with conditionproblems, fine and better. (4)

£100-120

761898, 41⁄2% Gold Loan, unissued £25 bond from thereserve stock, Deutsch-Asiatische Bank issue, largeformat, ornate border, red and black, not numbered,no red chop in centre, with all coupons, extremely fineand scarce.

£300-400

771898 41⁄2% Gold Loan, a group of 10 bonds for £25,issued by the Deutsch-Asiatische Bank, large format,ornate border, red and black, red ‘chop’ bottomcentre, with coupons, a generally better than averagelot with many very fine. (10)

£200-300

19



811899, Chinese Imperial Railway 5% Gold Loan,bond for £100, no.07204, large format with ornateborder, text all in English, red chop in centre, brownwith pale blue underprint, with coupons, lightcreasing, very fine.

£120-150

821902 4% Russian State Loan, Chinese BoxerIndemnity, a small group of bonds for 500 roubles(5), 1000 roubles (3), 2000 roubles (4), 5000 roubles(1), all with ornate border, multicoloured withRussian eagle top left and Chinese dragons top right,most with coupons/talon, fine to very fine. (13)

£120-150

83Shanghai-Nanking Railway, 5% Gold Loan, agroup of 27 bonds of £100, first issue dated 1904,large format, ornate border, red and black, two ‘chops’at bottom, with coupons, a few with tears at edges butmany are very fine and better. (27)

£500-600

84Shanghai-Nanking Railway 1904, set of 5 net profitsub-certificates, printed signature of William Keswick,director of the British and Chinese Corporation Ltd.,black and white with dividend payment stamps onreverse, generally very fine. (5)

£60-80

801898 41⁄2% Gold Loan, a group of 100 bonds for£50, issued by the Deutsch-Asiatische Bank, largeformat, ornate borders, orange and black, red ‘chop’in centre, with coupons, mixed condition but a betterthan average lot, fine to very fine. (100)

£1,000-1,200

81

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86Chinese Imperial Government, Honan Railway 5%Gold Loan, bond for £100, second issue, 1906,no.7409, large format, ornate border, green and blackwith yellow underprint, coupons glued at right edge,shadow of red ‘chop’ at top right, small tear bottom leftcorner, very fine.

£150-180

871907 Canton-Kowloon Railway 5% Gold Loan, agroup of 5 bonds for £100, large format with ornateborder, red and black, printed by Waterlow & Sons,generally very fine. (5)

£300-400

881907 Canton-Kowloon Railway 5% Gold Loan, agroup of 16 bonds for £100, large format pieces withornate borders, red and black, printed by Waterlow &Sons, with coupons, mixed condition but mainly fineand very fine. (16)

£700-900

85“Emprunt Chinois” 5% Gold Loan 1905, unissuedbond for 500 francs, large format piece with ornateborders, dragons at top, green and black, beigeunderprint, with full coupon sheet, centre foldotherwise extremely fine.

£400-500

86

21



901911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 14 bonds of £20, issued by theHongkong and Shanghai Banking Corporation, largeformat, steam train at top, green on black, printed byWaterlow & Sons, all with coupons, mixed conditionbut mostly fine to very fine, some better and one of thescarcer issues of this loan. (14)

£400-500

89Chinese Imperial Government 5% Gold Loan of1908, bond for £20, 1909, no.B096529, vignetteunder title of the Imperial Palace at Peking,countersigned by La Banque de L’Indo-Chine, text inEnglish and French, green and black, withoutcoupons, rough edges where coupons removed, otherwiseextremely fine.

£60-80

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941911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 16 bonds of £100, issued by theBanque de L’Indo-Chine, large format, steam train attop, red and black, printed by Waterlow & Sons, allwith coupons, mixed condition, fine to very fine. (16)

£500-600

951911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 16 bonds of £100, issued by theDeutsch-Asiatische Bank, large format, steam train attop, red and black, printed by Waterlow & Sons, allwith coupons, mixed condition, fine to very fine. (16)

£500-600

961912 5% Gold ‘Crisp’ Loan, bonds for £20 and£100, large format with ornate borders, blue & blackwith yellow underprint and turquoise and blackrespectively, with coupons, both very fine, the lastsomewhat better. (2)

£80-120

971912, 5% Gold ‘Crisp’ Loan, a group of 5 bonds for£100, large format, ornate border, turquoise andblack, with coupons, generally very fine. (5)

£400-500

911911 5% Hukuang Railways Sinking Fund Loan, agroup of 7 bonds for £100, issued by the Hongkongand Shanghai Banking Corporation, large format,steam train at top, red and black, printed by Waterlow& Sons, all with coupons, a good quality lot, good veryfine and better. (7)

£300-400

921911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 15 bonds of £100, issued by theHongkong and Shanghai Banking Corporation, largeformat, steam train at top, red and black, printed byWaterlow & Sons, with coupons, mixed condition,mostly fine to very fine. (15)

£500-600

931911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 16 bonds of £20, issued by theBanque de L’Indo-Chine, large format, steam train attop, green and black, printed by Waterlow & Sons, allwith coupons, mixed condition, mainly fine to very fine.(16)

£300-400

23



1011912 5% Gold ‘Crisp’ Loan, bond for £1000,no.718, large format, ornate border, red and blackwith yellow underprint, red ‘chops’, with coupons,small edge tear at bottom, almost very fine and a niceexample of this scarce high denomination.

£1,500-2,000

1021913 Lung Tsing U Hai Railway, 5% Gold Loan, agroup of 10 bonds of £20, large format, blue andblack, text in French and English, with coupons, somewith edge tears but generally very fine. (10)

£500-600

981912 5% Gold ‘Crisp’ Loan, a group of 12 bonds for£100, large format with ornate borders, turquoise andblack, with coupons, mixed condition, generally fine tovery fine. (12)

£800-1,000

991912 5% Gold ‘Crisp’ Loan, bond for £500no.1456, large format piece with ornate border,brown with pale blue underprint, with coupons, smalltear at bottom edge, almost very fine.

£500-600

1001912 5% Gold ‘Crisp’ Loan, bond for £500,no.1538, large format piece with ornate border,brown and black with pale blue underprint, withcoupons, tear at right edge not affecting designotherwise very fine.

£500-600

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104Province of Petchili, 51⁄2% Gold Loan, 1913, bondfor £20, no.13641, very large format piece withvignette of Chinese shipping with mountains inbackground, brown and black, red ‘chop’ in centre,text in French and English, with coupons (reattachedat bottom), very fine.

£800-1,000

105Province of Petchili, 51⁄2% Gold Loan, 1913, bondfor £20, no.17959, very large format piece withvignette of Chinese shipping with mountains inbackground, brown and black, red ‘chop’ in centre,text in French and English, with coupons (reattachedat bottom), very fine.

£800-1,000

106Province of Petchili, 51⁄2% Gold Loan, 1913, bondfor £20, no.20832, very large format piece withvignette of Chinese shipping with mountains inbackground, brown and black, red ‘chop’ in centre,text in French and English, with coupons, top thirdsomewhat toned and small nick at left edge, very fine.

£600-800

107Province of Petchili, 51⁄2% Gold Loan, 1913, bondfor £20, no.21061, very large format piece withvignette of Chinese shipping with mountains inbackground, brown and black, red ‘chop’ in centre,text in French and English, with coupons, wear at fold,about very fine.

£800-1,000

1031913, Lung Tsing U Hai Railway 5% Gold Loan,a duplicate £20 bond, No.B077303, overstamped“Duplicata” in large red letters, issued in exchangefor damaged or lost bond, large format, blue andblack, text in English and French, with coupons, goodvery fine and rare.

£300-400

25



1111913 5% Reorganisation Gold Loan, a group ofbonds for £20 (20), all issued by the Hongkong andShanghai Banking Corporation, orange-brown andblack, with coupons, very fine to extremely fine. (20)

£1,200-1,500

1121913 5% Reorganisation Gold Loan, a group of 24bonds for £20, issued by the Hongkong & ShanghaiBanking Corporation, ‘Mercury’ at top, peasants andbuildings at either side, brown and black, printed byWaterlow & Sons, with coupons, generally very fineand better. (24)

£1,400-1,800

1131913 5% Reorganisation Gold Loan, bond for£100, issued by the Hongkong and Shanghai BankingCorporation, ‘Mercury’ at top, peasants and buildingsat either side, blue and black, printed by Waterlow &Sons, with coupons, near extremely fine.

£300-400

108Chinese Government 5% Reorganisation GoldLoan of 1913, a trio of certificates comprising; bondfor £100, no.795535, blue and £20, 1913, no.4870,brown, both countersigned Hongkong and ShanghaiBanking Corporation and £20, no.625480, Russo-Asiatic Bank, all with ornate border, vignette at top ofMercury, all with coupons, very fine to extremely fine.(3)

£400-500

1091913 5% Reorganisation Gold Loan, a group of 5 x£20 bonds issued by the Hongkong & ShanghaiBanking Corporation, ‘Mercury’ at top, peasants andbuildings at either side, brown and black, printed byWaterlow & Sons, with coupons, one with minor edgetear, very fine and better. (5)

£300-400

1101913 5% Reorganisation Gold Loan, a group ofbonds for £20 (15), all issued by the Hongkong andShanghai Banking Corporation, orange-brown andblack, with coupons, generally very fine to extremelyfine. (15)

£900-1,200

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1211913, 5% Reorganisation Gold Loan, bond for£100, countersigned by the Deutsch-Asiatische Bank,ornate border, Mercury at top, city view and peasantsat either side, blue and black, printed by Waterlow &Sons, with coupons, good very fine.

£300-400

1221913 5% Reorganisation Gold Loan, £100 bondissued by the Deutsch-Asiatische Bank, no.884828,‘Mercury’ at top, peasants and buildings at either side,blue and black respectively, printed by Waterlow &Sons, with coupons, good very fine but small red inkmark in top margin.

£300-400

1231913 5% Reorganisation Gold Loan, £100 bondissued by the Deutsch-Asiatische Bank, no.884829,‘Mercury’ at top, peasants and buildings at either side,blue and black respectively, printed by Waterlow &Sons, with coupons, good very fine.

£300-400

1241913 5% Reorganisation Gold Loan, a group ofbonds for £100 (5), all issued by the Deutsch-Asiatische Bank, blue and black, with coupons, veryfine to extremely fine. (5)

£1,500-2,000

1141913 5% Reorganisation Gold Loan, a pair of £100bonds issued by the Hongkong & Shanghai BankingCorporation, ‘Mercury’ at top, peasants and buildingsat either side, blue and black, printed by Waterlow &Sons, with coupons, both with tear at bottom rightcorner, very fine. (2)

£500-600

1151913 5% Reorganisation Gold Loan, a group ofbonds for £100 (5), all issued by the Hongkong &Shanghai Banking Corporation, blue and black, withcoupons, very fine to extremely fine. (5)

£1,500-2,000

1161913 5% Reorganisation Gold Loan, a group ofbonds for £100 (5), all issued by the Hongkong &Shanghai Banking Corporation, blue and black, withcoupons, very fine to extremely fine. (5)

£1,500-2,000

1171913 5% Reorganisation Gold Loan, a group ofbonds for £100 (5), all issued by the Hongkong &Shanghai Banking Corporation, blue and black, withcoupons, one torn at bottom, very fine or thereabouts.(5)

£1,200-1,500

1181913 5% Reorganisation Gold Loan, a group of 21bonds for £20, issued by the Banque de L’Indo-Chine, ‘Mercury’ at top, peasants and buildings ateither side, brown and black, printed by Waterlow &Sons, with coupons, generally very fine and better. (21)

£1,200-1,500

1191913 5% Reorganisation Gold Loan, a group of 22bonds for £20, issued by the Deutsch-Asiatische Bank,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, a nice lot, generally good very fine or better.(22)

£1,200-1,500

1201913, 5% Reorganisation Gold Loan, bond for£100, countersigned by the Deutsch-Asiatische Bank,ornate border, Mercury at top, city view and peasantsat either side, blue and black, printed by Waterlow &Sons, with coupons, very fine to extremely fine.

£300-400

27



1281913 5% Reorganisation Gold Loan, a group of 5£20 bonds issued by the Russo-Asiatic Bank,‘Mercury’ at top, peasants and buildings at either side,green and black, printed by Waterlow & Sons, withcoupons, one with small cut and another with smalltears at bottom edge, very fine and better. (5)

£300-400

1291913 5% Reorganisation Gold Loan, a group of 18bonds for £20, issued by the Russo-Asiatic Bank,‘Mercury’ at top, peasants and buildings at either side,green and black, printed by Waterlow & Sons, withcoupons, generally very fine, some better. (18)

£1,000-1,500

1301913 5% Reorganisation Gold Loan, a group of 5receipts for repayment of coupon payable 1914,attached to original coupon for 5 bonds numbered081535-081539, small format, black on pale greenpaper, French adhesive duty stamps, red ‘chop’ atbottom, very fine and very rare with original coupon.

£60-80

1251913 5% Reorganisation Gold Loan, a group ofbonds for £100 (5), all issued by the Deutsch-Asiatische Bank, blue and black, with coupons, veryfine to extremely fine. (5)

£1,500-2,000

1261913 5% Reorganisation Gold Loan, bond for £20,issued by the Russo-Asiatic Bank, Mercury at top,farmers and traditional Chinese building at either side,green and black, printed by Waterlow & Sons,together with Banque Industrielle de Chine, 500 francshare, 1913, capital 45,000,000 francs, dragons at top,chinese dogs at bottom with panoramic view of theCity, yellow and black, with coupons, both very fine toextremely fine. (2)

£80-100

1271913 5% Reorganisation Gold Loan, a group of 14bonds for £20, issued by the Russo Asiatic Bank,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, fine to very fine, some better. (14)

£800-1,000

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1331914 5% Gold ‘Industrial’ Loan, unissued bond for500 francs from the reserve stock, large format,vignettes of railways, station and bridge, brown,yellow underprint, with all coupons from 1934, notnumbered, good extremely fine.

£150-180

1341918 8% Treasury ‘Marconi’ Bill, £100 bond,no.000724, ornate border, red and black, yellowunderprint, on poor quality paper, one of the bestcondition pieces the cataloguer has seen with just a smallsplit at bottom left along a single fold.

£80-100

131Chinese Central Government, 1913 6% ‘Austrian’Loan, bond for £100, no.10215, large format piecewith ornate border, green and black, red ‘chop’ incentre, with coupons, heavy centre fold which hasseparated and been repaired sometime in the past,sellotape remains, top edge a little ragged, fair to fineand scarce.

£600-800

1321914 5% Emprunt Industrielle, unissued provisionalcertificate for 500 francs from the reserve stock, ornateborder, blue and beige, with 1914 500 francs bonddated 1914, 1914 issued bond trimmed, reserve stock,extremely fine and rare.

£80-100

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1391919 8% 10 Year Sterling Treasury Notes ‘VickersLoan’, a group of 7 bonds for £100, vignette ofdockside at top, ornate border, green, with coupons,generally very fine. (7)

£200-250

1401919, 6% Two-Year Secured Gold ‘Chicago Bank’Loan, $1000 bond, no.815, vignette of Pagoda attop, orange and black, printed by the American BankNote Co., with coupons, ragged edge at right wherecoupons removed, good very fine

£400-500

1351918, 8% ‘Marconi’ Treasury Bill, £100 bond,no.364 of only 1500 issued, ornate border, red andblack, yellow underprint, on poor quality paper,coupons removed and re-attached, very minor split atfold, good very fine and much better than usualcondition.

£80-100

1361918, 8% ‘Marconi’ Treasury Bill, £500 bond,no.1809 of only 500 issued, ornate border, red andblack, yellow underprint, on poor quality paper,coupons removed and re-attached, several splits atedges and folds, fine

£150-200

1371918, 8% ‘Marconi’ Treasury Bill, £1000 bond,no.2049 of only 200 issued, ornate border, red andblack, yellow underprint, on poor quality paper,coupons removed and re-attached, repaired tear atbottom right, further edge tears, fine and rare.

£250-300

1381919 8% 10-Year Sterling Treasury Notes ‘VickersLoan’, set of bonds for £100, £500 and £1000,vignette of dockside at top, ornate border, green, blueand brown respectively, all with coupons, generallyvery fine. (3)

£300-400

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x1431925 5% Gold ‘Boxer’ Loan, a group of 20 bondsfor US $50, ornate border, brown, yellow underprint,text in English and French, with coupons, a handfulwith edge nicks, generally very fine to extremely fine.(20)

£150-200

1441925 5% Gold ‘Boxer’ Loan, a group of 22 bondsfor $50, ornate border, brown and yellow, withcoupons, mixed condition, generally about very fineand better. (22)

£200-250

1451925 5% Gold ‘Boxer’ Loan, a group of 150 bondsfor $50, ornate border, brown and yellow, withcoupons, mixed condition, many very fine and better.(150)

£1,000-1,200

1411920 Lung Tsing U Hai Railway, 8% Loan, agroup of 9 bonds of 1000 florins, steam train andbridge at top, orange-brown, green and red, withcoupons, very fine to extremely fine. (9)

£250-350

1421923 Lung Tsing U Hai Railway, 8% Loan, agroup of 10 bonds of 1000 florins, steam train andbridge at top, green and red, with coupons, a couplewith rust marks, good very fine, the remainder extremelyfine. (10)

£300-400

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1491925 8% ‘Skoda’ Loan, bond for £500, no.0020970,ornate border, orange and black, ‘chop’ in centre, withcoupons, about extremely fine.

£200-300

1461925 8% ‘Skoda’ Loan, bond for £5, no.0002602,inverted ‘No.’, ornate border, brown blue and black,chop in centre, with coupons, about extremely fine withrare error.

£300-400

1471925 8% ‘Skoda’ Loan, a group of 10 bonds for £50,ornate border, green and black, ‘chop’ in centre, withcoupons, a couple with edge tears but generally very fineto extremely fine. (10)

£250-350

1481925 8% ‘Skoda’ Loan, a group of 7 bonds for £100,ornate border, brown and black, ‘chop’ in centre, withcoupons (some detached), some with edge tears butgenerally very fine to extremely fine. (7)

£200-250

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1511934 6% Sterling Indemnity (Boxer) Loan, bondfor £50, no.0140, ornate border with vignette of SunYat Sen at top, blue, brown and black with greenunderprint, with coupons, spike hole at top left, goodvery fine.

£150-180

1501925 8% ‘Skoda’ Loan, bond for £1000,no.0026678, ornate border, red and black, ‘chop’ incentre, with coupons, tear on adhesive label at topright, extremely fine.

£200-300

33



1531937 Secured Sinking Fund Bond (PacificDevelopment Loan), for US$1000, no.M2455,pagoda at top, blue and black, with coupons, ABNCo.printing, with certificate attached to denote Americandomicile, extremely fine.

£400-500

1521934 6% Shanghai Hangchow Ningpo RailwayCompletetion Loan, bond for £100, no.000526,large format, Sun Yat Sen top right, ornate border,blue, green, brown and black, text in English andChinese, with coupons, centre fold otherwise aboutextremely fine.

£80-100

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RAILWAYS

156South Manchuria Railway Company, 4.3% Loan,bearer bond for 100 yen, 1925, ornate border, blackand blue with orange underprint, with coupons,extremely fine.

£60-80

157South Manchuria Railway Company, bearer bondfor 250 yen, circa 1935, no.33042, ornate border,vignette of the worlds first streamlined train atbottom, purple and black, extremely fine.

£60-80

MUNICIPAL LOANS

154Shanghai Municipal Council, 6% Loan of 1926,debenture for 100 taels, no.D17392, ShanghaiCouncil buildings in centre, ornate border, yellow andblack, printed by Waterlow & Sons, endorsement ofconversion to Chinese currency in 1943, good veryfine.

£80-100

155Shanghai Municipal Council, 6% Loan of 1926,debenture for 100 taels, no.D19140, ShanghaiCouncil buildings in centre, ornate border, yellow andblack, printed by Waterlow & Sons, endorsement ofconversion to Chinese currency in 1943, good veryfine.

£80-100

35


160Hongkong Engineering & Construction Co. Ltd.,a group of 20 certificates of $2 shares, fully paid, all19[38], ornate border, black, ‘1938 ISSUE’ in topmargin, stamped cancelled in red, generally extremelyfine. (20)

£200-300

161Oriental Bank Corporation, a pair of certificates,both for one £25 share, 18[57], no.4327 and 18[66],no.54965, scrollwork to left and Royal Coat of Armsat top, embossed seal, black, both extremely fine. (2)

£150-180

162Russian investment in China, S.A. Miniere desAimaks de Touchetoukhan et de Tsetsenkhan enMongolie, 50 rouble share, St.Petersburg, 1911,Chinese text at right, Russian at left, black and yellow,with coupons, together with Banque Russo-Asiatique,187.50 roubles share, 1911, 3 examples, brown, pinkand black, with coupons, the first with small nicks atbottom edge, very fine and better. (4)

£60-80


158Hongkong & Shanghai Hotels Ltd., 7.50 dollarshares, 193[2], no.12735, arms in centre, blue, capitaloverprnted in red, perforated cancelled, printed byWaterlow & Sons, together with a similar piece butprinted in green by De La Rue and dated 1969 and ashare in Hongkong Engineering & Construction Co.Ltd., 1934, the last with dark surface marks, the last twoare mounted ready to frame otherwise good very fine, thefirst scarce. (3)

£60-80

159Hongkong Engineering & Construction Co. Ltd.,a group of 18 certificates of $2 shares, 25 cents paid,all 19[34] to 19[36], ornate border, red, ‘1931ISSUE’ in top margin stamped cancelled in red,generally extremely fine. (18)

£200-300

CHINA AND HONG KONG COMPANIES

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165Shanghai Land Investment Co. Ltd., a group of 10certificates for 5 tael shares (overprinted 5 HK dollars),all 19[31] full height vignette of Chinese workmanpainting a house at the top of a ladder, brown, inkcancelled, very fine to extremely fine. (10)

£200-300

166Shanghai Power Company, first mortgage 51⁄2%debenture, printed denomination, C$1,000, [1935],no.R12360, vignette of Shanghai harbour but withred overprint across the entire view, red and black,printed by the American Bank Note Co., good veryfine.

£60-80

167Shanghai Power Company, first mortgage 51⁄2%debenture, type-written denominations, a groupcomprising C$100, C$400, C$500 and C$1,000,vignette of Shanghai harbour but with red overprintacross the entire view, red and black, printed by theAmerican Bank Note Co., a couple with minor rustmarks, very fine. (4)

£200-250

163Shanghai Electric Construction Co. Ltd., anunissued certificate for 10 shares of £1, no.1688,capital £700,000, electric tram at top left, very ornateborders, red and brown, with coupons, extremely fine.

£60-80

164Shanghai Gas Co. Ltd., certificate for shares of 11HK dollars, 19[70] no.0480, signed by HoraceKadoorie as director, ornate border, black, framedand glazed, together with a very large iron screw presscompany seal, weighing some 20 kilos, attractive goldpainting, very fine. (2)

£80-100

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171Union Electrique D’Indo-Chine S.A., a pair ofcertificates, 100 franc share and founder share withoutpar value, not dated, no.068854 and 04339, orientalstyle border and underprinted map of China, brownand turquoise, and purple and yellow respectively, thefirst has had capital amount amended, both withcoupons, about extremely fine. (2)

£60-80

INDIA

172East India Company, a proof 3% bond for £300, 18-(circa 1840), printed by Perkins, Bacon & Petch,engine turning at left, coat of arms top centre, black,damage at all corners from mounting, creased, fine butvery rare.

£150-200

173India: A series of proof 4% bonds, for £500 and£1000, 1858 and £100, £500 and £1000, 1861,printed by Perkins, Bacon & Co., all with engineturned scrollwork at left, coat of arms at top, black,together with other miscellaneous certificates anddocuments (6) including 2 bills of exchange of theChartered Mercantile Bank of India, London &China, all have damage at corners and edges mainlyfrom prior mounting but an interesting and scarce lot.(11)

£150-200

168Shanghai Telephone Company (Federal Inc.U.S.A.), 31⁄2% cumulative participating preferredstock, 19[47], no.AP00367, ornate border, yellowand black, together with a series A temporaryregistered debenture, Shanghai 1932, green and black,the first with small tear at top edge, the second withseveral edge tears, very fine and fine. (2)

£60-80

169Shanghai Waterworks Company Ltd., certificate for“A” shares of £20 each, London register, 19[51],no.A2233, black, together with certificate for “C”shares of £1 each, London register, 19[46], no.C479,black on green paper, the last with repaired tear atbottom, the first very fine. (2)

£60-80

FRENCH INDO-CHINA

170Banque de Cochinchine S.A., 250 franc share,[1908], no.17703, vignettes of buildings at top,workers harvesting crops at bottom, black on redpaper, together with S.A. CochinchinoiseImmobiliere, 100 franc share to bearer, 1929,no.041281, ornate border, green with yellowunderprint, with coupons, and S.A. D’Exploitationde Phu-Quoc, 100 share to bearer, no.025557,photographic vignettes of coast and farmland, map incentre, black and orange, with coupons, very fine andbetter. (3)

£150-180

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176Bank of Madras, a proof certificate for one share of500 rupees, 18- (circa 1898), scrollwork at left, black,printed by Perkins, Bacon & Co., capital 60,00,000rupees, printer’s pencil annotation in centre for 1898,very fine.

£120-150

JAPAN

177Ville de Tokyo (City of Tokyo), 5% Loan of 1912,bond for 500 francs, no.2999, large format piece withvignette of tree lined river with small sailing vessel,electric tram in left border, power station in rightborder, green and black, printed by Waterlow & Sons,with coupons, slightly grubby left edge otherwise veryfine.

£60-80

174East India Company, a proof 4% debenture for£1000, April 1858, printed by Perkins, Bacon & Co.,scrollwork at top with arms of the company below,black, with coupons, printer’s annotation at bottom,has been professionally backed to support the fragilepaper, small pieces missing at left and a little grubby,fine and very rare.

£80-100

175Bank of Madras, a proof certificate for one share of500 rupees, 18- (circa 1895), scrollwork at left, black,printed by Perkins, Bacon & Co., capital 50,00,000rupees, printer’s pencil annotation in centre, somedamage from mounting at left edge, about very fine

£100-120

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182Semambu Rubber Estates, Ltd., a good pair ofcertificates in American style, both for shares of 10candareens, 191[32], no.1620, and 192[41],no.3155, the restructured capital overprinted in red,both signed by Kadoorie family members asdirectors, attractive vignette of elephant top centre,ornate border, brown and black, printed byColumbian Banknote Co., both about extremely fine.(2)

£80-100

PHILIPPINES

183Compañia General de Tabacos de Filipinas,founders share, Barcelona 1882, no.012660, largevignette depicting allegorical figures with cigars,brown and black, without secretarial signature, withcoupons, extremely fine.

£80-100

178Kawasaki Shipyard Ltd. (Kawasaki Zosen JoK.K.), 10 shares of 500 yen, Taisho 10 (1921),no.17990, signed by Kojiro Matsukata asPresident, a very attractive certificate with vignettes ofsteamships, warships, aircraft, steam engine and motorcar, blue and black, company logo at top, text all inJapanese, rust mark at top right, very fine and scarce.

£200-300

The company was formed by the merger of two shipyardsin 1896. Changed its name to Kawasaki HeavyIndustries in 1939 and traded until it was broken up bythe occupation forces after WWII. Rejoined with two ofits former associated companies in 1969 to become one ofJapan’s leading corporations.

MALAYA179Batu Anam (Johore) Rubber Estates, Ltd., a groupof 3 certificates for 1 tael shares, 19[13], numbers1488, 1492 and 1493, all signed by E. Kadoorie asdirector, yellow brown printing, ink and punchcancelled, very fine. (3)

£80-100

180Cheng Rubber Estates, Ltd., pair of certficates for 1Tael and 10 Candareen shares respectively, 19[24] and19[32], no.536 and no.2382, capital restructureoverprinted in red, both with monogram in centre,ornate border, brown and black, American style,printed by Colombian Bank Note Co., both extremelyfine. (2)

£80-100

181Samagaga Rubber Co. Ltd., 10 candareen shares,Shanghai 19[32] (2 examples), no. 4748 and 4764,both signed by E.S.Kadoorie as director, ornateborder, green and black, extremely fine. (2)

£80-100

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SIAM/THAILAND


186Royal Siamese Government, 4% SterlingConversion Loan, 1936, bond for £100, no.B6026,large format with coat of arms in centre, steam train atleft, workers in field at right, mauve and black, printedby Waterlow & Sons, with coupons, hole cancelled,very fine to extremely fine.

£120-150

184Royal Siamese Government, 6% Sterling Loan,1924, bond for £50, no.A140, very large format withcoat of arms at top flanked bu vignettes of steam trainat left and workers in field at right, brown and black,printed by Waterlow & Sons, red stripes andCANCELLED across face, light staining in left margin,good very fine and scarce.

£150-180

185Royal Siamese Government, 6% Sterling Loan,1924, bond for £100, no.B5105, very large formatwith coat of arms at top flanked by vignettes of steamtrain at left and workers in field at right, red and black,printed by Waterlow & Sons, red stripes andCANCELLED across face, some damp staining, lightfaded, very fine and scarce.

£120-150

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187A small group of Australian and New Zealandcertificates: Leviathan Gold Mine Ltd., warrant tobearer for 20 shares, 1904, no.20, ornate border,brown, with coupons, together with The May QueenHauraki Ltd, certificate for £1 shares, 189[0],no.295, decorative border of columns, black,Standard Exploration Company Ltd., certificate for£1 shares, [1900], no.7838, scrollwork at left, vignetteof Lion drawn carriage under title, mauve, and SocieteForestiere Franco-Australienne, 100 franc share,192[1], no.08451, ornate border, photographicvignettes of felled trees and flock of sheep at bottom,black and yellow, with coupons, all better than veryfine. (4)

£60-80

188A group of Australian certificates, comprisingYarrangobilly Copper Mining Co. Ltd., Lobb’s Hole,Kiandra, 1873; Anaconda Copper & Silver MiningCo. Ltd., 1888; Pinnacle Group Silver Mining Co.Ltd., Silverton, 1888; Rising Sun Silver Mining Co.NL, Broken Hill, 1889; Webb’s Consols Silver MiningCo. NL, Emmaville, NSW, 1889; Broken HillProprietary Block 14 Co. Ltd., 1888; London &Western Australian Investment Co. Ltd., 1899, and,Associated Financial Corporation Ltd., 1901, mostlywith faults of torn corners, staining or well circulated,fine to very fine, a few scarce. (8)

£150-180

189A very nice collection of New South Wales coppermining certificates (11), mostly early 20th century,comprising; Queen Bee Copper Mining Co., 190[8];Queen Bee South Copper Mining Co., 19[07]; CrowlCreek Mining Co., 190[5]; Grafton Copper MiningCo. Ltd., 190[6] and 190[7] (2); GirilamboneCopper Mining Co., 189[8] and 19[01] (2); GreatCobar North Ltd., 19[08]; North Cobar Ltd.,191[4]; Great Cobar Ltd, 19[13] and a specimencertificate, 19-, from the Bradbury, Wilkinson & Co.archive, generally very fine or thereabouts. (11)

£150-200

190A group of Western Australian mining and relatedcertificates (10), comprising; Amalgamated GoldMines Ltd., 190[1]; Associated Northern Blocks(W.A.) Ltd., 19[29]; British Colonial MiningCorporation Ltd., 189[8]; Conglomerate Goldfieldsof Western Australia Ltd., 190[1]; CosmopolitanProprietary Ltd., 190[6]; Cue Consolidated FinanceCompany Ltd., 19[00]; Cue Gold Mine Ltd., 189[6];East Murchison United Ltd., [1899]; Golden LinkConsolidated Gold Mines Ltd., 190[1] and GreatBoulder Main Reef Ltd., 19[05], fine to very fine. (10)

£180-220

191A nice collection of Western Australian goldmining certificates (10), late 19th and early 20thcentury, comprising; Hampton Lands & RailwaySyndicate Ltd., 189[6]; Hannan’s ProprietaryDevelopment Co. Ltd., 1896; Hannan’s Napier GoldCompany Ltd., two pieces, 18[95]; King Solomon’sGold Mines Ltd., two pieces, 1899; Lady Loch GoldMines Ltd., two pieces, [1901] and [1902]; LochMines Ltd., [1905] and London & Western AustralianInvestment Co. Ltd., [1899], generally very fine orthereabouts. (10)

£180-220

192A lovely collection of Western Australian goldmining certificates (11), late 19th and early 20thcentury, comprising; Menzies Ltd., 19[00]; MenziesConsolidated Gold Mines Ltd., 189[8]; Menzies LadySherry Gold Mining Co., 1[902]; Mother O’GoldConsolidated Mines Ltd., Mortgage Debenture,190[1]; North Boulder Gold Mining Co. Ltd.,190[2]; Town Properties of West Australia Ltd.,19[05]; Victorian Mining Co. Ltd., 190[1]; WesternAustralia Development Corporation Ltd., 189[6];Westralia Ltd., 189[8]; Windsor Consolidated (W.A.)Gold Mines Ltd., [1901] and Woodley’s Gold MinesLtd., [1900], share and £1 debenture, also [1900],generally very fine or thereabouts. (11)

£200-250

193A group of Australian mining certificates (12),comprising Brownhill Central Gold Mines Ltd., 1902(2); Golden Link Consolidated Gold Mines Ltd.,1899; Ivanhoe Gold Corporation Ltd., 1907; Joker(Yalgoo) Gold Mines Ltd., 1896, piece missing atbottom right; Kalgoorlie Amalgamated Ltd., 1904;Mother-O-Gold Consolidated Mines Ltd., 1900;Phoenix Gold Mines Ltd., 1899; Standard explorationCo. Ltd., 1900; Westralia Mount Morgans GoldMines Co. Ltd., 1903 and 1905 and WindsorConsolidated (W.A.) Gold Mines Ltd., 1904, togetherwith a £50 First mortgage debenture of the NewZealand Midland Railway Co. Ltd., 1895, some folds,creases and spike holes, fine to very fine. (13)

£200-300

194A group of Broken Hill silver mining certificates(12), with some duplication, comprising; Rising SunSilver Mining Co., £1 shares, 18[88] (5); Rising SunExtended Silver Mining Co., £1 shares, 18[88] (4);Broken Hill South Extended S. M. Co., £1 shares,188[8] and Bonanza Consols Silver Mining Co., twopieces, 5 shilling shares, 18[91], some with small tearsand/or discolouration, generally fine, some better. (12)

£200-300


AUSTRALASIA

AUSTRALIA


43

195A collection of mostly Queensland Gold Miningcompanies (13), late 19th and early 20th centurypieces comprising; North Columbia Extended GoldMining Co. Ltd., 189[8], green/black; Alpine GoldMining Company, 190[7], red and green; AustralasianMining Co. Ltd., 189[5], black; Australian MinesAgency Ltd., share warrant to bearer, 189[6], greenand brown; Balmer’s United Gold Mining Co.,190[6], blue on pink paper; Cumberland Gold MiningCo. Ltd., 188[6], black on blue paper and 189[5],green; East Oriental & Glanmire Gold Mining Co.Ltd., 190[2], red; Etheridge Gold Mining Co. Ltd.,189[2], blue; Hydraulic Gold Recovery Co., 189[4],blue; Irvinebank Mining Co. Ltd., 189[1912], brown;Jubilee Consols Ltd., 189[8], blue and; NorthQueensland Development Syndicate Ltd., 19[04],black, generally fine to very fine, none with majordamage. (13)

£200-300

196Melbourne & Suburban Railway Co., £10 share,18[59], no.10523, an attractive piece with vignette ofsurveyor and a navvy revealing a steam train crossingriver bridge, map of route below, black on thick paper,embossed seal bottom right, good very fine.

£120-150

Built a line from Melbourne City centre to Richmond,Burley and Hawthorn, later extending to Camberwell,Lilydale and Healesville by 1889. Acquired byGovernment controlled Victorian Railways.

197Bank of New South Wales, certificate for one shareof £100 in the name of Samuel Terry, 18[32], no.750,small format piece printed in black on vellum, arms atleft, handwritten endorsement on face, very fine andrare.

£400-500

Founded in 1817. Acquired numerous other banksincluding the City Bank of Sydney in 1918 and WesternAustralian Bank in 1927. Itself absorbed into Westpacin 1982.

198Anchor Tin Mine Ltd., a lovely group of four,comprising; £1 shares, part paid, 190[2], blue on bluepaper; £1 preference shares, fully paid-up, 190[6],blue; £1 preference shares, part paid, 19[09], brownon yellow paper; and 5 shilling ordinary shares, partpaid, 19[09], green, all with ornate border and anchorunder title, all very fine.

£80-100

199Australian Cordillera Gold & Copper Mining Co.,a pair of certificates for 10 and 20 shares of £1, both185[2], decorative title, black, printed on linen, redserial numbers, both good very fine. (2)

£80-100




203Mount Costigan Lead & Silver Mining Co. Ltd., asmall group, £1 shares, 188[8] and 188[9], some withcapital of £37,500 crossed out and revised capital of£75,000 stamped above, fully paid-up, black with pinkunderprint (8), others have capital of 75,000 printed,part paid, overstamped with fully paid-up, black withgreen underprint (11), many have hand stamps on faceand hand written markings, fine to very fine. (19)

£200-300

204Mount Perry Copper Mining Co. Ltd., £1 shares,fully paid-up, 187[3] to 187[5], numbered between1105 and 1267 (14 examples), red, embossed seals,generally very fine.

£200-250

205New Pinnacle Group Silver Mining Co., a group of25 certificates for 10 shilling shares, part paid, 189[7],nos.361-387 (some missing from sequence), maroon(24), and 10 shilling shares, fully paid-up, 189[7],no.5, red, hand stamp at top right (1), generally veryfine and better. (25)

£300-400

206New Victory Tin Mining Company Ltd., £1 shares,188[8], no.22, black with orange underprint, overstamped ‘paid up’ in centre, together with StannaryTin Mining Co. Ltd., £1 shares, part paid, 18[88],no.87, black with red underprint, embossed seal andhand stamp to right side, both about extremely fine. (2)

£60-80

200British Australian Gold Mining Co., twenty sharesof £1 each, fully paid, not dated but circa 1851,no.82461-82480, scrollwork at left side, black on bluepaper, creased, small tears at right edge, fine to very fine.

£80-100

201Garibaldi Gold & Antimony Mining CompanyLtd., £1 shares, 18[96], 2 examples, no.58 and no.57,ornate border, purple, together with 11 moreAustralasian mining certificates comprising: LakeView & Boulder Junction Gold Mines Ltd., £1shares, 189[9], no.3555, brown; Progress Mines ofNew Zealand Ltd., £1 shares, 190[1], no.1278, blue;North Boulder Gold Mining Company Ltd., twocertificates for 10 shilling shares, 189[9], no.8592 and8690, blue; Oriental Extended Gold Mines Ltd.,three certificates for 5 shilling shares, 1903, black;Great Lucknow Consols Ltd., £1 shares, 190[1],no.7482, green; Associated Financial CorporationLtd., 5 shilling shares, 190[3], no.3701, black;Mount Morgan Developments Ltd., certificate for100 shares of 2 shillings each, 19[35], no.4075,black/green; Colonial Proprietary Company Ltd., 5 shilling shares, 19[37], no.2480, green, conditiongenerally very fine. (13)

£200-250

202Lake Bathurst Australasian Gold Mining Co., apair of certificates for 10 and 50 shares of £1, fullypaid, undated but circa 1851, numbered 8121-8130and 34201-34250 respectively, a little ink smudging,fine to very fine and scarce. (2)

£100-150

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210Rawsthorne’s Gold Mining Co. Ltd., threecertificates for £1 shares, part paid, 18[72], no.48, 49and 50, decorative scrollwork to left, black with greenunderprint, pin holes at top left corners, otherwise aboutextremely fine. (3)

£100-150

211Société Forestière Franco-Australienne, a group of39 certificates for 100 franc shares, Paris 192[1], floralborder, photographic vignettes of felled trees andsheep, steamship in centre, turquoise and black, allwith coupons, generally extremely fine but a few withedge damage. (39)

£200-300

A French Company operating in Western Australia.

207North Rhine Copper Mining Company of SouthAustralia, five shares of £1 each, part paid, 185[8],no.9763, coat of arms under title, black, together withGreat Northern Copper Mining Company ofSouth Australia, five shares of £2 each, part paid,1859, no.10522, decorative title, coat of arms under,green, and Paramatta Copper Mines Ltd., five sharesof £1, warrant to bearer, 19[06], no.2428, decorativeborder, brown, text in English and French, revenuestamp to left side, with coupons, the first two withheavy creasing, about very fine, the latter very fine.

£100-120

208Peel River Land & Mineral Co. Ltd. (New SouthWales), £5 share, fully paid-up, 1857 (7 examples),decorative title, black on blue-grey paper, embossedseal at bottom right corner, very fine to extremely fine.(7)

£150-200

209Port Phillip Gold Company Ltd., 5 shilling shares,18[89], no.535, scrollwork at left, blue, printed byWaterlow & Sons, together with four more VictoriaMining certificates comprising; Hepburn AlluvialMining Co. Ltd., 2 shilling shares, 190[4], no.1749,red; Loddon Valley Goldfields Ltd., £1 shares,190[6], no.2650, blue/grey; London & Globe DeepLeads Assets Ltd., 4 shilling shares, [1903], no.1757,black, and; Toora Proprietary Tin Fields Ltd., 5shilling shares, 191[3], no.381, ornate border withscrollwork, red, generally very fine or thereabouts. (5)

£80-100

45



214Fraudulent Claim of Hereditary Lands of NovaScotia, un-issued bearer certificate for £20, 184[-],decorative piece with Royal Coat of Arms and Arms ofthe Alexander’s of Menstrie, black, extremely fine.

£150-200

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

215Inverness Railway and Coal Company, 5% firstmortgage Gold Bonds for $500, 1902 (2), vignette ofsteam train at top, green, with coupons, together witha large accumulation of other certificates, someduplication including; Magyar Városi BankRészvénytársaság, 1923; “Unican” Société Anonyme áBruxelles, 1911 (some only fine); British CanadianLumber Corporation Ltd., 19[11/12]; Grand TrunkRailway Company of Canada, 191[7]; ChicagoRailway Terminal Elevator Company, 1895; Deli-Batavia Company, 1921; Brazil Railway Company,19[12]; Rubber Company of Malay, 19[26]; BintanRubber Estste Ltd, 19[27]-19[30]; PahangConsolidated Company Ltd, 19[37]-19[38];Loengoer (Java) Rubber Ltd, 19[25]; FerrocarrilesNacionales de Mexico, 1914; North Utah Mining Co.of Bingham, 19[06]; Grigsby-Grunow Company,[1932]; Tientsin-Pukow Railway, 1938; MexnorwestHolding Company Ltd, [1930]; Mount PleasantResources Inc., [1986]; Consolidated PaperCorporation Ltd, [1937]; Greek Government Loan of1928, 1933; Donohoe Kelly Banking Company,19[29]; Compagnie Universelle de CanalInteroceanique de Panama, 1888 (these only fine),generally very fine or better unless stated.

£120-150

216Northern Light, Power & Coal Co. Ltd., a groupof 10 certificates for 10 shares of $10 each, 19[09],lovely vignette of river and city scene with numerousfactories, green, printed by Waterlow & Sons, withcoupons, very fine to extremely fine. (10)

£80-100

NEW ZEALAND212Golden Pah (Hauraki) Ltd., bearer certificate for 25shares of 2/6d each, 189[6], no.112, ornate border,mauve, text in English and French, with coupons,together with Tararu Creek Gold Mining Co. Ltd.,10 shilling shares, 189[7], no.641, ornate border,blue, stamped fully paid, and Blagroves FreeholdGold Mining Co. Ltd., shares for 2/6d each, fullypaid, 189[6], no.2682, decorative title and ornateborder, scrollwork at left, blue, the first almostextremely fine, others about very fine. (3)

£80-100

CANADA

213Anglo-Canadian Timber Company of BritishColumbia Ltd., a group of 6% debentures for £20(10), £50 (9) and £100 (10), 19[11], large formatpieces with vignette of horses dragging logs away fromsteam saw, ornate borders, green, red and brown withvarious colour underprints, with coupons, generallyextremely fine. (29)

£300-400

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EUROPE


219Compagnie des Installations Maritimes de BrugesS.A., 500 franc preference share to bearer, 1904,no.4382, attractive piece with full colour vignettedepicting winged female on an anchor with column toright, smaller vignettes in border of landmarks andunderprint of port at bottom, with coupons, togetherwith Societe Belge D’Appareillage Electrique etIndustriel A.E.I., 500 franc bearer share, 1928,no.6362, ornate border with vignettes of factory,winged wheels and columns, blue and yellow, withcoupons and, Compagnie Minere et Metallurgiquede la Haute-Italie, certificate for 4 shares of 125francs each, 1906, no.7869-7872, ornate border,green with yellow underprint, with coupons(detached), very fine to extremely fine. (3)

£60-80

AUSTRIA217An interesting group of Austrian and Austro-Hungarian Empire certificates, including ErstenDonau-Dampfschiffahrts-Ges., 1926; Schieferol-Industrie-A-G, 1921; Ver. Drogen-GrosshandlungenG & R Fritz-Pezoldt & Suss, 1922; Hofherr-Schrantz-clayton-Shuttleworth-Landwirtschaftliche Maschinen-Fabrik, 1926; Ersten Brunner Maschinen Fabriks-Ges., 1937, and others including State Loans, Ralwaysetc. (23), generally about very fine, several better. (28)

£80-100

BELGIUM

x218Compagnie des Installations Maritimes de BrugesS.A., 500 franc bond, Bruges 1909, no.4869, abeautiful certificate with three views of the city, coat ofarms and winged allegorical female holding a largeanchor, plan of the docks below, brown and blue, withcoupons, uncancelled, extremely fine

£60-80

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x222Trust Colonial S.A., a group of 38 certificates for100 franc share, Brussels 1899, together with onedividend share, 1899, allegorical figures, red, thedividend share, turquoise, all with coupons, generallyvery fine to extremely fine. (39)

£80-100

BULGARIAx223Kingdom of Bulgaria, 71⁄2% Stabilisation Loan of1928, bond for $1000, no. 6530, vignette ofallegorical female at top, mauve and black, printed byBradbury, Wilkinson & Co., with coupons, heavycentre fold with slight splits at end, fine to very fine andscarce.

£60-80

x224Assenovetz Fabrique de Biere, 1000 leva share,Sliven 1921, no.1096, attractive design with hops ateither side, ornate border, text in Bulgarian andFrench, with coupons, about extremely fine.

£50-60

225Banque de Rose S.A., 100 Leva share, Sofia 1917,no.21421, large ornate piece with vignettes ofpeasants, picking crops, distillery and river scenes, bluewith salmon pink underprint, adhesive revenue stamp,no coupons, very fine.

£120-150

220Le Combat Naval, 50 franc share, Brussels 1899,no.17422, very attractive piece with naval battle atbottom, warship at right, sailor to the left, blue, withcoupons, extremely fine.

£60-80

221Société Anonyme des Usines Delin, 100 francpreference share, Louvain 1898, no.5468, veryattractive piece with vignettes of automobile andcyclists at bottom, wheel and coat of arms at top left,green and pink, with coupons; together with Cie.Parisienne des Voitures Electriques (ProcedesKrieger), preference share, Paris 1900, vignettes ofearly motor vehicles at left, brown and yellow, withcoupons, very fine and extemely fine. (2)

£80-100

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228Société Balkanique Commerciale et IndustrielleS.A., 100 Leva share, Sofia 1911, no.13312, veryattractive piece with vignettes of steam traction engineand haymaking, with further industrial scenes atbottom, green, red, buff and black, with coupons,amateur repair to bottom left corner, very fine.

£60-80

CROATIA

229Croatia: Karlovach Savings Bank, 200 kroner share,1907, no.0525, lovely design of allegorical femaleoverlooking a panoramic view of the town, beehiveabove her head, black with blue underprint, small holecancels, very fine.

£60-80

226Fabriques de Tabas Reunies Plovdiv, one share of100 levas, plovdiv 1912, no.46, 597, large formatpiece in Art Nouveau style with Queen in the centre,scrollwork border, text in Bulgarian and French,brown and black, with coupons, centre fold with somefoxing, a few chips around the edges, fine but scarce.

£80-100

227Napredek Bank, 100 leva share, 1918, no.061272,attractive piece with allegorical females at each sideand vignette of mansion house under title, pink,green/brown and black, with coupons, together withModerna Bad, 100 leva share, 1933, no.2748, blueand pink, with coupons, both good very fine.

£60-80

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DANZIG

232Free City of Danzig, 61⁄2% State Loan (TobaccoMonopoly), bond for £1000, no.D105, large format,City arms at top, brown and black, printed byBradbury, Wilkinson & Co., with coupons, has beenframed in the past, paper somewhat brittle with split attop right corner with archival repair, very fine, notcancelled and very rare.

£200-300

CZECHOSLOVAKIA

230City of Greater Prague, 71⁄2% Mortgage Loan of1922, bond for £100, no.4914, large format piecewith coat of arms at top, green and black, printed byBradbury, Wilkinson & Co., stamped with 1946 termsin red, with coupons, tear at left but very fine and rare.

£100-120

231City of Greater Prague, 1922 71⁄2% Mortgage Loan,a specimen bond for £100, from the Bradbury,Wilkinson & Co. archive, large format piece with cityarms at top, green and black, with coupons, printersannotation in top margin, extremely fine.

£80-100

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ESTONIA

234Republic of Estonia, 7% Banking and CurrencyReform Loan, 1927, a group of 29 bonds for £100,mostly ‘A’ series but including a few ‘X’ series, largeformat, city view at top, ornate border, blue and black,printed by Bradbury, Wilkinson & Co., with coupons,mixed condition, fine to very fine. (29)

£600-800

233Municipality of Danzig, 1925 7% Mortgage Loan,an unissued or possibly specimen bond for £500, notnumbered and not signed, vignette of city view at top,large format, green and black, printed by Bradbury,Wilkinson & Co., with coupons, filing holes in leftmargin, very fine and rare.

£150-200

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237A group of attractive French certificatescomprising, Claridges Hotels, 100 francs, 1921, 3examples; Tramways de L’Ouest Parisien, 1899;Tramways Electriques de Lille et de sa Banlieue, 1901;S.A.D’Applications Industrielles du Bois, 1918;Laboratoires de L’Adour, 1930; EtablissementsVerminck, 1912; Compagnie Immobiliere, 1863 andEtablissements Standard, 1930, all with vignettes andvery colourful, mostly very fine and a few extremely fine.(10)

£120-150

238A small collection of mainly French certificates(28), many with vignettes, including L’Hippodrome,1898; S.A. des Anciens Etablissements Bernard, 1921;Cie Parisienne des Taxautos Electriques, 1907;Tramways Electriques & de Voies Ferrees, 1899;Cinematographes Eclipse, 100 franc share andfounders share, 1918 and 1907; Claridges Hotels,1914 and Cie Maritime de la Seine, 1899, mostly veryfine and extremely fine. (28)

£150-200

239An accumulation of perfume and pharmaceuticalcertificates (30), mostly French and French Colonialbut including U.S.A., Coty Inc, 1930 and SouthAfrica, Durban Oil & Soap Co., 1902, French issues,of which there is some duplication, include,Savonnerie & Parfumerie par les Procedes Margoles,1905; Savonnerie Modele du Midi, 1914; Les Parfumsde Mury, 1930 and Morocco, Parfums Flora, circa1925, generally very fine and better. (30)

£80-100

FINLAND

235Republic of Finland, 7% external loan sinking fundGold Bond, SPECIMEN certificate for $500, 1925,ornate border, vignette at top depicting allegoricalfigures and coat of arms, brown and black, printed bythe American Bank Note Co., with coupons, extremelyfine.

£100-120

FRANCEx236A group of attractive French certificates,comprising Soc. Bretonne de Filature et Teinturerie deLaines, 500 francs, Quimper 1920; GroupementNational de la Baie du Mont-Saint-Michel, 100 francs,Paris 1926; L’Hippodrome, ‘part benefiiciaire’, 1898;Etablissement Thermal de Forges-Les-Eaux, 100francs, 1921, and, Compagnie Electrique desTramways de la Rive Gauche de Paris, 100 francs,1899, all are very attractive and well known issues withvignettes relating to their businesses, all are extremelyfine. (5)

£100-150

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242Banque Coloniale et de Travaux Publics, 100 francbearer share, no.015388, ornate border and vignettesof steam ship at port, docks, canal and factory andnatives with camels, blue and green, with coupons,together with 15 more French colonial certificatescomprising; Societe des Mines du Nord, 1888; LaKotto S.A., 1907; Compagnie Bordelaise desComptoirs Africains; Compagnie Miniere des Petrolesde Madagascar, 1925; Societe Miniere & Fonciere duBandama, [1912]; D’elevage et D’alimentation deMadagascar, 1897; Societe Generale des ComptoirsFranco-Africains; Savana Societe Industrielle,Commerciale et Financiere, 1952; L’union Fonciere,1896; Societe Auxiliare de la Regie des Alcools enEthiope S.A.; and Compagnie Imperiale Chemins deFer Ethiopens, 1899, very fine to extremely fine. (16)

£100-120

243Banque Industrielle Stéphanoise, 100 franc foundershare, Saint-Étienne [1920], no.2853, columns withmale and female figures at sides, coat of arms in centre,grey and pink, with coupons, good very fine.

£60-80

240Anglo-French Company for the Manufacture ofArtificial Sperm Oil (Fullers, Desgrand & Co.),bearer certificates for 1 share and 5 shares of 100francs, no.71 and 5801-5, 1857, very attractive pieceswith vignettes around border of steamship, steamtrain,factory, allegorical figures, scrollwork and coats ofarms, text in English and French, black with olivegreen underprint, and black with yellow underprint,with coupons, slight damage at right edges, notaffecting the design, otherwise extremely fine. (2)

£80-100

241Banque Centrale de Credit, 500 franc share, Paris1882, allegorical figures at top and in bottom corners,black with yellow underprint, together with other earlyand decorative French pieces (4), Anglo-FrenchCompany for the Manufacture of Artificial Sperm Oil,one share, circa 1858; Cie des Abattoirs et Marchesaux Bestiaux, 250 francs, 1860; Chemin de Fer duMidi, bond for 500 francs, 1865 and Cie Immobilierede Paris, bond for 500 francs, all with coupons, thesecond with ink burn and edge tear, fine to very fine. (5)

£80-100

53



245

246Caisse Nationale Française D’assurance Contre lesMaladies, founder share without par value, 1913,no.0865, vignette within title depicting figure inhospital bed and angel with cornucopia, very ornateborder, green, with coupons, good very fine.

£60-80

244Banque D’escompte de Rouen, 500 franc share,Rouen 1883, no.316, of only 500 issued, beautifulvignette of city and dockside, allegorical females onplinths at either side, black, pale blue underprint, withcoupons, extremely fine and scarce.

£120-150

245Café de la Paix, founders share, Béziers 1921,no.1281, a very unusual and attractive piece with fullheight robed figure holding a glass, buildings to eitherside of the Café and a theatre/opera house, orange-brown and green, with coupons, almost extremely fine.

£350-400

Taking their name from the famous Grand Café de laPaix in central Paris, which had been opened since 1867,several other Cafés of the same name sprung up in the20th century, this one presumably in Murviel les Beziersin the South of France.

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248Cinema-Banque S.A., 100 franc share, Paris 1909,no.1363, attractive piece with allegorical figure atbottom and decorative border with coats of arms atsides, blue and brown, hand stamp top right corner,with coupons, extremely fine.

£80-100

249Compagnie Auxiliaire des Chemins de Fer etTravaux Publics S.A., 500 franc bearer share, Paris1889, no.4910, decorative border with female figureand wheel, cherubs and steam trains, blue and green,with coupons, about very fine.

£60-80

247Canal de Richelieu, certificate for one share, Paris[1752], no.3405, attractive early piece with ornatecaligraphy, black, a good plate impression, almostextremely fine.

£300-400

Formed to cut a canal from the River Durance throughto the Mediterranean which proved to be far tooexpensive and the project was abandoned after buildingjust 4 kilometers.

55



254Compagnie 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)

£80-100

255Compagnie des Tramways Electriques de Limogesa Aixe (Haut-Vienne), a large group ofapproximately 180 certificates for shares of 100 francs,Paris 1899, ornate border, black, yellow underprint,with coupons, mostly extremely fine and better. (180)

£200-250

256Compagnie Maritime Valery Freres et Fils, a pair ofcertificates, bond for 500 francs and 500 franc share,Paris 1878 and Bastia 187[2], different designs butboth with ornate borders including sailing ships,coastal scenes and decorative scrollwork, pink adhesivestamp on face, the first has numerous hand stampsalso, black and green, and black on buff respectively,both fine to very fine. (2)

£150-200

250Compagnie Départementale d’Énergie ÉlectriqueS.A., 100 franc bearer share, Paris 1912, no.09896,ornate piece with columns and female figure with lightbulbs, blue and green, with coupons, very fine.

£80-100

251Compagnie des Claridges Hotels, a group of 3certificates for 100 franc share, Paris 1921, classicdesign of steam train and steam ship, red, blue andyellow, with coupons, good very fine.

£60-80

x252Compagnie des Claridges Hotels, a group ofcertificates for 100 franc shares, 19[14] and 19[19],capital 1,000,000 francs and 1921, capital 7,500,000francs (4 examples), multicoloured piece withsteamship at left and steam train at right, red andyellow, with coupons, one of the 1921 is badlydamaged, the remainder very fine. (6)

£60-80

253Compagnie Générale Immobilière, 1250 francshare, Paris 1855, no.304, lovely ornate border ofwinged figures, cherubs, mermaids and town scenes,black, green and red, ‘au porter’ blocked out andname and details of owner stamped/hand written atbottom, small hole to left side, fine.

£80-100

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259Crédit Rural de France S.A., 500 franc share, Paris187[0], no.35970, attractive piece with border ofvignettes depicting allegorical figures, crop harvestingand agricultural tools, grey/green, with coupons,about extremely fine.

£80-100

260Docks Bragards Alimentation Générale S.A., 10founder shares of 100 francs each, Saint Dizier 192[2],no.2531-2540, decorative border with steam ship andpalm tree in bottom corners, coat of arms top centre,brown and buff, very fine.

£60-80

261Etablissements Firmin-Didot et Cie, 6500 francshare, Oaris [1875], no.546, of only 740 issued,attractive gold and blue printing with beigeunderprint, of lovely quality, presumably by thecompany itself, good very fine and rare.

£80-100

257Consolidated Land Company of France Ltd.,debenture for £20 or 500 francs, 186[8], no.A2002,large format, vignette of eagle on globe under title,grey/black printing, text in English and French, withcoupons, good very fine.

£60-80

258Crédit de France, 500 franc bearer share, Paris 1880,no.72, attractive piece with extremely ornate border,cherubs in each corner, brown with pale greenunderprint, with coupons, very fine.

£80-100

57



266Mourier S.A., 100 franc ‘B’ share, not dated but circa1927, no.019020, attractive piece with ornate border,underprint vignette depicting men with huskies andsledges, brown and green, stamp with increased capitalto right, with coupons, extremely fine.

£60-80

267Paris-France S.A., 500 franc share, Paris 1920,no.18120, very large and attractive vignette of femalefigures with beehive, anvil and other tools with artnouveau border, designed by Mucha and signed byhim at the lower left, blue and green, with coupons,hole cancelled, heavy centre fold and some edge tears,good fine.

£200-300

262Forges et Fonderies D’Imphy S.A., 25,000 francshare, [1838], no.109, wavy left edge, black,liquidation details 1855-1857 attached to front, inkcancelled, very fine and scarce.

£60-80

263La Coopération, a pair of certificates, founders shareand 100 franc share, Paris 190[1] and 190[3],no.12907 and no.03610, art nouveau style borderswith mounted statue at top centre, black with greenand black with blue respectively, both with coupons,very fine.

£60-80

264La Réparation, 500 franc share, Paris [1882],no.1366, ornate piece with border including firefighters and fire fighting scenes, black and peach,several hand stamps on front, dividend couponsprinted on reverse, very fine.

£150-200

265Lubrifiants Massilia-Avion, 100 franc bearer share,not dated but circa 1927, no.020772, ornate borderwith underprint vignette of aeroplane, blue and peach,together with Ecole Nationale Aviation, foundersshare, Lyon [1911], no.001261, very intricate borderand underprint vignettes of various aircraft, black andpink, both with coupons, both extremely fine.

£60-80

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271Société Angevine des Industries Foraines, 500 francshare, not dated but circa 1898, no.0546, largevignette with ‘cast’ appearance of female figure withtorch, shield, river and town behind, ornate border,blue/green, with coupons, almost extremely fine.

£60-80

272S.A. André Citroën, bearer share, circa 1927,no.104243, art deco style piece with chevrons andmotor cars, blue and silver, with facsimile signature ofAndre Citroen, together with 1 tenth 31⁄4% bond for1000 francs, ornate border of chevrons and underprintof Citroen badge, red, both with coupons, very fine.

£80-100

268Pharmacie Centrale de France, nominative share for500 francs, Paris 18[82], no.9997, an ornate piecewith allegorical females surrounded by pharmaceuticalitems and tools, cherubs beside plaque at bottom,bordered by archway with company seal in centre,black on buff underprint, split at folds, otherwise aboutvery fine.

£60-80

269Raffinerie de Honfleur, 500 franc share, Honfleur1872, no.440, lovely piece with very ornate borderincluding cherubs and scrollwork, sailing ships on sidesand bottom, coat of arms at top, black and buff, withcoupons, slight discolouration to edges, good very fine.

£60-80

270Royat Palace Hotel, 500 franc share, 1910, no.1311,attractive piece with large hotel in centre, ornateborder, pink and black, with coupons, extremely fine.

£60-80

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274S.A. Des Hydroglisseurs “De Lambert”, 500 francshare, Nanterre [1920], no.1155, attractive piece withlarge vignette depicting hydrofoils (airboats) onbackwaters at bottom, ornate border with rushes andscrollwork, brown and green on buff, signed byCharles de Lambert, with coupons, very fine.

£150-200

x273S.A. de L’Exposition Religieuse Internationale de 1900, bond for 20 francs, 1900, with the benefit of 20 admissiontickets to the exhibition and drawing in the lottery for a 40 franc prize, a beautiful certificate designed by Alphonse Muchawith huge and haunting vignette of thousands of spectators looking down on St.Peter’s church in Rome with winged angelrising from the ground, tickets and text to the left, black with blue underprint, small edge tear but almost extremely fine andrare.

£200-300

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275Société des Eaux Minérales de Pardina, 500 francshare, Marseille [1889], no.16, attractive piece withfemale figure pouring water from vase at bottom left,ornate ‘tiled’ style border, black and brown, embossedseal bottom right, extremely fine.

£80-100



279Société de Produits Céramiques de St.Henry, 100franc founder share, Marseille 190[1], no.3241, veryattractive piece with vignette of allegorical female withceramic vase, factory buildings and site in background,scrollwork at corners, black, buff underprint, withcoupons, extremely fine.

£60-80

280Société des Biscuits Olibet S.A., a pair of certificates,nominative certificate for 1 founders share, Suresnes[1899], no.08775, and 100 franc bearer share,Suresnes 1898, no.02541, very attractive pieces withvignettes of ploughing, cutting and gathering wheat,and factory producing biscuits, blue and brownrespectively, both with coupons, about extremely fineand very fine. (2)

£100-120

276S.A des Eaux Minérales et ÉtablissementsThermaux de Martigny-les-Bains, 100 franc share,Martigny -les-Bains 189[8], no.19665, beautiful piecewith individual vignettes depicting ‘L’HôtelInternational’ at top, thermal springs at each side andinterior of the hotel at bottom, extremely ornateborder, brown/gold, with coupons, good very fine.

£80-100

277S.A. des Eaux Minérales Naturelles de Vichy-Cusset, 100 franc share, Paris 191[0], no.1450, lovelyart nouveau design of classically dressed femalesgathering spring water, panorama of the ‘Source desFees’ across top, blue and green, with coupons,extremely fine.

£80-100

x278S.A. Petit Journal, a group of 27 certificates for oneshare of 500 francs, 1896, attractive border withprinting press, allegorical figures, dockside views,ploughing etc., black, yellow underprint, withcoupons, generally very fine and better. (27)

£80-100

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284Société Générale des Automobiles Porthos, 100franc share, 1907, no.04533, very attractive piece withart nouveau style border including male and femalefigures, winged figure with wheel at top, furthervignette of motor car at bottom, green and yellow,stamp at top right corner, with coupons, extremelyfine.

£140-180

285Societe Generale des Cinematographes EclipseS.A., a group 7 certificates for founders share, Paris1902, lovely design with London’s Tower Bridge,Notre Dame, Sphinx, Indochine scene and allegoricalfemale, orange & black, stamped endorsements onface, with coupons, generally extremely fine. (7)

£80-100

x286Société du “Maréorama Hugo d’Alesi”, 100 francshare, Paris 1899, no.1344, beautiful piece withclassically dressed figures looking out over aMediterranean scene, two flagpoles at left, blue andblue-green, with coupons, about extremely fine.

£80-100

Built for the Paris Exposition of 1900 this attraction wascreated by poster artist Hugo d’Alesi and simulated a seavoyage between Marseille and Yokohama. The set took upto ‘700’ passengers on a moving platform with paintingson rollers on each side with views of Algiers, Naples andIstanbul amongst many others.

281Société des Rizeries Parisiennes, a pair of certificates,100 franc share and founders share, Paris 1917 and1915, nos.12366 and 2456, attractive pieces withvignette of mill/factory buildings top centre, fourfurther vignettes at bottom edge depicting millworkings, border of dragons, blue and green, andblack and peach respectively, both with coupons, bothvery fine to extremely fine.

£80-100

282Société des Sucreries Françaises S.A., 100 francbearer share, Paris 1918, no.007059, illustrativeborder with sugar refinery worker to left, cropgathering bottom right, and sugar beet, navy blue andgreen, with coupons, good very fine.

£80-100

283Société Générale des Automobiles Porthos, 100franc share, Paris 1905, no.0619, very attractive piecewith art nouveau style border including male andfemale figures, winged figure with wheel at top,further vignette of motor car at bottom, green/blue,stamps at top right corner, with coupons, extremelyfine.

£140-180

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290City of Munich 6% Sterling Loan, 1953, a group of40 registered bonds for £100, countersigned byLazard Brothers and also the authorised agent, largeformat with arms at top, ornate border, blue andblack, printed by Waterlow & Sons, not cancelled, allextremely fine or nearly so. (40)

£300-400

291Hamburg-Amerikanische Packetfahrt-A-G(HamburgAmerika Line), 100 Reichsmark share,Hamburg 1932, no.422579, ornate border, blue andblack with yellow underprint, with coupons, good veryfine and scarce.

£100-150

287Société Phonographes & Cinématographes “Lux”,a quantity of certificates for 100 franc shares, Paris1908, 13 examples, very attractive piece withphonograph at bottom left, projector at bottom rightand allegorical figures with script and mirror, Statue ofLiberty bottom centre, brown, hand stamps on face,with coupons, about extremely fine. (13)

£120-150

GERMANY288A small collection of mostly German certificates(37), including Neue Zoologische GesellschaftFrankfurt, 1872, damaged at top right corner; Actien-Bauvereins Passage, 1870; Volksbade-Anstalt Neuss,1895; Textilwerk vormals E. Matthes & Co. inDusseldorf, 1896; Sachsische Bank zu dresden, 1870and Deutscher Offizier Verein, 1884, some withmissing coupons and some with condition problems, fineto very fine, some better. (37)

£200-300

289Conversion Office for German Foreign Debts, 3%Dollar Loan, bonds for $100 and $1000, 1936,vignette at top, blue and orange respectively, withcoupons, together with 1930 51⁄2% international loan,bond for 1000 Reichsmarks, ornate border, darkgreen, pink underprint, no coupons, all uncancelled,very fine to extremely fine. (3)

£80-100

63



295Suburban Railway Co., certificate for 5 shares of 100drachma, Athens 1883, vignette of 0-6-0 locomotiveand tender at top, blue and black, printed byBradbury, Wilkinson & Co., with coupons, aboutextremely fine and scarce.

£60-80

296M & H. Klonaridis Ltd., a bearer certificate for 20shares of £1, London 1909[1911], no.5267, a largeformat piece with attractive vignette of the AthensBrewery top centre, brown, text in English and Greek,with coupons, good very fine.

£80-100

GREECE292Greece, an interesting group of Governmentbonds, comprising 1884 5% Loan, £20 (2), 1914 5%Loan, 500 drachma bonds (2), 1924 7% RefugeeLoan, £100 bonds (4, 2 endorsed with new plan ofrepayment), 1928 6% Stabilisation Loan, £100 bond,together with National Bank of Greece, 7% mortgageLoan, 1927, £100 bond, Piraeus Athens PeloponnesusRailway Co., 6% First Mortgage bonds for £100 and£500, and other bonds mostly from Eastern Europeand Russia (14), mixed condition, fine and very fine.(26)

£150-200

293Kingdom of Greece, 5% Loan, 1900, a group of 4bonds for 100 drachma, dated Athens 1901, largeformat with Greek arms at top, architectural columns,head of Zeus in medallion at bottom, black, withcoupons, extremely fine. (4)

£60-80

294Piraeus-Athens-Peloponnesus Railway Co., 4%Loan, 1912, a group of 7 bonds for 500 francs/£20,Athens 1912, very large format piece with vignette ofsteam engine and tender, ornate border, green, text inFrench, Greek and English, with coupons, a few edgenicks and ragged edges but the body almost extremelyfine. (7)

£80-100

The company was declared insolvent in 1940 and itsassets credited to the State.

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HUNGARY299Hungarian Consolidated Municipal Loan, 71⁄2%secured sinking fund Gold Bond for $1000, 1925,no.M5004, attractive piece with ornate border,vignette at top depicting seated woman on thronesurrounded by offerings, city and steam train inbackground, green and black, text in English andHungarian, printed by Waterlow & Sons Ltd, withcoupons, extremely fine.

£60-80

300Hungarian Consolidated Municipal Loan, 7%secured sinking fund Gold Bond for $500, 1926,no.D1170, attractive piece with ornate border,vignette at top depicting seated woman on thronesurrounded by offerings, city and steam train inbackground, yellow and black, text in English andHungarian, printed by Waterlow & Sons Ltd, withcoupons, better than very fine.

£60-80

301Hungarian Consolidated Municipal Loan, 7%secured sinking fund Gold Bond for $1000, 1926,no.M0849, attractive piece with ornate border,vignette at top depicting seated woman on thronesurrounded by offerings, city and steam train inbackground, red and black, text in English andHungarian, printed by Waterlow & Sons Ltd, withcoupons, extremely fine.

£60-80

297Soc. des Usines du Laurium, certificate for 1 share of20 francs/200 drachma, 1873, no.80994, vignette ofthe town of Lavrio (Laurium) on the Greek coast,green with yellow underprint, printed by Waterlow &Sons, top right corner tip removed, good fine and rare.

£60-80

298Soc. Hellenique de Vins et Spiritueux, 10 shares of100 drachma, Athens 1924, no.120291-120295,ornate classical border with cherubs crushing grapes,vine leaves, pressing and distilling apparatus, blackwith yellow underprint, text in French and Greek, withcoupons, centre fold otherwise extremely fine.

£60-80

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ICELAND

x305Hlutafjelagid Eimskipafjelag Islands (IcelandSteamship Co. Ltd.), 25 kroner share, series A,Reykjavik 1914, no.3926, large format piece withvignettes of steam trawler and figures from Icelandichistory, including Leif Ericson (Leifur heppni), map ofIceland in underprint, blue, black, red and orange,yellow underpint, very fine.

£80-100

302Budapest General Electricity Co., 200 Kronenbearer share, Budapest 1894, no.016998, femalefigure holding large lightbulb at left side, text inHungarian and German, blue and black, two handstamps to right side, with coupons (detached), goodvery fine.

£100-120

303Füszerkereskedök Áruforgalmi RészvénytársaságaPécs, 100 pengöröl share, 1925, allegorical figure withwinged helmet at left, black/brown with greenunderprint, with coupons, together with Ville deBudapest – 4% bond, ornate border, vignettes ofhouse in mirror image on either side, green and black,adhesive and hand stamps on face, with coupons, fineand very fine respectively.

£60-80

304Hungary: Lloyd Bank AG, a group of 20 certificatesfor 1 share of 400 kronen, Budapest 1923, large andattractive pieces with cherubs around border, red andblack, text in Hungarian and German, with coupons,mostly very fine to extremely fine. (20)

£200-300

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MONTENEGRO

307Government of the Principality of Montenegro,certificate for 5% Loan bond for £20, 1909, no.5460,beautiful ornate border with scrollwork, vignette ofwoman wearing laurel wreath top centre, text inEnglish and French, black and blue with pinkunderprint, printed by Waterlow & Sons Ltd., withlater coupons, extremely fine.

£100-120

ITALY

306Genoa and District Water Works Co. Ltd., a groupof 19 first mortgage debentures for £20, 1913, allsigned by W.J.E. Binnie as director, large formatpiece with attractive vignette of Genoa harbour withlots of ships, red and black, text in English and Italian,printed by Bradbury, Wilkinson & Co., with coupons,about extremely fine. (19)

£400-500

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PORTUGAL

311Lisbon Royal Treasury, 6% loan, 1797, certificate for52, 200 reis, n.19057, a printed document, holdersname and amount inserted by hand, with Portugueserevenue stamp at top, black, 4 pages, handsigned, fineto very fine.

£80-100

NORWAY308Ringnes Bryggeri, 2000 kroner share, Christiania1899, no.983, ornate border, green and black, pinkunderprint, several endorsements re-valuing theshares, the last in 1970, with coupons, cancelled, goodvery fine.

£60-80

309Telemarken Copper Mining & Smelting CompanyLtd., a pair of bearer warrants for 1 and 5 shares of £1,1906, no.99603 & 15747, very large format each with3 photographic vignettes of the camp, buildings andoffices, red and brown with pale green underprint,with coupons, tiny split at centre fold on the 5 share,very fine to about extremely fine. (2)

£60-80

POLAND310Republic of Poland, 20-Year 6% Gold Loan of1920, pair of bonds for $100 and $50, crowned eagleat top, ornate border, text in English and Polish, blueand green respectively, blue overprint of reducedinterest and extended terms, 1938, with coupons, thesecond with some water damage at bottom, good very fineand about very fine. (2)

£100-120

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314

313


312Compagnie des Chemins de Fer Portugals, 100franc preference share, Lisbon 1932, no.00172, aseries of steam trains at top with coat of arms in centre,border of railway signals, brown with pale greenunderprint, text in Portuguese and French, made outto bearer, numerous hand stamps at top, good very fine.

£60-80

313Lisbon Electric Tramways Ltd., a pair of certificatesfor 10 and 25 shares of £1, 190[5], no.C0695 and190[6], no.D8947, very large format pieces withvignettes of allegorical figures with tramways inbackground, yellow and blue respectively, printed byWaterlow & Sons, with coupons, hole cancelled, veryfine. (2)

£100-150

314Aguas de Valle de Cavallos e Parede, one share of 50reis, Lisbon 191[6], no.1347, large format, severalvignettes of the water company’s property, brown andyellow, 4 pages, very fine.

£120-150

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316


316Cia. Central Vinicola de Portugal, 100 escudoshare, Lisbon 19[20], no.17, decorative border, shieldto left of title, blue and yellow, printed and embossedseals at bottom, very slight discolouration at bottom andtop edge, very fine.

£60-80

317Cia. De Seguros A Colonial, 100 escudo share,Lisbon 191[6], no.1387, beautiful scrolled borderwith inset vignettes of factory, steam train, steam shipand crops, black and blue, pale peach underprint, handstamps at bottom, good very fine.

£60-80

318Companhia das Aguas de Lisboa, bond for 500escudo, Lisbon 1937, no.002:410, attractive piecewith vignette of river bridge at top, ornate floralborder, blue, embossed seal at right, good very fine.

£60-80

315Associaçáo de Juventude Israelita “Hehaber”Centro Israelita de Portugal, 500 escudo share,Lisbon 19[48], no.26, unusual piece with boldgraphic border and illustration of youths with largesign, brown blue and gold, without presidentssignature, good very fine, and very rare.

£200-250

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x321Fabrica de Faianças das Caldas da Rainha,certificate for one share of 20$000, Lisbon 1884,no.2078, a beautiful certificate designed by RaphaelBordallo Pinheiro depicting the company’s art pottery,flowers and various animals, multicoloured butpredominantly green, brown and pink, a little creasedat top and bottom, good very fine.

£600-800

322Mipoli Minas de Ponte do Lima, 1000 escudo share,Ponte do Lima 19[48], no.0609, border of columnand rope, coats of arms at top corners, seals at bottom,underprint vignette of the town, brown, very slightedge discolouration, almost extremely fine.

£60-80

319Companhia de Minas e Fundicao de Chumbo deSanta Eufemia e Outras, a group of 29 certificates for54 reis shares, Lisbon 188[2], vignette of minebuildings and railway in centre, black with greenunderprint, some have ragged edges, paper a littlebrittle, mostly fine to very fine. (29)

£250-300

320Companhia Nacional de Viacão e Electricidade, 10shares of 25 escudos each, Lisbon 19[20], no.01111-01120, very large and attractive vignette at topdepicting female figure with light bulb beside sphinx,waterfall, tramway and factory in background, red andbrown, very fine.

£120-150

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323Sociedade Comercial Ultramarina, bond for 100escudos, Lisbon 1924, no.4010, illustration of shieldsand towers at top, brown, printed seal bottom left,with coupons, about extremely fine.

£60-80

324Sociedade Uniáo Eborense, bond for 2 reis, 1895,no.48, unusual piece with illustration of three playingcards at top centre, border of roulette balls and cards,black, red, blue and yellow, printed on thick paper,embossed seal at bottom left corner, almost extremelyfine.

£200-250

325Triunfo Companhia de Seguros, 50 escudo share,Porto 19[17], no.625, figure with spear on horsebackat top left, ornate border, black and gold, goldunderprint, embossed seal bottom right, almostextremely fine.

£60-80



ROUMANIA

73

326Kingdom of Roumania 4% Consolidation Loan1922, bonds for £1000, £500 and £100 (3), vignettesof peasant driving oxen at top, ornate border, green,purple and brown respectively, text in English, Frenchand Roumanian, with coupons, together withKingdom of Roumania Monopolies InstituteStabilisation and Development Loan 1929, bondfor £100, large format piece with vignette of BranCastle (one of the several locations for the CountDracula legend), blue and black, with coupons, notcancelled, generally about very fine, one of the £100 withvery minor edge damage. Some scarce. (6)

£150-180

327Kingdom of Roumania Monopolies Institute,Stabilisation and Development Loan, 1929, agroup of 6 bonds for £100 each, large format pieceswith vignette of Bran Castle (one of the severallocations for the Count Dracula legend), blue andblack, with coupons, not cancelled, generally very fineand better. (6)

£60-80




330Banca Comertului S.A., 2500 lei share, Craiova1928, no.127636-127640, attractive piece withpainterly border depicting female figures with childrenand cherubs, green/black, hand stamp bottom right,with coupons, very fine.

£60-80

SERBIAx331A small group of Serbian certificates comprising,Homolje Investment Bank, certificates for 1 share and10 shares of 100 dinara, 1928, very prettymulticoloured designs with vignettes in each corner;Pec Merchant-Industrial Bank, 10 shares of 250dinara, 1924, panoramic vignette of the town,multicoloured, and, Ohrid Joint Stock FishingCompany, 750 dinara share, 1924, fish left and right,fishing boat at bottom and factory at top, all withcoupons, good very fine to extremely fine and a colourfullot. (4)

£60-80

332Serbian-American Bank, a pair of certificates for1000 and 5000 dinar, 1922, both with ornate borderswith silhouettes inset, intricate multicolouredunderprints, blue and yellow, and peach and green(predominantly) respectively, the second in a largerformat with hand stamps to top edge, both very fine.

£80-100

328“Astra”, 5000 lei share (10 shares of 500), Bucharest1925, no.028651-028660, trio of vignettes depictingtrain passenger carriage at top, oil tanker carriage andbridge, ornate border, brown and green, hand stampsat top, with coupons, very fine.

£60-80

x329Banca Centrala, certificate for 10 shares of 250 lei,Cluj 1920, no. 187221-187230, multicolouredborders, Cluj view at top centre and eagle with globe,very fine.

£60-80

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333Companhia del Pozo Rico, 100 pesoshare, circa 1768, no.2602, scrollwork atleft, black, French style piece withcertificate and 6 dividend coupons printedabove, some wear and small holes at folds,fine to very fine.

£3,000-4,000

The company was formed in 1768 andfinanced by French capital, hence the design.The rich silver mines of Pozo Rico atGuadalcanal, Seville, were well known sincethe 16th century and rivalled some of themines in the Spanish Colonies in SouthAmerica. Owned at various times bydifferent companies, this one lasting but 10years even after employing an experiencedmining engineer, Juan Martin Hoppensackin 1775. He was later to form yet anothercompany in 1795 to exploit the mines.


SPAIN

75



336Cia. De las Minas y Fundiciones de Zubelzu, a pairof certificates, founder share and 50 peseta share,Zubelzu 1913, no.002857 and 004976, attractivepieces with two vignettes of factory workings, ornateborder with factory building at top and landscape atbottom centre, brown and blue/green respectively,both with coupons, slight edge damage to latter,otherwise very fine. (2)

£60-80

337Compañia Barcelonesa de Electricidad, bond for500 pesetas, Barcelona 1908, no.003856, illustrativeborder with electrical generator and street lamp at left,green and black with peach underprint, hole cancelled,very fine.

£60-80

338Compania Madrilena de Urbanizacion, 500 pesetashare, Madrid 190[7], no.1359, signed by ArturoSoria, founder and director of the company,intricate border of fine scrollwork, red, yellow andblack, with coupons, extremely fine.

£50-60

The company built and operated both steam and electrictramway lines.

334Carthagena & Herrerias Steam Tramways Co.Ltd., a group of 20 registered debentures of £100,1907, numbered 519 to 538, ornate border, black,impressed red revenue stamp, very fine to extremelyfine. (20)

£100-120

335A good pair of associated mining certificates,comprising Sociedad Minera titulado Desencano,Barcelona 1850, no.204 and Sociedad Minera tituladaDudosa, Barcelona 1850, no.130, both with attractivemining vignettes, attractive borders, all officialssignatures are the same for both companies, black withyellow and orange underprints respectively, very fine toextremely fine. (2)

£80-100

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341Hilaturas Navarro - Cabedo S.A., 5000 pesetashare, Valenci 1927, no.0699, fabulous large designby Marco Perez of various scantily clad figures by giantspider’s web, bull and tree, printed in gold and black,the remainder brown with yellow underprint, withcoupons, has been lightly trimmed but otherwise aboutextremely fine and scarce.

£200-300

342Minas y Ferrocarril Utrillas S.A., 500 peseta share,Zaragoza 1902, no.003809, vignette in centre withwinged wheel, shields, miner’s lamp and steam engine,ornate border, embossed seal bottom centre, black andred with olive underprint, with coupons, very fine.

£60-80

x343Parques y Edificaciones S.A., 500 peseta share, seriesB, Barcelona 1919, no.000623, signed by the artistJosep Obiols (1894 - 1967) in 1919, attractive designof reclining females and cherubs with potted plants,brown and buff, with coupons, near extremely fine.

£60-80

x339Editorial La Nacion S.A., nominative share for 1000pesetas, series A, Madrid 1925, no.125, huge vignettedesigned by A. Sauri Sires in Art Nouveau style,brown, about extremely fine.

£80-100

340Higinio Blanco Bañeres S.A., 1000 peseta ‘series A’share, Barcelona 1951, no.006762, very boldillustrative border with carpet weaving at top centre,black and brown, hand stamp in bottom right corner,with coupons, extremely fine.

£60-80

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347Sociedad Espanola de Combustibles Liquidos y susDerivados S.A., 500 peseta preference share, 1927,no.02060, vignette at top depicting female figureswith oil derrick, ships, aeroplanes and motor vehiclesbehind, brown, together with 11 more Spanishcertificates comprising; La Carbonera MetalurgicaEspañola, 1873; Sociedad Inmobiliaria del NuevoBarrio De Atocha en Madrid, 1963; Sociedad de losFerro-Carriles Madrid a Cáceres y a Portugal, 1881;Spanish Minerals Development Ltd., [1906] and[1905]; Tranvia ó Ferrocarril Económico de Manresaá Berga, 1902; Banco Regional de Igualada, 1881;Barcelona Traction, Light and Power Co. Ltd.,19[23]; Compañia de Construcciones Hidraulicas yCiviles S.A.; Compañia General de Coches yAutomoviles S.A., 1910; and Islas del GuadalquivirS.A., 1926, generally very fine, some better. (12)

£80-100

348Sociedad Española de Azufres, 250 peseta share, 4thissue, Barcelona 1883, no.6100, very attractive piecewith detailed vignette of steam engine, various toolsand presumably the Queen of Spain. An ornate flagspreads across the whole width of the piece and bearsthe title of the company, black, pink underprint, withcoupons, very fine.

£60-80

344S.A. Bodegas Bilbainas, 500 peseta share, Bilbao1970, no.111411, attractive piece with border ofgrapevines and classically dressed woman with winebottle and glass, black and green, with coupons,together with Eléctrica de los Pontones, 500 pesetashare, Albacete 19[21], no.1720, decorative title withwinged female and light bulbs, blue/grey, withcoupons, both about extremely fine. (2)

£60-80

345Sociedad de Aguas y Mejoras de Alcácer, 500 pesetashare, Valencia 1929, no.147, lovely illustration offemale figure with plans and cherub pouring water,grey and orange, together with Aguas Potables deAlcazar de San Juan, 50 peseta share, Alcazar de SanJuan 1932, no.002421, decorative title includingvignette of armoured man and caged lion, ornateborder, dark blue and green, with coupons, extremelyfine and about very fine respectively. (2)

£80-100

346Sociedad de Minas La Estrangera, certificate for oneshare, Murcia 1854, no.62, 3rd quarter, attractive andsomewhat typical design with ornate scrollworkborder, mining tools at top, windlass at bottom, black,4 pages, about extremely fine.

£60-80

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SWEDEN

350A-B Hassleholms Flyghamn, 100 kroner share,Hassleholm 1920, no.391, attractive and unusualpiece with vignettes of early bi-plane, airship andseaplane, ornate border, mauve, with coupons,extremely fine.

£80-100

x351Gotha Canal, 100 riksdaler share, Stockholm 1833,1888 reissue, no. 276, and no.275 allegorical figureswith canal boat and lock in background, black, 4pages, both with cancelled coupons from the 1960’s,the second with cut into back page, very fine. (2)

£60-80

352Swedish Iron Rolling Stock & Implement WorksLtd., £20 shares, 187[4], 2 examples, no.00952 andno.00950, decorative title, ornate border andscrollwork to left, purple, good very fine. (2)

£60-80

349Sociedad Minera La Amistad, certificate for oneshare, Madrid 1852, no.17 - 3rd quarter, typical earlySpanish design with ornate border with mining toolsand windlass, several company articles are alsoreproduced within the border, black, 4 pages, goodvery fine.

£60-80

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SWITZERLAND

353S.A. Des Mouettes Genevoises, 100 franc share,Geneva, not dated but stamped in 1912 and 1943,no.241, attractive piece with vignette of tourist boaton lake, ornate border with seagulls and water lilies,shield at bottom, green/black, very fine.

£60-80

YUGOSLAVIA

354Kingdom of Yugoslavia, SPECIMEN 5% fundingbond for $100, 1932, ornate border with scrollwork intop corners, royal arms at top, orange and black,printed by the American Bank Note Co., withcoupons, extremely fine.

£60-80



81

355Early Exchequer Receipt of Payments by theSheriffs for the City of Gloucester, 1653, addressedto Thomas Fauconbridge - Receiver General of therevenues, signed by Robert Wilson and ThomasShadwell on behalf of Oliver Cromwell’s GovernmentExchequer in London, very fine.

£250-300

356Receipt, August 1658 for £9.12.11d, being a finelevied by “Commissioners appointed by his Highness”(Oliver Cromwell) under the Act for “preventing themultiplicity of buildings”, black printing withmanuscript insertions, trimmed and some surface dirt,fine and scarce.

£80-100

Levied on Sir Matthew Brend (1600-59) who owned theGlobe Theatre, the first of which was built byShakespeare’s company and owned by Brend’sgrandfather.

357Treasury Warrant, July 1679, instructing theAuditor of the Receipt to draw an Order for paymentof £20.3.7d owing for quarters incurred by part ofPrince Rupert’s regiment, signed by the First Lordof the Treasury, Lawrence Hyde (later Earl ofRochester) and brother in law of James II, SirEdward Dering, a Lord of the Treasury and SirJohn Ernle, Chancellor of the Exchequer, blackprinting, manuscript insertions, folio, right edgesomewhat browned and brittle with some paper loss butotherwise complete and without the usual trimming, fineand rare for a Treasury warrant of this age to be printedand not handwritten.

£200-300


GREAT BRITAIN & IRELAND

GOVERNMENT FINANCE



360Office of Her Majesty’s Ordnanace, a pair ofwarrants dated 1705 and 1709 authorising £100 to bepaid to Francis Yonge recently appointed Comissary ofStores in Lisbon and £225 to be paid to PatrickJohnston for reasons not stated, handwrittendocuments with signatures of the issuing officers, withfull receipts on the reverse signed by the recipients,some toning but fine and interesting insight into early18th century finance.

£80-120

361Exchequer receipt, December 1711, for £26.11.9dfor 15 months interest on £500 lent to the Exchequeron the security of, and repayable from, the sale of “HerMajesty’s Tin”, signed by Charles Spencer, Earl ofSunderland, black, very fine with negligible trimming,ink cancelled and a lovely example of this scarce issue.

£200-250

Charles Spencer, Earl of Sunderland, “Prime Minister”at the time of the South Sea bubble and thereby forced toresign. Tried for allegedly taking a £50,000 bribe inSouth Sea stock but exonerated in a political move to saveWalpole’s government.

358Exchequer receipt, June 1680, signed by HenryGuy, Secretary to the Treasury and one of Charles II’sclose circle, for the receipt of £500 for “His Majesty’sSecret Service”, an entirely handwritten document,minor trimming, some foxing, fine and a very raresubject.

£200-300

Henry Guy served in the Treasuries of Charles II, JamesII and William III, earning at his peak £4,000-£5,000per annum, an enormous sum in that period, inTreasury fees, “gifts” and “casual profits”. He wasimprisoned in 1694 for allegedly taking a bribe. On hisdeath in 1710 he left £150,000.

359Exchequer Order of Payment, February 1696/7 topay sixpence an ounce on 550 ozs. 5 dwt ofhammered coin sent to Chester mint for recoinagenamed to Thomas Hall, possibly the Londongoldsmith, cut at right and bottom to removesignatures, very fine.

£80-100

The great recoinage of 1696. The Mint had refused totake further supplies at face value of the old clipped andlight hammered coins for recoining, causing hardshipand riots in the country. It was forced to reopen, nowtaking the old coinage at the standard Mint price of 5s2d an ounce plus this 6d “reward”.

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364Irish Government Life Annuities, a 6% debenturecertificate for £100, 3rd Class, Dublin 1774, no.632,black printing with manuscript insertions of the holderand, in this case, his eldest daughter, aged 3, folds butabout very fine and scarce.

£300-400

362Exchequer receipt, 1713, signed by Richard,Viscount Lonsdale, being for a quarter’s annuity on hislate mother’s investment of £500 in the 99 yearannuities issued by the Government in 1707, blackprinting, trimmed as usual, fine.

£100-120

These annuity receipts are the only extant documentsrelating to the Exchequer managed British fundednational debt, the appropriate Orders of Paymenthaving been destroyed when the Exchequer closed.

363Exchequer Order of Payment, 1714, for repaying£500 principal with £27.3.10d interest, lent to theExchequer on the security of and repaid from theproceeds of, the 4th 2 shillings Aid (tax) for the year1714, signed by the Lord High Treasurer, RobertHarley, Earl of Oxford, government ministerresponsible for the foundation of the South SeaCompany, Sir William Wyndham, Chancellor of theExchequer and, as Auditor of the Receipt, CharlesMontague, Earl of Halifax, formerly the ministerresponsible for the establishment of the Bank ofEngland, black, folio, unusually with no trimming,fine to very fine and rare thus.

£300-400

83



365An important and historic Order of Payment, an impressive document for £1, 101. 18s 9d, made outfor repayment and payments to John Durand for supporting Armed Forces in the ‘ceded’ islands ofTobago and Dominica (ceded by France to Britain by the 1763 Treaty of Paris). Dated April 1776,signed by KING GEORGE III, also signed by Lord North the Prime Minister, Lord Onslow a ministerof the Treasury and C.W. Cornwall of the Treasury, extremely fine.

£1,500-2,000

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367Five per Cent. Annuities, inscribed stock receipt dated178[8], transferring £302 stock to Richard Norman andothers, but signed by an agent at lower right, black, alsosigned by the broker J. Halford?, tiny piece of lower left cornermissing from spiking as is usual with these pieces, fine to veryfine.

£150-200

366Reduced Annuities, inscribed stock receipt dated 178[6],transferring £100 stock to John Christopher Franck, black,also signed by the agent or broker, small piece of lower leftcorner missing from spiking as is usual, surface dirt at top, fineto very fine and scarce.

£180-220

85



372Consolidated 3% Annuities, a group of inscribedstock receipts, 1806 (3), 1813, 1841 and later (5), £310s per Cent reduced Annuities, inscribed stockcertificate, 1838, together with a miscellaneous groupof insurance policies and ephemera including a rareUniversal Life Assurance Society policy issued in India,1852 and a fire policy of the Imperial insuranceCompany, 1812, an interesting lot well worthinspection, fine to very fine and better. (lot)

£100-150

373Great Britain, 31⁄2% War Loan, bearer bond for£100, 1932, no.B286252, ornate border, printed sealof ‘The Lords Commissioners of his Majesty’sTreasury’ at bottom right corner, brown and black,with coupons, stamped CANCELLED, extremely fine.

£100-200

368Government Pensions, an exchequer receipt dated1790 making payment of £62 10 shillings for 3months pension to Mrs Jac. Hunetr but signed byThomas Coutts as her agent, black printing withmanuscript insertions, embossed duty stamp top left,very fine.

£120-180

369Consolidated £3 per Cent. Annuities, inscribedstock receipt dated 1790, transferring £1996 15s stockto James Cecil Grave, who signs at the lower right,black, also signed by the broker Richard Parkins, smallpiece of lower left corner missing from spiking as is usualwith these pieces, very fine.

£100-150

370Four per Cent. Annuities, inscribed stock receiptdated 179[7], transferring £1353 12s 9d stock toThomas Caphorn and others, who all sign at the lowerright, black, also signed by the broker Thomas Chant,lower left corner professionally repaired where is has beenremoved through spiking, very fine and scarce.

£180-220

371Navy 5% Annuities, inscribed stock receipt, 180[5],together with other inscribed stock certificates (4)comprising Consolidated £3 per Cent. Annuities,178[2] and 180[3], Four per Cent. Annuities, 180[4]and 181[5], the second trimmed at left edge, mosthave corner off as usual, fine to very fine. (5)

£60-80

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375Annuities: A group of certificates comprising,Royal Insurance Co., annuity bond, 186[5], no.371,large format, black on vellum, blue seal, cancelled;Consolidated 3% Annuities, inscribed stock certificate,180[0]; New 3% Annuities, inscribed stock certificate,18[73]; Westminster Society for Insurance on Livesand Survivorships, and for Granting Annuities, receipt,1795, and, City of Edinburgh, annuity bond, £3,1870, colourful piece, cancelled and scarce, generallyvery fine.

£60-80

MUNICIPAL LOANS376Borough of Cheltenham, Improvement Act 1889,a debenture for £650, no.200, dated 1904, entirelyhandwritten piece on 4 pages, folio, red embossedduty stamp, handsigned by the Mayor, very fine andan interesting piece of municipal finance.

£60-80

This was part of a total loan of £9650 authorised by theAct of 1901 and the lenders in this case were trustees ofthe Loyal Widows and Orphans Lodge of theIndependent Order of Odd Fellows. Repaid in 1920.

EARLY COMPANIES

x377South Sea Company: New South Sea Annuities, aninscribed stock certificate, 178[4], for the transfer ofstock, red and black printing with small designsbeneath the title, together with a small handwrittenpower of attorney for the transfer of South SeaCompany stock dated 1714, small piece of top leftcorner missing due to spiking, the latter professionallylaid on silk paper. (2)

£150-180

374£3 10s Per Cent. War Loan, bond for £100, London1932, no.B308120, facsimile signature of N.K.Warren-Fisher as Secretary of the Treasury, ornateborder, brown and black, with coupons fromDecember 1940, folded but about very fine anduncancelled, rare thus.

£120-150

All British government debt has been repaid in due timewhich means that we usually only find specimens orcancelled examples. Specimens are exceptionally rareand the only cancelled examples seen are from this loan.This is an uncancelled bond, a handful of which werefound on the Continent in the last year, and is thereforeextremely scarce.

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378South Seas, Captain John Clipperton, certificate for one share in the expedition of the ships ‘Success’ and ‘Speedwell’,18th June 1720, no.433, signed by Alexander Strachan, E. Hughes, Andrew Drummond and R. Winder as managersand directors, scrollwork at left, black printing, some tears at folds but professionally rebacked and repaired, fine and veryrare. Only 2 known.

£2,500-3,000

Interestingly the share was issued sixteen months after the expedition had sailed, presumably one of the original shareholderswishing to spread his risks by selling on a rising market - South Sea Company stock was bubbling at 750 and would peak at 1050six days later. At the end of May Speedwell had been wrecked and its captain and crew marooned for five months, but the dealersin London could not have known that when this share was traded. Clipperton was born in Great Yarmouth in 1676 and madea career in piracy. In 1704 he joined the pirate/explorer/naturalist/diarist William Dampier but fell out with him andabandoned him off the South American coast. In 1718 a consortium put together the plan to send two vessels around the globeto explore, trade and plunder any Spanish ships and settlements they came across. Had the country not been at war, this wouldhave been a breach of the South Sea Company’s monopoly. Initially a former Royal Navy officer George Shelvocke, on theSpeedwell, was to be in overall command but before they sailed in February 1719 Clipperton, captain of the Success, was put incharge and Shelvocke’s anger led to problems with the voyage. The ships were soon separated in the Atlantic and only met again,briefly, in the Pacific, off Mexico. Both captains took many prizes and made their separate ways across the Pacific to China andthe East Indies, losing their ships and switching to prize vessels en route. Clipperton eventually returned to his family in Galwayin Ireland in June 1722 but died within a week from the privations of his 31⁄2-year journey. Shelvocke reached Dover a monthlater and was arrested for allegedly hiding some of his prizes from the shareholders but managed to do a deal with them. Thenext year he published A Voyage Round the World by Way of the Great South Sea, said to have inspired Coleridge to write TheRime of the Ancient Mariner. He lived on to 1742, his tombstone saying he was “a gentleman of great abilities in his profession”.

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382Herefordshire and Gloucestershire CanalNavigation, £100 share, 1793, no.663, black, onvellum, seal removed as cancellation, ink cancelled inred across face, vellum somewhat yellowed but very fine.

£150-180

383Somersetshire Coal Canal Company, Lock Fund,certificate for one share number 2343, 18[03], smallformat, black on thick paper, waxed seal, very fine.

£120-150

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

CANALS379A small group of Canal and Railway certificates,comprising Thames and Severn Canal-Navigation,New shares, 1809, red printing, on vellum, ink fadedand dirty surface; Birmingham Canal Navigations,subdivided share receipt, 1835; Liverpool, Manchesterand Newcastle upon Tyne Junction Railway Co., £20share, 1846; Bristol & Exeter Railway Co., debenturebond, 18[50], seal removed and ink cancelled, andBuckfastleigh, Totnes and South Devon Railway Co.,debenture stock, 18[79], perforated cancelled and somestaining, generally very fine unless stated. (5)

£80-100

380A group of Canal and Railway certificates,comprising Oxford Canal navigation, £100 shares,19[03]; Sharpness New Docks and Gloucester &Birmingham Navigation Co., ordinary consolidatedstock, 18[906]; Staffordshire and WorcestershireCanal Co., 41⁄2% debenture stock, 187[914] andConsolidated stock, [1894]; Cambrian Railways Co.,4% preference stock, 1900 or 1901 (3 examples);Paisley Barrhead & Hurlet Railway, 5 shares, 184[6],part issued (2 examples); Waterford, Dungarvan andLismore Railway Co., £10 shares, 187[5]; City ofGlasgow Union Railway Co., 6 various types, 1870’sand 1880’s; Fishguard and Rosslare Railways andHarbours Co., preference stock, 19[38], 2 examplesand a report of the directors, 1916, of the GreatWestern Railway Co., mixed condition, mostlycancelled, fine and a few better. (19)

£100-150

381Grand Imperial Ship Canal, un-issued certificate for20 shares, Brighton 1827, vignette of Sailing Shipbeing towed by Steam Tug Boat, black on pink paper,together with Grand Southern Canal, prospectus forthe Canal dated 1811, black, both extremely fine.

£200-250

Sir John Rennie in 1811 surveyed this intended OceanShip Canal for ‘The Grand Southern Canal’, and laterfor ‘The Grand Imperial Ship Canal’ in 1825. Thecanal was to run 86 miles from London to Portsmouth atan estimated cost of £7 million.

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388Caledonian Railway Co., 4% preference stock, 1887,certificate for [£120], no.13/1436, dated [1902],scrollwork at left, red, printed by Gilmour & Dean,good very fine and a scarce type.

£60-80

389Channel Tubular Railway Preliminary CompanyLtd., certificate for 5 founders shares, 1892,no.88846-88850, very attractive piece with vignettesaround border of English and French coast, ships withtube resting on the seabed, black and yellow, goodextremely fine.

£100-150

390Charnwood Forest Railway Company, a pair ofcertificates, £10 share, 1874, no.1720, scrollwork atleft, embossed seal, black, together with £10 shares,18[82], no.250, scrollwork at left, black, aboutextremely fine and good fine respectively, the latter withslight edge damage. (2)

£80-100

384Thames and Severn Canal Navigation, an un-issuedbond for unspecified amount, 17- (circa 1790), notnumbered, vignettes in top corners of canalbridges/tunnels, black print on vellum, near extremelyfine.

£100-150

RAILWAYS385Aberdeen Railway Company, certificate for oneshare, 18[45], no.3212, shield and scrollwork to left,black, good very fine.

£60-80

386Bishops Waltham Railway Company, £10 share,186[2], no.446, black, and £20 5% preference share,186[4], no.53, both perforated cancelled, very fine toextremely fine. (2)

£60-80

387Caledonian Railway Company, certificate forScottish Central 41⁄2% preference stock no.1, 18[71],no.1003, blue; 6% preference stock, 18[74], no.5145,black; deferred ordinary stock no.1, [1906],no.17/5401, purple, together with other relateddocuments (9), mixed condition, fine to very fine. (12)

£100-150

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395Cowbridge Railway Company, a trio of certificatescomprising £10 share, 18[63], no.680, black; £10shares, 18[79], no.19, scrollwork at left with vignetteof Cow on bridge, black, and, debenture stock ‘C’,18[76], no.15, scrollwork at left, large red underprint‘C’, all cancelled, all with professionally repaired tearsat top, very fine. (3)

£100-120

396Derbyshire, Staffordshire & WorcestershireJunction Railway Company, certificate for one share,18[47], no.1841, ornate title, scrollwork andembossed seal to left, black heavily watermarkedpaper, good very fine.

£60-80

397Devon & Cornwall Railway Company, a pair ofcertificates for £20 shares, ‘Western Extensions’,18[78], no.8, and ‘Extensions to Plymouth andDevonport’, 18[77], no.16, both with decorative titlesand scrollwork at left, black, perforated cancelled, bothgood very fine. (2)

£80-100

391City Railway, scrip certificate for 5 shares of £50each, £2 per share deposit paid, 1836, no.482, blueprint on vellum, very fine and scarce.

£150-200

392Colne Valley and Halstead Railway Company,certificate for £10 share, 18[61], no.3916, black,stamped in red ‘EXTENSION’, good very fine.

£60-80

393Cork, Blackrock and Passage Railway Company, aproof certificate for £20 ordinary shares, circa 1880,decorative title, black printing on thick card, extremelyfine.

£60-80

394Cornwall Railway Company, a group of 14certificates for £50 shares, 184[6], numbers 808-9,816, 826-8, 846-848, 853, 861-863 and 876,scrollwork at left, black on dark green paper, attractiveembossed seal, generally about extremely fine. (14)

£150-180

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402Dundee and Perth and Aberdeen Railway JunctionCompany, certificate for ‘quarter shares’ stock,18[65], no.521, ornate title and scrollwork to left,green, very fine and scarce.

£80-100

403Dundee Suburban Railway Company, certificate for£10 shares, 18[87], no.42, embossed seal depictingsteam engine at bottom left, black, good very fine andscarce.

£80-100

404Eastern and Midlands Railway Company, Lynn,Yarmouth and Norwich Section, certificate forordinary stock, 188[3], no.59, scrollwork at left,green, together with map of the railway network andprospectus for the issue of £45,000 5% first preferencestock, very fine. (3)

£60-80

398Devon and Somerset Railway Company, certificatefor B debenture stock, 18[89], no.590, scrollwork atleft, black on pink paper, very fine.

£60-80

399Devon South Hams Light Railways Company,certificate for £1 ordinary shares, 190[5], no.11,black, embossed seal bottom right, rusty paperclipmarks at top edge, very fine and scarce.

£60-80

400Direct London and Exeter Railway, with extensionto Falmouth and Penzance., scrip certificate for 20shares of £25 each, 1845, no.E24, green, printed byWaterlow & Sons, about very fine.

£60-80

401Dublin, Belfast and Coleraine Junction Railway,certificate for 5 shares of £50 each, no date (circa1846), no.4726-4730, black on pale blue paper,together with Navan & Kingscourt RailwayCompany, £10 share, 1871, no.5791, decorative titleand scrollwork to left, crown logo under title, goodvery fine and extremely fine respectively. (2)

£80-100

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410Festiniog Railway Company, certificate for 4%debenture stock, 19[34], no.39, ornate border, greyand black, embossed seal with Prince of Wales feathers,about very fine.

£60-80

411Fleetwood, Preston & West Riding JunctionRailway Co., £12 share, 1846, no.7685, attractivevignette of coats of arms with steam train and ploughin background, black with pink underprint, attractivered embossed seal, good very fine.

£80-100

412Forest of Dean Central Railway Company, a pair ofcertificates, one share of £10, 1860, no.3681, crown attop, black, and 6% preference share of £10, 1864,no.2848, black on pink paper, very fine and extremelyfine. (2)

£60-80

413Gifford and Garvald Railway Company, a proofcertificate for £10 shares, 18[—], circa 1895,decorative title, printed on card, black, creased at right,good very fine.

£60-80

405East and West Junction Railway Company,certificate for £20 share, 1864, no.5993, scrollwork atleft, embossed seal, black, very fine and scarce.

£60-80

406Edinburgh & Bathgate Railway, certificate of £25share, 184[8], no.5849, green paper seal, blue on bluepaper, together with a draft declaration of deceasedshareholder dated 1896, very fine. (2)

£60-80

407Edinburgh and Glasgow Railway, a pair ofcertificates, £1000 consolidated stock, 185[5],no.3732, scrollwork at left, black, and New Stock scripcertificate for 4 shares, 184[2], first call and second tofifth call slips detached, red, very fine and finerespectively. (2)

£80-100

408Edinburgh, Leith & Granton Railway Company,mortgage bond, 184[8], no.28, black, folio,handwritten PAID on face, very fine.

£60-80

Originally received its authorization in 1836 as theEdinburgh, Leith and Newhaven Railway and changedits name later. Only built a very short stretch of line fromEdinburgh to Trinity Harbour.

409Electric Railways Company Ltd., certificate for £1ordinary shares, 190[1], no.202, decorative borderand scrollwork, embossed seal at bottom left, printedby Waterlow & Sons, black, very fine.

£60-80

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417Great Northern Railway Company (Ireland), agroup of five certificates comprising; ordinary stock,18[900], no.24272, scrollwork at left, black;consolidated 4% preference stock, 19[32], no.12374,ornate title and scrollwork to left, brown; consolidated4% debenture stock, 19[32], no.12257 and 19[45],no.16126, this with edge tear, both red with yellowunderprint; ordinary stock, 19[32], no.48237, ornatetitle and scrollwork, black, very fine and better. (5)

£80-100Some of the oldest railways in Ireland wereamalgamated to form the Great Northern Railway ofIreland, including the Ulster and the Dublin andBelfast Junction Railways. It was incorporated in 1876and later became jointly responsible for numerousnarrow-gauge lines with the Midland Railway ofEngland, known as the County Donegal Railways JointCommittee.

418Great Southern and Western Railway Company,Ireland, 4% guaranteed preference stock, 19[04],no.2962, scrollwork at left, green, about very fine.

£60-80Incorporated in 1844 for a line linking Dublin andCork, the line opened in stages from 1846 to 1849 withlater extensions in 1877 and 1885. Smaller railwayswere also amalgamated with the Great Southern andWestern.

419Great Western Railway Company, a small collectioncomprising; fifth share of £20, 18[41], no.85563,turquoise with peach underprint, green paper seal;debenture stock, 18[88], no.16429, ornate title,green, cancelled; 5% consolidated guaranteed stock,19[11], no.98981, orange; 5% consolidatedpreference stock, 19[17], no.99429, blue; 5%consolidated preference stock, 19[23], no.18812,blue, all cancelled, except the first, and otherpaperwork (4), fine to very fine. (9)

£100-150The company was incorporated in 1835 after numerousother attempts for a railway linking London to Bristol.The line opened in 1841 and soon built connections withother railways in the West of England. It also absorbed,purchased and leased railways running in the Midlandsand Wales, eventually covering 6398 miles of singletrack by 1921.

414Great North of England Railway Co., £100 share,18[36], no.3377, chain at left with names of townsthrough which the railway passed on each link, black,embossed seal, together with related transfercertificates (4), good very fine.

£120-150

415Great North of Scotland Railway Company,preference consolidated capital stock, 18[60], no.424,scrollwork at left, blue, about very fine.

£60-80

416Great Northern Railway Company, a mortgagebond for £1000, 1865, no.4540, decorative title withshields in centre, black on lilac paper, cancelled byremoval of seal, together with £25 share, 1846,no.128453, shields under title, embossed seal, blackon lilac paper, and, various letters and documentsmostly relating to share issues (9), very fine andinteresting lot. (11)

£60-80

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422Ilen Valley Railway Company, certificate forordinary stock, 18[84], no.29, ornate border,scrollwork at left, black with green underprint, printedby Waterlow & Sons, very fine.

£80-100

Incorporated in 1872 as the Dunmanway andSkibbereen Railway, the Ilen Valley Railway Company(as it was later known) also built the Bantry ExtensionRailway. The line was worked by the West Cork, andlater the Cork and Bandon companies.

423Isle of Man Railway Company Ltd., certificate forperpetual 5% preference share of £5, 187[5],no.A5582, scrollwork to left, black, ink cancelled,together with Foxdale Railway Company Ltd.,certificate for £5 shares, 18[88], no.23, not signed orcountersigned, decorative title with fox and trisceleslogo at centre, black, good very fine and extremely fine.(2)

£60-80

424Kent Railway, certificate for five shares of £50 each,1836, no’s 4366-4370, shields to left, black, a littletoned, about very fine.

£80-100

420Guernsey Railway Company, Ltd., a group of fourcertificates comprising; £5 preference shares, 18[95],no.98, embossed seal, red; £5 preference shares,19[46], no.358, red, red paper seal; £1 ordinaryshares, 19[48], no.961, ornate border, black; £1ordinary shares, 19[46], no.860, ornate border, redpaper seal, black, all cancelled, the last three by tearthrough the seal, fine to very fine. (4)

£80-100

421Hereford Railway, share ticket no.25, 1829, blackprinting on vellum, red wax seal on silk at bottom, alittle foxing, very fine and scarce.

£400-500

Incorporated in 1826 for a horse operated tramway,which opened in 1829. This railway along with otherswas purchased by the Newport, Abergavenny andHereford Railway, which later amalgamated with theOxford, Worcester and Wolverhampton Railway in1860. Initially named the ‘West Midland’, it’s directcompetition with the Great Western was avoided in theunification of the two companies.

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429Liverpool and Manchester Railway, £25 share,1831, no.13914, black on vellum, red paper seal atbottom right, surface a little grubby but extremely fine.

£300-400The company was incorporated in 1826 with the aim ofreplacing the costly method of transportation of goodsbetween the cities, which was limited to waterways. It metwith much opposition initially and was eventuallyopened in 1834. The railway cost well over £1,000,000once finished.

430Liverpool Overhead Railway Company, a group offive certificates comprising; 5% preference shares for£10, 189[3], no. 167, vignette of city under title,scrollwork to left, probate notes attached to reverse;5% preference shares for £10, 19[23], no.1145, designas previous; 5% preference shares for £10 (1900),19[04], no.45, design as before but red print, probatenotes on reverse; certificate for £10 ordinary shares,18[94], no.901, ornate title with scrollwork, red onblue paper, 5% preference shares for £10, 19[42],no.1481, vignette of the city under title, all cancelled,fine to very fine. (5)

£60-80The company was incorporated on 24th July 1888 andtook over the intended work of the earlier Mersey Dockand Harbour Overhead Railway, which was never built.The line was the first electrically powered overheadrailway in the world. It was eventually closed in 1957 asit fell outside of the nationalisation scheme of BritishRailways.

431London and North Western Railway Company, acollection of 14 certificates including; consolidated 4%guaranteed stock, 18[81], no.5087, green; 3%perpetual debenture stock, 190[2], no.24120, red;consolidated stock, 19[10], no.99079, black;consolidated 4% preference stock, 19[15], no.11678,red; various consolidated stock certificates, 1840’s and50’s, and other documents, most are cancelled, mixedcondition, some with glue residue, many very fine.(14)

£120-150The company was incorporated in 1846 as anamalgamation of a number of existing railways,including the London and Birmingham, the GrandJunction and the Manchester and BirminghamRailways. It’s share capital once amalgamated withothers exceeded £17,000,000.

425Lanarkshire & Dumbartonshire RailwayCompany, certificate for £10 ordinary shares, 1[899],no.957, decorative title, scrollwork to left, brown,good very fine.

£60-80

426Leeds & Thirsk Railway Company, certificate forone share, 1845, no.15434, black on vellum, good veryfine.

£80-100

The company was incorporated in 1845 to connect thetowns by rail. In 1851 the name was changed to the LeedsNorthern and it eventually passed over to the NorthEastern Railway.

427Leeds & Thirsk Railway Company, a pair of scripcertificates for 1 and 5 preference shares, Leeds 1846,numbers 391 and 1090, black printing withdenomination in blue underprint, good very fine. (2)

£80-100

428Limavady & Dungiven Railway Company, £10share, 1882, no.8, black border, embossed seal atbottom left, good very fine.

£60-80

The company was incorporated on 4th July 1878 for a101⁄4 mile line connecting Dungiven to the Belfast andNorthern Counties Railway in Limavady. It was lateramalgamated with this company in 1907.

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434Manx Northern Railway Company, £5 shares,18[1904], no.150, coat of arms under title, scrollworkto left, together with certificate for 5% preferenceshares of £5, 187[9], no.53, design as before, bothgood very fine. (2)

£80-100

Incorporated in 1878 and opened the following year. Thecompany was absorbed by the Isle of Man Railway in1904.

435Mersey Railway Company, certificate forconsolidated ordinary stock, 19[03], no.1519,decorative title, scrollwork to left, black, very fine.

£60-80

Incorporated in 1866 as the Mersey Pneumatic RailwayCompany, the name was changed in 1868. The line ranby tunnel under the Mersey River, to connect Liverpoolwith Birkenhead. In 1871 various extensions were addedconnecting the line with existing railways in the areaand the national network.

432London, Worcester and South Wales RailwayCompany, £10 shares, 1870, no.3125, scrollwork toleft, black, very fine.

£60-80

433Manchester and Milford Railway, debenture for£[2000], 186[6], no.82, decorative title andscrollwork to left side, black, printed on vellum, withcoupons, perforated cancelled, good very fine.

£120-150

Originally incorporated in July 1860 for a line fromLlanidloes to Pencader, it was also authorised to buildan additional line the following year to Aberystwyth,however this was abandoned in 1880.

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438Midland Railway Company, a collection of 4certificates comprising; £10 4% preference share,1878, no.51513, blue; 2.5% debenture stock, 191[6],no.68879, olive green; consolidated 2.5% perpetualguaranteed preferential stock, 19[15], no.31515,green, cancelled; consolidated 2.5% perpetualpreference stock, [1912], no.93387, brown, cancelled,together with other documents (5) includingapplication for £50,000 perpetual 5% debenture stockfor the Somerset and Dorset Railway Companiesextension to the Midland Railway, 1874 and dividendwarrants with cheques still attached, very fine andbetter. (9)

£80-100

Incorporated in 1844 as the first major railwayamalgamation, involving the North Midland, MidlandCounties and the Birmingham and Derby JunctionRailways. Over several years many more railways werepurchased and it became a railway of outstandingimportance.

439Neath and Brecon Railway Company, certificate of£10 share, 1863, no.2998, embossed seal bottomright, black, very fine.

£60-80

440Newcastle-upon-Tyne, Edinburgh and DirectGlasgow Junction Railway Company, a pair ofcertificates, 5 shares of £20 each, 1846, no.649, blue,and 10 shares of £20 each, 1846, no.646, red,together with a notice of application to Parliament forAct of Incorporation, very fine. (3)

£80-100

441North British Railway Company, guaranteed stockcertificate, 18[63], scrollwork at left, black, repairedtears at top edge, together with 3% debenture stockcertificate, 18[99], scrollwork at left, red, and twodividend warrants, good fine and very fine. (4)

£80-100

442North Sunderland Railway Company, certificate of£10 shares, [1897], no.56, scrollwork at left, black,ink cancelled, very fine.

£60-80

436Middlesbrough & Guisbrough Railway Company,£25 share, 1852, no.340, early steam train with factoryand town in background, black on pink paper, lowerright corner cut away as cancellation, good very fine.

£200-250

437Middlesbrough & Guisbrough Railway Company,certificate for New ordinary share of £25, 1857,no.244, attractive piece with vignette of steam trainwith factory and town in background, black, lowerright corner cut away as cancellation, good very fine.

£200-250

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445Shrewsbury and Hereford Railway Company, £20share, 1846, no.24801, attractive piece with vignetteof cattle in field with Castle in background, scrollworkat left, black, together with Shropshire RailwaysCompany, certificate for fully paid stock of theShrewsbury undertaking, 189[1], no.623, black,extremely fine and about very fine. (2)

£80-100

446Shrewsbury and Hereford Railway Company, £20share, 1846, no.24698, vignette depicting farmlandwith castle in background, scrollwork at left, togetherwith 6 more British Railway certificates comprising;Cornwall Railway, £50 share, 184[5], no.5478; GreatNorthern Railway Company, £25 share, 1846,no.128429, printed by Waterlow & Sons; GreatNorthern Railway Company (Ireland), consolidated4% preference stock, 19[23], no.9548; LondonChatham & Dover Railway Company, £10 preferredshares, 1864, printed by Waterlow & Sons; Rugby,Derby and Manchester Railway, 10 shares of £25 each,1845, no.38591-38600, corner cut cancelled;Waterford, Dungarvan and Lismore RailwayCompany, £10 shares, 187[5], no.999, printed byWaterlow & Sons, generally very fine, some better. (7)

£100-120

447Southern Railway Company, a group of fivecertificates comprising; £10 preference shares, 187[2],no.52, black on green paper; £10 shares, 186[5], no.1,black on orange paper; £10 preference shares, 187[3],no.6, black on pink paper; debenture B stock, [1881],no.178, embossed seal, black and £10 BaronialGuaranteed shares, 187[915], no.290, black, aboutvery fine to extremely fine. (5)

£120-150

443Parsonstown and Portumna Bridge RailwayCompany, £10 shares, 186[1], no.28, embossed sealtop right, black, together with a related depositpayment receipt, 186[1], fine to very fine.

£80-100

444Ross & Monmouth Railway Company, £20 share,186[9], no.2469, black, together with a pair ofmortgage bonds for £100, 187[2], no.182 and £100,1892, no.735, the last two hole cancelled, very fine, thefirst good very fine. (3)

£100-120

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450Stockton & Darlington Railway Company,certificate for 4% preference share ‘B’ of £25, 1853,no.586, monogram at left, red, embossed seal, inkendorsement on face, good very fine and a rare varietyof this important company.

£200-300

451Tamar, Kit Hill and Callington Railway CompanyLtd., bond for £100, 186[5], no.39B, black, redpaper seal at bottom, together with a related transfercertificate, 186[4], for bond number 47B, black withpink underprint, red paper seal, both about very fine.(2)

£60-80

452Tees Valley Railway Company, a pair of certificates,£25 share, 1866, no.1221, black on yellow paper, and£6 preference share, 1875, no.315, black on greypaper, both extremely fine. (2)

£60-80

453Tottenham and Hampstead Junction RailwayCompany, £10 share, 186[3], no.2481, scrollwork atleft, black, spike hole at top, about extremely fine.

£120-150

448Southwold Railway Company, certificate for £10shares, 18[78], no.724, scrollwork at left, embossedseal, black, some surface dirt, good very fine.

£80-100

449Stockton and Darlington Railway Company, £25class A 5% preference share, 1858, no.15372, lovelyvignette of early steam train crossing bridge withfactory in the background, black on mauve paper,embossed seal, tiny bit of foxing, very fine to extremelyfine.

£300-400

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456Vale of Neath Railway Company, certificate of £20share, 1846, no.8953, scrollwork at left, black on paleblue paper, red embossed paper seal, extremely fine.

£60-80

457West Cornwall Railway Company, certificate of £20share, 184[6], no.6097, scrollwork at left, red paperseal bottom left, black, small crease at bottom left cornerotherwise extremely fine, together with certificate forguaranteed 5% stock, 19[19], no.897, black, glueresidue on reverse, cancelled, about very fine. (2)

£80-100

458West Highland Railway Company, a proofcertificate for £10 shares, 18[—], circa 1880, blackprinting, on thick card, extremely fine.

£60-80

459Wharfdale Railway Co., £15 share, 1846, no.9249,Craven Heifer in centre, black with very ornate blueunderprint, red embossed seal, extremely fine.

£80-100

454Underground Electric Railways Company ofLondon Ltd., Trust certificate for 100 shares of £1each, 19[09], no.206, British coat of arms at top,ornate border, blue, printed by American Bank NoteCo., about extremely fine.

£80-100

455Underground Electric Railways Company ofLondon Ltd., a specimen 6% income bond for £100,1912, from the Bradbury, Wilkinson & Co. archive,attactive vignette of underground train at station,ornate border, green and black, with coupons, lightpaper adhesion on reverse, about extremely fine.

£150-200

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460Wimbledon and Croydon Railway, a pair of scripcertificates for 5 and 10 shares, undated but circa1844, both with ornate scrollwork, green on bluepaper and blue on blue paper respectively, both aboutextremely fine. (2)

£80-100

461York and Carlisle and Durham, Westmorland &Lancashire Junction Railway Company, a pair ofscrip certificates, for 1 and 5 shares, undated but circa1844, red and blue respectively, good very fine andscarce. (2)

£80-100

TRAMWAYS

462Birkenhead Tramways Company, 6% preferenceshares of £10, 18[81], no.792, lovely vignette of theWoodside Ferry terminus with horse drawn tramwaiting to depart, several ships at the dockside, red,good very fine and scarce.

£100-120

463Blackpool, St. Anne’s and Lytham TramwaysCompany Ltd., a pair of certificates comprising 18shilling preference shares, 1[909], no.548, scrollworkat left, black on pink paper, and 16 shilling ordinaryshares, 1[909], no.768, scrollwork at left, black onyellow paper, both very fine. (2)

£60-80

Originally built under the Act of 1896, the tramway wasfirst operated by the British Gas Traction Company,using gas powered trams. These were unsuccessful and theBlackpool, St. Anne’s and Lytham Tramways Companypurchased the assets and gained authorisation in 1900 toreplace the line with an electric tramway, opened in1903. In 1922 the borough of Lytham St. Anne’s wascreated and the trams branded with the ‘Lytham St.Anne’s Corporation’.

464Hartlepools Steam Tramways Company Ltd, £5shares, 188[5], no.166, onate border and scrollworkto left, pink, together with 12 more TramwayCompanies comprising; Dudley & WolverhamptonTramways Ltd, £1 shares, 189[4], no.30; NorthLondon Tramways Company, £10 6% preferenceshares, 188[6], no.321; Glasgow Tramway &Omnibus Company Ltd, £9 shares, 18[95],no.1429; Dumbarton Burgh and CountyTramways Company Ltd, £1 shares, 19[22],no.A306; West Metropolitan Tramways Company,stock certificate, 18[90], no.18; South StaffordshireTramways Company, ordinary stock, 18[89],no.684; South Staffordshire Tramways (Lessee)Company Ltd., deferred shares of 5 shillings each,190[4], no.353; Hastings and District ElectricTramways Company Ltd., ordinary shares of 10shillings each, 19[32], no.96, also with a statement ofaccounts; British Electric Street Tramways Ltd.,£10 shares, 190[1], no.41; Ramsgate & MargateTramways Company, £20 mortgage debenture,188[3], no.119, and South Lancashire ElectricTraction & Power Company Ltd., £1 preferenceshares, 190[1], no.104, mostly very fine and better (13)

£150-200

465Hughes’s Locomotive and Tramway Engine WorksLtd, £10 shares, 187[9], no.166, attractive vignette oftram carriages under title, scrollwork to left, very fineand rare.

£80-100

The company was founded in 1866 by Henry Hughesand was based at the Falcon Works in Loughborough.They specialised in the design and manufacture of steamlocomotives and tram engines, supplying the quicklyexpanding British railway network.



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467Metropolitan Saloon Omnibus Co. Ltd., one shareof £1, 185[7], no.1252, attractive vignette of horsedrawn bus with inside and outside passengers, black,about extremely fine.

£80-100

468Northern Counties Transport Ltd., certificate fordeferred ordinary shares of £1 each, 19[12], no.27,vignette of motor wagon at top, green on very paleblue paper, also included is the original letter of issue,together with Road Carrying Company Ltd., £1shares, 1902, no.28, ornate title and vignettedepicting factory, ship and wagon, black, and LondonMotor Van & Wagon Company Ltd., £5 shares,189[7], no.16, decorative title black, the last torn andrepaired with uneven right edge, the remainder veryfine. (3)

£60-80


CABS AND BUSES466Birmingham Cab Company Ltd., £1 shares, 188[6],no.555, blue, together with Gamage-Bell Motor CabCompany Ltd., £1 preferred ordinary shares, 191[0],no.446, ‘bell’ in left border, black; London Improved CabCompany Ltd., £1 shares, 189[9], no.646, ornate border,blue; London Electrical Cab Company Ltd., £1 shares,189[8], no.1988, black; Metropolitan Motor Cab &Carriage Company Ltd., £1 ordinary shares, 190[6],no.89, blue; Universal Motor Cab Company Ltd., £1preferred participating ordinary shares, 190[8], no.60, black,and 4 different certificates of the British Motor Cab Co.Ltd., 1914, mixed condition but mostly very fine and aninteresting and scarce group. (10)

£120-150



SHIPPING

471Bridgwater Steam Towing Company, £15‘additional’ share, 1840, no.215, plain black printingon thick paper, good very fine and rare.

£150-180

469Railways & Metropolitan Omnibus CompanyLtd., certificate for £5 shares, 18[99], no.409,scrollwork to left, black, printed by Waterlow & Son,together with London Premier Omnibus CompanyLtd., £1 ordinary shares, 19[14], no.1637, ornateborder and scrollwork, blue, printed by Gale & PoldenLtd, and Cardiff & District Bus Co. Ltd., £1 shares,189[2], no.1056, company seal below title, red paperseal at bottom left, black, the first and second very fine,the latter with tear at top and a couple of edge nicks,about very fine. (3)

£60-80

470Star Omnibus Company, London, Ltd., certificatefor 51⁄2% cumulative preference shares of £5 each,19[07], no.1217, ornate border, vignette under titledepicting Omnibus’, green and black, printed byWaterlow Bros & Layton, light creasing, otherwiseabout very fine.

£60-80

Formed in 1899 to take over the Andrews Star OmnibusCompany which was operating since 1892. The LondonGeneral Omnibus Company attempted to purchase thecompany in 1900 but was unsuccessful, and due tocompetition from electric tramways and later theLondon Underground, the company wound up in 1908.

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AVIATION474An interesting group of aviation companies,comprising Wessex Aircraft and ShipbuildingCompany, Ltd., 1 shilling deferred shares, 19[18],no.23, embossed seal, blue; Aircraft ManufacturingCompany Ltd., cumulative participating ‘B’ preferenceshares of £1 each, 19[20], no.4010, green; BritishAerotechnical Company Ltd., 2 shilling shares,192[9], no.32, black; Eastern Counties AeroplaneClub, £1 shares, 19[32], no.16, red paper seal, blue;National Flying Services Ltd., 7% first mortgagedebenture stock, 19[29], no.187, green and black;Hawker Siddeley Aircraft Company Ltd., optioncertificate 5 shilling shares, 1938, no.3770, green;more modern certificates (3) and 3 dividend warrants,mixed condition, fine to very fine. (12)

£120-150

475E.R. Calthrop’s Aerial Patents Ltd., certificate for£1 shares, 19[17], no.21, vignette of wingedparachute under title, scrollwork at left, embossed seal,black, very fine.

£60-80

Patented the first British parachute, known as theGuardian angel which was used by the military at theend of WW1.

472Medway Steam Packet Co., certificate for one shareof £2, 18[38], no.516, attractive vignette of paddlesteamer arriving at port, black, very fine.

£150-200

473Thames Iron Works Shipbuilding & EngineeringCo. Ltd., debenture for £100, 190[1], no.394, veryornate border, vignette within title of allegoricalfigures with ships behind, red, hand stamp at top, goodvery fine.

£60-80

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BANKING AND INSURANCE479An early Lloyd’s Marine Insurance policy dated1771, insuring the ship ‘Action’ on its voyage from‘the Bay of Honduras to London’, in the name ofAlexander Gordon, the wine and spirit merchant,printed document with manuscript insertions,embossed duty stamp, very fine and rare.

£60-80

480A group of three Lloyds Insurace policies,comprising an entirely handwritten example insuringgoods on the Island of Grenada, 1772, embossed dutystamp; a marine policy issued by the office of EdwardDavis & Son at Lloyds, 1795, insuring goods carriedfrom Lisbon to Newburyport by the schooner‘Harmony’, printed form with manuscript insertions,and, a Lloyds standard policy insuring goods carriedfrom St. Vincent to London, 1837, the second only fairotherwise very fine and interesting lot. (3)

£60-80

481Asylum Life Assurance Company, certificate for oneshare, 1824, no.1244, finally fully paid in 1837, blackprinting, on vellum, crease at top right corner otherwiseabout extremely fine with usual discolouration.

£60-80

Acquired by Alliance Assurance Company in 1857.

482Credit Foncier of England Ltd., £50 debenture,May 1873; £100 debenture, November 1873, 5examples, both similar design with scrollwork at left,black with denomination in underprint in mauve andpink respectively, together with £50 debentures,18[75], two examples, very large format, ornateborder, blue and black, all with coupons, fine to veryfine. (8)

£60-80

PIERS, DOCKS, BRIDGES ANDHARBOURS

476Brighton Marine Palace and Pier Ltd., mortgagedebenture for £[200], 189[4], large format piece withdecorative title, black print on pink paper, embossedseal bottom left, 4 pages, very fine.

£60-80

x477Hammersmith Bridge Company, one share, [1824],no.1203, ornate scrollwork at left, large hexagonalpaper seal at bottom left depicting the bridge spanningthe Thames, black on vellum, vellum slightly yellowed,good very fine.

£150-200

478Highgate Archway Company, £50 share, 18[13],no.1835, attractive early piece with orange seal at leftwithin scrollwork, black on thick paper, very fine.

£200-250

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

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x485Kent Equitable Investment & Mutual BenefitBuilding Association, £100 share, 18[46], no.240,ornate scrollwork at left, small vignette of Kent shieldwithin embellished heading, at top, printed in black onvellum, small nick bottom, otherwise very fine.

£60-80

486Liverpool Colquitt Street Tontine, one share,Liverpool 180[7], no.82, black printing, on vellum,handwritten transfer on the reverse and not cancelledwhich is very unusual for this issue, a little yellowed, goodvery fine and scarce thus.

£60-80

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

487London & Globe Finance Corporation Ltd., agroup of 3 certificates for £1 shares, 189[7] [8] and[9], all with facsimile signature of Whitaker Wright;together with other British companies related tofraudsters including Mrs Bull Ltd., 2/6d preferenceshares, facsimile signature of Horatio Bottomley;British Glass Industries Ltd and British Window GlassCo. Ltd., both 19[20], both with facsimile signatureof Clarence Hatry; Photomaton Parent CorporationLtd., 10 shares, 19[28], 5 examples; City EquitableFire Insurance Co. Ltd., 1921 and British AmericaCorporation Ltd., 189[8], facsimile signature ofWhitaker Wright, also a group of Post War credits(43), Polytechnic Institution Ltd., £10 share, 1860and Cheltenham College, one share, 1881, mixedcondition but many fine and very fine. (58)

£100-150

483English & French Bank Ltd., bearer share for £10,188[1], no.94514, vignette of allegorical figures withlion, shield and ship in background, black, withcoupons, together with 8 more banking certificatescomprising; Charles Laffitte & Co. Ltd., £20 share,1866, no.2074, black; London & Westminster BankLtd., £100 share, 18[89], no.40538, black with pinkunderprint; London County Westminster & Parr’sBank, £1 shares, 1919, no.39180, ornate border,green; National Provincial Bank Ltd., two pieces,£1 shares, both 19[62], no.148924 and 187906,ornate border and vignette of Bank building, greenand yellow; Westminster Bank Ltd., three pieces, £1shares, 19[30], no.113579, ornate border, green, Bshares of £1, 19[59] and £1 shares, 19[36], generallyvery fine. (9)

£60-80

484Glasgow Merchants House, certificate ofmembership, Glasgow [1818], ornate border withsymbols such as clasped hands and scales, street sceneat top centre, black printing, on vellum, about veryfine.

£150-200

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489Times Fire Assurance Co., 100 shares of £1, 7shillings paid, 1854, no.5345, very attractive piecewith allegorical figures in centre with burningbuildings to left and burning ship to right, ornatescrollwork with numerous symbols such as cornucopiaand dolphins, black, about extremely fine.

£100-120

MOTOR CARS490Ascot Motor & Manufacturing Company, Ltd., apair of certificates comprising 2 shilling deferredshares, 19[28], no.143, scrollwork at left, embossedseal bottom left, red, and 8% participating preferredordinary shares of £1 each, 19[28], no.42, design asbefore, blue, filing holes at left, both very fine. (2)

£80-100

Founded by Cyril Pullin in 1928, the company producedthe Ascot-Pullin Motorcycle. Liquidated in 1930 due topoor sales.

488Royal Exchange Assurance, an early fire policy,178[1], covering property in Buckinghamshire, largeformat, vignette of company seal in square frame,scrollwork at left, black, paper seal at bottom right,some burn marks, split at folds but fine to very fine andscarce.

£60-80

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494Victory Cycle Manufacturing Syndicate Ltd.,certificate for £1 ordinary shares, 189[7], no.72,decorative title, company logo and scrolls to left, slateblue, good very fine.

£60-80

495Vulcan Motor Engineering Co. (1906) Ltd.,certificate for ordinary shares of £1, 19[29], no.2497,vignette under title depicting engineering works,scrollwork to left, black, good very fine.

£80-100

MINING496An interesting group of colliery and coalcompanies, comprising Clyne Steam Colliery Co Ltd.,£5 shares, 186[72], black; Neston Colliery Co. Ltd.,£10 shares, 18[80], black; Soothill Wood Colliery Co.Ltd., £20 preference shares, 1893, red; VictoriaColliery Co. Ltd., £100 share, 186[6], black; MorleyMain Colliery Co. Ltd., £1 shares, 19[03], black; D.Davies & Sons Ltd. (Ferndale Steam Coal Collieries),£100 debenture, 1896; Albion Steam Coal Co. Ltd.,£10 shares, 190[1], red with small vignette, and others(6), mixed condition but many are very fine. (13)

£80-120

491Motor Manufacturing Company Ltd., certificate for£1 shares, 190[1], no.857, decorative title and panelto left, embossed red seal bottom left, black, extremelyfine.

£80-100

Formed out of The Great Horseless Carriage CompanyLtd in 1896 with a capital of £750,000, this was one ofHenry John Lawson’s companies, who with Starley builtthe first safety bicycle.

492Straker-Squire Ltd., a group of 6 certificatescomprising; £1 shares, 19[18], no.2521, capital£175,000, decorative border, brown; 5 shilling shares,19[21], no.7365, capital £200,000, decorativeborder, mauve; £1 shares, 19[19], no.4000, capital£500,000, decorative border, blue; 5 shilling preferredordinary shares, 19[25], no.438, decorative title,embossed seal, black; 1 shilling proprietors shares,19[25], no.438, both with capital £420,000,decorative title, embossed seal, red; second mortgagedebenture stock certificate, 19[21], no.533,scrollwork at left, black, pink underprint, generally veryfine and better. (6)

£100-120

Formed in 1893 as Brazil, Straker & Co., in Bristol, thecompany produced steam wagons, they later also had afactory in London. Squire joined the partnership in1904. They took on aircraft engine repair andmanufacture and followed that with bus, truck and carproduction until 1926.

493Swift Cycle Company Ltd., first mortgage debenturecertificate for £100, 1902, no.420, made out to theDunlop Tyre Company, ornate border, black,extremely fine.

£60-80

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499A good selection of Welsh metal miningcompanies, comprising Brynpostig Mine Ltd.,certificate for £1 shares, 18[68], no.126, grey; NewBrynpostig Lead Mining Co. Ltd., £2 shares, 18[70],no.224; Bwlchglas Mining Company Ltd., £1 shares,189[0], no.26; Cardiganshire Consolidated MiningCompany Ltd., £1 shares, 1[890], no.52; Cyffty LeadMining Company Ltd., £1 shares, 19[00], no.79;Cwm Vron Lead Mining Company Ltd., shares of£2.10 shillings each, 1871, no.305; East Cwm VronLead Mining Company Ltd., £2 shares, 187[2],no.67; Talargoch Mining Company Ltd., ordinaryshares, 18[73], no number; Minera Ragman MiningCompany Ltd., £5 shares, 18[63], no.1032; MineraMining Company Ltd., five £5 shares, 1871, no.7881-7885; New North Halkyn Mines Ltd., £1 shares,190[8], no.216; Glan Clwyd Lead Mining Co.Ltd., £1 shares, 187[5], no.164; generally very fine.(15)

£300-400

500Blaenavon Iron & Coal Company, certificate tobearer for 5 shares of £50 each, 1836, no.4471-4475,decorative title, black, printed on vellum, 4 pages withcondition printed on the reverse of page 2, slightdiscolouration, otherwise very fine and scarce.

£150-200

The company was formed in 1836 and purchased theBlaenavon Ironworks in the same year. It went intoliquidation in 1864.

497An interesting group of Devon and CornwallMining certificates, comprising Shepherds UnitedLtd., 188[6] (2 examples); North Hallenbeagle Tin &Copper Mining Co. Ltd., 186[0] (4 examples); SouthDevon Iron & General Mining Co. Ltd., 1859 (2examples); Truman Ltd., £4 shares, 189[2]; WhealKitty Tin Ltd., 192[6]; Kingsdown (Hewas Water)Tin Mines Ltd., 192[4]; Killifreth Mine Ltd., [1923],and, Wheal Reeth Tin Ltd., 19[34] (2 examples),mixed condition but mainly very fine, some better. (14)

£180-220

498A good group of North of England metal miningcompanies (7), comprising Crookburn MiningCompany Ltd., certificate of ordinary shares, 18[79],no.3659-3708, scrollwork at left, a little foxing;Borrowdale Plumbago Mines & ManufacturingCompany Ltd., £1 shares, 18[88], no.372; WinnieMine Company Ltd., £1 shares, 18[93], no.51;Healeyfield Mining Company Ltd., certificate ofshares, 18[88], no.20188-20207, this in poorcondition; Victory Lebel, Burnt Heath and WaterGrove Mining Company, one share, 1857, no.936;Gamblesby Fell Mining Company, certificate of shares,185[3], no.3931 to 3940, and, Ulverston MiningCompany Ltd., one share of £20, 1873, no.2170, veryfine to extremely fine unless stated. (7)

£120-150

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504Dolcoath Mine Ltd., a group of five certificatescomprising; £1 shares, 189[1900], no.1746, ornatescrollwork at left, red; 1 shilling priority shares,19[21], no.305, ornate border, red; option certificatefor 10 shilling shares, 192[4], no.859, ornate border,blue; 10 shilling shares, 19[24], no.2075, ornateborder, grey, and, 10 shilling shares, 19[29], no.3800,ornate border, grey, the first very scarce, generally aboutvery fine. (5)

£80-100

Dolcoath was a Copper and Tin mine in Camborne,Cornwall and had been mined for copper since 1720. In1895 it was reconstructed with a new shaft and becamea limited company. In 1920 having become almostworked out, the mine was closed. The company was thenreformed in 1923 as an amalgamation of severalsmaller mines with a new circular shaft. In 1936 it wassold to South Crofty Mine.

505Great Work Tin Mining & Development SyndicateLtd., certificate for £1 shares, 189[6], no.55,scrollwork at left, red, together with Great Work TinMines Ltd., ordinary shares of 2 shillings each,19[35], no.1, ornate border, blue with blueunderprint, very fine and nearly so. (2)

£80-100

501Blaenavon Iron and Coal Company, certificate tobearer for half shares of £25 each, £2 10 shilling paid,184[5], no.15, black, printed on vellum, slightdiscolouration, otherwise good very fine.

£150-180

502Blamey Consols Tin Mine Ltd., certificate for £1shares, 189[9], no.55, scrollwork at left, black,together with 6 more British mining certificatescomprising; King Arthur Silver-Lead Mine Ltd., 5£1 shares, 1871, no.1477, Glan Clwyd Lead MiningCo. Ltd., two pieces, £1 shares, 187[5], no.154 and155, Caldbeck Fells Consolidated Lead & CopperMining Co. Ltd., three pieces, two certificates for re-issued shares of £2 each, 1870, no.8261-8265 and26076-26080, and certificate for 10% redeemabledebenture stock, 18[75], no.25, generally very fine.(7)

£100-120

503Denaby Main Colliery Co. Ltd., a group of 37debentures for £100, 188[9], including no.1, withno coupons, long format, black, with attachedcoupon sheets, some of which do not match the serialnumbers of the bonds, very fine and better. (37)

£100-150

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508Welsh Gold!, A scarce trio of certificates comprisingSt. David’s Gold and Copper Mines Ltd., certificatefor 5 shilling shares, 190[1], no.20, decorative title,scrollwork at left, Voel Mines (Merioneth) Ltd., £1shares, 190[1], no.96, red, and North Wales GoldLtd., certificate for 5 shilling shares, 19[36], no.7,ornate border, blue and black, the first two with rustypin holes, generally very fine and all scarce. (3)

£100-150

509West Cork Mining Company, London, a group of25 certificates for one share of £50, [1835], black onthick paper, good very fine and better. (25)

£200-250

x510West Cork Mining Company, £50 share, London[1836], no.1895, ornate scrollwork at left, printed inblack on vellum, good very fine.

£60-80

506Minera Mining Company Ltd., two certificates forfive £5 shares, 1871, no.3196-3200 and no.3201-3205, black on blue paper, together with moremining/coal companies comprising; LincolnshireBoring Syndicate Ltd., “B” shares, 192[5], ordinaryshares, 192[5], and 7% Notes, 1925; East KentColliery Company, one certificate for 1 shillingvendors shares, 191[1], eight certificates for ordinaryshares, 191[4], red and blue respectively; East KentContract and Financial Company Ltd., threecertificates for £1 shares, 19[10] and 19[11], red andgreen (these only fine); Extended Extension Ltd., twocertificates for ‘B’ shares, 19[26], black; SnowdonColliery Ltd., certificate for £1 preference shares,191[0], red (this one only fine); South EasternCoalfield Extension Ltd., two certificates for ‘B’shares, 19[26], brown; Ebbw Vale Steel Iron &Coal Company Ltd., certificate for ‘B’ 7% preferenceshares, 1933, red; Kent Coal Concessions Ltd,South Eastern Coalfield Extension Ltd, ExtendedExtension Ltd and Deal & Walmer Coalfield Ltd.,three pieces, one £5 bond, 1915, blue, two £100bonds, 1915, blue and green, condition generally fromvery fine unless stated. (34)

£100-120

507Penryn Granite Quarries Company Ltd., threecertificates for £20 shares, 186[6], no.408, 409, 414,vignette under title depicting ship at port, scrollworkat left, black, together with 12 more Slate/Stonecompanies comprising; Llangollen Lime and FluxingStone Company Ltd., £10 share, 1881, no.64 and79; Liverpool and Birkenhead Slate and SlabCompany Ltd., class A share for £20, 1859, no.683;New Delabole Slate Quarries Ltd., 10 shillingshares, 19[21], no.126; Abercwmeiddaw SlateQuarry Company Ltd., £100 share, 18[98], no.66,top right corner torn away; Pen-y-Bryn SlateCompany Ltd., £50 share, 1882, no.229, damaged;Wheal Rashleigh and Criggan China ClayCompany Ltd., £1 shares, 19[13], no.81, cancelled;Knightor, Treverbyn and Resugga Haematite IronOre Co. Ltd., £10 share, 1872, no.762; TraffordStone Company Ltd., £1 ordinary shares, 190[2],no.17 and modern certificates (3), generally very fineunless stated. (13)

£120-150

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514Gas Light and Coke Company, £50 share, 181(2),no.1919, ornate black printing, on vellum, red paperseal to left, usual yellowing of vellum otherwise good veryfine.

£80-100

515Gas Light and Coke Company, £50 share, 181[2],no.1926, black printing, on vellum, red seal at left,signed by the secretary, good very fine.

£80-100

516Metropolitan Water Board, 3% Metropolitan water(A) stock, a group of 20 certificates for varyingamounts of stock, 19[06], serial numbers between 164and 3921, scrollwork at left, blue, perforatedCANCELLED, generally very fine. (20)

£60-80

517West Middlesex Water Works, certificate for 1 shareof £100, 1813, no.3153, with all 15 instalmentsstamped as paid, large format, black, 4 pages,impressed duty stamps, together with 2 related printedtransfer certificates dated 1829 and 1830, very fine. (3)

£80-100

x518West Middlesex Water Works, £100 share, 1813,no.3910 together with scrip receipt for one share,1810, no.1558, share printed in black on vellum withlarge red seal, scrip on paper, share good very fine, scripsplit at folds fine. (2)

£60-80

519A useful group of English Golf Club certificates(5), comprising Ashton & Lea Golf Club Ltd., 10sshares, 1936; Hunstanton Golf Club Ltd., £1 shares,1926; North Downs Golf Club Ltd., £25 debenture,1912; Perranporth Golf Club, loan certificate, 1927and Walmley Golf Club Ltd., £1 shares, 1909,generally very fine or thereabouts. (5)

£80-100

511Public Utilities: A group of certificates comprising;East London Water Works, £100 share, 1847,no.4482, black printing, on vellum, red seal, withrelated transfer, also on vellum; Ulverston Gaslightand Coke Company, pair of certificates for £30 share,1847, black on grey paper and £7 10s quarter share,1858, black on grey paper, and, Maxwelltown andDumfries Gas Company, shares, 18[68], small plainformat, very fine to extremely fine. (4)

£80-100

x512British Gas Light Company, £50 share, 18[25],no.2924, ornate scrollwork at left, embellishedheading with Gas Light ‘illuminated’, printed in blackon vellum, conditions printed on the reverse, aboutextremely fine.

£80-120

x513British Gas Light Company, £50 share, 18[25],no.2925, ornate scrollwork at left, embellishedheading with Gas Light ‘illuminated’, printed in blackon vellum, conditions printed on the reverse, aboutextremely fine.

£80-120

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GAS, WATER & ELECTRICITY



524A group of British share certificates (12), andprivate loan documents, insurance policies andmiscellanea (36), dating from the 17th centurythrough to the early 20th century, includesReversionary Interest Society, one share, 1823, black,on vellum; Mediterranean Electric Telegraph, share,1853; West Cowes Sea Bathing Co. Ltd., 1870 (2examples); an office copy of a share transfer in thePortsmouth and Arundel navigation dated 1821, andMudies Select Library Ltd., £20 share, 1864, aninteresting lot worth close inspection, varied conditionbut many very fine. (48)

£200-300

525Anti-Dry Rot Company, two shares of £25 each,London 1836, no.4373, 4374, black printing onvellum, 4 pages, cut a little close at left, good very fineand rare.

£120-150

Purchased the John Howard Kyan patents for preservingwood in 1836 and the process was widely used onimportant buildings including buildings in Regent’sPark and the British Museum. Although the process wasused for wooden sleepers on the railways the ironfastenings corroded more quickly and better chemicalprocesses soon evolved to tackle the problem. The companywent out of business in the mid 1850’s.

520A group of British certificates (36), includingQueen Street (Cardiff) Arcade Co. Ltd., 1886; CardiffSteam Laundry Dyeing Carpet and Window CleaningCo. Ltd., 1901 over 189-; Bennett Park Art Club &Studio Co. Ltd., 1889; Gourock Confectionery Co.Ltd., 1894; Rhos-Llantwit Coal Co. Ltd., 1865;European & American Steam Shipping Co. Ltd.,1857; Dundee, Perth and London Shipping Co.,1868; Overend Gurney & Co. Ltd., 1865; De BeersConsolidated Mines Ltd., 1927, the balance withslight duplication, many 1920’s and 30’s, mixedcondition but many are very fine and better. (36)

£80-100

521A group of British certificates (17), includingPortsmouth New Harbour Co. Ltd., 191[4];Middleton & Tonge Cotton Mill Co. Ltd., 18[75],large vignette of mill; Mediterranean ElectricTelegraph, 185[4]; South Down Metal, Chemical andBrick Co. Ltd., 188[8]; Royal Mail Steam Packet Co.,19[33], and Hampshire Advertiser County Newspaperand Printing & Publishing Co. Ltd., various proofcertificates, generally very fine or thereabouts. (17)

£100-150

522Three early British certificates, comprisingMonmouthshire Iron & Coal Company, one share,183[7], no.2619, issued to Admiral Sir Henry Digby;Reversionary Interest Society, one share, 182[3], largeformat, black, on vellum, and, Colquitt StreetTontine, share no. 54, Liverpool 180[7], black, onvellum, ink cancelled, fine to very fine. (3)

£100-150

523A good collection of British certificates, comprisingMetropolitan Saloon omnibus Co. Ltd., 185[7],lovely vignette of horse drawn coach; Norfolk andNorwich Museum, share ticket, undated but circa1838; Strand Music Hall Co. Ltd., 1862; BrightonTurkish Bath Co. Ltd., 1869; West Cowes SeaBathing Co. Ltd., 1870; Mudies Select Library Ltd.,1864, signed by Mudie; Rossendale Union FoundryCo. Ltd., 1861; Inventors Assistance Company Ltd.,1859; Library Co. Ltd., 1862; British Honduras Co.Ltd., 1864; Northern Investment & Discount Co.Ltd., 1866; Drypool Workman’s Club Co. Ltd., 1878;Dumfries Cemetery Co. Ltd., 1881; ContinentalMining and Metallurgical Co. Ltd., 1890;Commercial Union Permanent Land, Building &Investment Society, 1880; Englebourne Slate QuarriesLtd., £20 debenture, 1877, and others (7), fine toextremely fine. (23)

£150-200

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COMMERCIAL & INDUSTRIAL



528“Catseye” (Parent) Company Ltd., a pair ofcertificates comprising 8% cumulative participatingpreferred ordinary shares of 5 shillings each, 19[28],no.11, ornate border, navy blue, and deferred shares of1 shilling each, 19[28], no.11, design as before, red,both about very fine. (2)

£60-80

529Chester Race Company Ltd., two certificates, eachfor £100 share, 189[3], no.90 and [1922], no.322,both have scrollwork to left and embossed seal,together with; Ensbury Park (Bournemouth)Racecourse Co., £1 shares, 19[23], no.46, redembossed seal, ornate border, blue; GreyhoundRacing Association (South Wales) Ltd, 1 shillingshares, 19[27], no.10, decorative title and scrollwork,red; Greyhound Racing Association (Liverpool) Ltd.,£1 preference shares, 19[27], no.70, ornate borderand scrollwork, red, generally very fine or better. (6)

£60-80

530Chibnall’s Bakeries Ltd., a quantity of certificates for6% cumulative preference shares of £5 each, fully paidup, green (6) and £1 ordinary shares, blue (23), datesfrom 1899 to 1904, attractive piece with vignette ofbakery buildings under title, border includingvignettes of interior of bakery, wheat and stores,printed by Waterlow & Sons Ltd., all ink cancelledacross face, generally very fine or thereabouts. (29)

£200-300

x526British Aluminium Co. Ltd., a specimen 5%registered Prior Lien debenture for £100, 19-(annotation for 1910), from the Bradbury, Wilkinson& Co. archive, vignette of Kinlochleven works at top,green and black, numbered 0000, small hole cancelsover signature area, with coupons, American style,extremely fine.

£60-80

527Cambridge Cemetery Company, £10 share, 1843,no. 69, issued to Ebenezer Foster and signed byhim and George Ebenezer Foster as Directors,black on cream paper, together with WinchesterCemetery Company, share no. 291, 184[1], blackprinting on vellum, pink paper and wax seal, very fine.(2)

£60-80

The cemetery of some 15 acres was situated on the Northside of Mill Road and was consecrated in 1848. TheBaptist Foster family were mill owners and founded avery successful bank in the town. They were heavilyinvolved in many local businesses and projects andEbenezer served as mayor in 1836/37. Fosters bank wassold to Lloyds bank in 1918.

115



533Edison Telephone Company of Glasgow Ltd.,certificate for 1 share of £100, 18[80], no.15,scrollwork at left and right, black, two light foldsotherwise extremely fine.

£60-80

534Evans’s (Covent Garden) Ltd., a group of 100121⁄2% debentures for £10 each, 1871, part of an issueof £10,000, together with a group of 25 121⁄2%debentures for £10 each, 1871, numbers 1 to 25,second issue, total £4,000, scrollwork at left, black,with coupons, a little surface dirt but very fine andbetter. (125)

£200-300

535Gas 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)

£120-150

531E. Mendelssohn & Co. 1906 Ltd., bearer warrantfor 5 preference shares of £1, 1906, no.5033,attractive piece with vignettes of factory, early motorcar and roadway, ornate border, brown, text in Englishand French, with coupons, good very fine.

£60-80

532Eastern Telegraph Company Ltd, certificate forordinary stock, 18[98], no.6127, ornate border andscrollwork to left, blue with yellow underprint, printedby Waterlow & Sons, together with ElectricTelegraph Company of Ireland, certificate for five£1 shares, 185[2], no.27926-27930, scrollwork atleft, and Mediterranean Electric Telegraph, £10bearer share, 185[-], no.21347, coat of arms andshield under title, text in French, English and Spanish,good very fine to extremely fine. (3)

£80-100

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540John Rigby & Co. (Gunmakers) Ltd., £10 shares,190[18], no.18, ornate border, grey with yellowunderprint, together with three more relatedcompanies comprising; National ExplosivesCompany Ltd, £1 shares, 1[901], no.2152 and19[02], no.2558, both black with green underprint,and Schultze Gunpowder Company Ltd., certificatefor shares of £3:6:8, [1905], no.510, ornate border,vignette of hand grasping lightning bolts under title,black and orange, all very fine. (4)

£80-100

x541London Clinic & Nursing Home Ltd., £1 shares,12s 6d paid, 19(29), no.114, scrollwork at left, black,slight tone spotting, very fine.

£40-50

542New Phonopore Telephone Company Ltd, £1shares, 189[914], no.106, scrollwork at left, blue,together with five more Telephone Companycertificates comprising; Kilduchevsky MegaTelephone Syndicate Ltd, £1 shares, [1897], no.8,blue, Telephone Construction Company Ltd, £1shares, 1898[9], no.52, black, National TelephoneCompany Ltd, three certificates, £5 third preferenceshares, 189[9], no.6238, maroon, £5 third preferenceshares, 18[95], no.3794, purple, and £5 thirdpreference shares, 19[10], no.9698, maroon, thesecond from last with hole in centre, the last has cornermissing otherwise generally very fine. (6)

£80-100

536Glasgow Ayrshire Society, certificate of membership,Glasgow 18[01], no.997, very attractive piece witharms in centre, cathedral at left, shipping at sea toright, black printing, on vellum, very fine and rare.

£300-400

Society founded in 1761 “to contribute as much aspossible towards the relief of the distressed”.

537Golf Illustrated Ltd., £50 debenture, 1933, no.34 of60 issued, ornate ‘tile’ style border, olive green withgreen underprint, embossed seal bottom right, withcounterfoil, together with Stableford & Co. Ltd.,debenture for £100, 1923, no.298, in the name ofFrank Stableford of Wallasey, ornate scrolled border,blue, embossed seal bottom left corner, both very fine.(2)

£60-80

Although Stabelford & Co were railway carriagebuilders based in Coalville, Leicestershire, FrankStableford was the inventor of a golf scoring system usingpoints rather than strokes played.

538Hotel Metropole (Cromer) Ltd., a group of 23 FirstMortgage debentures for £5, 1913[4], ornate border,black, generally extremely fine. (23)

£80-100

539James 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)

£60-80

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LITERATURE545Course of the Exchange, published by JamesWetenhall, broker of London, a bound volume ofsingle sheets, January 1st 1828 and a complete runfrom January 4th 1828 through December 30th 1828,105 sheets, folio, bound with marble boards,detached, first page poor, the balance in excellentcondition.

£600-800

These single twice-weekly sheets listed Government funds,Foreign bonds, and many companies including canals,insurance, mines and a handful of railways. Alsomentioned is the price of coal, grain and corn exchanges.

546The Stock Exchange Yearbook, 1896, by ThomasSkinner, 22nd annual edition, 1376pp plus li indexand advertisements at front, and xxxi advertisements atrear original binding, small tear at headband, wear andtear on joints and corners, light stain back cover contentsmostly tight

£200-300

547The Stock Exchange Year Book, 1899, by ThomasSkinner, 25th annual edition, 1658pp + lxviii indexand advertisements at front + xlii advertisments at rear,rebound with leather spine and marbled boards,contents in good condition.

£200-300

548The Stock Exchange Yearbook, 1901, by ThomasSkinner, first page missing, 1782pp plus lxiv index andadvertisements at front and xiv advertisements at rearoriginal binding, ex library, joints worn with small teartop front, contents fairly clean and tight

£200-300

549The Stock Exchange Yearbook, 1903, by ThomasSkinner, 29th annual edition, 1898pp plus lxvi indexand advertisements at front and xlvi advertisements atrear original binding, small tears on head and tail ofpsine, corners chipped with nick centre right of boardoriginal binding, small tears on head and tail of psine,corners chipped with nick centre right of board, contentsin good condition

£150-200

550The Stock Exchange Yearbook, 1905, by ThomasSkinner, 31st annual edition, 958pp plus lxiv indexand advertisements at front and xlvi advertisements atrear original binding, ex library, scuffing at, first fewpages slightly loose, remains of sticker at lower spine,large tear on tail and tears also on joints, contents good

£150-200

543Sandow’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,number 2596, issued to Sandow Ltd., all brown,printed by Waterlow & Sons; Sandow Ltd., £100debentures, 189[9], numbers 12 to 38 and 45 to 50,all issued to Eugen Sandow and signed by WarwickBrookes and Warwick Brookes Jnr. as directors,numbers 94 to 100, issued to Warwick Brookes andsigned by Eugen Sandow and Warwick Brookes Jnr asdirectors, brown, mostly very fine and better and aninteresting lot. (60)

£120-150

544Tynemouth Aquarium and Winter Garden Co.Ltd., £10 share, 18[77], no.3624, vignette of theglass covered Winter garden building, TynemouthAbbey at left within scrollwork, pink, good very fine.

£80-100

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558The Stock Exchange Yearbook, 1913, by ThomasSkinner, 39th annual edition, 2196 p liv index plusadvertisements at front and xlviii advertisements at rearoriginal binding, scuffed corners small pinhole left attop left joint, small round sticker “106” lower spine,contents reasonably tidy

£150-200

559The Stock Exchange Yearbook, 1914, by ThomasSkinner, 40th annual edition, 2234pp plus lvi indexand advertisements at front and xlii advertisements atrear original binding, round sticker “92” at lowerspine, bumped corners, small tear lower spine one loosepage, otherwise contents good

£150-200

560The Stock Exchange Yearbook, 1915, by ThomasSkinner, 41st annual edition, 2269pp plus liii indexand advertisements at front and xlii advertisements atrear original binding, ex library, small split top centrespine, general scuffing and dint at left centre on board,round sticker “99” lower spine, half page missing atrear, otherwise contents good

£150-200

561The Stock Exchange Yearbook, 1916, by ThomasSkinner, 42nd annual edition, 2278pp plus lii indexand advertisements at front and xlii advertisements atrear original binding, split at top left smaller splits lowjoint and small split low right spine, bumped corners,round sticker at low spine, ex library, contents good

£150-200

562The Stock Exchange Yearbook, 1919, by ThomasSkinner, 45th annual edition, 2596pp plus liv indexand advertisements at front and advertisement backcover original binding, ex library, small sticker “64” atlower spine, large split in joint at front, some dints atright of cover contents reasonably good

£120-150

563The Stock Exchange Yearbook, 1920, by ThomasSkinner, 46th annual edition, 2792PP plus lviii indexand advertisements at front and advertisement backcover original binding, scuffed corners and joints,small sticker “64” at lower spine, penultimate pagepartially torn, otherwise fairly tight

£120-150

564The Stock Exchange Yearbook, 1921, by ThomasSkinner, 47th annual edition, 2728pp plus lviii indexand advertisements at front and advertisement backcover original binding, crimped spine, small sticker“64” lower spine, corners knocked, fading in the joints,contents good

£120-150

551The Stock Exchange Yearbook, 1906, by ThomasSkinner, 32d annual edition, 2044pp plus lxv indexand advertisements at front and xliv advertisements atrear original binding, ex library, tear at left head ofspine, old sticker bearing “109” bottom of spine, nickon bottom corner of cover and small section ofmaterial loose top cover corner original binding, exlibrary, tear at left head of spine, old sticker bearing“109” bottom of spine, nick on bottom corner ofcover and small section of material loose top covercorner original binding, ex library, tear at left head ofspine, old sticker bearing “109” bottom of spine, nickon bottom corner of cover and small section of materialloose top cover corner mid section of contents warped,otherwise good

£150-200552The Stock Exchange Yearbook, 1907, by ThomasSkinner, 33nd annual edition, 2142pp plus lxiv andadvertisements at front and xlii advertisements at rearoriginal binding, sticker “106” on lower spine, slightlybumped corners, several small tears at head and tail,one loose page, otherwise contents good

£150-200553The Stock Exchange Yearbook, 1908, by ThomasSkinner, 34th annual edition, 2236pp plus lxvi indexand advertisements at front and xliv advertisements atrear original binding, small splits on spine, one pagepartially loose, contents reasonably tight, good

£150-200554The Stock Exchange Yearbook, 1909, by ThomasSkinner, 35th annual edition, 2296pp plus lxviii indexand advertisements at front and xlviii advertisements atrear original binding, wear and tear on joints, topcorners bent inwards with slight knocking on lowercorners, contents good

£150-200555The Stock Exchange Yearbook, 1910, by ThomasSkinner, 36th annual edition, 2408pp plus lxix indexand advertisements at front and xlviii advertisements atrear original binding, corners bumped, two smallmissing sections of left hand joint, round sticker “106”lower spine, contents tight

£150-200556The Stock Exchange Yearbook, 1911, by ThomasSkinner, 37th annual edition, 2580pp plus lxxvi indexand advertisements and xliv advertisements at rearoriginal binding, round sticker “106” on lower spine,corners bumped, two tiny pinholes on right joint,contents tight, a good year for the 1910 rubber boom

£150-200557The Stock Exchange Yearbook, 1912, by ThomasSkinner, 38th annual edition, 2098pp plus lii andadvertisements at front and I advertisements at rearoriginal binding, scuffed corners and joints, roundsticker “106” on lower spine, small fade marks oncentre, contents good

£150-200

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LATIN AMERICA

ARGENTINA570Argentine Republic, Treasury Bill, a specimenTreasury Bill for £25, from the Bradbury, Wilkinson &Co. archive, London 14th February 1933, payable atBaring Brothers & Co. Ltd., scrollwork at left, green,two cancellation holes in signature area, withcounterfoils, extremely fine.

£50-60

571Province of Santa Fe, Nothern ColoniesExtensions Railway of Santa Fe, a specimen 5%mortgage bond for £100, 1885, from the Bradbury,Wilkinson & Co. archive, large format, arms at top,black with pink underprint, with coupons, left edge alittle uneven where removed from backing, almostextremely fine.

£80-100

565The Stock Exchange Yearbook, 1922, by ThomasSkinner, 48th annual edition, 2868pp plus liv indexand advertisements at front and advertisement backcover original binding, scuffing at joints and corners,top and lower spine damaged, small sticker “64” onlower spine, contents good

£120-150

566The Stock Exchange Yearbook, 1923, by ThomasSkinner, 49th annual edition, 3172pp plus lviii indexand advertisements at front and advertisement backcover original binding, front cover and spine detached,corners bumped and front lower corner threadbare,small sticker “62” lower spine, despite cover damagecontents fairly good

£120-150

567The Stock Exchange Yearbook, 1924, by ThomasSkinner, 50th annual edition, 3162pp plus lxii indexand advertisements at front and advertisement frontand back cover original binding, front cover and spinealmost detached, scuffing on joints and corners,crimped spine, material loose at top of spine, contentsabout good

£120-150

568The Stock Exchange Yearbook, 1925, by ThomasSkinner, 51st annual edition, 3204pp plus lxii indexand advertisements at front and advertisement backcover, also The Stock Exchange Yearbook, 1926, byThomas Skinner, 52nd annual edition, 3400pp pluscxc index and advertisements at front andadvertisement back cover first, original binding,general suffing around cover, small sticker “64” atlower spine, second, original binding, part of materialat head missing, splits in both joints, corners knocked,small sticker “64” at lower spine, first, contents fairlytight, second, contents tight

£150-200

569The Stock Exchange Yearbook, 1927, by ThomasSkinner & Co, 53rd annual edition, 3296pp plus clxviiindex and advertisements at front and advertisementback cover, also The Stock Exchange Yearbook, 1928,by Thomas Skinner & Co, 54th annual edition,3380pp plus clxxxiii index and advertisements at frontfirst, top of spine torn, centre and low spine repairusing blue material, small sticker “165” at lower spine,several tears at top of cover, corners and edgesknocked, second, original binding, spine has becomedetached at left, scuffed edges and corners, advert onspine, small sticker “165” on lower spine, first, severalloose pages, otherwise conents fairly good, second, contentstight

£150-200

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575


573Argentine Great Western Railway Co. Ltd.,debenture stock, specimen certificate printed byBradbury, Wilkinson & Co., 18- (circa 1890),Argentine arms at top, black with pink underprint,with counterfoil, about extremely fine.

£80-100

574Argentine Railway Company, a group of 84certificates for 10 common shares, 19[19], ornateborder, black and slate blue, English revenue stamp,very fine to extremely fine. (84)

£80-100

575Compañia Tramways Electricos del Sud, a set ofcertificates for 1, 5 and 10 shares of 100 pesos,Buenos-Aires 190[13], attractive pieces with vignetteof tramcar at top, ornate border and decorativeunderprint, brown and black print with green, yellowand orange underprints respectively, generally veryfine, the latter a little better. (3)

£100-150

576Compañia de Tramways Eléctricos del Sud(Southern Electric Tramways Co.) Buenos Aires, agroup of 5 first mortgage debentures for £100,192[7], large format piece with ornate borders, orangeand black, printed by Waterlow & Sons, with coupons,one with tear at edge, very fine to extremely fine. (5)

£100-150

572Province of Santa Fe, Santa Fe ReconquistaRailway, a specimen 5% mortgage bond, for £100,1887, from the Bradbury, Wilkinson & Co. archive,coat of arms at top, very ornate border, black on greenunderprint, with coupons, small hole cancels, top leftedge with some repair, good very fine.

£60-80

121



579S.A. Dock Sud de la Capital, certificate for 10 sharesof 100 pesos each, Buenos Aires 1889, no.3919,vignette of female figure on dock, sailing ships inbackground, blue and black, together with 15 moreSouth American certificates comprising; Brazil RailwayCo., four pieces, $100 preference share 1910, two41⁄2% bonds for 500 francs, both 1909, 41⁄2% gold bondfor £20, 1909; Compagnie Francaise de Chemins deFer Vénézuéliens, 1893; Canal Interocéanique dePanama, 18[86]; Nicaragua Co. Ltd., 18[90]; Bananadu Rio-Grande, [1916]; Anglo-South American BankLtd., 19[23] and others (5), generally very fine, somebetter. (16)

£120-150

BOLIVIA

580Compañia San Vincente de Bolivia, certificate forone share of 1000 bolivianos, 1887, no.24, ornateborder, vignettes of workers in mine shaft, maroonand black with green underprint, together with fourmore Bolivian certificates comprising; EmpresaMinera “La Confianza”, 50 boliviano shares, 1904,no.126, blue and yellow; Credito Hipotecario deBolivia, three pieces, 1[909], 18[96] and 19[30], allwith ornate borders and vignettes of livestock andfemale figures, the first green, latter two brown, allextremely fine. (5)

£100-120

577A.De Micheli y Cia., 100 peso share, 1922, no.0312,ornate border, vignette above title depictingallegorical figures with torch, boats and anchor, blueand yellow, with coupons, about extremely fine.

£60-80

578Anglo Argentine Co. Ltd., a group of 12 bearerwarrants for five £1 shares, all 1868, scrollwork at left,large embossed seal at bottom depicting Sun, black,top one with some surface dirt otherwise about extremelyfine or thereabouts. (12)

£60-80

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584City of Santos 6% Internal Sterling Loan of 1910,a group of unissued bonds for £20 (11) and £100 (6),very large format, large panoramic vignette ofdockside, railway and city, text in English andPortuguese, red and blue respectively, printed byWaterlow & Sons, with all coupons, generallyextremely fine. (17)

£30-400

x585Bella Raquel Company, share, 184[7], no.285,signed by John Taylor Jnr as secretary, thin ornateborder at left, black printing, embossed seal depicting‘Bella Raquel’ bottom right, transfers on reverse, goodvery fine.

£60-80

581State of Bahia, 1913, 5% Gold Loan, a part set ofbonds for £20, £100 and £500, shipping at dockside,ornate borders, blue, green and brown respectively,printed by Bradbury, Wilkinsn & Co., £20 and £100with coupons, all hole cancelled, generally very fine.(3)

£150-200

582State of Bahia, 1913, 5% Gold Loan, a part set ofbonds for £20, £100 and £500, shipping at dockside,ornate borders, blue, green and brown respectively,printed by Bradbury, Wilkinson & Co., all withcoupons, all hole cancelled, generally very fine. (3)

£150-200

583State of Bahia, 1913, 5% Gold Loan, a group of 3bonds for £20, shipping at dockside, ornate borders,blue and black, printed by Bradbury, Wilkinson &Co., with coupons, all hole cancelled, generally veryfine. (3)

£80-100

123

BRAZIL



587Cia. Salitrera “Maria Teresa” de Aguas Blancas, asmall group of certificates for 1 share (3) and 10 shares(2) of 20 pesos, Santiago 19(07), attractive vignette ofNitrate works, scrollwork and monogram at eitherside, ornate borders, blue and brown respectively, withcoupons, about extremely fine, one only very fine. (5)

£120-150

COLOMBIA

588Columbian Mining Association, certificate for £100shares, 18[28], finely engraved ornate engine turneddesigned border, black, extremely fine.

£200-250

CHILE

586Chilian Northern Railway Co. Ltd., 5% debenturefor £20, 1914, no.C3216, vignette of steam engineunder title, ornate border, red, printed by Bradbury,Wilkinson & Co., with all coupons and not cancelled,very fine to extremely fine.

£60-80

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591Cuba Railroad Co., a pair of Improvement andEquipment 5% 50-Year Gold Bonds for $1000, 1910,both signed by W.C.van Horne as President, steamtrain at top, green and black, with coupons, togetherwith Ferro-Carril de Guantanamo, 100 peso share,1882 ink burns at top; Cienfuegos, Palmira & CrucesElectric Railway & Power Co., $1000 bond, 1918;Mexico, City of Oaxaca de Juarez, 1000 pesos, 1910and Buenos Ayres Lacroze Tramways Co., £100debenture, 1910, generally fine to very fine, the first twobetter. (6)

£80-100

592Cuba Northern Railways Company, 5% firstmortgage Gold Bond for $1000, 1927, no.M1786,ornate border, trio of vignettes at top depicting sugarcane harvesting, steam engine with engineer and craneloading carriages, black and orange, with coupons,good very fine.

£60-80

593Cuba Northern Railways Company, a group of 5certificates, 5% first mortgage Gold Bonds for $1000,1927, ornate border, trio of vignettes at top depictingsugar cane harvesting, steam engine with engineer andcrane loading carriages, black and orange, all withcoupons, all very fine. (5)

£300-400

589Cienfuegos Palmira & Cruces Electric Railway andPower Company, $100 shares, 191[6], no.103,decorative title with vignette of allegorical figure,ornate border, green and black, together with fourattractive American companies operating in SouthAmerica, comprising; Colombia: Certigue Mining &Dredging Co., 19[12], no.5323; Peruvian MiningSmelting and Refining Co., [1907], no.A315; Mexico:Tabasco and Chiapas Trading and Transportation Co.,190[9], no.9002, and; Cuban Land Co., 1[898],no.107, generally very fine, the first extremely fine. (5)

£80-100

590Cuba Railroad Company, 5% 50 year Gold Bond for$1000, 1910, no.M3765, attractive vignette of steamtrains passing station at top, green and black, printedby the American Bank Note Co., with coupons,extremely fine.

£60-80

125

CUBA



ECUADOR596Government of Ecuador, ‘provisional bond’ or ‘landwarrant’ for £100, 1855, no.2708, ornate border withEcuador coat of arms, large map of Ecuador onreverse, blue, very fine.

£60-80

597Republic of Ecuador, 1901, Guaranteed InternalDebt, bond for 100 condores, no.470, large formatpiece with coat of arms at top, ornate border, greenand black, text in English and Spanish, printed by theAmerican bank Note Co., hole cancelled, very fine andvery rare.

£80-100

594Empresa del Ferro-Carril Urbano y Omnibus de laHabana, 500 peso share, 18[76], no.0541, horsedrawn tramcar in centre, black, ink cancelled andsingle hole cancel unfortunately through the vignette,counterfoil re-attached, tiny chip from bottom edge, theink has burned very slightly, very fine.

£60-80

595A small collection of Cuban Oil and Miningcertificates (7) comprising Petrolera Nacional deMotembo, S.A., 5 peso share, Havana 19[39],no.000074, border depicting drilling work,underprint vignette of oil derrick in oilfield, brown onyellow paper, with coupons, together with Union OilCo., S.A., 1 peso shares, 191[7], attractive piece, olivegreen; Guanabacoa Oil Co., 1000 shares, [1918],green; Cia. Minera “Aida Rosa” S.A., 100 pesoshare, 1916, brown; Cuban Oils Co., 100 pesoshares, 19[38], green; Cia. Minera “La Corona”S.A., 1 peso shares, 191[8], green, and; Cia. Minera“La Preciosa del Mabay” S.A., 50 peso share, 1916,black and red, very fine or thereabouts. (7)

£100-150

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MEXICO

601Republic of Mexico, 10% Internal Loan, bond for100 pesos, 18[59], no.1554, pretty piece withMexican Eagle at top, delicate border of scrollwork,black and orange on very fine pale blue paper, withcoupons, cut cancelled, good very fine.

£60-80

602Republic of Mexico, 10% Internal Loan, bond for100 pesos, 18[59], no.1568, pretty piece withMexican Eagle at top, delicate border of scrollwork,black and orange on vey fine pale blue paper, withcoupons, cut cancelled, very fine.

£60-80

603Institution for Encouragement Works andDevelopment of Agriculture, 35-Year 41⁄2% GoldBond, $100, 1908, large format with eagle in centre,farmer and plough to right, river scene to left, greenand black; together with National Railways of Mexico,4% general mortgage gold bond, $100, Porfirio Diazin centre, green and black and Tehuantepec NationalRailway Co., 5% Loan, 1904, 3 bonds for £100 or2040 marks, mauve with green underprint, all withcoupons, very fine to extremely fine. (5)

£100-150

598Republic of Ecuador, 1901, Guaranteed InternalDebt, bond for 100 condores, no.474, large formatpiece with coat of arms at top, ornate border, greenand black, text in English and Spanish, printed by theAmerican Bank Note Co., hole cancelled, very fine andvery rare.

£80-100

599Guayaquil and Quito Railway Company, Firstmortgage bond, $1000, 1899, no.00681, steam trainat top, ornate border, green and black, printed by theAmerican Bank Note Co., with coupons, holecancelled, together with related fractional scripcertificates dated 1903 and 1904, very fine, the latterbetter, all scarce. (3)

£100-120

HONDURAS600Honduras Government 10% Railway Loan, 1867,bond for £20, black, blue underprint, text in Englishand French, with coupons; together with a net profitcertificate relating to the same loan, black, pinkunderprint, both about very fine (2).

£60-80

Issued to fund an Interoceanic Railway from PuertoCaballos on the Atlantic to the Bay of Fonseca on thePacific.

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606


606Banco de Zacatecas S.A., 100 peso shares, Zacatecas1891, no.2842, vignette at top left of panoramic townview, black, impressed revenue stamp, extremely fine.

£80-100

607Banco Hipotecario de Credito TerritorialMexicano, S.A., 100 peso share, 1914, no.54962,ornate border, vignette of female bust under title,black and blue, with coupons, together with 5 moreMexican certificates comprising; Banco CentralMexicano S.A., one series A share, 1908, no.263195,ornate border, green and black, with coupons;Compañia Azucarera del Panuco S.A., 100 pesoshare, 1900, no.6274, ornate border, vignettedepicting woman beside Mexican Eagle withplantation and river in background, black and blue,with coupons; Ferrocarriles Nacionales de México,10 shares for 200 pesos, 1909, no.P39586, ornateborder, male bust at top, green and black, withcoupons; Compañia Minera y Beneficiadora ElColoso y Anexas, S.A., 50 peso share, 1910,no.05323, ornate border, brown, with coupons, andCompañia Petrolera Mexicana Faros de AztlánS.A., 20 peso share, 1916, no.0480, decorative Aztecstyle border, brown and blue, with coupons, very fineto extremely fine. (6)

£100-120

604Mexican Central Railway Securities Co. Ltd., ‘B’debenture for £100, 18[99], no.13344, ornateborder, green and black, with coupons, together withCia Minera Nacional Anonima El Callao, a group ofcertificates for 1 share (2) and 5 shares (10), 1887,ornate border with coats of arms at sides, miners atwork at top, , with coupons, and a Roumanian bond,41⁄2% 1934, 1200 francs, very fine to extremely fine.(14)

£80-100

605National Railroad Company of Mexico, two firstconsolidated mortgage 4% Gold Bonds, certificates for$1000, 1902, no.M6407 and M5712, ornate border,Mexican Eagle at top left, green and black, both withcoupons, both good very fine. (2)

£120-150

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610Negociacion Agricola “La Sautena”, a group of 9certificates for $100 share, Mexico 1907, large formatwith very large map of the Sautena hacienda in theState of Tamaulipas, steamship and steam train lowercorners, green, black, red and blue, impressed dutystamp, printed by Giesecke & Devrient, with coupons,all extremely fine. (9)

£100-150

608El Buen Tono; Cia Manufacturera del Cigarro SinPegamento, 50 peso share, Mexico 1912, vignette ofcigar making machine in centre, eagle above, ornateborder, blue, brown and red, impressed revenuestamps, together with Cia Azucarera del Panuco, $100share, Mexico 1900, lovely vignette of allegoricalfigure with sugar cane to left and loading river boat toright, blue and black and Negociacion Agricola ‘LaSautena’, $100 share, large format piece with map intop half, small vignettes in corners, all with coupons,very fine to extremely fine. (3)

£60-80

609La Rifa Tombola Zoológica, 50 peso share, Mexico1890, no.725, black with pale blue underprint,adhesive stamp top left, with coupons, extremely fine.

£60-80

129



612Ministras de Real Hacienda de las Caxas de Lima,5% Loan, bearer bond for 500 pesos, 1815, no.1,attractive piece with illustrative border and SpanishRoyal Coat of Arms at top, black, extremely fine.

£550-650

Signed by the Spanish Viceroy (1804-1816) “Marques dela Concordia” who rendered much help to the SpanishGovernment, shipping as much Silver as could be minedto finance the War against Napoleon.

613Callao & Lima, & Pacific Coast Railway Co., aseries of 3 certificates for 5, 10 and 20 shares of £10each, £1 paid, undated but circa 1845, no’s.305, 340and 40, scrollwork at left, blue, black and greenrespectively, all with dusky pink underprint, very smalltone spot on the latter, otherwise extremely fine. (3)

£80-100

614Callao & Lima, & Pacific Coast Railway Co., aquantity of certificates for 5 (48) and 10 (12) shares of£10 each, £1 paid, undated but circa 1845, scrollworkat left, blue and black respectively, dusky pinkunderprint, generally extemely fine. (60)

£400-500

PERU

611República del Perú, 6% Internal Loan, series C,certificates for 1000 soles gold, 1943, no.08433,08339, 08341 and 08342, ornate border, Peru Coatof Arms under title, black and brown, all withcoupons, good very fine. (3)

£80-100

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617Banco Peru y Londres, SPECIMEN bearer bond for100 Gold Peruvian pounds, 1890’s, attractive piecewith vignette at top right depicting steam and sailingships, ornate border, turquoise and black, printed byBradbury Wilkinson & Co., with coupons, extremelyfine.

£60-80

x618Peruvian Mining Company, one share, London1825, no. 4581, issued to David Barclay Chapman,Banker, ornate scrollwork at left, black printing,extremely fine.

£80-100

615National Pisco to Yca Railway Co., £100/500 solesbond, 1869, large format with ornate border, armswith steam engine in centre, pink, together withRepublic of Costa Rica, 1911 Refunding Loan, bondfor £20, large format, coat of arms at top, green andblack, Waterlow & Sons, Chilian Northern RailwayCo., £100 debenture, 1912, steam train at top, greenand black, hole cancelled, and an unissued certificatein the South-eastern Gold Mining Co. Ltd., circa1930, all without coupons and stuck down on heavyboard, fine to very fine. (4)

£60-80

616Compañia Nacional del Ferrocarril Mineral dePasco, certificate for 500 sol, Lima 1872, no.271,ornate border and vignettes of steam train runningthrough agricultural land, mountains in background attop and mine worker at bottom, blue and black, withcoupons, together with four more Peruvian certificatescomprising; Compañia del Ferrocarril de la Oroya yMineral de Pasco, £100 share, Lima 1878, no.2965,vignettes of steam train, farmers with livestock andmine workers, brown and black; Banco LaProvidencia, 400 sol share, Lima 18[71], no.2341,black; Compañia Territorial de la Bella Union, £5share, Lima 190[5], no.56, ornate title with vignetteof mine workers, brown and yellow; and CorocoroUnited Copper Mines Ltd., £1 bearer share, Paris19[22], no.A11733, vignette of mine workers, redand black, with coupons, first four extremely fine, lastonly very fine. (5)

£100-150

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622Oriental Republic of Uruguay, 1892 31⁄2%Consolidated Debt, bond for £500, no.015508,large format, coat of arms at top, allegorical figures inborders, yellow and black, text in English and Spanish,printed by Bradbury, Wilkinson & Co., with coupons,these stamped CANCELLED but nothing on thebond itself, has been framed so a little discoloured, tracesof mounting, fine to very fine and rare.

£120-150

623Republic of Uruguay, 1919, 5% External GoldLoan, bond for £20, no.14389, dated 1920, largeformat piece with coat of arms at top, ornate border,red and black, text in English and Spanish, printed byWaterlow & Sons, stamped ‘ASSENTED BOND’ onface, hole cancelled, with one coupon remaining, smalledge tears but about very fine and rare.

£120-150

URUGUAY

619Oriental Republic of Uruguay, 1892 31⁄2%Consolidated Debt, bond for £20, no.121890, largeformat, coat of arms at top, allegorical figures inborders, blue and black, text in English and Spanish,printed by Bradbury, Wilkinson & Co., with coupons,stamped CANCELLED, fine to very fine and scarce.

£100-120

620Oriental Republic of Uruguay, 1892 31⁄2%Consolidated Debt, bond for £100, no.046341,large format, coat of arms at top, allegorical figures inborders, green and black, text in English and Spanish,printed by Bradbury, Wilkinson & Co., with coupons,stamped CANCELLED, very fine and scarce.

£100-120

621Oriental Republic of Uruguay, 1892 31⁄2%Consolidated Debt, bond for £100, no.099739,large format, coat of arms at top, allegorical figures inborders, green and black, text in English and Spanish,printed by Bradbury, Wilkinson & Co., with coupons,stamped CANCELLED, fine to very fine and scarce.

£100-120

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626United States of Venezuela, Consolidated InternalDebt, non interest bearing bond for 500 bolivares,Caracas 1906, series 5, no.24-21, coat of arms incentre, ornate border, blue and black, about very fineand scarce.

£80-100

627United States of Venezuela, Consolidated InternalDebt, non interest bearing bond for [187.50]bolivares, Caracas 1906, series 7, no.163-365, coat ofarms in centre, ornate border, blue-green and black,split at centre fold, fine to very fine and scarce.

£60-80

628Venezuela Central Railway Co. Ltd., a large groupof £10 second debentures, first printing 19[10] (137)examples and second printing 19[12] (50) examples,large format with ornate border, brown and green,with coupons, mixed condition but mostly very fine toextremely fine. (187)

£150-200

WEST INDIES, BRITISH GUIANAAND BRITISH HONDURAS

629British Honduras Syndicate Ltd., £10 shares,18[91], no 118 a very attractive and unusual design ofpalm trees with bananas, pineapples and otherproduce, small steamship and coastline in centre,black, red seal at bottom right, very fine.

£140-180

624Republic of Uruguay, 1919, 5% External GoldLoan, bond for £20, no.16189, dated 1920, largeformat piece with coat of arms at top, ornate border,red and black, text in English and Spanish, printed byWaterlow & Sons, stamped ‘ASSENTED BOND’ onface, hole cancelled, with one coupon remaining, tearat top right corner, fine to very fine and rare.

£120-150

VENEZUELA

625United States of Venezuela, Consolidated InternalDebt, non interest bearing bond for 5000 bolivares,Caracas 1906, series 2, no.18-05, coat of arms incentre, ornate border, red and black, fine to very fineand scarce high denomination.

£100-120

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GOVERNMENT

6331817/18 6% Perpetual Annuities, a nominativecertificate for 500 roubles silver, printed date 1854,no.33653, double headed eagle at top, black, text inRussian with French on the reverse, crease at right,about extremely fine and a scarce issue.

£80-100

6341817/18 6% Perpetual Loan, bearer certificate for500 roubles, printed date 1864, text in Russian withFrench on the reverse, double headed eagle, black,with coupons, light discolouration only on the Russiantext, good very fine.

£120-150

6351822 5% ‘Rothschild’ Loan, bond for 720 roubles or£111, handsigned by Nathan Meyer Rothschild,double headed eagle at top, black, on poor qualitypaper, with talon, heavy folds but without the usual taperepairs, fine.

£80-100

630Port Royal & St. Andrew’s Copper MiningCompany of Jamaica, a group of 20 certificates for 1share, 5 shillings paid, all 1853, scrollwork at left,embossed seal bottom left corner, black, very fine toextremely fine. (20)

£120-150

631West India Improvement Co., a group of 9 firstmortgage 4% 10 yr bonds for $1000, 1889, allegoricalfigure at top left, ornate border, green, printed by theAmerican Bank Note Co., all with coupons, generallyabout very fine. (9)

£150-200

RUSSIA

MISCELLANEOUS LOT632A group of Russian certificates (36), a few late 19thcentury but the majority are early 20th century,including; Russko-Gollandski Bank, 1916; UnionBank, 1909; St. Petersburg Joint-Stock CommercialBank, 1910; Compagnie Centrale D’Electricite deMoscou, 1899; Etablissements Industriels deBerdiansk ‘John Greaves & Co.’, 1899; Tramways deSimferopol; Russian Collieries Co., 1902, and LesAteliers Franco-Russes, 1895, generally very fine, somebetter. (36)

£200-250

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638Russian Imperial Government, a very rarenominative certificate issued by ‘La CommissionImperiale d’Amortissement’, St.Petersburg 1[916],no.1642, ornate border, black, with coupons, twoheavy folds, fine to very fine.

£150-200

639Soviet Union: War Loan, 1945, bonds for 25, 50,100 and 200 roubles, soldiers at bottom with aircraftand factories at sides, together with post war loans,comprising 1946, 100, 200 and 500 roubles, this rare;1949, 50 roubles; 1955, 10 and 100 roubles, and1956, 200 roubles, a couple only fine but otherwise veryfine and better. (11)

£80-100

CITY LOANS640A group of Russian City Loans (27) and StateLoans (70), with some duplication, includes Poti,1900, 100 roubles; St.Petersburg, 1891, 100 roubles;Warsaw, 7th Loan, 1903, 100 roubles; Moscow, seriesXXV, 100 roubles and series XXXI, 500 roubles, somewithout coupons, condition mixed but some are veryfine. (97)

£250-300

641City of Moscow, 1912 41⁄2% Loan, bond for £500,no.1041, large format, coat of arms at top, mauve andblack, text in Russian, English and French, withcoupons, extremely fine.

£60-80

6361822 5% ‘Rothschild’ Loan, bond for 960 roubles or£148, handsigned by Nathan Meyer Rothschild,double headed eagle at top, black, on poor qualitypaper, with talon, folds but without repairs, good fine.

£100-120

6371822 5% ‘Rothschild’ Loan, bond for 3360 roublesor £518, handsigned by Nathan Meyer Rothschild,double headed eagle at top, black, on poor qualitypaper, with talon, folds but a very nice example of thisrare denomination, good fine.

£250-300

135



x644City of St.Petersburg, 4% Loan of 1913, a scripcertificate for £100, no.C32742, ornate border,orange, stamps showing all instalments paid, printedby Waterlow & Sons, left edge with a few tears but nopaper loss, about very fine and rare.

£80-100

x645City of St.Petersburg, 4% Loan of 1913, a scripcertificate for £1000, no.A3, ornate border, green,stamps showing all instalments paid, red overprintJULY, 1914, ISSUE, printed by Waterlow & Sons,about very fine and rare.

£120-150

642City of Moscow, 1912 41⁄2% Loan, bond for £1000,no.245, large format, coat of arms at top, red andblack, text in Russian, English and French, withcoupons, extremely fine.

£120-150

643City of Nikolaef, 5% loan, 1912, bonds for £100 and£20 (2 examples), from the second issue, blue andbrown, 265 and 400 issued respectively, with coupons,nearly extremely fine and scarce. (2)

£60-80

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RAILWAYS647Armavir Touapse Railway Co., 41⁄2% Loan, 1909, agroup of 6 bonds for £500, ornate border, red andblack, with coupons, one with tiny edge tear otherwisegood very fine to extremely fine. (6)

£250-300

648Riazan-Uralsk Railway Company, 41⁄2% Loan1893, bond for 5000 roubles, no.01942, ornateborder, mauve and black, without coupons, extremelyfine.

£150-200

646Lithuania: City of Wilno (Vilna), 1931 5% SterlingConversion Loan, bond for £20, no.A0032, ornateborder, blue and black, printed by Bradbury,Wilkinson & Co., with coupons, hole cancelled, goodvery fine.

£60-80

Issued in exchange for the Russian, City of Vilna, loanof 1912.

137



652Wladikavkas Railway Company, 4% Loan, 1900,US$1000 bond, no.6528, ornate border, red andblack, with coupons, couple of small edge splits at folds,about very fine and scarce.

£60-80

653Wladikawkas Railway Company, 4% Loan, 1900,bond for $1000 gold, no.1676, no coupons, togetherwith a large collection/accumulation of Russianrailway bonds including Railway Ministry, 41⁄2% Loan,1917, 1000 roubles, some duplication, mixedcondition but some are very fine and a useful startercollection. (176)

£400-500

BANKS, COMMERCIAL & INDUSTRIAL654A group of Russian banks (51), with someduplication and including many issues of the PeasantsLand Bank and the Imperial Land Bank for theNobility, better pieces include Banque Fonciere duGouvernement de Kherson, 1000 rouble bond;Banque Fonciere de la Nobless a Koutais; BanqueFonciere de Charkow; Banque Russe du Commerce etde L’Industrie; Banque Fonciere de Moscou, and 10examples of the Banque de Commerce de Siberie,various dates and denominations including a 3 shares,1909, mixed condition but many very fine. (51)

£300-400

x649Troitzk Railway Company, 41⁄2% Loan, 1910, bondfor £500, no.C12512, of only 100 issued, ornateborder, red and black, text in English and Russian,with coupons, edge tears at top, large split at fold atright, fine to very fine, rare.

£150-200

x650Troitzk Railway Company, 41⁄2% Loan, 1910, bondfor £500, no.C12514, of only 100 issued, ornateborder, red and black, text in English and Russian,with coupons, some edge tears at right and top but thebody very fine, rare.

£300-400

x651Troitzk Railway Company, 41⁄2% Loan, 1913, bondfor £500, no.C61191, of only 1400 issued, ornateborder, red and black, with coupons, couple of smallnicks in top edge, good very fine.

£60-80

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657“I. Got” Rope Factory, one share of 5000 roubles,St.Petersburg 1904, no.173 of only 360 issued,ornate border, mauve and black, with coupons, goodvery fine and rare.

£300-400

658“I. Got” Rope Factory, one share of 5000 roubles,St.Petersburg 1904, no.174, of only 360 issued,ornate border, mauve and black, with coupons, goodvery fine and rare.

£300-400

655An interesting group of 68 Russian Companyshares, mainly heavy engineering, metals and oil, alittle duplication, better pieces noted are Productiondes Huiles Minérales Russes et Autres ProduitsChimiques “S.M.Schibaieff & Cie”, £20 bond, 1902;Russisch-Baltischen Waggon-Fabrik, 250 roubles,1906; Fabrication de Tubes, 5 bonds of 500 francs,1913; Usines de Construction de MachinesHartmann, 100 rouble shares, 1897 and 1899, andSoc, Metallurgique Dnieprovienne du Midi de laRussie, 5% bonds for 250 roubles, 1890 (2 examples),condition is mixed but many are very fine and better.(68)

£400-500

656Dobrolet, bearer certificate for 1 gold rouble share,Moscow 1925, aircraft top centre, ornate border,brown, extremely fine.

£120-150

The company was Russia’s first Civil Aviation company,it’s name was changed to Aeroflot in 1930.

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660


660“Kavkas and Mercury” Trading Company,provisional registered certificate for 10 shares of 250roubles, 1917, no.55981-55990, ornate border,orange and black, text all in Russian, tear at bottomedge, heavy folds, fine.

£150-200

661“Kavkas and Mercury” Trading Company,provisional registered certificate for 50 shares of 250roubles, 1917, no.82201-82250, ornate border, redand black, text all in Russian, tear at top edge, aboutvery fine.

£150-200

659“Kavkas and Mercury” Shipping and TradingCompany, 250 rouble share, undated but circa 1879,no.16404, ornate border, blue and black, ragged rightedge, fine and rare.

£200-300

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663


663Russische Aktiengesellschaft zur Entwickelungund Vergrösserung der Zahl der Verkehrsmittelund zur Exploitation derselben in Russland“Ssudowagon”, 500 rouble share, 1st series,St.Petersburg 1910, no.1558, ornate borders, blueand black, text in Russian, German and French, withcoupons, extremely fine.

£60-80

664S.A. De la Manufacture de Moscou pour le Tissagede Laine, 375 rouble share, Moscow 1898, no.0275,ornate border, blue and black, capital only 750,000roubles, no coupons remain, extremely fine.

£60-80

665S.A. de la Manufacture de Moscou pour le Tissagede Laine, a group of 9 certificates for 375 roubleshare, Moscow 1898, ornate border, blue and black,2000 issued, no coupons remain, mixed condition,some with edge nicks and creases, some very fine. (9)

£200-300

662Northern Wood Pulp and Paper Manufacturing(Joint Stock) Co. ‘SOKOL’, 5% gold bonds for £50each, 1912, no.021, 022 and 023, ornate border, textin Russian, English and French, brown, edge tearsotherwise very fine. (3)

£80-100

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668Sociéte des Conduits D’Eau a Kiew, 100 roubleshare, Kiev 1906, no.15893, ornate border, green andblack, with coupons, slight damp staining at bottomright, otherwise almost extremely fine.

£80-100

669Sociéte des Conduits D’Eau a Kiew, 100 roubleshare, Kiev 1906, no.15898, ornate border, green andblack, with coupons, damp staining at bottom rightand split along fold, otherwise almost extremely fine.

£60-80

670Société des Fabriques de Soieries “C. Giraud Fils”,25 shares of 200 roubles, Moscow 1912, no.30251-30275, ornate border, blue with pink and greenunderprint, with coupons, about extremely fine andrare.

£150-200

666Soc.Commerciale et Industrielle de Naphte deSt.Petersbourg-Sabuntchi, provisional certificate for5 shares of 100 roubles, 1911, no.1910, ornateborder, black with ornate green underprint, text inRussian and French, small piece missing from bottomleft corner just into border and a few small edge tears,fine to very fine and scarce.

£150-200

667Soc. des Aciéries et Chantiers de Paratoff, 187.50rouble share, Moscow 1901, together with otherRussian companies (4) comprising Fabriques de SucreD’Alexandrovsk, 250 rouble share, 1913; Miniere etMetallurgique Volga-Vichera, 125 rouble share,Moscow 1897; Produits de Tanneries “CharlesLapovitz”, 125 rouble share, Moscow 1911, and,Northern Wood Pulp and Paper Manufacturing Co.“Sokol”, £100 bond, Archangel 1912, all withcoupons, the last with edge tears at right otherwiseextremely fine and generally scarce. (5)

£120-150

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673Soc. St.Petersbourgeoise de TransmissionElectrique de la Force des Chutes d’Eau, provisionalcertificate for 25 shares of 150 roubles, 1912,no.25126-25150, ornate border, mauve and black,text in Russian and French, almost extremely fine.

£150-200

671Soc. Russue de Construction de Locomotives etMécaniques, 5 shares of 125 roubles, St.Petersburg1895, 1907 replacement certificate, no.15911-15915,ornate border, blue and black, text in Russian andFrench, shares also expressed in francs, pounds,reichmarks and florins, with coupons, very fine.

£60-80

672Soc. Russo-Hollandaise de la Première Fabrique deCiment Portland en Sibérie “Kamyschet”, 500rouble share, Warsaw 1897, no.2197, ornate border,blue and black, with coupons, about extremely fine.

£200-300

143



678Anglo Russian Maximoff Co. Ltd., £1 shares,190[15], no.95, ornate border, red and black with textin both Russian and English, printed by Waterlow,Bros. & Layton, very fine and rare

£150-200

679Caucasus Copper Co. Ltd., a pair of certificates for10 and 25 shares of £1, [1913], no. 348 and no.1024,ornate borders, mauve and blue respectively, text inEnglish and French, with coupons, very fine toextremely fine. (2)

£60-80

680Chatma Oilfield Co. Ltd., 100 shares of £1, 19[03],no.5666, ornate border, orange and black, withcoupons, together with other British companiesoperating in the Russian oilfields (2), Ferghana OilFields Ltd., 10 shares of £1, 19[15], 2 examples,ornate border, blue and black, with coupons, and,Gleboff Grosny Petroleum Co. Ltd., 4 shares of £1,1920, ornate border, blue, with coupons, very fine toextremely fine. (4)

£60-80

FRENCH AND BELGIAN COMPANIES674Russian tramways: A duplicated collection ofBelgian companies (41), from Bialystok,Ekatherinoslaw, Kazan, Kharkoff, Kiev, Moscow,Odessa, Orel, Rostoff, Saratov, St.Petersburg andTiflis, many different issues and varieties, mixedcondition but many are very fine. (41)

£150-200

675French and Belgian Companies operating inRussia, a duplicated collection of 93 bonds and sharecertificates, some with vignettes, better pieces includeCharbonnages de Varvaropol, 1896 and 1902; Ateliersde Constructions mecaniques de Soumy, 1897 (5examples); Soc. d’Etudes des Entreprises Russes,1913, only 500 issued; Cie Metallurgique d’Odessa,1895 and 1897, and Krinitchnaia S.A. des ProduitsRefractaires et Ceramiques de Donetz, mixedcondition but many are very fine and better. (93)

£300-400

BRITISH COMPANIES676A small group of British Companies operating inRussia (17), together with Dutch certificates andreceipts for same (7), some duplication, includesSt.Petersburg Land & Mortgage Co. Ltd., £20debentures, 1912 (2), large vignette of the City, redand black; Tustanovice Petroleum Ltd., 5 shares of £1,1907; Cheleken Oilfields Ltd., £1 share, 1913, andRussian (Smieloff) Chain, Anchor & Testing WorksLtd., 1 share of £10, 2 examples), mixed condition butseveral are very fine and better. (24)

£150-200

677Anglo-Russian Copper Mining Syndicate Ltd., apair of certificates, ordinary shares of £1 each,1899[1900], no.84, ornate border, red, and foundersshares of £1 each, 1899[1900], no.44, as before butblack, both with embossed seal bottom left, both veryfine. (2)

£120-150

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683Russian Tobacco Co., a set of bearer certificates for1, 5, 10, 25, 50 and 100 shares of £1 each, 19[15],allegorical figure at top, ornate borders, blue, mauve,red, green, brown and dark green respectively, printedby Waterlow & Sons Ltd., with coupons, generallyextremely fine or better. (6)

£60-80

684Russian Tobacco Co., a set of bearer certificates for1, 5, 10, 25, 50 and 100 shares of £1 each, 19[15],allegorical figure at top, ornate borders, blue, mauve,red, green, brown and dark green respectively, printedby Waterlow & Sons Ltd., with coupons, generallyextremely fine or better. (6)

£60-80

685Russian Tobacco Co., a quantity of 27 certificates for100 shares, 19[16], allegorical figure at top, ornateborder, green, printed by Waterlow & Sons Ltd., withcoupons, generally extremely fine. (27)

£120-150

681City of Moscow Gas Co. Ltd., 8% debenture for£20, London 1866, no.339, large format pieceprinted in both English and French, black, withcoupons, almost extremely fine.

£80-100

Obtained the contract to light Moscow in 1865 and by1867 over 4000 lights had been installed in the city.

682Russia Copper Company Ltd., £10 shares, 187[6],no.1882, decorative scrollwork under title and at leftside, lilac, embossed seal at bottom, very fine andscarce early date.

£80-100

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687


DUTCH COMPANIES689Nederlandsch-Siberische Goudvelden-Maatschappij “Minoessinsk”, 250 gulden share,Amsterdam 1899, ornate border, black and red withgreen underprint, text in Dutch, Russian and French,together with Hollandsche Maatschappij tot Zout-Exploitatie in Rusland, share of 500 silver roubles,Haag 1910, ornate border, orange brown and black,both good very fine. (2)

£60-80

686St. Petersburg Land and Mortgage Company Ltd.,certificate for £1 shares, 19[13], no.258, lovely ornateborder with scrollwork at corners, printed byWaterlow & Sons Ltd, black, very fine and scarce type.

£80-100

687St.Petersburg Land and Mortgage Co. Ltd., a pairof 5% debentures for £20, 19[12], no. A1965, and£100, 19[12], no.B2073, handsigned by H Jekylland rubber stamp signature of Evelyn Hubbard(on the £20 only) as directors, lovely vignette of thecity, maroon and blue respectively, printed byWaterlow & Sons, with coupons, very fine andextremely fine. (2)

£100-120

688Terek General Oil Company Ltd., certificate for £1shares, 19[18], no.103, ornate border, black, otherRussian Oil/Petroleum Company certificatescomprising; Cheleken Oilfields Ltd, £1 shares,19[25], no.5252, green; New Russia Company Ltd.,deferred converted ordinary stock, 19[24], no.35,blue, and preferred converted ordinary stock, 19[24],no.35, red; Petroleum Options Ltd, allotment letterfor 1 shilling shares; Spies Petroleum Company Ltd,2 shilling shares, 19[33], 19[31] and 19[11]; Russo-Asiatic Consolidated Ltd, shares of 2s 6d each,19[29]; Premier Oil & Finance Company Ltd, 5shilling shares, 192[4] and 192[8]; Premier GlobeLtd, 5 shilling shares, 19[31]; Baku ConsolidatedOilfields Ltd, ‘B’ ordinary shares of £1, 19[19],generally very fine, some better. (15)

£80-100

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691


693East Tennessee, Virginia and Georgia Railway Co.,a group of certificates (7) for $100 shares, secondpreferred stock, Knoxville 18[86] and 18[87],allegorical figures at top, small steam train inset at left,ornate border, printed by Homer Lee Bank Note Co.,orange and black, uncancelled, very fine or thereabouts.(7)

£120-150

690Alabama, New Orleans, Texas and Pacific JunctionRailways Co. Ltd., 5% ‘A’ debenture for £100, 1891,no.3022, steam train at top, ornate border, black, pinkunderprint, with coupons, hole cancelled, fine to veryfine and rare.

£80-100

691Alabama, New Orleans, Texas and Pacific JunctionRailways Co. Ltd., 5% ‘B’ debenture for £100, 1891,no.725, steam train at top, ornate border, black, greenunderprint, with coupons, hole cancelled, about veryfine and rare.

£80-100

692Alabama, New Orleans, Texas and Pacific JunctionRailways Co. Ltd., a group of 3 x 5% ‘B’ debenturesfor £100, 1891, steam train at top, ornate border,black, green underprint, with coupons, all holecancelled, one with cut and repair at bottom cornerwhere coupon carelessly removed, fine to very fine andrare. (3)

£200-250

147

UNITED STATES OF AMERICA

RAILWAYS



695New Orleans and Southern Railroad Co., 5% priorlien gold bond for $100, 1892, no.814, steam train attop, brown and black, with coupons, together withtwo Confederate States of America, $100 bonds, 1863and 1864, the first very fine, the rest fine to about veryfine. (3)

£80-100

696Saint Paul and Northern Pacific Railway Co.,Minnesota, $100 shares, New York 189[3], no.040,vignette at top left of steam train crossing stream,ornate border, green and black, hole cancelled,together with Northwest Equipment Company ofMinnesota, $100 shares, New York 18[90], no.A142,vignette of steam train at station at top, brown andblack, also hole cancelled, both with counterfoil regluedat left, very fine. (2)

£80-100

694Kansas City, Wyandotte and NorthwesternRailroad Co., First Mortgage 5% Gold Bond, $1000,1888, no.104, speeding steam train at bottom, younggirl at top, green and black, with coupons, British dutystamps, not cancelled, good very fine and rare.

£100-150

Jay Gould held a controlling interest in this company.

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COMMERCIAL & INDUSTRIAL

700Kennebeck Bridge, one share, [1897], no.86, issuedto Edmund Bridge of Lincoln County, scrollwork atleft, black, paper seal attached to upper left, secondpage with printed transfer dated 1828 and a furthertransfer on the reverse which looks to replicate that onthe printed form, some remains of wax seal on theinside leaving the second page with some thinning,slight split at fold but about very fine and rare.

£1,000-1,200

Company incorporated in Maine on 8th February 1796to build a toll-bridge across the Kennebec River at FortWestern (now preserved as the oldest log fort in the US)in Hallowell, Augusta. $19,800 was subscribed in $100shares. The bridge was completed in November 1797 at acost of $27,000, the resulting debts meaning that nodividend could be paid for eight years.

BANKS, INSURANCE AND FINANCE

697Baltimore Insurance Company, one share, [1796],no.198, issued to Robert Smith, scrollwork at left,black, attractive embossed seal at lower left, very fineand rare.

£1,000-1,500

This marine insurance company was incorporated in thestate of Maryland with a capital of $300,000 on 26thDecember 1795, just two days after the state’s first suchcompany. The United States’ only two other joint stockcompanies offering marine insurance at the time hadbeen incorporated in Pennsylvania in the previous year.

698Bank of the United States, 6% bond for £100 or2530 francs, Paris 1859, no.748, signed in Paris byMM de Rothschild Freres, ornate border, black, withcoupons, Dutch revenue stamp, fine to very fine.

£60-80

699Banque des Etats Unis (Bank of the UnitedStates), 6% bond, 1859, no.495, issued byRothschilds in 1859 and hand signed by a memberof the firm, ornate border, black, handstamps ofinterest, return of capital and distribution to 1871,folds but very fine and scarce.

£60-80

The second Bank of the United States to which this piecerelates, suspended payments in 1839 and was inliquidation by 1841. Holders in Europe of originalcertificates were issued these bonds in exchange and theoriginals were shipped back to the United States.

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BRITISH INVESTMENT IN THE UNITED STATES

702London & Californian Gold Quartz Crushing Co.,certificate for 5 shares of £1, 185[2], no.86-90,scrollwork at left, ornate title, black printing, onvellum, almost extremely fine and scarce.

£80-100

703Russell Gold Mining Co. Ltd., a group of 12debentures for £10, 18[87], numbers 118-121 and125-131 & 134, large format, red, with coupons,generally good very fine and better. (12)

£80-100

704Stratton’s Independence Ltd., 2/6d shares, fullypaid, [1913], no.6247, capital £125,000, scrollworkat left, red, very fine.

£100-120

701Panorama National des Etats-Unis (NationalPanorama of the United States), certificate for oneshare of 100 francs OR 100 dollars, Paris circa 1870,no.3311, very large format piece with bald eagle attop, text in English and French, black with brownunderprint, with coupons, very fine and scarce.

£60-80

WWW.SPINK.COM

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END OF THE SALE


706Tattersalls (of New York) Ltd., certificate for £1founders shares, 189[0], no.38, vignette of horseshead under title, scrollwork at left, purple, very fine.

£80-100

705Tattersalls (of Chicago) Ltd., certificate for £5founders shares, 189[2], no.38, vignette of horseshead under title, scrollwork at left, red, very fine.

£80-100

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TEL. HOME ______________________________________________ TEL. OFFICE ____________________________________________

FAX ____________________________________________________ E-MAIL ________________________________________________

SIGNATURE _______________________________________________ VAT NUMBER ___________________________________________

Please indicate the type of card: VISA VISA DEBIT MASTERCARD SWITCH AMERICAN EXPRESS

PAYMENT MADE BY MASTERCARD OR VISA ARE SUBJECT TO A 2% SURCHARGE AND AMERICAN EXPRESS 4%

CARD NO: START DATE: ISSUE NO: SECURITY CODE:

SIGNATURE EXPIRY DATE NAME (ON CREDIT CARD)

Please charge all purchases to my card

Do not charge my card. I will arrange to send payment. (Spink will only charge your card should you default on the payment terms agreed)

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SALE TITLE DATE CODE NAME SALE NO.

Bonds and Share Certificates Friday 30 May 2014 at 10.00 a.m. HOPPENSACK 14016of the World

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 will be the sum of the final bid and Buyer’s premium as a percentage of the final bid, any VAT chargeable, also a fee for bidding on the-saleroom.com onlyand surcharge for paying by credit card. The Rate of Premium is 20% of the final hammer price of each lot.

All bids shall be treated as offers made on the Terms and Conditions for Buyers printed in the catalogue. I also understand that Spink provides the service of executingbids on behalf of clients for the convenience of clients and that Spink will not be held responsible for failing to execute bids. If identical commission bids are received forthe same Lot, the commission bid received first by Spink will take precedence. Please note that you will not be notified if there are higher written bids received.

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

Lot Number(in numerical order)

Price Bid £(excluding Buyer’s Premium)






30 MAY 2014

LONDON

69 Southampton Row, Bloomsbury,London WC1B 4ETtel: +44 (0)20 7563 4005fax: +44 (0)20 7563 4037email: [email protected]

YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE. JUST VISIT WWW.SPINK.COM, REGISTER AND LOG

INTO THE SALE.

WRITTEN BIDS FORM

This form should be sent or faxed to theSpink auction office in advance of the sale.References for new clients should besupplied in good time to be taken upbefore the sale. Bids received later thanone hour before the start of the sale maynot be processed.

NAME ______________________________________________________

ADDRESS ____________________________________________________

____________________________________________________________

____________________________________________________________

POSTCODE ___________________________________________________


PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

TRADE REFERENCES ________________________________________________________________________________________

BANK REFERENCES _____________________________________________________________________________________________________







DATE

Friday 30 May 2014 at 10.00 a.m. 14016

VAT is chargeable on the Hammer price andthe Buyer’s premium of daggered (†) and (Ω)lots at the standard rate (currently 20%), andon lots marked (x) at the reduced rate(currently 5% on the Hammer price and 20%on the Buyer’s premium). VAT on MarginScheme lots (identified by the absence of anyVAT symbol next to the lot number) ispayable at 20% on the Buyer’s premium only.

BIDDING INCREMENTSBidding generally opens below the low estimate and advances in the following orderalthough the auctioneer may vary the bidding increments during the course of theauction. The normal bidding increments are:Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50

£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500

£20,000 and up Auctioneer’s discretion

SALE NO.


1 £802 £704 £2405 £1606 £2607 £4809 £4010 £9011 £8012 £6013 £7014 £4018 £15019 £10021 £6022 £12023 £27024 £14025 £10026 £3028 £20031 £7032 £9033 £5034 £6036 £7037 £7038 £5039 £10040 £10041 £9043 £7044 £6045 £3046 £3049 £6050 £8052 £4053 £5054 £7055 £80

56 £4057 £13058 £11059 £11060 £12061 £6062 £6063 £10064 £16065 £9066 £4067 £15068 £10069 £12070 £4071 £17072 £17075 £5077 £5078 £8079 £4080 £5081 £4082 £10083 £6084 £19087 £10089 £5090 £6091 £7093 £4094 £8097 £6098 £21099 £80100 £60101 £40102 £60103 £70104 £90105 £90

106 £60107 £130110 £50111 £40113 £70114 £80115 £100116 £50117 £100119 £70120 £90121 £70123 £170125 £110127 £80129 £150130 £150131 £120132 £180134 £240136 £100137 £50138 £100141 £60142 £100143 £120144 £110145 £160146 £250147 £70148 £110149 £70150 £60151 £60152 £70153 £60154 £90155 £180156 £200157 £160159 £400

161 £60165 £110166 £80169 £40170 £230173 £130175 £90176 £90177 £90179 £80180 £160181 £60182 £180183 £450184 £2,300185 £16,000186 £250187 £1,600188 £60189 £120193 £750194 £650195 £300196 £420197 £160198 £250199 £250200 £180202 £150203 £280204 £140205 £110206 £250207 £150208 £50209 £170210 £100212 £150213 £80214 £80215 £120

216 £130217 £140218 £2,700219 £110220 £270222 £1,050223 £900224 £2,800225 £2,100227 £500228 £480229 £550230 £130231 £350232 £210233 £420234 £750235 £1,200236 £1,200237 £2,350238 £520240 £100241 £6,500242 £140243 £200244 £320245 £420246 £1,300247 £750248 £750250 £450251 £700252 £380253 £1,600254 £1,100255 £160256 £320257 £750258 £650259 £420260 £260

261 £580262 £260263 £500264 £500265 £60267 £110268 £250269 £380271 £400272 £1,100273 £40274 £270275 £120276 £110278 £130279 £260280 £220281 £210283 £180284 £130285 £170288 £70289 £150290 £110291 £100292 £140293 £110294 £180298 £60302 £60303 £40305 £210308 £90309 £100310 £100311 £60312 £60313 £60314 £130316 £90327 £50

328 £30329 £60340 £20341 £290342 £80343 £220345 £40348 £70349 £40350 £240351 £220352 £80353 £60354 £140359 £80360 £900361 £1,200362 £110363 £50363A £80368 £40369 £70370 £80371 £40373 £90374 £70375 £40376 £70384 £80385 £70387 £110389 £90390 £80392 £100393 £210394 £90395 £90396 £40397 £50405 £480408 £40

AUCTION RESULTS

SALE: Bonds and Share Certificates of the World

SALE NO: 13017

DATE: Thursday 28 November 2013

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

Tel: (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 Price

410 £80412 £140413 £140414 £140418 £170419 £80423 £180424 £300425 £400426 £70428 £70430 £280431 £70435 £40437 £45439 £200439A £40445 £100446 £80446A £60450 £60451 £2,200452 £600453 £70455 £50456 £160457 £100463 £50466 £45467 £75468 £70471 £80

474 £50475 £480476 £100477 £62,000478 £150479 £80480 £150482 £90484 £90485 £80486 £120488 £45491 £90493 £70494 £40495 £320496 £70497 £40502 £110503 £90504 £50505 £100505A £150508 £40509 £320512 £50513 £60514 £110516 £150520 £50525 £40527 £70

529 £60531 £150533 £50534 £90535 £140536 £180537 £40538 £120539 £40540 £40541 £60542 £40544 £140545 £160546 £50547 £260548 £200549 £70550 £50553 £60554 £80556 £150557 £80558 £40559 £130560 £40563 £40564 £100565 £80566 £80567 £70569 £70

578 £40580 £30581 £50584 £110587 £60590 £80591 £80593 £40596 £100597 £50598 £120599 £70600 £70601 £60603 £190604 £1,200605 £1,200606 £70607 £70608 £90609 £150610 £140611 £100612 £220614 £70615 £60616 £90617 £200618 £110619 £40620 £40621 £80

622 £50623 £80624 £50625 £100626 £60627 £250628 £350629 £750630 £420631 £80633 £300634 £150635 £580636 £180637 £140638 £260639 £300642 £150643 £200644 £650645 £190646 £320647 £500648 £2,600649 £650650 £180651 £500652 £170653 £150654 £130655 £240656 £210

658 £240659 £500660 £200661 £300662 £240663 £300664 £420665 £200667 £40669 £300670 £550672 £450675 £140676 £160677 £220678 £580680A £130682 £180685 £200686 £300689 £350692 £140693 £200694 £150695 £400696 £40700 £70701 £30704 £2,200705 £700706 £50707 £120

708 £160709 £150710 £130711 £400712 £520715 £180716 £50719 £200720 £140722 £120723 £80724 £70725 £130727 £260729 £60733 £300734 £320735 £70736 £70737 £60738 £380740 £130741 £300742 £270743 £700


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 (12/13) (20)

1 DEFINITIONS The following definitions apply in these conditions:Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs;Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below; Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot; Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3; Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to

authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the descriptionin the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordancewith the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/orrestoration work of any kind (including re-enamelling);

Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot;Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in any

catalogue;Reserve the amount below which we agree with the Seller that the Lot cannot be sold;Seller means the owner of the Lot being sold by us; Spink Group Spink and Son Limited, our subsidiaries and associated companies.VAT value added tax chargeable under VAT and any similar replacement or additional tax; andVAT Symbols means the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.

2 SPINK’S ROLE AS AGENT

2.1 All sales undertaken by us either at auction or privately are undertakeneither as agent on behalf of the Seller or from time to time, as principalif we are the owner of the Lot. Please note that even if we are acting asagent on behalf of the Seller rather than as principal, we may have afinancial interest in the Lot.

2.2 The contract for the sale of the Lot will be between you and the Seller.

3 BEFORE THE 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 and web illustrations are for guidanceonly, and should not be relied on either to determine the tone orcolour of any item. No lot shall be rejected on the grounds ofinaccurate reproduction. No lot illustrated in the catalogue andonline shall be rejected on the grounds of cancellation, centring,margins, perforation or other characteristics apparent from theillustration. Estimates of the selling price should not be relied on asa statement that this price is either the price at which the Lot willsell or its value for any other purpose.

3.2.2 Many items are of an age or nature which precludes their beingin perfect condition and some descriptions in the catalogue or givenby way of condition report make reference to damage and/orrestoration. We provide this information for guidance only and theabsence of such a reference does not imply that an item is free fromdefects or restoration nor does a reference to particular defectsimply the absence of any others.

3.2.3 Other than as set out in clause 5.13, and in the absence of fraud,neither the Seller nor we, nor any of our employees or agents, areresponsible for the correctness of any statement as to theauthorship, origin, date, age, attribution, genuineness orprovenance of any Lot nor for any other errors of description or forany faults or defects in any Lot. Every person interested shouldexercise and rely on his own judgment as to such matters.

3.3 Your ResponsibilityYou are responsible for satisfying yourself as to the condition of thegoods and the matters referred to in the catalogue description.

3.4 Extensions – Stamps only3.4.1 If you wish to obtain an expert opinion or Certificate of

Authenticity on any Lot (other than a mixed Lot or Lot containingundescribed stamps) you must notify us in writing not less thanforty-eight hours before the time fixed for the commencement ofthe first session of the sale. If accepted by us, such request shall havethe same effect as notice of an intention to question the

genuineness or description of the Lot for the purposes of clause5.13 (Refund in the case of Forgery) of these Terms andConditions and the provisions of clause 5.13 (Refund in the case ofForgery) shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate ofAuthenticity must give the reason why such opinion is required andspecify the identity of your proposed expert which will be subjectto agreement by us. We reserve the right, at our discretion, torefuse a request for an expert opinion or Certificate of Authenticityincluding (without limitation) where the proposed expert is notknown to us.

3.4.3 If we accept a request for an expert opinion or Certificate ofAuthenticity we will submit the Lot to the Expert Committee. Youacknowledge and accept that the length of time taken by an ExpertCommittee to reach an opinion will vary depending on thecircumstances and in any event is beyond our control.

3.4.4 We will not accept a request for an extension on account ofcondition. Any Lot described in the catalogue as having faults ordefects may not be returned even if an expert opinion or Certificateof Authenticity cites other faults or defects not included in thecatalogue description, other than in the case of a Forgery.

3.4.5 Should Spink accept a request for an extension under theforegoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the Lot.

3.4.6 It should be noted that any stamp accompanied by a Certificateof Authenticity is sold on the basis of that Certificate only and noton the basis of any other description or warranty as to authenticity.No request for an extension will be accepted on such a stamp andthe return of such a stamp will not be accepted.

3.4.7 If you receive any correspondence from the Expert Committeein relation to the Lot, including but not limited to a Certificate ofAuthenticity, you must provide us with copies of suchcorrespondence no later than 7 days after you receive suchcorrespondence.

4 AT THE 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.If you have not bid successfully with Spink in the past, or you areregistering with us for the first time, we reserve the right to require adeposit of up to 50% of the amount you intend to spend. Such depositwill be deducted from your invoice should you be successful. If you areunsuccessful at auction, your deposit will be returned by the samemeans it was paid to Spink.Some lots may be designated, prior to the auction, as “Premium Lots”,which means a deposit may be required before placing a bid on theitem for sale. Information will be posted on our website in such anevent.


Spink Uni (12/13) (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 on www.spink.com andSpink Live is a free service undertaken subject to other commitments atthe time of the auction and we do not accept liability for failing toexecute an online internet bid or for errors or omissions in connectionwith this activity. Buyers who acquire lots on the-saleroom.com willhave a fee of 3% on the hammer price added to their invoice for usingthis facility.

4.6 Telephone BidsIf you make arrangements with us not less than 24 hours before thesale, we shall use reasonable endeavours to contact you to enable youto participate in bidding by telephone, but in no circumstances will webe liable to either the Seller or you as a result of failure to do so.

4.7 Currency ConverterAt some auctions, a currency converter will be operated, based on theone month forward rates of exchange quoted to us by Barclays BankPlc or any other appropriate rate determined by us, at opening on thedate of the auction. Bidding will take place in a currency determined byus, which is usually sterling for auctions held in London. The currencyconverter is not always reliable, and errors may occur beyond ourcontrol either in the accuracy of the Lot number displayed on theconverter, or the foreign currency equivalent of sterling bids. We shallnot be liable to you for any loss suffered as a result of you following thecurrency converter.

4.8 Video imagesAt some auctions there will be a video screen. Mistakes may occur in itsoperation, and we cannot be liable to you regarding either thecorrespondence of the image to the Lot being sold or the quality of theimage as a reproduction of the original.

4.9 Bidding IncrementsBidding generally opens below the low estimate and advances in thefollowing order although the auctioneer may vary the biddingincrements during the course of the auction. The normal biddingincrements are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretion

4.10 Bidding by Spink4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to

the amount of the Reserve (if any), which will never be above thelow estimate printed in the auction catalogue.

4.10.2 The Spink Group reserves the right to bid on and purchaseLots as principal.

4.11 The Auctioneer’s DiscretionThe auctioneer has the right at his absolute discretion to refuse any bidto advance the bidding in such manner as he may decide to withdrawor divide any Lot, to combine any two or more Lots and, in the case oferror or dispute, to put an item up for bidding again.

4.12 Successful BidSubject to the auctioneer’s discretion, the striking of his hammer marksthe acceptance of the highest bid, provided always that such bid ishigher than the Reserve (where applicable), and the conclusion of acontract for sale between you and the Seller.

4.13 After Sale 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 LotOnce your bid has been accepted for a Lot then you are liable to payfor that Lot in accordance with these Terms and Conditions. If thereare any problems with a Lot then you must notify us within 7 days ofreceipt of the Lot, specifying the nature of the problem. We may thenrequest that the Lot is returned to us for inspection. Save as set out inclause 5.13, the cancellation of the sale of any Lot and the refund ofthe corresponding purchase price is entirely at our sole discretion. Wewill not normally exercise that discretion if the Lot is not received byus in the same condition that it was in at the auction date.

5 AFTER THE AUCTION5.1 Buyer’s Premium and other charges

In addition to the Hammer Price, you must pay us the Buyer’sPremium at a rate of 20% of the final Hammer price of each lot, a feeof 3% on the hammer price total for using the-saleroom.com and asurcharge for paying by credit card.

5.2 Value Added TaxOther than in respect of Zero-rated Lots (o) VAT is chargeable on theHammer price and the Buyer’s premium of daggered (†) and (Ω) lotsat the standard rate (currently 20%), and on lots marked (x) at thereduced rate (currently 5% on the Hammer price and 20% on theBuyer’s premium). VAT on Margin scheme lots (identified by theabsence of any VAT symbol next to the lot number) is payable at 20%on the Buyer’s premium only.

5.3 VAT RefundsGeneral5.3.1 As we remain liable to account for VAT on all Lots unless they

have been exported outside the EU within 3 months of the date ofsale, you will generally be asked to deposit all amounts of VATinvoiced. However, if a Spink nominated shipper is instructed, thenany refundable VAT will not be collected. In all other cases creditswill be made when proof of export is provided. If you export theLot yourself you must obtain shipping documents from theShipping Department for which a charge of £50 will be made.

5.3.2 If you export the Lot you must return the valid proof of exportcertificate to us within 3 months of the date of sale. If you fail toreturn the proof of export certificate to us within such period andyou have not already accounted to us for the VAT, you will beliable to us for the full amount of the VAT due on such Lot and weshall be entitled to invoice you for this sum.

5.3.3 To apply for a refund of any VAT paid, the proof of exportcertificate must be sent to our Shipping Department clearly marked‘VAT Refund’ within 3 months of the date of sale. No payment willbe made where the total amount of VAT refundable is less than £50and Spink will charge £50 for each refund processed.

VAT Refunds - Buyers from within the EU5.3.4 VAT refunds are available on the Hammer Price and Buyer’s

Premium of Daggered (†) and Investment Gold (g) Lots. You mustcertify that you are registered for VAT in another EU country andthat the Lot is to be removed from the United Kingdom within 3months of the date of sale.

5.3.5 Where an EU buyer purchases a Lot on which import VAT hasbeen charged, no refund of VAT is available from us. It may bepossible to apply directly for a refund on form VAT 65 toHM Revenue & Customs Overeseas Repayment Section,Londonderry.

VAT Refunds – Buyers from outside the EU5.3.6 Where a Lot is included within the Auctioneers’ Margin Scheme

and evidence of export from the EU is produced within 3 monthsof the date of sale, the VAT on Buyer’s Premium may be refunded.

5.3.7 Where the Lot is marked as a Daggered (†) or Investment Gold(g) Lot the VAT charged on the Hammer Price may be refundedwhere evidence of export from the EU is produced within 3months of the date of sale. A refund of VAT charged on the Buyer’sPremium can also be made on receipt of proof of business as acollectibles dealer.

5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an ImportVAT (x) Lot and evidence of export from the EU is producedwithin 3 months of the date of sale, the VAT charged on both theHammer Price and Buyer’s Premium may be refunded. Whererequired, we can advise you on how to export such Lots as a specificform of export evidence is required. Where we advise you on theexport of the Lots, please be aware that the ultimate responsibilityin respect of obtaining a valid proof of export certificate will lie withyou and we will not be responsible for your failure to obtain suchcertificate.


Spink Uni (12/13) (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 have been paid in full. This includes instances where specialarrangements were made for release of Lot prior to full settlement.

5.4.3 Payment should be made in sterling by one of the followingmethods:II(i) Direct bank transfer to our account details of which are set

out on the invoice. All bank charges shall be met by you.Please ensure that your client number is noted on thetransfer.

i(ii) By cheque or bank draft made payable to Spink and Son Ltdand sent to Spink at 69 Southampton Row, Bloomsbury,London WC1B 4ET. Please note that the processing chargesfor payments made by cheques or bank drafts drawn on anon-U.K bank shall be met by you. Please ensure that theremittance slip printed at the bottom of the invoice isenclosed with your payment.

(iii) By Visa or Mastercard. A charge of 2% will be applied.Payments exceeding £5,000 can normally only be made bythe card holder in person whilst on our premises.

5.4.4 Payments should be made by the registered buyer and not bythird parties, unless it has been agreed at the time of registrationthat you are acting as an agent on behalf of a third party.

5.5 InvoicesInvoices may consist of one or more pages and will show: Zero ratedLots (o); no symbol Lots sold under the Auctioneers’ Margin Scheme;Lots marked (g) special scheme Investment Gold; Daggered Lots (†),imported Lots marked (x) and (Ω), (e) Lots with Zero rated hammerfor EU VAT registered buyers.

5.6 Collection of Purchases5.6.1 Unless specifically agreed to the contrary, we shall retain lots

purchased until all amounts due to us, or to the Spink Group, havebeen paid in full. Buyers will be required to pay for their lots whenthey wish to take possession of the same, which must be within 7days of the date of the sale, unless prior arrangements have beenmade with Spink. Without prior agreement, lots will not be releaseduntil cleared funds are received with regard to payments made bycheque.

5.6.2 Unless we notify you to the contrary, items retained by us willbe covered in accordance with our policy which is available forinspection at our offices from the date of sale for a period of sevendays or until the time of collection, whichever is sooner. After sevendays or from the time of collection, whichever is the earlier, the Lotwill be entirely at your risk.

5.6.3 Our policy will not cover and we are unable to acceptresponsibility for damage caused by woodworm, changes inatmospheric conditions or acts of terrorism.

5.7 NotificationWe are not able to notify successful bidders by telephone. WhileInvoices are sent out by mail after the auction we do not acceptresponsibility for notifying you of the result of your bid. You arerequested to contact us by telephone or in person as soon as possibleafter the auction to obtain details of the outcome of your bids to avoidincurring charges for late payment.

5.8 Packing and handling5.8.1 We shall use all reasonable endeavours to take care when

handling and packing a purchased Lot but remind you that afterseven days or from the time of collection, whichever is sooner, theLot is entirely at your risk. Our postage charges are set out at theback of the catalogue.

5.8.2 It is the responsibility of the Buyer to be aware of any ImportDuties that may be incurred upon importation to the finaldestination. Spink will not accept return of any package in order toavoid these duties. The onus is also on the Buyer to be aware of anyCustoms import restrictions that prohibit the importation ofcertain collectibles. Spink will not accept return of the Lot(s) underthese circumstances. Spink will not accept responsibility for Lot(s)seized or destroyed by Customs.

5.8.3 If the Buyer requires delivery of the Lot to an address other thanthe invoice address this will be carried out at the discretion ofSpink.

5.9 Recommended packers and shippersIf required our shipping department may arrange shipment as youragent. Although we may suggest carriers if specifically requested, oursuggestions are made on the basis of our general experience of suchparties in the past and we are not responsible to any person to whomwe have made a recommendation for the acts or omissions of the thirdparties concerned.

5.10 Remedies for non-payment or failure to collect purchases5.10.1 If you fail to make payment within seven days of your stipulated

payment date set out in your invoice, we shall be entitled to exerciseone or more of the following rights or remedies:

5.10.1.1 to charge interest at the rate of 2% per month compoundinterest, 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 collect

Where 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 the

receipt of the Lot(s), that in your view the Lot concerned is aForgery;

5.13.1.2 you must then return the item to us within fourteen daysfrom receipt of the Lot(s), in the same condition as at theauction date; and


Spink Uni (12/13) (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.

5.13.1.4 you must provide to us all evidence obtained by you thata Lot is a Forgery no later than 7 days after you receive suchevidence.

5.13.2 In no circumstances shall we be required to pay you any morethan the amount paid by you for the Lot concerned and you shallhave no claim for interest.

5.13.3 The benefit of this guarantee is not capable of beingtransferred, and is solely for the benefit of the person to whom theoriginal invoice was made out by us in respect of the Lot when soldand who, since the sale, has remained the owner of the Lot withoutdisposing of any interest in it to any third party.

5.13.4 We shall be entitled to rely on any scientific or other process toestablish that the Lot is not a Forgery, whether or not such processwas used or in use at the date of the auction.

6 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 Jurisdiction

10.5.1 These Terms and Conditions and any dispute or claim arisingout 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 Auction

The information shown on this page sets out the way in which Spink intends toaccount for VAT.

i. Auctioneers’ Margin Scheme

1. Where possible, we will offer Lots for sale under the Auctioneers’Margin Scheme. Such Lots can be identified by the absence of anyVAT symbol next to the Lot number in the catalogue and will not besubject to VAT on the Hammer Price.

2. Where Lots are sold using the Auctioneers’ Margin Scheme to UKVAT–registered businesses, the VAT on Buyers’ Premium is notrecoverable as input tax. Upon request on sale day, we will issueinvoices that show VAT separately on both the Hammer Price andthe Buyer’s Premium. This will enable VAT-registered businesses torecover the VAT charged as input tax, subject to the normal rules forrecovering input tax.

ii. Zero-Rated Lots

Limited Categories of goods, such as books, are Zero-rated (o) for VAT inthe United Kingdom. Such Lots are offered under the Auctioneers’ MarginScheme. In these circumstances no VAT will be added to the Buyer’spremium.

iii. Daggered Lots

Lots which are Daggered (†) in the catalogue are subject to VAT at 20%on both the Hammer Price and the Buyer’s Premium.

iv. Imported and Omega Lots

Lots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer price plus 20% on the Buyer’s premium. Lots which bear theOmega symbol (Ω) are subject to VAT at 20% on the Hammer Price andon the Buyer’s Premium. This VAT is payable on items imported fromoutside the EU. In these cases we have used a temporary importationprocedure, which in effect means that the point of importation is deferreduntil the Lot has been sold. At this point the Buyer is treated as theimporter and is liable to pay the import VAT due. We will collect the VATfrom you and pay it to HM Customs and Excise on your behalf.

v. Investment Gold Lots

Lots marked (g) in the catalogue are exempt from VAT on the HammerPrice and are subject to VAT at 20% on the Buyer’s Premium. A refund ofVAT charged on the Buyer’s Premium can also be made on receipt of proofof business as a collectibles dealer outside of the EU.

Invoice Value UK EU Rest of the WorldUp to £1,500 £10 £15 £20

Up to £10,000 £20 £30 £40

Above £10,001 £20 £50 £60

Weight UK EU Rest of the WorldUp to 1kg £8 for any weight £12 £15

Up to 2kg £8 for any weight £18 £25


BANKNOTES

17/18 June The Numismatic Collector’s Series Sale New York 32015 July World Banknotes London 14009 21 August The Numismatic Collector’s Series Sale Hong Kong CSS1117/18 September The Numismatic Collector’s Series Sale New York 321 30 September World Banknotes London 14013 1/2 October World Banknotes London 14013 15 November The Numismatic Collector’s Series Sale Hong Kong CSS13

SALE CALENDAR 2014

The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –

– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

STAMPS

14 May Specialised Great Britain Stamps and Postal History London 14022 15 May The J. E. Safra Collection of Classic Great Britain Rarities,

Including 1840 One Penny Blacks, 1840 Two Penny Blues and the famousKing George V 1d. Tete Beche Pair London 14028

21 May The J. E. Safra 24c Inverted Jenny New York 14921/22 May The Philatelic Collector’s Series Sale New York 1487 June The Philatelic Collector’s Series Sale Hong Kong CSS107 June The Philatelic Collector’s Series Sale Lugano SW101317 June Rhodesia Featuring Arms and Admiral Issues from the Vestey Collection London 1402918 June The “Garrison” Collection of New Guinea “G.R.I.” Surcharges London 1402319 June The “Lionheart” Collection of Great Britain and British Empire, Part III London 140279 July British Europe including Long Island from the Vestey Collection London 1403010 July The Philatelic Collector’s Series Sale London 1402427/28 August The Philatelic Collector’s Series Sale New York 15020 September The Philatelic Collector’s Series Sale Hong Kong CSS1220 September Stamps and Covers of South East Asia Singapore 1402625 September Great Britain from the Vestey Collection London 1403116 October Australian Commonwealth from the Vestey Collection London 1403226/27 November The Philatelic Collector’s Series Sale London 1402511 December The Leeward Islands, Bahamas and Turks Islands from the Vestey Collection London 14033

COINS

17/18 June The Numismatic Collector’s Series Sale New York 320 25/26 June Ancient, British & Foreign Coins and Commemorative Medals London 14005 21 August The Numismatic Collector’s Series Sale Hong Kong CSS1117/18 September The Numismatic Collector’s Series Sale New York 32122/23 September Ancient, British & Foreign Coins and Commemorative Medals London 14006 15 November The Numismatic Collector’s Series Sale Hong Kong CSS133/4 December Ancient, British & Foreign Coins and Commemorative Medals London 14007

MEDALS

24 July Orders, Decoration, Campaign Medals & Militaria London 14002 20 November Orders, Decoration, Campaign Medals & Militaria London 14003

BONDS AND SHARES

30 May Bonds and Share Certificates of the World London 14016 7 June Bonds and Share Certificates of the World Lugano SW101217/18 June The Numismatic Collector’s Series Sale New York 32021 August The Numismatic Collector’s Series Sale Hong Kong CSS1115 November The Numismatic Collector’s Series Sale Hong Kong CSS1328 November Bonds and Share Certificates of the World London 14017

AUTOGRAPHS

17/18 June The Numismatic Collector’s Series Sale New York 32017/18 September The Numismatic Collector’s Series Sale New York 321

WINES

29 May An Evening of Exceptional Wines Hong Kong SFW0831 July An Evening of Exceptional Wines Hong Kong SFW09

GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

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

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando Martínez

CHINA - Anna LeeCOINS

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

USA - Stephen Goldsmith Greg ColeCHINA - Kin Choi Cheung

BANKNOTES, BONDS & SHARES

UK - Barnaby Faull Mike Veissid Andrew Pattison Monica KruberUSA - Stephen GoldsmithEUROPE - Peter Christen

CHINA - Paul Pei Po Chow Kelvin CheungORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John HaywardBOOKS

UK - Philip Skingley Jennifer MulhollandAUTOGRAPHS

USA - Stephen GoldsmithWINES

CHINA - Vincent Cleme Anna Lee Guillaume Willk-Fabia

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeCharles Blane

DirectorsTim Hirsch Anthony Spink

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

Kenichiro Imase María Martínez Maurizio Schenini

FinanceAlison Bennet Marco Fiori Mina Bhagat Dennis Muriu Billy Tumelty Dean Dowdall

IT & AdministrationBerdia Qamarauli Leszek Woronowicz Liz Cones Curlene Spencer

Tom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK)

Auction Administration and Marketing & DesignSonia Alves Luke Mitchell Madison Lang

Finance & AdministrationAleena Nieves

AuctioneerStephen Goldsmith

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

Vice ChairmanAnna Lee

AdministrationAngie Ihlofung Amy Yung Newton Tsang Raymond Tat Gary Tan

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


30 MAY 2014

LONDON

£25

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bonds and share certificates of the world - 14016

Documents