bonds & share certificates of the world

BONDS & SHARECERTIFICATES

OF THE WORLD

18 May 2012 • London© Copyright 2012

£25

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ondonSTAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

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

Bonds 12010 cover:Layout 1 12/4/12 10:23

Banknotes22 April The Collector’s Series Sale Hong Kong 1202824/25 April World Banknotes London 1202218/19 May The Collector’s Series Sale Fort Worth 31330 June The Collector’s Series Sale Hong Kong 1203222/23 August The Collector’s Series Sale New York 31425 August The Collector’s Series Sale Hong Kong 120332 October The David Kirch Collection of Bank of England Notes - Part I London 120342 October The David Kirch Collection of English Provincial Banknotes - Part I London 120353/4 October World Banknotes London 1202313/14 November The Collector’s Series Sale New York 3156 December World Banknotes London 12024

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

AUCTION CALENDAR 2012

The above sale dates are subject to change

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

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

Stamps22 April The Collector’s Series Sale Hong Kong 120282 May The Adriano Landini Collection of Fine Covers of the World London 120303 May The Chartwell Collection - GB King George V including Seahorses London 1201420 June The “Franschhoek” Collection of Cape of Good Hope Triangular and Rectangular Issues London 1203120 June Palestine Stamps and Postal History London 1203630 June The Collector’s Series Sale Hong Kong 120325 July The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part III London 1201511 July The Collector’s Series Sale London 1201619/20 July The Collector’s Series Sale New York25 August The Collector’s Series Sale Hong Kong 1203312 September The Chartwell Collection - GB King Edward VIII, King George VI and Queen Elizabeth II London 1201713 September Great Britain Stamps Specialised Sale London 1201813/14 September The Collector’s Series Sale New York23 September Fine Stamps and Covers of South East Asia Singapore 12019Early October The Collector’s Series Sale Hong Kong8/9 November The Collector’s Series Sale New York14 November The Collector’s Series Sale London 1202012 December The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part IV London 12021

Coins22 April The Collector’s Series Sale Hong Kong 1202818/19 May The Collector’s Series Sale Fort Worth 31328 June Ancient, English & Foreign Coins and Commemorative Medals London 1202530 June The Collector’s Series Sale Hong Kong 1203222/23 August The Collector’s Series Sale New York 31425 August The Collector’s Series Sale Hong Kong 1203327 September Ancient, English & Foreign Coins and Commemorative Medals London 1202613/14 November The Collector’s Series Sale New York 3154 December Ancient, English & Foreign Coins and Commemorative Medals London 12027

Medals19 April Orders, Decorations, Campaign Medals & Militaria London 1200219 July Orders, Decorations, Campaign Medals & Militaria London 1200322 November Orders, Decorations, Campaign Medals & Militaria London 12004

Bonds and Shares22 April The Collector’s Series Sale Hong Kong 1202818 May Bonds and Share Certificates of the World London 1201018/19 May The Collector’s Series Sale Fort Worth 31330 June The Collector’s Series Sale Hong Kong 1203222/23 August The Collector’s Series Sale New York 31425 August The Collector’s Series Sale Hong Kong 1203313/14 November The Collector’s Series Sale New York 31528 November Bonds and Share Certificates of the World London 12011

Autographs18/19 May The Collector’s Series Sale Fort Worth 31322/23 August The Collector’s Series Sale New York 31413/14 November The Collector’s Series Sale New York 315

Wines24 May An Evening of Exceptional Wines Hong Kong SFW02July An Evening of Exceptional Wines Hong KongSeptember An Evening of Exceptional Wines Hong KongNovember An Evening of Exceptional Wines Hong Kong

Group Chairman and CEOOlivier D. Stocker

Your Specialists

StampsUK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill Granger

Paul Mathews Dominic Savastano Tom SmithUSA - Chris Anderson George Eveleth Andrew Titley Ed Robinson Rick Penko

Europe - Guido Craveri Fernando MartínezChina - Anna Lee Johnny Sang

CoinsUK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKay

Arthur Bryant Barbara Mears John Pett George ChampUSA - Stephen Goldsmith Matthew Orsini Normand Pepin

China - Mark Li

Banknotes, Bonds & SharesUK - Barnaby Faull Mike Veissid Andrew Pattison

USA - Stephen Goldsmith Matthew OrsiniChina - Mark Li

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

BooksUK - Philip Skingley Alex Smith

AutographsUSA - Robert Litzenberger

WinesChina - Anna Lee

Your Europe Team (London - Lugano)

Chairman’s OfficeDennis Muriu Monica Kruber

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamEmily Johnston Miroslava Adusei-Poku Charles Blane

Luca Borgo Phillipa Brown Rita Ariete María Martínez

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

IT & AdministrationBerdia Qamarauli Liz Cones Curlene Spencer John Winchcombe Bobby McBrierty Tom Robinson

Your America Team (New York - Dallas)

Chairman EmeritusJohn Herzog

Auction AdministrationRick Penko Patricia Gardner

Marketing & DesignJames McGuire Emily Cowin Clyde Townsend

Finance & AdministrationSam Qureshi Ingrid Qureshi Marcy Gottberg Ed Robinson

AuctioneersStephen Goldsmith Tracy Shreve Andrew Titley

Your Asia Team (Hong Kong - Singapore)

Vice ChairmanAnna Lee

AdministrationAmy Yung Raymond Tat Gary Tan

Bonds 12010 cover:Layout 1 12/4/12 10:23

Bonds and Share Certificates of the WorldFriday 18 May 2012 at 10.00 a.m.

Viewing at 69 Southampton Row:Thursday 17 May 2012 10.00 a.m.- 5.00 p.m.and during the sale

YOUR SPINK TEAM FOR THIS SALE

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

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

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

For your payment:Shyam Padhiar+44 (0)20 7563 4018 / [email protected]

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

In sending commission bids or making enquiries,this sale should be referred to as NELSON - 12010

Sale Location:Spink, 69 Southampton Row, Bloomsbury

London WC1B 4ET

and on

Vat No: GB 791627108

Telephone: 020 7563 4000Fax: 020 7563 4066

Web Site:For more information about

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

www.spink.com

Purchase a catalogue:Please telephone

020 7563 4108 orfax 020 7563 4037 or

e-mail [email protected] for details.

Spink is pleased to continue to offer Spink Live, the internet bidding service which has revolutionized the way in which our clients bid at auction. If you have not already had the opportunity to try this state-of-the-art bidding tool feel free tocontact us today for personal assistance in getting started. We are very proud of how the programme has developed over the years and are looking forward to a record breaking year in 2012. For more information contact Berdia Qamarauli todayTel: +44 (0)20 7563 4089 Email: [email protected]

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

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

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Front Cover Illustration: Lot 191 Back Cover Illustrations: Lots 161 and 336

Bonds 12010 pages:Layout 1 12/4/12 07:17 Page 1

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Bonds and Share Certificates of the World

Page 2

ANGOLA 11

ARGENTINA 474-493

AUSTRALIA 155-170

AUSTRIA 194-195

BELGIUM 196-198

BOSNIA-HERZOGOVINA 199

BRAZIL 494-514

BRITISH EAST AFRICA 12-14

BULGARIA 200

CANADA 177-193

CHILE 515-520

CHINA 55-140

COCOS (KEELING) ISLANDS 171

COLUMBIA 521

CONFEDERATE STATES OF AMERICA 639-654

COSTA RICA 522-523

CROATIA 201-202

CUBA 524-534

CZECHOSLOVAKIA 203-205

DENMARK 206-208

DOMINICAN REPUBLIC 535

ECUADOR 536

EGYPT 15-28

EL SALVADOR 537-539

ESTONIA 209

FRANCE 210-232

FRENCH CONGO 29

FRENCH INDO-CHINE 141

GERMANY 233-249

GREAT BRITAIN 354-470

GREECE 250-262

GUATAMALA 540-541

HONDURAS 542-545

HUNGARY 263

ICELAND 264

INDIA 142-143

ITALY 265

JAPAN 144-150

MALAYSIA 151

MEXICO 546-558

MONTENEGRO 266

NETHERLANDS 267

NEW ZEALAND 172-175

OTTOMAN EMPIRE 30-35

PALESTINE 36-38

PANAMA 559

PERU 560

PORTUGAL 268-275

POYAIS 561

PUERTO RICO 562

REUNION 39

RHODESIA 40

ROUMANIA 276-278

RUSSIA 569-633

SAMOA 176

SOUTH AFRICA 41-50

SPAIN 279-280

SWEDEN 351

SWITZERLAND 352-353

THAILAND/SIAM 152-154

TUNISIA 51-53

UNITED STATES 634-695

URUGUAY 563-565

VENEZUALA 566

WEST AFRICA 54I

INDEX BY COUNTRY


May 18, 2012 - London

Agriculture 161, 193, 230

Aviation 395, 687

Banking 15, 17, 21, 33, 36-37, 141, 150, 197, 199, 204-205, 206, 240, 263, 277, 278, 463, 470, 491, 520,

523, 535, 538, 541, 554, 555, 565, 611, 612, 615

Breweries/Wineries 198, 231, 399, 434, 617, 618, 689

Bridges 442, 464, 465, 466

Building 338

Buses 396

Canals & Irrigation 334, 363-371

Casinos 213

City Loans 139, 148-149, 180-182, 203, 235-239, 490, 510-511, 526, 548, 550, 563, 578-592

Coal 187, 191, 401, 430, 433, 686

Coffee 29

Colonial Trade 12-14, 31

Cycles 415

Docks & Warves 172, 348, 461, 462, 474, 688

18th Century 336, 337

Electricity 189A, 191

Exhibitions 459

Film 405,

Finance 140, 431

Food & Drink 28, 176, 211-212, 226, 272, 492

Football 407

Gas 425, 436, 437, 438

Government 30, 45, 64-69, 78-79, 98-120, 122-131, 133-135, 138, 144-146, 152-154, 167, 183, 195, 200, 209-210, 234, 250-251, 253-259, 266, 276, 279-332, 354-360, 474-490, 494-513,

515-519, 521, 524, 525, 537, 542, 546-551, 559, 561, 562, 566, 569-577, 639-660

Gramophones 410

Hotels 404

Industrial 51

Insurance 196, 220, 419, 420, 443, 445, 446, 447

Investement 427, 680

Land 16, 19, 53, 190, 613, 675, 681

Leisure 221-224, 227, 229, 244, 267

Mining 40-43, 46-50, 156-159, 162-164, 169-170, 174, 177, 189, 192, 205A, 216, 245-247, 265,

268, 342, 343, 344, 346, 347, 349, 350, 422, 423, 424, 432, 433, 450, 453, 455, 539, 543, 544, 545,

558, 560, 627, 628, 629, 634, 671, 691, 693, 694, 695

Miscellaneous Lots 1-3, 7-10, 44, 54-63, 142-143, 151, 155, 178-179, 201

Motor cars 5, 18, 215, 219, 225, 228, 241-242, 333, 340, 341, 415, 426, 428, 449, 674

Oil 275, 414, 614, 621, 625, 626, 630, 631, 633, 672, 673, 692

Piers 441

Pottery 274

Printing 439, 454

Public Utilities 440, 467, 468

Publishing 439

Radio 410, 456

Railways 20, 70-77, 80-97, 121, 132, 136, 165-166, 175, 184-186, 248, 252, 261, 335, 343, 372-394, 457,471, 472, 499, 522, 527-534, 536, 542, 552, 553, 556,

557, 593-610, 637, 661-670

Rubber 176

Salvage 171

Schools & Colleges 429

Shipbuilding 218

Shipping 52, 160, 217, 397, 411, 452, 616, 679

Shops and Stores 352, 619

Sport 406, 407

Sugar 514

Textiles 262, 339, 622, 623, 624

Theatre 232, 405, 448, 564

Tobacco & Matches 351, 435, 632

Tramways 4, 214, 396, 421, 637

Turnpikes 682, 683, 684, 685

Wine 345

Wood 188

THEMATIC INDEX


INTERNATIONAL BOND AND SHARE SOCIETY

———— LONDON FAIR ————

Saturday 19th May 2012London Fair Hours 10.30 am to 4.00 pm (Dealer set-up at 10.00 am)

IMPERIAL HOTEL – LONDONRussell Square, London WC1B 5BB

All visitors are welcome.

Free entry.

Refreshments available all day.

About 20 Dealers and Auctioneers will be attending from the U.K., Europeand other countries.

Your ideal opportunity to add to your collection.

For further information please contact either

Mike Veissid ([email protected]) or

Bruce Castlo ([email protected])



COLLECTIONS AND LOTS1A miscellaneous group of certificates, comprising,Victorian Consolidated Goldfields, Ltd., 1905; BritishSouth Africa Company, issued for the Beira RailwayCompany, 1905; Niagra (Mexico) Silver Mine Ltd.,1912 (2 examples); Laminated Gears Ltd., 1913; £310s War stock 1936; General Oilfields Ltd., 1915, andothers (3), generally fine to about very fine. (10)

£60-80

2An interesting group of certificates, comprisingThomas A. Edison, Jr. and William Holzer Steel andIron Process Co., $100 shares, 1[900], signed byThomas A. Edison Jr.; Ruby and DunderbergConsolidated Mining Co. (1885) Ltd., £1 shares,18[85]; Victoria District (Mashonaland) Gold MiningCo. Ltd., £1 shares, 18[93], some discolouration;Borneo Diamond Exploration Syndicate Ltd., £500shares, of only 40 issued, 18[89], ink smudges;Liberty Mining Co., 5 shares of £1, 1852; a CantonKowloon Railway £100 bond, 1907, and, S.A. desBouffes-Parisiens Transformes, 250 francs, circa 1920,generally very fine or nearly so. (7)

£100-150

3A rather miscellaneous group of certificates,comprising Sun Fire Office, fire policy, 1[800],vignette of sun flanked by firemen, black, stained attop; Howe Machine Company, certificates for 100franc share (2) and 5 shares of 100 francs (2), vignettesof cycle and sewing machine; French Rand GoldMining Co. Ltd., 1902; Buffelsdoorn Estate and GoldMining Co. Ltd., 25 shares of £1, 1[899], and, anAustrian State loan, 1860, 100 gulden, mixedcondition, fine to very fine. (8)

£100-120

4A collection of Tramway companies (17), fromGreat Britain, U.S.A., France, Italy, South Americaand Russia, including Llandudno and Colwyn BayElectric Traction Co. Ltd., 1905, several withvignettes, the American pieces mostly cancelled,generally very fine and better. (17)

£100-120

5Motor cars and Road transport: a group ofcertificates comprising Great Britain: New MotivePower Syndicate Ltd., 1897; Willys Overland CrossleyLtd., 1926, only fair condition; Harper Bean Ltd.,1920; Clayton Dewandre Co. Ltd., 1940: U.S.A.Emmerson Motors Co., 1916; Cole Motor Car Co.,temporary certificate, 1916; American Austin Car Co.inc. temporary certificate, 1929; Kaiser-FrazerCorporation, 1946; Packard Motor Car Co., 1943,and France, Soc. Gen. de Construction de Voitures et d’Automobiles, 1900, and, S.A. des AncientEtablissements de la Mare, Gilbert & Cie., 1927, fineto very fine (11)

£100-120

6Pacific Petroleum Ltd., £1 shares, 191[7], vignetteof oil derricks at top left, red (5 examples); UnitedMexican Oilfields Ltd., 19[19], derricks at top left,black, printed by Waterlow & Sons; Maikop StandardOil Fields Ltd., 5/- shares, 191[1], blue, and othercertificates (3), some damp stains and rust marks, acouple with edge tears, the first very fine, the rest fine andbetter. (10)

£100-150

7A miscellaneous accumulation of worldwide bondsand share certificates (65), from Brazil, Egypt,France, Great Britain, Russia and U.S.A., includesBrazil Railway Company, 500 franc bond, 1909;Egyptian Delta Light Railways Ltd., £100 debenture,1897; Confederate $500 and $100 bonds, and, New York and Oswego Midland Rail Road Co., $500 bond, 1868, issued by the Town of Volney, New York State, a few are unissued, several arecancelled, mixed condition but many are very fine. (65)

£140-180

8An accumulation of 31 certificates mostly from theU.S.A. and Russia, including State of Saxony, 1917,£20, edge tears at left; Confederate States bonds for$100 and $1000; a group of 12 Isabella Gold MiningCo. certificates, 1900 to 1902; Tramway & Cheminde Fer Electriques Rome-Civita Castellana-Viterbe,100 france preference share, 1911, generally very fineunless stated. (31)

£150-200

FRIDAY 18 MAY 2012Commencing at 10.00 a.m.

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

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

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

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

and the numbers in the brackets are inserted by hand.

Serial numbers of lots are shown in most cases.


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9A large group of miscellaneous bonds and sharecertificates, the majority Russian (68) with someduplication, but also including Republic of Cuba, 41⁄2%External Loan, $100 bond, 1937, allegorical figures attop, blue and black, with coupons, uncancelled; Stateof Louisiana Constitutional Bond, 1880, $5,steamboats and other shipping, black, gold seal, withcoupons, stamped cancelled; Mexico, 6% InteriorLoan, 600 pesos, 1859, and a few 20th century Frenchcertificates relating to the film industry, many are veryfine. (105)

£250-350

10A very large accumulation of share certificates,option certificates, dividend and call receipts and otherpaperwork contained in two large boxes, pieces notedare Roumania, 1922, £1000 bond, Confederate Statesof America scrip certificates, 1883 (2), two sheets of10 Spanish lottery tickets from 1921, Salisbury Clubdebentures, 1886 (4) and many more debentures andshare certificates, mixed condition but mostly fine to veryfine with a few better, must be viewed. (several 100’s)

£400-500

AFRICA AND THE MIDDLE EAST

ANGOLA

11Companhia de Angola, 50 franc share, Schaerbeek-Bruxelles 1899, no.6800, bull elephant emerging fromforest at left, wagon train at top, blue with pinkunderprint, with coupons, very fine to extremely fine.

£60-80

BRITISH EAST AFRICA

12Imperial British East Africa Company, £20ordinary shares, London 18[89], no.228, vignettes ofcompany arms with elephant and lions head andvarious native spears in scrollwork at left, black, veryfine and scarce.

£120-150

This important Chartered company, formed in 1888,controlled the region now Kenya and Uganda until theterritories were made British Protectorates later in the1890’s.

13British East Africa and the Sudan, a collection ofcertificates comprising; Magadi Soda Co. Ltd.,19[20], vignette of lake, red; Yala Diversion Ltd.,19[33], registered in Kenya; New Saza Mines Ltd.,193[9], registered in Tanganyika, ‘valueless’ in inkacross face; East African Goldfields Ltd., 19[34] and19[35], printing varieties; Lewa Rubber Estates Ltd.,19[23], 2 different examples; Tanganyika GoldfieldsLtd., 19[28]; Kassala Cotton Co. Ltd., 19[40], and,Sudan Exploration Ltd., 190[9], mixed condition,mostly fine to good fine. (10)

£60-80

14A small collection of certificates relating to British East Africa and British companies inMozambique, comprising Anglo East African RubberPlantations Ltd., 19[11]; Bukoba (Tanganyika)Tinfields Ltd., 2 varieties, 192[8] and 192[32]; East &West African Exploration Co. Ltd., 192[1]; EastAfrican Goldfields Ltd., 19[34]; Kenya ConsolidatedGoldfields Ltd., [1936]; Kibwezi Rubber Lands Ltd.,191[0]; Mutamba Sugar Estates Ltd., 19[16], and,Tanganyika Goldfields Ltd., 19[27], generally very fineand better. (9)

£60-80


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EGYPT

15Agricultural Bank of Egypt, 31⁄2% GuaranteedBonds, a pair of specimen bonds for £20 and £100,October 1906 issue, from the Bradbury, Wilkinson &Co. archive, large format, ornate borders, blue andgreen, with coupons, printers annotation at top edge,about extremely fine. (2)

£80-100

16Anglo-Egyptian Land Allotment Company, bearerwarrant for one share of LE4, Cairo 19[30],no.10925, oxen driving a water wheel in the desert,palm trees and pyramids in background, ornateborder, green and black, with coupons, extremely fine.

£60-80

17Bank of Egypt Ltd., £25 shares, 190[4], no.3589,company seal at top, scrollwork at left incorporatingSphinx and palm tree, black, seal has split but expertlyrepaired on the reverse, very fine.

£60-80

18Eastern Autombolies Supplies & Transport Co., a group of certificates for 1 share of LE10 (10), 5shares (12) and 10 shares (1), Alexandria 1929, largeformat pieces with ornate borders, blue, green andbrown respectively, with coupons, with original brownenvelope, 3 of the 1 share, 1 of the 5 share and the 10share are damaged otherwise very fine. (23)

£200-250



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19Egyptian Delta Land and Investment Co. Ltd., a group of three specimen bearer warrants for 5, 25and 50 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)

£100-150

20Fayoum Light Railways Company, founders share,November 1899, re-dated 1st May 1944, togetherwith 4% debenture for £20, 1899, same design withsteam train passing pyramids at bottom, ancientfigures at left and right, architectural pillars andstylised eagle at top, brown with pink underprint, andgreen with green underprint, with coupons, very fineand better. (2)

£80-100


Page 8

21National Bank of Egypt, a pair of specimencertificates for 1 share and 10 shares of £10, 1948,from the Bradbury, Wilkinson & Co. archive, largeformat pieces with ornate borders, red and green, withcoupons, the first overprinted specimen in blue, thesecond with printers annotation at top edge, very fine toextremely fine. (2)

£80-100


22Sednaoui Zariffa Nahas & Co. Ltd., bearer warrantfor 1 deferred share of 1/-, 190-, a specimencertificate from the Bradbury, Wilkinson & Co.archives, vignette of palm trees and pyramid, text inEnglish and French, red-brown and black, withcoupons, printers annotation for 1907 at top edge,small ink mark at top left edge, extremely fine.

£80-100

23Sednaoui 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.

£80-100

24Sednaoui Zariffa Nahas & Co. Ltd., bearer warrantfor 25 deferred shares of 1/-, 190-, a specimencertificate from the Bradbury, Wilkinson & Co.archives, vignette of palm trees and pyramid, text inEnglish and French, orange and black, with coupons,printers annotation for 1907 at top edge, extremely fine.

£80-100

25Sednaoui Zariffa Nahas & Co. Ltd., bearer warrantfor 100 deferred share of 1/-, 190-, a specimencertificate from the Bradbury, Wilkinson & Co.archives, vignette of palm trees and pyramid, text inEnglish and French, blue and black, with coupons,printers annotation for 1907 at top edge, extremely fine.

£80-100

26Societe Anonyme du Béhéra, a specimen bearerwarrant for 1 share of LE20, Alexandria 1905, fromthe Bradbury, Wilkinson & Co. archives, large formatpiece with vignettes of Sphinx at top, pyramids andpalm trees at bottom, ornate border, blue-grey andbrown, with coupons, stamped PROOF at bottom inred, very fine and scarce.

£60-80

27Societe Anonyme du Béhéra, a specimen bearerwarrant for 10 preference shares of £5, Alexandria1905, from the Bradbury, Wilkinson & Co. archives,large format piece with vignettes of river scene andoxen in field, ornate border, blue and black, withcoupons, printers annotation at top dated 1907, veryfine.

£80-100



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28Société Viticole et Vinicole d’Egypte, a group ofcertificates for 5, 10 and 25 shares of E£4, Cairo 1944,large format pieces with ancient Egyptians cultivating,picking and crushing grapes, brown, blue and red-brown, with coupons, better than average condition,very fine to about extremely fine. (3)

£80-100

FRENCH CONGO

29French Congo: Compagnie Agricole du Kouilou,100 franc share, Paris 1900, no.1390, vignettes allaround the border of picking, sorting and packingcoffee and cocoa beans, brown with blue underprint,with coupons, extremely fine.

£50-60

OTTOMAN EMPIRE

30Imperial Ottoman Government Treasury Bill,1911, a specimen bill for £10,000, payable in June1913, from the Bradbury, Wilkinson & Co. archive,ornate border, black, with coupons, small hole cancelsover signature areas, about extremely fine.

£80-100


Page 10


31Anglo-Eastern Co-Operative Co. Ltd., £5 ordinaryshares, 18[94], no.308, ornate border, red, Ottomanduty stamps at bottom left tied with signature of thesecretary, about very fine and rare.

£100-150

An English company formed to trade with the OttomanEmpire. The shareholder is related to one of the directorsand the address is in Smyrna.

32‘Ittihad’ Société Anonyme de NavigationOttomane, certificate for 5 shares of T£1, Salonica1911, no.143041-143045, issued to Prince AbdulEfendi Hazretleri, second youngest son ofAbdulhamid II, large format and very attractive piecewith vignette of steamship in centre with lifebelts ineach corner, black, green underprint, with coupons,centre folds otherwise about extremely fine.

£100-120


33Ottoman Financial Association Ltd., certificate for1 share of £50, 1864, no.2653, ornate border, black,English with title in Arabic below, printed byBradbury, Wilkinson & Co., very fine.

£60-80

34Société Commerciale Ottomane, one share of T£5,Constantinople 1911, no.16140, ornate border witharchitectural columns at each side, mauve and black,text in French, Armenian and Arabic, Ottomanrevenue stamp at bottom, with coupons, extremelyfine.

£50-60


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35Sultan Abdul Hamid Estates Inc., certificatenumber 14 for 5000 shares of $100 in the name ofHer Imperial Highness Zekir Sultana, ornateborder, printed by Goes, black with green underprint,about extremely fine.

£250-300

PALESTINE

x36Banque Commerciale de Palestine, 2 livres share,undated but circa 1909, Ottoman arms and toughra attop, view of Palestine at bottom, blue, text in Arabicand French, with coupons; together with Marine TrustLtd., LP1 shares, Tel-Aviv 1937, ornate borderdockside in underprint, blue, with coupons, and, twocancelled South African mining certificates of RandMines Ltd., 1[911] and East Rand Properietary MinesLtd., 19[28], the first is very fine the rest are fine orbetter. (4)

£80-100

x37Jewish Colonial Trust (Juedische Colonialbank)Ltd., ordinary share certificate, 1(900), no.28006,vignettes in each corner of the wailing wall, agricultureand industial scenes, blue and black, yellowunderprint, with replacement coupons, cut close atbottom from removal of original coupons, about veryfine.

£60-80

38No lot

REUNION

39S.A. de la Rivière des Roches, nominative share of100 francs, St.Denis 1890, no.4458, lovely design of afactory alongside the river with a bridge in foreground,palm trees with sacks and boxes of produce includingtapioca and starch, two small tone spots, extremely fine.

£150-200


Page 12


RHODESIA

40Ayrshire Gold Mine Ltd., a group of 9 firstmortgage debentures for £50, 1908, no’s 2136 to2144, large format pieces with small vignette of themine head and buildings in centre, ornate borders,green and black, the top piece with surface dirt otherwisevery fine. (9)

£80-100

SOUTH AFRICA41A small group of mostly South African andRhodesian certificates (12), including JohannesburgEstate Co. Ltd., 18[98] (2 examples); Belgian MiningTrust of South Africa Ltd., 1895; Alice ProprietaryMines (Rhodesia) Ltd., [1899], and RoodepoortUnited Main Reef Gold Mining Co. Ltd., 19[14],mainly very fine or thereabouts. (12)

£60-80

42A good group of Southern African miningcertificates, all pre 1920, all different, including;Lisbon-Berlyn (Transvaal) Gold Fields Ltd., 1884;Knysna Concession Gold Mining Co. Ltd., 188[9];White Rose Gold Mining Co. Ltd., 1895; KlerksdorpGold & Diamond Co. Ltd., 189[5]; Minerva GoldMining Co. Ltd., 189[5]; Central Montrose Estate &Gold Mining Co. Ltd., 18[90]; KobolondoDevelopment Syndicate Ltd., 189[9], and, Abbott’sConsolidated Reefs Ltd, 189[6], the balance are post1900, generally fine to very fine. (24)

£200-250

43An interesting group of South African certificatescomprising Kimberley Imperial Gold Mining Co. Ltd.,3 examples dated 1886 and 1887, one signed byAlfred Beit (this with small spike hole); United Pioneer(Moodie’s) Gold Mining Co. Ltd., 1888; RevolverConsolidated Reef Gold Mining Co. Ltd., 1888 (2examples); Alpine Gold Mining Co. Ltd., 1886 (3examples); Bultfontein Diamond Mines Ltd., 1896;Consort Consolidated Mines Ltd., 1895, smallvignette of the head of Prince Albert, and, OrangeRiver Estates Co. Ltd., 1899 (2 examples), generallyvery fine and better and a useful lot. (13)

£250-300

44A large group of Southern Africa certificates, nearlyall South Africa and Rhodesia, 1890’s to 1950’s, withsome duplication and including a few optioncertificates, many common titles but several scarceexamples noted, mixed condition, some with ‘valueless’across the face in pen, many fine and very fine. (108)

£400-500

45Union of South Africa, Treasury Bills, a group ofspecimen certificates for £1000 and £5000, datedApril 1912, redeemable April 1913, and, £5000 and£10,000, dated April 1913 redeemable November1913, printed by Charles Skipper & East, ornateborders, black, all perforated specimen except the lastwhich is handwritten and stamped cancelled, very fine togood very fine. (4)

£80-100



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46Elands Drift Diamond Estates Ltd., a group ofspecimen bearer share warrants for 5, 10, 50 and 100shares of £1, circa 1910, from the Bradbury, Wilkinson& Co. archive, ornate borders, grey, brown, red andblue, text in English and French, with coupons,generally about extremely fine. (4)

£80-100

47Kimberley Imperial Gold Mining Company Ltd.,£1 shares, Kimberley 188[7], no.1169, signed byAlfred Beit as director, ornate border, blue, Cape ofGood Hope revenue stamps bottom left, very fine anda key signature.

£100-120

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

48Kimberley Imperial Gold Mining Company Ltd.,£1 shares, Kimberley 188[7], no.1168, signed byAlfred Beit as director, ornate border, blue, Cape ofGood Hope revenue stamps bottom left, good very fineand a key signature.

£100-120

49Meteor Diamond Mining Co. Ltd., a specimenbearer warrant for £10 share, 1881, ornate border,scrollwork at left, black, with coupons, stampedCANCELLED; together with other specimen certificatesof the Transvaal Consolidated Land & ExplorationCo. Ltd., 25 shares, 19- (circa 1910), and East RandProprietary Mines Ltd., 25 shares, 19- (circa 1910), allprinted by Sprague, perforated CANCELLED, surfacedirt, toned paper, small edge splits, fine to very fine. (3)

£60-80


Page 14


50New Comet Gold Mining Co. Ltd. (South AfricanRepublic), a pair of specimen debentures for £50 and£500, printed by W.W. Sprague & Co., 1898, verylarge format pieces with ornate borders of architecturalcolumns surmounted by griffins, orange-brown withpale blue underprint and blue-green with pinkunderprint, toned, a couple of tiny edge tears, good veryfine. (2)

£60-80

TUNISIA

51Compagnie Francaise des Huileries & Savonneriesde Tunisie, 100 franc shares, Paris 1911, no.1192,lovely view of Europeans and natives picking crops,dark blue-green, with coupons, tiny split at fold, veryfine.

£60-80

52Compagnie Franco Tunisienne de Navigation, 100franc share, Marseille 190[5], no.2232, attractivepiece with architectural borders, North African city atbottom left, harbour scene at bottom right, black, palemauve underprint, extremely fine.

£160-200



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53Credit 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

WEST AFRICA54An accumulation of certificates from West Africa,all British registered companies from Gold Coast,Nigeria and Liberia, dated 1900 to 1960 but mostlybefore 1930, includes a few option certificates, ahandful are scarce, mixed condition but many fine andvery fine. (48)

£100-150

ASIA

CHINA

55A group of Chinese bonds (8), comprising 1910Tientsin-Pukow Railway, £100, English issue; 1913,Lung Tsing U Hai Railway, £20 bonds (2), both withoriginal coupons; 1920 Dutch Loan, 1000 florins;1923 Dutch Loan, 1000 florins (2 examples), and1928 Lung Tsing U Hai Railway, Dutch certificatesfor coupons of the 1920 loan, generally very fine orthereabouts. (8)

£140-180


Page 16


56An accumulation of Chinese Internal issues,comprising 1937 Liberty Loan, $5 (14), $10 (40) and$100 (1); Canton Hankow Railway Loan, 1930, 100yuan (3); 1942 Allied Victory Loan, $20 and $50;lottery loans (4) and Honan Flood Relief Fund, 1920,lottery tickets (2), very mixed condition, many fine tovery fine. (66)

£180-220

57A group of Chinese certificates, comprising 1913 5%Reorganisation Gold Loan, £20 bonds issued by theHongkong & Shanghai Banking Corp. (2 examples);1908 Gold Loan, £100 bond, tape repair at top left;1898, £100 bond, issued by the Deutsch-AsiatischeBank, and a 1919 ‘Vickers’ Loan, £100 bond;together with a group of 6 Red Cross bonds fromAustria, Hungary and Italy, fine to about very fine. (11)

£200-300

58A small group of Chinese bonds comprising, 1913Reorganisation Gold Loan, £20, issued by theHongkong & Shanghai Banking Corporation; 19125% Gold ‘Crisp’ Loan, £100; 1919 ‘Vickers’ £100,with original coupons; 1898 41⁄2% Gold Loan, £25 (2)and £50 (2), all German issue, and 1925 5% Gold‘Boxer’ Loan, $50 bonds (4 examples), generally fineto very fine. (11)

£220-280

59An accumulation of Chinese bonds (14),comprising 1913 5% Reorganisation Loan, £20,Russian ‘green’ issue; 1936, Shanghai HangchowNingpo Railway, 6% Loan, £50 bond; 1922 RailwayEquipment Loan, £20 bond (8 examples); 1904Shanghai Nanking Railway, £100; 1919, ‘Vickers’Loan, £100, and, 1903, 5% Gold Loan, both 1905and 1907 issues, with coupons, mostly very fine orthereabouts. (14)

£250-300

60An accumulation of Chinese bonds, comprisingTientsin Pukow Railway 5% Loan, 1910, £100,English issue, top left corner missing; 1922 8% RailwayEquipment Loan, £20; Lung Tsing U Hai Railway,1920, 500 franc bonds (65); 1923 Lung Tsing U HaiRailway, 1923, 500 francs; 1925 Lung Tsing U HaiRailway, 500 francs (4); Compagnie Generale deChemins de Fer et de Tramways en Chine, 250 francshare, 1920, cancelled, and, Compagnie FinanciereBelgo-Chinoise, 1926, 2 types, mixed condition, fineto very fine. (75)

£250-300

61A small group of Chinese bonds, comprising; 19135% Reorganisation Loan, £20 bonds, British issue (2)and Russian ‘green’ issue; 1911 5% Hukuang RailwaysGold Loan, £20 bonds, French issue (2); 1913Province of Petchili, £20 bond; 1922 RailwayEquipment Loan, £20 bonds (2); 1923 Lung Tsing UHai Railway, 500 francs, and, an odd sheet of couponsonly from a Lung Tsing U Hai bond of 1921,generally very fine and better. (10)

£250-300

62A mixed collection of Chinese bonds, comprising1898, £50 and £100, German issue; 1903 5% GoldLoan, both 1905 and 1907 issues; 1907 CantonKowloon Railway, £100; 1910 Tientsin PukowRailway, £100 German issue; 1913 5% ReorganisationGold Loan, £20, Russian issue, green; 1913 LungTsing U Hai, unissued £20 bond; 1920, Lung TsingU Hai Railway, 1000 florins; 1923, Lung Tsing U haiRailway, 1000 florins; 1936 Shanghai HangchowNingpo Railway, £100, and, 1938 Tientsin PukowRailway, £12, also 2 certificates for 25 shares in theRussian General Oil Corporation Ltd., 1913, agenerally good condition lot, very fine and better. (14)

£350-400

63The useful remainder of a Chinese collection,comprising; 1903, Shanghai Nanking Railway; 1907Canton Kowloon Railway, £100; 1908 Gold Loan,£100; 1911, Hukuang Railways, £20, French issue,£100 German issue and £100 British Issue; 1913,Reorganisation Loan, £20, Russian ‘green’ issue; 1913Lung Tsing U Hai Railway, £20 bonds (2 varieties);1913 Petchili, £20; 1914, Industrial Loan, 500 francs;1918 ‘Marconi’ Loan, £100; 1919 ‘Vickers’ Loan,£100; 1920, Lung Tsing U Hai Railway, Dutch Loan,1000 florins; 1922 Railway Equipment Loan, £20bonds (2, one issued the other unissued reserve stock);1928 Lung Tsing U Hai certificates for unpaidcoupons, tranches 1 and 2, and, a group of 5certificates of the Banque Industrielle de Chine,generally fine to very fine with just a couple of exceptions.(23)

£400-500



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641898 41⁄2% Gold Loan, bond for £50, issued by theHongkong and Shanghai Banking Corporation, largeformat, ornate border, orange and black, withcoupons, minor nicks around edges, heavy centre foldwith slight separations, fine to very fine for issue.

£200-250

651898, 41⁄2% Gold Loan, a group of 26 bonds for£100, issued by the Hongkong & Shanghai BankingCorporation (25) and the Deutsch-Asiatische Bank(1), large format, brown and black, with coupons,some edge damage as is usual on some of the pieces, fineto very fine. (26)

£700-800

661898, 41⁄2% Gold Loan, unissued £25 bond from thereserve stock, issued by the Deutsch-Asiatische Bank,large format, ornate border, red and black, notnumbered, no red chop in centre, with all coupons,extremely fine.

£300-400

671898 41⁄2% Gold Loan, a group of 16 bonds for £50,issued by the Deutsch-Asiatische Bank, large format,orange and black, text in German and English, withcoupons, a few edge tears on several but generally betterthan average, fine to very fine. (16)

£300-400

681898 41⁄2% Gold Loan, a group of 50 bonds for£100, issued by the Deutsch-Asiatische Bank, largeformat, brown and black, text in German and English,with coupons, mixed condition, many with edge tears,generally fine with a few nearly very fine. (50)

£1,500-2,000


Page 18


691898, 41⁄2% Gold Loan, £500 bond, issued by the Deutsch-Asiatiche Bank, no.D2472, large format, ornate border, mauveand black, hole cancelled over signatures and row of cancellation holes at right side, with coupons from 1932, a few edgetears, tip of top left corner missing, fine and very rare even in cancelled form.

£2,000-3,000



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701899 Chinese Imperial Railway 5% Gold Loan,£100 bond, no.10925, large format, ornate border,brown with pale blue underprint, red ‘chop’ in centre,with coupons, edge tear at top right, right edge lightlytrimmed, very fine for issue.

£100-120

711899 Chinese Imperial Railway 5% Gold Loan,£100 bond, no.14361, large format, ornate border,brown with pale blue underprint, red ‘chop’ in centre,with coupons, very fine for issue.

£120-150

72Shanghai Nanking Railway 5% Loan, 1904 issue, a group of bonds for £100 (20), large elongatedformat, ornate border, black and red, with coupons,almost all are very fine to extremely fine. (20)

£500-600

73Shanghai Nanking Railway, 5% Gold Loan, a groupof 35 bonds for £100, all first issue dated 1904, long,thin format, red, pink and black, with coupons, mixedcondition, a few with tape repairs, many very fine andbetter. (35)

£600-700

74Shanghai Nanking Railway 5% Loan, 1907 issue, a group of bonds for £100 (36), large elongatedformat, ornate border, black and red, with coupons,mixed condition, a few with edge tears, many very fine.(36)

£700-900

75Shanghai Nanking Railway 5% Loan, 1907 issue, a group of bonds for £100 (50), large elongatedformat, ornate border, black and red, with coupons,mixed condition, many very fine. (50)

£1,200-1,500

761907 5% Gold Loan, Canton Kowloon Railway,two bonds for £100; together wth 1903 5% GoldLoan, Shanghai-Nanking Railway, £100 bonds (3),one dated 1904 and two dated 1907, and, OttomanEmpire, provisional receipts for coupons, 1933 (22),mixed condition, the Chinese mostly fine or better. (27)

£140-180

77Canton Kowloon Railway 5% Loan, 1907, a groupof 3 bonds for £100, large format, red and black,printed by Waterlow & Sons, with coupons, two arevery fine, the third has ragged left edge with small piecemissing. (3)

£150-180


Page 20


781908 41⁄2% Gold Loan, £100 bond, countersigned bythe Hongkong & Shanghai Banking Corporation,no.8964, walled city at top, ornate borders, mauve andblack, printed by Waterlow & Sons Ltd., no couponsas is usual with this issue, extremely fine and rare in thiscondition.

£240-280

791908 41⁄2% Gold Loan, £100 bond, countersigned bythe Hongkong & Shanghai Banking Corporation,no.8966, walled city at top, ornate borders, mauve andblack, printed by Waterlow & Sons Ltd., no couponsas is usual with this issue, extremely fine and rare in thiscondition.

£240-280

801908 5% Tientsin Pukow Railway Loan, a group of20 bonds for £100, issued by Chinese CentralRailways Ltd., large format, orange and black, printedby Waterlow & Sons, three have tape repairs otherwisegenerally fine to very fine. (20)

£600-800

811908 5% Tientsin Pukow Railway Loan, a group of30 bonds for £100, issued by Chinese CentralRailways Ltd., large format, orange and black, printedby Waterlow & Sons, generally very fine or nearly so.(30)

£800-1,000

821908 5% Tientsin Pukow Railway Loan, a group of6 bonds for £100, £50 paid, issued by Chinese CentralRailways Ltd., large format, orange and black, printedby Waterlow & Sons, mauve stamp at top ‘Fiftypounds principal repaid/3 Aug 1926’, withreplacement coupons, about fine to about very fine. (6)

£400-500

831908 5% Tientsin-Pukow Railway Loan, a group of37 bonds for £20, issued by the Deutsch-AsiatischeBank, large format, mauve and pale blue, 32 withcoupons, 5 without, mixed condition, a few with taperepairs but many very fine and better. (37)

£700-900

841908 5% Tientsin-Pukow Railway Loan, a group of35 bonds for £100, issued by the Deutsch-AsiatischeBank, large format, mauve and green, 20 withcoupons, 15 missing coupons, mixed condition, a fewwith tape repairs, many fine and better. (35)

£700-900

851908 5% Tientsin-Pukow Railway Loan, a group of52 bonds for £20, issued by the Deutsch-AsiatischeBank, large format, mauve and pale blue, withcoupons, a generally good condition lot, mostly very fineand better. (52)

£1,000-1,200

861908 5% Tientsin-Pukow Railway Loan, a group of43 bonds for £100, issued by the Deutsch-AsiatischeBank, large format, mauve and green, with coupons,mixed condition, a few with tape repairs, many fine andbetter. (43)

£1,000-1,200



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871911 5% Hukuang Railways Gold Loan, a group ofbonds comprising £100 issued by the AmericanBanking Consortium, £20 issued by the Hongkongand Shanghai Banking Corporation, and £20 and£100, both issued by the Deutsch-Asiatische Bank,large format pieces with steam train at top, all withcoupons, fine to very fine. (4)

£180-220

88Imperial Chinese Government, 5% HukuangRailways Gold Loan of 1911, a group of £100bonds (6), issued by the Hongkong and ShanghaiBanking Corporation, large format, vignette of steamtrain at top, red and black, printed by Waterlow &Sons, with coupons, very fine and better. (6)

£250-300

89Imperial Chinese Government, 5% HukuangRailways Gold Loan of 1911, a group of £100bonds (11), issued by the Hongkong and ShanghaiBanking Corporation, large format, vignette of steamtrain at top, red and black, printed by Waterlow &Sons, with coupons, some edge splits and heavy creases,generally fine and better. (11)

£300-400

901911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 14 bonds for £100, issued by theBanque de L’Indo-Chine, and 2 bonds issued by theDeutsch-Asiatische Bank, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, mixed condition, mostly fine but a few better.(16)

£400-500

911911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 25 bonds for £100, issued by theHongkong & Shanghai Banking Corporation, largeformat, steam train at top, red and black, printed byWaterlow & Sons, with coupons, mixed condition,mostly fine but a few better. (25)

£700-900

921911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 11 bonds for £100, issued by theAmerican Banking Consortium led by J.P. Morgan &Co., large format, steam train at top, red and black,printed by Waterlow & Sons, with coupons, mixedcondition with some damage, mostly fine or better. (11)

£300-400

931911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 16 bonds for £100, issued by theBanque de L’Indo-Chine, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, mixed condition, mostly fine but a few better.(16)

£400-500

941911 5% Imperial Railway Loan, bond for 100 yen,no. 000150, issued by the Yokohama Specie Bank,ornate border, Chinese dragons at top, blue and black,pale yellow underprint, text in Chinese with Englishon the reverse, with coupons, small nick at top edge,very fine to extremely fine.

£200-250


Page 22


95Imperial Chinese Government, 5% Railway Loanof 1911, bond for 500 yen, no.252, ornate borderwith dragons at top, mauve and black, pale greenunderprint, with coupons, creased at left edge, very fine.

£200-250

96Imperial Chinese Government, 5% Railway Loanof 1911, bond for 1000 yen, no.3959, ornate borderwith dragons at top, orange and black, pale blueunderprint, with coupons, endorsement in French atleft, very fine.

£250-300

971911 5% Imperial Railway Loan, set of bonds for100 yen, 500 yen, 1000 yen and 5000 yen, issued bythe Yokohama Specie Bank, ornate borders, Chinesedragons at top, blue, mauve, orange and greenrespectively, text in Chinese with English on thereverse, with coupons, a few pinholes but all very fineand better. (4)

£1,500-2,000



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981912 5% ‘Crisp’ Gold Loan, a group of bonds for£100 (3) and £20 (5), large format, turquoise andblue respectively, red ‘chops’, with coupons, 2 of the£100 and 3 of the £20 are very fine, the others fine to veryfine. (8)

£250-300

991912, 5% Gold ‘Crisp’ Loan, a group of 26 bondsfor £20, ornate borders, blue and black with yellowunderprint, with coupons, mixed condition, fine to veryfine. (26)

£400-600

1001912, 5% Gold ‘Crisp’ Loan, a group of 15 bondsfor £100, ornate borders, turquoise and black, withcoupons, mixed condition, fine to very fine. (15)

£600-800

1011912, 5% Gold ‘Crisp’ Loan, a group of 25 bondsfor £100, ornate borders, turquoise and black, withcoupons, mostly very fine or nearly so. (25)

£1,000-1,200


Page 24


1021912 5% ‘Crisp’ Gold Loan, bond for £500,no.0374, large format, brown, blue and black, red‘chops’, with coupons, heavy folds, edge tear at right,fair to fine.

£150-200

1031912 5% Gold ‘Crisp’ Loan, bond for £500,no.0781, large format, ornate border, brown andblack with pale blue underprint, red ‘chops’, withcoupons, fine to very fine.

£250-300

1041912 5% Gold ‘Crisp’ Loan, bond for £500,no.0868, brown and black, pale blue underprint,together with £20 and £100 bonds, all with coupons,the £500 only fine, the others about very fine. (3)

£300-350



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1051912 5% Gold ‘Crisp’ Loan, bond for £1000,no.728, large format, ornate border, red and blackwith yellow underprint, red ‘chops’, with coupons,couple of edge tears otherwise fine to very fine.

£600-800

1061913, 5% Reorganisation Gold Loan, a pair ofbonds for £100 issued by the Hongkong & ShanghaiBanking Corporation, consecutively numbered,Mercury at top, city view and peasants at either side,blue, printed by Waterlow & Sons, with coupons, veryfine to extremely fine. (2)

£800-900

1071913 5% Reorganisation Gold Loan, a group of 3bonds for £100, issued by the Hong Kong & ShanghaiBanking Corporation, ‘Mercury’ at top, peasants andbuildings at either side, blue and black, printed byWaterlow & Sons, with coupons, very fine. (3)

£1,200-1,600

1081913 5% Reorganisation Gold Loan, a group of 5bonds for £100, issued by the Hong Kong & ShanghaiBanking Corporation, ‘Mercury’ at top, peasants andbuildings at either side, blue and black, printed byWaterlow & Sons, with coupons, one with small edgetear, very fine and better. (5)

£2,000-3,000

1091913 5% Reorganisation Gold Loan, a group of 5bonds for £100, issued by the Hong Kong & ShanghaiBanking Corporation, ‘Mercury’ at top, peasants andbuildings at either side, blue and black, printed byWaterlow & Sons, with coupons, good very fine andbetter. (5)

£2,000-3,000

1101913 5% Reorganisation Gold Loan, a group of 5bonds for £100, issued by the Hong Kong & ShanghaiBanking Corporation, ‘Mercury’ at top, peasants andbuildings at either side, blue and black, printed byWaterlow & Sons, with coupons, good very fine. (5)

£2,500-3,000


Page 26


1111913 5% Reorganisation Gold Loan, bond for £20,issued by the Banque de L’Indo-Chine, ‘Mercury’ attop, peasants and buildings at either side, brown andblack, printed by Waterlow & Sons, with coupons(detached), from a frame and somewhat toned, veryfine.

£80-100

1121913 5% Reorganisation Gold Loan, a group of 10bonds 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, one or two with edge tears and somebrown tape missing at top edge, many very fine. (10)

£1,000-1,200

1131913 5% Reorganisation Gold Loan, a group of 10bonds 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, one or two with edge tears and somebrown tape missing at top edge, many very fine. (10)

£1,000-1,200

1141913, 5% Reorganisation Gold Loan, a group of 10bonds for £20, all countersigned by the Deutsch-Asiatische Bank, Mercury at top, city view and peasantsat either side, brown, printed by Waterlow & Sons,with coupons, generally about extremely fine. (10)

£800-1,000

1151913, 5% Reorganisation Gold Loan, a group of 10bonds for £20, all countersigned by the Deutsch-Asiatische Bank, Mercury at top, city view and peasantsat either side, brown, printed by Waterlow & Sons,with coupons, generally very fine to extremely fine. (10)

£800-1,000

1161913, 5% Reorganisation Gold Loan, a group of 5bonds for £100 issued by the Deutsch-Asiatische Bank(2) and the Hongkong & Shanghai BankingCorporation (3), Mercury at top, city view andpeasants at either side, blue, printed by Waterlow &Sons, with coupons, mixed condition, fine to very fine.

£1,800-2,200

1171913, 5% Reorganisation Gold Loan, a pair ofbonds for £100 issued by the Deutsch-AsiatischeBank, consecutively numbered, Mercury at top, cityview and peasants at either side, blue, printed byWaterlow & Sons, with coupons, very fine to extremelyfine. (2)

£800-900

1181913 5% Reorganisation Gold Loan, £20 bond,Russian issue, green and black; together with BanqueIndustrielle de Chine, 500 franc share, 1913, capital45 million, yellow and black, both with coupons, veryfine to extremely fine. (2)

£100-120



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1191913 5% Reorganisation Gold Loan, a group of 10bonds for £20, issued by the Russo-Asiatic Bank in St.Petersburg, ‘Mercury’ at top, peasants and buildings ateither side, green and black, printed by Waterlow &Sons, with coupons, generally about extremely fine.(10)

£800-1,200

1201913, 5% Reorganisation Gold Loan, a group of 10bonds for £20, all countersigned by the Russo-AsiaticBank, Mercury at top, city view and peasants at eitherside, green, printed by Waterlow & Sons, withcoupons, extremely fine. (10)

£800-1,000

1211913 Lung Tsing U Hai Railway 5% Gold Loan, agroup of 100 bonds for £20, very large format, ornateborder, blue and black, text in English and French,with coupons, generally very fine with many better.(100)

£800-1,000

1221919 6% 2-Year Secured Gold ‘Chicago Bank’Loan, $1000 bond no.2234, vignette of pagoda attop, orange and black, printed by the American BankNote Company, with sheet of scrip certificates but nocoupons, uneven right edge, fine to very fine

£200-300

1231919 8% Sterling Treasury Notes (Vickers Loan),bond for £500, with original coupons, (K501OC),small dockside vignette, blue and black, very fine anda scarce variety.

£800-1,000


Page 28


1241919 8% Sterling Treasury Notes, ‘Vickers’ Loan,bond for £500, no.9164, vignette of dockside, blueand black, with coupons; together with an unissuedreserve stock Lung Tsing U Hai Railway, 1913,Kentucky and Great Eastern Railway Company,unissued $100 bond, 1872 and a Brazil RailwayCompany, secured debenture, $100, 1919, the first alittle creased, good fine, the rest about extremely fine. (4)

£140-180

1251919 8% 10-Year Sterling Treasury Notes (VickersLoan), a group of 50 bonds for £100, vignette ofdockside, green and black, with coupons, mixedcondition but mostly very fine. (50)

£800-1,000

1261919 8% 10-Year Sterling Treasury Notes (VickersLoan), a group of 50 bonds for £100, vignette ofdockside, green and black, with coupons, mixedcondition but mostly very fine. (50)

£800-1,000

1271925 8% ‘Skoda’ Loan, a group of bonds for £100(14), ornate border, mauve, pale blue and black, red‘chop’ in centre, with coupons 1-15, generally very fineto extremely fine. (14)

£300-400

1281925 8% ‘Skoda’ Loan, bond for £1000,no.0026736, ornate border, red and black, ‘chop’ incentre, with coupons, about extremely fine.

£220-250

1291925 8% ‘Skoda’ Loan, bond for £1000,no.0026738, ornate border, red and black, ‘chop’ incentre, with coupons, about extremely fine.

£220-250

1301925 8% ‘Skoda’ Loan, a group of 4 bonds for£1000, ornate border, red and black, ‘chop’ in centre,with coupons, near extremely fine. (4)

£800-900

1311925 5% Gold ‘Boxer’ Loan, a group of 14 bondsfor $50US, ornate border, brown, yellow underprint,text in English and French, with coupons, generallyvery fine to extremely fine. (14)

£100-120

132Shanghai Hanchow Ningpo Railway 6%Completion Loan, 1936, a pair of bonds for £50 and£100, very large format, Sun Yat Sen at top right, textin Chinese and English, with coupons, the £100 with 2large tears at left edge otherwise very fine, the £50 goodvery fine. (2)

£100-120



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1331936, 6% Shanghai Hangchow NingpoCompletion Loan, a group of bonds for £50 and£100 (6), large format with vignette of Sun Yat Sen intop right corner, medallion of value in top left corner,green, red and blue & brown, green and bluerespectively, with coupons, the £50 only fine, the restmostly very fine but one or two edge nicks. (7)

£300-400

1341936, 6% Shanghai Hangchow NingpoCompletion Loan, a group of 10 bonds for £100,large format with vignette of Sun Yat Sen in top rightcorner, medallion of value in top left corner, brown,green and blue, with coupons, a good group all in nearextremely fine condition. (10)

£500-600

1351937 Secured Sinking Fund Bond (PacificDevelopment Loan), bond for US$1000, no.M2040,pagoda at top, blue and black, with coupons, ABNCo.printing (K.952), extremely fine.

£250-300

1361938 Tientsin Pukow Railway Funding Loan, a group of 15 scrip certificates for £12 issued by theDeutsch-Asiatische Bank, red, very fine to extremelyfine. (15)

£80-120

1371938 27th Year Gold Loan, a group of bonds forUS$5 (10) and US$10 (12), blue with pinkunderprint and brown with yellow underprint, text inEnglish and Chinese, with coupons, mostly very fineand better. (22)

£120-150


Page 30


138Province of Shansi, 1927, 6% Rehabilitation Loan,10 yuan bond, together with othe internal issues (15)including 1936 United Nationalist Loan, 3rd series,100 yuan, adhesive stamp missing from top left corner;1941 Air Force Salvation Loan, $5, and, 1942 AlliedVictory US Dollar Loan, $20, mixed condition butmostly fine to very fine. (15)

£100-120

139Shanghai Municipal Council, 6% Loan of 1926, 100taels, no.D19952, large format piece with Municipalbuilding in centre, yellow and black, endorsed at topright, very fine.

£60-80

140Comptoirs en Chine S.A., a dividend share dated1899, no.898, ornate border, blue, yellow underprint,with coupons, couple of edge tears at top, about very fineand rare.

£80-100

The company was formed in Belgium in association withthe China Commercial & Industrial Company Ltd as ageneral finance company in the Far East.



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FRENCH INDO-CHINE

141Banque de Cochinchine S.A., 250 franc nominativeshare, (1908), no.19199, very striking design ofgolden sun in the centre with vignettes of buildings,workers in rice field, boats on river and styliseddragon, black on red paper, text in Chinese andFrench, tiny split in centre where folds meet, very fine.

£200-240

INDIA142A small group of Indian certificates (7), comprisingSouthern India Alpha Gold Mining Co. Ltd., 50 rupeeshares, 188[1]; Berar Oil Works Ltd., 250 rupee share,191[3]; Burma Ruby Mines Ltd., 12 shilling foundersshares, 18[97], small piece out of top edge; Hutti(Nizam’s) Gold Mines Ltd., £1 shares, 190[9];Dalbhoom Gold & Miners Prospecting Co. Ltd., 10rupee ordinary shares, 19[16]; New Kempinkote GoldField Ltd., 5 shilling shares, 19[14], and, Hindostan(Singhbhoom) Copper Co. Ltd., £5 share, 1862,generally very fine, the first two rare. (7)

£80-100

143An accumulation of Indian subcontinentcertificates, mainly British companies, includingDevalah-Central Gold Mines Co. Ltd., 188[1]; IndianConsolidated Gold Co. Ltd., 188[6]; GangwarilyEstates Co. of Ceylon Ltd., 189[1927]; Aibheel TeaCo., 18[1923]; Mysore Gold Mining Co. Ltd.,190[1], and, Heinze Burmah Tin Syndicate Ltd.,183[7], mixed condition but many fine to very fine.(29)

£140-180

JAPAN

x1441904, 6% Sterling Loan, a specimen bond for £200,vignette of Mount Fuji flanked by vignettes of warshipand field artillery, mauve and black, printed by theAmerican Bank Note Company, overprinted SPECIMENin red, weak at folds with tiny piece missing at left justinto the design, about very fine and very rare

£300-400


Page 32


145Imperial Japanese Government, 1910 4% Loan,bond for 500 francs, series 28, no.380307, MountFuji at top, ornate border, green and black, printed byWaterlow & Sons, with coupons, right edge cut close toright margin where new coupon sheet has been attached,about very fine

£120-150

x1461924, 30-Year Sinking Fund 61⁄2% External Loan,a specimen bond for $100 from the American BankNote Company archive, vignette of Mount Fuji,brown and black, red overprint of 1952 plan ofrepayment, with coupons, toned, split along foldsotherwise about very fine

£200-300

x147City of Nagasaki, Harbour Loan, 1897, a specimenbond for 50 yen, large format with attractive vignetteof shipping in harbour, a 1:60,000 plan of the harbourworks on the reverse, ornate border, text all inJapanese, orange and black, about extremely fine andextremely rare

£400-500



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148Ville de Tokyo (City of Tokyo), 5% Loan of 1912,bond for 500 francs, no.2998, 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, good very fine.

£80-100

149Ville 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.

£70-90

x150Hypothec Bank of Japan, a group of 41⁄2%debentures for 10 yen (15), Meiji 44 (1911), artnouveau border with building in centre, blue andblue-green; together with 4% debentures also for 10yen each (15), Taisho 8 (1919), series 72, ornateborder, green and orange, all with coupons, generallyvery fine and better. (30)

£300-350

MALAYSIA151Malaysia and Indonesia: an accumulation of sharecertificates and a few option certificates (65), a littleduplication, all but three dated 1900 to 1958, betterpieces noted are Deli-Bedagei Tobacco PlantationsLtd., 189[1]; Scotia Manufacturing Co. Ltd., 193[7],registered in Straits Settlements; Labuan CoalfieldsCo. Ltd., 190[3]; Chindras Gold Mines Ltd., 190[3];Ingra Estate Ltd., 190[0]; Ampat (Sumatra) RubberEstate Ltd., [1921]; Bertam Consolidated Rubber Co.Ltd., 19[24], and, Ipoh Rubber Estates Ltd., 19[26],an interesting group in mixed condition, many fine anda few very fine. (65)

£200-300

THAILAND/SIAM

152Royal Siamese Government, 7% Sterling Loan,1922, bond for £100, no.1025, large format piecewith Siamese arms at top with steam train to the rightand canal scene left, green and black, printed byWaterlow & Sons, with coupons, hole cancelled, someworm holes mainly in the right border otherwise good veryfine.

£100-150


Page 34


153Royal Siamese Government, 7% Sterling Loan of1922, bond for £100, no.15107, issued by theHongkong and Shanghai Banking Corporation, largeformat piece printed by Waterlow & Sons, arms at topflanked by steam train and canal scene, green andblack, no coupons remain, hole cancelled, very fine.

£120-150

154Royal Siamese Government, 6% Sterling Loan of1924, a rare set of 4 bonds for £50, £100, £500 and£1000, large format pieces with vignettes of speedingsteam train and rice field, ornate borders, brown, red,mauve and blue respectively, printed by Waterlow andSons, all with coupons, cancelled with three full heightred stripes with ‘cancelled’ printed 4 times between, allbut the £1000 with very small cancellation holes oversignatures, good very fine and better. (4)

£700-800

AUSTRALASIA

AUSTRALIA155Australia and New Zealand: A small group ofcertificates comprising Yorke Peninsula Mining Co.Ltd., 18[80]; Hauraki (ovpt North Lachlan) GoldMining Co. Ltd., 1895; Durham and Lord ByronAmalgamated Gold Mining Co. Ltd., 1888, 1891 (2),all with ‘valueless’ in ink across face; VictoriaProprietary Ltd., 1902; Cosmopolitan ProprietaryLtd., 1899, and, Sons of Gwalia Ltd., 1942, fine tovery fine. (8)

£150-180

156A group of Western Australian gold miningcertificates, comprising; Black Flag Proprietary Co.Ltd., 189[7]; Burbank’s Birthday Gift Gold MinesLtd., 189[6]; City of London Gold Mines Ltd.,189[6]; Cue 1 Gold Mine Ltd., 189[6]; D’ArcyWentworth Gold Mines Ltd., 1[901]; Hannan’sGolden Pebbles Ltd., 189[6]; Robinson Gold MinesLtd., 189[6] and 190[0]; Sam’s Wealth MinesDevelopment Co. Ltd., 1897, and, WindsorConsolidated (W.A.) Gold Mines Ltd., 1[901], aninteresting but very varied condition lot in mostly onlyfine condition with one or two very scarce piecesincluded. (10)

£150-200

157A useful group of Australian mining certificatescomprising; Boulder Deep Levels Ltd., 190[3];Charlotte Plains Consolidated Gold Mines Ltd.,190[9]; Charlotte Plains Proprietary Gold Mines Ltd.,189[8]; Croydon Consols Mines Trust Ltd., 19[03];Day Dawn P.C. Gold Mining Co. Ltd., 18[93]; Duke United Mines Ltd., 190[7]; Golden LinkConsolidated Gold Mines Ltd., 189[7]; Great CentralFreehold Mines Ltd., 190[1]; Gwalia Proprietary Ltd.,191[1]; Lachlan Gold Fields Ltd., two types, 1[905]and 190[7]; Mount Zeehan (Tasmania) Silver-LeadMines Ltd., two types both 19[07]; NorthernTerritories Mines of Australia Ltd., 190[9]; ParingaConsolidated Mines Ltd., [1899]; Peak Hill GoldfieldLtd., 190[6], and, Standard Exploration Co. Ltd.,189[900], generally fine to very fine. (17)

£250-350

158An accumulation of Australian certificates fromthe 1880’s through to about 1950 (61), themajority are mining related with a little duplication,noted are Lady Shenton Gold Mine Ltd., 189[8];Duke United Mines Ltd., 190[1]; Victoria & QueenGold Mining Co. Ltd., 190[4]; Mount MorganExtended Gold Mining Co. Ltd., 18[89]; NorthernTerritories Mines of Australia Ltd., 190[9]; RobinsonGold Mines Ltd., 189[6]; Howell’s ConsolidatedGold Mines Ltd., 189[9], and Lachlan Gold FieldsLtd., 1[904], very mixed condition but many are fineand better. (61)

£400-500



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159A very nice collection of Western Australian goldmining certificates (21), mostly 19th century,comprising; Boulder Deep Levels Ltd., 190[3];Carlyle Consolidated Gold Mines Ltd., 189[8];Carlyle Gold Mines Ltd., 18[96]; Cue 1 Gold MineLtd., 189[7]; Golden Link Consolidated Gold MinesLtd., 189[7]; Golden Pike & Lake View East MinesLtd., 189[9]; Half Mile Reef Mines Ltd., [1899];Hannan’s Proprietary Development Co. Ltd., 189[9];Lady Loch Gold Mine Ltd., 189[6]; Lady Loch GoldMines Ltd., 189[7]; Lady Shenton Gold Mine Ltd.,189[8]; Lake View & Boulder Junction Gold MinesLtd., 189[6]; Lake View Consols Ltd., 190[3]; LakeView Extended Gold Mine (W.A.) Ltd., 189[9];Mount Jackson Gold Mines Ltd., 189[8]; NannineGoldfields Ltd., 18[99]; North Boulder East Block(1896) Ltd., [1899]; South Londonderry Gold &Exploration Ltd., 189[5]; Universal Corporation ofWestern Australia Ltd., 189[6]; West Australian GoldFields Ltd., 1906, and, Windsor Consolidated (W.A.)Gold Mines Ltd., 1[901], fine to very fine, some scarce.(21)

£400-600

x160Australasian Pacific Mail Steam Packet Company,£20 shares, 1852, no.699, issued to Thomas Baring,scrollwork at left, black, corner fold, extremely fine.

£40-50


Page 36

161Australian Agricultural Company, certificate no.988 for 5 shares of £100 each, London 18[25], classic early Australianpiece with vignette of Sydney Harbour engraved by Perkins and Heath, engine turned designs at each side with centralmedallions of female busts, Governors and Directors listed at left and conditions of shareholding at right, black, green paperseal, very light toning otherwise very fine and rare.

£2,500-3,000

The company was formed by Act of Parliament in 1824 with a large capital of £1,000,000 with a grant of 1,000,000 acres ofland in New South Wales. In the early 1830’s the company also acquired leases on land at Newcastle, N.S.W. and became oneof the largest exporters of coal from the Colony. The company still exists today operating a herd of nearly 500,000 beef cattle and,in it’s own words, is custodian of about 1.2% of Australias’ land mass.


162Emperor Gold Mines Ltd., 10/- shares, 9/- paid,189[8], ornate border, green, Gold Explorers Ltd.,5/- shares, 4/- paid, 189[5], black, ConsolidatedGold Mines of Western Australia Ltd., 5/- shares,fully paid, 189[8], no.667, brown, green underprint,White Cliffs Opal Mines Ltd., £1 shares, 189[6],blue, the 2nd and 3rd with small edge tears, fine to goodvery fine. (4)

£120-150

163Golden Arrow Mine Ltd., bearer warrant for 1 shareof £1, 189[5], no.196, ornate border, black withyellow underprint, with coupons, very fine to extremelyfine.

£50-60

164Hannan’s Napier Gold Company Ltd., a pair ofbearer warrants for 10 shares of £1, and 1 share of £1, both 18[95], text in English and French, blue and brown respectively, with coupons, the first is alittle discoloured at bottom, otherwise very fine. (2)

£60-80

Registered 1895 to acquire Lease No.50 at Hannan’sFind, Western Australia.

165Melbourne & Suburban Railway Co., £10 share,18[59], vignette of steam train about to cross a bridgeflanked by a surveyor and a navvy, plan of the routebelow, black on thick paper, about extremely fine.

£250-300

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.

166Midland Railway Company of Western AustraliaLtd., a group of certificates for 4% second mortgagedebenture stock, various dates from 1911 to 1924,steam train and tender at top, ornate border, greenand black, printed by Bradbury, Wilkinson & Co.,generally very fine. (23)

£250-350



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167Tasmanian Government debenture for £100,no.706, 1867, large format piece with coat of arms attop, ornate border, blue, stamped PAID over signatures,good very fine

£60-80

168West Australian Pioneer Syndicate Ltd., a specimencertificate for ordinary shares of £1, from the BradburyWilkinson & Co. archive, 189-, swan in scrollwork atleft, blue, with counterfoil, perforated specimen atbottom right, slightly crinkled, extremely fine.

£60-80

169White Feather United Gold Mines Ltd., £1 shares,10/- paid, 189[5], no.4, scrollwork at left, blue,together with Victorian Consolidated Goldfields Ltd.,5/- shares, part paid, 19[05], blue, stamped FULLYPAID, the first toned in the top left quarter, the secondwith rust mark at top, very fine. (2)

£60-80

170Yudanamutana Copper Mining Company of SouthAustralia Ltd., certificate for 5 shares of £3, 1862,coat of arms in centre, red, small ink mark at top rightedge, fine to very fine

£60-80

COCOS (KEELING) ISLANDS

171Treasure Recovery Ltd., 5 shilling shares, fully paid,193[5], no.1886, underprint map of Cocos Island inthe Indian Ocean, ornate border, blue, edge tear at top,very fine.

£60-80


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NEW ZEALAND

172Harbour Board of Westport, 4% Loan, 1885, aspecimen bond for £100 from the Bradbury,Wilkinson & Co. archive, ornate border, blue andblack, with coupons, extremely fine and rare.

£100-120

173London & New Zealand Exploration Co. Ltd.,bearer warrant for 1 deferred share of £1, 18[96],no.0593, large format piece with Maori standing atleft, ornate border, green and black with yellowunderprint, with coupons, surface dirt to extreme leftedge, about extremely fine.

£60-80

174Moanatairi Gold Mining Co. Ltd., £1 shares, fullypaid, [1897], no.82, black, capital overprinted;together with Ethel Reef Gold Mining Co. Ltd., 5/-shares, part paid, 189[8], no.895, ornate border, blue-green, good very fine and about very fine. (2)

£60-80

175New Zealand Midland Railway Co. Ltd., a largegroup of bonds comprising First MortgageDebentures, first issue, 1889 for £100 (49), £500(15), only 380 issued, £1000 (6), only 265 issued,and, 1895 2nd issue, £12 10s (72), £50 (15), only380 issued, and £100 (6), only 265 issued, all largeformat pieces, black with different colour underprints,all with coupons, all have been spiked at top left cornerwhich has left varying size holes, otherwise fine to veryfine and better. (163)

£400-500

SAMOA

176Samoa: Upolu Rubber & Cacao Estates Ltd., £1shares, 19[16], no.75, ornate border, blue, red seal;together with Caledonia Copper Co. Ltd., £5 shares,[1899], no.1087, attractive vignette of miner andBritannia, printed by Waterlow & Sons, brown, bothabout very fine. (2)

£60-80



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CANADA177Canadian gold mining certificates, mostly Britishcompanies operating property in British Columbiacomprising; Anglo-Canadian Gold Estates Ltd., twotypes, both 189[9], property in Ontario; Big ValleyCreek Gold Mines Ltd., 189[6]; Empire Gold FieldsLtd., 19[01]; Gold Fields of British Columbia Ltd.,189[7]; Golden River Quesnelle Ltd., 189[6]; Le RoiMining Co. Ltd., 189[9], facsimile signature ofWhitaker Wright, endorsements on face; VelvetPortland Mine Ltd., 190[4], and, Waverley Mine Ltd.,189[7], generally fine to very fine. (9)

£100-120

178A collection of Canadian certificates (39), plusoption and fractional certificates (9), mostly of Britishcompanies, with some duplication, including; CanadaLand & Emigration Co. Ltd., 186[7], 3 examples;British America Corporation, 189[8]; Golden RiverQuesnelle Ltd., 189[6], 3 examples; Canada NorthWest Coal & Lumber Syndicate Ltd., 18[89];Newfoundland Oilfields Ltd., 19[10]; Porcupine(Canada) Mining & Development Co. Ltd., [1912];Granville Mining Co. Ltd., [1912], 3 examples;Queen Charlotte Islands General Development Co.Ltd., 19[12], and, Port Arthur (Ontario)Developments Ltd., 19[20], 3 examples, very mixedcondition, a few with ‘valueless’ in ink across face, fair tovery fine. (48)

£150-180

179A group of Canadian certificates comprising,Grand Trunk Railway Company of Canada, FourthPreference stock, 1860’s (6), 1870’s (5), FirstPreference stock, 1908, Second Preference stock,1909 and 1911, and, Third Preference stock, 1907;Northern Bank, Winnipeg, 1906; Canadian bank ofCommerce, 1911; Dundee Gold Mining Company,1897; British Columbia Breweries Ltd., 1918 (5),vignette of river scene and Brewery; Canadian MineralRubber Co. Ltd., 1911; New City Estates Ltd., 1914(20); North Saskatchewan Land Company Ltd., 1share, 1912 (3) and 10 shares, 1911 (8); AngloWestern Oils Ltd., 1931 (3), and, Swanson BayForests Wood-Pulp and Lumber Mills Ltd., 1911(33), many with vignettes, generally very fine andbetter. (91)

£220-280

180British Columbia, City of Vancouver, a specimenbond for £100, 1907, from the American Bank NoteCompany archives, allegorical female with shipping atdockside at top, ornate border, green and black,overprinted SPECIMEN at bottom, with coupons, goodvery fine.

£80-100


Page 40


181British Columbia, City of Victoria, a specimenbond for £100, 1908, from the American Bank NoteCompany archives, allegorical female and coat of armsat top, ornate border, green and black, overprintedSPECIMEN at bottom, with coupons, small tear at leftedge otherwise extremely fine.

£80-100

182Province of Alberta, City of Calgary, a specimenbond for £100, 1908, from the American Bank NoteCompany archives, horse drawn plough at top, ornateborder, green and black, overprinted SPECIMEN atbottom, with coupons, tri-fold otherwise extremely fine.

£60-80

183Newfoundland Government. 1934 (February 1st),3% Guaranteed Stock 1943-1963, £100 bond, aspecimen certificate numbered B000000 andoverprinted SPECIMEN in red, facsimile signature ofB. G. Catterns as Chief Cashier of the Bank ofEngland, ornate border, orange-brown, very fine andrare.

£150-180

184Canada Southern Railway Co., second mortgageregistered bonds, $10,000, obverse and reverse proofson india paper, annotated 1883, steam train at left,brakeman at right, brown and black, together with thepages from the original order book of the AmericanBank Note Co., good very fine.

£120-180



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185St. Lawrence and Adirondack Railway Company, aspecimen first mortgage 5% gold bond of $100, 1892,printed by the Franklin Bank Note Company,speeding steam train passing waving children, ornateborder, green and black, with coupons, slight chippingto bottom corners, good very fine.

£100-120

186Toronto Railway Company, a specimen firstmortgage bond for £100, 1892, from the AmericanBank Note Company archives, electric tramcar atbottom, allegorical figure with lightning at top, ornateborder, slate blue and black, overprinted SPECIMEN inred, with coupons, tri-folded, about extremely fine.

£80-100


Page 42


187Canadian Collieries (Dunsmuir) Limited, 5% FirstMortgage Bonds, 1910, a set of 3 specimen bonds for£20, £100 and £500 from the Bradbury, Wilkinson &Co. archives, attractive large format pieces withvignette of coal mine at top, ornate border, blue,green and red respectively, text in English, Germanand French, with coupons, small hole cancels oversignature areas, about extremely fine. (3)

£100-150

188Canadian Pacific Lumber Co. Ltd., 6% FirstMortgage bonds, a pair of specimen bonds for £20and £100, 1911, from the Bradbury, Wilkinson & Co.archive, large format pieces with ornate borders, textin English and French, green and brown respectively,with coupons, both about extremely fine. (2)

£80-100

189Empire Mines of British Columbia Ltd., £1 shares,fully paid, 189[9], no.006, black, together withCanadian Minerals Co. Ltd., £1 shares, 189[9], no.2,black, and, Gold Explorers of Canada Ltd., £1 shares,18[97], no.4, ornate border, black, text in English andFrench, all are scarce types, very fine and better. (3)

£60-80



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189AHydro-Electric Securities Corporation, a specimencertificate for 50 preferred shares of $10, 192-, printedby Waterlow & Sons Ltd., vignette of waterfall at top,orange and black, overprinted specimen, in red, withcounterfoil, hole cancels over signature area, extremelyfine.

£60-80

190North Coast Land Co. Ltd., a group of first chargedebentures, 19[12], for £50 (9) and £100 (24), verylarge format bonds with ornate borders, red and bluerespectively, with coupons, generally very fine toextremely fine. (33)

£100-150

191Northern Light, Power & Coal Co. Ltd., a groupof 12 x First Mortgage 5% 20-Year Gold Bonds for$1000 or £205.11s, and one debenture for $500 or£102.15.6d, 1909, large format pieces with lovelyvignette of the City of Ottawa depicting river,shipping, factories and mountains in the background,green and black, and blue and black, with coupons;together with certificates for 5 shares and 10 shares(2), also 1909, same vignette, with coupons, allprinted by Waterlow & Sons, Ltd., the top couple ofpieces a little dusty otherwise about very fine and better.(16)

£120-180

192Rothschild Cobalt Co. Ltd., $1 shares, 190[6],no.1023, signed M. Rothschild as Vice Presidentand another Rothchild as Secretary, minersunderground, ornate border, black and brown withsilver underprint, edge tears at folds, fine

£60-80

193Two Companies from Brantford, Ontario:,Farmers’ Co-operative Packing Company of BrantfordLtd., $20 shares, 190[3], large underprint of cow,flags in top corners, brown and black, gold seal, and,Farmers’ Binder Twine and Agricultural ImplementManufacturing Co of Brantford, Ontario, Ltd., $10shares, 189[3], large underprint of horse in red, black,gold seal, both very fine. (2)

£60-80


Page 44


EUROPE

AUSTRIA

194Austrian Government International GuaranteedLoan 1933-1953, £100 bond, a specimen certificatenumbered A000000 and overprinted SPECIMEN inseveral places, ornate border, text in English andGerman, orange-brown and black, good very fine andrare.

£150-180

195Austrian Government 41⁄2% GuaranteedConversion Loan 1934-1959, £100 bond, aspecimen certificate numbered A000000 andoverprinted SPECIMEN in red in several places, ornateborder, text in English and German, orange-brownand black, good very fine

£120-150



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BELGIUM

196Chambre Imperiale et Royale D’AssuranceD’Anvers, a lovely insurance policy dated 1755,no.203, covering merchandise being shipped fromOstende, vignette of ships in rough seas at top, blackprinting on thick paper, handsigned at bottom right,paper seal at left, good very fine and rare.

£150-200

197Comptoir Ryckaert, 500 franc share, Brussels 1900,no.152, very attractive piece with Mercury seated withbare breasted female alongside, designed by EmileRenders, blue-green, good very fine.

£400-500

198Grande Distillery du Centre, 100 franc share,Brussels 1898, no.4132, lovely vignette of thecompany’s factory at Limoges, obverses and reverses ofprize medallions around border, coat of arms atbottom, mauve and black, beige underprint, withcoupons, extremely fine.

£120-150


Page 46


BOSNIA-HERZEGOVINA

x199Zidovske Banke za Bosnu i Hercegovinu (JewishBank of Bosnia Herzegovina), 5 shares of 100kruna, Sarajevo 1918, no.3496-3500, dark blueprinting, pink underprint of Hebrew text and star ofDavid, with coupons, almost extremely fine and scarce.

£60-80

BULGARIA

200Kingdom of Bulgaria, 7% Settlement Loan, 1926,bond for £1000, no.00150, of only 467 issued, largeformat piece with vignette of peasants in field, ornateborder, blue and black, printed by Bradbury,Wilkinson & Co., with coupons, a little edge damageat left just touching the design, fine to very fine and rare.

£120-150

CROATIAx201A useful collection of different Croatian certificates(44), dated between 1900 and 1935, many differentindustries represented, mostly with ornate borders, afew with vignettes, generally with coupons, a handfulare cancelled, generally about very fine, many better.(44)

£600-700

x202Prue Hrvatske Stedionice, a group of 3 certificatesfor 10 shares (20,000) kruna, 1921, 1 share of 250kruna, [1922], and, one share of 1000 kruna, 1923overwritten 7, all with vignette of cityscape at lowerleft with allegorical female above, large format, withcoupons, a couple of small edge tears, very fine orthereabouts. (3)

£60-80



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CZECHOSLOVAKIA

203City of Greater Prague, 71⁄2% Mortgage Loan of1922, a specimen bond for £100 from the Bradbury,Wilkinson & Co. archive, large format piece with coatof arms at top, ornate border, green and black, withcoupons, printer’s annotation in top margin, aboutextremely fine

£80-100

204Bohemia Joint Stock Bank, Prague, one share of400 korun, Prague 1920, no.35682, attractive piecewith statue of Liberty in the centre with views ofPrague and New York either side, flags of bothcountries at top, brown, red and green, with coupons,extremely fine.

£60-80

205Slavia Vzajemne Pojistovaci Banka, a life insurancepolicy, 1935, with huge design on the front cover byMucha, signed and dated 1907, brown, 4 pages, filingholes in centre which have been carefull plugged, aboutvery fine.

£80-100

205AZwierzina’sche Steinkohlen-Gewerkschaft, Kux-schein, Olmütz [1880], no.125, very attractive piecewith vignettes of mining underground, minebuildings, dwarves and allegorical figures, brown andgold, 4 pages, adhesive revenue stamp, very fine andrare

£350-450


Page 48


DENMARK

206Mortgage Bank of the Kingdom of Denmark, 45-Year 5% Sinking Fund External Gold Loan, aspecimen bond for $500, 1927, from the Bradbury,Wilkinson & Co. archive, large format piece withchariot drawn by 4 bulls at top, brown and black, withcoupons, red circular Bradbury specimen stamp atbottom, about extremely fine.

£80-100

207Danish Producers Loan Fund CommitteeGuaranteed 5% Loan, 1928, a specimen bond for$1000, due 1933, from the Bradbury, Wilkinson &Co. archive, large format piece with allegorical femaleat top with field of wheat to left and fishermen at right,green and black, with coupons, extremely fine.

£60-80

208Danish Producers Loan Fund CommitteeGuaranteed 5% Loan, 1928, a specimen bond for$1000, due 1939, from the Bradbury, Wilkinson &Co. archive, large format piece with allegorical femaleat top with field of wheat to left and fishermen at right,green and black, with coupons, extremely fine.

£60-80



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ESTONIA

209Republic of Estonia, Banking and Currencyreform, 7% Loan, 1927, bond for £100, no.A2664,large format piece with view of Tallinn at top, blue andblack, printed by Bradbury, Wilkinson & Co., withcoupons; together with Eesti Hupoteegipank, 8%mortgage bond for 500 krooni, 19[29], ornateborder, red and black with greenish underprint, lackscoupons, both about extremely fine. (2)

£100-120

FRANCE

210Department of the Seine, 7% Sterling Loan, aspecimen bond for £50 from the Bradbury, Wilkinson& Co. archives, large format piece with vignette ofParis, the river and bridges, ornate border, red andblack, overprinted ‘specimen’ in blue, with coupons,slight surface dirt, good very fine.

£80-100

211Brasserie Coopérative La Gauloise, 100 franc bond,series 1911-1913, dated Lambres 191[2], no.278, ofonly 400 issued, cockerel at top, barrels and crop ateither side, black with pale green underprint, withcoupons, extremely fine and rare.

£100-120


Page 50


212Café de la Paix, founders share, Béziers 1921,no.1301, 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, extremely fine.

£400-500

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.

213Casino du Palais de la Jetée-Promenade de Nice,500 franc share, Nice 190[8], no.1085, nice sepiaphotographic vignette of the casino at the end of theshort pier, ornate border, green and black, withcoupons, about extremely fine.

£300-400

214Compagnie 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)

£300-400

215Compagnie Parisienne des Voitures Electriques(Procédés Kriéger), 500 franc bond, Paris 1906,no.2991, lovely Art Nouveau design with four of thecompany’s vehicles at left, mauve and buff,endorsements across face, with coupons, extremelyfine.

£60-80

216Concession & Exploitation des Mines de Fer deL’Isle d’Elbe, 1000 francs share, Year 11 (1803),no.39, scrollwork at left, black on attractivewatermarked paper, embossed 50 cent revenue stamp,extremely fine.

£700-900

Iron Mines on the Island of Elba, just off the coast ofTuscany, Italy. Became a French possession in 1802.Made famous for the place of exile for Napoleon fromwhich he escaped only to be defeated at Waterloo.Returned to Italy with the unification of the country in1860.



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217Crédit Maritime de France, 500 franc bond, 1stseries, Paris 1881, no.4777, lovely and large vignetteof paddle steamer at top, ornate border, black, pinkunderprint, with coupons, a couple of small oil stains(from old tape repair), very fine.

£200-250

218Forges et Fonderies Maritimes de Nantes, 100 francshare, Nantes 185[8], no.523, coat of arms at top,several vignettes of iron forging, stamping and rolling,sailing ship and goods at dockside, black with greyunderprint, with coupons, extremely fine.

£60-80

219“L’Abeille” Compagnie Nationale de Voitures,founders share, Paris 1899, no.3480, ornate borderwith two horse drawn coaches at top, winged horses intop corners, black, yellow underprint, with coupons,extremely fine.

£200-240

220L’Aiglon, Compagnie Anonyme d’Assurances aPrimes Fixes Contre les Accidents et AutresRisques, 100 franc share, Arcachon 190[4], no.5228,unusual vignette of various cities in 3D map with eaglesouring above, ornate border, red and blue, withcoupons, tiny repair at top edge, near extremely fine.

£80-100


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221L’Hippodrome, pair of certificates for 100 franc shareand ‘part beneficiaire’, 1898, attractive pieces withhorses heads, unicorns, fruit and scrollwork, red withgreen underprint and blue with yellow underprint,with coupons, tiny edge repair on the second piece,extremely fine. (2)

£80-100

222La Gravure Francaise, 500 franc share, Paris 19[34],no.1064, huge signed vignette of woman looking atdrawings by Louis Icart, signed by him asadministrateur at bottom, dark brown printing, withall coupons, centre fold otherwise extremely fine.

£400-500

223La Participation Sientifique Litteraire &Artistique, ‘part beneficiare’, circa 1880, no.219,attractive design with leaves and scrollwork, blue andorange, signed T. Pory, about extremely fine.

£100-120

224Paris Gigantic Wheel and Varieties Co. Ltd., bearerwarrant for 5 shares of £1, London 189[8], no.B5660,Ferris wheel and buildings in centre, naked Fortuna onwinged wheel with flags of France and England at left,mauve and black, printed by Waterlow & Sons, withcoupons, very fine.

£60-80



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225Société Anonyme André Citroen, an unissuedcertificate for 1 tenth preference share, undated butcirca 1935, classic design with Citroen logo at top withcar driving down a tree lined avenue, red and black,with coupons, extremely fine.

£60-80

226S.A. des Eaux Minérales Naturelles de Vichy-Cusset, 100 franc share, Paris 191[0], no.1411,beatiful art Nouveau piece with classically dressedfemales gathering water from the stream, Park at top,town view at bottom, blue-green, with coupons,extremely fine.

£60-80

227Société Anonyme de Gymnastique MédicaleMécanique (Systéme du Docteur Zander), 500franc share, 1880, no.133, fascinating piece withvignettes around border of various exercisecontraptions, black with pink underprint, withcoupons, extremely fine.

£60-80

228Société des Moteurs et Automobiles Ch.Richard,unissued certificate for 5 preference shares of 100francs, 1900, lovely vignette of early automobile,underprint of cut-away drawings of engines, ornateborder, green and black, with coupons, extremely fine.

£60-80


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229Société du “Maréorama Hugo d’Alesi”, 100 francshare, Paris 1899, no.9891, beautiful piece withclassically dressed figures looking out over aMediterranean scene, two flagpoles at left, blue andblue-green, with coupons, about extremely fine.

£120-150

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.

230Société Générale des Assurances Agricoles, 100franc share, Paris [1894], no.11506, ornate designwith farming vignettes around border with allegoricalfemale at top, blue, pink underprint, with coupons,about extremely fine.

£100-120

231Soc. Gen. des Grands Crus de Chateauneuf-du-Pape, 100 franc share, Chateau de la Grande Gardiolea Courthezon 1931, no.6297, ornate border, green,with coupons, interesting piece from this famous winecompany, about extremely fine.

£60-80

232Théatres Plages et Casinos S.A., 100 franc share,Paris 191[2], no.2112, large vignette of coastline,looking rather uninhabited apart from a large chateauin the hillside, ornate border, red-brown and black,with coupons, about extremely fine.

£200-300



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GERMANY

233German Government International 51⁄2% Loan,1930, bond for $1000, no.76464, allegorical femaleat top, ornate border, mauve and black, text inEnglish, German and French, with coupons from June1945, almost extremely fine.

£150-180

234City of Cologne, 6% Sterling Loan of 1928, a set ofspecimen bonds for £20, £100 and £500, from theBradbury, Wilkinson & Co. archive, large format withlovely view of Cologne Cathedral at top, ornateborders, blue, brown and red respectively, withmodified terms endorsement across face, overprinted‘specimen’ in red, with coupons, the first with a fewcreases at edges otherwise extremely fine or nearly so. (3)

£200-250


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235City of Dreden, 51⁄2% Sterling Loan, 1927, bond for£100, no.1685, large format, green and black, withcoupons, about extremely fine.

£60-80

236Stadt Dusseldorf, 1908 4% Loan, bond for 1000marks, no.9748, full height vignette of allegoricalfemale with hammer and anvil, young artist sits below,dark green and yellow with pale green underprint,lacks coupons, about extremely fine and always apopular piece.

£300-350

237Free State of Saxony, 6% Sterling Loan, 1927,bonds for £20 and £100, allegorical female withindustrial view in background, orange and blue,together with City of Dresden, 51⁄2% Sterling Loan,1927, bond for £100, green, the Dresden has edge tearat left and ink stain at top left edge, fine to very fine; theSaxony very fine to extremely fine. (3)

£150-200

238Free State of Saxony, 6% Sterling Loan, 1927, apair of specimen bonds from the Bradbury, Wilkinson& Co. archive for £20 and £100, large format withallegorical female at top with industrial view behind,ornate border, orange and blue, with coupons, smalltear at top left corner otherwise about extremely fine. (2)

£120-150



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239Free State of Saxony, 6% Sterling Loan, 1927,bond for £500, no.7531, of only 350 issued,allegorical female with industrial view in background,brown and black, with coupons, a few small edge nicksand a small tear at top centre, very fine.

£200-250

240Bank für Niedersachsen AG, share for 20 goldmarks, Hannover 1924, no.B30145, ornate bordercomprising numerous shields, underprint of whitehorse, blue with a little pink in underprint, withcoupons, about extremely fine.

£60-80

x241Benz & Cie. Rheinische Automobil- UndMotoren-Fabrik AG, a group of 5teilschuldverschreibung (partial debentures) for 1000marks, Mannheim 1920, no’s 154, 155, 156, 157 and158, large format pieces with ornate border,underprint of open touring motor car, brown andblack, with coupons, centre folds, almost extremely fineand scarce. (5)

£1,000-1,200

x242Benz & Cie. Rheinische Automobil- UndMotoren-Fabrik AG, a group of 5teilschuldverschreibung (partial debentures) for 1000marks, Mannheim 1920, no’s 159, 160, 161, 162 and163, large format pieces with ornate border,underprint of open touring motor car, brown andblack, with coupons, centre folds, almost extremely fineand scarce. (5)

£1,000-1,200

243COSAG, Continentale Stickstoffwerke AG, 1000reichsmark share, Munich 1922, no.24141, farmersowing seeds and blacksmith in top corners, floralborders, brown and yellow, with coupons, very fine.

£60-80


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244Industrie und Kultur Verein (Industrial andCultural Association), 12 gulden share, Nurnberg[1832], no.520, attractive vignette of buildings withgrazing horses in the forefront, black, a little trimmed,folds, about very fine.

£200-300The association was mainly involved in horse breedingpresumably for the racing industry.

245Potash Syndicate of Germany (DeutschesKalisyndikat G.m.b.H), 7% gold loan, 1925, series‘A’, a group of specimen certificates from theBradbury, Wilkinson & Co. archive, comprising £20,£50 and £100, plus another £100 with overprint ofmodified terms, 1956, and printed in a differentcolour to the orginal large format pieces with vigneteof the huge factory at top, mauve, orange, red andgreen respectively, with coupons, generally aboutextremely fine. (4)

£80-100

246Potash Syndicate of Germany (DeutschesKalisyndikat G.m.b.H), 7% gold loan, 1925, series‘B’, a group of specimen certificates from theBradbury, Wilkinson & Co. archive, comprising £20and £100, plus another £20 with overprint ofmodified terms, 1956, and printed in a differentcolour to the orginal large format pieces with vigneteof the huge factory at top, mauve, red and orangerespectively, with coupons, generally about extremelyfine. (3)

£60-80

247Potash Syndicate of Germany (DeutschesKalisyndikat G.m.b.H), 7% gold loan, 1925, series‘C’, a group of specimen certificates from theBradbury, Wilkinson & Co. archive, comprising £50and £100, plus £20 and £100 with overprint ofmodified terms, 1956, and printed in a differentcolour to the orginals, large format pieces with vigneteof the huge factory at top, orange, red, orange andgreen respectively, with coupons, generally aboutextremely fine. (4)

£80-100

248Saal-Unstrut-Eisenbahn-Gesellschaft, ordinaryshare of 100 talers, 1872, no.4893, small railwayvignettes in bottom corners, allegorical figures at top,brown with pale blue underprint, lacks coupons, dampstain at extreme left edge but good very fine.

£80-100

249No lot

GREECE

250Kingdom of Greece, 5% Loan, 1884, an extremelyrare set of certificates for 1, 5 and 10 bonds of £20 or500 francs, coat of arms at top, ornate border, blackwith grey, yellow and pink underprints respectively,with coupons from 1941, with heavy folds, fine to veryfine, the 5 and 10 bonds both rare. (3)

£150-200



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251Kingdom of Greece, 1889, 4% Consolidated GoldRentes, bond for £100, series B, no.13389, largeformat piece with coat of arms at top, ornate border,black, green and pink, printed by Waterlow & Sons,with coupons from 1941, heavy centre fold, good fineand rare.

£100-120

2521890 5% Greek Loan (Piraeus Larissa Railway),£500 bond, no.57213, very large format piece withGreek coat of arms at top, steam engine and tender atbottom, allegorical females at either side, black, pinkand mauve, text in 4 languages, removed from an oldframe, hole in centre through embossed seal, heavy centrefold with old repair on the reverse, fine but very rare.

£80-100

253Greek Government 1924 7% Refugee Loan, pair ofbonds for £100, one with coupons from 1941, theother with coupons replaced by certificate ofacceptance of the 1965 repayment offer, large format,peasants and children at top, ornate border, green andblack, printed by Bradbury, Wilkinson & Co., very fineand better. (2)

£80-100


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254Greek Government 1924 7% Refugee Loan, pair ofbonds for US$500, no.0069 and US$1000, no.3588,peasant woman and children at top, large format,ornate border, blue and green respectively, withcoupons, the $500 with edge tears at left and bottom,fine, the $1000 good very fine. (2)

£100-150

255Hellenic Republic, 1925 External Sinking Fund8% Gold Loan, bond for $1000, no.472, allegoricalfemale and cherub at top, green and black, text inEnglish and Greek, printed by the American BankNote Co., tear at centre fold on left, creased but aboutvery fine and rare.

£100-150



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256Greek Government 1928 6% Stabilisation andRefugee Loan, pair of bonds for £500 and £20, largeformat, winged goddess at top, ornate border, mauveand red respectively, with coupons from 1941, aboutvery fine and good very fine, both rare. (2)

£100-150

257Greek Government 6% Stabilisation and RefugeeLoan of 1928, a specimen bond for £1000 from theBradbury, Willkinson & Co. archive, large format,goddess Nike at top, ornate border, orange and black,with coupons, extremely fine.

£80-100


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258Greek Government 1928 40-Year 6% securedSinking Fund Gold Loan, pair of bonds for US$500,no.D2067 and US$1000, no.M15068, allegoricalfigure at top, ornate border, orange and mauverespectively, with coupons, couple of edge tears on the$500, about very fine, the $1000, very fine. (2)

£100-150

259Greek Government 6% Public Works SterlingLoan, 1931, pair of bonds for £20 and £100, verylarge format, classical head at top, ornate border, textin English, French and Greek, mauve and orange-brown respectively; together with National MortgageBank of Greece, £100 bond, reduced to £50 byendorsement, 1927, large format, green, with couponsfrom 1973; Piraeus-Athens-Peloponnesus RailwayCo., £100 and £500 bonds, 1885, £100 bond, 1898,all with coupons, fine to very fine, the first three scarce.(6)

£150-200



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260Hellenic Electric Railways Co. Ltd., a group ofcertificates for 5 shares of £1 (53), and 25 shares of £1(23), all dated 1926, electric railway engine at top,ornate border, mauve and black and olive-green andblack respectively, with coupons, all with Swiss BankCorporation endorsement dated 1951, generally veryfine to about extremely fine. (76)

£300-400

261Piraeus-Athens-Peloponnesus Railway Co., 4%Loan, 1912, a group of bonds for 500 drachma or£20 (5) and 2500 drachma or £100 (13), very largeformat pieces with steam engine and tender at top,ornate border with ancient Greek vignettes, text inFrench, Greek and English, with coupons, most havesome edge tears, otherwise fine to very fine. (18)

£150-200

262Weaving and Dyeing Co. Ltd., Th.D.Velissaropoulos and Brothers, a set of 4 certificatesfor 1, 2, 10 and 25 shares of 500 drachma each, Syra19[32], vignettes of factories with cockerel in thecentre, various colours, with coupons, the last withedge tears at top and right edge otherwise very fine toextremely fine. (4)

£60-80

HUNGARY263British and Hungarian Bank Ltd., 5 shares of 50pengo, 1926 issue (24) and 5 shares of 50 pengo,1927 issue (12), red and black, with grey underprint,text in English and Hungarian, with coupons,generally very fine and better. (36)

£100-150


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ICELAND

264Hlutafjelagid Eimskipafjelag Islands, 50 kronershare, Reykjavik [1917], no.4571, steamship at top,Icelandic figures at left and right, allegorical female atbottom, blue and brown with yellow underprint, veryfine.

£250-300

ITALY265Victor Emanuel Mining Co. Ltd., 10% debenturefor £500, 186[4], plain black printing, with coupons,slight foxing, about very fine.

£60-80

MONTENEGRO

266Principality of Montenegro, 5% Loan, 1909, pair ofbonds for £20, no.2214 and £100, no.1574,allegorical female at top, ornate borders, blue andgreen respectively, printed by Waterlow & Sons, bothlack coupons, very fine and nearly so, the last rare. (2)

£180-220

NETHERLANDS

267Krasnapolsky Restaurant & Winter Garden Co.Ltd., £10 ordinary shares, fully paid, 18[91], no.091,scrollwork at left, black, good very fine and scarce.

£100-120

An English company formed to acquire this famousAmsterdam landmark which still exists.



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PORTUGAL268Cia de Mineraçao de Pintor, Pindello e Ferral, agroup of 30 certificates for one share of 22$500,undated but circa 1880, large format, ornate border,text in Portuguese and English, black, yellowunderprint, a handful with very minor edge nicks, veryfine to extremely fine. (30)

£100-150

269Companhia Commercial Leão Verde, one share of$50 reis, Lisbon 190[7], no.257, of only 280 issued,lion at top, ornate ‘art nouveau’ border, green, veryfine to extremely fine.

£160-180

270Companhia Commerciale Vinicola da Bairrada, 50reis share, 1st issue, Mealhada 18[75] (date notcompleted in error), no.151, large format piece withborder of numerous cherubs within ornate scrollwork,black, pink underprint, split at centre fold withstrengthening repair on reverse, otherwise good very fine

£200-220

271Companhia da Fabrica Nacional de Lanificios dePortalegre, Antiga Fabrica de Larcher &Cunhados, certificate for 1 share of 100 reis, 1862,no.173, attractive piece with vignette of factory,ornate border, black, 4 pages, dividend stamps until1865, extremely fine.

£100-120


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272Consórcio Português de Pesca e Conserva, 5 sharesof 100 reis, Lisbon 19[20], no.4191-4195,architectural border with full height fishing net at left,fishing boats at bottom, orange-brown, good very fine.

£100-120

273Empreza Industrial da Luz Lagos, a pair ofcertificates for 1 and 5 shares of 100 reis, Lisbon19[06], allegorical figures with tools and merchandise,ornate border, blue and brown respectively, both aboutextremely fine.

£100-120



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274Fabrica de Faianças das Caldas da Rainha, certificate for one share of 20$000, Lisbon 1884, no.1424, a beautifulcertificate designed by Raphael Bordallo Pinheiro depicting the company’s art pottery, flowers and various animals,multicoloured but predominantly green, brown and pink, a little creased but good very fine.

£1,800-2,200


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275SACOR - Sociedad Anonima Concessionaria daRefinacao de Petroleos em Portugal, a group ofspecimen bearer shares from the Bradbury, Wilkinson& Co. archive, comprising, 1938, 20 shares; 1951, 1share; 1953, 1 share, 20 shares and 500 shares; 1958,1 share, and, 1965, 1, 5, 10, 20, 50, 100 and 500shares, all with stylised oil refinery at top, verycolourful, with coupons or counterfoil, generallyextremely fine and better. (13)

£150-200

ROUMANIA

276Roumanian 4% Consolidation Loan, 1922, a pair ofspecimen bonds for £100 and £500 from theBradbury, Wilkinson & Co. archives, large formatpieces with vignette of peasant driving team of oxen,brown and black & mauve and black, text in English,French and Roumanian, about extremely fine. (2)

£60-80

277Banca Centrala, 500 lei, Cluj 1920, no.24305, verycolourful piece with harbour scene and 4 funnelsteamship at top, ornate multicoloured border, goodvery fine.

£80-100

278“Mica” Societate Anonima Romana MinieraBucuresti, a set of specimen certificates from theBradbury, Wilkinson & Co. archive, for 1, 5 and 10shares of 500 lei, 1936, very colourful pieces withornate borders, scrollwork underprints, orange, blueand mauve, with coupons, extremely fine. (3)

£60-80



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SPAIN

x279Spanish 5% Perpetual Loan, 1836, bond for £200,no.5212, signed by Gabriel-Julien Ouvrard asContractor, ornate scrollwork at left, coupons atright, black, centre fold otherwise extremely fine.

£80-100

Loan issued to aid Charles V during the Carlist Wars inhis bid to acquire the throne of Spain.

280First Carlist War: 5% Loan. 1837, certificate for 200pesos dated 1839, small format piece with attractivescrollwork at left, black, extremely fine.

£120-150

Upon the death of Ferdinand VII in 1833 the crownpassed to his wife as Regent for their infant daughterIsabel II. Ferdinand’s brother Charles thought he shouldbe proclaimed King and war broke out between the twofactions which lasted 7 years. Charles successors foughtseveral wars during the 19th century to try to regain thethrone but failed each time. This loan was raised to aidCharles attempt and was payable on his entry to Madrid.

A Fine Group of SpecimenGovernment Bonds

281Law of May 1882, 4% Perpetual Exterior Loan, aspecimen bond for 1000 pesetas, dated 1891, from theBradbury, Wilkinson & Co. archive, large format piecewith head of the young King Alfonso XIII at top, coatof arms below, black, green underprint, with couponsat either side, a few folds, good very fine.

£100-120

282Law of May 1882, 4% Perpetual Exterior Loan, aspecimen bond for 2000 pesetas, dated 1891, from theBradbury, Wilkinson & Co. archive, large format piecewith head of the young King Alfonso XIII at top, coatof arms below, black, mauve underprint, with couponsat either side, about extremely fine but split in extremebottom margin.

£100-120

283Law of May 1882, 4% Perpetual Exterior Loan, aspecimen bond for 4000 pesetas, dated 1891, from theBradbury, Wilkinson & Co. archive, large format piecewith head of the young King Alfonso XIII at top, coatof arms below, black, grey underprint, with coupons ateither side, a few folds, good very fine.

£100-120


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284Law of March 1900, 4% Perpetual Exterior Loan,a specimen bond for 500 pesetas, dated July 1900,from the Bradbury, Wilkinson & Co. archive, largeformat piece with head of the King Alfonso XIII as aboy at top, allegorical figures below, black, greenunderprint, with coupons at either side, a few folds,very fine.

£100-120

285Law of August 1899 and April 1906, 5% Loan, aspecimen bond for 500 pesetas, dated May 1900, fromthe Bradbury, Wilkinson & Co. archive, large formatpiece with head of the King Alfonso XIII as a boy attop, Spanish coat of arms below, black, greenunderprint, with coupons at left, about extremely fine.

£100-120

286Law of August 1899 and April 1906, 5% Loan, aspecimen bond for 2500 pesetas, dated May 1900,from the Bradbury, Wilkinson & Co. archive, largeformat piece with head of the King Alfonso XIII as aboy at top, Spanish coat of arms below, black, mauveunderprint, with coupons at left from 1907, aboutextremely fine.

£100-120



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287Law of August 1899 and April 1906, 5% Loan, aspecimen bond for 5000 pesetas, dated May 1900,from the Bradbury, Wilkinson & Co. archive, largeformat piece with head of the King Alfonso XIII as aboy at top, Spanish coat of arms below, black, blueunderprint, with coupons at left from 1907, a littlecreased at edges, about extremely fine.

£100-120

288Law of August 1899 and April 1906, 5% Loan, aspecimen bond for 12,500 pesetas, dated May 1900,from the Bradbury, Wilkinson & Co. archive, largeformat piece with head of the King Alfonso XIII as aboy at top, Spanish coat of arms below, black, orange-brown underprint, with coupons at left from 1907,good very fine.

£100-120

289Law of August 1899 and April 1906, 5% Loan, aspecimen bond for 25000 pesetas, dated May 1900,from the Bradbury, Wilkinson & Co. archive, largeformat piece with head of the King Alfonso XIII as aboy at top, Spanish coat of arms below, black, orangeunderprint, with coupons at left from 1907, good veryfine.

£100-120

290Law of August 1899 and April 1906, 5% Loan, aspecimen bond for 50,000 pesetas, dated May 1900,from the Bradbury, Wilkinson & Co. archive, largeformat piece with head of the King Alfonso XIII as aboy at top, Spanish coat of arms below, black, pinkunderprint, with coupons at left from 1907, good veryfine.

£120-150

2911908 4% Amortisable Debt, a specimen bond for12,500 pesetas, from the Bradbury, Wilkinson & Co.archive, Series D, Madrid 1908, large format piecewith portrait of the young King Alfonso XIII, Spanisharms above, ornate borders, brown and black, printers’annotation for March 1909 at top edge, almostextremely fine.

£150-200

292Decree of December 1908, 4% Perpetual InteriorLoan, a specimen bond for 100 pesetas, dated 1908,from the Bradbury, Wilkinson & Co. archive, largeformat piece with portrait of King Alfonso XIII as ayoung man in military uniform at top, cherub below,black, mauve underprint, with coupons at either side,printers’ annotation for 1916 in top margin, aboutextremely fine.

£100-120

293Decree of December 1908, 4% Perpetual InteriorLoan, a specimen bond for 200 pesetas, dated 1908,from the Bradbury, Wilkinson & Co. archive, largeformat piece with portrait of King Alfonso XIII as ayoung man in military uniform at top, cherub below,black, orange-brown underprint, with coupons ateither side, printers annotation for 1911 at top, goodvery fine.

£100-120

294Decree of December 1908, 4% Perpetual InteriorLoan, a specimen bond for 500 pesetas, dated 1908,from the Bradbury, Wilkinson & Co. archive, largeformat piece with portrait of King Alfonso XIII as ayoung man in military uniform at top, cherub below,black, green underprint, with coupons at either side,about extremely fine.

£100-120


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295Decree of December 1908, 4% Perpetual InteriorLoan, a specimen bond for 2500 pesetas, dated 1908,from the Bradbury, Wilkinson & Co. archive, largeformat piece with portrait of King Alfonso XIII as ayoung man in military uniform at top, cherub below,black, orange underprint, with coupons at either side,about extremely fine.

£100-120

296Decree of December 1908, 4% Perpetual InteriorLoan, a specimen bond for 25,000 pesetas, dated1908, from the Bradbury, Wilkinson & Co. archive,large format piece with portrait of King Alfonso XIIIas a young man in military uniform at top, cherubbelow, black, grey-green underprint, with coupons ateither side, about extremely fine.

£100-120

297Decree of December 1908, 4% Perpetual InteriorLoan, a specimen bond for 50,000 pesetas, dated1908, from the Bradbury, Wilkinson & Co. archive,large format piece with portrait of King Alfonso XIIIas a young man in military uniform at top, cherubbelow, black, grey-green underprint, with coupons ateither side, about extremely fine.

£80-100

298Decree of June 1915, 4.50% Treasury Loan, aspecimen bond for 500 pesetas, dated July 1915, fromthe Bradbury, Wilkinson & Co. archive, large formatpiece with three quarters portrait of King Alfonso XIIIin military uniform at top, brown, pink and pale greenunderprint, with coupons at right, good very fine.

£100-120

299Decree of June 1915, 4.75% Treasury Loan, aspecimen bond for 500 pesetas, dated July 1915, fromthe Bradbury, Wilkinson & Co. archive, large formatpiece with three quarters portrait of King Alfonso XIIIin military uniform at top, blue, yellow underprint,with coupons at right, about extremely fine.

£100-120



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300Decree of March 1917, 5% Loan, a specimen bondfor 500 pesetas, dated May 1917, from the Bradbury,Wilkinson & Co. archive, large format piece with threequarters portrait of King Alfonso XIII in militaryuniform at top, Spanish arms below, green, pinkish-brown underprint, with coupons at either side, goodvery fine.

£100-120

301Decree of March 1917, 5% Loan, a specimen bondfor 2500 pesetas, dated May 1917, from the Bradbury,Wilkinson & Co. archive, large format piece with threequarters portrait of King Alfonso XIII in militaryuniform at top, Spanish arms below, purple, pink &blue underprint, with coupons at either side, aboutextremely fine.

£100-120

302Decree of March 1917, 5% Loan, a specimen bondfor 5,000 pesetas, dated May 1917, from theBradbury, Wilkinson & Co. archive, large format piecewith three quarters portrait of King Alfonso XIII inmilitary uniform at top, Spanish arms below, blue,yellow underprint, with coupons at either side, goodvery fine.

£100-120

303Decree of March 1917, 5% Loan, a specimen bondfor 12,500 pesetas, dated May 1917, from theBradbury, Wilkinson & Co. archive, large format piecewith three quarters portrait of King Alfonso XIII inmilitary uniform at top, Spanish arms below, purple,lime-green underprint, with coupons at either side,good very fine.

£100-120

304Decree of August 1919, 4% Perpetual InteriorLoan, a specimen bond for 500 pesetas, dated August1919, from the Bradbury, Wilkinson & Co. archive,large format piece with head and shoulders portrait ofKing Alfonso XIII in military uniform at top, Spanisharms above, green, pink underprint, with coupons ateither side, good very fine.

£100-120

305Decree of August 1919, 4% Perpetual InteriorLoan, a specimen bond for 2500 pesetas, datedAugust 1919, from the Bradbury, Wilkinson & Co.archive, large format piece with head and shouldersportrait of King Alfonso XIII in military uniform attop, Spanish arms above, brown, orange-brownunderprint, with coupons at either side, aboutextremely fine.

£100-120

306Decree of August 1919, 4% Perpetual InteriorLoan, a specimen bond for 5,000 pesetas, datedAugust 1919, from the Bradbury, Wilkinson & Co.archive, large format piece with head and shouldersportrait of King Alfonso XIII in military uniform attop, Spanish arms above, blue, pink underprint, withcoupons at either side, about extremely fine.

£100-120

307Decree of August 1919, 4% Perpetual InteriorLoan, a specimen bond for 12,500 pesetas, datedAugust 1919, from the Bradbury, Wilkinson & Co.archive, large format piece with head and shouldersportrait of King Alfonso XIII in military uniform attop, Spanish arms above, purple, pink underprint, withcoupons at either side, about extremely fine.

£100-120


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308Decree of August 1919, 4% Perpetual InteriorLoan, a specimen bond for 50,000 pesetas, datedAugust 1919, from the Bradbury, Wilkinson & Co.archive, large format piece with head and shouldersportrait of King Alfonso XIII in military uniform attop, Spanish arms above, red, red underprint, withcoupons at either side, about extremely fine.

£100-120

309Law of February 1920, 5% Loan, a specimen bondfor 500 pesetas, from the Bradbury, Wilkinson & Co.archive, large format piece with facing portrait of KingAlfonso XIII in military uniform at top, Spanish armsbelow, black, green underprint, with coupons at eitherside, good very fine.

£100-120

310Law of February 1920, 5% Loan, a specimen bondfor 2500 pesetas, from the Bradbury, Wilkinson & Co.archive, large format piece with facing portrait of KingAlfonso XIII in military uniform at top, Spanish armsbelow, black, mauve underprint, with coupons ateither side, good very fine.

£100-120

311Law of February 1920, 5% Loan, a specimen bondfor 12,500 pesetas, from the Bradbury, Wilkinson &Co. archive, large format piece with facing portrait ofKing Alfonso XIII in military uniform at top, Spanisharms below, black, brown underprint, with coupons ateither side, centre fold otherwise about extremely fine.

£100-120

312Law of February 1920, 5% Loan, a specimen bondfor 25,000 pesetas, from the Bradbury, Wilkinson &Co. archive, large format piece with facing portrait ofKing Alfonso XIII in military uniform at top, Spanisharms below, black, yellow underprint, with coupons ateither side, centre fold otherwise about extremely fine.

£100-120

313Law of February 1920, 5% Loan, a specimen bondfor 50,000 pesetas, from the Bradbury, Wilkinson &Co. archive, large format piece with facing portrait ofKing Alfonso XIII in military uniform at top, Spanisharms below, black, pink underprint, with coupons ateither side, centre fold otherwise about extremely fine.

£100-120

314Law of April 1921, 5% Treasury Loan for theDevelopment of Nacional Industry, a specimenbond for 100 pesetas, from the Bradbury, Wilkinson &Co. archive, large format piece with left facing headand shoulders portrait of King Alfonso XIII in militaryuniform at top, Spanish arms above, red and black,with coupons at either side, good very fine.

£100-120



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315Law of April 1921, 5% Treasury Loan for theDevelopment of Nacional Industry, a specimenbond for 500 pesetas, from the Bradbury, Wilkinson &Co. archive, large format piece with left facing headand shoulders portrait of King Alfonso XIII in militaryuniform at top, Spanish arms above, blue and black,with coupons at either side, good very fine.

£100-120

316Law of April 1921, 5% Treasury Loan for theDevelopment of Nacional Industry, a specimenbond for 5,000 pesetas, from the Bradbury, Wilkinson& Co. archive, large format piece with left facing headand shoulders portrait of King Alfonso XIII in militaryuniform at top, Spanish arms above, purple and black,with coupons at either side, very fine.

£100-120

317Law of December 1929, 6% Interior TreasuryLoan, a specimen bond for 1000 pesetas, dated 1930,from the Bradbury, Wilkinson & Co. archive, largeformat piece with three quarters facing portrait of KingAlfonso XIII, slate blue with pink underprint, couponsat either side, overprinted specimen in red and withcircular Bradbury specimen stamp at bottom, very fineto extremely fine.

£100-120

3181933 4% Public Debt, a specimen bond for 1000pesetas from the Bradbury, Wilkinson & Co. archive,large format piece with allegorical female and lion attop, Spanish arms below, green, with coupons at eitherside, extremely fine.

£80-100

3191933 4% Public Debt, a specimen bond for 2000pesetas from the Bradbury, Wilkinson & Co. archive,large format piece with allegorical female and lion attop, Spanish arms below, orange, with coupons ateither side, extremely fine.

£80-100

3201933 4% Public Debt, a specimen bond for 4000pesetas from the Bradbury, Wilkinson & Co. archive,large format piece with allegorical female and lion attop, Spanish arms below, mauve, with coupons ateither side, extremely fine.

£80-100

3211933 4% Public Debt, a specimen bond for 6000pesetas from the Bradbury, Wilkinson & Co. archive,large format piece with allegorical female and lion attop, Spanish arms below, purple, with coupons ateither side, extremely fine.

£80-100


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3221933 4% Public Debt, a specimen bond for 12,000pesetas from the Bradbury, Wilkinson & Co. archive,large format piece with allegorical female and lion attop, Spanish arms below, olive-green, with coupons ateither side, extremely fine.

£80-100

3231933 4% Public Debt, a specimen bond for 24,000pesetas from the Bradbury, Wilkinson & Co. archive,large format piece with allegorical female and lion attop, Spanish arms below, red, with coupons at eitherside, extremely fine.

£80-100

3241933 4% Public Debt, a specimen bond for 200pesetas from the Bradbury, Wilkinson & Co. archive,series H, large format piece with allegorical female andlion at top, Spanish arms below, brown, with couponsat either side, extremely fine.

£80-100

3251933 4% Public Debt, for Spanish Domiciles, aspecimen bond for 1000 pesetas from the Bradbury,Wilkinson & Co. archive, series A, large format piecewith allegorical female and lion at top, Spanish armsbelow, green, with coupons at either side, extremelyfine.

£80-100

3261933 4% Public Debt, for Spanish Domiciles, aspecimen bond for 2000 pesetas from the Bradbury,Wilkinson & Co. archive, series A, large format piecewith allegorical female and lion at top, Spanish armsbelow, orange, with coupons at either side, extremelyfine.

£80-100

3271933 4% Public Debt, for Spanish Domiciles, aspecimen bond for 4000 pesetas from the Bradbury,Wilkinson & Co. archive, series C, large format piecewith allegorical female and lion at top, Spanish armsbelow, mauve, with coupons at either side, extremelyfine.

£80-100

3281933 4% Public Debt, for Spanish Domiciles, aspecimen bond for 6000 pesetas from the Bradbury,Wilkinson & Co. archive, series D, large format piecewith allegorical female and lion at top, Spanish armsbelow, maroon, with coupons at either side, extremelyfine.

£80-100

3291933 4% Public Debt, for Spanish Domiciles, aspecimen bond for 12,000 pesetas from the Bradbury,Wilkinson & Co. archive, series E, large format piecewith allegorical female and lion at top, Spanish armsbelow, olive-green, with coupons at either side,extremely fine.

£80-100

3301933 4% Public Debt, for Spanish Domiciles, aspecimen bond for 24,000 pesetas from the Bradbury,Wilkinson & Co. archive, series F, large format piecewith allegorical female and lion at top, Spanish armsbelow, red, with coupons at either side, extremely fine.

£80-100

3311933 4% Public Debt, for Spanish Domiciles, aspecimen bond for 100 pesetas from the Bradbury,Wilkinson & Co. archive, series G, large format piecewith allegorical female and lion at top, Spanish armsbelow, purple, with coupons at either side, extremelyfine.

£80-100

3321933 4% Public Debt, for Spanish Domiciles, aspecimen bond for 200 pesetas from the Bradbury,Wilkinson & Co. archive, series H, large format piecewith allegorical female and lion at top, Spanish armsbelow, brown, with coupons at either side, extremelyfine.

£80-100



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333Barcelona Auto S.A., 250 peseta share, 1914,no.741, early automobile at top left, black, pale greenunderprint, tiny tone spot, very fine to extremely fine.

£80-120

334Canales Imperial, 1000 reales (paper) share in thelottery created 1805, dated 1807, no.62, small formatpiece with ornate borders, black, 4 pages, centre fold,about extremely fine.

£250-300

335Compañia de Los Ferro-Carriles de Mallorca, 5%Bond, 500 pesetas, Palma 1885, a specimen certificatefrom the Bradbury, Wilkinson & Co. archive, veryattractive piece with vignettes of allegorical femaleswith steam trains either side and a fine vignette of asteam train in centre, black and mauve, with coupons,perforated SPECIMEN at lower left, about extremely fine

£60-80


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336Compania Real de Toledo, one share of 3000 realles de vellon, [1748], no.80, classic Spanish piece with heavy scrollworkborder with religious figures at top, numerous flamboyant hand signatures, black printing, on vellum, large paper sealattached to bottom left, a lovely example in almost extremely fine condition.

£1,500-2,000

337Compania Real Guipuzcoana de Caracas, 500 escudos share, 1766, no.3676, ornate border with arms of the companyat top, allegorical figures, scrollwork and foliage to the sides, black printing, on vellum, paper seal at bottom left, good veryfine and scarce.

£2,000-2,500



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338Construcciones y Protectos, S.A. Peninsular, pair ofcertificates for 500 peseta share, April 1948, no.3361and June 1948, no.1386, striking but different designsof bridge and high rise buildings, very colourfulprinting in black with lime green and pink and blueand pink underprints respectively, with coupons, singlefold otherwise extremely fine. (2)

£80-100

339Hilaturas Navarro - Cabedo S.A., 5,000 pesetashare, Valencia 1927, no.672, a large and strikingpiece with golden spiders’ web in centre, numerousallegorical figures at either side and a large bull, signedMarco-Perez, gold, brown and yellow, with coupons,good very fine.

£400-500

340Industria Nacional de Taximetros y Aparatos dePrecisión S.A., pair of certificates for 500 pesetashares, series A and series B, Madrid 1930, interestingvignettes of charge metre with early taxis inbackground, blue and brown respectively, withcoupons, endorsement on face, extremely fine. (2)

£80-100


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341La Hispano Suiza Fabbrica de Automóviles S.A.,500 peseta share, 7th issue, Barcelona 1918,no.11201, full length vignette of female in ‘artnouveau’ style, motor car in background, dark greenand red, right edge uneven where coupons removed,good very fine.

£150-180

342La Segunda Carbonera de Cordoba, SociedadMinera, certificate for 1 share, 1855, no.163,beautiful piece with architectural border, foliage andallegorical females, steamships and mining enginehouse, black, extremely fine.

£150-200

343Minas y Ferrocarril Utrillas S.A., 500 peseta share,Zaragoza 1902, no.3809, very attractive piece withwinged wheel in wreath in centre flanked by stylisedsteam train, coats of arms and mining tools, dark blueand red, with coupons, good very fine.

£60-80

344Nueva Buena Dicha Sociedad Minera, share numberone, 2nd quarter, Madrid 1854, very attractive pieceprinted in gold and green, miners at top and bottom,large figures atop columns at either side, 4 pages,about extremely fine.

£150-200



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345Sociedad Anonima Bodegas Bilbainas, 500 pesetashare, Bilbao 1940, no.14957, very attractive piecewith female holding wine bottle and glass, bunches ofgrapes at top corners, winery building at top, blue,extremely fine.

£60-80

346Sociedad de Minas La Estrangera, share number 5,May 1854, attractive piece with heavy scrollworkborder with mining tools at top, winding gear atbottom, black, 4 pages, about extremely fine.

£60-80

347Sociedad de Minas Titulada El Triunviro, sharenumber 24, cuarto 2, Cartagena 185[7], attractivepiece with rather crude vignettes of mine buildings andships at sea, black, some surface dirt but extremely fine.

£60-80


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348Sociedad General del Puerto de Pasajes, dividendshare, San Sebastian 1885, large format piece withpanoramic vignette of shipping and port, arms at top,black and green, with coupons, good very fine.

£60-80

A large natural port in northern Spain much used by thenavy during the Napoleonic Wars.

349Sociedad Minera La Molinesa, share number 208,cuarto 1, dated Madrid 1855 but overwritten Molina1856, largish format piece with ornate gold border,black with green underprint, miner at top, slightlycrinkled at top otherwise about extremely fine.

£80-100

350Sociedad Minera Union de Valientes y SanBuenaventura, share no.50/2, Oria 185[3], ornateborder with vignettes of miners by winding gear andengine house, bridge or mine entrance, black, buffunderprint, small chip at bottom right corner, very fine.

£80-100

SWEDEN

351Kreuger & Toll, a group of shares certificatescomprising 25 shares, 1.7.1926 (2), 10 shares,1.7.1926 (9, 8 are handsigned by Ernst Kreuger),15.6.1927 (6, one of which is handsigned by ErnstKreuger), 5.11.1929 (1), 5 shares, 1.7.1926 (3),15.6.1927 (22), and 1 share, 1.7.1926 (5), 1.7.1928(5) and 5.11.1929 (5), all with underprint of Statebuilding, with coupons, generally very fine and better.(58)

£100-120



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SWITZERLAND

352Globe Stores of Switzerland Ltd., an unissued orprobably specimen certificate for one ordinary share of £4, Zurich 1908, Helvetia at top, with a swordrather than a spear, lake and mountains behind, greenand black, text in English and German, with coupons,un-numbered, small hole cancels, two folds, good veryfine.

£80-100

353Société Anonyme de Champel Beau-Sejour, 500franc share, Geneva 18[96], no.866, coat of armsbottom centre flanked by Neptune and a mermaid,stylised fish in top corners, black, green underprint,small edge tears with tape repairs on the reverse, veryfine.

£120-140

GREAT BRITAIN

GOVERNMENT LOANS354Office of Ordnanace, 1704, an order to thepaymaster for advance payment of 8 guineas, each tosix individuals being sent to Gibraltar as Bombardiers,a handwritten document, signed by three officials,names of the six bombardiers are listed to the left, afull receipt for the sum signed by all six on the reverse,rust mark at top, ragged edges, fine and interestingpiece.

£60-80

355Office 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.

£120-150

356Exchequer Bill, 1709, £100, with interest at 2d perday, signed Geo Montagu, raised for increasing thecapital stock of the Bank of England, scrollwork at leftand right, black printing on thick paper, embossedexchequer seal at bottom right, numerous handwrittenendorsements on the reverse, ink cancellation on face,quarter folded with considerable separation to the left,remains of wax on the reverse to hold the piece together.

£600-800


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357Irish Government Life Annuities, a 6% debenturecertificate for £100, Dublin 1776, no.77, blackprinting with manuscript insertions of the holder and,in this case, his female relative recently widowed, threefolds, all of which have split to some degree, the centralone repaired many years ago, fair to fine and scarce.

£200-300

358A group of Inscribed Stock certificates comprising,Navy Five per Cent. Annuities (7), dated 1818 to1820, two of which have complete top corners;New Four per Cent. Annuities (7), dated 1823 to1827, two with complete top corners; Three PoundsTen Shillings per Cent. reduced Annuities (12), dated1830 to 1843, several varieties, only two withcomplete top corners, and Bank Stock, 1876, generallyvery fine, top corners spiked and damaged as usualexcept where stated. (27)

£150-200

359Three Pounds Ten Shillings per Cent. ReducedAnnuities, an inscribed stock receipt in the name ofthe Rt. Hon’ble Sir Robert Peel, Bart by his executors,dated May 182[31], red and black printing, minorspike damage to top left corner as usual and some waterstaining, about very fine.

£60-80

Sir Robert Peel, 1st Baronet (1750-1830), Lancashirecotton mill owner and industrialist and later apolitician. Father of Prime Minister, Sir Robert Peelwho, whilst in the position of Home Secretary helpedcreate the modern British police Force, affectionatelycalled ‘peelers’.

360British Government, Certificates of Post-WarCredit, an interesting group of certificates (43), forthe tax years 1941-42 through 1945-46, small format,coat of arms at top, printed in a different colour eachyear although 1941-42 and 1945-46 were both invarious shades of red, shades also differ betweenissuing offices, mixed condition, fine to very fine. (43)

£80-100

Personal allowances for taxation were increaseddramatically to raise funds for pursuing the war againstthe axis powers. In acknowledgment of this, Post-WarCredits were issued crediting the taxpayer with the extratax that arose from these increases. The Credits wereredeemed by 1973 with a one-off interest payment of38%. Many different types were printed stating the taxoffice involved and form an interesting area forcollection.



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EAST INDIA COMPANY

Handsigned by Admiral Nelson

x361East India Company (United Company of Merchants of England Trading to the East-Indies), a printed power ofattorney for £1000 of East India Stock, 18[02], handsigned Nelson & Bronte by Admiral Horatio Nelson andwitnessed by William Nelson and William Hamilton, authorising William Marsh, John Page and Richard Creed to sellor assign his stock in his absence, black printing with manuscript insertions, folio, embossed 15 shilling duty stamp, tri-folded and with some separation along folds, modern archival tape applied to hold in place, fine to very fine and exceptionallyrare.

£6,000-8,000

Horation Nelson (1758-1805), British naval officer; in 1800, he blockaded Malta and Naples, held by French and NeapolitanJacobins, forcing an absolute surrender; became romantically involved with Emma Hamilton, the wife of diplomat Sir WilliamHamilton who signs this document as a witness; created Baron Nelson of the Nile; created Duke of Bronte by Ferdinand I ofNaples; died in the battle of Trafalgar, 1805, in which he destroyed a combined French and Spanish fleet, securing British navaldominance for the next century.


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SOUTH SEA COMPANY

362South Sea Company, a printed power of attorney by Sir Robert Brown Bart, 1737, authorising William Rutter to handlehis holding of £6500 capital stock of the company, signed by Sir Robert Brown with his wax seal at bottom, signedalso by two witnesses, printed document with manuscript insertions, large company coat of arms at top, folio, impressedrevenue stamps, signs of mounting on the reverse and some surface dirt, fine and rare in this condition.

£1,500-1,800



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CANALS

363Canterbury Navigation & Sandwich Harbour, £25share, 1826, issued to the Mayor and people ofSandwich, a lovely piece with attractive vignette ofCanterbury Cathedral, coats of arms and ship beingdrawn along the canal in background, black on thickpaper, light water tide mark as is usual with these pieces,ink showing through from a trasfer stamp on reverse,good very fine.

£150-180

364Glocester and Berkeley Canal Company, one share,(1794), no.724, black printing, on vellum, yellow waxand paper seal at lower left, very slight discolouration,good very fine.

£300-400

365Herefordshire 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.

£200-250

366Manchester Ship Canal Company, a pair ofspecimen redeemable debentures for £50 and £100,from the Bradbury, Wilkinson & Co. archive, 1934,large format pieces with sail assisted steamship at top,ornate borders, green with pink underprint and bluewith yellow underprint, with counterfoils, extremelyfine. (2)

£100-120


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367Mercy and Irwell Navigation, certificate for oneshare, 1724, no.488, black printing, on vellum, redwax seal with signatures of seven officers of thecompany, blue paper revenue stamps, the vellum isstained at top left with some overall discolouration, fineand rare.

£500-600

The company received its Act of Parliament in 1721 andwork began on making the Rivers Mersey and Irwellnavigable in 1724. By 1734 small boats were able to sailfrom the centre of Manchester through to the Irish Sea.The company was acquired by its great rival, theBridgewater Canal Company, in 1846.

368North Walsham & Dilham Canal, one share of £50,18[24], no.275, of only 600 issued, attractive blackprinting on vellum, white paper seal, very fine.

£80-100

369Regents Canal, a group of 4 transfer certificates,1836, printed forms with manuscript insertions, black,folio, impressed duty stamps, numerous signatures,fine to about very fine. (4)

£60-80

370Thames and Severn Canal-Navigation, certificatefor New Shares, 18[09], no.1356, red printing, onvellum, very fine

£150-180

371Wey & Arun Junction Canal Company, certificatefor one share, 18[31], no.898, lovely vignette of thecompany seal at top, black, on thick paper, paper sealat bottom right, extremely fine.

£200-250



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RAILWAYS

372Beyer Peacock & Co. (1902) Ltd., bearer warrantfor 50 ordinary shares of £1, 190-, a specimencertificate from the Bradbury, Wilkinson & Co.archives, vignette of steam engine, ornate border,orange and black, numbered E000, with coupons,about extremely fine.

£60-80

373Beyer Peacock & Co. (1902) Ltd., bearer warrantfor 50 preference shares of £1, 190-, a specimencertificate from the Bradbury, Wilkinson & Co.archives, vignette of steam engine, ornate border,blue-green and black, numbered B000, with coupons,glue residue on the reverse of top edge, extremely fine.

£60-80

374Birkenhead, Lancashire & Cheshire JunctionRailway Co., £33 6s 8d share, 1846, no.4921, issuedto William Bradbury, printer, black, red seal, veryfine.

£60-80

William Bradbury (1800-1865), founder of printingand publishing business of Bradbury & Evans.Publishers of Dickens and Thackeray, proprietors of‘Punch’ magazine. His son Henry went on to found thefirm of Bradbury, Wilkinson & Co. in 1856.

375Bury and Tottington District Railway Company,certificate for 100 £10 preferred shares, 1879,no.A101-200, issued to Joseph Maitland Smith,brown printing, embossed seal, good very fine.

£60-80

Formed to build a line from the Lancashire & YorkshireRailway Co. just north of Bury to the village ofHolcombe Brook. Smith was appointed in 1880 as themain contractor to complete the line.

376Caledonian Railway Company, 4% preference stock,[£120], [1902], no.13/1436, scrollwork at left, red,on fine watermarked paper, good very fine and a raretype.

£50-60

377Channel Tubular Railway Preliminary CompanyLtd., certificate for 5 founders shares, London 1892,very attractive piece with vignettes around border ofEnglish and French coast, ships with tube resting onthe seabed, black and yellow, centre fold, aboutextremely fine.

£100-120


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378Cheltenham and Great Western Union Railway,scrip certificate for £100 share, £2 10s paid, 1835,no.454, small format, lime green, centre fold otherwiseextremely fine and a scarce early certificate.

£120-150

379Cornwall Railway Company, a group of 6certificates for £50 shares, 184[6], numbers 816, 826-828, 853 and 863, scrollwork at left, black on darkgreen paper, attractive embossed seal, generally aboutextremely fine. (6)

£120-150

380Derbyshire, Staffordshire & WorcestershireJunction Railway Co., provisional certificate for 20shares of £20, deposit £2 2s per share paid, (1847),blue, good very fine; together with Staffordshire &Shropshire Junction Railway Co., provisionalcertificate for 10 shares of £50 each, £2 15s depositpaid, 1845, dark brown, creased, fine, (2).

£50-60

381East Kent Light Railways Company, £1 shares, partpaid, stamped FULLY PAID, 191(2), Capital £240,000,no.219, vignettes of steam train and colliery buildings,dark blue, rust marks at top left, very fine.

£80-100

382Fleetwood, Preston & West Riding JunctionRailway Company, £12 share, 1846, no.7682,attractive piece with coat of arms in centre with steamtrain to right, scrollwork at left incorporating a cherub,black, pink underprint, red embossed seal, somewhatcreased, about very fine.

£60-80

383Great North of England Railway Co., £100 share,18[36], no.662, heavy link chain at left with names oftowns through which the railway passed on each link,black, embossed seal, good very fine.

£120-150

384Leeds & Thirsk Railway Company, ‘New’ £50share, 184[6], no.26013, lovely vignette of spectatorson hillside watching distant steam train, blue, folds,fine to very fine

£150-180



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385Leeds & Thirsk Railway Company, New Extensionshare, 184[8], no.42905, black printing, on linen, redpaper seal at bottom left, very lightly toned but aboutextremely fine.

£80-100

386Mersey Railway Company, consolidated ordinarystock certificate, 19[11], no.2201, scrollwork at left,black, with related paperwork, small area ofdiscolouration in centre, good very fine.

£60-80

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

387Newry & Enniskillen Railway Co., £50 share,18[53], no.10087, black printing, ornate embossedseal, extremely fine.

£60-80

388Newry Warrenpoint & Rostrevor RailwayCompany, certificate for 1 share, 1846, no.1263,black printing, on vellum, mauve paper seal, aboutextremely fine

£60-80

389North Union Railway Company, £100 shares,18[36], numbers 1995, 6, 7, & 8, thin border, blackwith green paper seal, stamped and perforatedcancelled, a very rare piece but with considerablecondition problems, cut cancelled by triangular cut atleft edge into seal, top right corner missing, folds andtears.

£60-80

390Severn & Wye Railway & Canal Company,guaranteed new shares, 185[8], no.1418, scrollworkat left, black on pink paper, good very fine.

£50-60

391Sheffield, Ashton-under-Lyne & ManchesterRailway, eighth share, [1846], no.2600, vignette ofcoat of arms at top, black, pink underprint, embossedseal at bottom right, extremely fine.

£80-100


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392Waterford, Wexford, Wicklow & Dublin RailwayCo., £20 share, 1847, no.35109, very attractive piecewith coat of arms at top, scrollwork border and at left,black, green embossed seal, extremely fine.

£80-100

393Wharfdale Railway Company, £15 share, 1846,no.20159, attractive piece with Craven heffer incentre, black, blue underprint, attractive red embossedseal at lower right, a couple of minor tone spots,extremely fine.

£80-100

394Wharfdale Railway Company, £15 share, 1846,no.20151, attractive piece with vignette of Cravenheffer at top, black, blue underprint, red embossedseal, extremely fine.

£60-80

MISCELLANEOUS COLLECTIONS395A small group of Aviation certificates, comprisingAircraft Disposal Co. Ltd., two types dated 192[4]and 192[5], green and black, both with name crossedthrough and A.D.C.Aircraft above; AircraftManufacturing Co. Ltd., £1 ‘B’ preference shares,19[19], green, and, Aeronautical Corporation ofGreat Britain Ltd. 5/- shares, 19[37], the last withcouple of edge tears, fine to very fine. (4)

£80-100

396A small selection of Tramway and Bus companies(9), comprising Glasgow Tramway & Omnibus Co.Ltd., 18[94]; Traction Syndicate Ltd., 189[4];Traction Company of the United Kingdom Ltd.,19[03]; Series Electrical Traction Syndicate Ltd.,1880’s, 3 examples; B.E.T. Omnibus Services Ltd.,1954 and 1955, and, Sunderland District ElectricTramways Ltd., first income bond, 1912, mixedcondition, generally fine to very fine. (9)

£80-100

397Shipping Companies: a selection of Britishcertificates comprising East Kent Shipping Co. Ltd.,1864; Whitby & Robin Hood’s Bay Steam PacketCompany, 1857; European & American SteamShipping Co. Ltd., 1857; Western Counties ShippingCo. Ltd., 1920; Wm Cory & Son Ltd., 1934; VikingWhaling Co. Ltd., 1931 (3 different examples, onewith piece cut from top edge), together with Americancertificates (6) including International MercantileMarine Co. (2 different examples), and nineteenthcentury unissued certificates (4), mostly very fine toextremely fine. (12)

£80-100

398A collection of British companies comprising;Great Ship Co. Ltd., one share, 1859 (2 examples indifferent colours); London Chatham & Dover RailwayCo., City Lines shares, 1864; St.Leonards-on-SeaGrand Hotel Co. Ltd., 1883; Blake & Goodyear Boot& Shoe Machinery Co. Ltd., 1876; MediterraneanElectric Telegraph, 1853; Matlock Consumers GasLight & Coke Co. Ltd., 1865; Standard WeldlessTube & Cycle Components Ltd., 1897, and, BritishTea Table Co. 1897 Ltd., 189[906], very fine toextremely fine. (9)

£100-120

399Breweries and Distilleries: a group of certificates(15), comprising Gerston Distillery Co. Ltd., 18[86],dirty overall; Ind Coope & Co. Ltd., preference shares,[1900], 3 examples, and debenture stock, 1[904], 3examples; Watney Combe Reid & Co. Ltd., 192[3],193[43], 2 examples; Bent’s Brewery Co. Ltd.,19[36]; Canon Brewery Co. Ltd., 19[45]; Taylor’sEagle Brewery Ltd., 19[47]; Charrington & Co. Ltd.,19[51], and, Robert Deuchar Ltd., 19[53], mixedcondition but mostly fine to very fine. (15)

£100-120



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400Fraudsters: a small group of certificates comprisingMrs Bull Ltd., 19[10] facsimile signature of HoratioBottomley; British Glass Industries Ltd., 19[20] andBritish Window Glass Co. Ltd., [1920], both withfacsimile signature of Clarence Hatry; PhotomatonParent Corporation Ltd., 10 shares of 5/-, 19[28],part of the Clarence Hatry group (5 examples); CityEquitable Fire Insurance Co. Ltd., 192[1], GerardLee Bevan company but without his signature; BritishAmerica Corporation Ltd., 189[8] and London &Globe Finance Corporation Ltd., 3 examples dated189[7], 189[8] and 189[9], all with facsimile signtureof Whitaker Wright as director, generally about veryfine and a good basis for a collection. (13)

£100-120

401A collection, from an original source, of certificatesrelating to the Kent coalfields; comprising East KentColliery Co. Ltd., vendors’ shares, 1911 (3 examples)and 1914, ordinary shares, 1908 to 1911 (8 examples,3 types), option certificates, 1911 (3 examples);Foncage Syndicate Ltd., 1910; IntermediateEquipments Ltd., founders’ and ordinary shares, both1910; South Eastern Coalfield Extension Ltd., £10debentures, 1912 (2 examples), and ‘B’ shares, 1926;Extended Extension Ltd., ‘B’ shares, 1926; Kent CoalConcessions Ltd., ‘A’ shares, 1926, ‘B’ shares, 1926(2 examples) and 1934, £10 debentures, 1911 (2examples); East Kent Contract and Financial Co. Ltd.,ordinary shares, 1910 and 1911, and, SnowdownColliery Ltd., preferred ordinary shares, 1910 (2examples), very mixed condition with folds and creases,some with rusty pin marks at top left, a few with edgetears, fine and better (32)

£100-150

x402A group of British certificates, comprisingBirmingham Canal Navigations, share certificate,1855[7], £11 5s paid, black on blue paper, red paperseal; Bristol & Exeter Railway Co., £100 share,184[3], red, blue seal, centre of seal removed, cancelled;Lancashire & Yorkshire Railway Co., consolidatedordinary stock, Manchester [1914], black, greenunderprint, cancelled; Great Northern Railway Co.,£25 share, 1846, black on pink paper; London &North Western Railway Co., consolidated 4%preference stock, 18[89], red, cancelled; a dividendcheque for the Isle of Man Railway Co., drawn on theIsle of Man Banking Co. Ltd., 19[13], green;Nidderdale Lead Mining Co. Ltd., two preferenceshares, 196[5]; Penryn Granite Quarries Co. Ltd., £20share, 186[6]; Clevedon Hotel Co. Ltd., £10 share,187[6], and, Walpole Hall Ltd., £1 shares, 19[08],fine to very fine and better. (10)

£100-150

403A small group of British certificates comprising;British Mutoscope & Biograph Co. Ltd., £1 shares,189[900]; Strand Hotel Co. Ltd., £5 share, 1862;English and French Bank Ltd., £10 share (2), 188[0]and 188[1]; Edison-Bell Consolidated PhonographCo. Ltd., first mortgage stock, [1902], plus deferredwarrants (3); Wireless Pictures (1928) Ltd., 4/-shares, 19[29], and, Homeaids Ambilectric RadioLtd., 10/- shares, 19[33], generally very fine orthereabouts. (10)

£100-150

404A small collection/accumulation of Hotel andRestaurant companies (15), including HummumsHotel and ‘Rockleys’ Ltd., 188[9]; Savoy Hotel Ltd.,192[0], ink ‘valueless’ across face; Hotel ChathamLtd., 19[09], 4 examples, 2 types and Naval &Military Co-operative Hotel Co. Ltd., 19[10], othersdated 1863 to 1949, mixed condition, many fine anda few very fine. (15)

£100-150

405Film and Theatre related certificates (20), includingAlliance Film Corporation Ltd., 19[20], with vignetteof camera and screen; British Talking Pictures Ltd.,19[28]; “Campro” Cameras & Films Ltd., 192[8], 2examples; Cinema Combine Ltd., 192[0]; DominionTheatre Ltd., 19[28], damaged; General Film Renting(1920) Co. Ltd., 19[20]; Kinemas Ltd., 19[46 or 7],3 examples; Kinography Ltd., 192[2]; London FilmCo. Ltd., 191[4], debenture; Moviecolor Ltd.,19[36]; Odeon Associated Theatres Ltd., 19[47];Odeon Properties Ltd., 19[46] 2 examples; PiccadillyTheatre (1928) Ltd., 19[28]; ProvincialCinematograph Theatres Ltd., 19[45]; Stoll PictureTheatre (Kingsway) Ltd., 19[28]; Wireless Pictures(1928) Ltd., 19[29], mixed condition, a few with‘valueless’ in ink across face, many fine to very fine. (20)

£100-150

406A small collection of sports clubs and facilities,comprising Claughton Bowling Club Ltd., 1875;Castleton Bowling Club Ltd., 1889; Beith BowlingClub, 1895; Polmont Bowling Club Ltd., 1897 (2examples); Sports Club Ltd., 1899; Carlisle CurlingClub, undated but circa 1900; New Mills andNewtown Cricket and Athletic Club Co. Ltd., 1901;Cardiff Skating Rink Co. Ltd., 1909; KirkcudbrightCurling Rink, 1911; Worksop Bowling Club Ltd.,1911; Liverpool Bowling Club Ltd., 1915, and,Reigate Squash Club Ltd., 1936, a few odd edge nicksbut generally fine to very fine. (13)

£120-150


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407Football Companies: a scarce group comprisingBarry Association Football and Sports Co. Ltd.,191[3]; Croydon Common Football and Athletic Co.Ltd., 190[9]; Ipswich Cricket, Football & AthleticGround Ltd., 19[06], and, New Brighton AssociationFootball & Athletic Club Co. Ltd., 19[22], generallyfine to about very fine and a scarce group. (4)

£120-150

408A 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)

£140-180

409A useful group of British Companies operatingoverseas (5), comprising Albion Gold MiningCompany, £1 shares, [1853], black, on linen;Australian Royal Mail Steam navigation Company, oneshare, 1852, black on blue paper; British HondurasCompany Ltd., £5 share, 18[64], black;Mediterranean Electric Telegraph, £10 share, 185[4],coat of arms at top, black, and, Nova Scotia Land andGold Crushing and Amalgamating Co. Ltd., £2 share,1863, coat of arms in centre, black, generally aboutextremely fine. (5)

£140-180

410A group of gramophone, record and radiocompanies, (28), with some duplication, all 1920’sand early 30’s, titles including Celebritone Ltd.;Dulcetto-Polyphon Ltd.; Duophone and UnbreakableRecord Co. Ltd.; Electric & Musical Industries Ltd.;“Phantestra” (Renn’s Gramophone & Wireless) Ltd.;Symphony Gramophone & Radio (Foreign) Ltd.;Truphonic Radio Ltd. and Victoria GramophonesLtd., mixed condition, a few with ‘valueless’ across theface in ink, four with waterstains, however aninteresting lot with many fine to very fine. (28)

£150-180

411Shipping and Shipbuilding: a group of certificates(37), comprising African Steam Ship Co., 192[2] and192[4]; Anchor Line (Henderson Brothers) Ltd.,19[33]; Anglo-Celtic Shipping Co. Ltd., 19[20];Anglo European Steamship Co. Ltd., 19[20] (4examples, 2 types); Elder Dempster and Co. Ltd., 51⁄2%preference shares, 19[12], 6% preference shares,19[23] and 19[34]; Eltringhams Ltd., 19[20],facsimile signature of Clarence Hatry; ForthShipbuilding and Engineering Co. Ltd., 19[19]; GreatEastern Train Ferries Ltd., 19[33] (2 examples);Lamport and Holt Ltd., 19[12] and 19[24];Northumberland Shipbuilding Co., 19[18]; PalmersShipbuilding & Iron Co. Ltd., 19[33]; Royal MailSteam Packet Co., 3 different types, 19[24], 19[24]and 19[30]; Ship Salvage Corporation Ltd., 19[20];Western Counties Shipping Co. Ltd., 1920 (9examples), and, White Star Line Ltd., 19[27] and19[28] (5 examples, 2 types), mixed condition, mostlyfine and better. (37)

£150-180

412A miscellaneous group of British certificates (62),mainly operating overseas, 1890’s through the 1950’s,mixed condition, some with ‘valueless’ across face in pen,many fine and better. (62)

£150-200

413A small collection of British Certificates (23),comprising Penryn Granite Quarries Co. Ltd., 186[6],small vignette in centre; New Consols Tin & ArsenicWorks Ltd., 1874; Minera Ragman Mining Co. Ltd.,18[63]; Morecambe (Regent Road West End) PierCo. Ltd., 189[8]; Clevedon Hotel Co. Ltd., 187[6];Llangollen Lime and Fluxing Stone Co. Ltd., 1881;Rossendale Union Foundry Co. Ltd., 186[1]; CreweCoal and Iron Co. Ltd., 186[8], and, a set of 15unissued certificates for Ardrossan Guaranteed Stockin the Glasgow and South Western Railway, 185-,attractive borders, generally very fine to extremely fine.(23)

£180-220

414A group of British financed Oil companies (32), alittle duplication, including better titles such asPetroleum Company of Ildokani Ltd., 19[14]; EastGalician Oilfields Ltd., founders shares, 19[12];Consolidated Oil Trust Ltd., 19[10]; Gemsah OilReefs Ltd., 19[20]; Newfoundland Oilfields Ltd.,19[11], 2 examples; Hungarian National PetroleumCo. Ltd., 19[12]; Hamilton’s Oil Concessions(Roumania) Ltd., 192[5] and 192[7]; Standard OilCompany of Mexico Ltd., 2 types, 191[0] and 191[2],and General Petroleum Company of Trinidad Ltd.,192[4], 2 examples, mixed condition but generally fineto about very fine. (32)

£200-300



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415An accumulation of certificates relating to theMotor and Cycle Industry, including manufacturers,wheel, tyre and accessory manufacturers, motor fuelcompanies, windscreen makers and general motortrade companies; manufacturers include A.B.C.Motors(1920) Ltd., 19[20]; Gwynnes Engineering Co. Ltd.,1920; Riley (Coventry) Ltd., 19[34], signed byWilliam Riley; Singer & Co. Ltd., 190[3] and 19[36],and Wolseley Motors Ltd., 1922; better certificates inthe remainder include Haynes & Son Ltd., 190[2];Partington Pneumatic Wheel Co. Ltd., 190[8];Gilford Motor Co. Ltd., 19[31]; Hall Motor FuelLtd., 19[14]; Central Scotland Motors Ltd., 19[27],and, Swift Cycle Co. Ltd., 1902, very mixed conditionbut many are fine and a few are better. (42)

£200-300

416Famous Names and Large Companies; a smallgroup of certificates mostly dated 1919 to 1946, all of‘household names’, a little duplication, comprisingAllen & Hanburys Ltd. (2), Artizans & GeneralDwellings Co. Ltd., British Aluminium Co. Ltd.,British Dyestuffs Corporation Ltd. (3 different),British Oil & Cake Mills Ltd. (4, 2 varieties), CarrerasLtd., Eagle, Star & British Dominions Insurance Co.Ltd., Financial Times Ltd. (2), General Electric Co.Ltd., Godfrey Phillips Ltd. (2), Great Universal StoresLtd., Imperial Chemical Industries Ltd., J. Lyons &Co. Ltd. (3 different), Lever Brothers Ltd., LondonCounty Westminster & Parr’s Bank Ltd., London TinCorporation Ltd., National Provincial Bank Ltd.,National Telephone Company Ltd. (2 different),North British Locomotive Co. Ltd., Taylor, Walker &Co. Ltd., Thomas Tilling Ltd. (2 different), TimothyWhites & Taylors Ltd., Van den Berghs Ltd., Van denBerghs and Jurgens Ltd., Waring & Gillow Ltd., and,Westminster Bank Ltd. (3 examples, 2 varieties),mixed condition but generally no damage, fine to veryfine and an interesting lot. (40)

£200-300

417A very interesting collection of English commercialand industrial certificates (69), all different, datingfrom the 1860’s to 1929 with about half before 1900,titles noted are Financial Insurance Co. Ltd., 1865;Metropolitan Coal Consumers Association Ltd.,18[89], vignette at left of coal mine; MortgageInsurance Corporation Ltd., 18[904], allegoricalfemale at left; Conservative News Agency Ltd.,188[5], and, Tonbridge Constitutional Club Co. Ltd.,18[90], mostly fine to very fine with no damage. (69)

£400-500

418British Companies:, An interesting accumulation ofcommercial and industrial share certificates (173) witha date range of 1870’s through the 1930’s, most being20th century, hardly any duplication, a mixedcondition lot with a few having ‘valueless’ across face butmany are very fine. (173)

£400-500

COMMERCIAL AND INDUSTRIAL

419Asylum Life Assurance Company, certificate for oneshare, 1824, no.1928, finally fully paid in 1839, blackprinting, on vellum, good very fine.

£100-120

420Bath Sun Fire Assurance Society, £100 share,18[33], no.336, black printing, on vellum, slightyellowing but good very fine and rare.

£120-150

Formed in 1776 and acquired by the Sun Fire Office in1838.


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421Brighton District Tramways Company, £10 shares,18[84], no.226, scrollwork at left, black, fine to veryfine.

£40-50

422British Aluminium Co. Ltd., a specimen 5%registered Prior Lien debenture for £100, 19- (circa1910), from the Bradbury, Wilkinson & Co. archive,vignette of Kinlochleven works at top, green andblack, numbered 0000, small hole cancels oversignature area, with coupons, American style,extremely fine.

£60-80

423British Aluminium Co. Ltd., a series of specimencertificates from the Bradbury, Wilkinson & Co.archive, comprising ordinary shares, 6% preferenceshares (3 types in different colours), and 3% mortgagedebenture stock (2 slightly different examples), allundated but circa 1910, all with ornate borders,various colours, with counterfoils, either overprintedspecimen or with circular Bradbury specimen stamp atbottom, extremely fine. (6)

£80-100

424British Copper Mining Company, certificate for 5shares, London 1834, no’s 1831-1835, black printing,on vellum, rules printed on the reverse, almostextremely fine.

£80-100

The company held a large interest in, and managed,Great Wheal Charlotte in Chapel Porth, St. Agnes,Cornwall.



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425British Gas Light Company, certificate for one shareof £50, 18[25], no.2935, attractive black printing, onvellum, scrollwork at left with wavy cut edge, slightdiscolouration at top edge otherwise extremely fine.

£120-150

426British Motor Co. Ltd., 4% debenture for £4, 1897,no.1952, very large format piece with ornate border,brown, pale blue underprint, with coupons, very fineand rare.

£150-200

A reconstruction of the British Motor Syndicate, stillcontrolled by Lawson, and still acquiring numerousforeign motor patents.

427British Shares Investment Corporation Ltd., agroup of specimen certificates from the Bradbury,Wilkinson & Co. archive comprising ordinary sharewarrants (6), green; preference shares (9), blue, anddeferred shares (10), pink, all different showing thecomplete run of denominations and the numberingsequence, but the 5 and 10 ordinary shares numberedbetween A315 and A824 are missing, all with ornateborders, with coupons and counterfoil, extremely fine.(25)

£250-300

428Brooklands (Weybridge) Ltd., 5 shilling ordinaryshares, fully paid, 19[36], no.134, ornate border,black, endorsement on face, fine to very fine and scarce.

£60-80

429Cheltenham College, two certificates for 1 share,18[81] and 18[83], no.15 and 321, long formatpieces, simple black printing on grey paper, togetherwith Cheltenham Proprietary School, one share,18[81], no.3, black on blue paper, and two examplesof £10 shares in the Polytechnic Institution Ltd.,186[0], black, pink underprint, the second and last withedge splits, fine to very fine. (5)

£60-80

430Coal Consumer’s Association Ltd., a group of 172certificates for £1 share, 1873, small vignette inscrollwork at left depicting gentleman and minershaking hands, black, generally very fine to extremelyfine. (158)

£200-250


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431Commercial Rooms, Bristol, certificate for 1 share,18[14], no.129, vignette of building, black, onvellum, share transfers on reverse up to 1960’s, fine tovery fine.

£120-150

Built in Corn Street, to classical designs in 1810, thebuilding is now a public house and restaurant.

432Consall Minerals (MacLaren & Co.), £50 share,18[58], no.18, black on grey paper; East Vitifer TinMining Co. Ltd., one share, 1870, no.564, black;together with Sao Bento Gold Estates Ltd., 19[05]and North Ashanti Mining Co. Ltd., 19[73], thesecond with some chipping at end of folds, good fine, therest very fine or thereabouts. (4)

£60-80

433Denaby 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)

£150-180

434Dublin City & Banagher Distilleries Ltd., £10preference shares, 18[92], no.400, scrollwork at left,blue, red endorsement on face, very fine.

£60-80

This was the fourth company to own the BanagherDistillery since it was created in 1873 as it sufferedregularly from cash shortages and the bad yearsoutnumbered the good. This company closed Banagher in1899 to concentrate on the Dublin City Distillery butthis did not fare much better and the company waswound up in 1905.

435E.P. Cigarettes Ltd., a group of 6% debentures for£10 each, 19[13] (13 examples), large format, ornateborder, brown, generally very fine and better. (13)

£60-80

436Gas Light and Coke Company, £50 share, 181[2],no.1918, black printing, on vellum, red seal at left,signed by the secretary, vellum with yellowdiscolouration, very fine.

£120-150

437Gas 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.

£120-150



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438Gas 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.

£150-200

439General Printing & Publishing Co. Ltd., a group of£1 vendor’s share certificates (70), 187[3]. scrollworkat left, black, generally extremely fine. (51)

£220-250

440Grand Junction Water Works, £50 additional share,18[17], no.3553, black printing, on vellum, somediscolouration of the vellum, very fine.

£120-150

Incorporated in 1811 taking its water from the GrandJunction Canal at Paddington, later changing to theThames near Chelsea Hospital. Absorbed into theMetropolitan Water Board in 1902.

441Herne Bay Pier Co., certificate for one share, 184[2],no.1107, scrollwork at left, black printing, on vellum,blue paper seal at left, vellum a little crinkled fromshrinkage otherwise very fine.

£120-150

442Highgate Archway Company, £50 share, 18[13],no.1136, attractive black printing with red paper sealat left, a couple of small ink marks in centre, small nickout of top edge, 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 century.


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443Hope Insurance Company, £50 share certificate,London 1807, vignette of allegorical female(presumably Hope!) standing at the foot of a columnwith city in background, black on thick paper, smalllight brown stain, now crystallised, within the vignettebut very fine.

£100-120

444No lot

445Kent Life and Annuity Assurance Office, £50 share,18[08], no.1136, Kentish horse on shield flanked byallegorical figures at top left, black, on vellum, a fewlight stains at right but about very fine.

£150-200

446Liverpool Colquitt Street Tontine, one share,Liverpool 180[7], no.99, black printing, on vellum,only a single ink line through the signature ascancellation, good very fine and scarce thus.

£60-80

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

447Liverpool Colquitt Street Tontine, one share,Liverpool 180[7], no.17, black printing, on vellum,ink endorsement and cancellation, slightly discoloured,very fine; together with Hull and Selby Railway Co.,£25 or half share, 184[5], blue, good very fine; othercertificates from many countries (34), includingBanque Industrielle de Chine, 1913 issue; Mexico,Negociacion Agricola “La Sautena”, 1907, large mapvignette; Brazil Railway Co., £100 debenture, 1912;Netherlands Land Enclosure Co., 8% preferenceshares, 1855, and, several modern U.S.A. certificates,many very fine and better. (36)

£120-180



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448London Coliseum Limited, £5 shares, 1902, no.93,signed as director by Sir Oswald Stoll, blue, red inkendorsement at top, very fine.

£80-100

449London Electrical Cab Co. Ltd., a group of 9registered debentures of £20 each, 1899, large formatpieces with ornate border, black, good very fine. (9)

£80-100

450Marke Valley Consolidated Copper & Tin MiningCompany, £10 share, 184[2], no.50, scrollwork atextreme left, black, signed by three directors, extremelyfine and scarce.

£60-80

451Mediterranean Company for General Trade Ltd.,pair of certificates for 1 shilling founders’ shares and£5 ordinary shares, 19[24], both for about 10% of theshare capital, in the name of Cox & Co. Nominees,attractive printing by Waterlow & Sons, with vignettesof Sphinx, St. Paul’s Cathedral, palm trees and globe,blue and black respectively, very fine. (2)

£80-100

Although based in London this company was probablytrading with Egypt. We find no records in our library.

452Medway Steam Packet Company, one share of £2,18[38], no.499, lovely piece with vignette of paddlesteamer entering harbour, black on cream paper,extremely fine.

£240-280

The company was formed in 1837 to run steamers fromChatham to Sheerness. Their service ended during WWIwhen the admiralty took over their last 2 steamers. In1919 its assetts were acquired by the New Medway SteamPacket Co. Ltd. which extended the service andcontinued to operate until the 1960’s.


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453Nidderdale Lead Mining Co. Ltd., a group ofcertificates (25) for two preference shares of £1 each,186[5], vignette of bridge and entrance to the mine,black with pink underprint, several have edge splits andare somewhat brittle but many are extremely fine. (25)

£150-200

454Photochrom Company Ltd., a series of specimencertificates from the Bradbury, Wilkinson & Co.archive comprising 20 preference shares (no’s 0001-1500), 50 preference shares (no’s 1501-2100), 100preference shares (no’s 2101-2500), 50 ordinaryshares (no’s 2501-3100), and 100 ordinary shares(no’s 3101-3300), all with ornate borders, differentcolour underprints, with coupons, the 100 preferencehas a damp stain on the top right corner otherwiseextremely fine. (5)

£80-100

The Photochrom process of colour printing direct from ablack and white photograph was invented in Switzerlandin the late 1880’s and Photochrom Zurich was born. ThisEnglish company operated under licence from the Swisscompany. The heyday of the process came with theintroduction of picture postcards in the late 1890’s whichlasted until after the First World War.

455Polberro Tin Ltd., 2/6d shares, 19[39] and 19[40];Dolcoath Mine Ltd., 10/- shares, part paid, 19[23]and fully paid, 19[26], both with ‘valueless’ across facein ink; St.Asaph Zinc, Lead & Baryta Co. Ltd.,19[17]; Scremerston Coal Co. Ltd., ordinary andpreference shares, both 19[17]; Garswood HallCollieries Co. Ltd., 19[27]; Brunner Collieries Ltd.,ordinary and preference shares, both 19[12]; togetherwith other mining certificates (10), mostly coal, mixedcondition lot but many are fine to very fine. (20)

£120-150

456Radio Gram and Television Ltd., pair of certificatesfor ordinary & preference shares, 19[36], both no.1,the first for 100,000 shares of 1/- and the other for20,000 shares of 10/-, representing a large amount ofthe whole capital, ‘gramoradio’ logo at top, pink andgreen respectively, with red paper seals, good very fine.(2)

£80-100

457Railway Debenture Trust Company Limited, aspecimen 4% debenture stock certificate, 18- (circa1880), from the Bradbury, Wilkinson & Co. archive,attractive vignette of early steam train, black, greenunderprint, with counterfoil, extremely fine

£60-80

458Royal Horticultural Society, a £100 debenture,1861, no.371, a very large document printed in black,embossed revenue stamp, together with a transfercertificate and a related typed letter dated 1921, foxingoverall, about very fine.

£60-80

459Royal Panopticon of Science and Art, certificate forone share, 185[1], no.3687, very ornate border withsmall vignettes of allegorical figures, names of famousscientists in medallions such as Newton, Watt, Faradayand Davy, black, mauve embossed seal, archival repairon reverse, fine to very fine.

£80-100

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



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460Septimus Parsonage & Co. Ltd., £1 preferenceshares, 1898, no.1542, ornate border, scrollwork atleft, black, red seal, discolouration from official labelstuck at top margin, very fine; together with WestAustralian Mining Co. Ltd. 2 shilling shares, 1897,no.1702, good very fine. (2)

£60-80

461Sidmouth Harbour Company, certificate for 1 share,18[36], no.360, black printing, on vellum, hangingwax & paper seal, good very fine.

£120-150

Formed in 1836 to build a harbour enclosing 10 acres ofland at Chit Rocks. The foundation stones of the pierswere laid in 1837 but further stone was to be transportedby a small industrial railway built by the company.Troubled by lack of capital and a severe storm therailway and the harbour were never completed but someremains can still be seen today.

462Southampton Dock, capital stock certificate, Dockoffice, 1843, no.63, small format, red, good very fine.

£80-100

The first dock was built next to Town Quay the first stonebeing laid with much ceremony in 1838. The outer dockwas opened in 1843 which held the largest steamers of theday. The Titanic sailed from here on its fateful voyage in1912.

463Southport & West Lancashire Banking CompanyLtd., £5 5% preference shares, 18[82], no.172, smallcoat of arms in centre, scrollwork left, blue, slightlygrubby at far right, very fine and scarce.

£60-80

464Strand Bridge (Company of Proprietors of the),certificate for one share, London 18[09], no.1218,black printing on vellum, gold paper seal to leftdepicting bridge, some discolouration as usual withvellum, about very fine.

£200-300Designed by John Rennie and built between 1811 and1817. Its name was changed from Strand Bridge toWaterloo Bridge in 1816 following the defeat ofNapoleon the previous year. Opened by the Prince Regentin 1817. This structure was demolished in 1936 to makeway for the present bridge.

465Strand Bridge (Company of Proprietors of the),certificate for one share, London 18[09], no.1220,black printing on vellum, gold paper seal to leftdepicting bridge, good colour vellum, about very fine.

£200-300


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466Vauxhall Bridge Company, certificate no. 1872 forone share, 1826, black printing, on thick paper,unusual copper seal depicting Saxon warrior standingin front of the bridge, some discolouration at extremeleft, single centre crease, good very fine.

£150-200

467Vauxhall Water Works, share ticket no 41, 18-, hasbeen made out to the shareholder but not dated, circa1835, black and red printing, on vellum, paper seal atbottom, slight surface dirt, very fine.

£80-120

468West Middlesex Water Works, three certificates eachfor one share of £100, July 1813, no’s 3272, 3273 and3275, attractive black printing, on vellum, red paperseal, some discolouration as usual, very fine. (3)

£200-250

469Western District Bank Ltd., £10 shares, 187[6],no.593, ornate border, scrollwork left, blue, good veryfine. Established in 1875 but in liquidation by 1879.

£60-80

470York City and County Banking Company,certificate number B285 for £25 shares, fully paid,18[76], vignettes of York Minster and gates to theCity, black, capital increase to £650,000 overprintedin red, printed by Perkins, Bacon & Co., ink cancelledover signatures, tear at top edge (40mm) otherwise veryfine and scarce.

£80-100

Acquired by the London Joint Stock Bank which in turnmerged with the Midland Bank (now HSBC).



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LATIN AMERICA471A group of Latin American railway certificates,comprising; Brazil North Eastern Railways Ltd., firstdebenture stock, 19[12]; Cordoba Central RailwayCo. Ltd., 5% second debenture stock, 1922;Leopoldina Terminal Co. Ltd., stock, 19[37]; NitrateRailways Co. Ltd., deferred shares, 19[33]; SouthernSan Paulo Railway Co. Ltd., ‘A’ shares, 19[32], andVenezuela Central Railway Co. Ltd., £1 shares,19[20], mixed condition, fine to very fine. (6)

£60-80

472A group of Latin American railway certificates,comprising; Brazil Great Southern Railway Co. Ltd.,£100 debenture, 1886, tear at left; Brazil NorthEastern Railways Ltd., first debenture stock, 19[13];Compania del Ferro-carril Nacional del Ecuador Ltd.,£5 shares, 189[4]; Cordoba Central Railway Co. Ltd.,5% second debenture stock, 1921; LeopoldinaTerminal Co. Ltd., stock, 2 varieties, 19[09] and19[37]; Mexican Railway Co. Ltd., preference stock,19[13], valueless and lines in ink across face; NitrateRailways Co. Ltd., deferred shares, 19[28]; SouthernSan Paulo Railway Co. Ltd., ‘A’ shares, 19[32], andVenezuela Central Railway Co. Ltd., £1 shares,19[19] and £10 first debenture, 192[4], mixedcondition, fine to very fine. (11)

£100-120

473An accumlation of British companies operating inLatin America, 1880’s to 1930’s, some duplicationand including a few option certificates, bettercompanies noted are Bacis Gold & Silver Mines Ltd.,189[3]; Brazilian Rubber Plantations and Estates Ltd.,190[6]; Don Pedro Gold Mining Co. Ltd., 1888;Gold Mines of Guiana Ltd., 191[2]; MexicanCompany of London Ltd., 188[9]; New Chile GoldMining Co. Ltd., 188[7]; New Organos Gold MiningCo. Ltd., 189[0]; New Pinos Altos Co. Ltd., 18[93];Republic of Honduras Exloitation Syndicate Ltd.,1889[90]; San Jacinto Estate Ltd., 18[91]; TibagyDredging Co. Ltd., 188[5], and, Yuruari Co. Ltd.,188[8], mixed condition but many are fine and veryfine. (75)

£200-300

ARGENTINA

474Argentine Republic, Port of Buenos Aires 5%Debentures, 1899, a specimen £100/$504debenture from the Bradbury, Wilkinson & Co.archive, large format piece with Argentine arms at top,ornate border, black with pink underprint, withcoupons, small hole cancellations, extremely fine.

£80-100


Page 106


475Argentine 31⁄2% External Sterling Loan, a specimenbond for £20 from the Bradbury, Wilkinson & Co.archives, large format, coat of arms at top, ornateborder, black, yellow underprint ‘£20’, with coupons,about extremely fine.

£100-120

476Argentine 31⁄2% External Sterling Loan, a specimenbond for £100 from the Bradbury, Wilkinson & Co.archives, large format, coat of arms at top, ornateborder, black, blue underprint ‘£100’, with coupons,about extremely fine.

£100-120

477Argentine 31⁄2% External Sterling Loan, a specimenbond for £200 from the Bradbury, Wilkinson & Co.archives, large format, coat of arms at top, ornateborder, black, brown underprint ‘£200’, withcoupons, about extremely fine.

£100-120



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478Argentine Internal Loan, 1907, a set of specimenbonds from the Bradbury, Wilkinson & Co. archives,for $100, $500 and $1000 gold, countersigned by theFrench Banking Syndicate, large format, coat of armsat top, ornate borders, green, blue and red, withcoupons, centre folds, good very fine. (3)

£200-300

479Argentine Internal Loan, 1907, a set of specimenbonds from the Bradbury, Wilkinson & Co. archives,for $100, $500 and $1000 gold, countersigned byGerman banks, large format, coat of arms at top,ornate borders, green, blue and red, with coupons,folds, good very fine. (3)

£200-300

480Argentine Internal Loan, 1907, a set of specimenbonds from the Bradbury, Wilkinson & Co. archives,for $100, $500, $1000 and $5000 gold,countersigned by Baring Brothers and J.S.Morgan &Co., large format, coat of arms at top, ornate borders,green, blue, red and brown, with coupons, folds, goodvery fine and better. (4)

£300-400

481Argentine Internal Loan, 1907, a pair of specimenbonds from the Bradbury, Wilkinson & Co. archives,for $100 and $500 gold, without countersignatures,large format, coat of arms at top, ornate borders, greenand blue, with coupons, very fine and better. (2)

£150-200

482Argentine Republic, Treasury Bills, two sets ofspecimen Treasury Bills from the Bradbury, Wilkinson& Co. archive comprising 14th October 1933, £10,£100 and £1000 and 15th November 1933, £10, 100and £1000, all payable at Baring Brothers & Co. Ltd.,scrollwork at left, brown, red and black respectively,two cancellation holes in the signature area, withcounterfoils, extremely fine. (6)

£80-100

483Argentine Republic, 1937 31⁄2% Conversion Loan,a set of specimen bonds from the Bradbury, Wilkinson& Co. archive, for £100, £500 and £1000, very largeformat with coat of arms at top, ornate borders,brown, red and blue respectively, with coupons, allabout extremely fine and rare. (3)

£250-300


Page 108


484Argentine Republic, 1938, 41⁄2% Ten-Year SinkingFund External Loan, bond for $1000, a specimenfrom the American Bank Note Co. archives, allegoricalfigures flank coat of arms, red-brown and black,numbered 00000, overprinted SPECIMEN in red, goodvery fine

£80-100

485Argentine Republic 10-Year Sinking Fund 41⁄2%External Loan, 1938, a group of 5 $1000 bonds,Argentine arms at top, ornate border, brown andblack, with coupons from 1941, NOT cancelled, veryfine and better. (5)

£250-300

486Argentine Republic, 1939, 4% State RailwayBonds, 1st Issue, a set of specimen bonds from theBradbury, Wilkinson & Co. archive for £20, £100,£500 and £1000, very large format pieces with coat ofarms at top, ornate borders, orange, brown, blue andpurple respectively, with coupons, extremely fine andrare. (4)

£300-400

487Argentine Republic, 1939, 4% State RailwayBonds, 2nd Issue, a set of specimen bonds from theBradbury, Wilkinson & Co. archive for £100, £500and £1000, very large format pieces with coat of armsat top, ornate borders, green, red and bluerespectively, with coupons, extremely fine and rare. (3)

£200-300



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488Province of Buenos Aires, 1936, 3% ExternalSinking Fund Loan, $100 bond, a specimencertificate from the American Bank Note Co. archives,allegorical figures at top, brown and black, numbered00000 overprinted SPECIMEN over signature areas,good very fine

£80-100489Province of Entre Rios, 1885 6% Entre RiosCentral Railway Loan, a specimen bond for £100from the Bradbury, Wilkinson & Co. archives, largeformat, coat of arms at top, ornate border, black withblue underprint, with coupons, about extremely fine.

£100-120

490City of Santa Fé, 6% Loan, 1889, a group of bondsfor £100 (16), large format, ornate border, black,several endorsements on face, with coupons from1975; together with 1906 Funded Coupon Bonds for£25 each (25), similar format to the last, brown, blueunderprint, with coupons from 1975, mixed condition,many fine and a few very fine. (41)

£150-200


Page 110


491Banco Constructor de la Plata, a set of certificatesfor 1, 10 and 100 shares of 100 pesos, Buenos Aires1891, ornate design with lots of scrollwork and textfonts, brown, blue and blue-green, a couple of tiny edgenicks otherwise very fine and better. (3)

£100-150

492River Plate Pressure Meat-Preserving Co. Ltd., agroup of 68 certificates for £10 share, 1872, £3 paid,all but three examples overprinted ‘FULLY PAID UPSHARE, scrollwork at left, black, large embossed seal,generally very fine and better. (68)

£150-200

493Sociedad Anonima Indicador EléctricioAutomatico, a specimen certificate for 5 shares of 100pesos, Buenos Aires 1889, from the American BankNote Co. archives, lovely vignette of early stock ticker-tape machine top left, ornate border, orange andblack, with counterfoil, overprinted SPECIMEN insignature areas, about extremely fine.

£80-120

BRAZIL

494Brazilian 4% Loan of 1889, a specimen bond for£1000 from the Bradbury, Wilkinson & Co. archive,large format piece with ornate border, red and black,with coupons, almost extremely fine and a scarce earlyissue.

£100-120



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495United States of Brazil, Western of Minas RailroadCo., 5% Guaranteed Loan of 1893, a set ofspecimen bonds for £1000, £500 and £100, from theBradbury, Wilkinson & Co. archive, large formatpieces with ornate borders, Brazilian arms at top, red,blue and green respectively, with coupons, the firstwith creases otherwise about extremely fine. (3)

£250-300

496United States of Brazil, 5% Loan of 1895, aspecimen bond for £100 from the Bradbury,Wilkinson & Co. archive, large format piece withornate border, Brazilian arms at top, green and black,with coupons, overprinted specimen in red, annotated‘passed by N.M.Rothschild’ at bottom right, good veryfine.

£100-120

497United States of Brazil, 5% Funding Loan, 1900, aspecimen bond for £100 from the Bradbury,Wilkinson & Co. archive, large format piece withBrazilian arms at top, ornate border, green and black,with coupons, annotation at bottom ‘passed byN.M.Rothschild’ at bottom, almost extremely fine.

£100-120

498United States of Brazil, Railway GuaranteesRescission 4% Loan, 1902, a specimen £20 bondfrom the Bradbury, Wilkinson & Co. archive, largeformat piece with ornate borders, Brazilian arms attop, brown and black, with coupons, about extremelyfine.

£100-120


Page 112


499United States of Brazil, Railway GuaranteesRescission 4% Loan, 1902, Second Series, aspecimen £1000 bond from the Bradbury, Wilkinson& Co. archive, large format piece with ornate borders,Brazilian arms at top, red and black, with coupons,about extremely fine.

£120-150

500United States of Brazil, 4% Loan, 1910, a specimenbond for £100 from the Bradbury, Wilkinson & Co.archive, large format piece with coat of arms in top leftcorner, ornate border, green and black, with coupons,about extremely fine.

£80-100

501Government 71⁄2% Coffee Security Loan of 1922, aspecimen bond for £500 from the Bradbury,Wilkinson & Co. archive, ornate border with vignetteof coffee picking at top, brown and black, overprinted‘specimen’ in red, with coupons, extremely fine.

£100-120

502United States of Brazil, Central RailwayElectrification Loan of 1922, 30-Year 7% GoldLoan, pair of specimen bonds for $500 and $1000from the American Bank Note Co. archives, vignetteof ‘Apollo’ at top, Brazilian arms at bottom, green andbrown respectively, not numbered and not stampedspecimen, with coupons, about extremely fine and rare,(2)

£120-150



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503United States of Brazil, 61⁄2% Loan of 1927, aspecimen bond for £1000 from the Bradbury,Wilkinson & Co. archive, small coat of arms at top,ornate border, mauve and black, red circular specimenstamp at bottom, about extremely fine.

£100-120

504United States of Brazil, 5% 20-Year Funding Loan,1931, a specimen bond for £100 from the Bradbury,Wilkinson & Co. archive, large format piece withBrazilian arms at top, ornate borders, green, withcoupons, extremely fine.

£60-80

505State of Minas Geraes, 61⁄2% 30-Year ExternalSterling Loan of 1928, a specimen bond for £100from the Bradbury, Wilkinson & Co. archives, largeformat piece with State coat of arms at top, red andblack, with coupons, numbered 00000, small holecancel, about extremely fine.

£100-120

506State of Minas Geraes, 61⁄2% 30-Year ExternalSterling Loan of 1928, a specimen bond for £500from the Bradbury, Wilkinson & Co. archives, largeformat piece with State coat of arms at top, green andblack, with coupons, small hole cancels, good very fine.

£100-120

507State of Minas Geraes, 61⁄2% 30-Year ExternalSterling Loan of 1928, a specimen bond for £1000from the Bradbury, Wilkinson & Co. archives, largeformat piece with State coat of arms at top, blue andblack, with coupons, numbered 00000, small holecancel, about extremely fine.

£100-120


Page 114


508State of Para, 5% Sterling Loan, 1907, a specimenbond for £20, from the Bradbury, Wilkinson & Co.archives, large format piece with allegorical female attop, ornate border, mauve and black, numbered00000, small hole cancel, very fine.

£100-120

509State of Para, 5% Sterling Loan, 1907, a specimenbond for £200, from the Bradbury, Wilkinson & Co.archives, large format piece with allegorical female attop, ornate border, blue and black, numbered 00000,small hole cancel, very fine to extremely fine.

£100-120

510City of Santos 6% Internal Sterling Loan of 1910,a group of unissued bonds for £20 (8) and £100 (5),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. (13)

£250-300



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511City of Santos, 7% Funding Loan of 1915, a groupof unissued bonds for £10 (10), £20 (7) and £100 (7),from the reserve stock, large format pieces with text inEnglish and Portuguese, ornate borders, brown, greenand red respectively, printed by Waterlow & Sons,with all coupons, generally extremely fine and better.(24)

£350-450

512State of San Paulo, 1913, 5% Treasury Bonds, aspecimen bond for £1000, from the Bradbury,Wilkinson & Co. archive, large format piece withvignette of workers picking coffee beans, orange andblack, with coupons, numbered 000000, small holecancels over signatures, paper adhesion at left edge, goodvery fine.

£80-100


Page 116


513State of San Paulo, 6% Sterling Loan, a specimenbond for £100 from the Bradbury, Wilkinson & Co.archives, large format piece with coat of arms at top,ornate border, red and black, with coupons, aboutextremely fine.

£100-120

514Central Sugar Factories of Brazil Ltd., £20preferred shares, £5 paid, 188[2], coat of arms at top,attractive scrollwork left, black; together withArgentine Sugar Estate & Factories Ltd., £10 shares,first issue, 188[4], scrollwork left, black, both aboutvery fine. (2)

£60-80

CHILE

515Chilian 5% Loan of 1896, a specimen bond for £500from the Bradbury, Wilkinson & Co. archive, largeformat, Chilian arms at top, blue and black, withcoupons, extremely fine.

£100-120

516Chilian Government 5% Annuities, 1908, aspecimen bond for £100 from the Bradbury,Wilkinson & Co. archive, very large format piece withChilian arms at top, ornate border, blue and black,with coupons, extremely fine.

£100-120



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517Chilian 5% State Loan, 1911, a specimen bond for£20 from the Bradbury, Wilkinson & Co. archive,large format piece with Condor and 5 pointed star attop, ornate border, brown and black, with coupons,crease in centre, about extremely fine.

£80-100

518Republic of Chile, 1921, 20-Year Sinking Fund 8%Gold Loan, pair of specimen bonds from theAmerican Bank Note Company, $500 and $1000,coat of arms at top flanked by allegorical figures,brown and green respectively, numbered 00000 andoverprinted ‘SPECIMEN’ in red over signature area, withcoupons, some very slight age toning, good very fine andrare (2)

£120-150

519Chilian Government, 8% Sterling Loan of 1922, aspecimen bond for £20 from the Bradbury, Wilkinson& Co. archive, very large format piece with Chilianarms at top, ornate border, mauve and black, withcoupons, about extremely fine.

£80-100

520Banco Hipotecario de Chile, a specimen bond for10,000 pesos, Santiago de Chile 19- (circa 1910),from the American Bank Note Co. archives, threesmall vignettes of railway bridges and state building,orange and black, with counterfoil, good very fine.

£60-80


Page 118


COLOMBIA

5216% Colombian Loan, 1824, bond for £100, LetterA, no.2402, attractive engine turned border, black,with coupons, 1841 and 1845 endorsements on face,tone spots, a little damage to extreme top left border notaffecting the design, about very fine.

£150-200

COSTA RICA

522Costa Rica, Ferrocarril al Pacifico, a specimen bondfor 1000 pesos, San José 189-, from the AmericanBank Note Company archives, beautiful piece withcoat of arms in centre flanked by steam train at left andsteamship at right, portrait of Minor C. Keith atbottom, overprinted SPECIMEN in red, numbered0000, with coupons, very fine and rare.

£150-200

523Banco Internacional de Costa Rica, a specimen 8%mortgage bond for $100, San Jose 19- (circa 1916),from the American Bank Note Company archives,Costa Rican arms with bare breasted female figure attop, ornate border, green and black, overprintedSPECIMEN at bottom, with coupons, tri-folded otherwiseextremely fine.

£60-80



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CUBA

524Republic of Cuba, 41⁄2% External Loan, 1937, pairof bonds for US$100 no.5279 and US$1000,no.58650, group of allegorical figures at top, ornateborder, blue and green respectively, ABNCo., withcoupons, very fine. (2)

£80-100

525Republic of Cuba, 41⁄2% External Loan, 1937, pairof bonds for US$100 no.6026 and US$1000,no.11963, group of allegorical figures at top, ornateborder, blue and green respectively, ABNCo., withcoupons, very fine. (2)

£80-100

526Municipio de Cienfuegos, 5% Loan, 1906, aspecimen bond for $100 from the American BankNote Co. archives, coat of arms at top, ornate border,brown and black, numbered 00000 and overprintedSPECIMEN in red, with coupons, very fine

£80-100

527Compania Ferrocarriles del Norte de Cuba, a groupof 3 certificates each for 100 shares of 100 pesos,19[13], numbers 644, 648 and 750, steam train passestrack workers, ornate border, green and black, veryfine to extremely fine. (3)

£60-80


Page 120


528Cuba Northern Railways Company (Ferrocarrilesdel Norte de Cuba), 51⁄2% first mortgage gold bond,1927, US$1000, no.M10239, engineer working atfront of steam engine, goods crane and wagon ateither side, orange and black, printed by the HamiltonBank Note Co., with coupons, good very fine.

£60-80

529Cuba Northern Railways Company (Ferrocarrilesdel Norte de Cuba), a group of seven 51⁄2% firstmortgage gold bonds, 1927, US$1000, engineerworking at front of steam engine, goods crane andwagon at either side, orange and black, printed by theHamilton Bank Note Co., with coupons, a few withtiny edge tears, generally about very fine to very fine. (7)

£300-400

530Cuba Railroad Company, 1902 First Mortgage 5%50-Year Gold Bond, a group of 10 bonds forUS$1000, four are signed by W. Van Horne asPresident, steam engine top centre, ornate border,orange and black, with coupons, a couple with edgetears, one with damaged corner otherwise generally fineto very fine. (10)

£200-300



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531Cuba Railroad Company, Improvement andEquipment 5% 50-Year Gold Loan, 1910, a group of14 bonds for $1000, all signed by W. Van Horne asPresident, steam train passing station, ornate border,green and black, ABNCo., with coupons, one has largecut from careless removal of coupon, a few edge splits,fine to very fine. (14)

£150-200

532Cuba Railroad Company, First Lien and RefundingMortgage Gold Loan, series A, 1921, a group of 2bonds for US$100, and 8 bonds for $1000, steamtrain at top with workers in field at each side, ornateborder, green & black and slate blue & black,ABNCo., with coupons, the $100 both with numerousedge tears, only fine but rare, the $1000 generally fine tovery fine but one with damaged bottom edge, a few withedge splits. (10)

£140-180


Page 122


533Cuba Railroad Company, First Lien and RefundingMortgage Gold Loan, series B, 1926, a group of 6bonds for US$1000, steam train at top with workers infield at each side, ornate border, red and black,ABNCo., with coupons, some minor edge splits, fine tovery fine. (6)

£150-200

534Ferro-Carril de Guantanamo, a group of 5certificates for one share of 100 pesos, Santiago deCuba 18[77], steam train at top, black, all with red‘DUPLICADO’ in centre, stamped cancelled, some inkburning in the body of the certificates, otherwise very fineto about extremely fine. (5)

£150-200

DOMINICAN REPUBLIC

535Banque Nationale de Saint-Domingue, foundersshare, Paris 1889, no.6292, ornate border with goodsat dockside, village, cornucopia and arms ofSt.Domingo at top, brown and black with greenunderprint, with coupons, about extremely fine.

£60-80

ECUADOR

536Compania de Ferrocarril y Obras Publicas deGuayaquil, a specimen certificate for one share of 500sucres, 1888, from the American Bank Note Companyarchives, speeding steam train at top, black with ornategreen underprint and border, overprinted SPECIMEN atbottom, with counterfoil, about extremely fine.

£120-140



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EL SALVADOR

537Republic of El Salvador, 3% External Sinking FundSterling Loan, 1946, a set of specimen bonds for£20, £50 and £100 from the Bradbury, Wilkinson &Co. archive, large format, arms at top, ornate border,pink, orange and brown respectively, with coupons,printers annotation in top margin, good very fine orbetter. (3)

£150-200

538El Salvador, Banco Occidental, a specimencertificate for one share of $100, San Salvador circa1905, from the American Bank Note Companyarchives, coat of arms in centre flanked by allegoricalfigures, ornate border, green and black, overprintedSPECIMEN in red, with coupons, centre fold, good veryfine.

£80-100

539San Sebastian Gold Mining Co. (NY), $5 shares,188[5], no.197, miners at work above ground, black,blue underprint, red seal, mines in Santa Rosa, SanSalvador, good very fine.

£80-100


Page 124


GUATEMALA

540Compania de Agencias de Champerico Ltda, aspecimen certificate for 100 peso share from theAmerican Bank Note Co. archives, Quezaltenango1886, allegorical females to the left and top right, thelatter with paddle steamer in the background, red andblack, numbered 0000, stamped SPECIMEN at bottom,extremely fine.

£60-80

541Credito Hipotecario Nacional de Guatemala, 4%bond for 100 quetzales, 1935 and 3% bond for 100quetzales, 1939, specimen certificates from theAmerican Bank Note Co. archives, allegorical male attop, ornate borders, brown and red respectively,numbered 00000 and overprinted SPECIMEN atbottom, very fine to extremely fine. (2)

£100-120

HONDURAS

542Honduras Government Railway Loan, 1867, bondfor £100, no.1640, contracted by Bischoffsheim andGoldschmidt, large format piece, black, coupons ateither side with blue underprint, very fine.

£60-80



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543Paraiso Reduction Company (NY), $25 shares,18[84], no.83, mine buildings in centre, black, pinkunderprint, red seal, property in Yuscaran, Honduras.good very fine.

£80-100

544Santa Elena Mining Company (NY), $25 shares,188[4], no.232, miners underground, black with blueunderprint, red seal, mines in Yuscaran, Honduras,good very fine.

£80-100

545Gibraltar Mining Company (NY), $100 shares,18[87], no.A96, miners at work underground, black,pink underprint, red seal, mines in Yuscaran,Honduras, good very fine.

£80-100

MEXICO

546United States of Mexico, 4% Gold Loan, 1904,bond for US$1000 gold or £205.15s.2d, no.8209,Mexican eagle at top, ornate border, blue-grey andblack, text in Spanish, English German and French,with coupons and scrip certificate, top edge slightlydamaged but well away from the design, rust mark atextreme bottom edge, very fine.

£200-300


Page 126


547State of Chihuahua, 5% Loan, 1900, in aid of theCompania del Ferrocarril de Chihuahua al Pacific,$1000 silver, no.203, steam train at top, blue andblack, with coupons, about extremely fine and scarce.

£80-100

548City of Chihuahua, 5% Loan, 1910, bond for$1000, no.082, 600 issued, Mexican eagle at top,text in Spanish, English and French, green and black,with coupons, good very fine.

£60-80

549State of Coahuila de Zaragoza, 6% Interior Loan,first issue 1900, bond for $1000 United States gold,no.98, Mexican eagle at top, text in Spanish andEnglish, green and black, with coupons, very fine andrare.

£150-180

550City Council of Cordoba, 6% Loan, 1904, pair ofbonds for 500 pesos, no.0606 and 1000 pesos,no.0226, female artist at bottom, coat of arms at top,green and slate blue respectively, text in Spanish andEnglish, with coupons, good very fine and fine to veryfine, the second rare. (2)

£150-200



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551San Luis Potosi, 6% Loan for the Construction ofthe Market Hall of Porfirio Diaz and Colon, 1890,a specimen bond for $100, from the American BankNote Company archives, Mexican eagle at top, ornatebrown and black printing, text in Spanish and English,with coupons, some splitting at folds in centre, very fine.

£120-150

552Ferrocarril de Mexico a Guernavaca y el Pacifico,State of Morelos, 1000 silver peso bond, 1898,no.105, steam trains at top corners, black and red withgreen underprint, with coupons, long split at centrefold, left edge with chips and splits, fine to very fine andrare.

£80-100

553Mexican International Railroad Company, 41⁄2%Prior Lien Sterling Loan, 1897, a specimen bondfor £100, from the American Bank Note Companyarchives, steam train in centre, Mexican eagle at left,bald eagle at right, slate blue and black, overprintedSPECIMEN in red, numbered 00000, with coupons,good very fine.

£150-200

554Banco de San Luis Potosi, ‘bono fundador’, no. 186,1897, coat of arms in centre, yellow and black, withcoupons, small edge tear otherwise nearly extremelyfine.

£60-80


Page 128


555Banco de San Luis Potosi S.A., $100 share,no.2144, 1897, coat of arms at top, green and black,with coupons, overstamped with endorsement of partrepayment in 1903, about extremely fine.

£60-80

556Tehuantepec Company, 7% Loan, 1853, bond for£250, no.679, very attractive piece with numerousvignettes, black with red ‘$250’ in centre, withcoupons, good very fine.

£150-200

557Tehuantepec Company, 7% Loan, 1853, bond for£250, no.701, very attractive piece with numerousvignettes, black with red ‘$250’ in centre, withcoupons, good very fine.

£150-200

558Cuyutlan Gold Mines Company, certificate for 25shares of $1, 191[3], no.796, vignette of Napoleon,black, good very fine.

£200-300

Company incorporated in Maine but owned mines inMexico.

PANAMA

559Republic of Panama, 30-Year 61⁄2% Gold Loan,1926, a specimen bond for $500 from the AmericanBank Note Company archives, Panama coastline withallegorical figures in centre, ornate border, orange andblack, not numbered, no coupons, extremely fine.

£80-100

PERU560Peruvian Mining Company, certificate for one share,London 1825, no.4585, issued to David BarclayChapman, plain format piece, black, extremely fine.

£80-100



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POYAIS

561Poyaisian 3% Consolidated Stock, £250 bond,1827, no.212, signed by Gregor MacGregor, coat ofarms at top, pink and black, with coupons, somesplitting along folds, old tape repairs on the reverse, fine.

£60-80

PUERTO RICO562Puerto Rico, 31⁄2% Loan of 1935, series A, IrrigationExtension, a group of bonds for $1000 (3), datedWashington 1936, vignette of the Columbus Cross atAguadilla at left, green and black, with coupons,numerous hole cancellations, otherwise very fine toextremely fine. (3)

£200-300

URUGUAY

563City of Montevideo, 6% Southern Boulevard Loan,1926, $1000 bond, a specimen certificate from theAmerican Bank Note Co. archives, allegorical figure attop, orange and black, with coupons, numbered00000 in blue, overprinted SPECIMEN in red, split atfolds at top and bottom, fine to very fine.

£80-100

564Athenaeum of Uruguay, a share for 30 pesos in theloan for the building of the Athenaeum, Montevideo188[2], no.241, allegorical figures in centre, attractiveblack and red printing, slight foxing and split at folds,fine to very fine and scarce.

£60-80


Page 130


565Banco Hipotecario del Uruguay, 5% mortgagebond, 5,000 pesos, 194-, a specimen, printed byWaterlow & Sons Ltd., head of gentleman at top,possibly the founder, ornate border, pink and black,text in Spanish, French and English, with coupons,overprinted SPECIMEN in blue, small hole cancels, twofolds, very fine to extremely fine.

£60-80

VENEZUELA

566Venezuela, 3% Diplomatic Debt, 1905, issued in1906 for unification and conversion of theConsolidated Debt of 1881 and the 5% Loan of 1896,a group of 3 specimen bonds from the Bradbury,Wilkinson & Co. archive for £100 and £500 andanother £100 with redemption overprint, huge formatpieces with text in four languages, brown, brown andblue respectively, with coupons, the last is damaged atthe top edge affecting the design, others very fine. (3)

£100-120



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RUSSIA

COLLECTIONS AND LOTS567A large quantity of Russian bonds, comprisingArmavir-Touapse Railway Co., 1909, £500 (3), £20(10), £100 (24), and 1913, £100 (17); City of Kieff(Municipal Electric Tramway), 5% loan 1914, scripcertificates for £20 (32), £100 (17) and £500 (1); Cityof Moscow, 41⁄2% Loan, 1912, £20 bonds (44) and£100 (14); City of St.Petersburg, 1913, £100 bonds(14); City of Nicolaeff, 5% Loan, 1912, £20 bonds(10); City of Moscow, 1908, £20 (1) and £100 (9);Russian South Eastern Railway, 1914, £20 (1), £100(8), and others (5), mixed condition with somedamaged, many fine and very fine and a useful lot.(210)

£400-500

568A large group of Russian bonds comprising; 1889,4% Consolidated Railroad Bonds, 125 roubles (85),625 roubles (6) and 1250 roubles (50), all 1st or 2ndseries; 1890 4% Gold Loan, 2nd issue, 3125 roubles,625 roubles (4) and 125 roubles (5); 1906 5% StateLoan, 1875 roubles (50), 937.50 roubles (100); 1908North Donetz Railway, 187.50 roubles (77), lackingcoupons, and, 1909 41⁄2% State Loan, 2500 francs(100), mixed condition but many are very fine andextremely fine. (478)

£600-800

GOVERNMENT LOANS

5691817/18 6% Perpetual Annuities, a bearercertificate for 500 roubles, issued 1864, 4th series,no.35299/, Imperial eagle, black, Russian on theobverse, French on the reverse, with coupons, goodvery fine.

£120-150

x5701822 5% ‘Rothschild’ Loan, bond for 720 roubles or£111, no.6909, handsigned by Nathan Rothschildas Contractor, double headed eagle at top, black, onpoor quality paper, with two red handstamps fordelivery of new coupon sheets in Russia, ragged leftedge, some splits at folds with light repair on the reverse,fine.

£60-80

5711822, 5% ‘Rothschild’ loan, bond for 720 roubles or£111, handsigned by Nathan Meyer Rothschild asContractor, double headed eagle at top, black, onpoor quality paper, with talon, a few folds and almostseparated across centre, fine to very fine.

£80-100

5721822, 5% ‘Rothschild’ loan, bond for 720 roubles or£111, handsigned by Nathan Meyer Rothschild asContractor, double headed eagle at top, black, onpoor quality paper, with talon, a few folds, slightseparation in centre but very fine for this issue.

£80-100


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5731822, 5% ‘Rothschild’ loan, bond for 960 roubles or£148, handsigned by Nathan Meyer Rothschild asContractor, double headed eagle at top, black, onpoor quality paper, with talon, heavy folds, fine.

£100-120

5741822, 5% ‘Rothschild’ loan, bond for 3360 roublesor £518, handsigned by Nathan Meyer Rothschildas Contractor, double headed eagle at top, black, onpoor quality paper, with talon, a few folds but very finefor this issue and a scarce denomination.

£200-250

x575Imperial Russian Government, 51⁄2% Loan, 1916,bond for $1000, no.22593, double headed eagleflanked by allegorical females, green and black, withcoupons, together with a French Rente Viagères,February 1781, contract plus vellum quittance, topright corner missing, and an unissued certificate ofCompagnie Internationale des Wagons Lits, 1929,generaly very fine. (3)

£70-90



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576Imperial Russian Government 5-year 51⁄2% Loan,1916, a group of 9 bonds for $1000, double headedeagle flanked by female allegories, green and black,printed by the American Bank Note Co., withcoupons, very fine and better. (9)

£350-400

577Russian 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

CITY LOANS

578City of Nikolaef, 5% Loan, 1912, bond for £500,no.0037, coat of arms at top, ornate border, red andblack, with coupons, small edge tear at right, good veryfine.

£120-150

579City of Nikolaef, 5% Loan, 1912, a pair of bondsfrom the second issue, for £20 and £100, coat of armsat top, ornate border, brown and blue respectively,with coupons, good very fine and about very fine. (2)

£80-100

580City of Nikolaef, 5% Loan, 1912, a group of 3bonds for £20 from the scarce second issue, coat ofarms at top, ornate border, brown and black, withcoupons, small edge nicks, fine to very fine. (3)

£80-100


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x581City of Nikolaef, 5% Loan, 1912, pair of bonds fromthe scarce second issue for £20, 400 issued, and £100,265 issued, arms at top, ornate borders, brown andblue respectively, with coupons, good very fine toextremely fine. (2)

£100-120

582City of Nikolaef, 5% Loan, 1912, a £500 bond fromthe rare second issue, no. 0263, of only 14 issued ofthis series, ornate border, red and black, arms at top,with coupons, edge tear at right, about very fine andrare.

£400-500



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583City of St. Petersburg, 41⁄2% Loan, 1891, bond for500 roubles, no.10073, City arms at top, blue andblack, with coupons, endorsement at top left, good veryfine.

£80-100

584City of St. Petersburg, 41⁄2% Loan, 1913, scripcertificate for £1000, no.246, ornate border, green,stamped FULLY PAID, printed by Waterlow & Sons,spike holes at top, creased, fine but rare.

£80-100

585City of St. Petersburg, 8th Loan, 1913, a set ofbonds comprising £1000, no.477, £500, no.637,£100 and £20, ornate borders, various colours, withcoupons, small edge tear on £1000 otherwise good veryfine and better. (4)

£300-400


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586City of Saratoff, III, IV, V and VI Loans, 1909, agroup of 10 bonds for 937.50 roubles or 2500 francs,coat of arms at top, mauve and black, with coupons,generally about extremely fine. (10)

£200-250587City of Vilna, 5% Loan, 1912, a group of 30 bondsfor £20, consecutively numbered 4641 to 4670, largeformat, coat of arms at top, ornate border, red andblack with yellow underprint, with coupons, extremelyfine and scarce. (30)

£400-500



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588City of Wilno (Vilna), 5% Conversion Loan, 1931,bond for £100, no.0241, ornate border, green andblack, red duty stamp and blue duty paid stamp, withcoupons, good very fine and scarce.

£80-100

589City of Warsaw, 5th Loan, 1st series, 1896, bondfor 100 roubles, no.34923, and 2nd series, 1901,no.45035, ornate borders of water pipes and vignetteof the city, brown, yellow underprint, the first withcoupons, very fine. (2)

£120-150

590City of Warsaw, 41⁄2% 6th Loan, 1899, bond for100 roubles, no.38215, lovely vignette of the newmarket hall with shoppers at left and produce at right,multicoloured, with coupons, slight ink smudge at topright, good very fine.

£80-100

591City of Warsaw, 41⁄2% 6th Loan, 1899, bond for500 roubles, no.37111, lovely vignette of the newmarket hall with shoppers at left and produce at right,blue and black, with coupons, only 600 issued, aboutvery fine and rare.

£120-150

592City of Warsaw: A group of 3 Conversion bondsissued to replace issues of the Russian Governmentprior to 1917 comprising 6% 8th loan, 1930, bond for142 zloty; 41⁄2% 4th loan, 1931, 66.50 zloty, and 41⁄2%Loan, 1931, to replace the French portion of the 7thloan, 284 francs, all have city views in bottom corners,with coupons; together with a scrip certificate for theCity of Perm 5% Loan of 1914, £100, mauve, aboutvery fine and better. (4)

£80-100


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RAILWAYS593Armavir-Touapse Railway Co., 41⁄2% Loan, 1909, agroup of 100 bonds for £100, ornate border, blue andblack, with coupons, mixed condition, fine to very fine,a few better. (100)

£400-500

594Armavir-Touapse Railway Company, 41⁄2% Loan,1909, bond for £500, no.00960, ornate border, redand black, with coupons, extremely fine.

£80-100

595Baltic Railway Company, certificate for 1 dividendshare, 1872, small vignette of steam train in centralmedallion, brown and black, text in Russian andGerman, with coupons, top left corner missing justtouching the design, good fine.

£60-80

596Black Sea Kuban Railway Company, 41⁄2% Loan,1911, a group of bonds for £20 (70) and £100 (5),ornate border, orange and blue respectively, withcoupons, one of the £100 bonds has edge tears otherwisegenerally very fine to extremely fine. (75)

£250-350

597Dvinsk-Vitebsk Railroad, 4% bonds 1894, a groupof bonds for 125 roubles (approximately 300), ornateborder with Russian arms at top, red and black, withcoupons, mostly very fine and extremely fine. (approx.300)

£400-600



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598First Union Tramway Company of Moscow, certificate for 10 bonds of 100 roubles each, Moscow 1895, no.8076-8085, ornate border, pink and black, no coupons remain, slightly uneven left edge where coupons removed, very fine and rare.

£1,200-1,500


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599Kahetian Railway Company, 41⁄2% Loan, 1912,bond for £500, no.C28546, of only 300 issued,ornate border, red and black, with coupons, almostextremely fine.

£80-100

600Kahetian Railway Company, 41⁄2% Loan, 1912,bond for £500, no.C28547, of only 300 issued,ornate border, red and black, with coupons, almostextremely fine.

£80-100

601Kokand Namangan Railway Company, 41⁄2% Loan,1910, a group of 10 bonds for £100, blue and black,with coupons, extremely fine to about uncirculated.(10)

£80-100

602Kokand Namangan Railway Co., 41⁄2% Loan, 1910,a group of 33 bonds for £100, together with TroitzkRailway Co., 41⁄2% Loan, 1910, a group of 14 bondsfor £100, all with ornate borders, blue, with coupons,mixed condition, fine to very fine, many better. (47)

£200-300



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603Kokand Namangan Railway Company, 41⁄2% Loan,1910, bond for £500, no.C8578, of only 80 bondsissued, ornate border, red and black, red impressedduty stamp, with coupons, small edge tears at top,bottom and right, very small piece missing from top rightcorner, the body of the piece still about very fine, veryrare.

£400-500

604Nicolas Railroad, a group of approximately 500bonds of 125 roubles, nearly all of which are the 1867issue, coat of arms at top, ornate border, black, withcoupons, mixed condition but many are very fine andbetter. (approx. 500)

£700-900

605Russian South Eastern Railway Company, 41⁄2%Loan, 1914, a group of 21 bonds for £100, ornateborder, blue and black, with coupons, very fine toextremely fine. (21)

£100-150


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606Société du Chemin de Fer Secondaire de Novozybkof (Nowozybkow Zufuhrbahn-Ges.), 41⁄2% bond for 1000 roubles,St. Petersburg 1899, no.0768, ornate border, red and black, text in Russian, French and German, with coupons, very fineand rare.

£800-1,000



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607Troitzk Railway Company, 41⁄2% Loan, 1910, agroup of 10 bonds for £100, ornate border, blue andblack, with coupons, all about uncirculated. (10)

£80-100

608Troitzk Railway Company, 41⁄2% Loan, 1913, bondfor £500, no.61410, ornate border, red and black,with coupons; together with Kokand NamanganRailway, £100, Troitzk Railway, 1910, £100 and Cityof Kieff, 1914, £100, good very fine and better. (4)

£100-120

609Wladikavkas Railway Company, 4% Loan, 1900,US$1000 bond, no.6519, ornate border, red andblack, with coupons, couple of small edge splits at folds,fine to very fine.

£80-100

610Wolmar Railway Company, 41⁄2% Loan, 1910,bond for £100, 4955, coat of arms at top left, blue andblack, with coupons, good very fine and scarce

£60-80


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BANKS AND COMPANIES

611Banque Fonciére du Gouvernement de Kherson,41⁄2% mortgage bonds for 100 roubles, series 16, 1909,500 roubles, series 5, 1898 and 1000 roubles, series17, 1910, peasants in wheat field in centre, brown,blue and red respectively, text in Russian on the frontsbut with French and some Hebrew on the reverse,with coupons, the 500 has a stain in the centre otherwisevery fine or better. (3)

£100-120

612Kharkov Commercial Bank, 100 rouble share, 2ndissue, 1872, no.5621, ornate border, mauve and black,text all in Russian, no coupons remaining, small stainand tear at left edge otherwise very fine and rare.

£500-600

613Mugrevo-Spirovskoe Forestry Association, 2000rouble share, Moscow 1908, no.230, of only 350issued, ornate border, blue and black, with coupons,very light damp stain at right, hardly noticeable,extremely fine.

£180-220



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x614Nobel Brothers Petroleum Production Company,certificate for 2 shares of 250 roubles, 1911 issue,no.47519-47520, ornate border, red and black, withcoupons, a couple of repaired edge tears otherwise veryfine and a rare certificate from this famous oil company.

£200-300

615Russian and English Bank, preliminary certificate tobearer for one share of the 3rd issue, Petrograd 1916,no.343, ornate border, black and red on pale greypaper, text in Russian and English, good very fine andscarce.

£60-80

616Russian-Canadian-American Passenger Agency,one share of £50, Moscow 1924, no.326, of only 400issued, ornate border, mauve and black with greenunderprint, text in Cyrillic and English, no coupons,extremely fine.

£150-200

617Société Anonyme de la Brasserie D’Odessa, 250rouble share, 2nd issue, 1899, no.2082, ornateborder, brown and black, red endorsement on face,lacks coupons, good very fine.

£400-500

Only 800 of these issued, numbered 1601 to 2400.


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618Société de la Brasseries de Kiew, 500 rouble share,1873, 4th replacement certificate 1904, no.682,ornate border, blue and black, with coupons, extremelyfine.

£300-400

As is often the case with Russian shares and bonds, whenthe first sheet of coupons (10 years in this case) isexhausted the whole certificate is replaced rather thanjust the coupon sheet.

619Upper Trading Rows Union in Red Square, 5%bond, 200 roubles, 2nd series, Moscow 1891, no.460,ornate border, yellow and black, one couponremaining, good very fine and rare.

£400-500

The famous store GUM on Red Square in Moscow was infact a shopping mall of some 1200 individual shops by1917. In the 1890’s when completed it was known as theUpper Trading Rows. Another similar mall adjacentwas known as the Middle Trading Rows. This companywas the Union of those individual businesses.

BRITISH COMPANIES IN RUSSIA620A small group of British Companies working inRussia; some duplication, includes Orsk GoldfieldsLtd., 19[24]; Anglo Maikop Corporation Ltd.,19[20], and, Irtysh Corporation Ltd., optioncertificates, 191[4], 3 examples, mixed condition,many fine and better. (18)

£80-100

621A useful collection of Russian Oil companies, all British registered comprising Anglo-MaikopCorporation Ltd., £1 ordinary shares, 191[0], plainearly issue, scarce, £1 ordinary shares, 19[11], twoexamples, part paid, brown, and fully paid, blue, withattractive vignette of oilfield at top left; BakuConsolidated Oilfields Ltd., ‘A’ and ‘B’ shares, both19[19]; Baku Russian Petroleum Co. (1909) Ltd.,19[10], vignette of oilfield at top centre; Black SeaAmalgamated Oilfields Ltd., 191[5]; Black Sea OilFields Ltd., 19[11]; Emba Caspian Oil Co. Ltd.,191[9], with capital overprint and 192[8]; Maikopand General Petroleum Trust Ltd., 191[0]; MaikopOrient Oil Co. Ltd., [1911]; Maikop Pipeline andTransport Co. Ltd., deferred shares, [1910], ordinaryshares, [1911] and [1913] with increased capital;Maikop Valley Oil Co. Ltd., 191[0]; SchibaieffPetroleum Co. Ltd., preference shares, 189[9], and,Spies Petroleum Co. Ltd., 19[34], generally fine, a fewbetter. (18)

£220-280

622Anglo Russian Cotton Factories Ltd., £10 shares,[1914], no.223, ornate border with scrollwork at leftindicating ‘Petroffsky 1842’, ‘Schlusselburg 1864’,and, ‘Spassky 1869’ in scrollwork, blue, small ink spot,good fine and scarce.

£60-80

This is the first time the cataloguer has seen a registeredshare of this company. The 1897 debentures are wellknown and until recently were redeemable at par pluscompound interest . The company is now in the finalstages of liquidation.



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623Anglo-Russian Cotton Factories Ltd., a group of314 Second Charge debentures of £100, 1897, mosthandsigned by Evelyn Hubbard or W.C.Hubbardas director, ornate border, blue with pink underprint,with coupons, neatly cancelled by rubber stamp on thereverse, generally very fine and better. (314)

£2,500-3,000

624Anglo-Russian Cotton Factories Ltd., 243 1stdebs, a group of 243 First Charge debentures of£100, 1897, most handsigned by Evelyn Hubbardor W.C.Hubbard as director, ornate border, brownwith green underprint, with coupons, neatly cancelledby rubber stamp on the reverse, generally very fine andbetter. (243)

£2,000-2,500


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These two lots are being sold on behalf of the liquidator of this company and all proceeds will go to their chosen charity.

The company owned large factories in St. Petersburg which, like most other foreign owned properties, wereconfiscated following the October Revolution. Unlike many of the companies which were immediately

liquidated this company remained in existence and was fortunate to receive a large amount of compensationfrom the Foreign Compensation Commission a few years ago when certain deals were struck between theRussian and British Governments. The company’s accountants then set about trying to find holders of thebearer debentures so that they could be paid out accordingly. Holders were fortunate enough to receive theface value of the bonds plus interest from 1917! These two lots represent the total number of debentures

presented for payment and the company has now been fully liquidated and its affairs wound up. Thedebentures have been neatly cancelled and collectors will be able to benefit from their sale.


625European Petroleum Co. Ltd., a set of specimenbearer share certificates for 5, 10 and 25 shares of £1,printed by W.W.Sprague & Co., all 189-, large formatpieces with vignettes of oilfield and storage tanks,ornate borders, green, brown and orange, overprintedspecimen in red, with coupons, lightly toned, very fineand better. (3)

£120-150

626European Petroleum Co. Ltd., a specimen £100debenture, 1906, printed by W.W.Sprague & Co.,large format piece with vignettes of oilfield and storagetanks, ornate border, brown and black with pale greenunderprint, overprinted specimen in red, withcoupons, lightly toned, good very fine.

£60-80

627Nerchinsk Gold Co. Ltd., a group of 4 certificatesfor £1 shares, 18 shillings paid, 19[03], no.438, fullypaid, three examples dated 19[07] and 19[08], no’s4190, 4288 and 4978, ornate border, mauve, text inEnglish with a small amount of Cyrillic in the topmargin, fine to very fine. (4)

£80-100

628New Central Siberia Ltd., a specimen £50debenture, 19- (circa 1915), printed by W.W.Spragueand Co., ornate border, brown and black, redoverprint SPECIMEN, light toning but about extremelyfine.

£100-120



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629Orsk Goldfields Ltd., a pair of certificates for £1ordinary shares, 19[30], no.4860 and 5/- preferenceshares, 191[30], no.1519, ornate borders, blue withpink underprint and black with green underprint, veryfine. (2)

£60-80

630Russian General oil Corporation (Société GeneraleNaphthifère Russe) Ltd., a large group of 400 bearerwarrants for 25 shares of £1 each, 19[13], ornateborder with allegorical female seated at left, orangeand black, text in English. French and Cyrillic, withcoupons, several endorsements on face, mostlyextremely fine to uncirculated. (400)

£800-1,200

631Russian Petroleum & Liquid Fuel Company Ltd.,a group of certificates comprising £1 preference shares(4), 189[00] or 189[01], green, scrollwork at left; £1ordinary shares (4), 19[01] to 19[10], black and £1preference shares (4), 19[02] to 19[07], green, detailsof shareholding at left, all printed by Waterlow &Sons, fine to very fine. (12)

£200-250

632Russian Tobacco Co. Ltd., a group of bearercertificates for 1 share (3), 5 shares (1), 25 shares (1),50 shares (4) and 100 shares (41), all with allegoricalfemale at top, ornate borders, various colours, printedby Waterlow & Sons, Ltd., with coupons, mixedcondition but many very fine and better. (50)

£200-250

633Ural Caspian Oil Corporation Ltd., £1 ordinaryshares, fully paid, 191[2] and 191[3], no’s 6208 and7686, ornate border, blue and black, capital £1million; together with £1 ordinary shares, 19[19],no.17206, black, capital £2 million, with originalenvelope, very fine and better. (3)

£120-150


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UNITED STATES OF AMERICA

COLLECTIONS AND LOTS634A group of mining and land companies comprisingBoulder-London Gold, Land and Oil DevelopmentCo. (CO), $1 shares, 190(3), vignette of oilfield, redand black, printed by Goes, small edge tears, fine to veryfine; together with other American certificates (5),comprising Seven Stars Gold Mining Company (NJ),$5/£1 shares, 189(3), blue; Virtue ConsolidatedMines (OR), $1 shares, Montreal 189(9), underprintvignette of miners underground, green and black (2examples); Poorman Gold Mines Limited, 2 shillingshares. 19(00), black, and, Cumberland River EstatesLtd., Stewart County, Tennessee, £1 shares, 189(6),blue, the last two are English companies, slight soilingon folds but generally fine to very fine. (6)

£60-80

635A small group of American and Canadiancertificates comprising Canada Southern Railway Co.$1000 registered bond 18-, only partly issued, signedby Cornelius Vanderbilt; American Merchants UnionExpress Co., 1869, signed by William Fargo; NovaScotia Land and Gold Crushing and AmalgamatingCo. Ltd., £2 shares, 1863 (2 examples); Citizens Bankof Reading, 1894; First National Bank of the City ofBrooklyn, and, Bank of Charleston, 1879, mixedcondition but mostly very fine. (7)

£100-120

636A small group of early American certificates,comprising Lewisburg Bridge Company, one share,18[18]; Hartford Bridge Co., one share, [1809];Bedford & Stoystown Turnpike Road Co., one share,1824, and, a group of 5 unissued certificates for sharesin the Rome Turnpike Company, circa 1820, allprinted in black, one or two edge chips but generally veryfine and better. (8)

£140-180

637A collection of United States railway and tramwaycertificates (34), many 19th century, a few unissued,mostly with vignettes, includes Lake Ontario ShoreRail Road Co., $500 bond, 1871, and SyracuseNorthern Railroad Co., $100 bond, 1870 issued bythe town of Sandy Creek, many are cancelled andseveral with counterfoil reglued at left, generally veryfine. (34)

£150-200

638A quantity of American certificates comprising,Golden Sands Placer Company (AZ), $5 shares, 1904(4); Ruby Gold & Copper Co. (AZ), $10 shares, 1903(2); British California Oil Co. (CA), $1 shares, 1902(4); Virginia Land Company, 1891(4); InternationalMatch Corporation, 1930 (17 examples, 3 types);Philadelphia and Reading Coal & Iron Corporation,1926 (18); Ray Copper Mines Ltd., 1899, and,United States Lumber and Cotton Co., 1912 (11),generally very fine and better. (61)

£220-250

CONFEDERATE STATES OF AMERICA639A small selection of Confederate bonds, comprisingBall 3, 6 this with corner missing and stained, 74, 101,toned, 192, 280, 323 (2 examples), generally aboutvery fine unless stated. (8)

£200-300

640A small collection of Confederate bonds (10), alldifferent, many with vignettes, generally very fine orbetter and a good lot. (10)

£250-300

641Act of January 29th 1863, 7% Cotton Loan, bondfor £100 or F2, 500, noD2192, signed by EmileErlanger as contractors, allegorical female with flagand bales, text in English and French, black, grey-brown underprint to coupons (Ball 157), good veryfine.

£200-250



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642Act of January 29th 1863, 7% Cotton Loan, bondfor £100 or F2, 500, no.744, signed by EmileErlanger as contractors, allegorical female with flagand bales, text in English and French, black, grey-brown underprint to coupons (Ball 157), good veryfine.

£200-250

643Act of January 29th 1863, 7% Cotton Loan, pair ofbonds for £100 or F2,500, and £200 or F5,000, bothsigned by Emile Erlanger as contractors, allegoricalfemale with flag and bales, text in English and French,black, grey-brown underprint to coupons (Ball 157,158), both have an ink stain at the top left just by thedenomination box and much smaller one in theequivalent bottom section. (2)

£200-300

644Act of February 20th 1863, 8% Loan, RedeemableJuly 1868, a group of $1000 bonds (28), JeffersonDavis left, view of Richmond to the right, black onpale blue-grey paper, with coupons (Ball 201), mixedcondition with a few damaged, several are trimmed onall edges, some very fine. (28)

£400-500

645Act of February 20th 1863, 7% Loan redeemableJuly 1868, a group of $500 bonds (8), soldierwarming hands over camp fire in centre, with coupons(Ball 220), two with small holes in body, generally fine tovery fine. (8)

£220-250

646Act of February 20th 1863, 7% Loan, redeemableJuly 1868, a group of $1000 bonds (41), ‘Stonewall’Jackson in centre, black on pink paper, with coupons(Ball 221), over half are trimmed on all edges, mixedcondition, many very fine. (41)

£600-700

647Act of March 23rd 1863, 6% Loan, redeemableApril 1893, a group of bonds for $100 (14), CustomsHouse in centre, black, with coupons (Ball 260), alovely group in generally extremely fine condition. (14)

£400-500

648Act of March 23rd 1863, 6% Loan, redeemableApril 1893, a group of bonds for $100 (1), $500 (1)and $1000 (12), Customs House in centre, black, withcoupons (Ball 260, 261 & 266), generally very fine.(14)

£400-500

649Act of March 23rd 1863, 6% Loan, redeemableApril 1893, a group of bonds for $1000 (24),Customs House in centre, black, with coupons (Ball264), some with tone spots, generally very fine. (24)

£500-700


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£500-700


£500-700

652Act of March 23rd 1863, 6% Loan, redeemableApril 1893, a group of bonds for $1000 (13),Customs House in centre, black, with coupons (Ball266), all with two small spike holes in top marginotherwise a lovely group in generally extremely finecondition. (13)

£400-450

653Act of April 30th 1863, 6% Loan, RedeemableJune 1883, a group of bonds for $1000 (7), signed byTyler (4) and signed by Jones (3), vignette of JamesSeddon, black, with coupons, the Jones pieces arefrom different printing plates, two of which have adistinct letter ‘Z’ in the bottom right corner, which areunlisted in Ball (Ball 280 + var), very fine and better.(7)

£180-220

654Act of February 17th 1864, 6% Loan, a group ofbonds comprising First series, $100 (2) and $1000;Second series, $100 (8), Fourth series, $500 (5), allwith equestrian statue of George Washington incentre, black, pink underprint, with coupons, mixedcondition, some with edge tears, some fine and very fine.(16)

£400-500

STATE LOANS

655State of Georgia, 7% Loan created August 19th1861, bond for $500, 1862, no.4873, rather crudeblack printing with dockside scene at left and battlescene at right, State seal in centre, with coupons(CR.61B), tear at fold along top edge, good fine.

£60-80

656State of Georgia, 7% gold bond, 1870, no.10, signedby the Governor, Rufus Brown Bullock, State armsin centre flanked by allegorical females, goods atdockside and being unloaded from wagon, green andblack, with coupons, lightly toned but very fine.

£120-150



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657State of Georgia, 7% gold bond, 1870, no.24, signedby the Governor, Rufus Brown Bullock, State armsin centre flanked by allegorical females, goods atdockside and being unloaded from wagon, green andblack, with coupons, lightly toned but very fine.

£120-150

658State of Louisiana, a group of 4 Certificates of Claimagainst the State for forced conversion and reductionof nominal value of 6% State Loan issued in 1837,issued by the Corporation of Foreign Bondholdersjointly with the Committee of Louisiana Bondholders,London 187(6), black, good very fine. (4)

£80-100

By an Act passed in 1874 the State of Louisianaconverted all outstanding bonds of the State into new 7%Bonds. The principal value of the old bonds was reducedto 60% and these certificates were a claim against theState by British bondholders, of which there were many,for the forced loss of 40% of the nominal amount.

659State of North Carolina, 8% Loan, 1862, bond for$1000, no.3415, allegorical female in centre withcherubs to either side, black printing by Paterson &Co., with coupons (CR.62L), light toning, about veryfine.

£60-80

660Republic of Texas, 8% Loan, 1840, bond for $100,no.1776, dated at Austin 1841, handsome piece withcattle, paddle steamer and allegorical figure, black,with coupons, cut cancelled, with 3 triangular holes inthe body, toned, two small nicks from top edge, about veryfine.

£250-350

RAILROADS & TRAMWAYS661A small group of Boston Railroad certificatescomprising New York, Providence & Boston RailRoad Co., 18[36], allegorical females with steam trainand paddle steamer, well toned paper; Boston andProvidence Rail Road Corporation, $100 shares,183[40], vignettes of steam train crossing viaduct andpaddle steamer; Boston & Worcester Rail-RoadCorporation, $100 shares, both 186[7], but withdifferent impressed revenue stamps in centre, hugevignette of town with goods depot and railroadbuildings, one has tape repairs on the reverse to hold foldsplits; Boston, Clinton and Fitchburg Railroad Co.,18[75], and, South Boston Railroad Co., 18[85], mostare cancelled, fine to very fine. (6)

£80-100

662A collection of 40 different American tramwaycertificates, dated 1860’s through to the 1950’s, ahandful unissued, many with vignettes, includesBurlington Electric Railway Co., $500 bond, 1891;California Street Cable Railroad Co., 1919; EastHarrisburg Passenger Railway Co., 1893; HarrisburgTraction Co., 1899; Middletown, Highspire andSteelton Street Railway Co., 1894, and, Washingtonand Old Dominion Railway, $1000 bond, 1911, manycancelled, some with stubbs re-attached, mixed conditionbut many very fine and better. (40)

£150-200


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663A useful collection of 53 all different AmericanRailroad certificates, suitable for expansion,comprising mostly well known issues, dated 1837through the 1920’s, includes Addison Rail Road Co.,1877; Eastern and Western Air Line Railway Co.,1886; Malden and Melrose Railroad Co., 1849; New-York, Providence & Boston Rail Road Co., 1837;Schuylkill & Lehigh Valley Railroad Co., 1889;Southwestern Railroad Co., 1896; Western New Yorkand Pennsylvania Railway Co., 1895, and Wilmingtonand Northern Rail Road Co., 1877, many withvignettes, mostly cancelled, one or two unissued only,fine to very fine, a few better. (53)

£200-300

664Boston and Providence Rail Road Corporation, agroup of 8 early certificates for $100 shares dated183[40] or 183[41], vignette to left of early steamtrain crossing large viaduct, paddle steamer in centre,black, all hand cancelled, generally very fine and betterearly dates. (8)

£100-150

665Chauncey Depew: an attractive group of certificatessigned by him either as President, Trustee or transferorcomprising Carthage and Adirondack Railway Co.,$1000 bond, 1892; Mahoning Coal Railroad Co.,preferred stock certificate, 1897; New York Centraland Hudson River Railroad Co., Lake Shore Collateralbond, $1000, 1898; New York, Ontario and WesternRailway Co., preferred stock certificate, 1904 over188-; West Shore Railroad Company, $1000 bond,1885, and a signed Railroad Pass of the New YorkCentral and Hudson River Railroad Co., 1905, thecertificates all with vignettes and mostly cancelled,generally very fine or better, (6)

£60-80

666Georgia Rail Road & Banking Company, a groupof 11 certificates for $100 shares, dated Augustabetween 1849 and 1859, early steam train at top withsmaller vignettes in top corners, black on thin paper,all hand cancelled, mixed condition, mostly fine to aboutvery fine. (11)

£100-120

667Indiana Coal and Railway Company, a group of 33First Mortgage bonds for $500 or £100, 1881, largeformat pieces with vignette of steam train at top left,ornate borders, black with green underprint, greenseal, with coupons, generally extremely fine. (33)

£250-300

668Missouri, Kansas and Texas Railway Co., 100shares of $100, 18[80], signed by Jay Gould asPresident, cattle in centre, green and black, cancelled,glue residue at left edge, very fine and signatureunaffected by cancels; together with another similar butfor 10 shares, signed by his son George J. Gould; NewYork State stock, certificates for the Chenango Canal,18[34] and the Genesee Valley Canal, 18[37],attractive pieces but with large hole cancels; aConfederate States scrip certificate issued by theNational Safe Deposit Company Ltd. in London,188[6], and a sheet of two transfer certificates forstock in the Insurance Company of the State ofPennsylvania, 179[8], generally very fine and better.(6)

£150-180



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669New Jersey Junction Railroad Company, 4% firstmortgage bond for $1000, 1886, no.497, signed byJ. Pierpont Morgan as trustee on the reverse, fullyissued piece, steamboat and other craft plying theriver, brown and black, with coupons (detached),perforated CANCELLED, nearly extremely fine.

£150-200

670New Orleans Southern Railroad Company, 5%Gold Bond for $100, 1892, no.789, steam train attop, ornate border, brown and black, with coupons(detached), very fine.

£50-60

MINING AND OIL

671Original Bullfrog Mines Syndicate (AZ), $1 shares,San Francisco [1905], no.1261, signed by John E.Lutz as president, nice fat bullfrog vignette in centre,green and black, with a receipt from stockbroker, goodvery fine.

£80-100

672Dutchman Run Oil Company (NY), $10 shares,New York 186[5], no.112, oilfield, derricks andstorage tanks at top right, black and red, adhesiverevenue stamp, very fine.

£100-120


Page 156


673Standard Oil Trust, $100 shares, 188[2], no.568, signed by John D. Rockefeller as President and H.M.Flagler assecretary, State capitol at top, green and black, ink and stamped cancelled, counterfoil reglued at left, very fine.

£600-800

COMMERCIAL AND INDUSTRIAL674A small group of Automobile related certificates(11), comprising American Austin Car Co. Inc., 100shares, [1930]; Nash Motors Co., less than 100 shares,[1929]; Nash Kelvinator Corporation, less than 100shares, [1937] and 100 shares, [1951]; HudsonMotor Car Co., less than 100 shares, [1951]; Kaiser-Frazer Corporation, less than 100 shares, [1948] and100 shares, [1951]; Kaizer Motors Corporation, lessthan 100 shares and 100 shares, both [1953], and,Lincoln Motor Company, temporary certificates forless than 100 shares and 100 shares, both [1920] andboth signed by W.C.Leland as Vice President, mostlycancelled and generally very fine. (11)

£60-80

675American & British Timber & Cotton Land Co., apair of $1000 bonds dated 1851, no’s 249 and 486,ornate border, black, on thin paper, with coupons,good very fine. (2)

£60-80


676American Express Company, $100 shares (capital7,500 shares), 185[8], no.3353, signed by HenryWells, William Fargo and Alexander Holland,steam train passes telegraph poles, black, lightly tonedas usual but good very fine condition and a clear sharpprint.

£300-400


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677American Express Company, $100 shares, 18[78],no.19664, signed by William G. Fargo as Presidentand Alexander Holland as treasurer, dog in centre,black with yellow underprint, hole and stampedcancelled, good very fine.

£150-200

678American Merchants Union Express Co., $100shares, 186[9], no.1713, signed by William Fargo asPresident, wagon and goods at dockside, dog’s headand clasped hands at left, black, stamped and holecancelled, slightly toned, about very fine.

£60-80

679American Salvage Company (NJ), $1 shares,19[16], #1164, vignette of ship underwater beingraised by the company’s invention, green and black,gold seal, good very fine

£60-80

680Mission Development Company (DE), a group of100 certificates for less than 100 shares, and a groupof 100 certificates each for 100 shares, all dated in the1950’s, all with facsimile signature of J.Paul Gettyas President, allegorical female at top, brown andblue respectively, all perforated cancelled, mostly veryfine to extremely fine. (200)

£200-300

681North American Land Company, $6 shares, 189[5],no.2075, signed by Robert Morris as President,black, a couple of small edge tears and some lightdiscolouration at bottom left margin, very fine.

£300-400

682Philadelphia and Lancaster Turnpike Road, oneshare, 179[5], no.250, signed by William Bingham,wagon and horses approach toll house and gates, blackprinting on vellum, embossed seal, lightly toned andcreased at the left, about very fine.

£300-400

683Philadephia and Lancaster Turnpike Road,certificate no. 397 for one share, 179[5], signed byWilliam Bingham as President, vignette of wagonand horses approaching toll gate, black printing, onvellum, transfers on reverse to 1899, tri-folded asusual, good very fine.

£300-400


Page 158


684Philadephia and Lancaster Turnpike Road,certificate no. 258 for one share, 179[5], signed byWilliam Bingham as President, vignette of wagonand horses approaching toll gate, black printing, onvellum, transfers on reverse to 1899, tri-folded asusual, good very fine.

£300-400

685Philadephia and Lancaster Turnpike Road,certificate no.812 for one share, 179[5], a duplicate,issued in June 1805 as annotated below the signatures,signed by William Bingham as President, vignetteof wagon and horses approaching toll gate, blackprinting, on vellum, transfers on reverse to 1899, tri-folded as usual, good very fine.

£300-400

686Stafford Meadow Coal Iron and CityImprovement Company of Scranton (PA), a groupof ten 6% First Mortgage bonds for $100, 185(8),seven vignettes including ‘justice’, a native American,Pennsylvania arms and George Washington, black onpale pink paper, with all coupons intact, good extremelyfine. (10)

£80-100

687Stanley Aerial Navigation Company (CA), $1shares San Francisco 190[1], no.1025, Justice seatedin centre, black, green underprint, gold seal, very lightink smudging, very fine.

£80-100

Company formed in 1899 to build an airship to CharlesStanley’s design, then the largest ever to be built, 450 feetlong and 36 feet in diameter. On its maiden flight in1908 the airship crashed injuring most people on board.

688United Dry Docks, Inc., a group of 15 certificates of‘less than 100 shares’, [1929], with facsimilesignature of E.R.Morse as president, large liner indry dock at top, green and black, very fine and better.(15)

£100-120

An amlgamation of 6 major shipyards in New Yorkincluding Morse Dry Dock and Repair Co. in 1929, tobecome the largest company of its kind in the world.Name changed to United Shipyards and purchased bythe Bethlehem Shipbuilding Corporation in 1938.Finally closed in 1963.



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BRITISH COMPANIES IN THE USA689A small collection of American Breweries owned byBritish companies, comprising Chicago BreweriesLtd., £5 shares, 19[28]; City of Chicago Brewing &Malting Co. Ltd., £10 preference shares, 19[26];Denver United Breweries Ltd., £10 preference shares,19[26], and £10 ordinary shares, 2 examples dated19[21] and 19[26], same printing but on differentpapers; Emerald and Phoenix Brewing Co. Ltd., £10ordinary shares, 18[91], and Washington Brewery Co.Ltd., £10 ordinary shares, 18[904], folds and creasesbut no damage, fine to very fine. (7)

£80-100

690A group of certificates representing the hugeBritish investments in the United States in thelatter part of the 19th century, 1872 through to1938, mostly pre 1900, includes Jay Hawk and LonePine Consolidated Mining Co. Ltd., 189[5]; SilverKing Mining Co. Ltd., 18[95]; Colorado Gold &Silver Extraction Co. Ltd., 18[89]; Carr Mine andColorado Co. Ltd., 190[2]; Mohaska Mining Co.Ltd., 189[2]; Anglo-American Leather Cloth Co.Ltd., 187[2], and, Ray Copper Mines Ltd., 3 examplesdated 1899 and 1900, mixed condition, fine and better.(21)

£150-180

691Colorado Terrible Lode Mining Co. Ltd., £5shares, 187[4], no.1392, blue printing with attractiveembossed seal, fine to very fine and scarce.

£60-80

692Mid-Continent (Oklahoma) Oil Co. Ltd., a groupof certificates for £1 shares, 19[13], numbers 5, 7, 108and 109, scrollwork at left, red, two with transferdocuments attached, generally very fine. (4)

£60-80

693Saturn Silver Mining Company of Utah Ltd., agroup of 20 debentures for £20, 1873, large formatpieces with vignette of company seal at top, scrollworkleft, black, with coupons, mostly very fine or better. (20)

£100-150

694Stratton’s Independence Ltd., £1 shares, [1900],no.7873, capital £1,100,000, scrollwork at left, blue,folds, about very fine.

£120-150

695Stratton’s Independence Ltd., 2/6d shares, 2/-paid, [1908], no.2696, capital £125,000, green,endorsements on face making shares fully paid, veryfine.

£120-150


Page 160

END OF THE SALE


Written Bids FormThis form should be sent or faxed to be received bySpink Commission Bids Office in advance of the sale.References should be supplied in good time to be takenup before the sale. Bids received later than one hourbefore the start of the sale may not be processed.

69 Southampton Row, Bloomsbury, London WC1B 4ETTel: (020) 7563 4020/4005Fax: (020) 7563 4037

Sale Title Date Code Name Sale No.Bonds and Share Certificates Friday 18 May 2012 NELSON 12010of the World at 10.00 a.m.

I request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below.I understand that if my bid is successful the Purchase Price payable will be the sum of the final bid and a premium as a percentage of the final bid (together withany VAT chargeable). The Rate of Premium is 20% of the final hammer price of each lot; VAT is chargeable on the purchase price of daggered (†) and (Ω)lots at the standard rate (currently 20%), and on lots marked (x) at the reduced rate (currently 5% on the hammer and 20% on the premium). VAT on MarginScheme lots is payable at 20% on the premium only. All bids shall be treated as offers made on the Terms and Conditions of Buyers printed in the catalogue. Ialso understand that Spink provides the service of executing bids on behalf of clients for the convenience of clients and that Spink will not be held responsiblefor failing to execute bids. If identical commission bids are received for the same Lot, the commission bid received first by Spink will take precedence. Please notethat you will not be notified if there are higher written bids received. If you require such notification then this is available on bids made via Spink’s online service.

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

You can also bid real time on Spinklive. Just visit www.spink.com to register

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Payment made by Mastercard or Visa are subject to a 2% surcharge and American Express 4%.

Card No: Start Date: Issue No: Security Code:

Signature Expiry Date Name (on credit card)

Please charge all purchases to my card

Do not charge my card. I will arrange to send payment. (Spink will only charge your card should you default on the paymentterms agreed)

Please hold my purchased lots for collection Continued...

Lot Number(in numerical order)

Price Bid £(excluding Buyer’s Premium)





Client Number (if known): ................................................Name: .....................................................................................(Invoice name, please print)

Address: .......................................................................................................................................................................................................

..................................................................................................................................................Postcode: ...................................................

Tel. (Home): .................................................................................(Office): ...............................................................................................

Fax: ................................................................................................E-mail: .................................................................................................

Signature: ......................................................................................VAT number: .......................................................................................

Please indicate the type of card: Visa � Visa Debit � Mastercard � Switch � American Express �


OF THE WORLD

18 May 2012 • London


PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

References required for clients not yet known to Spink

Bank Name: .....................................................................................................................

Bank Address: .................................................................................................................................

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...................................................................................... Postcode: ................................................

Account Number: ...........................................................................................................................

Date: ..............................................................................................................................................







Sale No. 12010 Date: Friday 18 May 2012


1 £1003 £1004 £805 £406 £708 £1009 £10011 £8013 £11014 £32015 £24016 £7017 £25018 £6019 £7020 £6021 £21022 £18023 £15024 £5025 £20027 £7028 £7029 £7030 £8031 £9032 £17033 £35034 £35035 £42036 £45037 £20039 £17040 £1,60041 £1,50042 £32043 £32044 £120

45 £35046 £21047 £50048 £17049 £50050 £30051 £26052 £29053 £1,70054 £1,70055 £1,30056 £38057 £95058 £1,20059 £42060 £28061 £1,20062 £3,20063 £12064 £28065 £32066 £52067 £65068 £1,10069 £1,20070 £25071 £50072 £60073 £18075 £45076 £40077 £70078 £1,60079 £42080 £60081 £22082 £35083 £230

84 £29085 £30086 £28087 £52088 £1,10089 £20090 £30091 £35092 £32093 £85094 £2,00095 £70096 £2,30097 £2,80098 £28099 £280100 £260101 £350102 £1,100103 £420104 £1,200105 £1,800106 £950107 £300108 £700109 £1,400110 £2,600111 £3,500112 £4,800113 £850114 £1,100115 £800116 £3,500117 £3,200118 £1,400119 £1,100120 £2,600121 £480

122 £380123 £1,400124 £1,800125 £550126 £380127 £380128 £580129 £420130 £420131 £200132 £850133 £700134 £520135 £420136 £520137 £170138 £240139 £300140 £270141 £650142 £950143 £160144 £210145 £170146 £260147 £850148 £1,000149 £200150 £750151 £420152 £350153 £1,300154 £1,600156 £120159 £90160 £80161 £600162 £120

163 £320164 £160165 £380166 £1,400167 £320168 £500169 £180170 £130171 £270172 £900173 £190174 £200175 £150176 £100177 £320178 £320179 £160180 £850181 £380182 £230183 £150185 £350186 £380187 £230188 £180189 £400190 £230191 £190192 £110193 £170194 £90195 £70196 £160197 £90198 £500199 £900200 £160201 £270

202 £250203 £220204 £120205 £40206 £110207 £100208 £130209 £950210 £150211 £150212 £320213 £230214 £290216 £90217 £120218 £60219 £130220 £140221 £140222 £230223 £200224 £300225 £270226 £190227 £200228 £160229 £160230 £200231 £200232 £70233 £50234 £60235 £150236 £50237 £90238 £250239 £250240 £260

241 £50242 £60243 £70246 £80247 £120248 £380250 £230252 £70254 £80255 £300256 £70257 £60258 £120259 £400260 £500261 £130262 £40263 £140264 £110265 £60266 £220267 £210269 £60270 £80271 £110272 £240273 £70274 £60275 £60276 £80277 £400278 £110279 £70280 £80281 £130282 £100283 £60284 £130

AUCTION RESULTSSale: Bonds & Share Certificates of the World

Sale No: 11022

Date: Wednesday 16 November 2011

Venue: London

The following prices in sterling do not include the buyer’s premium and are rounded to thenearest pound. Lots which did not sell are not shown.

Spink & Son are not responsible for typographical errors or omissions.

Spink & Son Ltd69 Southampton Row

BloomsburyLondon WC1B 4ET

Telephone: (020) 7563 4000

Lot Price Lot Price Lot Price Lot Price Lot Price Lot Price Lot Price


Lot Price Lot Price Lot Price Lot Price Lot Price Lot Price Lot Price285 £90287 £300288 £90289 £80291 £210292 £150293 £120294 £80295 £210296 £70297 £250298 £60299 £190300 £80301 £220302 £450303 £450304 £250305 £850306 £110307 £60308 £130309 £110310 £190311 £350312 £150313 £350314 £170315 £180316 £70317 £60318 £190319 £140320 £220322 £40323 £140324 £150325 £40326 £120327 £80328 £130329 £120330 £90332 £40333 £210334 £40335 £50336 £80337 £110340 £80

341 £100342 £60343 £220344 £160346 £120347 £50348 £65350 £60351 £200352 £65354 £80357 £2,100359 £70360 £1,900363 £520364 £160365 £1,200366 £580367 £600368 £40369 £80371 £100372 £450374 £70375 £500377 £380378 £110379 £80380 £140382 £150383 £280385 £40391 £50392 £70394 £80395 £250396 £100397 £140401 £220403 £150404 £180405 £200406 £250407 £500408 £120409 £60410 £190410A £100411 £90412 £200

413 £130414 £420415 £220417 £210420 £160421 £100423 £80424 £350425 £90426 £80427 £85428 £90429 £160431 £150432 £140433 £150434 £70436 £110437 £60438 £70439 £70440 £50441 £60442 £60443 £150444 £140445 £50446 £160447 £140448 £50449 £120450 £90451 £90452 £450455 £160456 £210458 £130459 £110460 £120461 £100462 £70464 £110466 £220469 £70470 £320472 £100473 £80475 £80476 £110477 £80

478 £210479 £60480 £130481 £70482 £60483 £90484 £90485 £70486 £70488 £80491 £50492 £50495 £60496 £100497 £60498 £100499 £80500 £160502 £80503 £100504 £180505 £110506 £120507 £120508 £300509 £400510 £650511 £120512 £120513 £200514 £320515 £170516 £100517 £60520 £100521 £210522 £90523 £80524 £70526 £180527 £160528 £260529 £80530 £60531 £160532 £160533 £70534 £150535 £150536 £400

538 £100539 £110540 £50541 £120542 £50545 £260547 £170548 £170549 £100550 £120551 £480552 £50553 £90554 £70555 £60556 £120557 £240558 £380559 £170560 £70561 £650563 £170566 £60567 £80570 £110571 £120572 £90573 £160574 £90575 £120576 £80577 £90580 £120581 £60582 £150585 £220586 £50587 £110588 £580589 £80590 £130591 £70592 £190593 £120595 £90596 £110597 £270598 £60599 £65602 £250

603 £120604 £100605 £230606 £120607 £1,600608 £2,300609 £150610 £50611 £100612 £60614 £110616 £90617 £120618 £150619 £80620 £100621 £60622 £50623 £160625 £60626 £60627 £60628 £200629 £30,000630 £55631 £550633 £80634 £50635 £220636 £70637 £100638 £40639 £80640 £160641 £280642 £600643 £160644 £210645 £600646 £220647 £180648 £900649 £210650 £130651 £160653 £40654 £250655 £190657 £120658 £110

659 £80660 £130661 £100662 £130663 £110664 £110665 £170666 £210668 £90670 £150671 £500672 £200673 £400674 £400675 £70676 £120677 £150678 £120682 £180684 £120686 £150691 £1,100692 £40693 £60694 £70695 £190696 £120697 £220698 £260699 £80701 £320702 £480703 £130704 £110705 £140706 £130707 £180709 £40710 £40713 £60714 £80717 £80718 £230719 £150720 £150721 £160


TERMS AND CONDITIONS FOR BUYERSThese conditions set out the terms on which we (Spink and Son Limited of 69 Southampton Row, Bloomsbury London WC1B 4ET (company no. 04369748)) contractwith you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.

Spink Uni (07/11) (20)

1 DEFINITIONS The following definitions in this condition apply in these conditions.

Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs;

Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below;

Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot;

Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3;

Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as toauthorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the descriptionin the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordancewith the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/orrestoration work of any kind (including re-enamelling);

Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot;

Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in anycatalogue;

Reserve the amount below which we agree with the Seller that the Lot cannot be sold;

Seller means the owner of the Lot being sold by us;

Spink Group Spink and Son Limited, our subsidiaries and associated companies.

VAT value added tax chargeable under VAT and any similar replacement or additional tax; and

VAT Symbols means the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.

2 SPINK’S ROLE AS AGENT

2.1 All sales undertaken by us either at auction or privately are undertakeneither as agent on behalf of the Seller or from time to time, as principalif we are the owner of the Lot. Please note that even if we are acting asagent on behalf of the Seller rather than as principal, we may have afinancial interest in the Lot.

2.2 The contract for the sale of the Lot will be between you and the Seller.

3 BEFORE THE SALE

3.1 Examination of goodsYou are strongly advised to examine personally any goods in which youare interested, before the auction takes place. Condition reports areusually available on request. We provide no guarantee to you otherthan in relation to Forgeries, as set out in clause 5.13 of these Termsand Conditions.

3.2 Catalogue descriptions

3.2.1 Statements by us in the catalogue or condition report, or madeorally or in writing elsewhere, regarding the authorship, origin,date, age, size, medium, attribution, genuineness, provenance,condition or estimated selling price of any Lot are merelystatements of opinion, and are not to be relied on as statements ofdefinitive fact. Catalogue illustrations are for guidance only, andshould not be relied on either to determine the tone or colour ofany item or to reveal imperfections. Estimates of the selling priceshould not be relied on as a statement that this price is either theprice at which the Lot will sell or its value for any other purpose.

3.2.2 Many items are of an age or nature which precludes their beingin perfect condition and some descriptions in the catalogue or givenby way of condition report make reference to damage and/orrestoration. We provide this information for guidance only and theabsence of such a reference does not imply that an item is free fromdefects or restoration nor does a reference to particular defectsimply the absence of any others.

3.2.3 Other than as set out in clause 5.13, and in the absence of fraud,neither the Seller nor we, nor any of our employees or agents, areresponsible for the correctness of any statement as to theauthorship, origin, date, age, attribution, genuineness orprovenance of any Lot nor for any other errors of description or forany faults or defects in any Lot.

3.3 Your ResponsibilityYou are responsible for satisfying yourself as to the condition of thegoods and the matters referred to in the catalogue description.

3.4 Extensions – Stamps only3.4.1 If you wish to obtain an expert opinion or Certificate of

Authenticity on any Lot (other than a mixed Lot or Lot containingundescribed stamps) you must notify us in writing not less thanforty-eight hours before the time fixed for the commencement of

the first session of the sale. If accepted by us, such request shall havethe same effect as notice of an intention to question thegenuineness or description of the Lot for the purposes of clause5.13 (Refund in the case of Forgery) of these Terms andConditions and the provisions of clause 5.13 (Refund in the case ofForgery) shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate ofAuthenticity must give the reason why such opinion is required andspecify the identity of your proposed expert which will be subjectto agreement by us. We reserve the right, at our discretion, torefuse a request for an expert opinion or Certificate of Authenticityincluding (without limitation) where the proposed expert is notknown to us.

3.4.3 If we accept a request for an expert opinion or Certificate ofAuthenticity we will submit the Lot to the Expert Committee. Youacknowledge and accept that the length of time taken by an ExpertCommittee to reach an opinion will vary depending on thecircumstances and in any event is beyond our control.

3.4.4 We will not normally accept a request for an extension onaccount of condition. Any Lot described in the catalogue as havingfaults or defects may not be returned even if an expert opinion orCertificate of Authenticity cites other faults or defects not includedin the catalogue description, other than in the case of a Forgery.

3.4.5 Should Spink accept a request for an extension under theforegoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the Lot.

3.4.6 It should be noted that any stamp accompanied by a Certificateof Authenticity is sold on the basis of that Certificate only and noton the basis of any other description or warranty as to authenticity.No request for an extension will be accepted on such a stamp andthe return of such a stamp will not be accepted.

4 AT THE SALE

4.1 Refusal of admissionOur sales usually take place on our own premises or premises overwhich we have control for the sale, and we have the right, exercisableat our complete discretion, to refuse admission to the premises orattendance at an auction.

4.2 Registration before biddingYou must complete and sign a registration form and provideidentification before making a bid at auction. Please be aware that weusually require buyers to undergo a credit check.Some lots may be designated, prior to the auction, as “Premium Lots”,which means a deposit may be required before placing a bid on theitem for sale. Information will be posted on our website in such anevent.


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4.3 Bidding as PrincipalWhen making a bid (whether such bids are made in person or byway of telephone bids operated by Spink, commission or online oremail bids), you will be deemed to be acting as principal and will beaccepting personal liability, unless it has been agreed in writing, at thetime of registration, that you are acting as agent on behalf of a thirdparty buyer acceptable to us.

4.4 Commission BidsIf you give us instructions to bid on your behalf, by using the formprovided in our catalogues or via our website, we shall use reasonableendeavours to do so, provided these instructions are received not laterthan 24 hours before the auction. If we receive commission bids on aparticular Lot for identical amounts, and at auction these bids are thehighest bids for the Lot, it will be sold to the person whose bid wasreceived first. Commission bids are undertaken subject to othercommitments at the time of the sale, and the conduct of the auctionmay be such that we are unable to bid as requested. Since this isundertaken as a free service to prospective buyers on the terms stated,we cannot accept liability for failure to make a commission bid. Youshould therefore always attend personally if you wish to be certain ofbidding.

4.5 On-line BiddingWe offer internet services as a convenience to our clients. We will notbe responsible for errors or failures to execute bids placed on theinternet, including, without limitation, errors or failures caused by (i) aloss of internet connection by either party for whatever reason; (ii) abreakdown or problems with the online bidding software and/or (iii)a breakdown or problems with your internet connection, computer orsystem. Execution of on-line internet bids is a free service undertakensubject to other commitments at the time of the auction and we do notaccept liability for failing to execute an online internet bid or for errorsor omissions in connection with this activity.

4.6 Telephone BidsIf you make arrangements with us not less than 24 hours before thesale, we shall use reasonable endeavours to contact you to enable youto participate in bidding by telephone, but in no circumstances will webe liable to either the Seller or you as a result of failure to do so.

4.7 Currency ConverterAt some auctions, a currency converter will be operated, based on theone month forward rates of exchange quoted to us by Barclays BankPlc or any other appropriate rate determined by us, at opening on thedate of the auction. Bidding will take place in a currency determined byus, which is usually sterling for auctions held in London. The currencyconverter is not always reliable, and errors may occur beyond ourcontrol either in the accuracy of the Lot number displayed on theconverter, or the foreign currency equivalent of sterling bids. We shallnot be liable to you for any loss suffered as a result of you following thecurrency converter.

4.8 Video imagesAt some auctions there will be a video screen. Mistakes may occur in itsoperation, and we cannot be liable to you regarding either thecorrespondence of the image to the Lot being sold or the quality of theimage as a reproduction of the original.

4.9 Bidding IncrementsBidding generally opens below the low estimate and advances in thefollowing order although the auctioneer may vary the biddingincrements during the course of the auction. The normal biddingincrements are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretion

4.10 Bidding by Spink4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to

the amount of the Reserve (if any), which will never be above thelow estimate printed in the auction catalogue.

4.10.2 The Spink Group reserves the right to bid on and purchaseLots as principal.

4.11 The Auctioneer’s DiscretionThe auctioneer has the right at his absolute discretion to refuse any bidto advance the bidding in such manner as he may decide to withdrawor divide any Lot, to combine any two or more Lots and, in the case oferror or dispute, to put an item up for bidding again.

4.12 Successful BidSubject to the auctioneer’s discretion, the striking of his hammer marksthe acceptance of the highest bid, provided always that such bid ishigher than the Reserve (where applicable), and the conclusion of acontract for sale between you and the Seller.

4.13 After Sale Arrangements If you enter into any private sale agreements for any Lot with the Sellerwithin 60 days of the auction, we, as exclusive agents of the Sellerreserve the right to charge you the applicable Buyer’s Premium inaccordance with these Terms and Conditions, and the Seller acommission in accordance with the terms of the Seller’s agreement.

4.14 Return of LotIn the event that you have received a Lot and wish to return the Lotyou must notify us in writing within 7 days of receipt of the Lot, statingthe reason for the return. The Lot must then be returned to us within14 days of receipt, in the same condition as at the auction date. Anysuch request is subject to our sole discretion.

5 AFTER THE AUCTION

5.1 Buyer’s PremiumIn 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.

5.2 Value Added TaxOther than in respect of Zero-rated Lots (o) (see VAT Symbols fordetails), VAT is payable on the Buyer’s Premium and on the HammerPrice, if the Lot has been marked with a sign to that effect in thecatalogue (see VAT Symbols for details).

5.3 VAT Refunds

General5.3.1 As we remain liable to account for VAT on all Lots unless they

have been exported outside the EU within 3 months of the date ofsale, you will generally be asked to deposit all amounts of VATinvoiced. However, if a Spink nominated shipper is instructed, thenany refundable VAT will not be collected. In all other cases creditswill be made when proof of export is provided. If you export theLot yourself you must obtain shipping documents from theShipping Department for which a charge of £50 will be made.

5.3.2 If you export the Lot you must return the valid proof of exportcertificate to us within 3 months of the date of sale. If you fail toreturn the proof of export certificate to us within such period andyou have not already accounted to us for the VAT, you will beliable to us for the full amount of the VAT due on such Lot and weshall be entitled to invoice you for this sum.

5.3.3 To apply for a refund of any VAT paid, the proof of exportcertificate must be sent to our Shipping Department clearly marked‘VAT Refund’ within 3 months of the date of sale. No payment willbe made where the total amount of VAT refundable is less than £50and Spink will charge £50 for each refund processed.

VAT Refunds - Buyers from within the EU5.3.4 VAT refunds are available on the Hammer Price and Buyer’s

Premium of Daggered (†) and Investment Gold (g) Lots. You mustcertify that you are registered for VAT in another EU country andthat the Lot is to be removed from the United Kingdom within 3months of the date of sale.

5.3.5 Where an EU buyer purchases a Lot on which import VAT hasbeen charged, no refund of VAT is available from us. It may bepossible to apply directly for a refund on form VAT 65 toHM Revenue & Customs Overeseas Repayment Section,Londonderry.

VAT Refunds – Buyers from outside the EU

5.3.6 Where a Lot is included within the Auctioneers’ Margin Schemeand evidence of export from the EU is produced within 3 monthsof the date of sale, the VAT element included within the Buyer’sPremium may be refunded.

5.3.7 Where the Lot is marked as a Daggered (†) or Investment Gold(g) Lot the VAT charged on the Hammer Price may be refundedwhere evidence of export from the EU is produced within 3months of the date of sale. A refund of VAT charged on the Buyer’sPremium can also be made on receipt of proof of business as acollectibles dealer.

5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an ImportVAT (x) Lot and evidence of export from the EU is producedwithin 3 months of the date of sale, the VAT charged on both theHammer Price and Buyer’s Premium may be refunded. Whererequired, we can advise you on how to export such Lots as a specificform of export evidence is required. Where we advise you on theexport of the Lots, please be aware that the ultimate responsibilityin respect of obtaining a valid proof of export certificate will lie withyou and we will not be responsible for your failure to obtain suchcertificate.


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5.4 Payment5.4.1 You must provide us with your full name and permanent address

and, if so requested, details of the bank from which any paymentsto us will be made. You must pay the full amount due (comprisingthe Hammer Price, the Buyer’s Premium and any applicable VAT)within seven days after the date of the sale. This applies even if youwish to export the Lot and an export licence is (or may be)required.

5.4.2 You will not acquire title to the Lot until all amounts due to ushave been paid in full to us, even in circumstances where we havereleased the Lot to you.

5.4.3 Payment should be made in sterling by one of the followingmethods:II(i) Direct bank transfer to our account details of which are set

out on the invoice. All bank charges shall be met by you.Please ensure that your client number is noted on thetransfer.

i(ii) By cheque or bank draft made payable to Spink and Son Ltdand sent to Spink at 69 Southampton Row, Bloomsbury,London WC1B 4ET. Please note that the processing chargesfor payments made by cheques or bank drafts drawn on anon-U.K bank shall be met by you. Please ensure that theremittance slip printed at the bottom of the invoice isenclosed with your payment.

(iii) By Visa or Mastercard. A charge of 2% will be applied.Payments exceeding £5,000 can normally only be made bythe card holder in person whilst on our premises.

5.4.4 Payments should be made by the registered buyer and not bythird parties, unless it has been agreed at the time of registrationthat you are acting as an agent on behalf of a third party.

5.5 InvoicesInvoices may consist of one or more pages and will show: Zero ratedLots (o); no symbol Lots sold under the Auctioneers’ Margin Scheme;Lots marked (g) special scheme Investment Gold; Daggered Lots (†),imported Lots marked (x) and (Ω), (e) Lots with Zero rated hammerfor EU VAT registered buyers.

5.6 Collection of Purchases5.6.1 Unless we specifically agree to the contrary, we shall retain items

sold until all amounts due to us, or to the Spink Group, have beenpaid in full.

5.6.2 Unless we notify you to the contrary, items retained by us willbe covered in accordance with our policy which is available forinspection at our offices from the date of sale for a period of sevendays or until the time of collection, whichever is sooner. After sevendays or from the time of collection, whichever is the earlier, the Lotwill be entirely at your risk.

5.6.3 Our policy will not cover and we are unable to acceptresponsibility for damage caused by woodworm, changes inatmospheric conditions or acts of terrorism.

5.7 NotificationWe are not able to notify successful bidders by telephone. WhileInvoices are sent out by mail after the auction we do not acceptresponsibility for notifying you of the result of your bid. You arerequested to contact us by telephone or in person as soon as possibleafter the auction to obtain details of the outcome of your bids to avoidincurring charges for late payment.

5.8 Packing and handling5.8.1 We shall use all reasonable endeavours to take care when

handling and packing a purchased Lot but remind you that afterseven days or from the time of collection, whichever is sooner, theLot is entirely at your risk. Our postage charges are set out at theback of the catalogue.

5.8.2 It is the responsibility of the Buyer to be aware of any ImportDuties that may be incurred upon importation to the finaldestination. Spink will not accept return of any package in order toavoid these duties. The onus is also on the Buyer to be aware of anyCustoms import restrictions that prohibit the importation ofcertain collectibles. Spink will not accept return of the Lot(s) underthese circumstances. Spink will not accept responsibility for Lot(s)seized or destroyed by Customs.

5.9 Recommended packers and shippersIf required our shipping department may arrange shipment as youragent. Although we may suggest carriers if specifically requested, oursuggestions are made on the basis of our general experience of suchparties in the past and we are not responsible to any person to whomwe have made a recommendation for the acts or omissions of the thirdparties concerned.

5.10 Remedies for non-payment or failure to collect purchases5.10.1 If you fail to make payment within seven days of your stipulated

payment date set out in your invoice, we shall be entitled to exerciseone or more of the following rights or remedies:5.10.1.1 to charge interest at the rate of 2% per month compound

interest, calculated on a daily basis, from the date the fullamount is due;

5.10.1.2 to set off against any amounts which the Spink Group mayowe you in any other transaction the outstanding amountremaining unpaid by you;

5.10.1.3 we may keep hold of all or some of your Lots or otherproperty in the possession of the Spink Group until you havepaid all the amounts you owe us or the Spink Group, even if theunpaid amounts do not relate to those Lots or other property.Following fourteen days’ notice to you of the amountoutstanding and remaining unpaid, the Spink Group shall havethe right to arrange the sale of such Lots or other property. Weshall apply the proceeds in discharge of the amount outstandingto us or the Spink Group, and pay any balance to you;

5.10.1.4 where several amounts are owed by you to the SpinkGroup in respect of different transactions, to apply any amountpaid to discharge any amount owed in respect of any particulartransaction, whether or not you so direct;

5.10.1.5 to reject at any future auction any bids made by you or onyour behalf or obtain a deposit from you before accepting anybids.

5.10.2 If you fail to make payment within thirty-five days, we shall inaddition be entitled:

5.10.2.1 to cancel the sale of the Lot or any other item sold to youat the same or any other auction;

5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, ifthis results in a lower price being obtained, claim the balancefrom you together with all reasonable costs including a 20%seller’s commission, expenses, damages, legal fees, commissionsand premiums of whatever kind associated with both sales orotherwise, incurred in connection with your failure to makepayment; or

5.10.2.3 take any other appropriate action as we deem fit.

5.11 Failure to collectWhere purchases are not collected within seven days after the sale,whether or not payment has been made, you will be required to pay astorage charge of £2 per item per day plus any additional handling costthat may apply. You will not be entitled to collect the Lot until alloutstanding charges are met, together with payment of all otheramounts due to us.

5.12 Export Licence5.12.1 If required we can, at our discretion, advise you on the detailed

provisions of the export licensing regulations. Where we advise youin relation to export licensing regulations the ultimate responsibilityin respect of any export will lie with you and we will not beresponsible for your failure to apply for any necessary licences.

5.12.2 If the Lot is going to be hand carried by you, you may berequired to produce a valid export licence to us or sign a waiverdocument stating that a licence will be applied for.

5.12.3 You should always check whether an export licence is requiredbefore exporting. Export licences are usually obtained within twoor three weeks but delays can occur.

5.12.4 Unless otherwise agreed by us in writing, the fact that you wishto apply for an export licence does not affect your obligation tomake payment within seven days nor our right to charge interest onlate payment.

5.12.5 If you request that we apply for an export licence on yourbehalf, we shall be entitled to recover from you our disbursementsand out of pocket expenses in relation to such application, togetherwith any relevant VAT.

5.12.6 We will not be obliged to rescind a sale nor to refund anyinterest or other expenses incurred by you where payment is madeby you despite the fact that an export licence is required.

5.13 Refund in the case of Forgery5.13.1 A sale will be cancelled, and the amount paid refunded to you

if a Lot (other than a miscellaneous item not described in thecatalogue) sold by us proves to have been a Forgery. We shall nothowever be obliged to refund any amounts if either (a) thecatalogue description or saleroom notice at the auction datecorresponded to the generally accepted opinion of scholars orexperts at that time, or fairly indicated that there was a conflict ofopinions, or (b) it can be demonstrated that the Lot is a Forgeryonly by means of either a scientific process not generally acceptedfor use until after publication of the catalogue or a process which atthe date of the auction was unreasonably expensive or impracticableor likely to have caused damage to the Lot. Furthermore, youshould note that this refund can be obtained only if the followingconditions are met:

5.13.1.1 you must notify us in writing, within seven days of thereceipt of the Lot(s), that in your view the Lot concerned is aForgery;

5.13.1.2 you must then return the item to us within fourteen daysfrom receipt of the Lot(s), in the same condition as at theauction date; and


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5.13.1.3 as soon as possible following return of the Lot, you mustproduce evidence satisfactory to us that the Lot is a Forgery andthat you are able to transfer good title to us, free from any thirdparty claims.

5.13.2 In no circumstances shall we be required to pay you any morethan the amount paid by you for the Lot concerned and you shallhave no claim for interest.

5.13.3 The benefit of this guarantee is not capable of beingtransferred, and is solely for the benefit of the person to whom theoriginal invoice was made out by us in respect of the Lot when soldand who, since the sale, has remained the owner of the Lot withoutdisposing of any interest in it to any third party.

5.13.4 We shall be entitled to rely on any scientific or other process toestablish that the Lot is not a Forgery, whether or not such processwas used or in use at the date of the auction.

6 LIABILITY Nothing in these Terms and Conditions limits or excludes our liability for:6.1 death or personal injury resulting from negligence; or 6.2 any damage or liability incurred by you as a result of our fraud or

fraudulent misrepresentation.7 COPYRIGHT

7.1 We shall have the right (on a non-exclusive basis) to photograph, videoor otherwise produce an image of the Lot. All rights in such an imagewill belong to us, and we shall have the right to use it in whatever waywe see fit.

7.2 The copyright in all images, illustrations and written material relatingto a Lot is and shall remain at all times our property and we shall havethe right to use it in whatever way we see fit. You shall not use or allowanyone else to use such images, illustrations or written material withoutour prior written consent.

8 VATYou shall give us all relevant information about your VAT status and that ofthe Lot to ensure that the correct information is printed in the catalogues.Once printed, the information cannot be changed. If we incur any unforeseencost or expense as a result of the information being incorrect, you willreimburse to us on demand the full amount incurred.

9 NOTICESAll notices given under these Terms and Conditions may be served personally,sent by 1st class post, or faxed to the address given to the sender by the otherparty. Any notice sent by post will be deemed to have been received on thesecond working day after posting or, if the addressee is overseas, on the fifthworking day after posting. Any notice sent by fax or served personally will bedeemed to be delivered on the first working day following despatch.

10 ADDITIONAL PROVISIONSThe following provisions of this clause 10 shall apply only if you are acting forthe purposes of your business. 10.1 Limitation of Liability

Subject to clause 6, we shall not be liable, whether in tort (includingfor negligence) or breach of statutory duty, contract, misrepresentationor otherwise for any:10.1.1 loss of profits, loss of business, depletion of goodwill and/or

similar losses, loss of anticipated savings, loss of goods, loss ofcontract, loss of use, loss of corruption of data or information; or

10.1.2 any special, indirect, consequential or pure economic loss,costs, damages, charges or expenses.

10.2 SeverabilityIf any part of these Terms and Condition is found by any court to beinvalid, illegal or unenforceable, that part may be discounted and therest of the conditions shall continue to be valid and enforceable to thefullest extent permitted by law.

10.3 Force majeureWe shall have no liability to you if we are prevented from, or delayedin performing, our obligations under these Terms and Conditions orfrom carrying on our business by acts, events, omissions or accidentsbeyond our reasonable control, including (without limitation) strikes,lock-outs or other industrial disputes (whether involving our workforceor the workforce of any other party), failure of a utility service ortransport network, act of God, war, riot, civil commotion, maliciousdamage, compliance with any law or governmental order, rule,regulation or direction, accident, breakdown of plant or machinery,fire, flood, storm or default of suppliers or subcontractors.

10.4 Waiver10.4.1 A waiver of any right under these Terms and Conditions is only

effective if it is in writing and it applies only to the circumstancesfor which it is given. No failure or delay by a party in exercising anyright or remedy under these Terms and Conditions or by law shallconstitute a waiver of that (or any other) right or remedy, norpreclude or restrict its further exercise. No single or partial exerciseof such right or remedy shall preclude or restrict the further exerciseof that (or any other) right or remedy.

10.4.2 Unless specifically provided otherwise, rights arising underthese Terms and Conditions are cumulative and do not excluderights provided by law.

10.5 Law and Jurisdiction10.5.1 These Terms and Conditions and any dispute or claim arising

out of or in connection with them or their subject matter, shall begoverned by, and construed in accordance with, the law of Englandand Wales.

10.5.2 The parties irrevocably agree that the courts of England andWales shall have exclusive jurisdiction to settle any dispute orclaim that arises out of, or in connection with, Terms andConditions or their subject matter.

Postal Charges

Prices for books(items sent by this method are not covered by insurance)

Prices for all other items including postage and packaging

Shipments of more than 2kg or volumetric measurement of more than 2kg have tobe sent by courier. Certain countries may incur extra charge when courier servicesare required by our insurance policy. For lots sent by courier please [email protected] for calculation of any further relevant cost in addition tothe above charges.

Value Added Tax (VAT)

Charging of (VAT) at AuctionThe information shown on this page sets out the way in which Spink intends toaccount for VAT.

i. Auctioneers’ Margin Scheme1. Where possible, we will offer Lots for sale under the Auctioneers’

Margin Scheme. Such Lots can be identified by the absence of anysymbol next to the Lot number in the catalogue and will not besubject to VAT on the Hammer Price.

2. Where Lots are sold using the Auctioneers’ Margin Scheme toVAT–registered businesses, the VAT included within the Buyers’Premium is not recoverable as input tax. Upon request on sale day,we will issue invoices that show VAT separately on both the HammerPrice and the Buyer’s Premium. This will enable VAT-registeredbusinesses to recover the VAT charged as input tax, subject to thenormal rules for recovering input tax.

ii. Zero-Rated LotsLimited Categories of goods, such as books, are Zero-rated (o) for VAT inthe United Kingdom. Such Lots are offered under the Auctioneers’ MarginScheme. In these circumstances no VAT element will be included withinthe Buyer’s Premium.

iii. Daggered LotsLots which are Daggered (†) in the catalogue are subject to VAT at 20%on both the Hammer Price and the Buyer’s Premium.

iv. Starred and Omega LotsLots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer Price and 20% on the Buyer’s Premium which is shown asinclusive of VAT. Lots which bear the Omega symbol (Ω) are subject toVAT at 20% on the Hammer Price and on the Buyer’s Premium. Such Lotsbear VAT because the Lot is liable for VAT at this rate on importation intothe EU.

v. Investment Gold LotsLots marked (g) in the catalogue are exempt from VAT on the HammerPrice and are subject to VAT at 20% on the Buyer’s Premium. A refund ofVAT charged on the Buyer’s Premium can also be made on receipt of proofof business as a collectibles dealer.

vi. Imported LotsLots which are marked (x) and Lots which bear the Omega symbol (Ω)have VAT charged on the Hammer Price and Buyers’ Premium becausethey have been imported into the United Kingdom from outside the EU.In these cases we have used a temporary importation procedure, which ineffect means that the point of importation is deferred until the Lot has beensold. At this point the Buyer is treated as the importer and is liable to paythe import VAT due. We will collect the VAT from you and pay it to HMCustoms and Excise on your behalf.

Invoice Value UK EU Rest of the WorldUp to £1,500 £10 £15 £20

Above £1,501 £20 £30 £40

Weight UK EU Rest of the WorldUp to 1kg £8 for any weight £12 £15

Up to 2kg £8 for any weight £18 £25


Banknotes22 April The Collector’s Series Sale Hong Kong 1202824/25 April World Banknotes London 1202218/19 May The Collector’s Series Sale Fort Worth 31330 June The Collector’s Series Sale Hong Kong 1203222/23 August The Collector’s Series Sale New York 31425 August The Collector’s Series Sale Hong Kong 120332 October The David Kirch Collection of Bank of England Notes - Part I London 120342 October The David Kirch Collection of English Provincial Banknotes - Part I London 120353/4 October World Banknotes London 1202313/14 November The Collector’s Series Sale New York 3156 December World Banknotes London 12024

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

AUCTION CALENDAR 2012

The above sale dates are subject to change

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

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

Stamps22 April The Collector’s Series Sale Hong Kong 120282 May The Adriano Landini Collection of Fine Covers of the World London 120303 May The Chartwell Collection - GB King George V including Seahorses London 1201420 June The “Franschhoek” Collection of Cape of Good Hope Triangular and Rectangular Issues London 1203120 June Palestine Stamps and Postal History London 1203630 June The Collector’s Series Sale Hong Kong 120325 July The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part III London 1201511 July The Collector’s Series Sale London 1201619/20 July The Collector’s Series Sale New York25 August The Collector’s Series Sale Hong Kong 1203312 September The Chartwell Collection - GB King Edward VIII, King George VI and Queen Elizabeth II London 1201713 September Great Britain Stamps Specialised Sale London 1201813/14 September The Collector’s Series Sale New York23 September Fine Stamps and Covers of South East Asia Singapore 12019Early October The Collector’s Series Sale Hong Kong8/9 November The Collector’s Series Sale New York14 November The Collector’s Series Sale London 1202012 December The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part IV London 12021

Coins22 April The Collector’s Series Sale Hong Kong 1202818/19 May The Collector’s Series Sale Fort Worth 31328 June Ancient, English & Foreign Coins and Commemorative Medals London 1202530 June The Collector’s Series Sale Hong Kong 1203222/23 August The Collector’s Series Sale New York 31425 August The Collector’s Series Sale Hong Kong 1203327 September Ancient, English & Foreign Coins and Commemorative Medals London 1202613/14 November The Collector’s Series Sale New York 3154 December Ancient, English & Foreign Coins and Commemorative Medals London 12027

Medals19 April Orders, Decorations, Campaign Medals & Militaria London 1200219 July Orders, Decorations, Campaign Medals & Militaria London 1200322 November Orders, Decorations, Campaign Medals & Militaria London 12004

Bonds and Shares22 April The Collector’s Series Sale Hong Kong 1202818 May Bonds and Share Certificates of the World London 1201018/19 May The Collector’s Series Sale Fort Worth 31330 June The Collector’s Series Sale Hong Kong 1203222/23 August The Collector’s Series Sale New York 31425 August The Collector’s Series Sale Hong Kong 1203313/14 November The Collector’s Series Sale New York 31528 November Bonds and Share Certificates of the World London 12011

Autographs18/19 May The Collector’s Series Sale Fort Worth 31322/23 August The Collector’s Series Sale New York 31413/14 November The Collector’s Series Sale New York 315

Wines24 May An Evening of Exceptional Wines Hong Kong SFW02July An Evening of Exceptional Wines Hong KongSeptember An Evening of Exceptional Wines Hong KongNovember An Evening of Exceptional Wines Hong Kong

Group Chairman and CEOOlivier D. Stocker

Your Specialists

StampsUK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill Granger

Paul Mathews Dominic Savastano Tom SmithUSA - Chris Anderson George Eveleth Andrew Titley Ed Robinson Rick Penko

Europe - Guido Craveri Fernando MartínezChina - Anna Lee Johnny Sang

CoinsUK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKay

Arthur Bryant Barbara Mears John Pett George ChampUSA - Stephen Goldsmith Matthew Orsini Normand Pepin

China - Mark Li

Banknotes, Bonds & SharesUK - Barnaby Faull Mike Veissid Andrew Pattison

USA - Stephen Goldsmith Matthew OrsiniChina - Mark Li

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

BooksUK - Philip Skingley Alex Smith

AutographsUSA - Robert Litzenberger

WinesChina - Anna Lee

Your Europe Team (London - Lugano)

Chairman’s OfficeDennis Muriu Monica Kruber

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamEmily Johnston Miroslava Adusei-Poku Charles Blane

Luca Borgo Phillipa Brown Rita Ariete María Martínez

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

IT & AdministrationBerdia Qamarauli Liz Cones Curlene Spencer John Winchcombe Bobby McBrierty Tom Robinson

Your America Team (New York - Dallas)

Chairman EmeritusJohn Herzog

Auction AdministrationRick Penko Patricia Gardner

Marketing & DesignJames McGuire Emily Cowin Clyde Townsend

Finance & AdministrationSam Qureshi Ingrid Qureshi Marcy Gottberg Ed Robinson

AuctioneersStephen Goldsmith Tracy Shreve Andrew Titley

Your Asia Team (Hong Kong - Singapore)

Vice ChairmanAnna Lee

AdministrationAmy Yung Raymond Tat Gary Tan

Bonds 12010 cover:Layout 1 12/4/12 10:23 Page 2


OF THE WORLD

18 May 2012 • London© Copyright 2012

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ondonSTAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

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