Bonds & Share Certificates of the World

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SPINK LONDON B O N D S & S H A R E C E RT I F I C AT E S OF T H E W OR L D

69 Southampton Row © Copyright 2012

Bloomsbury www.spink.com

18 May 2012 • London

STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

BONDS & SHARE CERTIFICATES OF THE WORLD

London WC1B 4ET

18 May 2012 • London

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

Group Chairman and CEO Olivier D. Stocker

AUCTION CALENDAR 2012

Your Specialists Stamps UK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill Granger Paul Mathews Dominic Savastano Tom Smith USA - Chris Anderson George Eveleth Andrew Titley Ed Robinson Rick Penko Europe - Guido Craveri Fernando Martínez China - Anna Lee Johnny Sang Coins UK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKay Arthur Bryant Barbara Mears John Pett George Champ USA - Stephen Goldsmith Matthew Orsini Normand Pepin China - Mark Li Banknotes, Bonds & Shares UK - Barnaby Faull Mike Veissid Andrew Pattison USA - Stephen Goldsmith Matthew Orsini China - Mark Li Orders, Decorations, Medals & Militaria UK - Mark Quayle Oliver Pepys Books UK - Philip Skingley Alex Smith Autographs USA - Robert Litzenberger Wines China - Anna Lee Your Europe Team (London - Lugano) Chairman’s Office Dennis Muriu Monica Kruber Directors Tim Hirsch Anthony Spink Auction & Client Management Team Emily Johnston Miroslava Adusei-Poku Charles Blane Luca Borgo Phillipa Brown Rita Ariete María Martínez Finance Alison Bennet Marco Fiori Mina Bhagat Alison Kinnaird Shyam Padhiar Billy Tumelty IT & Administration Berdia Qamarauli Liz Cones Curlene Spencer John Winchcombe Bobby McBrierty Tom Robinson Your America Team (New York - Dallas) Chairman Emeritus John Herzog Auction Administration Rick Penko Patricia Gardner Marketing & Design James McGuire Emily Cowin Clyde Townsend Finance & Administration Sam Qureshi Ingrid Qureshi Marcy Gottberg Ed Robinson Auctioneers Stephen Goldsmith Tracy Shreve Andrew Titley Your Asia Team (Hong Kong - Singapore) Vice Chairman Anna Lee Administration Amy Yung Raymond Tat Gary Tan

Stamps 22 April 2 May 3 May 20 June 20 June 30 June 5 July 11 July 19/20 July 25 August 12 September 13 September 13/14 September 23 September Early October 8/9 November 14 November 12 December

The Collector’s Series Sale The Adriano Landini Collection of Fine Covers of the World The Chartwell Collection - GB King George V including Seahorses The “Franschhoek” Collection of Cape of Good Hope Triangular and Rectangular Issues Palestine Stamps and Postal History The Collector’s Series Sale The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part III The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Chartwell Collection - GB King Edward VIII, King George VI and Queen Elizabeth II Great Britain Stamps Specialised Sale The Collector’s Series Sale Fine Stamps and Covers of South East Asia The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part IV

Hong Kong London London London London Hong Kong London London New York Hong Kong London London New York Singapore Hong Kong New York London London

Coins 22 April 18/19 May 28 June 30 June 22/23 August 25 August 27 September 13/14 November 4 December

The Collector’s Series Sale The Collector’s Series Sale Ancient, English & Foreign Coins and Commemorative Medals The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale Ancient, English & Foreign Coins and Commemorative Medals The Collector’s Series Sale Ancient, English & Foreign Coins and Commemorative Medals

Hong Kong Fort Worth London Hong Kong New York Hong Kong London New York London

12028 313 12025 12032 314 12033 12026 315 12027

Banknotes 22 April 24/25 April 18/19 May 30 June 22/23 August 25 August 2 October 2 October 3/4 October 13/14 November 6 December

The Collector’s Series Sale World Banknotes The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The David Kirch Collection of Bank of England Notes - Part I The David Kirch Collection of English Provincial Banknotes - Part I World Banknotes The Collector’s Series Sale World Banknotes

Hong Kong London Fort Worth Hong Kong New York Hong Kong London London London New York London

12028 12022 313 12032 314 12033 12034 12035 12023 315 12024

Medals 19 April 19 July 22 November

Orders, Decorations, Campaign Medals & Militaria Orders, Decorations, Campaign Medals & Militaria Orders, Decorations, Campaign Medals & Militaria

London London London

12002 12003 12004

Bonds and Shares 22 April 18 May 18/19 May 30 June 22/23 August 25 August 13/14 November 28 November

The Collector’s Series Sale Bonds and Share Certificates of the World The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale Bonds and Share Certificates of the World

Hong Kong London Fort Worth Hong Kong New York Hong Kong New York London

12028 12010 313 12032 314 12033 315 12011

Autographs 18/19 May 22/23 August 13/14 November

The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale

Fort Worth New York New York

Wines 24 May July September November

An An An An

Evening Evening Evening Evening

of of of of

Exceptional Exceptional Exceptional Exceptional

Wines Wines Wines Wines

The above sale dates are subject to change

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

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

Hong Hong Hong Hong

Kong Kong Kong Kong

12028 12030 12014 12031 12036 12032 12015 12016 12033 12017 12018 12019

12020 12021

313 314 315

SFW02

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

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 4000 Fax: 020 7563 4066

Web Site: For more information about Spink services, forthcoming sales and sales results you can access the Spink web site at www.spink.com

Viewing at 69 Southampton Row: Thursday 17 May 2012 and during the sale

YOUR SPINK TEAM

10.00 a.m.- 5.00 p.m.

FOR THIS SALE

For your questions about the sale lots: Mike Veissid +44 (0)20 7563 4075 / mveissid@spink.com For your bids: Miroslava Adusei-Poku +44 (0)20 7563 4020 Fax: +44 (0)20 7563 4037 auctionteam@spink.com For your internet bidding: Berdia Qamarauli +44 (0)20 7563 4089 / bqamarauli@spink.com For your payment: Shyam Padhiar +44 (0)20 7563 4018 / spadhiar@spink.com For your VAT enquiries: John Winchcombe +44 (0)20 7563 4101 / jwinchcombe@spink.com

Purchase a catalogue: Please telephone 020 7563 4108 or fax 020 7563 4037 or e-mail catalogues@spink.com for details.

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

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 to contact 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 today Tel: +44 (0)20 7563 4089 Email: bqamarauli@spink.com

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

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

Front Cover Illustration: Lot 191

Back Cover Illustrations: Lots 161 and 336

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Bonds and Share Certificates of the World

INDEX BY COUNTRY ANGOLA

11

ICELAND

264

ARGENTINA

474-493

INDIA

142-143

AUSTRALIA

155-170

ITALY

265

AUSTRIA

194-195 JAPAN

144-150

BELGIUM

196-198

BOSNIA-HERZOGOVINA

199

MALAYSIA

151

BRAZIL

494-514

MEXICO

546-558

BRITISH EAST AFRICA

12-14

MONTENEGRO

266

BULGARIA

200 NETHERLANDS

267

NEW ZEALAND

172-175

OTTOMAN EMPIRE

30-35

CANADA

177-193

CHILE

515-520

CHINA

55-140

COCOS (KEELING) ISLANDS

171

COLUMBIA

521

PALESTINE

36-38

CONFEDERATE STATES OF AMERICA

639-654

PANAMA

559

COSTA RICA

522-523

PERU

560

CROATIA

201-202

PORTUGAL

268-275

CUBA

524-534

POYAIS

561

CZECHOSLOVAKIA

203-205

PUERTO RICO

562

DENMARK

206-208

REUNION

39

DOMINICAN REPUBLIC

535

RHODESIA

40

ROUMANIA

276-278

RUSSIA

569-633

ECUADOR

536

EGYPT

15-28

EL SALVADOR

537-539

SAMOA

176

ESTONIA

209

SOUTH AFRICA

41-50

SPAIN

279-280

FRANCE

210-232

SWEDEN

351

FRENCH CONGO

29

SWITZERLAND

352-353

FRENCH INDO-CHINE

141 THAILAND/SIAM

152-154

GERMANY

233-249

TUNISIA

51-53

GREAT BRITAIN

354-470

GREECE

250-262

UNITED STATES

634-695

GUATAMALA

540-541

URUGUAY

563-565

HONDURAS

542-545

VENEZUALA

566

HUNGARY

263 WEST AFRICA

54I

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May 18, 2012 - London

THEMATIC INDEX 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 Bridges

198, 231, 399, 434, 617, 618, 689 442, 464, 465, 466

Building

338

Buses

396

Canals & Irrigation Casinos City Loans

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

Coffee Colonial Trade Cycles Docks & Warves 18th Century Electricity

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

187, 191, 401, 430, 433, 686 29 12-14, 31 415 172, 348, 461, 462, 474, 688 336, 337

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

334, 363-371 213

Coal

Mining

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

189A, 191

Rubber

176

Exhibitions

459

Salvage

171

Film

405,

Schools & Colleges

429

Shipbuilding

218

Finance Food & Drink Football

140, 431 28, 176, 211-212, 226, 272, 492 407

Shipping

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

Shops and Stores

352, 619

425, 436, 437, 438

Sport

406, 407

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

Sugar

514

Gas

Gramophones

410

Hotels

404

Industrial

51

Insurance

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

Investement Land Leisure

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

427, 680 16, 19, 53, 190, 613, 675, 681 221-224, 227, 229, 244, 267

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INTERNATIONAL BOND AND SHARE SOCIETY

————

LONDON FAIR

————

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

IMPERIAL HOTEL – LONDON Russell 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., Europe and other countries.

Your ideal opportunity to add to your collection.

For further information please contact either Mike Veissid (mveissid@spink.com) or Bruce Castlo (auctions@scripophily.org)

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May 18, 2012 - London

FRIDAY 18 MAY 2012 Commencing at 10.00 a.m.

All Sales are subject to the Conditions of Business printed at the back of this catalogue Estimates The 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 Cataloguing Dates 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.

COLLECTIONS AND LOTS 1 A miscellaneous group of certificates, comprising, Victorian Consolidated Goldfields, Ltd., 1905; British South Africa Company, issued for the Beira Railway Company, 1905; Niagra (Mexico) Silver Mine Ltd., 1912 (2 examples); Laminated Gears Ltd., 1913; £3 10s War stock 1936; General Oilfields Ltd., 1915, and others (3), generally fine to about very fine. (10) £60-80 2 An interesting group of certificates, comprising Thomas A. Edison, Jr. and William Holzer Steel and Iron Process Co., $100 shares, 1[900], signed by Thomas A. Edison Jr.; Ruby and Dunderberg Consolidated Mining Co. (1885) Ltd., £1 shares, 18[85]; Victoria District (Mashonaland) Gold Mining Co. Ltd., £1 shares, 18[93], some discolouration; Borneo Diamond Exploration Syndicate Ltd., £500 shares, of only 40 issued, 18[89], ink smudges; Liberty Mining Co., 5 shares of £1, 1852; a Canton Kowloon Railway £100 bond, 1907, and, S.A. des Bouffes-Parisiens Transformes, 250 francs, circa 1920, generally very fine or nearly so. (7) £100-150 3 A rather miscellaneous group of certificates, comprising Sun Fire Office, fire policy, 1[800], vignette of sun flanked by firemen, black, stained at top; Howe Machine Company, certificates for 100 franc share (2) and 5 shares of 100 francs (2), vignettes of cycle and sewing machine; French Rand Gold Mining Co. Ltd., 1902; Buffelsdoorn Estate and Gold Mining Co. Ltd., 25 shares of £1, 1[899], and, an Austrian State loan, 1860, 100 gulden, mixed condition, fine to very fine. (8) £100-120 4 A collection of Tramway companies (17), from Great Britain, U.S.A., France, Italy, South America and Russia, including Llandudno and Colwyn Bay Electric Traction Co. Ltd., 1905, several with vignettes, the American pieces mostly cancelled, generally very fine and better. (17) £100-120

5 Motor cars and Road transport: a group of certificates comprising Great Britain: New Motive Power Syndicate Ltd., 1897; Willys Overland Crossley Ltd., 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-Frazer Corporation, 1946; Packard Motor Car Co., 1943, and France, Soc. Gen. de Construction de Voitures et d’Automobiles, 1900, and, S.A. des Ancient Etablissements de la Mare, Gilbert & Cie., 1927, fine to very fine (11) £100-120 6 Pacific Petroleum Ltd., £1 shares, 191[7], vignette of oil derricks at top left, red (5 examples); United Mexican Oilfields Ltd., 19[19], derricks at top left, black, printed by Waterlow & Sons; Maikop Standard Oil Fields Ltd., 5/- shares, 191[1], blue, and other certificates (3), some damp stains and rust marks, a couple with edge tears, the first very fine, the rest fine and better. (10) £100-150 7 A miscellaneous accumulation of worldwide bonds and share certificates (65), from Brazil, Egypt, France, Great Britain, Russia and U.S.A., includes Brazil 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 are cancelled, mixed condition but many are very fine. (65) £140-180 8 An accumulation of 31 certificates mostly from the U.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 Mining Co. certificates, 1900 to 1902; Tramway & Chemin de Fer Electriques Rome-Civita Castellana-Viterbe, 100 france preference share, 1911, generally very fine unless stated. (31) £150-200 Page 5

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Bonds and Share Certificates of the World 9 A large group of miscellaneous bonds and share certificates, the majority Russian (68) with some duplication, but also including Republic of Cuba, 41⁄ 2 % External Loan, $100 bond, 1937, allegorical figures at top, blue and black, with coupons, uncancelled; State of Louisiana Constitutional Bond, 1880, $5, steamboats and other shipping, black, gold seal, with coupons, stamped cancelled; Mexico, 6% Interior Loan, 600 pesos, 1859, and a few 20th century French certificates relating to the film industry, many are very fine. (105) £250-350 10 A very large accumulation of share certificates, option certificates, dividend and call receipts and other paperwork contained in two large boxes, pieces noted are Roumania, 1922, £1000 bond, Confederate States of America scrip certificates, 1883 (2), two sheets of 10 Spanish lottery tickets from 1921, Salisbury Club debentures, 1886 (4) and many more debentures and share certificates, mixed condition but mostly fine to very fine with a few better, must be viewed. (several 100’s) £400-500

AFRICA AND THE MIDDLE EAST ANGOLA

BRITISH EAST AFRICA

12 Imperial British East Africa Company, £20 ordinary shares, London 18[89], no.228, vignettes of company arms with elephant and lions head and various native spears in scrollwork at left, black, very fine and scarce. £120-150 This important Chartered company, formed in 1888, controlled the region now Kenya and Uganda until the territories were made British Protectorates later in the 1890’s.

13 British East Africa and the Sudan, a collection of certificates 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 ink across face; East African Goldfields Ltd., 19[34] and 19[35], printing varieties; Lewa Rubber Estates Ltd., 19[23], 2 different examples; Tanganyika Goldfields Ltd., 19[28]; Kassala Cotton Co. Ltd., 19[40], and, Sudan Exploration Ltd., 190[9], mixed condition, mostly fine to good fine. (10) £60-80

11 Companhia de Angola, 50 franc share, SchaerbeekBruxelles 1899, no.6800, bull elephant emerging from forest at left, wagon train at top, blue with pink underprint, with coupons, very fine to extremely fine. £60-80 www.spink.com

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14 A small collection of certificates relating to British East Africa and British companies in Mozambique, comprising Anglo East African Rubber Plantations Ltd., 19[11]; Bukoba (Tanganyika) Tinfields Ltd., 2 varieties, 192[8] and 192[32]; East & West African Exploration Co. Ltd., 192[1]; East African Goldfields Ltd., 19[34]; Kenya Consolidated Goldfields Ltd., [1936]; Kibwezi Rubber Lands Ltd., 191[0]; Mutamba Sugar Estates Ltd., 19[16], and, Tanganyika Goldfields Ltd., 19[27], generally very fine and better. (9) £60-80

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May 18, 2012 - London

EGYPT

15 Agricultural Bank of Egypt, 31⁄ 2 % Guaranteed Bonds, a pair of specimen bonds for £20 and £100, October 1906 issue, from the Bradbury, Wilkinson & Co. archive, large format, ornate borders, blue and green, with coupons, printers annotation at top edge, about extremely fine. (2) £80-100

16 Anglo-Egyptian Land Allotment Company, bearer warrant for one share of LE4, Cairo 19[30], no.10925, oxen driving a water wheel in the desert, palm trees and pyramids in background, ornate border, green and black, with coupons, extremely fine. £60-80

17 Bank of Egypt Ltd., £25 shares, 190[4], no.3589, company seal at top, scrollwork at left incorporating Sphinx and palm tree, black, seal has split but expertly repaired on the reverse, very fine. £60-80

18 Eastern Autombolies Supplies & Transport Co., a group of certificates for 1 share of LE10 (10), 5 shares (12) and 10 shares (1), Alexandria 1929, large format pieces with ornate borders, blue, green and brown respectively, with coupons, with original brown envelope, 3 of the 1 share, 1 of the 5 share and the 10 share are damaged otherwise very fine. (23) £200-250

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Bonds and Share Certificates of the World

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

20 Fayoum Light Railways Company, founders share, November 1899, re-dated 1st May 1944, together with 4% debenture for £20, 1899, same design with steam train passing pyramids at bottom, ancient figures at left and right, architectural pillars and stylised eagle at top, brown with pink underprint, and green with green underprint, with coupons, very fine and better. (2) £80-100 www.spink.com

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21 National Bank of Egypt, a pair of specimen certificates for 1 share and 10 shares of £10, 1948, from the Bradbury, Wilkinson & Co. archive, large format pieces with ornate borders, red and green, with coupons, the first overprinted specimen in blue, the second with printers annotation at top edge, very fine to extremely fine. (2) £80-100

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May 18, 2012 - London 25 Sednaoui Zariffa Nahas & Co. Ltd., bearer warrant for 100 deferred share of 1/-, 190-, a specimen certificate from the Bradbury, Wilkinson & Co. archives, vignette of palm trees and pyramid, text in English and French, blue and black, with coupons, printers annotation for 1907 at top edge, extremely fine. £80-100

22 Sednaoui Zariffa Nahas & Co. Ltd., bearer warrant for 1 deferred share of 1/-, 190-, a specimen certificate from the Bradbury, Wilkinson & Co. archives, vignette of palm trees and pyramid, text in English and French, red-brown and black, with coupons, printers annotation for 1907 at top edge, small ink mark at top left edge, extremely fine. £80-100 23 Sednaoui Zariffa Nahas & Co. Ltd., bearer warrant for 10 deferred shares of 1/-, 190-, a specimen certificate from the Bradbury, Wilkinson & Co. archives, vignette of palm trees and pyramid, text in English and French, red and black, with coupons, printers annotation for 1907 at top edge, small ink mark at top left edge, extremely fine. £80-100

24 Sednaoui Zariffa Nahas & Co. Ltd., bearer warrant for 25 deferred shares of 1/-, 190-, a specimen certificate from the Bradbury, Wilkinson & Co. archives, vignette of palm trees and pyramid, text in English and French, orange and black, with coupons, printers annotation for 1907 at top edge, extremely fine. £80-100

26 Societe Anonyme du Béhéra, a specimen bearer warrant for 1 share of LE20, Alexandria 1905, from the Bradbury, Wilkinson & Co. archives, large format piece with vignettes of Sphinx at top, pyramids and palm trees at bottom, ornate border, blue-grey and brown, with coupons, stamped PROOF at bottom in red, very fine and scarce. £60-80

27 Societe Anonyme du Béhéra, a specimen bearer warrant for 10 preference shares of £5, Alexandria 1905, from the Bradbury, Wilkinson & Co. archives, large format piece with vignettes of river scene and oxen in field, ornate border, blue and black, with coupons, printers annotation at top dated 1907, very fine. £80-100 Page 9

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Bonds and Share Certificates of the World

OTTOMAN EMPIRE

28 Société Viticole et Vinicole d’Egypte, a group of certificates 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 redbrown, with coupons, better than average condition, very fine to about extremely fine. (3) £80-100

FRENCH CONGO

30 Imperial Ottoman Government Treasury Bill, 1911, a specimen bill for £10,000, payable in June 1913, from the Bradbury, Wilkinson & Co. archive, ornate border, black, with coupons, small hole cancels over signature areas, about extremely fine. £80-100

29 French Congo: Compagnie Agricole du Kouilou, 100 franc share, Paris 1900, no.1390, vignettes all around the border of picking, sorting and packing coffee and cocoa beans, brown with blue underprint, with coupons, extremely fine. £50-60

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May 18, 2012 - London

31 Anglo-Eastern Co-Operative Co. Ltd., £5 ordinary shares, 18[94], no.308, ornate border, red, Ottoman duty stamps at bottom left tied with signature of the secretary, about very fine and rare. £100-150 An English company formed to trade with the Ottoman Empire. The shareholder is related to one of the directors and the address is in Smyrna.

33 Ottoman Financial Association Ltd., certificate for 1 share of £50, 1864, no.2653, ornate border, black, English with title in Arabic below, printed by Bradbury, Wilkinson & Co., very fine. £60-80

32 ‘Ittihad’ Société Anonyme de Navigation Ottomane, certificate for 5 shares of T£1, Salonica 1911, no.143041-143045, issued to Prince Abdul Efendi Hazretleri, second youngest son of Abdulhamid II, large format and very attractive piece with vignette of steamship in centre with lifebelts in each corner, black, green underprint, with coupons, centre folds otherwise about extremely fine. £100-120

34 Société Commerciale Ottomane, one share of T£5, Constantinople 1911, no.16140, ornate border with architectural columns at each side, mauve and black, text in French, Armenian and Arabic, Ottoman revenue stamp at bottom, with coupons, extremely fine. £50-60

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Bonds and Share Certificates of the World

35 Sultan Abdul Hamid Estates Inc., certificate number 14 for 5000 shares of $100 in the name of Her Imperial Highness Zekir Sultana, ornate border, printed by Goes, black with green underprint, about extremely fine. £250-300

PALESTINE

x36 Banque Commerciale de Palestine, 2 livres share, undated but circa 1909, Ottoman arms and toughra at top, view of Palestine at bottom, blue, text in Arabic and French, with coupons; together with Marine Trust Ltd., LP1 shares, Tel-Aviv 1937, ornate border dockside in underprint, blue, with coupons, and, two cancelled South African mining certificates of Rand Mines Ltd., 1[911] and East Rand Properietary Mines Ltd., 19[28], the first is very fine the rest are fine or better. (4) £80-100

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x37 Jewish Colonial Trust (Juedische Colonialbank) Ltd., ordinary share certificate, 1(900), no.28006, vignettes in each corner of the wailing wall, agriculture and industial scenes, blue and black, yellow underprint, with replacement coupons, cut close at bottom from removal of original coupons, about very fine. £60-80 38 No lot

REUNION

39 S.A. de la Rivière des Roches, nominative share of 100 francs, St.Denis 1890, no.4458, lovely design of a factory alongside the river with a bridge in foreground, palm trees with sacks and boxes of produce including tapioca and starch, two small tone spots, extremely fine. £150-200

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RHODESIA

43 An interesting group of South African certificates comprising Kimberley Imperial Gold Mining Co. Ltd., 3 examples dated 1886 and 1887, one signed by Alfred Beit (this with small spike hole); United Pioneer (Moodie’s) Gold Mining Co. Ltd., 1888; Revolver Consolidated Reef Gold Mining Co. Ltd., 1888 (2 examples); Alpine Gold Mining Co. Ltd., 1886 (3 examples); Bultfontein Diamond Mines Ltd., 1896; Consort Consolidated Mines Ltd., 1895, small vignette of the head of Prince Albert, and, Orange River Estates Co. Ltd., 1899 (2 examples), generally very fine and better and a useful lot. (13) £250-300 44 A large group of Southern Africa certificates, nearly all South Africa and Rhodesia, 1890’s to 1950’s, with some duplication and including a few option certificates, many common titles but several scarce examples noted, mixed condition, some with ‘valueless’ across the face in pen, many fine and very fine. (108) £400-500

40 Ayrshire Gold Mine Ltd., a group of 9 first mortgage debentures for £50, 1908, no’s 2136 to 2144, large format pieces with small vignette of the mine head and buildings in centre, ornate borders, green and black, the top piece with surface dirt otherwise very fine. (9) £80-100

SOUTH AFRICA 41 A small group of mostly South African and Rhodesian certificates (12), including Johannesburg Estate Co. Ltd., 18[98] (2 examples); Belgian Mining Trust of South Africa Ltd., 1895; Alice Proprietary Mines (Rhodesia) Ltd., [1899], and Roodepoort United Main Reef Gold Mining Co. Ltd., 19[14], mainly very fine or thereabouts. (12) £60-80 42 A good group of Southern African mining certificates, 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; Klerksdorp Gold & Diamond Co. Ltd., 189[5]; Minerva Gold Mining Co. Ltd., 189[5]; Central Montrose Estate & Gold Mining Co. Ltd., 18[90]; Kobolondo Development Syndicate Ltd., 189[9], and, Abbott’s Consolidated Reefs Ltd, 189[6], the balance are post 1900, generally fine to very fine. (24) £200-250

45 Union of South Africa, Treasury Bills, a group of specimen certificates for £1000 and £5000, dated April 1912, redeemable April 1913, and, £5000 and £10,000, dated April 1913 redeemable November 1913, printed by Charles Skipper & East, ornate borders, black, all perforated specimen except the last which is handwritten and stamped cancelled, very fine to good very fine. (4) £80-100

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Bonds and Share Certificates of the World 48 Kimberley Imperial Gold Mining Company Ltd., £1 shares, Kimberley 188[7], no.1168, signed by Alfred Beit as director, ornate border, blue, Cape of Good Hope revenue stamps bottom left, good very fine and a key signature. £100-120

46 Elands Drift Diamond Estates Ltd., a group of specimen bearer share warrants for 5, 10, 50 and 100 shares of £1, circa 1910, from the Bradbury, Wilkinson & Co. archive, ornate borders, grey, brown, red and blue, text in English and French, with coupons, generally about extremely fine. (4) £80-100

49 Meteor Diamond Mining Co. Ltd., a specimen bearer warrant for £10 share, 1881, ornate border, scrollwork at left, black, with coupons, stamped CANCELLED; together with other specimen certificates of the Transvaal Consolidated Land & Exploration Co. Ltd., 25 shares, 19- (circa 1910), and East Rand Proprietary Mines Ltd., 25 shares, 19- (circa 1910), all printed by Sprague, perforated CANCELLED, surface dirt, toned paper, small edge splits, fine to very fine. (3) £60-80

47 Kimberley Imperial Gold Mining Company Ltd., £1 shares, Kimberley 188[7], no.1169, signed by Alfred Beit as director, ornate border, blue, Cape of Good Hope revenue stamps bottom left, very fine and a key signature. £100-120 Floated in September 1886, owned 60 claims, about 40 miles east of Barberton.

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TUNISIA

51 Compagnie Francaise des Huileries & Savonneries de 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, very fine. £60-80

52 Compagnie Franco Tunisienne de Navigation, 100 franc share, Marseille 190[5], no.2232, attractive piece with architectural borders, North African city at bottom left, harbour scene at bottom right, black, pale mauve underprint, extremely fine. £160-200

50 New Comet Gold Mining Co. Ltd. (South African Republic), a pair of specimen debentures for £50 and £500, printed by W.W. Sprague & Co., 1898, very large format pieces with ornate borders of architectural columns surmounted by griffins, orange-brown with pale blue underprint and blue-green with pink underprint, toned, a couple of tiny edge tears, good very fine. (2) £60-80

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ASIA CHINA

53 Credit Foncier de Tunisie, ‘titre de privelage’, circa 1890, no.3544, attractive piece with large building bottom centre, Arab smoking a long pipe at left, girl carrying water jug at right, signed by the artist Louis Poyet, black, blue underprint, about extremely fine. £80-100

WEST AFRICA 54 An accumulation of certificates from West Africa, all British registered companies from Gold Coast, Nigeria and Liberia, dated 1900 to 1960 but mostly before 1930, includes a few option certificates, a handful are scarce, mixed condition but many fine and very fine. (48) £100-150 55 A group of Chinese bonds (8), comprising 1910 Tientsin-Pukow Railway, £100, English issue; 1913, Lung Tsing U Hai Railway, £20 bonds (2), both with original coupons; 1920 Dutch Loan, 1000 florins; 1923 Dutch Loan, 1000 florins (2 examples), and 1928 Lung Tsing U Hai Railway, Dutch certificates for coupons of the 1920 loan, generally very fine or thereabouts. (8) £140-180

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May 18, 2012 - London 56 An accumulation of Chinese Internal issues, comprising 1937 Liberty Loan, $5 (14), $10 (40) and $100 (1); Canton Hankow Railway Loan, 1930, 100 yuan (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 to very fine. (66) £180-220 57 A group of Chinese certificates, comprising 1913 5% Reorganisation Gold Loan, £20 bonds issued by the Hongkong & Shanghai Banking Corp. (2 examples); 1908 Gold Loan, £100 bond, tape repair at top left; 1898, £100 bond, issued by the Deutsch-Asiatische Bank, and a 1919 ‘Vickers’ Loan, £100 bond; together with a group of 6 Red Cross bonds from Austria, Hungary and Italy, fine to about very fine. (11) £200-300 58 A small group of Chinese bonds comprising, 1913 Reorganisation Gold Loan, £20, issued by the Hongkong & Shanghai Banking Corporation; 1912 5% 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 fine to very fine. (11) £220-280 59 An accumulation of Chinese bonds (14), comprising 1913 5% Reorganisation Loan, £20, Russian ‘green’ issue; 1936, Shanghai Hangchow Ningpo Railway, 6% Loan, £50 bond; 1922 Railway Equipment Loan, £20 bond (8 examples); 1904 Shanghai Nanking Railway, £100; 1919, ‘Vickers’ Loan, £100, and, 1903, 5% Gold Loan, both 1905 and 1907 issues, with coupons, mostly very fine or thereabouts. (14) £250-300 60 An accumulation of Chinese bonds, comprising Tientsin Pukow Railway 5% Loan, 1910, £100, English issue, top left corner missing; 1922 8% Railway Equipment Loan, £20; Lung Tsing U Hai Railway, 1920, 500 franc bonds (65); 1923 Lung Tsing U Hai Railway, 1923, 500 francs; 1925 Lung Tsing U Hai Railway, 500 francs (4); Compagnie Generale de Chemins de Fer et de Tramways en Chine, 250 franc share, 1920, cancelled, and, Compagnie Financiere Belgo-Chinoise, 1926, 2 types, mixed condition, fine to very fine. (75) £250-300

61 A small group of Chinese bonds, comprising; 1913 5% Reorganisation Loan, £20 bonds, British issue (2) and Russian ‘green’ issue; 1911 5% Hukuang Railways Gold Loan, £20 bonds, French issue (2); 1913 Province of Petchili, £20 bond; 1922 Railway Equipment Loan, £20 bonds (2); 1923 Lung Tsing U Hai Railway, 500 francs, and, an odd sheet of coupons only from a Lung Tsing U Hai bond of 1921, generally very fine and better. (10) £250-300 62 A mixed collection of Chinese bonds, comprising 1898, £50 and £100, German issue; 1903 5% Gold Loan, both 1905 and 1907 issues; 1907 Canton Kowloon Railway, £100; 1910 Tientsin Pukow Railway, £100 German issue; 1913 5% Reorganisation Gold Loan, £20, Russian issue, green; 1913 Lung Tsing U Hai, unissued £20 bond; 1920, Lung Tsing U Hai Railway, 1000 florins; 1923, Lung Tsing U hai Railway, 1000 florins; 1936 Shanghai Hangchow Ningpo Railway, £100, and, 1938 Tientsin Pukow Railway, £12, also 2 certificates for 25 shares in the Russian General Oil Corporation Ltd., 1913, a generally good condition lot, very fine and better. (14) £350-400 63 The useful remainder of a Chinese collection, comprising; 1903, Shanghai Nanking Railway; 1907 Canton 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; 1913 Lung 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, £20 bonds (2, one issued the other unissued reserve stock); 1928 Lung Tsing U Hai certificates for unpaid coupons, tranches 1 and 2, and, a group of 5 certificates of the Banque Industrielle de Chine, generally fine to very fine with just a couple of exceptions.

(23) £400-500

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64 1898 41⁄ 2 % Gold Loan, bond for £50, issued by the Hongkong and Shanghai Banking Corporation, large format, ornate border, orange and black, with coupons, minor nicks around edges, heavy centre fold with slight separations, fine to very fine for issue. £200-250

66 1898, 41⁄ 2 % Gold Loan, unissued £25 bond from the reserve stock, issued by the Deutsch-Asiatische Bank, large format, ornate border, red and black, not numbered, no red chop in centre, with all coupons, extremely fine. £300-400

65 1898, 41⁄ 2 % Gold Loan, a group of 26 bonds for £100, issued by the Hongkong & Shanghai Banking Corporation (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, fine to very fine. (26) £700-800

67 1898 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, with coupons, a few edge tears on several but generally better than average, fine to very fine. (16) £300-400 68 1898 41⁄ 2 % Gold Loan, a group of 50 bonds for £100, issued by the Deutsch-Asiatische Bank, large format, 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

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69 1898, 41⁄ 2 % Gold Loan, £500 bond, issued by the Deutsch-Asiatiche Bank, no.D2472, large format, ornate border, mauve and black, hole cancelled over signatures and row of cancellation holes at right side, with coupons from 1932, a few edge tears, tip of top left corner missing, fine and very rare even in cancelled form. £2,000-3,000 Page 19

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Bonds and Share Certificates of the World 75 Shanghai Nanking Railway 5% Loan, 1907 issue, a group of bonds for £100 (50), large elongated format, ornate border, black and red, with coupons, mixed condition, many very fine. (50) £1,200-1,500 76 1907 5% Gold Loan, Canton Kowloon Railway, two bonds for £100; together wth 1903 5% Gold Loan, Shanghai-Nanking Railway, £100 bonds (3), one dated 1904 and two dated 1907, and, Ottoman Empire, provisional receipts for coupons, 1933 (22), mixed condition, the Chinese mostly fine or better. (27) £140-180

70 1899 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 lightly trimmed, very fine for issue. £100-120 71 1899 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 72 Shanghai Nanking Railway 5% Loan, 1904 issue, a group of bonds for £100 (20), large elongated format, ornate border, black and red, with coupons, almost all are very fine to extremely fine. (20) £500-600 73 Shanghai Nanking Railway, 5% Gold Loan, a group of 35 bonds for £100, all first issue dated 1904, long, thin format, red, pink and black, with coupons, mixed condition, a few with tape repairs, many very fine and better. (35) £600-700 74 Shanghai Nanking Railway 5% Loan, 1907 issue, a group of bonds for £100 (36), large elongated format, ornate border, black and red, with coupons, mixed condition, a few with edge tears, many very fine.

(36) £700-900

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77 Canton Kowloon Railway 5% Loan, 1907, a group of 3 bonds for £100, large format, red and black, printed by Waterlow & Sons, with coupons, two are very fine, the third has ragged left edge with small piece missing. (3) £150-180

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May 18, 2012 - London 80 1908 5% Tientsin Pukow Railway Loan, a group of 20 bonds for £100, issued by Chinese Central Railways Ltd., large format, orange and black, printed

by Waterlow & Sons, three have tape repairs otherwise generally fine to very fine. (20) £600-800 81 1908 5% Tientsin Pukow Railway Loan, a group of 30 bonds for £100, issued by Chinese Central Railways Ltd., large format, orange and black, printed

by Waterlow & Sons, generally very fine or nearly so.

(30) £800-1,000

78 1908 41⁄ 2 % Gold Loan, £100 bond, countersigned by the Hongkong & Shanghai Banking Corporation, no.8964, walled city at top, ornate borders, mauve and black, printed by Waterlow & Sons Ltd., no coupons as is usual with this issue, extremely fine and rare in this condition. £240-280

82 1908 5% Tientsin Pukow Railway Loan, a group of 6 bonds for £100, £50 paid, issued by Chinese Central Railways Ltd., large format, orange and black, printed

by Waterlow & Sons, mauve stamp at top ‘Fifty pounds principal repaid/3 Aug 1926’, with replacement coupons, about fine to about very fine. (6) £400-500 83 1908 5% Tientsin-Pukow Railway Loan, a group of 37 bonds for £20, issued by the Deutsch-Asiatische Bank, large format, mauve and pale blue, 32 with coupons, 5 without, mixed condition, a few with tape repairs but many very fine and better. (37) £700-900 84 1908 5% Tientsin-Pukow Railway Loan, a group of 35 bonds for £100, issued by the Deutsch-Asiatische Bank, large format, mauve and green, 20 with coupons, 15 missing coupons, mixed condition, a few with tape repairs, many fine and better. (35) £700-900 85 1908 5% Tientsin-Pukow Railway Loan, a group of 52 bonds for £20, issued by the Deutsch-Asiatische Bank, large format, mauve and pale blue, with coupons, a generally good condition lot, mostly very fine and better. (52) £1,000-1,200 86 1908 5% Tientsin-Pukow Railway Loan, a group of 43 bonds for £100, issued by the Deutsch-Asiatische Bank, large format, mauve and green, with coupons, mixed condition, a few with tape repairs, many fine and better. (43) £1,000-1,200

79 1908 41⁄ 2 % Gold Loan, £100 bond, countersigned by the Hongkong & Shanghai Banking Corporation, no.8966, walled city at top, ornate borders, mauve and black, printed by Waterlow & Sons Ltd., no coupons as is usual with this issue, extremely fine and rare in this condition. £240-280 Page 21

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Bonds and Share Certificates of the World 91 1911 5% Hukuang Railways Sinking Fund Gold Loan, a group of 25 bonds for £100, issued by the Hongkong & Shanghai Banking Corporation, large format, steam train at top, red and black, printed by Waterlow & Sons, with coupons, mixed condition, mostly fine but a few better. (25) £700-900 92 1911 5% Hukuang Railways Sinking Fund Gold Loan, a group of 11 bonds for £100, issued by the American Banking Consortium led by J.P. Morgan & Co., large format, steam train at top, red and black, printed by Waterlow & Sons, with coupons, mixed condition with some damage, mostly fine or better. (11) £300-400 93 1911 5% Hukuang Railways Sinking Fund Gold Loan, a group of 16 bonds for £100, issued by the Banque de L’Indo-Chine, large format, steam train at top, red and black, printed by Waterlow & Sons, with coupons, mixed condition, mostly fine but a few better.

(16) £400-500 87 1911 5% Hukuang Railways Gold Loan, a group of bonds comprising £100 issued by the American Banking Consortium, £20 issued by the Hongkong and Shanghai Banking Corporation, and £20 and £100, both issued by the Deutsch-Asiatische Bank, large format pieces with steam train at top, all with coupons, fine to very fine. (4) £180-220 88 Imperial Chinese Government, 5% Hukuang Railways Gold Loan of 1911, a group of £100 bonds (6), issued by the Hongkong and Shanghai Banking Corporation, large format, vignette of steam train at top, red and black, printed by Waterlow & Sons, with coupons, very fine and better. (6) £250-300 89 Imperial Chinese Government, 5% Hukuang Railways Gold Loan of 1911, a group of £100 bonds (11), issued by the Hongkong and Shanghai Banking Corporation, large format, vignette of steam train at top, red and black, printed by Waterlow & Sons, with coupons, some edge splits and heavy creases, generally fine and better. (11) £300-400 90 1911 5% Hukuang Railways Sinking Fund Gold Loan, a group of 14 bonds for £100, issued by the Banque de L’Indo-Chine, and 2 bonds issued by the Deutsch-Asiatische Bank, large format, steam train at top, red and black, printed by Waterlow & Sons, with coupons, mixed condition, mostly fine but a few better.

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94 1911 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 English on the reverse, with coupons, small nick at top edge, very fine to extremely fine. £200-250

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95 Imperial Chinese Government, 5% Railway Loan of 1911, bond for 500 yen, no.252, ornate border with dragons at top, mauve and black, pale green underprint, with coupons, creased at left edge, very fine. £200-250

97 1911 5% Imperial Railway Loan, set of bonds for 100 yen, 500 yen, 1000 yen and 5000 yen, issued by the Yokohama Specie Bank, ornate borders, Chinese dragons at top, blue, mauve, orange and green respectively, text in Chinese with English on the reverse, with coupons, a few pinholes but all very fine and better. (4) £1,500-2,000

96 Imperial Chinese Government, 5% Railway Loan of 1911, bond for 1000 yen, no.3959, ornate border with dragons at top, orange and black, pale blue underprint, with coupons, endorsement in French at left, very fine. £250-300 Page 23

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98 1912 5% ‘Crisp’ Gold Loan, a group of bonds for £100 (3) and £20 (5), large format, turquoise and blue respectively, red ‘chops’, with coupons, 2 of the £100 and 3 of the £20 are very fine, the others fine to very fine. (8) £250-300

99 1912, 5% Gold ‘Crisp’ Loan, a group of 26 bonds for £20, ornate borders, blue and black with yellow underprint, with coupons, mixed condition, fine to very fine. (26) £400-600 100 1912, 5% Gold ‘Crisp’ Loan, a group of 15 bonds for £100, ornate borders, turquoise and black, with coupons, mixed condition, fine to very fine. (15) £600-800 101 1912, 5% Gold ‘Crisp’ Loan, a group of 25 bonds for £100, ornate borders, turquoise and black, with coupons, mostly very fine or nearly so. (25) £1,000-1,200

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102 1912 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

103 1912 5% Gold ‘Crisp’ Loan, bond for £500, no.0781, large format, ornate border, brown and black with pale blue underprint, red ‘chops’, with coupons, fine to very fine. £250-300 104 1912 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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105 1912 5% Gold ‘Crisp’ Loan, bond for £1000, no.728, large format, ornate border, red and black with yellow underprint, red ‘chops’, with coupons, couple of edge tears otherwise fine to very fine. £600-800 106 1913, 5% Reorganisation Gold Loan, a pair of bonds for £100 issued by the Hongkong & Shanghai Banking Corporation, consecutively numbered, Mercury at top, city view and peasants at either side, blue, printed by Waterlow & Sons, with coupons, very fine to extremely fine. (2) £800-900

107 1913 5% Reorganisation Gold Loan, a group of 3 bonds for £100, issued by the Hong Kong & Shanghai Banking Corporation, ‘Mercury’ at top, peasants and buildings at either side, blue and black, printed by Waterlow & Sons, with coupons, very fine. (3) £1,200-1,600 108 1913 5% Reorganisation Gold Loan, a group of 5 bonds for £100, issued by the Hong Kong & Shanghai Banking Corporation, ‘Mercury’ at top, peasants and buildings at either side, blue and black, printed by Waterlow & Sons, with coupons, one with small edge tear, very fine and better. (5) £2,000-3,000 109 1913 5% Reorganisation Gold Loan, a group of 5 bonds for £100, issued by the Hong Kong & Shanghai Banking Corporation, ‘Mercury’ at top, peasants and buildings at either side, blue and black, printed by Waterlow & Sons, with coupons, good very fine and better. (5) £2,000-3,000 110 1913 5% Reorganisation Gold Loan, a group of 5 bonds for £100, issued by the Hong Kong & Shanghai Banking Corporation, ‘Mercury’ at top, peasants and buildings at either side, blue and black, printed by Waterlow & Sons, with coupons, good very fine. (5) £2,500-3,000

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May 18, 2012 - London 111 1913 5% Reorganisation Gold Loan, bond for £20, issued by the Banque de L’Indo-Chine, ‘Mercury’ at top, peasants and buildings at either side, brown and black, printed by Waterlow & Sons, with coupons (detached), from a frame and somewhat toned, very fine. £80-100 112 1913 5% Reorganisation Gold Loan, a group of 10 bonds for £20, issued by the Banque de L’IndoChine, ‘Mercury’ at top, peasants and buildings at either side, brown and black, printed by Waterlow & Sons, with coupons, one or two with edge tears and some brown tape missing at top edge, many very fine. (10) £1,000-1,200 113 1913 5% Reorganisation Gold Loan, a group of 10 bonds for £20, issued by the Banque de L’IndoChine, ‘Mercury’ at top, peasants and buildings at either side, brown and black, printed by Waterlow & Sons, with coupons, one or two with edge tears and some brown tape missing at top edge, many very fine. (10) £1,000-1,200

115 1913, 5% Reorganisation Gold Loan, a group of 10 bonds for £20, all countersigned by the DeutschAsiatische Bank, Mercury at top, city view and peasants at either side, brown, printed by Waterlow & Sons, with coupons, generally very fine to extremely fine. (10) £800-1,000 116 1913, 5% Reorganisation Gold Loan, a group of 5 bonds for £100 issued by the Deutsch-Asiatische Bank (2) and the Hongkong & Shanghai Banking Corporation (3), Mercury at top, city view and peasants at either side, blue, printed by Waterlow & Sons, with coupons, mixed condition, fine to very fine. £1,800-2,200 117 1913, 5% Reorganisation Gold Loan, a pair of bonds for £100 issued by the Deutsch-Asiatische Bank, consecutively numbered, Mercury at top, city view and peasants at either side, blue, printed by Waterlow & Sons, with coupons, very fine to extremely fine. (2) £800-900 118 1913 5% Reorganisation Gold Loan, £20 bond, Russian issue, green and black; together with Banque Industrielle de Chine, 500 franc share, 1913, capital 45 million, yellow and black, both with coupons, very fine to extremely fine. (2) £100-120

114 1913, 5% Reorganisation Gold Loan, a group of 10 bonds for £20, all countersigned by the DeutschAsiatische Bank, Mercury at top, city view and peasants at either side, brown, printed by Waterlow & Sons, with coupons, generally about extremely fine. (10) £800-1,000 Page 27

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119 1913 5% Reorganisation Gold Loan, a group of 10 bonds for £20, issued by the Russo-Asiatic Bank in St. Petersburg, ‘Mercury’ at top, peasants and buildings at either side, green and black, printed by Waterlow & Sons, with coupons, generally about extremely fine.

(10) £800-1,200

122 1919 6% 2-Year Secured Gold ‘Chicago Bank’ Loan, $1000 bond no.2234, vignette of pagoda at top, orange and black, printed by the American Bank Note Company, with sheet of scrip certificates but no coupons, uneven right edge, fine to very fine £200-300

120 1913, 5% Reorganisation Gold Loan, a group of 10 bonds for £20, all countersigned by the Russo-Asiatic Bank, Mercury at top, city view and peasants at either side, green, printed by Waterlow & Sons, with coupons, extremely fine. (10) £800-1,000 121 1913 Lung Tsing U Hai Railway 5% Gold Loan, a group of 100 bonds for £20, very large format, ornate border, blue and black, text in English and French, with coupons, generally very fine with many better.

(100) £800-1,000 123 1919 8% Sterling Treasury Notes (Vickers Loan), bond for £500, with original coupons, (K501OC), small dockside vignette, blue and black, very fine and a scarce variety. £800-1,000

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May 18, 2012 - London 124 1919 8% Sterling Treasury Notes, ‘Vickers’ Loan, bond for £500, no.9164, vignette of dockside, blue and black, with coupons; together with an unissued reserve stock Lung Tsing U Hai Railway, 1913, Kentucky and Great Eastern Railway Company, unissued $100 bond, 1872 and a Brazil Railway Company, secured debenture, $100, 1919, the first a little creased, good fine, the rest about extremely fine. (4) £140-180 125 1919 8% 10-Year Sterling Treasury Notes (Vickers Loan), a group of 50 bonds for £100, vignette of dockside, green and black, with coupons, mixed condition but mostly very fine. (50) £800-1,000 126 1919 8% 10-Year Sterling Treasury Notes (Vickers Loan), a group of 50 bonds for £100, vignette of dockside, green and black, with coupons, mixed condition but mostly very fine. (50) £800-1,000

129 1925 8% ‘Skoda’ Loan, bond for £1000, no.0026738, ornate border, red and black, ‘chop’ in centre, with coupons, about extremely fine. £220-250 130 1925 8% ‘Skoda’ Loan, a group of 4 bonds for £1000, ornate border, red and black, ‘chop’ in centre, with coupons, near extremely fine. (4) £800-900 131 1925 5% Gold ‘Boxer’ Loan, a group of 14 bonds for $50US, ornate border, brown, yellow underprint, text in English and French, with coupons, generally very fine to extremely fine. (14) £100-120

127 1925 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 fine to extremely fine. (14) £300-400

132 Shanghai Hanchow Ningpo Railway 6% Completion Loan, 1936, a pair of bonds for £50 and £100, very large format, Sun Yat Sen at top right, text in Chinese and English, with coupons, the £100 with 2 large tears at left edge otherwise very fine, the £50 good very fine. (2) £100-120 128 1925 8% ‘Skoda’ Loan, bond for £1000, no.0026736, ornate border, red and black, ‘chop’ in centre, with coupons, about extremely fine. £220-250

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Bonds and Share Certificates of the World 133 1936, 6% Shanghai Hangchow Ningpo Completion Loan, a group of bonds for £50 and £100 (6), large format with vignette of Sun Yat Sen in top right corner, medallion of value in top left corner, green, red and blue & brown, green and blue respectively, with coupons, the £50 only fine, the rest mostly very fine but one or two edge nicks. (7) £300-400 134 1936, 6% Shanghai Hangchow Ningpo Completion Loan, a group of 10 bonds for £100, large format with vignette of Sun Yat Sen in top right corner, medallion of value in top left corner, brown, green and blue, with coupons, a good group all in near extremely fine condition. (10) £500-600

136 1938 Tientsin Pukow Railway Funding Loan, a group of 15 scrip certificates for £12 issued by the Deutsch-Asiatische Bank, red, very fine to extremely fine. (15) £80-120

135 1937 Secured Sinking Fund Bond (Pacific Development Loan), bond for US$1000, no.M2040, pagoda at top, blue and black, with coupons, ABNCo. printing (K.952), extremely fine. £250-300

www.spink.com

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137 1938 27th Year Gold Loan, a group of bonds for US$5 (10) and US$10 (12), blue with pink underprint and brown with yellow underprint, text in English and Chinese, with coupons, mostly very fine and better. (22) £120-150

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138 Province 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 Allied Victory US Dollar Loan, $20, mixed condition but mostly fine to very fine. (15) £100-120

140 Comptoirs en Chine S.A., a dividend share dated 1899, no.898, ornate border, blue, yellow underprint, with coupons, couple of edge tears at top, about very fine and rare. £80-100

139 Shanghai Municipal Council, 6% Loan of 1926, 100 taels, no.D19952, large format piece with Municipal building in centre, yellow and black, endorsed at top right, very fine. £60-80

The company was formed in Belgium in association with the China Commercial & Industrial Company Ltd as a general finance company in the Far East.

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FRENCH INDO-CHINE

JAPAN

141 Banque de Cochinchine S.A., 250 franc nominative share, (1908), no.19199, very striking design of golden sun in the centre with vignettes of buildings, workers in rice field, boats on river and stylised dragon, black on red paper, text in Chinese and French, tiny split in centre where folds meet, very fine. £200-240

INDIA 142 A small group of Indian certificates (7), comprising Southern India Alpha Gold Mining Co. Ltd., 50 rupee shares, 188[1]; Berar Oil Works Ltd., 250 rupee share, 191[3]; Burma Ruby Mines Ltd., 12 shilling founders shares, 18[97], small piece out of top edge; Hutti (Nizam’s) Gold Mines Ltd., £1 shares, 190[9]; Dalbhoom Gold & Miners Prospecting Co. Ltd., 10 rupee ordinary shares, 19[16]; New Kempinkote Gold Field Ltd., 5 shilling shares, 19[14], and, Hindostan (Singhbhoom) Copper Co. Ltd., £5 share, 1862, generally very fine, the first two rare. (7) £80-100 143 An accumulation of Indian subcontinent certificates, mainly British companies, including Devalah-Central Gold Mines Co. Ltd., 188[1]; Indian Consolidated Gold Co. Ltd., 188[6]; Gangwarily Estates Co. of Ceylon Ltd., 189[1927]; Aibheel Tea Co., 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

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x144 1904, 6% Sterling Loan, a specimen bond for £200, vignette of Mount Fuji flanked by vignettes of warship and field artillery, mauve and black, printed by the American Bank Note Company, overprinted SPECIMEN in red, weak at folds with tiny piece missing at left just into the design, about very fine and very rare £300-400

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145 Imperial Japanese Government, 1910 4% Loan, bond for 500 francs, series 28, no.380307, Mount Fuji at top, ornate border, green and black, printed by Waterlow & Sons, with coupons, right edge cut close to right margin where new coupon sheet has been attached, about very fine £120-150

x146 1924, 30-Year Sinking Fund 61⁄ 2 % External Loan, a specimen bond for $100 from the American Bank Note Company archive, vignette of Mount Fuji, brown and black, red overprint of 1952 plan of repayment, with coupons, toned, split along folds otherwise about very fine £200-300

x147 City of Nagasaki, Harbour Loan, 1897, a specimen bond for 50 yen, large format with attractive vignette of shipping in harbour, a 1:60,000 plan of the harbour works on the reverse, ornate border, text all in Japanese, orange and black, about extremely fine and extremely rare £400-500

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MALAYSIA 151 Malaysia and Indonesia: an accumulation of share certificates and a few option certificates (65), a little duplication, all but three dated 1900 to 1958, better pieces noted are Deli-Bedagei Tobacco Plantations Ltd., 189[1]; Scotia Manufacturing Co. Ltd., 193[7], registered in Straits Settlements; Labuan Coalfields Co. Ltd., 190[3]; Chindras Gold Mines Ltd., 190[3]; Ingra Estate Ltd., 190[0]; Ampat (Sumatra) Rubber Estate Ltd., [1921]; Bertam Consolidated Rubber Co. Ltd., 19[24], and, Ipoh Rubber Estates Ltd., 19[26], an interesting group in mixed condition, many fine and a few very fine. (65) £200-300

THAILAND/SIAM

148 Ville de Tokyo (City of Tokyo), 5% Loan of 1912, bond for 500 francs, no.2998, large format piece with vignette of tree lined river with small sailing vessel, electric tram in left border, power station in right border, green and black, printed by Waterlow & Sons, with coupons, good very fine. £80-100 149 Ville de Tokyo (City of Tokyo), 5% Loan of 1912, bond for 500 francs, no.2999, large format piece with vignette of tree lined river with small sailing vessel, electric tram in left border, power station in right border, green and black, printed by Waterlow & Sons, with coupons, slightly grubby left edge otherwise very fine. £70-90 x150 Hypothec Bank of Japan, a group of 41⁄ 2 % debentures for 10 yen (15), Meiji 44 (1911), art nouveau border with building in centre, blue and blue-green; together with 4% debentures also for 10 yen each (15), Taisho 8 (1919), series 72, ornate border, green and orange, all with coupons, generally very fine and better. (30) £300-350

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152 Royal Siamese Government, 7% Sterling Loan, 1922, bond for £100, no.1025, large format piece with Siamese arms at top with steam train to the right and canal scene left, green and black, printed by Waterlow & Sons, with coupons, hole cancelled, some worm holes mainly in the right border otherwise good very fine. £100-150

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May 18, 2012 - London 153 Royal Siamese Government, 7% Sterling Loan of 1922, bond for £100, no.15107, issued by the Hongkong and Shanghai Banking Corporation, large format piece printed by Waterlow & Sons, arms at top flanked by steam train and canal scene, green and black, no coupons remain, hole cancelled, very fine. £120-150

AUSTRALASIA AUSTRALIA 155 Australia and New Zealand: A small group of certificates comprising Yorke Peninsula Mining Co. Ltd., 18[80]; Hauraki (ovpt North Lachlan) Gold Mining Co. Ltd., 1895; Durham and Lord Byron Amalgamated Gold Mining Co. Ltd., 1888, 1891 (2), all with ‘valueless’ in ink across face; Victoria Proprietary Ltd., 1902; Cosmopolitan Proprietary Ltd., 1899, and, Sons of Gwalia Ltd., 1942, fine to very fine. (8) £150-180 156 A group of Western Australian gold mining certificates, comprising; Black Flag Proprietary Co. Ltd., 189[7]; Burbank’s Birthday Gift Gold Mines Ltd., 189[6]; City of London Gold Mines Ltd., 189[6]; Cue 1 Gold Mine Ltd., 189[6]; D’Arcy Wentworth Gold Mines Ltd., 1[901]; Hannan’s Golden Pebbles Ltd., 189[6]; Robinson Gold Mines Ltd., 189[6] and 190[0]; Sam’s Wealth Mines Development Co. Ltd., 1897, and, Windsor Consolidated (W.A.) Gold Mines Ltd., 1[901], an interesting but very varied condition lot in mostly only fine condition with one or two very scarce pieces included. (10) £150-200

154 Royal Siamese Government, 6% Sterling Loan of 1924, a rare set of 4 bonds for £50, £100, £500 and £1000, large format pieces with vignettes of speeding steam train and rice field, ornate borders, brown, red, mauve and blue respectively, printed by Waterlow and Sons, all with coupons, cancelled with three full height red stripes with ‘cancelled’ printed 4 times between, all but the £1000 with very small cancellation holes over signatures, good very fine and better. (4) £700-800

157 A useful group of Australian mining certificates comprising; 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 Link Consolidated Gold Mines Ltd., 189[7]; Great Central Freehold Mines Ltd., 190[1]; Gwalia Proprietary Ltd., 191[1]; Lachlan Gold Fields Ltd., two types, 1[905] and 190[7]; Mount Zeehan (Tasmania) Silver-Lead Mines Ltd., two types both 19[07]; Northern Territories Mines of Australia Ltd., 190[9]; Paringa Consolidated Mines Ltd., [1899]; Peak Hill Goldfield Ltd., 190[6], and, Standard Exploration Co. Ltd., 189[900], generally fine to very fine. (17) £250-350 158 An accumulation of Australian certificates from the 1880’s through to about 1950 (61), the majority are mining related with a little duplication, noted are Lady Shenton Gold Mine Ltd., 189[8]; Duke United Mines Ltd., 190[1]; Victoria & Queen Gold Mining Co. Ltd., 190[4]; Mount Morgan Extended Gold Mining Co. Ltd., 18[89]; Northern Territories Mines of Australia Ltd., 190[9]; Robinson Gold Mines Ltd., 189[6]; Howell’s Consolidated Gold Mines Ltd., 189[9], and Lachlan Gold Fields Ltd., 1[904], very mixed condition but many are fine and better. (61) £400-500 Page 35

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Bonds and Share Certificates of the World 159 A very nice collection of Western Australian gold mining 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 Mine Ltd., 189[7]; Golden Link Consolidated Gold Mines Ltd., 189[7]; Golden Pike & Lake View East Mines Ltd., 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 Gold Mines Ltd., 189[7]; Lady Shenton Gold Mine Ltd., 189[8]; Lake View & Boulder Junction Gold Mines Ltd., 189[6]; Lake View Consols Ltd., 190[3]; Lake View Extended Gold Mine (W.A.) Ltd., 189[9]; Mount Jackson Gold Mines Ltd., 189[8]; Nannine Goldfields Ltd., 18[99]; North Boulder East Block (1896) Ltd., [1899]; South Londonderry Gold & Exploration Ltd., 189[5]; Universal Corporation of Western Australia Ltd., 189[6]; West Australian Gold Fields Ltd., 1906, and, Windsor Consolidated (W.A.) Gold Mines Ltd., 1[901], fine to very fine, some scarce.

(21) £400-600

x160 Australasian Pacific Mail Steam Packet Company, £20 shares, 1852, no.699, issued to Thomas Baring, scrollwork at left, black, corner fold, extremely fine. £40-50

161 Australian Agricultural Company, certificate no.988 for 5 shares of £100 each, London 18[25], classic early Australian piece with vignette of Sydney Harbour engraved by Perkins and Heath, engine turned designs at each side with central medallions of female busts, Governors and Directors listed at left and conditions of shareholding at right, black, green paper seal, 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 of land in New South Wales. In the early 1830’s the company also acquired leases on land at Newcastle, N.S.W. and became one of 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. www.spink.com

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May 18, 2012 - London 162 Emperor Gold Mines Ltd., 10/- shares, 9/- paid, 189[8], ornate border, green, Gold Explorers Ltd., 5/- shares, 4/- paid, 189[5], black, Consolidated Gold 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 good very fine. (4) £120-150

165 Melbourne & Suburban Railway Co., £10 share, 18[59], vignette of steam train about to cross a bridge flanked by a surveyor and a navvy, plan of the route below, 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 by Government controlled Victorian Railways.

163 Golden Arrow Mine Ltd., bearer warrant for 1 share of £1, 189[5], no.196, ornate border, black with yellow underprint, with coupons, very fine to extremely fine. £50-60

164 Hannan’s Napier Gold Company Ltd., a pair of bearer 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 a little discoloured at bottom, otherwise very fine. (2) £60-80

166 Midland Railway Company of Western Australia Ltd., a group of certificates for 4% second mortgage debenture stock, various dates from 1911 to 1924, steam train and tender at top, ornate border, green and black, printed by Bradbury, Wilkinson & Co., generally very fine. (23) £250-350

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

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Bonds and Share Certificates of the World 169 White 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 FULLY PAID, the first toned in the top left quarter, the second with rust mark at top, very fine. (2) £60-80

167 Tasmanian Government debenture for £100, no.706, 1867, large format piece with coat of arms at top, ornate border, blue, stamped PAID over signatures, good very fine £60-80

170 Yudanamutana Copper Mining Company of South Australia Ltd., certificate for 5 shares of £3, 1862, coat of arms in centre, red, small ink mark at top right edge, fine to very fine £60-80

COCOS (KEELING) ISLANDS

168 West Australian Pioneer Syndicate Ltd., a specimen certificate for ordinary shares of £1, from the Bradbury Wilkinson & Co. archive, 189-, swan in scrollwork at left, blue, with counterfoil, perforated specimen at bottom right, slightly crinkled, extremely fine. £60-80 www.spink.com

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171 Treasure Recovery Ltd., 5 shilling shares, fully paid, 193[5], no.1886, underprint map of Cocos Island in the Indian Ocean, ornate border, blue, edge tear at top, very fine. £60-80

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NEW ZEALAND

172 Harbour Board of Westport, 4% Loan, 1885, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archive, ornate border, blue and black, with coupons, extremely fine and rare. £100-120

173 London & New Zealand Exploration Co. Ltd., bearer warrant for 1 deferred share of £1, 18[96], no.0593, large format piece with Maori standing at left, ornate border, green and black with yellow underprint, with coupons, surface dirt to extreme left edge, about extremely fine. £60-80

175 New Zealand Midland Railway Co. Ltd., a large group of bonds comprising First Mortgage Debentures, 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), only 380 issued, and £100 (6), only 265 issued, all large format pieces, black with different colour underprints, all with coupons, all have been spiked at top left corner which has left varying size holes, otherwise fine to very fine and better. (163) £400-500

SAMOA

176 Samoa: Upolu Rubber & Cacao Estates Ltd., £1 shares, 19[16], no.75, ornate border, blue, red seal; together with Caledonia Copper Co. Ltd., £5 shares, [1899], no.1087, attractive vignette of miner and Britannia, printed by Waterlow & Sons, brown, both about very fine. (2) £60-80

174 Moanatairi Gold Mining Co. Ltd., £1 shares, fully paid, [1897], no.82, black, capital overprinted; together with Ethel Reef Gold Mining Co. Ltd., 5/shares, part paid, 189[8], no.895, ornate border, bluegreen, good very fine and about very fine. (2) £60-80 Page 39

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CANADA 177 Canadian gold mining certificates, mostly British companies operating property in British Columbia comprising; Anglo-Canadian Gold Estates Ltd., two types, both 189[9], property in Ontario; Big Valley Creek Gold Mines Ltd., 189[6]; Empire Gold Fields Ltd., 19[01]; Gold Fields of British Columbia Ltd., 189[7]; Golden River Quesnelle Ltd., 189[6]; Le Roi Mining Co. Ltd., 189[9], facsimile signature of Whitaker Wright, endorsements on face; Velvet Portland Mine Ltd., 190[4], and, Waverley Mine Ltd., 189[7], generally fine to very fine. (9) £100-120 178 A collection of Canadian certificates (39), plus option and fractional certificates (9), mostly of British companies, with some duplication, including; Canada Land & Emigration Co. Ltd., 186[7], 3 examples; British America Corporation, 189[8]; Golden River Quesnelle Ltd., 189[6], 3 examples; Canada North West 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 mixed condition, a few with ‘valueless’ in ink across face, fair to very fine. (48) £150-180 179 A group of Canadian certificates comprising, Grand Trunk Railway Company of Canada, Fourth Preference stock, 1860’s (6), 1870’s (5), First Preference stock, 1908, Second Preference stock, 1909 and 1911, and, Third Preference stock, 1907; Northern Bank, Winnipeg, 1906; Canadian bank of Commerce, 1911; Dundee Gold Mining Company, 1897; British Columbia Breweries Ltd., 1918 (5), vignette of river scene and Brewery; Canadian Mineral Rubber Co. Ltd., 1911; New City Estates Ltd., 1914 (20); North Saskatchewan Land Company Ltd., 1 share, 1912 (3) and 10 shares, 1911 (8); Anglo Western Oils Ltd., 1931 (3), and, Swanson Bay Forests Wood-Pulp and Lumber Mills Ltd., 1911 (33), many with vignettes, generally very fine and better. (91) £220-280

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180 British Columbia, City of Vancouver, a specimen bond for £100, 1907, from the American Bank Note Company archives, allegorical female with shipping at dockside at top, ornate border, green and black, overprinted SPECIMEN at bottom, with coupons, good very fine. £80-100

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181 British Columbia, City of Victoria, a specimen bond for £100, 1908, from the American Bank Note Company archives, allegorical female and coat of arms at top, ornate border, green and black, overprinted SPECIMEN at bottom, with coupons, small tear at left edge otherwise extremely fine. £80-100

182 Province of Alberta, City of Calgary, a specimen bond for £100, 1908, from the American Bank Note Company archives, horse drawn plough at top, ornate border, green and black, overprinted SPECIMEN at bottom, with coupons, tri-fold otherwise extremely fine. £60-80

183 Newfoundland Government. 1934 (February 1st), 3% Guaranteed Stock 1943-1963, £100 bond, a specimen certificate numbered B000000 and overprinted SPECIMEN in red, facsimile signature of B. G. Catterns as Chief Cashier of the Bank of England, ornate border, orange-brown, very fine and rare. £150-180

184 Canada Southern Railway Co., second mortgage registered bonds, $10,000, obverse and reverse proofs on india paper, annotated 1883, steam train at left, brakeman at right, brown and black, together with the pages from the original order book of the American Bank Note Co., good very fine. £120-180 Page 41

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185 St. Lawrence and Adirondack Railway Company, a specimen first mortgage 5% gold bond of $100, 1892, printed by the Franklin Bank Note Company, speeding steam train passing waving children, ornate border, green and black, with coupons, slight chipping to bottom corners, good very fine. £100-120

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186 Toronto Railway Company, a specimen first mortgage bond for £100, 1892, from the American Bank Note Company archives, electric tramcar at bottom, allegorical figure with lightning at top, ornate border, slate blue and black, overprinted SPECIMEN in red, with coupons, tri-folded, about extremely fine. £80-100

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187 Canadian Collieries (Dunsmuir) Limited, 5% First Mortgage Bonds, 1910, a set of 3 specimen bonds for £20, £100 and £500 from the Bradbury, Wilkinson & Co. archives, attractive large format pieces with vignette of coal mine at top, ornate border, blue, green and red respectively, text in English, German and French, with coupons, small hole cancels over signature areas, about extremely fine. (3) £100-150

188 Canadian Pacific Lumber Co. Ltd., 6% First Mortgage bonds, a pair of specimen bonds for £20 and £100, 1911, from the Bradbury, Wilkinson & Co. archive, large format pieces with ornate borders, text in English and French, green and brown respectively, with coupons, both about extremely fine. (2) £80-100 189 Empire Mines of British Columbia Ltd., £1 shares, fully paid, 189[9], no.006, black, together with Canadian 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 and French, all are scarce types, very fine and better. (3) £60-80

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189A Hydro-Electric Securities Corporation, a specimen certificate for 50 preferred shares of $10, 192-, printed

by Waterlow & Sons Ltd., vignette of waterfall at top, orange and black, overprinted specimen, in red, with counterfoil, hole cancels over signature area, extremely fine. £60-80

192 Rothschild Cobalt Co. Ltd., $1 shares, 190[6], no.1023, signed M. Rothschild as Vice President and another Rothchild as Secretary, miners underground, ornate border, black and brown with silver underprint, edge tears at folds, fine £60-80

190 North Coast Land Co. Ltd., a group of first charge debentures, 19[12], for £50 (9) and £100 (24), very large format bonds with ornate borders, red and blue respectively, with coupons, generally very fine to extremely fine. (33) £100-150 191 Northern Light, Power & Coal Co. Ltd., a group of 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 lovely vignette 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, all printed by Waterlow & Sons, Ltd., the top couple of pieces a little dusty otherwise about very fine and better.

(16) £120-180

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193 Two Companies from Brantford, Ontario:, Farmers’ Co-operative Packing Company of Brantford Ltd., $20 shares, 190[3], large underprint of cow, flags in top corners, brown and black, gold seal, and, Farmers’ Binder Twine and Agricultural Implement Manufacturing Co of Brantford, Ontario, Ltd., $10 shares, 189[3], large underprint of horse in red, black, gold seal, both very fine. (2) £60-80

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EUROPE AUSTRIA

195 Austrian Government 41⁄ 2 % Guaranteed Conversion Loan 1934-1959, £100 bond, a specimen certificate numbered A000000 and overprinted SPECIMEN in red in several places, ornate border, text in English and German, orange-brown and black, good very fine £120-150 194 Austrian Government International Guaranteed Loan 1933-1953, £100 bond, a specimen certificate numbered A000000 and overprinted SPECIMEN in several places, ornate border, text in English and German, orange-brown and black, good very fine and rare. £150-180

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BELGIUM

197 Comptoir Ryckaert, 500 franc share, Brussels 1900, no.152, very attractive piece with Mercury seated with bare breasted female alongside, designed by Emile Renders, blue-green, good very fine. £400-500

196 Chambre Imperiale et Royale D’Assurance D’Anvers, a lovely insurance policy dated 1755, no.203, covering merchandise being shipped from Ostende, vignette of ships in rough seas at top, black printing on thick paper, handsigned at bottom right, paper seal at left, good very fine and rare. £150-200

198 Grande Distillery du Centre, 100 franc share, Brussels 1898, no.4132, lovely vignette of the company’s factory at Limoges, obverses and reverses of prize medallions around border, coat of arms at bottom, mauve and black, beige underprint, with coupons, extremely fine. £120-150

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BOSNIA-HERZEGOVINA

CROATIA x201 A useful collection of different Croatian certificates (44), dated between 1900 and 1935, many different industries represented, mostly with ornate borders, a few with vignettes, generally with coupons, a handful are cancelled, generally about very fine, many better.

(44) £600-700

x199 Zidovske Banke za Bosnu i Hercegovinu (Jewish Bank of Bosnia Herzegovina), 5 shares of 100 kruna, Sarajevo 1918, no.3496-3500, dark blue printing, pink underprint of Hebrew text and star of David, with coupons, almost extremely fine and scarce. £60-80

BULGARIA

x202 Prue Hrvatske Stedionice, a group of 3 certificates for 10 shares (20,000) kruna, 1921, 1 share of 250 kruna, [1922], and, one share of 1000 kruna, 1923 overwritten 7, all with vignette of cityscape at lower left with allegorical female above, large format, with coupons, a couple of small edge tears, very fine or thereabouts. (3) £60-80

200 Kingdom of Bulgaria, 7% Settlement Loan, 1926, bond for £1000, no.00150, of only 467 issued, large format piece with vignette of peasants in field, ornate border, blue and black, printed by Bradbury, Wilkinson & Co., with coupons, a little edge damage at left just touching the design, fine to very fine and rare. £120-150

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CZECHOSLOVAKIA

203 City of Greater Prague, 71⁄ 2 % Mortgage Loan of 1922, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archive, large format piece with coat of arms at top, ornate border, green and black, with coupons, printer’s annotation in top margin, about extremely fine £80-100

204 Bohemia Joint Stock Bank, Prague, one share of 400 korun, Prague 1920, no.35682, attractive piece with statue of Liberty in the centre with views of Prague and New York either side, flags of both countries at top, brown, red and green, with coupons, extremely fine. £60-80

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205 Slavia Vzajemne Pojistovaci Banka, a life insurance policy, 1935, with huge design on the front cover by Mucha, signed and dated 1907, brown, 4 pages, filing holes in centre which have been carefull plugged, about very fine. £80-100

205A Zwierzina’sche Steinkohlen-Gewerkschaft, Kuxschein, Olmütz [1880], no.125, very attractive piece with vignettes of mining underground, mine buildings, dwarves and allegorical figures, brown and gold, 4 pages, adhesive revenue stamp, very fine and rare £350-450

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DENMARK

206 Mortgage Bank of the Kingdom of Denmark, 45-Year 5% Sinking Fund External Gold Loan, a specimen bond for $500, 1927, from the Bradbury, Wilkinson & Co. archive, large format piece with chariot drawn by 4 bulls at top, brown and black, with coupons, red circular Bradbury specimen stamp at bottom, about extremely fine. £80-100

207 Danish Producers Loan Fund Committee Guaranteed 5% Loan, 1928, a specimen bond for $1000, due 1933, from the Bradbury, Wilkinson & Co. archive, large format piece with allegorical female at top with field of wheat to left and fishermen at right, green and black, with coupons, extremely fine. £60-80 208 Danish Producers Loan Fund Committee Guaranteed 5% Loan, 1928, a specimen bond for $1000, due 1939, from the Bradbury, Wilkinson & Co. archive, large format piece with allegorical female at 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

FRANCE

210 Department of the Seine, 7% Sterling Loan, a specimen bond for £50 from the Bradbury, Wilkinson & Co. archives, large format piece with vignette of Paris, the river and bridges, ornate border, red and black, overprinted ‘specimen’ in blue, with coupons, slight surface dirt, good very fine. £80-100 209 Republic of Estonia, Banking and Currency reform, 7% Loan, 1927, bond for £100, no.A2664, large format piece with view of Tallinn at top, blue and black, printed by Bradbury, Wilkinson & Co., with coupons; together with Eesti Hupoteegipank, 8% mortgage bond for 500 krooni, 19[29], ornate border, red and black with greenish underprint, lacks coupons, both about extremely fine. (2) £100-120

211 Brasserie Coopérative La Gauloise, 100 franc bond, series 1911-1913, dated Lambres 191[2], no.278, of only 400 issued, cockerel at top, barrels and crop at either side, black with pale green underprint, with coupons, extremely fine and rare. £100-120 www.spink.com

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May 18, 2012 - London 214 Compagnie des Tramways Electriques de Limoges a Aixe (Haut-Vienne), a large group of approximately 180 certificates for shares of 100 francs, Paris 1899, ornate border, black, yellow underprint, with coupons, mostly extremely fine and better. (180) £300-400

212 Café de la Paix, founders share, Béziers 1921, no.1301, a very unusual and attractive piece with full height robed figure holding a glass, buildings to either side of the Café and a theatre/opera house, orangebrown and green, with coupons, extremely fine. £400-500

215 Compagnie Parisienne des Voitures Electriques (Procédés Kriéger), 500 franc bond, Paris 1906, no.2991, lovely Art Nouveau design with four of the company’s vehicles at left, mauve and buff, endorsements across face, with coupons, extremely fine. £60-80

Taking their name from the famous Grand Café de la Paix in central Paris, which had been opened since 1867, several other Cafés of the same name sprung up in the 20th century, this one presumably in Murviel les Beziers in the South of France.

216 Concession & Exploitation des Mines de Fer de L’Isle d’Elbe, 1000 francs share, Year 11 (1803), no.39, scrollwork at left, black on attractive watermarked paper, embossed 50 cent revenue stamp, extremely fine. £700-900

213 Casino du Palais de la Jetée-Promenade de Nice, 500 franc share, Nice 190[8], no.1085, nice sepia photographic vignette of the casino at the end of the short pier, ornate border, green and black, with coupons, about extremely fine. £300-400

Iron Mines on the Island of Elba, just off the coast of Tuscany, Italy. Became a French possession in 1802.

Made famous for the place of exile for Napoleon from which he escaped only to be defeated at Waterloo.

Returned to Italy with the unification of the country in 1860.

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217 Crédit Maritime de France, 500 franc bond, 1st series, Paris 1881, no.4777, lovely and large vignette of paddle steamer at top, ornate border, black, pink underprint, with coupons, a couple of small oil stains (from old tape repair), very fine. £200-250

218 Forges et Fonderies Maritimes de Nantes, 100 franc share, 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 grey underprint, with coupons, extremely fine. £60-80

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219 “L’Abeille” Compagnie Nationale de Voitures, founders share, Paris 1899, no.3480, ornate border with two horse drawn coaches at top, winged horses in top corners, black, yellow underprint, with coupons, extremely fine. £200-240

220 L’Aiglon, Compagnie Anonyme d’Assurances a Primes Fixes Contre les Accidents et Autres Risques, 100 franc share, Arcachon 190[4], no.5228, unusual vignette of various cities in 3D map with eagle souring above, ornate border, red and blue, with coupons, tiny repair at top edge, near extremely fine. £80-100

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221 L’Hippodrome, pair of certificates for 100 franc share and ‘part beneficiaire’, 1898, attractive pieces with horses heads, unicorns, fruit and scrollwork, red with green underprint and blue with yellow underprint, with coupons, tiny edge repair on the second piece, extremely fine. (2) £80-100

223 La Participation Sientifique Litteraire & Artistique, ‘part beneficiare’, circa 1880, no.219, attractive design with leaves and scrollwork, blue and orange, signed T. Pory, about extremely fine. £100-120

224 Paris Gigantic Wheel and Varieties Co. Ltd., bearer warrant for 5 shares of £1, London 189[8], no.B5660, Ferris wheel and buildings in centre, naked Fortuna on winged wheel with flags of France and England at left, mauve and black, printed by Waterlow & Sons, with coupons, very fine. £60-80

222 La Gravure Francaise, 500 franc share, Paris 19[34], no.1064, huge signed vignette of woman looking at drawings by Louis Icart, signed by him as administrateur at bottom, dark brown printing, with all coupons, centre fold otherwise extremely fine. £400-500 Page 53

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227 Société Anonyme de Gymnastique Médicale Mécanique (Systéme du Docteur Zander), 500 franc share, 1880, no.133, fascinating piece with vignettes around border of various exercise contraptions, black with pink underprint, with coupons, extremely fine. £60-80

225 Société Anonyme André Citroen, an unissued certificate for 1 tenth preference share, undated but circa 1935, classic design with Citroen logo at top with car driving down a tree lined avenue, red and black, with coupons, extremely fine. £60-80

228 Société des Moteurs et Automobiles Ch.Richard, unissued certificate for 5 preference shares of 100 francs, 1900, lovely vignette of early automobile, underprint of cut-away drawings of engines, ornate border, green and black, with coupons, extremely fine. £60-80

226 S.A. des Eaux Minérales Naturelles de VichyCusset, 100 franc share, Paris 191[0], no.1411, beatiful art Nouveau piece with classically dressed females gathering water from the stream, Park at top, town view at bottom, blue-green, with coupons, extremely fine. £60-80

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229 Société du “Maréorama Hugo d’Alesi”, 100 franc share, Paris 1899, no.9891, beautiful piece with classically dressed figures looking out over a Mediterranean scene, two flagpoles at left, blue and blue-green, with coupons, about extremely fine. £120-150 Built for the Paris Exposition of 1900 this attraction was created by poster artist Hugo d’Alesi and simulated a sea voyage between Marseille and Yokohama. The set took up to ‘700’ passengers on a moving platform with paintings on rollers on each side with views of Algiers, Naples and Istanbul amongst many others.

230 Société Générale des Assurances Agricoles, 100 franc share, Paris [1894], no.11506, ornate design with farming vignettes around border with allegorical female at top, blue, pink underprint, with coupons, about extremely fine. £100-120

231 Soc. Gen. des Grands Crus de Chateauneuf-duPape, 100 franc share, Chateau de la Grande Gardiole a Courthezon 1931, no.6297, ornate border, green, with coupons, interesting piece from this famous wine company, about extremely fine. £60-80

232 Théatres Plages et Casinos S.A., 100 franc share, Paris 191[2], no.2112, large vignette of coastline, looking rather uninhabited apart from a large chateau in the hillside, ornate border, red-brown and black, with coupons, about extremely fine. £200-300

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GERMANY

233 German Government International 51⁄ 2 % Loan, 1930, bond for $1000, no.76464, allegorical female at top, ornate border, mauve and black, text in English, German and French, with coupons from June 1945, almost extremely fine. £150-180

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234 City of Cologne, 6% Sterling Loan of 1928, a set of specimen bonds for £20, £100 and £500, from the Bradbury, Wilkinson & Co. archive, large format with lovely view of Cologne Cathedral at top, ornate borders, blue, brown and red respectively, with modified terms endorsement across face, overprinted ‘specimen’ in red, with coupons, the first with a few creases at edges otherwise extremely fine or nearly so. (3) £200-250

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235 City of Dreden, 51⁄ 2 % Sterling Loan, 1927, bond for £100, no.1685, large format, green and black, with coupons, about extremely fine. £60-80 237 Free State of Saxony, 6% Sterling Loan, 1927, bonds for £20 and £100, allegorical female with industrial view in background, orange and blue, together with City of Dresden, 51⁄ 2 % Sterling Loan, 1927, bond for £100, green, the Dresden has edge tear at left and ink stain at top left edge, fine to very fine; the Saxony very fine to extremely fine. (3) £150-200 238 Free State of Saxony, 6% Sterling Loan, 1927, a pair of specimen bonds from the Bradbury, Wilkinson & Co. archive for £20 and £100, large format with allegorical female at top with industrial view behind, ornate border, orange and blue, with coupons, small tear at top left corner otherwise about extremely fine. (2) £120-150

236 Stadt Dusseldorf, 1908 4% Loan, bond for 1000 marks, no.9748, full height vignette of allegorical female with hammer and anvil, young artist sits below, dark green and yellow with pale green underprint, lacks coupons, about extremely fine and always a popular piece. £300-350 Page 57

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239 Free 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 nicks and a small tear at top centre, very fine. £200-250 240 Bank für Niedersachsen AG, share for 20 gold marks, Hannover 1924, no.B30145, ornate border comprising numerous shields, underprint of white horse, blue with a little pink in underprint, with coupons, about extremely fine. £60-80

x241 Benz & Cie. Rheinische Automobil- Und Motoren-Fabrik AG, a group of 5 teilschuldverschreibung (partial debentures) for 1000 marks, Mannheim 1920, no’s 154, 155, 156, 157 and 158, large format pieces with ornate border, underprint of open touring motor car, brown and black, with coupons, centre folds, almost extremely fine and scarce. (5) £1,000-1,200 x242 Benz & Cie. Rheinische Automobil- Und Motoren-Fabrik AG, a group of 5 teilschuldverschreibung (partial debentures) for 1000 marks, Mannheim 1920, no’s 159, 160, 161, 162 and 163, large format pieces with ornate border, underprint of open touring motor car, brown and black, with coupons, centre folds, almost extremely fine and scarce. (5) £1,000-1,200 243 COSAG, Continentale Stickstoffwerke AG, 1000 reichsmark share, Munich 1922, no.24141, farmer sowing seeds and blacksmith in top corners, floral borders, brown and yellow, with coupons, very fine. £60-80

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244 Industrie und Kultur Verein (Industrial and Cultural Association), 12 gulden share, Nurnberg [1832], no.520, attractive vignette of buildings with grazing horses in the forefront, black, a little trimmed, folds, about very fine. £200-300 The association was mainly involved in horse breeding presumably for the racing industry.

248 Saal-Unstrut-Eisenbahn-Gesellschaft, ordinary share of 100 talers, 1872, no.4893, small railway vignettes in bottom corners, allegorical figures at top, brown with pale blue underprint, lacks coupons, damp stain at extreme left edge but good very fine. £80-100 249 No lot

GREECE

245 Potash Syndicate of Germany (Deutsches Kalisyndikat G.m.b.H), 7% gold loan, 1925, series ‘A’, a group of specimen certificates from the Bradbury, Wilkinson & Co. archive, comprising £20, £50 and £100, plus another £100 with overprint of modified terms, 1956, and printed in a different colour to the orginal large format pieces with vignete of the huge factory at top, mauve, orange, red and green respectively, with coupons, generally about extremely fine. (4) £80-100 246 Potash Syndicate of Germany (Deutsches Kalisyndikat G.m.b.H), 7% gold loan, 1925, series ‘B’, a group of specimen certificates from the Bradbury, Wilkinson & Co. archive, comprising £20 and £100, plus another £20 with overprint of modified terms, 1956, and printed in a different colour to the orginal large format pieces with vignete of the huge factory at top, mauve, red and orange respectively, with coupons, generally about extremely fine. (3) £60-80 247 Potash Syndicate of Germany (Deutsches Kalisyndikat G.m.b.H), 7% gold loan, 1925, series ‘C’, a group of specimen certificates from the Bradbury, Wilkinson & Co. archive, comprising £50 and £100, plus £20 and £100 with overprint of modified terms, 1956, and printed in a different colour to the orginals, large format pieces with vignete of the huge factory at top, orange, red, orange and green respectively, with coupons, generally about extremely fine. (4) £80-100

250 Kingdom of Greece, 5% Loan, 1884, an extremely rare set of certificates for 1, 5 and 10 bonds of £20 or 500 francs, coat of arms at top, ornate border, black with grey, yellow and pink underprints respectively, with coupons from 1941, with heavy folds, fine to very fine, the 5 and 10 bonds both rare. (3) £150-200 Page 59

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251 Kingdom of Greece, 1889, 4% Consolidated Gold Rentes, bond for £100, series B, no.13389, large format 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 fine and rare. £100-120

253 Greek Government 1924 7% Refugee Loan, pair of bonds for £100, one with coupons from 1941, the other with coupons replaced by certificate of acceptance of the 1965 repayment offer, large format, peasants and children at top, ornate border, green and black, printed by Bradbury, Wilkinson & Co., very fine and better. (2) £80-100

252 1890 5% Greek Loan (Piraeus Larissa Railway), £500 bond, no.57213, very large format piece with Greek coat of arms at top, steam engine and tender at bottom, allegorical females at either side, black, pink and mauve, text in 4 languages, removed from an old frame, hole in centre through embossed seal, heavy centre fold with old repair on the reverse, fine but very rare. £80-100

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254 Greek Government 1924 7% Refugee Loan, pair of bonds for US$500, no.0069 and US$1000, no.3588, peasant woman and children at top, large format, ornate border, blue and green respectively, with coupons, the $500 with edge tears at left and bottom, fine, the $1000 good very fine. (2) ÂŁ100-150

255 Hellenic Republic, 1925 External Sinking Fund 8% Gold Loan, bond for $1000, no.472, allegorical female and cherub at top, green and black, text in English and Greek, printed by the American Bank Note Co., tear at centre fold on left, creased but about very fine and rare. ÂŁ100-150

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256 Greek Government 1928 6% Stabilisation and Refugee Loan, pair of bonds for £500 and £20, large format, winged goddess at top, ornate border, mauve and red respectively, with coupons from 1941, about very fine and good very fine, both rare. (2) £100-150

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257 Greek Government 6% Stabilisation and Refugee Loan of 1928, a specimen bond for £1000 from the Bradbury, Willkinson & Co. archive, large format, goddess Nike at top, ornate border, orange and black, with coupons, extremely fine. £80-100

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258 Greek Government 1928 40-Year 6% secured Sinking Fund Gold Loan, pair of bonds for US$500, no.D2067 and US$1000, no.M15068, allegorical figure at top, ornate border, orange and mauve respectively, with coupons, couple of edge tears on the $500, about very fine, the $1000, very fine. (2) £100-150

259 Greek Government 6% Public Works Sterling Loan, 1931, pair of bonds for £20 and £100, very large format, classical head at top, ornate border, text in English, French and Greek, mauve and orangebrown respectively; together with National Mortgage Bank of Greece, £100 bond, reduced to £50 by endorsement, 1927, large format, green, with coupons from 1973; Piraeus-Athens-Peloponnesus Railway Co., £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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262 Weaving and Dyeing Co. Ltd., Th.D. Velissaropoulos and Brothers, a set of 4 certificates for 1, 2, 10 and 25 shares of 500 drachma each, Syra 19[32], vignettes of factories with cockerel in the centre, various colours, with coupons, the last with edge tears at top and right edge otherwise very fine to extremely fine. (4) £60-80 260 Hellenic Electric Railways Co. Ltd., a group of certificates 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 and black respectively, with coupons, all with Swiss Bank Corporation endorsement dated 1951, generally very fine to about extremely fine. (76) £300-400 261 Piraeus-Athens-Peloponnesus Railway Co., 4% Loan, 1912, a group of bonds for 500 drachma or £20 (5) and 2500 drachma or £100 (13), very large format pieces with steam engine and tender at top, ornate border with ancient Greek vignettes, text in French, Greek and English, with coupons, most have some edge tears, otherwise fine to very fine. (18) £150-200

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HUNGARY 263 British and Hungarian Bank Ltd., 5 shares of 50 pengo, 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

264 Hlutafjelagid Eimskipafjelag Islands, 50 kroner share, Reykjavik [1917], no.4571, steamship at top, Icelandic figures at left and right, allegorical female at bottom, blue and brown with yellow underprint, very fine. £250-300

MONTENEGRO

266 Principality of Montenegro, 5% Loan, 1909, pair of bonds for £20, no.2214 and £100, no.1574, allegorical female at top, ornate borders, blue and green respectively, printed by Waterlow & Sons, both lack coupons, very fine and nearly so, the last rare. (2) £180-220

NETHERLANDS

ITALY 265 Victor Emanuel Mining Co. Ltd., 10% debenture for £500, 186[4], plain black printing, with coupons, slight foxing, about very fine. £60-80

267 Krasnapolsky 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 famous Amsterdam landmark which still exists.

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PORTUGAL 268 Cia de Mineraçao de Pintor, Pindello e Ferral, a group of 30 certificates for one share of 22$500, undated but circa 1880, large format, ornate border, text in Portuguese and English, black, yellow underprint, a handful with very minor edge nicks, very fine to extremely fine. (30) £100-150

270 Companhia Commerciale Vinicola da Bairrada, 50 reis share, 1st issue, Mealhada 18[75] (date not completed in error), no.151, large format piece with border of numerous cherubs within ornate scrollwork, black, pink underprint, split at centre fold with strengthening repair on reverse, otherwise good very fine £200-220

269 Companhia 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, very fine to extremely fine. £160-180

271 Companhia da Fabrica Nacional de Lanificios de Portalegre, 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 until 1865, extremely fine. £100-120

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272 Consórcio Português de Pesca e Conserva, 5 shares of 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

273 Empreza Industrial da Luz Lagos, a pair of certificates for 1 and 5 shares of 100 reis, Lisbon 19[06], allegorical figures with tools and merchandise, ornate border, blue and brown respectively, both about extremely fine. £100-120

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274 Fabrica de Faianças das Caldas da Rainha, certificate for one share of 20$000, Lisbon 1884, no.1424, a beautiful certificate 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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May 18, 2012 - London 275 SACOR - Sociedad Anonima Concessionaria da Refinacao de Petroleos em Portugal, a group of specimen bearer shares from the Bradbury, Wilkinson & Co. archive, comprising, 1938, 20 shares; 1951, 1 share; 1953, 1 share, 20 shares and 500 shares; 1958, 1 share, and, 1965, 1, 5, 10, 20, 50, 100 and 500 shares, all with stylised oil refinery at top, very colourful, with coupons or counterfoil, generally extremely fine and better. (13) £150-200

ROUMANIA

276 Roumanian 4% Consolidation Loan, 1922, a pair of specimen bonds for £100 and £500 from the Bradbury, Wilkinson & Co. archives, large format pieces 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

277 Banca Centrala, 500 lei, Cluj 1920, no.24305, very colourful piece with harbour scene and 4 funnel steamship at top, ornate multicoloured border, good very fine. £80-100

278 “Mica” Societate Anonima Romana Miniera Bucuresti, a set of specimen certificates from the Bradbury, Wilkinson & Co. archive, for 1, 5 and 10 shares of 500 lei, 1936, very colourful pieces with ornate borders, scrollwork underprints, orange, blue and mauve, with coupons, extremely fine. (3) £60-80

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SPAIN

x279 Spanish 5% Perpetual Loan, 1836, bond for £200, no.5212, signed by Gabriel-Julien Ouvrard as Contractor, ornate scrollwork at left, coupons at right, black, centre fold otherwise extremely fine. £80-100 Loan issued to aid Charles V during the Carlist Wars in his bid to acquire the throne of Spain.

280 First Carlist War: 5% Loan. 1837, certificate for 200 pesos dated 1839, small format piece with attractive scrollwork at left, black, extremely fine. £120-150 Upon the death of Ferdinand VII in 1833 the crown passed to his wife as Regent for their infant daughter Isabel II. Ferdinand’s brother Charles thought he should be proclaimed King and war broke out between the two factions which lasted 7 years. Charles successors fought several wars during the 19th century to try to regain the throne but failed each time. This loan was raised to aid Charles attempt and was payable on his entry to Madrid.

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A Fine Group of Specimen Government Bonds

281 Law of May 1882, 4% Perpetual Exterior Loan, a specimen bond for 1000 pesetas, dated 1891, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the young King Alfonso XIII at top, coat of arms below, black, green underprint, with coupons at either side, a few folds, good very fine. £100-120 282 Law of May 1882, 4% Perpetual Exterior Loan, a specimen bond for 2000 pesetas, dated 1891, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the young King Alfonso XIII at top, coat of arms below, black, mauve underprint, with coupons at either side, about extremely fine but split in extreme bottom margin. £100-120 283 Law of May 1882, 4% Perpetual Exterior Loan, a specimen bond for 4000 pesetas, dated 1891, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the young King Alfonso XIII at top, coat of arms below, black, grey underprint, with coupons at either side, a few folds, good very fine. £100-120

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284 Law of March 1900, 4% Perpetual Exterior Loan, a specimen bond for 500 pesetas, dated July 1900, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the King Alfonso XIII as a boy at top, allegorical figures below, black, green underprint, with coupons at either side, a few folds, very fine. £100-120

285 Law of August 1899 and April 1906, 5% Loan, a specimen bond for 500 pesetas, dated May 1900, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the King Alfonso XIII as a boy at top, Spanish coat of arms below, black, green underprint, with coupons at left, about extremely fine. £100-120 286 Law of August 1899 and April 1906, 5% Loan, a specimen bond for 2500 pesetas, dated May 1900, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the King Alfonso XIII as a boy at top, Spanish coat of arms below, black, mauve underprint, with coupons at left from 1907, about extremely fine. £100-120

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Bonds and Share Certificates of the World 287 Law of August 1899 and April 1906, 5% Loan, a specimen bond for 5000 pesetas, dated May 1900, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the King Alfonso XIII as a boy at top, Spanish coat of arms below, black, blue underprint, with coupons at left from 1907, a little creased at edges, about extremely fine. £100-120 288 Law of August 1899 and April 1906, 5% Loan, a specimen bond for 12,500 pesetas, dated May 1900, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the King Alfonso XIII as a boy at top, Spanish coat of arms below, black, orangebrown underprint, with coupons at left from 1907, good very fine. £100-120 289 Law of August 1899 and April 1906, 5% Loan, a specimen bond for 25000 pesetas, dated May 1900, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the King Alfonso XIII as a boy at top, Spanish coat of arms below, black, orange underprint, with coupons at left from 1907, good very fine. £100-120 290 Law of August 1899 and April 1906, 5% Loan, a specimen bond for 50,000 pesetas, dated May 1900, from the Bradbury, Wilkinson & Co. archive, large format piece with head of the King Alfonso XIII as a boy at top, Spanish coat of arms below, black, pink underprint, with coupons at left from 1907, good very fine. £120-150 291 1908 4% Amortisable Debt, a specimen bond for 12,500 pesetas, from the Bradbury, Wilkinson & Co. archive, Series D, Madrid 1908, large format piece with portrait of the young King Alfonso XIII, Spanish arms above, ornate borders, brown and black, printers’ annotation for March 1909 at top edge, almost extremely fine. £150-200

292 Decree of December 1908, 4% Perpetual Interior Loan, a specimen bond for 100 pesetas, dated 1908, from the Bradbury, Wilkinson & Co. archive, large format piece with portrait of King Alfonso XIII as a young man in military uniform at top, cherub below, black, mauve underprint, with coupons at either side, printers’ annotation for 1916 in top margin, about extremely fine. £100-120 293 Decree of December 1908, 4% Perpetual Interior Loan, a specimen bond for 200 pesetas, dated 1908, from the Bradbury, Wilkinson & Co. archive, large format piece with portrait of King Alfonso XIII as a young man in military uniform at top, cherub below, black, orange-brown underprint, with coupons at either side, printers annotation for 1911 at top, good very fine. £100-120 294 Decree of December 1908, 4% Perpetual Interior Loan, a specimen bond for 500 pesetas, dated 1908, from the Bradbury, Wilkinson & Co. archive, large format piece with portrait of King Alfonso XIII as a young 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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May 18, 2012 - London 295 Decree of December 1908, 4% Perpetual Interior Loan, a specimen bond for 2500 pesetas, dated 1908, from the Bradbury, Wilkinson & Co. archive, large format piece with portrait of King Alfonso XIII as a young man in military uniform at top, cherub below, black, orange underprint, with coupons at either side, about extremely fine. £100-120 296 Decree of December 1908, 4% Perpetual Interior Loan, a specimen bond for 25,000 pesetas, dated 1908, from the Bradbury, Wilkinson & Co. archive, large format piece with portrait of King Alfonso XIII as a young man in military uniform at top, cherub below, black, grey-green underprint, with coupons at either side, about extremely fine. £100-120 297 Decree of December 1908, 4% Perpetual Interior Loan, a specimen bond for 50,000 pesetas, dated 1908, from the Bradbury, Wilkinson & Co. archive, large format piece with portrait of King Alfonso XIII as a young man in military uniform at top, cherub below, black, grey-green underprint, with coupons at either side, about extremely fine. £80-100

299 Decree of June 1915, 4.75% Treasury Loan, a specimen bond for 500 pesetas, dated July 1915, from the Bradbury, Wilkinson & Co. archive, large format piece with three quarters portrait of King Alfonso XIII in military uniform at top, blue, yellow underprint, with coupons at right, about extremely fine. £100-120

298 Decree of June 1915, 4.50% Treasury Loan, a specimen bond for 500 pesetas, dated July 1915, from the Bradbury, Wilkinson & Co. archive, large format piece with three quarters portrait of King Alfonso XIII in military uniform at top, brown, pink and pale green underprint, with coupons at right, good very fine. £100-120 Page 73

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300 Decree of March 1917, 5% Loan, a specimen bond for 500 pesetas, dated May 1917, from the Bradbury, Wilkinson & Co. archive, large format piece with three quarters portrait of King Alfonso XIII in military uniform at top, Spanish arms below, green, pinkishbrown underprint, with coupons at either side, good very fine. £100-120

304 Decree of August 1919, 4% Perpetual Interior Loan, a specimen bond for 500 pesetas, dated August 1919, from the Bradbury, Wilkinson & Co. archive, large format piece with head and shoulders portrait of King Alfonso XIII in military uniform at top, Spanish arms above, green, pink underprint, with coupons at either side, good very fine. £100-120

301 Decree of March 1917, 5% Loan, a specimen bond for 2500 pesetas, dated May 1917, from the Bradbury, Wilkinson & Co. archive, large format piece with three quarters portrait of King Alfonso XIII in military uniform at top, Spanish arms below, purple, pink & blue underprint, with coupons at either side, about extremely fine. £100-120

305 Decree of August 1919, 4% Perpetual Interior Loan, a specimen bond for 2500 pesetas, dated August 1919, from the Bradbury, Wilkinson & Co. archive, large format piece with head and shoulders portrait of King Alfonso XIII in military uniform at top, Spanish arms above, brown, orange-brown underprint, with coupons at either side, about extremely fine. £100-120

302 Decree of March 1917, 5% Loan, a specimen bond for 5,000 pesetas, dated May 1917, from the Bradbury, Wilkinson & Co. archive, large format piece with three quarters portrait of King Alfonso XIII in military uniform at top, Spanish arms below, blue, yellow underprint, with coupons at either side, good very fine. £100-120 303 Decree of March 1917, 5% Loan, a specimen bond for 12,500 pesetas, dated May 1917, from the Bradbury, Wilkinson & Co. archive, large format piece with three quarters portrait of King Alfonso XIII in military uniform at top, Spanish arms below, purple, lime-green underprint, with coupons at either side, good very fine. £100-120

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306 Decree of August 1919, 4% Perpetual Interior Loan, a specimen bond for 5,000 pesetas, dated August 1919, from the Bradbury, Wilkinson & Co. archive, large format piece with head and shoulders portrait of King Alfonso XIII in military uniform at top, Spanish arms above, blue, pink underprint, with coupons at either side, about extremely fine. £100-120 307 Decree of August 1919, 4% Perpetual Interior Loan, a specimen bond for 12,500 pesetas, dated August 1919, from the Bradbury, Wilkinson & Co. archive, large format piece with head and shoulders portrait of King Alfonso XIII in military uniform at top, Spanish arms above, purple, pink underprint, with coupons at either side, about extremely fine. £100-120

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May 18, 2012 - London 308 Decree of August 1919, 4% Perpetual Interior Loan, a specimen bond for 50,000 pesetas, dated August 1919, from the Bradbury, Wilkinson & Co. archive, large format piece with head and shoulders portrait of King Alfonso XIII in military uniform at top, Spanish arms above, red, red underprint, with coupons at either side, about extremely fine. £100-120

311 Law of February 1920, 5% Loan, a specimen bond for 12,500 pesetas, from the Bradbury, Wilkinson & Co. archive, large format piece with facing portrait of King Alfonso XIII in military uniform at top, Spanish arms below, black, brown underprint, with coupons at either side, centre fold otherwise about extremely fine. £100-120 312 Law of February 1920, 5% Loan, a specimen bond for 25,000 pesetas, from the Bradbury, Wilkinson & Co. archive, large format piece with facing portrait of King Alfonso XIII in military uniform at top, Spanish arms below, black, yellow underprint, with coupons at either side, centre fold otherwise about extremely fine. £100-120 313 Law of February 1920, 5% Loan, a specimen bond for 50,000 pesetas, from the Bradbury, Wilkinson & Co. archive, large format piece with facing portrait of King Alfonso XIII in military uniform at top, Spanish arms below, black, pink underprint, with coupons at either side, centre fold otherwise about extremely fine. £100-120

309 Law of February 1920, 5% Loan, a specimen bond for 500 pesetas, from the Bradbury, Wilkinson & Co. archive, large format piece with facing portrait of King Alfonso XIII in military uniform at top, Spanish arms below, black, green underprint, with coupons at either side, good very fine. £100-120 310 Law of February 1920, 5% Loan, a specimen bond for 2500 pesetas, from the Bradbury, Wilkinson & Co. archive, large format piece with facing portrait of King Alfonso XIII in military uniform at top, Spanish arms below, black, mauve underprint, with coupons at either side, good very fine. £100-120

314 Law of April 1921, 5% Treasury Loan for the Development of Nacional Industry, a specimen bond for 100 pesetas, from the Bradbury, Wilkinson & Co. archive, large format piece with left facing head and shoulders portrait of King Alfonso XIII in military uniform at top, Spanish arms above, red and black, with coupons at either side, good very fine. £100-120

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Bonds and Share Certificates of the World 315 Law of April 1921, 5% Treasury Loan for the Development of Nacional Industry, a specimen bond for 500 pesetas, from the Bradbury, Wilkinson & Co. archive, large format piece with left facing head and shoulders portrait of King Alfonso XIII in military uniform at top, Spanish arms above, blue and black, with coupons at either side, good very fine. £100-120 316 Law of April 1921, 5% Treasury Loan for the Development of Nacional Industry, a specimen bond for 5,000 pesetas, from the Bradbury, Wilkinson & Co. archive, large format piece with left facing head and shoulders portrait of King Alfonso XIII in military uniform at top, Spanish arms above, purple and black, with coupons at either side, very fine. £100-120

318 1933 4% Public Debt, a specimen bond for 1000 pesetas from the Bradbury, Wilkinson & Co. archive, large format piece with allegorical female and lion at top, Spanish arms below, green, with coupons at either side, extremely fine. £80-100 319 1933 4% Public Debt, a specimen bond for 2000 pesetas from the Bradbury, Wilkinson & Co. archive, large format piece with allegorical female and lion at top, Spanish arms below, orange, with coupons at either side, extremely fine. £80-100 317 Law of December 1929, 6% Interior Treasury Loan, a specimen bond for 1000 pesetas, dated 1930, from the Bradbury, Wilkinson & Co. archive, large format piece with three quarters facing portrait of King Alfonso XIII, slate blue with pink underprint, coupons at either side, overprinted specimen in red and with circular Bradbury specimen stamp at bottom, very fine to extremely fine. £100-120

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320 1933 4% Public Debt, a specimen bond for 4000 pesetas from the Bradbury, Wilkinson & Co. archive, large format piece with allegorical female and lion at top, Spanish arms below, mauve, with coupons at either side, extremely fine. £80-100 321 1933 4% Public Debt, a specimen bond for 6000 pesetas from the Bradbury, Wilkinson & Co. archive, large format piece with allegorical female and lion at top, Spanish arms below, purple, with coupons at either side, extremely fine. £80-100

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May 18, 2012 - London 322 1933 4% Public Debt, a specimen bond for 12,000 pesetas from the Bradbury, Wilkinson & Co. archive, large format piece with allegorical female and lion at top, Spanish arms below, olive-green, with coupons at either side, extremely fine. £80-100 323 1933 4% Public Debt, a specimen bond for 24,000 pesetas from the Bradbury, Wilkinson & Co. archive, large format piece with allegorical female and lion at top, Spanish arms below, red, with coupons at either side, extremely fine. £80-100 324 1933 4% Public Debt, a specimen bond for 200 pesetas from the Bradbury, Wilkinson & Co. archive, series H, large format piece with allegorical female and lion at top, Spanish arms below, brown, with coupons at either side, extremely fine. £80-100

326 1933 4% Public Debt, for Spanish Domiciles, a specimen bond for 2000 pesetas from the Bradbury, Wilkinson & Co. archive, series A, large format piece with allegorical female and lion at top, Spanish arms below, orange, with coupons at either side, extremely fine. £80-100 327 1933 4% Public Debt, for Spanish Domiciles, a specimen bond for 4000 pesetas from the Bradbury, Wilkinson & Co. archive, series C, large format piece with allegorical female and lion at top, Spanish arms below, mauve, with coupons at either side, extremely fine. £80-100 328 1933 4% Public Debt, for Spanish Domiciles, a specimen bond for 6000 pesetas from the Bradbury, Wilkinson & Co. archive, series D, large format piece with allegorical female and lion at top, Spanish arms below, maroon, with coupons at either side, extremely fine. £80-100 329 1933 4% Public Debt, for Spanish Domiciles, a specimen bond for 12,000 pesetas from the Bradbury, Wilkinson & Co. archive, series E, large format piece with allegorical female and lion at top, Spanish arms below, olive-green, with coupons at either side, extremely fine. £80-100 330 1933 4% Public Debt, for Spanish Domiciles, a specimen bond for 24,000 pesetas from the Bradbury, Wilkinson & Co. archive, series F, large format piece with allegorical female and lion at top, Spanish arms below, red, with coupons at either side, extremely fine. £80-100 331 1933 4% Public Debt, for Spanish Domiciles, a specimen bond for 100 pesetas from the Bradbury, Wilkinson & Co. archive, series G, large format piece with allegorical female and lion at top, Spanish arms below, purple, with coupons at either side, extremely fine. £80-100

325 1933 4% Public Debt, for Spanish Domiciles, a specimen bond for 1000 pesetas from the Bradbury, Wilkinson & Co. archive, series A, large format piece with allegorical female and lion at top, Spanish arms below, green, with coupons at either side, extremely fine. £80-100

332 1933 4% Public Debt, for Spanish Domiciles, a specimen bond for 200 pesetas from the Bradbury, Wilkinson & Co. archive, series H, large format piece with allegorical female and lion at top, Spanish arms below, brown, with coupons at either side, extremely fine. £80-100

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333 Barcelona Auto S.A., 250 peseta share, 1914, no.741, early automobile at top left, black, pale green underprint, tiny tone spot, very fine to extremely fine. £80-120

334 Canales Imperial, 1000 reales (paper) share in the lottery created 1805, dated 1807, no.62, small format piece with ornate borders, black, 4 pages, centre fold, about extremely fine. £250-300 www.spink.com

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335 Compañia de Los Ferro-Carriles de Mallorca, 5% Bond, 500 pesetas, Palma 1885, a specimen certificate from the Bradbury, Wilkinson & Co. archive, very attractive piece with vignettes of allegorical females with steam trains either side and a fine vignette of a steam train in centre, black and mauve, with coupons, perforated SPECIMEN at lower left, about extremely fine £60-80

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336 Compania Real de Toledo, one share of 3000 realles de vellon, [1748], no.80, classic Spanish piece with heavy scrollwork border with religious figures at top, numerous flamboyant hand signatures, black printing, on vellum, large paper seal attached to bottom left, a lovely example in almost extremely fine condition. ÂŁ1,500-2,000

337 Compania Real Guipuzcoana de Caracas, 500 escudos share, 1766, no.3676, ornate border with arms of the company at top, allegorical figures, scrollwork and foliage to the sides, black printing, on vellum, paper seal at bottom left, good very fine and scarce. ÂŁ2,000-2,500 Page 79

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338 Construcciones y Protectos, S.A. Peninsular, pair of certificates for 500 peseta share, April 1948, no.3361 and June 1948, no.1386, striking but different designs of bridge and high rise buildings, very colourful printing in black with lime green and pink and blue and pink underprints respectively, with coupons, single fold otherwise extremely fine. (2) £80-100

339 Hilaturas Navarro - Cabedo S.A., 5,000 peseta share, Valencia 1927, no.672, a large and striking piece with golden spiders’ web in centre, numerous allegorical figures at either side and a large bull, signed Marco-Perez, gold, brown and yellow, with coupons, good very fine. £400-500

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340 Industria Nacional de Taximetros y Aparatos de Precisión S.A., pair of certificates for 500 peseta shares, series A and series B, Madrid 1930, interesting vignettes of charge metre with early taxis in background, blue and brown respectively, with coupons, endorsement on face, extremely fine. (2) £80-100

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343 Minas y Ferrocarril Utrillas S.A., 500 peseta share, Zaragoza 1902, no.3809, very attractive piece with winged wheel in wreath in centre flanked by stylised steam train, coats of arms and mining tools, dark blue and red, with coupons, good very fine. £60-80 341 La Hispano Suiza Fabbrica de Automóviles S.A., 500 peseta share, 7th issue, Barcelona 1918, no.11201, full length vignette of female in ‘art nouveau’ style, motor car in background, dark green and red, right edge uneven where coupons removed, good very fine. £150-180

342 La Segunda Carbonera de Cordoba, Sociedad Minera, certificate for 1 share, 1855, no.163, beautiful piece with architectural border, foliage and allegorical females, steamships and mining engine house, black, extremely fine. £150-200

344 Nueva Buena Dicha Sociedad Minera, share number one, 2nd quarter, Madrid 1854, very attractive piece printed 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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346 Sociedad de Minas La Estrangera, share number 5, May 1854, attractive piece with heavy scrollwork border with mining tools at top, winding gear at bottom, black, 4 pages, about extremely fine. £60-80 345 Sociedad Anonima Bodegas Bilbainas, 500 peseta share, Bilbao 1940, no.14957, very attractive piece with female holding wine bottle and glass, bunches of grapes at top corners, winery building at top, blue, extremely fine. £60-80

347 Sociedad de Minas Titulada El Triunviro, share number 24, cuarto 2, Cartagena 185[7], attractive piece with rather crude vignettes of mine buildings and ships at sea, black, some surface dirt but extremely fine. £60-80 www.spink.com

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348 Sociedad General del Puerto de Pasajes, dividend share, San Sebastian 1885, large format piece with panoramic 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 the navy during the Napoleonic Wars.

349 Sociedad Minera La Molinesa, share number 208, cuarto 1, dated Madrid 1855 but overwritten Molina 1856, largish format piece with ornate gold border, black with green underprint, miner at top, slightly crinkled at top otherwise about extremely fine. £80-100

350 Sociedad Minera Union de Valientes y San Buenaventura, share no.50/2, Oria 185[3], ornate border with vignettes of miners by winding gear and engine house, bridge or mine entrance, black, buff underprint, small chip at bottom right corner, very fine. £80-100

SWEDEN

351 Kreuger & Toll, a group of shares certificates comprising 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 Ernst Kreuger), 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 State building, with coupons, generally very fine and better.

(58) £100-120

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SWITZERLAND

GREAT BRITAIN GOVERNMENT LOANS 354 Office of Ordnanace, 1704, an order to the paymaster for advance payment of 8 guineas, each to six individuals being sent to Gibraltar as Bombardiers, a handwritten document, signed by three officials, names of the six bombardiers are listed to the left, a full receipt for the sum signed by all six on the reverse, rust mark at top, ragged edges, fine and interesting piece. £60-80 355 Office of Her Majesty’s Ordnanace, a pair of warrants dated 1705 and 1709 authorising £100 to be paid to Francis Yonge recently appointed Comissary of Stores in Lisbon and £225 to be paid to Patrick Johnston for reasons not stated, handwritten documents with signatures of the issuing officers, with full receipts on the reverse signed by the recipients, some toning but fine and interesting insight into early 18th century finance. £120-150

352 Globe Stores of Switzerland Ltd., an unissued or probably specimen certificate for one ordinary share of £4, Zurich 1908, Helvetia at top, with a sword rather than a spear, lake and mountains behind, green and black, text in English and German, with coupons, un-numbered, small hole cancels, two folds, good very fine. £80-100

356 Exchequer Bill, 1709, £100, with interest at 2d per day, signed Geo Montagu, raised for increasing the capital stock of the Bank of England, scrollwork at left and right, black printing on thick paper, embossed exchequer seal at bottom right, numerous handwritten endorsements 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

353 Société Anonyme de Champel Beau-Sejour, 500 franc share, Geneva 18[96], no.866, coat of arms bottom centre flanked by Neptune and a mermaid, stylised fish in top corners, black, green underprint, small edge tears with tape repairs on the reverse, very fine. £120-140 www.spink.com

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May 18, 2012 - London 359 Three Pounds Ten Shillings per Cent. Reduced Annuities, an inscribed stock receipt in the name of the Rt. Hon’ble Sir Robert Peel, Bart by his executors, dated May 182[31], red and black printing, minor spike damage to top left corner as usual and some water staining, about very fine. £60-80 Sir Robert Peel, 1st Baronet (1750-1830), Lancashire cotton mill owner and industrialist and later a politician. Father of Prime Minister, Sir Robert Peel who, whilst in the position of Home Secretary helped create the modern British police Force, affectionately called ‘peelers’.

357 Irish Government Life Annuities, a 6% debenture certificate for £100, Dublin 1776, no.77, black printing with manuscript insertions of the holder and, in this case, his female relative recently widowed, three folds, all of which have split to some degree, the central one repaired many years ago, fair to fine and scarce. £200-300

360 British Government, Certificates of Post-War Credit, an interesting group of certificates (43), for the tax years 1941-42 through 1945-46, small format, coat of arms at top, printed in a different colour each year although 1941-42 and 1945-46 were both in various shades of red, shades also differ between issuing offices, mixed condition, fine to very fine. (43) £80-100 Personal allowances for taxation were increased dramatically to raise funds for pursuing the war against the axis powers. In acknowledgment of this, Post-War Credits were issued crediting the taxpayer with the extra tax that arose from these increases. The Credits were redeemed by 1973 with a one-off interest payment of 38%. Many different types were printed stating the tax office involved and form an interesting area for collection.

358 A group of Inscribed Stock certificates comprising, Navy Five per Cent. Annuities (7), dated 1818 to 1820, two of which have complete top corners; New Four per Cent. Annuities (7), dated 1823 to 1827, two with complete top corners; Three Pounds Ten Shillings per Cent. reduced Annuities (12), dated 1830 to 1843, several varieties, only two with complete top corners, and Bank Stock, 1876, generally very fine, top corners spiked and damaged as usual except where stated. (27) £150-200

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EAST INDIA COMPANY Handsigned by Admiral Nelson

x361 East India Company (United Company of Merchants of England Trading to the East-Indies), a printed power of attorney for ÂŁ1000 of East India Stock, 18[02], handsigned Nelson & Bronte by Admiral Horatio Nelson and witnessed by William Nelson and William Hamilton, authorising William Marsh, John Page and Richard Creed to sell or assign his stock in his absence, black printing with manuscript insertions, folio, embossed 15 shilling duty stamp, trifolded and with some separation along folds, modern archival tape applied to hold in place, fine to very fine and exceptionally rare. ÂŁ6,000-8,000 Horation Nelson (1758-1805), British naval officer; in 1800, he blockaded Malta and Naples, held by French and Neapolitan Jacobins, forcing an absolute surrender; became romantically involved with Emma Hamilton, the wife of diplomat Sir William Hamilton who signs this document as a witness; created Baron Nelson of the Nile; created Duke of Bronte by Ferdinand I of Naples; died in the battle of Trafalgar, 1805, in which he destroyed a combined French and Spanish fleet, securing British naval dominance for the next century. www.spink.com

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SOUTH SEA COMPANY

362 South Sea Company, a printed power of attorney by Sir Robert Brown Bart, 1737, authorising William Rutter to handle his holding of ÂŁ6500 capital stock of the company, signed by Sir Robert Brown with his wax seal at bottom, signed also by two witnesses, printed document with manuscript insertions, large company coat of arms at top, folio, impressed revenue stamps, signs of mounting on the reverse and some surface dirt, fine and rare in this condition. ÂŁ1,500-1,800 Page 87

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CANALS

363 Canterbury Navigation & Sandwich Harbour, £25 share, 1826, issued to the Mayor and people of Sandwich, a lovely piece with attractive vignette of Canterbury Cathedral, coats of arms and ship being drawn along the canal in background, black on thick paper, light water tide mark as is usual with these pieces, ink showing through from a trasfer stamp on reverse, good very fine. £150-180

364 Glocester and Berkeley Canal Company, one share, (1794), no.724, black printing, on vellum, yellow wax and paper seal at lower left, very slight discolouration, good very fine. £300-400

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365 Herefordshire and Gloucestershire Canal Navigation, £100 share, 1793, no.663, black, on vellum, seal removed as cancellation, ink cancelled in red across face, vellum somewhat yellowed but very fine. £200-250

366 Manchester Ship Canal Company, a pair of specimen 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 blue with yellow underprint, with counterfoils, extremely fine. (2) £100-120

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370 Thames and Severn Canal-Navigation, certificate for New Shares, 18[09], no.1356, red printing, on vellum, very fine £150-180 367 Mercy and Irwell Navigation, certificate for one share, 1724, no.488, black printing, on vellum, red wax seal with signatures of seven officers of the company, blue paper revenue stamps, the vellum is stained at top left with some overall discolouration, fine and rare. £500-600 The company received its Act of Parliament in 1721 and work began on making the Rivers Mersey and Irwell navigable in 1724. By 1734 small boats were able to sail from the centre of Manchester through to the Irish Sea. The company was acquired by its great rival, the Bridgewater Canal Company, in 1846.

368 North Walsham & Dilham Canal, one share of £50, 18[24], no.275, of only 600 issued, attractive black printing on vellum, white paper seal, very fine. £80-100

371 Wey & Arun Junction Canal Company, certificate for one share, 18[31], no.898, lovely vignette of the company seal at top, black, on thick paper, paper seal at bottom right, extremely fine. £200-250

369 Regents 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

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Bonds and Share Certificates of the World

RAILWAYS

372 Beyer Peacock & Co. (1902) Ltd., bearer warrant for 50 ordinary shares of £1, 190-, a specimen certificate from the Bradbury, Wilkinson & Co. archives, vignette of steam engine, ornate border, orange and black, numbered E000, with coupons, about extremely fine. £60-80 373 Beyer Peacock & Co. (1902) Ltd., bearer warrant for 50 preference shares of £1, 190-, a specimen certificate 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

374 Birkenhead, Lancashire & Cheshire Junction Railway Co., £33 6s 8d share, 1846, no.4921, issued to William Bradbury, printer, black, red seal, very fine. £60-80 William Bradbury (1800-1865), founder of printing and publishing business of Bradbury & Evans.

Publishers of Dickens and Thackeray, proprietors of ‘Punch’ magazine. His son Henry went on to found the firm of Bradbury, Wilkinson & Co. in 1856.

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375 Bury 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 & Yorkshire Railway Co. just north of Bury to the village of Holcombe Brook. Smith was appointed in 1880 as the main contractor to complete the line.

376 Caledonian Railway Company, 4% preference stock, [£120], [1902], no.13/1436, scrollwork at left, red, on fine watermarked paper, good very fine and a rare type. £50-60

377 Channel Tubular Railway Preliminary Company Ltd., certificate for 5 founders shares, London 1892, very attractive piece with vignettes around border of English and French coast, ships with tube resting on the seabed, black and yellow, centre fold, about extremely fine. £100-120

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378 Cheltenham and Great Western Union Railway, scrip certificate for £100 share, £2 10s paid, 1835, no.454, small format, lime green, centre fold otherwise extremely fine and a scarce early certificate. £120-150

382 Fleetwood, Preston & West Riding Junction Railway Company, £12 share, 1846, no.7682, attractive piece with coat of arms in centre with steam train to right, scrollwork at left incorporating a cherub, black, pink underprint, red embossed seal, somewhat creased, about very fine. £60-80

379 Cornwall Railway Company, a group of 6 certificates for £50 shares, 184[6], numbers 816, 826828, 853 and 863, scrollwork at left, black on dark green paper, attractive embossed seal, generally about extremely fine. (6) £120-150 380 Derbyshire, Staffordshire & Worcestershire Junction Railway Co., provisional certificate for 20 shares of £20, deposit £2 2s per share paid, (1847), blue, good very fine; together with Staffordshire & Shropshire Junction Railway Co., provisional certificate for 10 shares of £50 each, £2 15s deposit paid, 1845, dark brown, creased, fine, (2). £50-60

381 East Kent Light Railways Company, £1 shares, part paid, 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

383 Great North of England Railway Co., £100 share, 18[36], no.662, heavy link chain at left with names of towns through which the railway passed on each link, black, embossed seal, good very fine. £120-150

384 Leeds & Thirsk Railway Company, ‘New’ £50 share, 184[6], no.26013, lovely vignette of spectators on hillside watching distant steam train, blue, folds, fine to very fine £150-180 Page 91

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Bonds and Share Certificates of the World

385 Leeds & Thirsk Railway Company, New Extension share, 184[8], no.42905, black printing, on linen, red paper seal at bottom left, very lightly toned but about extremely fine. £80-100 386 Mersey Railway Company, consolidated ordinary stock certificate, 19[11], no.2201, scrollwork at left, black, with related paperwork, small area of discolouration in centre, good very fine. £60-80 Originally incorporated as the Mersey Pneumatic Railway Co. in 1866, name changed in 1868, to link Liverpool with Birkenhead by means of a tunnel under the River Mersey. Opened in 1886.

389 North Union Railway Company, £100 shares, 18[36], numbers 1995, 6, 7, & 8, thin border, black with green paper seal, stamped and perforated cancelled, a very rare piece but with considerable condition problems, cut cancelled by triangular cut at left edge into seal, top right corner missing, folds and tears. £60-80 390 Severn & Wye Railway & Canal Company, guaranteed new shares, 185[8], no.1418, scrollwork at left, black on pink paper, good very fine. £50-60

387 Newry & Enniskillen Railway Co., £50 share, 18[53], no.10087, black printing, ornate embossed seal, extremely fine. £60-80

391 Sheffield, Ashton-under-Lyne & Manchester Railway, eighth share, [1846], no.2600, vignette of coat of arms at top, black, pink underprint, embossed seal at bottom right, extremely fine. £80-100

388 Newry Warrenpoint & Rostrevor Railway Company, certificate for 1 share, 1846, no.1263, black printing, on vellum, mauve paper seal, about extremely fine £60-80

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May 18, 2012 - London 396 A 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 Electric Tramways Ltd., first income bond, 1912, mixed condition, generally fine to very fine. (9) £80-100

392 Waterford, Wexford, Wicklow & Dublin Railway Co., £20 share, 1847, no.35109, very attractive piece with coat of arms at top, scrollwork border and at left, black, green embossed seal, extremely fine. £80-100

393 Wharfdale Railway Company, £15 share, 1846, no.20159, attractive piece with Craven heffer in centre, black, blue underprint, attractive red embossed seal at lower right, a couple of minor tone spots, extremely fine. £80-100 394 Wharfdale Railway Company, £15 share, 1846, no.20151, attractive piece with vignette of Craven heffer at top, black, blue underprint, red embossed seal, extremely fine. £60-80

397 Shipping Companies: a selection of British certificates comprising East Kent Shipping Co. Ltd., 1864; Whitby & Robin Hood’s Bay Steam Packet Company, 1857; European & American Steam Shipping Co. Ltd., 1857; Western Counties Shipping Co. Ltd., 1920; Wm Cory & Son Ltd., 1934; Viking Whaling Co. Ltd., 1931 (3 different examples, one with piece cut from top edge), together with American certificates (6) including International Mercantile Marine Co. (2 different examples), and nineteenth century unissued certificates (4), mostly very fine to extremely fine. (12) £80-100 398 A collection of British companies comprising; Great Ship Co. Ltd., one share, 1859 (2 examples in different colours); London Chatham & Dover Railway Co., City Lines shares, 1864; St.Leonards-on-Sea Grand Hotel Co. Ltd., 1883; Blake & Goodyear Boot & Shoe Machinery Co. Ltd., 1876; Mediterranean Electric Telegraph, 1853; Matlock Consumers Gas Light & Coke Co. Ltd., 1865; Standard Weldless Tube & Cycle Components Ltd., 1897, and, British Tea Table Co. 1897 Ltd., 189[906], very fine to extremely fine. (9) £100-120 399 Breweries 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], 3 examples; 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’s Eagle Brewery Ltd., 19[47]; Charrington & Co. Ltd., 19[51], and, Robert Deuchar Ltd., 19[53], mixed condition but mostly fine to very fine. (15) £100-120

MISCELLANEOUS COLLECTIONS 395 A small group of Aviation certificates, comprising Aircraft Disposal Co. Ltd., two types dated 192[4] and 192[5], green and black, both with name crossed through and A.D.C.Aircraft above; Aircraft Manufacturing Co. Ltd., £1 ‘B’ preference shares, 19[19], green, and, Aeronautical Corporation of Great Britain Ltd. 5/- shares, 19[37], the last with couple of edge tears, fine to very fine. (4) £80-100 Page 93

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Bonds and Share Certificates of the World 400 Fraudsters: a small group of certificates comprising Mrs Bull Ltd., 19[10] facsimile signature of Horatio Bottomley; British Glass Industries Ltd., 19[20] and British Window Glass Co. Ltd., [1920], both with facsimile signature of Clarence Hatry; Photomaton Parent Corporation Ltd., 10 shares of 5/-, 19[28], part of the Clarence Hatry group (5 examples); City Equitable Fire Insurance Co. Ltd., 192[1], Gerard Lee Bevan company but without his signature; British America Corporation Ltd., 189[8] and London & Globe Finance Corporation Ltd., 3 examples dated 189[7], 189[8] and 189[9], all with facsimile signture of Whitaker Wright as director, generally about very fine and a good basis for a collection. (13) £100-120 401 A collection, from an original source, of certificates relating to the Kent coalfields; comprising East Kent Colliery 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; Intermediate Equipments Ltd., founders’ and ordinary shares, both 1910; South Eastern Coalfield Extension Ltd., £10 debentures, 1912 (2 examples), and ‘B’ shares, 1926; Extended Extension Ltd., ‘B’ shares, 1926; Kent Coal Concessions Ltd., ‘A’ shares, 1926, ‘B’ shares, 1926 (2 examples) and 1934, £10 debentures, 1911 (2 examples); East Kent Contract and Financial Co. Ltd., ordinary shares, 1910 and 1911, and, Snowdown Colliery Ltd., preferred ordinary shares, 1910 (2 examples), very mixed condition with folds and creases, some with rusty pin marks at top left, a few with edge tears, fine and better (32) £100-150 x402 A group of British certificates, comprising Birmingham Canal Navigations, share certificate, 1855[7], £11 5s paid, black on blue paper, red paper seal; Bristol & Exeter Railway Co., £100 share, 184[3], red, blue seal, centre of seal removed, cancelled; Lancashire & Yorkshire Railway Co., consolidated ordinary stock, Manchester [1914], black, green underprint, 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 dividend cheque for the Isle of Man Railway Co., drawn on the Isle of Man Banking Co. Ltd., 19[13], green; Nidderdale Lead Mining Co. Ltd., two preference shares, 196[5]; Penryn Granite Quarries Co. Ltd., £20 share, 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

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403 A 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 Phonograph Co. Ltd., first mortgage stock, [1902], plus deferred warrants (3); Wireless Pictures (1928) Ltd., 4/shares, 19[29], and, Homeaids Ambilectric Radio Ltd., 10/- shares, 19[33], generally very fine or thereabouts. (10) £100-150 404 A small collection/accumulation of Hotel and Restaurant companies (15), including Hummums Hotel and ‘Rockleys’ Ltd., 188[9]; Savoy Hotel Ltd., 192[0], ink ‘valueless’ across face; Hotel Chatham Ltd., 19[09], 4 examples, 2 types and Naval & Military Co-operative Hotel Co. Ltd., 19[10], others dated 1863 to 1949, mixed condition, many fine and a few very fine. (15) £100-150 405 Film and Theatre related certificates (20), including Alliance Film Corporation Ltd., 19[20], with vignette of camera and screen; British Talking Pictures Ltd., 19[28]; “Campro” Cameras & Films Ltd., 192[8], 2 examples; Cinema Combine Ltd., 192[0]; Dominion Theatre 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 Film Co. Ltd., 191[4], debenture; Moviecolor Ltd., 19[36]; Odeon Associated Theatres Ltd., 19[47]; Odeon Properties Ltd., 19[46] 2 examples; Piccadilly Theatre (1928) Ltd., 19[28]; Provincial Cinematograph Theatres Ltd., 19[45]; Stoll Picture Theatre (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) £100-150 406 A small collection of sports clubs and facilities, comprising Claughton Bowling Club Ltd., 1875; Castleton Bowling Club Ltd., 1889; Beith Bowling Club, 1895; Polmont Bowling Club Ltd., 1897 (2 examples); Sports Club Ltd., 1899; Carlisle Curling Club, undated but circa 1900; New Mills and Newtown Cricket and Athletic Club Co. Ltd., 1901; Cardiff Skating Rink Co. Ltd., 1909; Kirkcudbright Curling Rink, 1911; Worksop Bowling Club Ltd., 1911; Liverpool Bowling Club Ltd., 1915, and, Reigate Squash Club Ltd., 1936, a few odd edge nicks but generally fine to very fine. (13) £120-150

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May 18, 2012 - London 407 Football Companies: a scarce group comprising Barry Association Football and Sports Co. Ltd., 191[3]; Croydon Common Football and Athletic Co. Ltd., 190[9]; Ipswich Cricket, Football & Athletic Ground Ltd., 19[06], and, New Brighton Association Football & Athletic Club Co. Ltd., 19[22], generally fine to about very fine and a scarce group. (4) £120-150 408 A group of British certificates (36), including Queen Street (Cardiff) Arcade Co. Ltd., 1886; Cardiff Steam Laundry Dyeing Carpet and Window Cleaning Co. 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 Beers Consolidated Mines Ltd., 1927, the balance with slight duplication, many 1920’s and 30’s, mixed condition but many are very fine and better. (36) £140-180 409 A useful group of British Companies operating overseas (5), comprising Albion Gold Mining Company, £1 shares, [1853], black, on linen; Australian Royal Mail Steam navigation Company, one share, 1852, black on blue paper; British Honduras Company Ltd., £5 share, 18[64], black; Mediterranean Electric Telegraph, £10 share, 185[4], coat of arms at top, black, and, Nova Scotia Land and Gold Crushing and Amalgamating Co. Ltd., £2 share, 1863, coat of arms in centre, black, generally about extremely fine. (5) £140-180 410 A group of gramophone, record and radio companies, (28), with some duplication, all 1920’s and early 30’s, titles including Celebritone Ltd.; Dulcetto-Polyphon Ltd.; Duophone and Unbreakable Record Co. Ltd.; Electric & Musical Industries Ltd.; “Phantestra” (Renn’s Gramophone & Wireless) Ltd.; Symphony Gramophone & Radio (Foreign) Ltd.; Truphonic Radio Ltd. and Victoria Gramophones Ltd., mixed condition, a few with ‘valueless’ across the face in ink, four with waterstains, however an interesting lot with many fine to very fine. (28) £150-180

411 Shipping and Shipbuilding: a group of certificates (37), comprising African Steam Ship Co., 192[2] and 192[4]; Anchor Line (Henderson Brothers) Ltd., 19[33]; Anglo-Celtic Shipping Co. Ltd., 19[20]; Anglo European Steamship Co. Ltd., 19[20] (4 examples, 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; Forth Shipbuilding and Engineering Co. Ltd., 19[19]; Great Eastern Train Ferries Ltd., 19[33] (2 examples); Lamport and Holt Ltd., 19[12] and 19[24]; Northumberland Shipbuilding Co., 19[18]; Palmers Shipbuilding & Iron Co. Ltd., 19[33]; Royal Mail Steam Packet Co., 3 different types, 19[24], 19[24] and 19[30]; Ship Salvage Corporation Ltd., 19[20]; Western Counties Shipping Co. Ltd., 1920 (9 examples), and, White Star Line Ltd., 19[27] and 19[28] (5 examples, 2 types), mixed condition, mostly fine and better. (37) £150-180 412 A 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) £150-200 413 A small collection of British Certificates (23), comprising Penryn Granite Quarries Co. Ltd., 186[6], small vignette in centre; New Consols Tin & Arsenic Works Ltd., 1874; Minera Ragman Mining Co. Ltd., 18[63]; Morecambe (Regent Road West End) Pier Co. Ltd., 189[8]; Clevedon Hotel Co. Ltd., 187[6]; Llangollen Lime and Fluxing Stone Co. Ltd., 1881; Rossendale Union Foundry Co. Ltd., 186[1]; Crewe Coal and Iron Co. Ltd., 186[8], and, a set of 15 unissued certificates for Ardrossan Guaranteed Stock in the Glasgow and South Western Railway, 185-, attractive borders, generally very fine to extremely fine.

(23) £180-220 414 A group of British financed Oil companies (32), a little duplication, including better titles such as Petroleum Company of Ildokani Ltd., 19[14]; East Galician Oilfields Ltd., founders shares, 19[12]; Consolidated Oil Trust Ltd., 19[10]; Gemsah Oil Reefs Ltd., 19[20]; Newfoundland Oilfields Ltd., 19[11], 2 examples; Hungarian National Petroleum Co. Ltd., 19[12]; Hamilton’s Oil Concessions (Roumania) Ltd., 192[5] and 192[7]; Standard Oil Company 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 fine to about very fine. (32) £200-300

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Bonds and Share Certificates of the World 415 An accumulation of certificates relating to the Motor and Cycle Industry, including manufacturers, wheel, tyre and accessory manufacturers, motor fuel companies, windscreen makers and general motor trade companies; manufacturers include A.B.C.Motors (1920) Ltd., 19[20]; Gwynnes Engineering Co. Ltd., 1920; Riley (Coventry) Ltd., 19[34], signed by William Riley; Singer & Co. Ltd., 190[3] and 19[36], and Wolseley Motors Ltd., 1922; better certificates in the remainder include Haynes & Son Ltd., 190[2]; Partington Pneumatic Wheel Co. Ltd., 190[8]; Gilford Motor Co. Ltd., 19[31]; Hall Motor Fuel Ltd., 19[14]; Central Scotland Motors Ltd., 19[27], and, Swift Cycle Co. Ltd., 1902, very mixed condition but many are fine and a few are better. (42) £200-300 416 Famous Names and Large Companies; a small group of certificates mostly dated 1919 to 1946, all of ‘household names’, a little duplication, comprising Allen & Hanburys Ltd. (2), Artizans & General Dwellings Co. Ltd., British Aluminium Co. Ltd., British Dyestuffs Corporation Ltd. (3 different), British Oil & Cake Mills Ltd. (4, 2 varieties), Carreras Ltd., Eagle, Star & British Dominions Insurance Co. Ltd., Financial Times Ltd. (2), General Electric Co. Ltd., Godfrey Phillips Ltd. (2), Great Universal Stores Ltd., Imperial Chemical Industries Ltd., J. Lyons & Co. Ltd. (3 different), Lever Brothers Ltd., London County Westminster & Parr’s Bank Ltd., London Tin Corporation 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), Timothy Whites & Taylors Ltd., Van den Berghs Ltd., Van den Berghs and Jurgens Ltd., Waring & Gillow Ltd., and, Westminster Bank Ltd. (3 examples, 2 varieties), mixed condition but generally no damage, fine to very fine and an interesting lot. (40) £200-300 417 A very interesting collection of English commercial and industrial certificates (69), all different, dating from 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; Mortgage Insurance Corporation Ltd., 18[904], allegorical female 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) £400-500 418 British Companies:, An interesting accumulation of commercial and industrial share certificates (173) with a date range of 1870’s through the 1930’s, most being 20th century, hardly any duplication, a mixed condition lot with a few having ‘valueless’ across face but many are very fine. (173) £400-500

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COMMERCIAL AND INDUSTRIAL

419 Asylum Life Assurance Company, certificate for one share, 1824, no.1928, finally fully paid in 1839, black printing, on vellum, good very fine. £100-120

420 Bath Sun Fire Assurance Society, £100 share, 18[33], no.336, black printing, on vellum, slight yellowing but good very fine and rare. £120-150 Formed in 1776 and acquired by the Sun Fire Office in 1838.

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421 Brighton District Tramways Company, £10 shares, 18[84], no.226, scrollwork at left, black, fine to very fine. £40-50

423 British Aluminium Co. Ltd., a series of specimen certificates from the Bradbury, Wilkinson & Co. archive, comprising ordinary shares, 6% preference shares (3 types in different colours), and 3% mortgage debenture stock (2 slightly different examples), all undated but circa 1910, all with ornate borders, various colours, with counterfoils, either overprinted specimen or with circular Bradbury specimen stamp at bottom, extremely fine. (6) £80-100

424 British Copper Mining Company, certificate for 5 shares, London 1834, no’s 1831-1835, black printing, on vellum, rules printed on the reverse, almost extremely fine. £80-100 422 British Aluminium Co. Ltd., a specimen 5% registered Prior Lien debenture for £100, 19- (circa 1910), from the Bradbury, Wilkinson & Co. archive, vignette of Kinlochleven works at top, green and black, numbered 0000, small hole cancels over signature area, with coupons, American style, extremely fine. £60-80

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

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425 British Gas Light Company, certificate for one share of £50, 18[25], no.2935, attractive black printing, on vellum, scrollwork at left with wavy cut edge, slight discolouration at top edge otherwise extremely fine. £120-150

427 British Shares Investment Corporation Ltd., a group of specimen certificates from the Bradbury, Wilkinson & Co. archive comprising ordinary share warrants (6), green; preference shares (9), blue, and deferred shares (10), pink, all different showing the complete run of denominations and the numbering sequence, but the 5 and 10 ordinary shares numbered between A315 and A824 are missing, all with ornate borders, with coupons and counterfoil, extremely fine.

(25) £250-300 428 Brooklands (Weybridge) Ltd., 5 shilling ordinary shares, fully paid, 19[36], no.134, ornate border, black, endorsement on face, fine to very fine and scarce. £60-80 429 Cheltenham College, two certificates for 1 share, 18[81] and 18[83], no.15 and 321, long format pieces, simple black printing on grey paper, together with Cheltenham Proprietary School, one share, 18[81], no.3, black on blue paper, and two examples of £10 shares in the Polytechnic Institution Ltd., 186[0], black, pink underprint, the second and last with edge splits, fine to very fine. (5) £60-80

426 British Motor Co. Ltd., 4% debenture for £4, 1897, no.1952, very large format piece with ornate border, brown, pale blue underprint, with coupons, very fine and rare. £150-200 A reconstruction of the British Motor Syndicate, still controlled by Lawson, and still acquiring numerous foreign motor patents.

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430 Coal Consumer’s Association Ltd., a group of 172 certificates for £1 share, 1873, small vignette in scrollwork at left depicting gentleman and miner shaking hands, black, generally very fine to extremely fine. (158) £200-250

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434 Dublin City & Banagher Distilleries Ltd., £10 preference shares, 18[92], no.400, scrollwork at left, blue, red endorsement on face, very fine. £60-80

431 Commercial Rooms, Bristol, certificate for 1 share, 18[14], no.129, vignette of building, black, on vellum, share transfers on reverse up to 1960’s, fine to very fine. £120-150

This was the fourth company to own the Banagher Distillery since it was created in 1873 as it suffered regularly from cash shortages and the bad years outnumbered the good. This company closed Banagher in 1899 to concentrate on the Dublin City Distillery but this did not fare much better and the company was wound up in 1905.

435 E.P. Cigarettes Ltd., a group of 6% debentures for £10 each, 19[13] (13 examples), large format, ornate border, brown, generally very fine and better. (13) £60-80

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

432 Consall Minerals (MacLaren & Co.), £50 share, 18[58], no.18, black on grey paper; East Vitifer Tin Mining 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], the second with some chipping at end of folds, good fine, the rest very fine or thereabouts. (4) £60-80 433 Denaby Main Colliery Co. Ltd., a group of 37 debentures for £100, 188[9], including no.1, with no coupons, long format, black, with attached coupon sheets, some of which do not match the serial numbers of the bonds, very fine and better. (37) £150-180

436 Gas Light and Coke Company, £50 share, 181[2], no.1918, black printing, on vellum, red seal at left, signed by the secretary, vellum with yellow discolouration, very fine. £120-150 437 Gas Light and Coke Company, £50 share, 181(2), no.1919, ornate black printing, on vellum, red paper seal to left, usual yellowing of vellum otherwise good very fine. £120-150 Page 99

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438 Gas 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

441 Herne 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 from shrinkage otherwise very fine. £120-150

439 General Printing & Publishing Co. Ltd., a group of £1 vendor’s share certificates (70), 187[3]. scrollwork at left, black, generally extremely fine. (51) £220-250

442 Highgate Archway Company, £50 share, 18[13], no.1136, attractive black printing with red paper seal at left, a couple of small ink marks in centre, small nick out of top edge, very fine. £200-250

440 Grand Junction Water Works, £50 additional share, 18[17], no.3553, black printing, on vellum, some discolouration of the vellum, very fine. £120-150 Incorporated in 1811 taking its water from the Grand Junction Canal at Paddington, later changing to the Thames near Chelsea Hospital. Absorbed into the Metropolitan Water Board in 1902.

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Formed to cut a tunnel through the steep hill at Highgate, North London, which collapsed when almost complete, forming the present cutting. The company then built the bridge across, which was rebuilt at the turn of the century.

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443 Hope Insurance Company, £50 share certificate, London 1807, vignette of allegorical female (presumably Hope!) standing at the foot of a column with city in background, black on thick paper, small light brown stain, now crystallised, within the vignette but very fine. £100-120 444 No lot

446 Liverpool Colquitt Street Tontine, one share, Liverpool 180[7], no.99, black printing, on vellum, only a single ink line through the signature as cancellation, good very fine and scarce thus. £60-80 Early life insurance piece with benefits going to the last surviving member.

447 Liverpool 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; other certificates from many countries (34), including Banque Industrielle de Chine, 1913 issue; Mexico, Negociacion Agricola “La Sautena”, 1907, large map vignette; Brazil Railway Co., £100 debenture, 1912; Netherlands Land Enclosure Co., 8% preference shares, 1855, and, several modern U.S.A. certificates, many very fine and better. (36) £120-180

445 Kent Life and Annuity Assurance Office, £50 share, 18[08], no.1136, Kentish horse on shield flanked by allegorical figures at top left, black, on vellum, a few light stains at right but about very fine. £150-200

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448 London Coliseum Limited, £5 shares, 1902, no.93, signed as director by Sir Oswald Stoll, blue, red ink endorsement at top, very fine. £80-100 449 London Electrical Cab Co. Ltd., a group of 9 registered debentures of £20 each, 1899, large format pieces with ornate border, black, good very fine. (9) £80-100

450 Marke Valley Consolidated Copper & Tin Mining Company, £10 share, 184[2], no.50, scrollwork at extreme left, black, signed by three directors, extremely fine and scarce. £60-80

451 Mediterranean Company for General Trade Ltd., pair of certificates for 1 shilling founders’ shares and £5 ordinary shares, 19[24], both for about 10% of the share capital, in the name of Cox & Co. Nominees, attractive printing by Waterlow & Sons, with vignettes of 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 probably trading with Egypt. We find no records in our library.

452 Medway Steam Packet Company, one share of £2, 18[38], no.499, lovely piece with vignette of paddle steamer entering harbour, black on cream paper, extremely fine. £240-280 The company was formed in 1837 to run steamers from Chatham to Sheerness. Their service ended during WWI when the admiralty took over their last 2 steamers. In 1919 its assetts were acquired by the New Medway Steam Packet Co. Ltd. which extended the service and continued to operate until the 1960’s.

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May 18, 2012 - London 453 Nidderdale Lead Mining Co. Ltd., a group of certificates (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 and are somewhat brittle but many are extremely fine. (25) £150-200

457 Railway Debenture Trust Company Limited, a specimen 4% debenture stock certificate, 18- (circa 1880), from the Bradbury, Wilkinson & Co. archive, attractive vignette of early steam train, black, green underprint, with counterfoil, extremely fine £60-80 454 Photochrom Company Ltd., a series of specimen certificates from the Bradbury, Wilkinson & Co. archive comprising 20 preference shares (no’s 00011500), 50 preference shares (no’s 1501-2100), 100 preference shares (no’s 2101-2500), 50 ordinary shares (no’s 2501-3100), and 100 ordinary shares (no’s 3101-3300), all with ornate borders, different colour underprints, with coupons, the 100 preference has a damp stain on the top right corner otherwise extremely fine. (5) £80-100

458 Royal Horticultural Society, a £100 debenture, 1861, no.371, a very large document printed in black, embossed revenue stamp, together with a transfer certificate and a related typed letter dated 1921, foxing overall, about very fine. £60-80

The Photochrom process of colour printing direct from a black and white photograph was invented in Switzerland in the late 1880’s and Photochrom Zurich was born. This English company operated under licence from the Swiss company. The heyday of the process came with the introduction of picture postcards in the late 1890’s which lasted until after the First World War. 455 Polberro 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 face in ink; St.Asaph Zinc, Lead & Baryta Co. Ltd., 19[17]; Scremerston Coal Co. Ltd., ordinary and preference shares, both 19[17]; Garswood Hall Collieries Co. Ltd., 19[27]; Brunner Collieries Ltd., ordinary and preference shares, both 19[12]; together with other mining certificates (10), mostly coal, mixed condition lot but many are fine to very fine. (20) £120-150 456 Radio Gram and Television Ltd., pair of certificates for ordinary & preference shares, 19[36], both no.1, the first for 100,000 shares of 1/- and the other for 20,000 shares of 10/-, representing a large amount of the whole capital, ‘gramoradio’ logo at top, pink and green respectively, with red paper seals, good very fine.

(2) £80-100

459 Royal Panopticon of Science and Art, certificate for one share, 185[1], no.3687, very ornate border with small vignettes of allegorical figures, names of famous scientists in medallions such as Newton, Watt, Faraday and Davy, black, mauve embossed seal, archival repair on reverse, fine to very fine. £80-100 A large and impressive structure in Moorish style, erected in Leicester Square, to hold scientific exhibitions. The building opened in 1854 just before the outbreak of the Crimean War and the company failed within 2 years.

Sold and turned into the Alhambra. The Odeon cinema now stands on the site.

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Bonds and Share Certificates of the World 460 Septimus Parsonage & Co. Ltd., £1 preference shares, 1898, no.1542, ornate border, scrollwork at left, black, red seal, discolouration from official label stuck at top margin, very fine; together with West Australian Mining Co. Ltd. 2 shilling shares, 1897, no.1702, good very fine. (2) £60-80

463 Southport & West Lancashire Banking Company Ltd., £5 5% preference shares, 18[82], no.172, small coat of arms in centre, scrollwork left, blue, slightly grubby at far right, very fine and scarce. £60-80

461 Sidmouth Harbour Company, certificate for 1 share, 18[36], no.360, black printing, on vellum, hanging wax & paper seal, good very fine. £120-150 Formed in 1836 to build a harbour enclosing 10 acres of land at Chit Rocks. The foundation stones of the piers were laid in 1837 but further stone was to be transported by a small industrial railway built by the company.

Troubled by lack of capital and a severe storm the railway and the harbour were never completed but some remains can still be seen today.

462 Southampton Dock, capital stock certificate, Dock office, 1843, no.63, small format, red, good very fine. £80-100 The first dock was built next to Town Quay the first stone being laid with much ceremony in 1838. The outer dock was opened in 1843 which held the largest steamers of the day. The Titanic sailed from here on its fateful voyage in 1912.

464 Strand Bridge (Company of Proprietors of the), certificate for one share, London 18[09], no.1218, black printing on vellum, gold paper seal to left depicting bridge, some discolouration as usual with vellum, about very fine. £200-300 Designed by John Rennie and built between 1811 and 1817. Its name was changed from Strand Bridge to Waterloo Bridge in 1816 following the defeat of Napoleon the previous year. Opened by the Prince Regent in 1817. This structure was demolished in 1936 to make way for the present bridge.

465 Strand Bridge (Company of Proprietors of the), certificate for one share, London 18[09], no.1220, black printing on vellum, gold paper seal to left depicting bridge, good colour vellum, about very fine. £200-300 www.spink.com

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466 Vauxhall Bridge Company, certificate no. 1872 for one share, 1826, black printing, on thick paper, unusual copper seal depicting Saxon warrior standing in front of the bridge, some discolouration at extreme left, single centre crease, good very fine. £150-200

467 Vauxhall Water Works, share ticket no 41, 18-, has been made out to the shareholder but not dated, circa 1835, black and red printing, on vellum, paper seal at bottom, slight surface dirt, very fine. £80-120

469 Western District Bank Ltd., £10 shares, 187[6], no.593, ornate border, scrollwork left, blue, good very fine. Established in 1875 but in liquidation by 1879. £60-80

470 York City and County Banking Company, certificate number B285 for £25 shares, fully paid, 18[76], vignettes of York Minster and gates to the City, black, capital increase to £650,000 overprinted in red, printed by Perkins, Bacon & Co., ink cancelled over signatures, tear at top edge (40mm) otherwise very fine and scarce. £80-100 Acquired by the London Joint Stock Bank which in turn merged with the Midland Bank (now HSBC).

468 West Middlesex Water Works, three certificates each for one share of £100, July 1813, no’s 3272, 3273 and 3275, attractive black printing, on vellum, red paper seal, some discolouration as usual, very fine. (3) £200-250 Page 105

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Bonds and Share Certificates of the World

LATIN AMERICA

ARGENTINA

471 A group of Latin American railway certificates, comprising; Brazil North Eastern Railways Ltd., first debenture stock, 19[12]; Cordoba Central Railway Co. Ltd., 5% second debenture stock, 1922; Leopoldina Terminal Co. Ltd., stock, 19[37]; Nitrate Railways Co. Ltd., deferred shares, 19[33]; Southern San Paulo Railway Co. Ltd., ‘A’ shares, 19[32], and Venezuela Central Railway Co. Ltd., £1 shares, 19[20], mixed condition, fine to very fine. (6) £60-80 472 A group of Latin American railway certificates, comprising; Brazil Great Southern Railway Co. Ltd., £100 debenture, 1886, tear at left; Brazil North Eastern 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; Leopoldina Terminal Co. Ltd., stock, 2 varieties, 19[09] and 19[37]; Mexican Railway Co. Ltd., preference stock, 19[13], valueless and lines in ink across face; Nitrate Railways Co. Ltd., deferred shares, 19[28]; Southern San Paulo Railway Co. Ltd., ‘A’ shares, 19[32], and Venezuela Central Railway Co. Ltd., £1 shares, 19[19] and £10 first debenture, 192[4], mixed condition, fine to very fine. (11) £100-120 473 An accumlation of British companies operating in Latin America, 1880’s to 1930’s, some duplication and including a few option certificates, better companies 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]; Mexican Company of London Ltd., 188[9]; New Chile Gold Mining Co. Ltd., 188[7]; New Organos Gold Mining Co. Ltd., 189[0]; New Pinos Altos Co. Ltd., 18[93]; Republic of Honduras Exloitation Syndicate Ltd., 1889[90]; San Jacinto Estate Ltd., 18[91]; Tibagy Dredging Co. Ltd., 188[5], and, Yuruari Co. Ltd., 188[8], mixed condition but many are fine and very fine. (75) £200-300

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474 Argentine Republic, Port of Buenos Aires 5% Debentures, 1899, a specimen £100/$504 debenture from the Bradbury, Wilkinson & Co. archive, large format piece with Argentine arms at top, ornate border, black with pink underprint, with coupons, small hole cancellations, extremely fine. £80-100

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475 Argentine 31⁄ 2 % External Sterling Loan, a specimen bond for £20 from the Bradbury, Wilkinson & Co. archives, large format, coat of arms at top, ornate border, black, yellow underprint ‘£20’, with coupons, about extremely fine. £100-120

477 Argentine 31⁄ 2 % External Sterling Loan, a specimen bond for £200 from the Bradbury, Wilkinson & Co. archives, large format, coat of arms at top, ornate border, black, brown underprint ‘£200’, with coupons, about extremely fine. £100-120

476 Argentine 31⁄ 2 % External Sterling Loan, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archives, large format, coat of arms at top, ornate border, black, blue underprint ‘£100’, with coupons, about extremely fine. £100-120 Page 107

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Bonds and Share Certificates of the World 481 Argentine Internal Loan, 1907, a pair of specimen bonds from the Bradbury, Wilkinson & Co. archives, for $100 and $500 gold, without countersignatures, large format, coat of arms at top, ornate borders, green and blue, with coupons, very fine and better. (2) £150-200

482 Argentine Republic, Treasury Bills, two sets of specimen Treasury Bills from the Bradbury, Wilkinson & Co. archive comprising 14th October 1933, £10, £100 and £1000 and 15th November 1933, £10, 100 and £1000, all payable at Baring Brothers & Co. Ltd., scrollwork at left, brown, red and black respectively, two cancellation holes in the signature area, with counterfoils, extremely fine. (6) £80-100

478 Argentine Internal Loan, 1907, a set of specimen bonds from the Bradbury, Wilkinson & Co. archives, for $100, $500 and $1000 gold, countersigned by the French Banking Syndicate, large format, coat of arms at top, ornate borders, green, blue and red, with coupons, centre folds, good very fine. (3) £200-300 479 Argentine Internal Loan, 1907, a set of specimen bonds from the Bradbury, Wilkinson & Co. archives, for $100, $500 and $1000 gold, countersigned by German banks, large format, coat of arms at top, ornate borders, green, blue and red, with coupons, folds, good very fine. (3) £200-300 480 Argentine Internal Loan, 1907, a set of specimen bonds 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, good very fine and better. (4) £300-400

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483 Argentine Republic, 1937 31⁄ 2 % Conversion Loan, a set of specimen bonds from the Bradbury, Wilkinson & Co. archive, for £100, £500 and £1000, very large format with coat of arms at top, ornate borders, brown, red and blue respectively, with coupons, all about extremely fine and rare. (3) £250-300

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484 Argentine Republic, 1938, 41⁄ 2 % Ten-Year Sinking Fund External Loan, bond for $1000, a specimen from the American Bank Note Co. archives, allegorical figures flank coat of arms, red-brown and black, numbered 00000, overprinted SPECIMEN in red, good very fine £80-100 485 Argentine Republic 10-Year Sinking Fund 41⁄ 2 % External Loan, 1938, a group of 5 $1000 bonds, Argentine arms at top, ornate border, brown and black, with coupons from 1941, NOT cancelled, very fine and better. (5) £250-300

486 Argentine Republic, 1939, 4% State Railway Bonds, 1st Issue, a set of specimen bonds from the Bradbury, Wilkinson & Co. archive for £20, £100, £500 and £1000, very large format pieces with coat of arms at top, ornate borders, orange, brown, blue and purple respectively, with coupons, extremely fine and rare. (4) £300-400 487 Argentine Republic, 1939, 4% State Railway Bonds, 2nd Issue, a set of specimen bonds from the Bradbury, Wilkinson & Co. archive for £100, £500 and £1000, very large format pieces with coat of arms at top, ornate borders, green, red and blue respectively, with coupons, extremely fine and rare. (3) £200-300

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488 Province of Buenos Aires, 1936, 3% External Sinking Fund Loan, $100 bond, a specimen certificate from the American Bank Note Co. archives, allegorical figures at top, brown and black, numbered 00000 overprinted SPECIMEN over signature areas, good very fine £80-100

489 Province of Entre Rios, 1885 6% Entre Rios Central Railway Loan, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archives, large format, coat of arms at top, ornate border, black with blue underprint, with coupons, about extremely fine. £100-120 490 City of Santa Fé, 6% Loan, 1889, a group of bonds for £100 (16), large format, ornate border, black, several endorsements on face, with coupons from 1975; together with 1906 Funded Coupon Bonds for £25 each (25), similar format to the last, brown, blue underprint, with coupons from 1975, mixed condition, many fine and a few very fine. (41) £150-200

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BRAZIL

491 Banco Constructor de la Plata, a set of certificates for 1, 10 and 100 shares of 100 pesos, Buenos Aires 1891, ornate design with lots of scrollwork and text fonts, brown, blue and blue-green, a couple of tiny edge nicks otherwise very fine and better. (3) £100-150 492 River Plate Pressure Meat-Preserving Co. Ltd., a group of 68 certificates for £10 share, 1872, £3 paid, all but three examples overprinted ‘FULLY PAID UP SHARE, scrollwork at left, black, large embossed seal, generally very fine and better. (68) £150-200 494 Brazilian 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 early issue. £100-120

493 Sociedad Anonima Indicador Eléctricio Automatico, a specimen certificate for 5 shares of 100 pesos, Buenos Aires 1889, from the American Bank Note Co. archives, lovely vignette of early stock tickertape machine top left, ornate border, orange and black, with counterfoil, overprinted SPECIMEN in signature areas, about extremely fine. £80-120

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495 United States of Brazil, Western of Minas Railroad Co., 5% Guaranteed Loan of 1893, a set of specimen bonds for £1000, £500 and £100, from the Bradbury, Wilkinson & Co. archive, large format pieces with ornate borders, Brazilian arms at top, red, blue and green respectively, with coupons, the first with creases otherwise about extremely fine. (3) £250-300

497 United States of Brazil, 5% Funding Loan, 1900, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archive, large format piece with Brazilian arms at top, ornate border, green and black, with coupons, annotation at bottom ‘passed by N.M.Rothschild’ at bottom, almost extremely fine. £100-120

496 United States of Brazil, 5% Loan of 1895, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archive, large format piece with ornate border, Brazilian arms at top, green and black, with coupons, overprinted specimen in red, annotated ‘passed by N.M.Rothschild’ at bottom right, good very fine. £100-120

498 United States of Brazil, Railway Guarantees Rescission 4% Loan, 1902, a specimen £20 bond from the Bradbury, Wilkinson & Co. archive, large format piece with ornate borders, Brazilian arms at top, brown and black, with coupons, about extremely fine. £100-120

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499 United States of Brazil, Railway Guarantees Rescission 4% Loan, 1902, Second Series, a specimen £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

500 United States of Brazil, 4% Loan, 1910, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archive, large format piece with coat of arms in top left corner, ornate border, green and black, with coupons, about extremely fine. £80-100

501 Government 71⁄ 2 % Coffee Security Loan of 1922, a specimen bond for £500 from the Bradbury, Wilkinson & Co. archive, ornate border with vignette of coffee picking at top, brown and black, overprinted ‘specimen’ in red, with coupons, extremely fine. £100-120

502 United States of Brazil, Central Railway Electrification Loan of 1922, 30-Year 7% Gold Loan, pair of specimen bonds for $500 and $1000 from the American Bank Note Co. archives, vignette of ‘Apollo’ at top, Brazilian arms at bottom, green and brown respectively, not numbered and not stamped specimen, with coupons, about extremely fine and rare, (2) £120-150 Page 113

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503 United States of Brazil, 61⁄ 2 % Loan of 1927, a specimen bond for £1000 from the Bradbury, Wilkinson & Co. archive, small coat of arms at top, ornate border, mauve and black, red circular specimen stamp at bottom, about extremely fine. £100-120

505 State of Minas Geraes, 61⁄ 2 % 30-Year External Sterling Loan of 1928, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archives, large format piece with State coat of arms at top, red and black, with coupons, numbered 00000, small hole cancel, about extremely fine. £100-120 506 State of Minas Geraes, 61⁄ 2 % 30-Year External Sterling Loan of 1928, a specimen bond for £500 from the Bradbury, Wilkinson & Co. archives, large format piece with State coat of arms at top, green and black, with coupons, small hole cancels, good very fine. £100-120

504 United States of Brazil, 5% 20-Year Funding Loan, 1931, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archive, large format piece with Brazilian arms at top, ornate borders, green, with coupons, extremely fine. £60-80 www.spink.com

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507 State of Minas Geraes, 61⁄ 2 % 30-Year External Sterling Loan of 1928, a specimen bond for £1000 from the Bradbury, Wilkinson & Co. archives, large format piece with State coat of arms at top, blue and black, with coupons, numbered 00000, small hole cancel, about extremely fine. £100-120

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508 State of Para, 5% Sterling Loan, 1907, a specimen bond for £20, from the Bradbury, Wilkinson & Co. archives, large format piece with allegorical female at top, ornate border, mauve and black, numbered 00000, small hole cancel, very fine. £100-120

510 City 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 of dockside, railway and city, text in English and Portuguese, red and blue respectively, printed by Waterlow & Sons, with all coupons, generally extremely fine. (13) £250-300

509 State of Para, 5% Sterling Loan, 1907, a specimen bond for £200, from the Bradbury, Wilkinson & Co. archives, large format piece with allegorical female at top, ornate border, blue and black, numbered 00000, small hole cancel, very fine to extremely fine. £100-120

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

(24) £350-450

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512 State of San Paulo, 1913, 5% Treasury Bonds, a specimen bond for £1000, from the Bradbury, Wilkinson & Co. archive, large format piece with vignette of workers picking coffee beans, orange and black, with coupons, numbered 000000, small hole cancels over signatures, paper adhesion at left edge, good very fine. £80-100

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CHILE

513 State of San Paulo, 6% Sterling Loan, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archives, large format piece with coat of arms at top, ornate border, red and black, with coupons, about extremely fine. £100-120

515 Chilian 5% Loan of 1896, a specimen bond for £500 from the Bradbury, Wilkinson & Co. archive, large format, Chilian arms at top, blue and black, with coupons, extremely fine. £100-120

514 Central Sugar Factories of Brazil Ltd., £20 preferred shares, £5 paid, 188[2], coat of arms at top, attractive scrollwork left, black; together with Argentine Sugar Estate & Factories Ltd., £10 shares, first issue, 188[4], scrollwork left, black, both about very fine. (2) £60-80

516 Chilian Government 5% Annuities, 1908, a specimen bond for £100 from the Bradbury, Wilkinson & Co. archive, very large format piece with Chilian arms at top, ornate border, blue and black, with coupons, extremely fine. £100-120 Page 117

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517 Chilian 5% State Loan, 1911, a specimen bond for £20 from the Bradbury, Wilkinson & Co. archive, large format piece with Condor and 5 pointed star at top, ornate border, brown and black, with coupons, crease in centre, about extremely fine. £80-100

519 Chilian Government, 8% Sterling Loan of 1922, a specimen bond for £20 from the Bradbury, Wilkinson & Co. archive, very large format piece with Chilian arms at top, ornate border, mauve and black, with coupons, about extremely fine. £80-100

520 Banco Hipotecario de Chile, a specimen bond for 10,000 pesos, Santiago de Chile 19- (circa 1910), from the American Bank Note Co. archives, three small vignettes of railway bridges and state building, orange and black, with counterfoil, good very fine. £60-80 518 Republic of Chile, 1921, 20-Year Sinking Fund 8% Gold Loan, pair of specimen bonds from the American Bank Note Company, $500 and $1000, coat of arms at top flanked by allegorical figures, brown and green respectively, numbered 00000 and overprinted ‘SPECIMEN’ in red over signature area, with coupons, some very slight age toning, good very fine and rare (2) £120-150 www.spink.com

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COLOMBIA

COSTA RICA

521 6% Colombian Loan, 1824, bond for £100, Letter A, 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 not affecting the design, about very fine. £150-200

522 Costa Rica, Ferrocarril al Pacifico, a specimen bond for 1000 pesos, San José 189-, from the American Bank Note Company archives, beautiful piece with coat of arms in centre flanked by steam train at left and steamship at right, portrait of Minor C. Keith at bottom, overprinted SPECIMEN in red, numbered 0000, with coupons, very fine and rare. £150-200

523 Banco 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 at top, ornate border, green and black, overprinted SPECIMEN at bottom, with coupons, tri-folded otherwise extremely fine. £60-80 Page 119

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CUBA

524 Republic of Cuba, 41⁄ 2 % External Loan, 1937, pair of bonds for US$100 no.5279 and US$1000, no.58650, group of allegorical figures at top, ornate border, blue and green respectively, ABNCo., with coupons, very fine. (2) £80-100

526 Municipio de Cienfuegos, 5% Loan, 1906, a specimen bond for $100 from the American Bank Note Co. archives, coat of arms at top, ornate border, brown and black, numbered 00000 and overprinted SPECIMEN in red, with coupons, very fine £80-100

525 Republic of Cuba, 41⁄ 2 % External Loan, 1937, pair of bonds for US$100 no.6026 and US$1000, no.11963, group of allegorical figures at top, ornate border, blue and green respectively, ABNCo., with coupons, very fine. (2) £80-100 527 Compania Ferrocarriles del Norte de Cuba, a group of 3 certificates each for 100 shares of 100 pesos, 19[13], numbers 644, 648 and 750, steam train passes track workers, ornate border, green and black, very fine to extremely fine. (3) £60-80

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528 Cuba Northern Railways Company (Ferrocarriles del Norte de Cuba), 51⁄ 2 % first mortgage gold bond, 1927, US$1000, no.M10239, engineer working at front of steam engine, goods crane and wagon at either side, orange and black, printed by the Hamilton Bank Note Co., with coupons, good very fine. £60-80

530 Cuba Railroad Company, 1902 First Mortgage 5% 50-Year Gold Bond, a group of 10 bonds for US$1000, four are signed by W. Van Horne as President, steam engine top centre, ornate border, orange and black, with coupons, a couple with edge tears, one with damaged corner otherwise generally fine to very fine. (10) £200-300

529 Cuba Northern Railways Company (Ferrocarriles del Norte de Cuba), a group of seven 51⁄ 2 % first mortgage gold bonds, 1927, US$1000, engineer working at front of steam engine, goods crane and wagon at either side, orange and black, printed by the Hamilton Bank Note Co., with coupons, a few with tiny edge tears, generally about very fine to very fine. (7) £300-400

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531 Cuba Railroad Company, Improvement and Equipment 5% 50-Year Gold Loan, 1910, a group of 14 bonds for $1000, all signed by W. Van Horne as President, steam train passing station, ornate border, green and black, ABNCo., with coupons, one has large cut from careless removal of coupon, a few edge splits, fine to very fine. (14) ÂŁ150-200

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532 Cuba Railroad Company, First Lien and Refunding Mortgage Gold Loan, series A, 1921, a group of 2 bonds for US$100, and 8 bonds for $1000, steam train at top with workers in field at each side, ornate border, green & black and slate blue & black, ABNCo., with coupons, the $100 both with numerous edge tears, only fine but rare, the $1000 generally fine to very fine but one with damaged bottom edge, a few with edge splits. (10) ÂŁ140-180

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DOMINICAN REPUBLIC

535 Banque Nationale de Saint-Domingue, founders share, Paris 1889, no.6292, ornate border with goods at dockside, village, cornucopia and arms of St.Domingo at top, brown and black with green underprint, with coupons, about extremely fine. £60-80 533 Cuba Railroad Company, First Lien and Refunding Mortgage Gold Loan, series B, 1926, a group of 6 bonds for US$1000, steam train at top with workers in field at each side, ornate border, red and black, ABNCo., with coupons, some minor edge splits, fine to very fine. (6) £150-200

ECUADOR

536 Compania de Ferrocarril y Obras Publicas de Guayaquil, a specimen certificate for one share of 500 sucres, 1888, from the American Bank Note Company archives, speeding steam train at top, black with ornate green underprint and border, overprinted SPECIMEN at bottom, with counterfoil, about extremely fine. £120-140

534 Ferro-Carril de Guantanamo, a group of 5 certificates for one share of 100 pesos, Santiago de Cuba 18[77], steam train at top, black, all with red ‘DUPLICADO’ in centre, stamped cancelled, some ink burning in the body of the certificates, otherwise very fine to about extremely fine. (5) £150-200 Page 123

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EL SALVADOR

537 Republic of El Salvador, 3% External Sinking Fund Sterling 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 or better. (3) £150-200

538 El Salvador, Banco Occidental, a specimen certificate for one share of $100, San Salvador circa 1905, from the American Bank Note Company archives, coat of arms in centre flanked by allegorical figures, ornate border, green and black, overprinted SPECIMEN in red, with coupons, centre fold, good very fine. £80-100

539 San 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, San Salvador, good very fine. £80-100

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GUATEMALA

HONDURAS

540 Compania de Agencias de Champerico Ltda, a specimen certificate for 100 peso share from the American Bank Note Co. archives, Quezaltenango 1886, allegorical females to the left and top right, the latter with paddle steamer in the background, red and black, numbered 0000, stamped SPECIMEN at bottom, extremely fine. £60-80

542 Honduras Government Railway Loan, 1867, bond for £100, no.1640, contracted by Bischoffsheim and Goldschmidt, large format piece, black, coupons at either side with blue underprint, very fine. £60-80

541 Credito Hipotecario Nacional de Guatemala, 4% bond for 100 quetzales, 1935 and 3% bond for 100 quetzales, 1939, specimen certificates from the American Bank Note Co. archives, allegorical male at top, ornate borders, brown and red respectively, numbered 00000 and overprinted SPECIMEN at bottom, very fine to extremely fine. (2) £100-120 Page 125

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MEXICO

543 Paraiso Reduction Company (NY), $25 shares, 18[84], no.83, mine buildings in centre, black, pink underprint, red seal, property in Yuscaran, Honduras. good very fine. £80-100

544 Santa Elena Mining Company (NY), $25 shares, 188[4], no.232, miners underground, black with blue underprint, red seal, mines in Yuscaran, Honduras, good very fine. £80-100

545 Gibraltar 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

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546 United 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 and black, text in Spanish, English German and French, with coupons and scrip certificate, top edge slightly damaged but well away from the design, rust mark at extreme bottom edge, very fine. £200-300

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547 State of Chihuahua, 5% Loan, 1900, in aid of the Compania del Ferrocarril de Chihuahua al Pacific, $1000 silver, no.203, steam train at top, blue and black, with coupons, about extremely fine and scarce. £80-100

548 City 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

549 State 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 and English, green and black, with coupons, very fine and rare. £150-180

550 City Council of Cordoba, 6% Loan, 1904, pair of bonds 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 and English, with coupons, good very fine and fine to very fine, the second rare. (2) £150-200 Page 127

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551 San Luis Potosi, 6% Loan for the Construction of the Market Hall of Porfirio Diaz and Colon, 1890, a specimen bond for $100, from the American Bank Note Company archives, Mexican eagle at top, ornate brown and black printing, text in Spanish and English, with coupons, some splitting at folds in centre, very fine. £120-150

553 Mexican International Railroad Company, 41⁄ 2 % Prior Lien Sterling Loan, 1897, a specimen bond for £100, from the American Bank Note Company archives, steam train in centre, Mexican eagle at left, bald eagle at right, slate blue and black, overprinted SPECIMEN in red, numbered 00000, with coupons, good very fine. £150-200

552 Ferrocarril 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 with green underprint, with coupons, long split at centre fold, left edge with chips and splits, fine to very fine and rare. £80-100 554 Banco de San Luis Potosi, ‘bono fundador’, no. 186, 1897, coat of arms in centre, yellow and black, with coupons, small edge tear otherwise nearly extremely fine. £60-80 www.spink.com

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May 18, 2012 - London 555 Banco 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 part repayment in 1903, about extremely fine. £60-80

PANAMA

556 Tehuantepec Company, 7% Loan, 1853, bond for £250, no.679, very attractive piece with numerous vignettes, black with red ‘$250’ in centre, with coupons, good very fine. £150-200 557 Tehuantepec Company, 7% Loan, 1853, bond for £250, no.701, very attractive piece with numerous vignettes, black with red ‘$250’ in centre, with coupons, good very fine. £150-200 559 Republic of Panama, 30-Year 61⁄ 2 % Gold Loan, 1926, a specimen bond for $500 from the American Bank Note Company archives, Panama coastline with allegorical figures in centre, ornate border, orange and black, not numbered, no coupons, extremely fine. £80-100

PERU 560 Peruvian Mining Company, certificate for one share, London 1825, no.4585, issued to David Barclay Chapman, plain format piece, black, extremely fine. £80-100 558 Cuyutlan Gold Mines Company, certificate for 25 shares of $1, 191[3], no.796, vignette of Napoleon, black, good very fine. £200-300 Company incorporated in Maine but owned mines in Mexico.

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POYAIS

561 Poyaisian 3% Consolidated Stock, £250 bond, 1827, no.212, signed by Gregor MacGregor, coat of arms at top, pink and black, with coupons, some splitting along folds, old tape repairs on the reverse, fine. £60-80

URUGUAY

563 City of Montevideo, 6% Southern Boulevard Loan, 1926, $1000 bond, a specimen certificate from the American Bank Note Co. archives, allegorical figure at top, orange and black, with coupons, numbered 00000 in blue, overprinted SPECIMEN in red, split at folds at top and bottom, fine to very fine. £80-100

PUERTO RICO 562 Puerto Rico, 31⁄ 2 % Loan of 1935, series A, Irrigation Extension, a group of bonds for $1000 (3), dated Washington 1936, vignette of the Columbus Cross at Aguadilla at left, green and black, with coupons, numerous hole cancellations, otherwise very fine to extremely fine. (3) £200-300

564 Athenaeum of Uruguay, a share for 30 pesos in the loan for the building of the Athenaeum, Montevideo 188[2], no.241, allegorical figures in centre, attractive black and red printing, slight foxing and split at folds, fine to very fine and scarce. £60-80 www.spink.com

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VENEZUELA

565 Banco Hipotecario del Uruguay, 5% mortgage bond, 5,000 pesos, 194-, a specimen, printed by Waterlow & 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, two folds, very fine to extremely fine. £60-80

566 Venezuela, 3% Diplomatic Debt, 1905, issued in 1906 for unification and conversion of the Consolidated 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 and another £100 with redemption overprint, huge format pieces with text in four languages, brown, brown and blue respectively, with coupons, the last is damaged at the top edge affecting the design, others very fine. (3) £100-120

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RUSSIA COLLECTIONS AND LOTS 567 A large quantity of Russian bonds, comprising Armavir-Touapse Railway Co., 1909, £500 (3), £20 (10), £100 (24), and 1913, £100 (17); City of Kieff (Municipal Electric Tramway), 5% loan 1914, scrip certificates for £20 (32), £100 (17) and £500 (1); City of 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 some damaged, many fine and very fine and a useful lot.

(210) £400-500

x570 1822 5% ‘Rothschild’ Loan, bond for 720 roubles or £111, no.6909, handsigned by Nathan Rothschild as Contractor, double headed eagle at top, black, on poor quality paper, with two red handstamps for delivery of new coupon sheets in Russia, ragged left edge, some splits at folds with light repair on the reverse, fine. £60-80 571 1822, 5% ‘Rothschild’ loan, bond for 720 roubles or £111, handsigned by Nathan Meyer Rothschild as Contractor, double headed eagle at top, black, on poor quality paper, with talon, a few folds and almost separated across centre, fine to very fine. £80-100

568 A large group of Russian bonds comprising; 1889, 4% Consolidated Railroad Bonds, 125 roubles (85), 625 roubles (6) and 1250 roubles (50), all 1st or 2nd series; 1890 4% Gold Loan, 2nd issue, 3125 roubles, 625 roubles (4) and 125 roubles (5); 1906 5% State Loan, 1875 roubles (50), 937.50 roubles (100); 1908 North Donetz Railway, 187.50 roubles (77), lacking coupons, and, 1909 41⁄ 2 % State Loan, 2500 francs (100), mixed condition but many are very fine and extremely fine. (478) £600-800

GOVERNMENT LOANS

569 1817/18 6% Perpetual Annuities, a bearer certificate for 500 roubles, issued 1864, 4th series, no.35299/, Imperial eagle, black, Russian on the obverse, French on the reverse, with coupons, good very fine. £120-150

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572 1822, 5% ‘Rothschild’ loan, bond for 720 roubles or £111, handsigned by Nathan Meyer Rothschild as Contractor, double headed eagle at top, black, on poor quality paper, with talon, a few folds, slight separation in centre but very fine for this issue. £80-100

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573 1822, 5% ‘Rothschild’ loan, bond for 960 roubles or £148, handsigned by Nathan Meyer Rothschild as Contractor, double headed eagle at top, black, on poor quality paper, with talon, heavy folds, fine. £100-120

574 1822, 5% ‘Rothschild’ loan, bond for 3360 roubles or £518, handsigned by Nathan Meyer Rothschild as Contractor, double headed eagle at top, black, on poor quality paper, with talon, a few folds but very fine for this issue and a scarce denomination. £200-250 x575 Imperial Russian Government, 51⁄ 2 % Loan, 1916, bond for $1000, no.22593, double headed eagle flanked by allegorical females, green and black, with coupons, together with a French Rente Viagères, February 1781, contract plus vellum quittance, top right corner missing, and an unissued certificate of Compagnie Internationale des Wagons Lits, 1929, generaly very fine. (3) £70-90

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CITY LOANS

576 Imperial Russian Government 5-year 51⁄ 2 % Loan, 1916, a group of 9 bonds for $1000, double headed eagle flanked by female allegories, green and black, printed by the American Bank Note Co., with coupons, very fine and better. (9) £350-400

578 City of Nikolaef, 5% Loan, 1912, bond for £500, no.0037, coat of arms at top, ornate border, red and black, with coupons, small edge tear at right, good very fine. £120-150 579 City of Nikolaef, 5% Loan, 1912, a pair of bonds from the second issue, for £20 and £100, coat of arms at top, ornate border, brown and blue respectively, with coupons, good very fine and about very fine. (2) £80-100 580 City of Nikolaef, 5% Loan, 1912, a group of 3 bonds for £20 from the scarce second issue, coat of arms at top, ornate border, brown and black, with coupons, small edge nicks, fine to very fine. (3) £80-100

577 Russian Imperial Government, a very rare nominative certificate issued by ‘La Commission Imperiale d’Amortissement’, St. Petersburg 1[916], no.1642, ornate border, black, with coupons, two heavy folds, fine to very fine. £150-200 www.spink.com

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x581 City of Nikolaef, 5% Loan, 1912, pair of bonds from the scarce second issue for £20, 400 issued, and £100, 265 issued, arms at top, ornate borders, brown and blue respectively, with coupons, good very fine to extremely fine. (2) £100-120

582 City of Nikolaef, 5% Loan, 1912, a £500 bond from the rare second issue, no. 0263, of only 14 issued of this series, ornate border, red and black, arms at top, with coupons, edge tear at right, about very fine and rare. £400-500

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583 City of St. Petersburg, 41⁄ 2 % Loan, 1891, bond for 500 roubles, no.10073, City arms at top, blue and black, with coupons, endorsement at top left, good very fine. £80-100

584 City of St. Petersburg, 41⁄ 2 % Loan, 1913, scrip certificate for £1000, no.246, ornate border, green, stamped FULLY PAID, printed by Waterlow & Sons, spike holes at top, creased, fine but rare. £80-100 www.spink.com

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585 City of St. Petersburg, 8th Loan, 1913, a set of bonds comprising £1000, no.477, £500, no.637, £100 and £20, ornate borders, various colours, with coupons, small edge tear on £1000 otherwise good very fine and better. (4) £300-400

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586 City of Saratoff, III, IV, V and VI Loans, 1909, a group 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) £200-250

587 City of Vilna, 5% Loan, 1912, a group of 30 bonds for £20, consecutively numbered 4641 to 4670, large format, coat of arms at top, ornate border, red and black with yellow underprint, with coupons, extremely fine and scarce. (30) £400-500

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590 City of Warsaw, 41⁄ 2 % 6th Loan, 1899, bond for 100 roubles, no.38215, lovely vignette of the new market hall with shoppers at left and produce at right, multicoloured, with coupons, slight ink smudge at top right, good very fine. £80-100

588 City of Wilno (Vilna), 5% Conversion Loan, 1931, bond for £100, no.0241, ornate border, green and black, red duty stamp and blue duty paid stamp, with coupons, good very fine and scarce. £80-100

591 City of Warsaw, 41⁄ 2 % 6th Loan, 1899, bond for 500 roubles, no.37111, lovely vignette of the new market hall with shoppers at left and produce at right, blue and black, with coupons, only 600 issued, about very fine and rare. £120-150

589 City of Warsaw, 5th Loan, 1st series, 1896, bond for 100 roubles, no.34923, and 2nd series, 1901, no.45035, ornate borders of water pipes and vignette of the city, brown, yellow underprint, the first with coupons, very fine. (2) £120-150

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592 City of Warsaw: A group of 3 Conversion bonds issued to replace issues of the Russian Government prior to 1917 comprising 6% 8th loan, 1930, bond for 142 zloty; 41⁄ 2 % 4th loan, 1931, 66.50 zloty, and 41⁄ 2 % Loan, 1931, to replace the French portion of the 7th loan, 284 francs, all have city views in bottom corners, with coupons; together with a scrip certificate for the City of Perm 5% Loan of 1914, £100, mauve, about very fine and better. (4) £80-100

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RAILWAYS 593 Armavir-Touapse Railway Co., 41⁄ 2 % Loan, 1909, a group of 100 bonds for £100, ornate border, blue and black, with coupons, mixed condition, fine to very fine, a few better. (100) £400-500

596 Black Sea Kuban Railway Company, 41⁄ 2 % Loan, 1911, a group of bonds for £20 (70) and £100 (5), ornate border, orange and blue respectively, with coupons, one of the £100 bonds has edge tears otherwise generally very fine to extremely fine. (75) £250-350

594 Armavir-Touapse Railway Company, 41⁄ 2 % Loan, 1909, bond for £500, no.00960, ornate border, red and black, with coupons, extremely fine. £80-100

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

300) £400-600

595 Baltic Railway Company, certificate for 1 dividend share, 1872, small vignette of steam train in central medallion, brown and black, text in Russian and German, with coupons, top left corner missing just touching the design, good fine. £60-80

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598 First Union Tramway Company of Moscow, certificate for 10 bonds of 100 roubles each, Moscow 1895, no.80768085, ornate border, pink and black, no coupons remain, slightly uneven left edge where coupons removed, very fine and rare. ÂŁ1,200-1,500 www.spink.com

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599 Kahetian Railway Company, 41⁄ 2 % Loan, 1912, bond for £500, no.C28546, of only 300 issued, ornate border, red and black, with coupons, almost extremely fine. £80-100

601 Kokand 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

600 Kahetian Railway Company, 41⁄ 2 % Loan, 1912, bond for £500, no.C28547, of only 300 issued, ornate border, red and black, with coupons, almost extremely fine. £80-100

602 Kokand Namangan Railway Co., 41⁄ 2 % Loan, 1910, a group of 33 bonds for £100, together with Troitzk Railway Co., 41⁄ 2 % Loan, 1910, a group of 14 bonds for £100, all with ornate borders, blue, with coupons, mixed condition, fine to very fine, many better. (47) £200-300

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603 Kokand Namangan Railway Company, 41⁄ 2 % Loan, 1910, bond for £500, no.C8578, of only 80 bonds issued, ornate border, red and black, red impressed duty stamp, with coupons, small edge tears at top, bottom and right, very small piece missing from top right corner, the body of the piece still about very fine, very rare. £400-500 604 Nicolas Railroad, a group of approximately 500 bonds of 125 roubles, nearly all of which are the 1867 issue, coat of arms at top, ornate border, black, with coupons, mixed condition but many are very fine and better. (approx. 500) £700-900

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605 Russian South Eastern Railway Company, 41⁄ 2 % Loan, 1914, a group of 21 bonds for £100, ornate border, blue and black, with coupons, very fine to extremely fine. (21) £100-150

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606 Société 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 fine and rare. £800-1,000 Page 143

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607 Troitzk Railway Company, 41⁄ 2 % Loan, 1910, a group of 10 bonds for £100, ornate border, blue and black, with coupons, all about uncirculated. (10) £80-100

608 Troitzk Railway Company, 41⁄ 2 % Loan, 1913, bond for £500, no.61410, ornate border, red and black, with coupons; together with Kokand Namangan Railway, £100, Troitzk Railway, 1910, £100 and City of Kieff, 1914, £100, good very fine and better. (4) £100-120 www.spink.com

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609 Wladikavkas Railway Company, 4% Loan, 1900, US$1000 bond, no.6519, ornate border, red and black, with coupons, couple of small edge splits at folds, fine to very fine. £80-100

610 Wolmar Railway Company, 41⁄ 2 % Loan, 1910, bond for £100, 4955, coat of arms at top left, blue and black, with coupons, good very fine and scarce £60-80

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BANKS AND COMPANIES

612 Kharkov Commercial Bank, 100 rouble share, 2nd issue, 1872, no.5621, ornate border, mauve and black, text all in Russian, no coupons remaining, small stain and tear at left edge otherwise very fine and rare. £500-600

611 Banque Fonciére du Gouvernement de Kherson, 41⁄ 2 % mortgage bonds for 100 roubles, series 16, 1909, 500 roubles, series 5, 1898 and 1000 roubles, series 17, 1910, peasants in wheat field in centre, brown, blue and red respectively, text in Russian on the fronts but with French and some Hebrew on the reverse, with coupons, the 500 has a stain in the centre otherwise very fine or better. (3) £100-120

613 Mugrevo-Spirovskoe Forestry Association, 2000 rouble share, Moscow 1908, no.230, of only 350 issued, ornate border, blue and black, with coupons, very light damp stain at right, hardly noticeable, extremely fine. £180-220 Page 145

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x614 Nobel Brothers Petroleum Production Company, certificate for 2 shares of 250 roubles, 1911 issue, no.47519-47520, ornate border, red and black, with coupons, a couple of repaired edge tears otherwise very fine and a rare certificate from this famous oil company. £200-300

616 Russian-Canadian-American Passenger Agency, one share of £50, Moscow 1924, no.326, of only 400 issued, ornate border, mauve and black with green underprint, text in Cyrillic and English, no coupons, extremely fine. £150-200

615 Russian and English Bank, preliminary certificate to bearer for one share of the 3rd issue, Petrograd 1916, no.343, ornate border, black and red on pale grey paper, text in Russian and English, good very fine and scarce. £60-80 617 Société Anonyme de la Brasserie D’Odessa, 250 rouble share, 2nd issue, 1899, no.2082, ornate border, brown and black, red endorsement on face, lacks coupons, good very fine. £400-500 Only 800 of these issued, numbered 1601 to 2400. www.spink.com

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BRITISH COMPANIES IN RUSSIA 620 A small group of British Companies working in Russia; some duplication, includes Orsk Goldfields Ltd., 19[24]; Anglo Maikop Corporation Ltd., 19[20], and, Irtysh Corporation Ltd., option certificates, 191[4], 3 examples, mixed condition, many fine and better. (18) £80-100

618 Société de la Brasseries de Kiew, 500 rouble share, 1873, 4th replacement certificate 1904, no.682, ornate border, blue and black, with coupons, extremely fine. £300-400 As is often the case with Russian shares and bonds, when the first sheet of coupons (10 years in this case) is exhausted the whole certificate is replaced rather than just the coupon sheet.

619 Upper Trading Rows Union in Red Square, 5% bond, 200 roubles, 2nd series, Moscow 1891, no.460, ornate border, yellow and black, one coupon remaining, good very fine and rare. £400-500 The famous store GUM on Red Square in Moscow was in fact a shopping mall of some 1200 individual shops by 1917. In the 1890’s when completed it was known as the Upper Trading Rows. Another similar mall adjacent was known as the Middle Trading Rows. This company was the Union of those individual businesses.

621 A useful collection of Russian Oil companies, all British registered comprising Anglo-Maikop Corporation Ltd., £1 ordinary shares, 191[0], plain early issue, scarce, £1 ordinary shares, 19[11], two examples, part paid, brown, and fully paid, blue, with attractive vignette of oilfield at top left; Baku Consolidated Oilfields Ltd., ‘A’ and ‘B’ shares, both 19[19]; Baku Russian Petroleum Co. (1909) Ltd., 19[10], vignette of oilfield at top centre; Black Sea Amalgamated Oilfields Ltd., 191[5]; Black Sea Oil Fields Ltd., 19[11]; Emba Caspian Oil Co. Ltd., 191[9], with capital overprint and 192[8]; Maikop and General Petroleum Trust Ltd., 191[0]; Maikop Orient Oil Co. Ltd., [1911]; Maikop Pipeline and Transport Co. Ltd., deferred shares, [1910], ordinary shares, [1911] and [1913] with increased capital; Maikop Valley Oil Co. Ltd., 191[0]; Schibaieff Petroleum Co. Ltd., preference shares, 189[9], and, Spies Petroleum Co. Ltd., 19[34], generally fine, a few better. (18) £220-280

622 Anglo Russian Cotton Factories Ltd., £10 shares, [1914], no.223, ornate border with scrollwork at left indicating ‘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 registered share of this company. The 1897 debentures are well known and until recently were redeemable at par plus compound interest . The company is now in the final stages of liquidation.

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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, were confiscated 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 compensation from the Foreign Compensation Commission a few years ago when certain deals were struck between the Russian and British Governments. The company’s accountants then set about trying to find holders of the bearer debentures so that they could be paid out accordingly. Holders were fortunate enough to receive the face 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. The debentures have been neatly cancelled and collectors will be able to benefit from their sale.

623 Anglo-Russian Cotton Factories Ltd., a group of 314 Second Charge debentures of £100, 1897, most handsigned by Evelyn Hubbard or W.C.Hubbard as director, ornate border, blue with pink underprint, with coupons, neatly cancelled by rubber stamp on the reverse, generally very fine and better. (314) £2,500-3,000

624 Anglo-Russian Cotton Factories Ltd., 243 1st debs, a group of 243 First Charge debentures of £100, 1897, most handsigned by Evelyn Hubbard or W.C.Hubbard as director, ornate border, brown with green underprint, with coupons, neatly cancelled by rubber stamp on the reverse, generally very fine and better. (243) £2,000-2,500 www.spink.com

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625 European Petroleum Co. Ltd., a set of specimen bearer share certificates for 5, 10 and 25 shares of £1, printed by W.W.Sprague & Co., all 189-, large format pieces with vignettes of oilfield and storage tanks, ornate borders, green, brown and orange, overprinted specimen in red, with coupons, lightly toned, very fine and better. (3) £120-150

627 Nerchinsk Gold Co. Ltd., a group of 4 certificates for £1 shares, 18 shillings paid, 19[03], no.438, fully paid, three examples dated 19[07] and 19[08], no’s 4190, 4288 and 4978, ornate border, mauve, text in English with a small amount of Cyrillic in the top margin, fine to very fine. (4) £80-100

626 European Petroleum Co. Ltd., a specimen £100 debenture, 1906, printed by W.W.Sprague & Co., large format piece with vignettes of oilfield and storage tanks, ornate border, brown and black with pale green underprint, overprinted specimen in red, with coupons, lightly toned, good very fine. £60-80

628 New Central Siberia Ltd., a specimen £50 debenture, 19- (circa 1915), printed by W.W.Sprague and Co., ornate border, brown and black, red overprint SPECIMEN, light toning but about extremely fine. £100-120

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Bonds and Share Certificates of the World 632 Russian Tobacco Co. Ltd., a group of bearer certificates for 1 share (3), 5 shares (1), 25 shares (1), 50 shares (4) and 100 shares (41), all with allegorical female at top, ornate borders, various colours, printed

by Waterlow & Sons, Ltd., with coupons, mixed condition but many very fine and better. (50) £200-250

629 Orsk Goldfields Ltd., a pair of certificates for £1 ordinary shares, 19[30], no.4860 and 5/- preference shares, 191[30], no.1519, ornate borders, blue with pink underprint and black with green underprint, very fine. (2) £60-80 630 Russian General oil Corporation (Société Generale Naphthifère Russe) Ltd., a large group of 400 bearer warrants for 25 shares of £1 each, 19[13], ornate border with allegorical female seated at left, orange and black, text in English. French and Cyrillic, with coupons, several endorsements on face, mostly extremely fine to uncirculated. (400) £800-1,200 631 Russian Petroleum & Liquid Fuel Company Ltd., a group of certificates comprising £1 preference shares (4), 189[00] or 189[01], green, scrollwork at left; £1 ordinary shares (4), 19[01] to 19[10], black and £1 preference shares (4), 19[02] to 19[07], green, details of shareholding at left, all printed by Waterlow & Sons, fine to very fine. (12) £200-250

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633 Ural Caspian Oil Corporation Ltd., £1 ordinary shares, fully paid, 191[2] and 191[3], no’s 6208 and 7686, ornate border, blue and black, capital £1 million; together with £1 ordinary shares, 19[19], no.17206, black, capital £2 million, with original envelope, very fine and better. (3) £120-150

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UNITED STATES OF AMERICA COLLECTIONS AND LOTS 634 A group of mining and land companies comprising Boulder-London Gold, Land and Oil Development Co. (CO), $1 shares, 190(3), vignette of oilfield, red and black, printed by Goes, small edge tears, fine to very fine; together with other American certificates (5), comprising Seven Stars Gold Mining Company (NJ), $5/£1 shares, 189(3), blue; Virtue Consolidated Mines (OR), $1 shares, Montreal 189(9), underprint vignette of miners underground, green and black (2 examples); Poorman Gold Mines Limited, 2 shilling shares. 19(00), black, and, Cumberland River Estates Ltd., Stewart County, Tennessee, £1 shares, 189(6), blue, the last two are English companies, slight soiling on folds but generally fine to very fine. (6) £60-80

CONFEDERATE STATES OF AMERICA 639 A small selection of Confederate bonds, comprising Ball 3, 6 this with corner missing and stained, 74, 101, toned, 192, 280, 323 (2 examples), generally about very fine unless stated. (8) £200-300 640 A small collection of Confederate bonds (10), all different, many with vignettes, generally very fine or better and a good lot. (10) £250-300

635 A small group of American and Canadian certificates comprising Canada Southern Railway Co. $1000 registered bond 18-, only partly issued, signed

by Cornelius Vanderbilt; American Merchants Union Express Co., 1869, signed by William Fargo; Nova Scotia Land and Gold Crushing and Amalgamating Co. Ltd., £2 shares, 1863 (2 examples); Citizens Bank of Reading, 1894; First National Bank of the City of Brooklyn, and, Bank of Charleston, 1879, mixed condition but mostly very fine. (7) £100-120 636 A 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 shares in the Rome Turnpike Company, circa 1820, all printed in black, one or two edge chips but generally very fine and better. (8) £140-180 637 A collection of United States railway and tramway certificates (34), many 19th century, a few unissued, mostly with vignettes, includes Lake Ontario Shore Rail Road Co., $500 bond, 1871, and Syracuse Northern Railroad Co., $100 bond, 1870 issued by the town of Sandy Creek, many are cancelled and several with counterfoil reglued at left, generally very fine. (34) £150-200 638 A 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); International Match 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

641 Act of January 29th 1863, 7% Cotton Loan, bond for £100 or F2, 500, noD2192, signed by Emile Erlanger as contractors, allegorical female with flag and bales, text in English and French, black, greybrown underprint to coupons (Ball 157), good very fine. £200-250

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Bonds and Share Certificates of the World 642 Act of January 29th 1863, 7% Cotton Loan, bond for £100 or F2, 500, no.744, signed by Emile Erlanger as contractors, allegorical female with flag and bales, text in English and French, black, greybrown underprint to coupons (Ball 157), good very fine. £200-250

646 Act of February 20th 1863, 7% Loan, redeemable July 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, mixed condition, many very fine. (41) £600-700

643 Act of January 29th 1863, 7% Cotton Loan, pair of bonds for £100 or F2,500, and £200 or F5,000, both signed by Emile Erlanger as contractors, allegorical female 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 the denomination box and much smaller one in the equivalent bottom section. (2) £200-300

647 Act of March 23rd 1863, 6% Loan, redeemable April 1893, a group of bonds for $100 (14), Customs House in centre, black, with coupons (Ball 260), a lovely group in generally extremely fine condition. (14) £400-500

644 Act of February 20th 1863, 8% Loan, Redeemable July 1868, a group of $1000 bonds (28), Jefferson Davis left, view of Richmond to the right, black on pale blue-grey paper, with coupons (Ball 201), mixed condition with a few damaged, several are trimmed on all edges, some very fine. (28) £400-500

645 Act of February 20th 1863, 7% Loan redeemable July 1868, a group of $500 bonds (8), soldier warming hands over camp fire in centre, with coupons (Ball 220), two with small holes in body, generally fine to very fine. (8) £220-250 www.spink.com

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

(14) £400-500

649 Act of March 23rd 1863, 6% Loan, redeemable April 1893, a group of bonds for $1000 (24), Customs House in centre, black, with coupons (Ball 264), some with tone spots, generally very fine. (24) £500-700

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May 18, 2012 - London 650 Act of March 23rd 1863, 6% Loan, redeemable April 1893, a group of bonds for $1000 (20), Customs House in centre, black, with coupons (Ball 265), some with tone spots, generally very fine. (20) £500-700

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

(16) £400-500

STATE LOANS

651 Act of March 23rd 1863, 6% Loan, redeemable April 1893, a group of bonds for $1000 (23), Customs House in centre, black, with coupons (Ball 265), some with tone spots, generally very fine. (23) £500-700 652 Act of March 23rd 1863, 6% Loan, redeemable April 1893, a group of bonds for $1000 (13), Customs House in centre, black, with coupons (Ball 266), all with two small spike holes in top margin otherwise a lovely group in generally extremely fine condition. (13) £400-450

653 Act of April 30th 1863, 6% Loan, Redeemable June 1883, a group of bonds for $1000 (7), signed by Tyler (4) and signed by Jones (3), vignette of James Seddon, black, with coupons, the Jones pieces are from different printing plates, two of which have a distinct letter ‘Z’ in the bottom right corner, which are unlisted in Ball (Ball 280 + var), very fine and better.

(7) £180-220

655 State of Georgia, 7% Loan created August 19th 1861, bond for $500, 1862, no.4873, rather crude black printing with dockside scene at left and battle scene at right, State seal in centre, with coupons (CR.61B), tear at fold along top edge, good fine. £60-80

656 State of Georgia, 7% gold bond, 1870, no.10, signed by the Governor, Rufus Brown Bullock, State arms in centre flanked by allegorical females, goods at dockside and being unloaded from wagon, green and black, with coupons, lightly toned but very fine. £120-150

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Bonds and Share Certificates of the World 657 State of Georgia, 7% gold bond, 1870, no.24, signed by the Governor, Rufus Brown Bullock, State arms in centre flanked by allegorical females, goods at dockside and being unloaded from wagon, green and black, with coupons, lightly toned but very fine. £120-150

658 State of Louisiana, a group of 4 Certificates of Claim against the State for forced conversion and reduction of nominal value of 6% State Loan issued in 1837, issued by the Corporation of Foreign Bondholders jointly 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 Louisiana converted all outstanding bonds of the State into new 7% Bonds. The principal value of the old bonds was reduced to 60% and these certificates were a claim against the State by British bondholders, of which there were many, for the forced loss of 40% of the nominal amount.

659 State of North Carolina, 8% Loan, 1862, bond for $1000, no.3415, allegorical female in centre with cherubs to either side, black printing by Paterson & Co., with coupons (CR.62L), light toning, about very fine. £60-80

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660 Republic of Texas, 8% Loan, 1840, bond for $100, no.1776, dated at Austin 1841, handsome piece with cattle, paddle steamer and allegorical figure, black, with coupons, cut cancelled, with 3 triangular holes in the body, toned, two small nicks from top edge, about very fine. £250-350

RAILROADS & TRAMWAYS 661 A small group of Boston Railroad certificates comprising New York, Providence & Boston Rail Road Co., 18[36], allegorical females with steam train and paddle steamer, well toned paper; Boston and Providence Rail Road Corporation, $100 shares, 183[40], vignettes of steam train crossing viaduct and paddle steamer; Boston & Worcester Rail-Road Corporation, $100 shares, both 186[7], but with different impressed revenue stamps in centre, huge vignette of town with goods depot and railroad buildings, one has tape repairs on the reverse to hold fold splits; Boston, Clinton and Fitchburg Railroad Co., 18[75], and, South Boston Railroad Co., 18[85], most are cancelled, fine to very fine. (6) £80-100 662 A collection of 40 different American tramway certificates, dated 1860’s through to the 1950’s, a handful unissued, many with vignettes, includes Burlington Electric Railway Co., $500 bond, 1891; California Street Cable Railroad Co., 1919; East Harrisburg Passenger Railway Co., 1893; Harrisburg Traction Co., 1899; Middletown, Highspire and Steelton Street Railway Co., 1894, and, Washington and Old Dominion Railway, $1000 bond, 1911, many cancelled, some with stubbs re-attached, mixed condition but many very fine and better. (40) £150-200

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May 18, 2012 - London 663 A useful collection of 53 all different American Railroad certificates, suitable for expansion, comprising mostly well known issues, dated 1837 through the 1920’s, includes Addison Rail Road Co., 1877; Eastern and Western Air Line Railway Co., 1886; Malden and Melrose Railroad Co., 1849; NewYork, Providence & Boston Rail Road Co., 1837; Schuylkill & Lehigh Valley Railroad Co., 1889; Southwestern Railroad Co., 1896; Western New York and Pennsylvania Railway Co., 1895, and Wilmington and Northern Rail Road Co., 1877, many with vignettes, mostly cancelled, one or two unissued only, fine to very fine, a few better. (53) £200-300

664 Boston and Providence Rail Road Corporation, a group of 8 early certificates for $100 shares dated 183[40] or 183[41], vignette to left of early steam train crossing large viaduct, paddle steamer in centre, black, all hand cancelled, generally very fine and better early dates. (8) £100-150 665 Chauncey Depew: an attractive group of certificates signed by him either as President, Trustee or transferor comprising Carthage and Adirondack Railway Co., $1000 bond, 1892; Mahoning Coal Railroad Co., preferred stock certificate, 1897; New York Central and Hudson River Railroad Co., Lake Shore Collateral bond, $1000, 1898; New York, Ontario and Western Railway Co., preferred stock certificate, 1904 over 188-; West Shore Railroad Company, $1000 bond, 1885, and a signed Railroad Pass of the New York Central and Hudson River Railroad Co., 1905, the certificates all with vignettes and mostly cancelled, generally very fine or better, (6) £60-80

666 Georgia Rail Road & Banking Company, a group of 11 certificates for $100 shares, dated Augusta between 1849 and 1859, early steam train at top with smaller vignettes in top corners, black on thin paper, all hand cancelled, mixed condition, mostly fine to about very fine. (11) £100-120

667 Indiana Coal and Railway Company, a group of 33 First Mortgage bonds for $500 or £100, 1881, large format pieces with vignette of steam train at top left, ornate borders, black with green underprint, green seal, with coupons, generally extremely fine. (33) £250-300 668 Missouri, Kansas and Texas Railway Co., 100 shares of $100, 18[80], signed by Jay Gould as President, cattle in centre, green and black, cancelled, glue residue at left edge, very fine and signature unaffected by cancels; together with another similar but for 10 shares, signed by his son George J. Gould; New York State stock, certificates for the Chenango Canal, 18[34] and the Genesee Valley Canal, 18[37], attractive pieces but with large hole cancels; a Confederate States scrip certificate issued by the National Safe Deposit Company Ltd. in London, 188[6], and a sheet of two transfer certificates for stock in the Insurance Company of the State of Pennsylvania, 179[8], generally very fine and better.

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Bonds and Share Certificates of the World

MINING AND OIL

669 New Jersey Junction Railroad Company, 4% first mortgage bond for $1000, 1886, no.497, signed by J. Pierpont Morgan as trustee on the reverse, fully issued piece, steamboat and other craft plying the river, brown and black, with coupons (detached), perforated CANCELLED, nearly extremely fine. £150-200

671 Original 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, good very fine. £80-100

672 Dutchman Run Oil Company (NY), $10 shares, New York 186[5], no.112, oilfield, derricks and storage tanks at top right, black and red, adhesive revenue stamp, very fine. £100-120

670 New Orleans Southern Railroad Company, 5% Gold Bond for $100, 1892, no.789, steam train at top, ornate border, brown and black, with coupons (detached), very fine. £50-60

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673 Standard Oil Trust, $100 shares, 188[2], no.568, signed by John D. Rockefeller as President and H.M.Flagler as secretary, State capitol at top, green and black, ink and stamped cancelled, counterfoil reglued at left, very fine. £600-800

COMMERCIAL AND INDUSTRIAL 674 A small group of Automobile related certificates (11), comprising American Austin Car Co. Inc., 100 shares, [1930]; Nash Motors Co., less than 100 shares, [1929]; Nash Kelvinator Corporation, less than 100 shares, [1937] and 100 shares, [1951]; Hudson Motor Car Co., less than 100 shares, [1951]; KaiserFrazer Corporation, less than 100 shares, [1948] and 100 shares, [1951]; Kaizer Motors Corporation, less than 100 shares and 100 shares, both [1953], and, Lincoln Motor Company, temporary certificates for less than 100 shares and 100 shares, both [1920] and both signed by W.C.Leland as Vice President, mostly cancelled and generally very fine. (11) £60-80 675 American & British Timber & Cotton Land Co., a pair of $1000 bonds dated 1851, no’s 249 and 486, ornate border, black, on thin paper, with coupons, good very fine. (2) £60-80

676 American Express Company, $100 shares (capital 7,500 shares), 185[8], no.3353, signed by Henry Wells, William Fargo and Alexander Holland, steam train passes telegraph poles, black, lightly toned as usual but good very fine condition and a clear sharp print. £300-400

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Bonds and Share Certificates of the World 680 Mission Development Company (DE), a group of 100 certificates for less than 100 shares, and a group of 100 certificates each for 100 shares, all dated in the 1950’s, all with facsimile signature of J.Paul Getty as President, allegorical female at top, brown and blue respectively, all perforated cancelled, mostly very fine to extremely fine. (200) £200-300

677 American Express Company, $100 shares, 18[78], no.19664, signed by William G. Fargo as President and Alexander Holland as treasurer, dog in centre, black with yellow underprint, hole and stamped cancelled, good very fine. £150-200

681 North American Land Company, $6 shares, 189[5], no.2075, signed by Robert Morris as President, black, a couple of small edge tears and some light discolouration at bottom left margin, very fine. £300-400

678 American Merchants Union Express Co., $100 shares, 186[9], no.1713, signed by William Fargo as President, wagon and goods at dockside, dog’s head and clasped hands at left, black, stamped and hole cancelled, slightly toned, about very fine. £60-80

679 American Salvage Company (NJ), $1 shares, 19[16], #1164, vignette of ship underwater being raised by the company’s invention, green and black, gold seal, good very fine £60-80 www.spink.com

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682 Philadelphia and Lancaster Turnpike Road, one share, 179[5], no.250, signed by William Bingham, wagon and horses approach toll house and gates, black printing on vellum, embossed seal, lightly toned and creased at the left, about very fine. £300-400

683 Philadephia and Lancaster Turnpike Road, certificate no. 397 for one share, 179[5], signed by William Bingham as President, vignette of wagon and horses approaching toll gate, black printing, on vellum, transfers on reverse to 1899, tri-folded as usual, good very fine. £300-400

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684 Philadephia and Lancaster Turnpike Road, certificate no. 258 for one share, 179[5], signed by William Bingham as President, vignette of wagon and horses approaching toll gate, black printing, on vellum, transfers on reverse to 1899, tri-folded as usual, good very fine. £300-400 685 Philadephia 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, vignette of wagon and horses approaching toll gate, black printing, on vellum, transfers on reverse to 1899, trifolded as usual, good very fine. £300-400

687 Stanley Aerial Navigation Company (CA), $1 shares San Francisco 190[1], no.1025, Justice seated in centre, black, green underprint, gold seal, very light ink smudging, very fine. £80-100 Company formed in 1899 to build an airship to Charles Stanley’s design, then the largest ever to be built, 450 feet long and 36 feet in diameter. On its maiden flight in 1908 the airship crashed injuring most people on board.

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

(15) £100-120 686 Stafford Meadow Coal Iron and City Improvement Company of Scranton (PA), a group of ten 6% First Mortgage bonds for $100, 185(8), seven vignettes including ‘justice’, a native American, Pennsylvania arms and George Washington, black on pale pink paper, with all coupons intact, good extremely fine. (10) £80-100

An amlgamation of 6 major shipyards in New York including Morse Dry Dock and Repair Co. in 1929, to become the largest company of its kind in the world.

Name changed to United Shipyards and purchased by the Bethlehem Shipbuilding Corporation in 1938.

Finally closed in 1963.

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Bonds and Share Certificates of the World

BRITISH COMPANIES IN THE USA 689 A small collection of American Breweries owned by British companies, comprising Chicago Breweries Ltd., £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 dated 19[21] and 19[26], same printing but on different papers; Emerald and Phoenix Brewing Co. Ltd., £10 ordinary shares, 18[91], and Washington Brewery Co. Ltd., £10 ordinary shares, 18[904], folds and creases but no damage, fine to very fine. (7) £80-100 690 A group of certificates representing the huge British investments in the United States in the latter part of the 19th century, 1872 through to 1938, mostly pre 1900, includes Jay Hawk and Lone Pine Consolidated Mining Co. Ltd., 189[5]; Silver King Mining Co. Ltd., 18[95]; Colorado Gold & Silver Extraction Co. Ltd., 18[89]; Carr Mine and Colorado Co. Ltd., 190[2]; Mohaska Mining Co. Ltd., 189[2]; Anglo-American Leather Cloth Co. Ltd., 187[2], and, Ray Copper Mines Ltd., 3 examples dated 1899 and 1900, mixed condition, fine and better.

(21) £150-180

694 Stratton’s Independence Ltd., £1 shares, [1900], no.7873, capital £1,100,000, scrollwork at left, blue, folds, about very fine. £120-150

691 Colorado Terrible Lode Mining Co. Ltd., £5 shares, 187[4], no.1392, blue printing with attractive embossed seal, fine to very fine and scarce. £60-80 692 Mid-Continent (Oklahoma) Oil Co. Ltd., a group of certificates for £1 shares, 19[13], numbers 5, 7, 108 and 109, scrollwork at left, red, two with transfer documents attached, generally very fine. (4) £60-80 693 Saturn Silver Mining Company of Utah Ltd., a group of 20 debentures for £20, 1873, large format pieces with vignette of company seal at top, scrollwork left, black, with coupons, mostly very fine or better. (20) £100-150

695 Stratton’s Independence Ltd., 2/6d shares, 2/paid, [1908], no.2696, capital £125,000, green, endorsements on face making shares fully paid, very fine. £120-150

END OF THE SALE

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

BONDS & SHARE CERTIFICATES OF THE WORLD

Written Bids Form This form should be sent or faxed to be received by Spink Commission Bids Office in advance of the sale.

References should be supplied in good time to be taken up before the sale. Bids received later than one hour before the start of the sale may not be processed.

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

18 May 2012 • London

Sale Title

Date

Code Name

Sale No.

Bonds and Share Certificates of the World

Friday 18 May 2012 at 10.00 a.m.

NELSON

12010

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 with any 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 Margin Scheme 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. I also 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 responsible for 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 note that 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.

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Sale No. 12010

Date: Friday 18 May 2012

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING Lot Number (in numerical order)

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AUCTION RESULTS Sale:

Bonds & Share Certificates of the World

Sale No:

11022

Date:

Wednesday 16 November 2011

Venue:

London

Spink & Son Ltd 69 Southampton Row Bloomsbury London WC1B 4ET Telephone: (020) 7563 4000

The following prices in sterling do not include the buyer’s premium and are rounded to the nearest pound. Lots which did not sell are not shown.

Spink & Son are not responsible for typographical errors or omissions.

Lot 1 3 4 5 6 8 9 11 13 14 15 16 17 18 19 20 21 22 23 24 25 27 28 29 30 31 32 33 34 35 36 37 39 40 41 42 43 44

Price £100 £100 £80 £40 £70 £100 £100 £80 £110 £320 £240 £70 £250 £60 £70 £60 £210 £180 £150 £50 £200 £70 £70 £70 £80 £90 £170 £350 £350 £420 £450 £200 £170 £1,600 £1,500 £320 £320 £120

Lot 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 75 76 77 78 79 80 81 82 83

Price £350 £210 £500 £170 £500 £300 £260 £290 £1,700 £1,700 £1,300 £380 £950 £1,200 £420 £280 £1,200 £3,200 £120 £280 £320 £520 £650 £1,100 £1,200 £250 £500 £600 £180 £450 £400 £700 £1,600 £420 £600 £220 £350 £230

Lot 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121

Price £290 £300 £280 £520 £1,100 £200 £300 £350 £320 £850 £2,000 £700 £2,300 £2,800 £280 £280 £260 £350 £1,100 £420 £1,200 £1,800 £950 £300 £700 £1,400 £2,600 £3,500 £4,800 £850 £1,100 £800 £3,500 £3,200 £1,400 £1,100 £2,600 £480

Lot 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 156 159 160 161 162

Price £380 £1,400 £1,800 £550 £380 £380 £580 £420 £420 £200 £850 £700 £520 £420 £520 £170 £240 £300 £270 £650 £950 £160 £210 £170 £260 £850 £1,000 £200 £750 £420 £350 £1,300 £1,600 £120 £90 £80 £600 £120

Lot 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201

Price £320 £160 £380 £1,400 £320 £500 £180 £130 £270 £900 £190 £200 £150 £100 £320 £320 £160 £850 £380 £230 £150 £350 £380 £230 £180 £400 £230 £190 £110 £170 £90 £70 £160 £90 £500 £900 £160 £270

Lot 202 203 204 205 206 207 208 209 210 211 212 213 214 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240

Price £250 £220 £120 £40 £110 £100 £130 £950 £150 £150 £320 £230 £290 £90 £120 £60 £130 £140 £140 £230 £200 £300 £270 £190 £200 £160 £160 £200 £200 £70 £50 £60 £150 £50 £90 £250 £250 £260

Lot 241 242 243 246 247 248 250 252 254 255 256 257 258 259 260 261 262 263 264 265 266 267 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284

Price £50 £60 £70 £80 £120 £380 £230 £70 £80 £300 £70 £60 £120 £400 £500 £130 £40 £140 £110 £60 £220 £210 £60 £80 £110 £240 £70 £60 £60 £80 £400 £110 £70 £80 £130 £100 £60 £130

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Lot 285 287 288 289 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 322 323 324 325 326 327 328 329 330 332 333 334 335 336 337 340

Price £90 £300 £90 £80 £210 £150 £120 £80 £210 £70 £250 £60 £190 £80 £220 £450 £450 £250 £850 £110 £60 £130 £110 £190 £350 £150 £350 £170 £180 £70 £60 £190 £140 £220 £40 £140 £150 £40 £120 £80 £130 £120 £90 £40 £210 £40 £50 £80 £110 £80

Lot 341 342 343 344 346 347 348 350 351 352 354 357 359 360 363 364 365 366 367 368 369 371 372 374 375 377 378 379 380 382 383 385 391 392 394 395 396 397 401 403 404 405 406 407 408 409 410 410A 411 412

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Price £100 £60 £220 £160 £120 £50 £65 £60 £200 £65 £80 £2,100 £70 £1,900 £520 £160 £1,200 £580 £600 £40 £80 £100 £450 £70 £500 £380 £110 £80 £140 £150 £280 £40 £50 £70 £80 £250 £100 £140 £220 £150 £180 £200 £250 £500 £120 £60 £190 £100 £90 £200

Lot 413 414 415 417 420 421 423 424 425 426 427 428 429 431 432 433 434 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 455 456 458 459 460 461 462 464 466 469 470 472 473 475 476 477

Price £130 £420 £220 £210 £160 £100 £80 £350 £90 £80 £85 £90 £160 £150 £140 £150 £70 £110 £60 £70 £70 £50 £60 £60 £150 £140 £50 £160 £140 £50 £120 £90 £90 £450 £160 £210 £130 £110 £120 £100 £70 £110 £220 £70 £320 £100 £80 £80 £110 £80

Lot 478 479 480 481 482 483 484 485 486 488 491 492 495 496 497 498 499 500 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 520 521 522 523 524 526 527 528 529 530 531 532 533 534 535 536

Price £210 £60 £130 £70 £60 £90 £90 £70 £70 £80 £50 £50 £60 £100 £60 £100 £80 £160 £80 £100 £180 £110 £120 £120 £300 £400 £650 £120 £120 £200 £320 £170 £100 £60 £100 £210 £90 £80 £70 £180 £160 £260 £80 £60 £160 £160 £70 £150 £150 £400

Lot 538 539 540 541 542 545 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 563 566 567 570 571 572 573 574 575 576 577 580 581 582 585 586 587 588 589 590 591 592 593 595 596 597 598 599 602

Price £100 £110 £50 £120 £50 £260 £170 £170 £100 £120 £480 £50 £90 £70 £60 £120 £240 £380 £170 £70 £650 £170 £60 £80 £110 £120 £90 £160 £90 £120 £80 £90 £120 £60 £150 £220 £50 £110 £580 £80 £130 £70 £190 £120 £90 £110 £270 £60 £65 £250

Lot 603 604 605 606 607 608 609 610 611 612 614 616 617 618 619 620 621 622 623 625 626 627 628 629 630 631 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 653 654 655 657 658

Price £120 £100 £230 £120 £1,600 £2,300 £150 £50 £100 £60 £110 £90 £120 £150 £80 £100 £60 £50 £160 £60 £60 £60 £200 £30,000 £55 £550 £80 £50 £220 £70 £100 £40 £80 £160 £280 £600 £160 £210 £600 £220 £180 £900 £210 £130 £160 £40 £250 £190 £120 £110

Lot 659 660 661 662 663 664 665 666 668 670 671 672 673 674 675 676 677 678 682 684 686 691 692 693 694 695 696 697 698 699 701 702 703 704 705 706 707 709 710 713 714 717 718 719 720 721

Price £80 £130 £100 £130 £110 £110 £170 £210 £90 £150 £500 £200 £400 £400 £70 £120 £150 £120 £180 £120 £150 £1,100 £40 £60 £70 £190 £120 £220 £260 £80 £320 £480 £130 £110 £140 £130 £180 £40 £40 £60 £80 £80 £230 £150 £150 £160

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TERMS AND CONDITIONS FOR BUYERS These conditions set out the terms on which we (Spink and Son Limited of 69 Southampton Row, Bloomsbury London WC1B 4ET (company no. 04369748)) contract with you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.

1

DEFINITIONS The following definitions in this condition apply in these conditions.

2

3

Auctioneers’ Margin Scheme

means a VAT margin scheme as defined by HM Revenue & Customs;

Buyer’s Premium

means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below;

Certificate of Authenticity

means a certificate issued by an Expert Committee confirming the authenticity of a Lot;

Expert Committee

means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3;

Forgery

means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the description in 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 accordance with the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/or restoration work of any kind (including re-enamelling);

Hammer Price

means the amount of the highest bid accepted by the auctioneer in relation to a Lot;

Lot

means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in any catalogue;

Reserve

the amount below which we agree with the Seller that the Lot cannot be sold;

Seller

means the owner of the Lot being sold by us;

Spink Group

Spink and Son Limited, our subsidiaries and associated companies.

VAT

value added tax chargeable under VAT and any similar replacement or additional tax; 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.

SPINK’S ROLE AS AGENT 2.1

All sales undertaken by us either at auction or privately are undertaken either as agent on behalf of the Seller or from time to time, as principal if we are the owner of the Lot. Please note that even if we are acting as agent on behalf of the Seller rather than as principal, we may have a financial interest in the Lot.

2.2

The contract for the sale of the Lot will be between you and the Seller.

the first session of the sale. If accepted by us, such request shall have the same effect as notice of an intention to question the genuineness or description of the Lot for the purposes of clause 5.13 (Refund in the case of Forgery) of these Terms and Conditions and the provisions of clause 5.13 (Refund in the case of Forgery) shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate of Authenticity must give the reason why such opinion is required and specify the identity of your proposed expert which will be subject to agreement by us. We reserve the right, at our discretion, to refuse a request for an expert opinion or Certificate of Authenticity including (without limitation) where the proposed expert is not known to us.

BEFORE THE SALE 3.1

3.2

Examination of goods You are strongly advised to examine personally any goods in which you are interested, before the auction takes place. Condition reports are usually available on request. We provide no guarantee to you other than in relation to Forgeries, as set out in clause 5.13 of these Terms and Conditions.

3.4.3 If we accept a request for an expert opinion or Certificate of Authenticity we will submit the Lot to the Expert Committee. You acknowledge and accept that the length of time taken by an Expert Committee to reach an opinion will vary depending on the circumstances and in any event is beyond our control.

Catalogue descriptions 3.2.1 Statements by us in the catalogue or condition report, or made orally or in writing elsewhere, regarding the authorship, origin, date, age, size, medium, attribution, genuineness, provenance, condition or estimated selling price of any Lot are merely statements of opinion, and are not to be relied on as statements of definitive fact. Catalogue illustrations are for guidance only, and should not be relied on either to determine the tone or colour of any item or to reveal imperfections. Estimates of the selling price should not be relied on as a statement that this price is either the price 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 being in perfect condition and some descriptions in the catalogue or given by way of condition report make reference to damage and/or restoration. We provide this information for guidance only and the absence of such a reference does not imply that an item is free from defects or restoration nor does a reference to particular defects imply 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, are responsible for the correctness of any statement as to the authorship, origin, date, age, attribution, genuineness or provenance of any Lot nor for any other errors of description or for any faults or defects in any Lot.

3.3

3.4

Your Responsibility You are responsible for satisfying yourself as to the condition of the goods and the matters referred to in the catalogue description.

Extensions – Stamps only 3.4.1 If you wish to obtain an expert opinion or Certificate of Authenticity on any Lot (other than a mixed Lot or Lot containing undescribed stamps) you must notify us in writing not less than forty-eight hours before the time fixed for the commencement of

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3.4.4 We will not normally accept a request for an extension on account of condition. Any Lot described in the catalogue as having faults or defects may not be returned even if an expert opinion or Certificate of Authenticity cites other faults or defects not included in the catalogue description, other than in the case of a Forgery.

3.4.5 Should Spink accept a request for an extension under the foregoing provisions of this paragraph, the fact may be stated by the Auctioneer from the rostrum prior to the sale of the Lot. 3.4.6 It should be noted that any stamp accompanied by a Certificate of Authenticity is sold on the basis of that Certificate only and not on the basis of any other description or warranty as to authenticity.

No request for an extension will be accepted on such a stamp and the return of such a stamp will not be accepted.

4

AT THE SALE 4.1

Refusal of admission Our sales usually take place on our own premises or premises over which we have control for the sale, and we have the right, exercisable at our complete discretion, to refuse admission to the premises or attendance at an auction.

4.2

Registration before bidding You must complete and sign a registration form and provide identification before making a bid at auction. Please be aware that we usually 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 the item for sale. Information will be posted on our website in such an event.

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4.3

4.4

4.5

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Bidding as Principal When making a bid (whether such bids are made in person or by way of telephone bids operated by Spink, commission or online or email bids), you will be deemed to be acting as principal and will be accepting personal liability, unless it has been agreed in writing, at the time of registration, that you are acting as agent on behalf of a third party buyer acceptable to us.

Commission Bids If you give us instructions to bid on your behalf, by using the form provided in our catalogues or via our website, we shall use reasonable endeavours to do so, provided these instructions are received not later than 24 hours before the auction. If we receive commission bids on a particular Lot for identical amounts, and at auction these bids are the highest bids for the Lot, it will be sold to the person whose bid was received first. Commission bids are undertaken subject to other commitments at the time of the sale, and the conduct of the auction may be such that we are unable to bid as requested. Since this is undertaken as a free service to prospective buyers on the terms stated, we cannot accept liability for failure to make a commission bid. You should therefore always attend personally if you wish to be certain of bidding.

On-line Bidding We offer internet services as a convenience to our clients. We will not be responsible for errors or failures to execute bids placed on the internet, including, without limitation, errors or failures caused by (i) a loss of internet connection by either party for whatever reason; (ii) a breakdown or problems with the online bidding software and/or (iii) a breakdown or problems with your internet connection, computer or system. Execution of on-line internet bids is a free service undertaken subject to other commitments at the time of the auction and we do not accept liability for failing to execute an online internet bid or for errors or omissions in connection with this activity.

4.6

Telephone Bids If you make arrangements with us not less than 24 hours before the sale, we shall use reasonable endeavours to contact you to enable you to participate in bidding by telephone, but in no circumstances will we be liable to either the Seller or you as a result of failure to do so.

4.7

Currency Converter At some auctions, a currency converter will be operated, based on the one month forward rates of exchange quoted to us by Barclays Bank Plc or any other appropriate rate determined by us, at opening on the date of the auction. Bidding will take place in a currency determined by us, which is usually sterling for auctions held in London. The currency converter is not always reliable, and errors may occur beyond our control either in the accuracy of the Lot number displayed on the converter, or the foreign currency equivalent of sterling bids. We shall not be liable to you for any loss suffered as a result of you following the currency converter.

4.8

Video images At some auctions there will be a video screen. Mistakes may occur in its operation, and we cannot be liable to you regarding either the correspondence of the image to the Lot being sold or the quality of the image as a reproduction of the original.

4.9

Bidding Increments Bidding generally opens below the low estimate and advances in the following order although the auctioneer may vary the bidding increments during the course of the auction. The normal bidding increments are: Up to £100 by £5 £100 to £300 by £10 £300 to £600 £320-£350-£380-£400 etc. £600 to £1,000 by £50 £1,000 to £3,000 by £100 £3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc. £6,000 to £20,000 by £500 £20,000 and up Auctioneer’s discretion

4.10 Bidding by Spink 4.10.1 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 the low estimate printed in the auction catalogue.

4.10.2 The Spink Group reserves the right to bid on and purchase Lots as principal.

4.11 The Auctioneer’s Discretion The auctioneer has the right at his absolute discretion to refuse any bid to advance the bidding in such manner as he may decide to withdraw or divide any Lot, to combine any two or more Lots and, in the case of error or dispute, to put an item up for bidding again.

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4.12 Successful Bid Subject to the auctioneer’s discretion, the striking of his hammer marks the acceptance of the highest bid, provided always that such bid is higher than the Reserve (where applicable), and the conclusion of a contract 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 Seller within 60 days of the auction, we, as exclusive agents of the Seller reserve the right to charge you the applicable Buyer’s Premium in accordance with these Terms and Conditions, and the Seller a commission in accordance with the terms of the Seller’s agreement.

4.14 Return of Lot In the event that you have received a Lot and wish to return the Lot you must notify us in writing within 7 days of receipt of the Lot, stating the reason for the return. The Lot must then be returned to us within 14 days of receipt, in the same condition as at the auction date. Any such request is subject to our sole discretion.

5

AFTER THE AUCTION 5.1

Buyer’s Premium In addition to the Hammer Price, you must pay us the Buyer’s Premium at a rate of 20% of the final Hammer Price of each Lot.

5.2

Value Added Tax Other than in respect of Zero-rated Lots (o) (see VAT Symbols for details), VAT is payable on the Buyer’s Premium and on the Hammer Price, if the Lot has been marked with a sign to that effect in the catalogue (see VAT Symbols for details).

5.3

VAT Refunds General 5.3.1 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 of sale, you will generally be asked to deposit all amounts of VAT invoiced. However, if a Spink nominated shipper is instructed, then any refundable VAT will not be collected. In all other cases credits will be made when proof of export is provided. If you export the Lot yourself you must obtain shipping documents from the Shipping 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 export certificate to us within 3 months of the date of sale. If you fail to return the proof of export certificate to us within such period and you have not already accounted to us for the VAT, you will be liable to us for the full amount of the VAT due on such Lot and we shall be entitled to invoice you for this sum.

5.3.3 To apply for a refund of any VAT paid, the proof of export certificate must be sent to our Shipping Department clearly marked ‘VAT Refund’ within 3 months of the date of sale. No payment will be made where the total amount of VAT refundable is less than £50 and Spink will charge £50 for each refund processed.

VAT Refunds - Buyers from within the EU 5.3.4 VAT refunds are available on the Hammer Price and Buyer’s Premium of Daggered (†) and Investment Gold (g) Lots. You must certify that you are registered for VAT in another EU country and that the Lot is to be removed from the United Kingdom within 3 months of the date of sale.

5.3.5 Where an EU buyer purchases a Lot on which import VAT has been charged, no refund of VAT is available from us. It may be possible to apply directly for a refund on form VAT 65 to HM 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 Scheme and evidence of export from the EU is produced within 3 months of the date of sale, the VAT element included within the Buyer’s Premium may be refunded.

5.3.7 Where the Lot is marked as a Daggered (†) or Investment Gold (g) Lot the VAT charged on the Hammer Price may be refunded where evidence of export from the EU is produced within 3 months of the date of sale. A refund of VAT charged on the Buyer’s Premium can also be made on receipt of proof of business as a collectibles dealer.

5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an Import VAT (x) Lot and evidence of export from the EU is produced within 3 months of the date of sale, the VAT charged on both the Hammer Price and Buyer’s Premium may be refunded. Where required, we can advise you on how to export such Lots as a specific form of export evidence is required. Where we advise you on the export of the Lots, please be aware that the ultimate responsibility in respect of obtaining a valid proof of export certificate will lie with you and we will not be responsible for your failure to obtain such certificate.

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Payment 5.4.1 You must provide us with your full name and permanent address and, if so requested, details of the bank from which any payments to us will be made. You must pay the full amount due (comprising the Hammer Price, the Buyer’s Premium and any applicable VAT) within seven days after the date of the sale. This applies even if you wish 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 us have been paid in full to us, even in circumstances where we have released the Lot to you.

5.4.3 Payment should be made in sterling by one of the following methods: 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 the transfer. i(ii) By cheque or bank draft made payable to Spink and Son Ltd and sent to Spink at 69 Southampton Row, Bloomsbury, London WC1B 4ET. Please note that the processing charges for payments made by cheques or bank drafts drawn on a non-U.K bank shall be met by you. Please ensure that the remittance slip printed at the bottom of the invoice is enclosed with your payment. (iii) By Visa or Mastercard. A charge of 2% will be applied.

Payments exceeding £5,000 can normally only be made by the card holder in person whilst on our premises.

5.4.4 Payments should be made by the registered buyer and not by third parties, unless it has been agreed at the time of registration that you are acting as an agent on behalf of a third party.

5.5 Invoices Invoices may consist of one or more pages and will show: Zero rated Lots (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 hammer for EU VAT registered buyers.

5.6 Collection of Purchases 5.6.1 Unless we specifically agree to the contrary, we shall retain items sold until all amounts due to us, or to the Spink Group, have been paid in full.

5.6.2 Unless we notify you to the contrary, items retained by us will be covered in accordance with our policy which is available for inspection at our offices from the date of sale for a period of seven days or until the time of collection, whichever is sooner. After seven days or from the time of collection, whichever is the earlier, the Lot will be entirely at your risk.

5.6.3 Our policy will not cover and we are unable to accept responsibility for damage caused by woodworm, changes in atmospheric conditions or acts of terrorism.

5.7 Notification We are not able to notify successful bidders by telephone. While Invoices are sent out by mail after the auction we do not accept responsibility for notifying you of the result of your bid. You are requested to contact us by telephone or in person as soon as possible after the auction to obtain details of the outcome of your bids to avoid incurring charges for late payment.

5.8 Packing and handling 5.8.1 We shall use all reasonable endeavours to take care when handling and packing a purchased Lot but remind you that after seven days or from the time of collection, whichever is sooner, the Lot is entirely at your risk. Our postage charges are set out at the back of the catalogue.

5.8.2 It is the responsibility of the Buyer to be aware of any Import Duties that may be incurred upon importation to the final destination. Spink will not accept return of any package in order to avoid these duties. The onus is also on the Buyer to be aware of any Customs import restrictions that prohibit the importation of certain collectibles. Spink will not accept return of the Lot(s) under these circumstances. Spink will not accept responsibility for Lot(s) seized or destroyed by Customs.

5.9 Recommended packers and shippers If required our shipping department may arrange shipment as your agent. Although we may suggest carriers if specifically requested, our suggestions are made on the basis of our general experience of such parties in the past and we are not responsible to any person to whom we have made a recommendation for the acts or omissions of the third parties concerned.

5.10 Remedies for non-payment or failure to collect purchases 5.10.1 If you fail to make payment within seven days of your stipulated payment date set out in your invoice, we shall be entitled to exercise one 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 full amount is due; 5.10.1.2 to set off against any amounts which the Spink Group may owe you in any other transaction the outstanding amount remaining unpaid by you;

5.4

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5.10.1.3 we may keep hold of all or some of your Lots or other property in the possession of the Spink Group until you have paid all the amounts you owe us or the Spink Group, even if the unpaid amounts do not relate to those Lots or other property.

Following fourteen days’ notice to you of the amount outstanding and remaining unpaid, the Spink Group shall have the right to arrange the sale of such Lots or other property. We shall apply the proceeds in discharge of the amount outstanding to us or the Spink Group, and pay any balance to you; 5.10.1.4 where several amounts are owed by you to the Spink Group in respect of different transactions, to apply any amount paid to discharge any amount owed in respect of any particular transaction, whether or not you so direct; 5.10.1.5 to reject at any future auction any bids made by you or on your behalf or obtain a deposit from you before accepting any bids.

5.10.2 If you fail to make payment within thirty-five days, we shall in addition be entitled: 5.10.2.1 to cancel the sale of the Lot or any other item sold to you at the same or any other auction; 5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, if this results in a lower price being obtained, claim the balance from you together with all reasonable costs including a 20% seller’s commission, expenses, damages, legal fees, commissions and premiums of whatever kind associated with both sales or otherwise, incurred in connection with your failure to make payment; or 5.10.2.3 take any other appropriate action as we deem fit.

5.11 Failure to collect Where purchases are not collected within seven days after the sale, whether or not payment has been made, you will be required to pay a storage charge of £2 per item per day plus any additional handling cost that may apply. You will not be entitled to collect the Lot until all outstanding charges are met, together with payment of all other amounts due to us.

5.12 Export Licence 5.12.1 If required we can, at our discretion, advise you on the detailed provisions of the export licensing regulations. Where we advise you in relation to export licensing regulations the ultimate responsibility in respect of any export will lie with you and we will not be responsible 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 be required to produce a valid export licence to us or sign a waiver document stating that a licence will be applied for.

5.12.3 You should always check whether an export licence is required before exporting. Export licences are usually obtained within two or three weeks but delays can occur.

5.12.4 Unless otherwise agreed by us in writing, the fact that you wish to apply for an export licence does not affect your obligation to make payment within seven days nor our right to charge interest on late payment.

5.12.5 If you request that we apply for an export licence on your behalf, we shall be entitled to recover from you our disbursements and out of pocket expenses in relation to such application, together with any relevant VAT. 5.12.6 We will not be obliged to rescind a sale nor to refund any interest or other expenses incurred by you where payment is made by you despite the fact that an export licence is required.

5.13 Refund in the case of Forgery 5.13.1 A sale will be cancelled, and the amount paid refunded to you if a Lot (other than a miscellaneous item not described in the catalogue) sold by us proves to have been a Forgery. We shall not however be obliged to refund any amounts if either (a) the catalogue description or saleroom notice at the auction date corresponded to the generally accepted opinion of scholars or experts at that time, or fairly indicated that there was a conflict of opinions, or (b) it can be demonstrated that the Lot is a Forgery only by means of either a scientific process not generally accepted for use until after publication of the catalogue or a process which at the date of the auction was unreasonably expensive or impracticable or likely to have caused damage to the Lot. Furthermore, you should note that this refund can be obtained only if the following conditions are met: 5.13.1.1 you must notify us in writing, within seven days of the receipt of the Lot(s), that in your view the Lot concerned is a Forgery; 5.13.1.2 you must then return the item to us within fourteen days from receipt of the Lot(s), in the same condition as at the auction date; and

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5.13.1.3 as soon as possible following return of the Lot, you must produce evidence satisfactory to us that the Lot is a Forgery and that you are able to transfer good title to us, free from any third party claims.

5.13.2 In no circumstances shall we be required to pay you any more than the amount paid by you for the Lot concerned and you shall have no claim for interest.

5.13.3 The benefit of this guarantee is not capable of being transferred, and is solely for the benefit of the person to whom the original invoice was made out by us in respect of the Lot when sold and who, since the sale, has remained the owner of the Lot without disposing of any interest in it to any third party.

5.13.4 We shall be entitled to rely on any scientific or other process to establish that the Lot is not a Forgery, whether or not such process was 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, video or otherwise produce an image of the Lot. All rights in such an image will belong to us, and we shall have the right to use it in whatever way we see fit.

7.2 The copyright in all images, illustrations and written material relating to a Lot is and shall remain at all times our property and we shall have the right to use it in whatever way we see fit. You shall not use or allow anyone else to use such images, illustrations or written material without our prior written consent.

8 VAT You shall give us all relevant information about your VAT status and that of the Lot to ensure that the correct information is printed in the catalogues.

Once printed, the information cannot be changed. If we incur any unforeseen cost or expense as a result of the information being incorrect, you will reimburse to us on demand the full amount incurred.

9 NOTICES All 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 other party. Any notice sent by post will be deemed to have been received on the second working day after posting or, if the addressee is overseas, on the fifth working day after posting. Any notice sent by fax or served personally will be deemed to be delivered on the first working day following despatch.

10 ADDITIONAL PROVISIONS The following provisions of this clause 10 shall apply only if you are acting for the purposes of your business.

10.1 Limitation of Liability Subject to clause 6, we shall not be liable, whether in tort (including for negligence) or breach of statutory duty, contract, misrepresentation or 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 of contract, 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 Severability If any part of these Terms and Condition is found by any court to be invalid, illegal or unenforceable, that part may be discounted and the rest of the conditions shall continue to be valid and enforceable to the fullest extent permitted by law.

10.3 Force majeure We shall have no liability to you if we are prevented from, or delayed in performing, our obligations under these Terms and Conditions or from carrying on our business by acts, events, omissions or accidents beyond our reasonable control, including (without limitation) strikes, lock-outs or other industrial disputes (whether involving our workforce or the workforce of any other party), failure of a utility service or transport network, act of God, war, riot, civil commotion, malicious damage, 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 Waiver 10.4.1 A waiver of any right under these Terms and Conditions is only effective if it is in writing and it applies only to the circumstances for which it is given. No failure or delay by a party in exercising any right or remedy under these Terms and Conditions or by law shall constitute a waiver of that (or any other) right or remedy, nor preclude or restrict its further exercise. No single or partial exercise of such right or remedy shall preclude or restrict the further exercise of that (or any other) right or remedy.

10.4.2 Unless specifically provided otherwise, rights arising under these Terms and Conditions are cumulative and do not exclude rights provided by law.

Spink Uni (07/11) (20)

10.5 Law and Jurisdiction 10.5.1 These Terms and Conditions and any dispute or claim arising out of or in connection with them or their subject matter, shall be governed by, and construed in accordance with, the law of England and Wales.

10.5.2 The parties irrevocably agree that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim that arises out of, or in connection with, Terms and Conditions or their subject matter.

Postal Charges Prices for books (items sent by this method are not covered by insurance) Weight

UK

EU

Rest of the World

Up to 1kg

£8 for any weight

£12

£15

Up to 2kg

£8 for any weight

£18

£25

Prices for all other items including postage and packaging Invoice Value

UK

EU

Rest of the World

Up to £1,500

£10

£15

£20

Above £1,501

£20

£30

£40

Shipments of more than 2kg or volumetric measurement of more than 2kg have to be sent by courier. Certain countries may incur extra charge when courier services are required by our insurance policy. For lots sent by courier please contact Auctionteam@spink.com for calculation of any further relevant cost in addition to the above charges.

Value Added Tax (VAT) Charging of (VAT) at Auction The information shown on this page sets out the way in which Spink intends to account for VAT.

i.

Auctioneers’ Margin Scheme 1. Where possible, we will offer Lots for sale under the Auctioneers’ Margin Scheme. Such Lots can be identified by the absence of any symbol next to the Lot number in the catalogue and will not be subject to VAT on the Hammer Price.

2. Where Lots are sold using the Auctioneers’ Margin Scheme to VAT–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 Hammer Price and the Buyer’s Premium. This will enable VAT-registered businesses to recover the VAT charged as input tax, subject to the normal rules for recovering input tax.

ii.

Zero-Rated Lots Limited Categories of goods, such as books, are Zero-rated (o) for VAT in the United Kingdom. Such Lots are offered under the Auctioneers’ Margin Scheme. In these circumstances no VAT element will be included within the Buyer’s Premium.

iii.

Daggered Lots Lots which are Daggered (†) in the catalogue are subject to VAT at 20% on both the Hammer Price and the Buyer’s Premium.

iv.

Starred and Omega Lots Lots which are marked (x) in the catalogue are subject to VAT at 5% on the Hammer Price and 20% on the Buyer’s Premium which is shown as inclusive of VAT. Lots which bear the Omega symbol (Ω) are subject to VAT at 20% on the Hammer Price and on the Buyer’s Premium. Such Lots bear VAT because the Lot is liable for VAT at this rate on importation into the EU.

v.

Investment Gold Lots Lots marked (g) in the catalogue are exempt from VAT on the Hammer Price and are subject to VAT at 20% on the Buyer’s Premium. A refund of VAT charged on the Buyer’s Premium can also be made on receipt of proof of business as a collectibles dealer.

vi.

Imported Lots Lots which are marked (x) and Lots which bear the Omega symbol (Ω) have VAT charged on the Hammer Price and Buyers’ Premium because they have been imported into the United Kingdom from outside the EU. In these cases we have used a temporary importation procedure, which in effect means that the point of importation is deferred until the Lot has been sold. At this point the Buyer is treated as the importer and is liable to pay the import VAT due. We will collect the VAT from you and pay it to HM Customs and Excise on your behalf.

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

Group Chairman and CEO Olivier D. Stocker

AUCTION CALENDAR 2012

Your Specialists Stamps UK - Tim Hirsch Guy Croton David Parsons Nick Startup Neill Granger Paul Mathews Dominic Savastano Tom Smith USA - Chris Anderson George Eveleth Andrew Titley Ed Robinson Rick Penko Europe - Guido Craveri Fernando Martínez China - Anna Lee Johnny Sang Coins UK - Paul Dawson Julie-Morgane Lecoindre Richard Bishop William MacKay Arthur Bryant Barbara Mears John Pett George Champ USA - Stephen Goldsmith Matthew Orsini Normand Pepin China - Mark Li Banknotes, Bonds & Shares UK - Barnaby Faull Mike Veissid Andrew Pattison USA - Stephen Goldsmith Matthew Orsini China - Mark Li Orders, Decorations, Medals & Militaria UK - Mark Quayle Oliver Pepys Books UK - Philip Skingley Alex Smith Autographs USA - Robert Litzenberger Wines China - Anna Lee Your Europe Team (London - Lugano) Chairman’s Office Dennis Muriu Monica Kruber Directors Tim Hirsch Anthony Spink Auction & Client Management Team Emily Johnston Miroslava Adusei-Poku Charles Blane Luca Borgo Phillipa Brown Rita Ariete María Martínez Finance Alison Bennet Marco Fiori Mina Bhagat Alison Kinnaird Shyam Padhiar Billy Tumelty IT & Administration Berdia Qamarauli Liz Cones Curlene Spencer John Winchcombe Bobby McBrierty Tom Robinson Your America Team (New York - Dallas) Chairman Emeritus John Herzog Auction Administration Rick Penko Patricia Gardner Marketing & Design James McGuire Emily Cowin Clyde Townsend Finance & Administration Sam Qureshi Ingrid Qureshi Marcy Gottberg Ed Robinson Auctioneers Stephen Goldsmith Tracy Shreve Andrew Titley Your Asia Team (Hong Kong - Singapore) Vice Chairman Anna Lee Administration Amy Yung Raymond Tat Gary Tan

Stamps 22 April 2 May 3 May 20 June 20 June 30 June 5 July 11 July 19/20 July 25 August 12 September 13 September 13/14 September 23 September Early October 8/9 November 14 November 12 December

The Collector’s Series Sale The Adriano Landini Collection of Fine Covers of the World The Chartwell Collection - GB King George V including Seahorses The “Franschhoek” Collection of Cape of Good Hope Triangular and Rectangular Issues Palestine Stamps and Postal History The Collector’s Series Sale The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part III The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Chartwell Collection - GB King Edward VIII, King George VI and Queen Elizabeth II Great Britain Stamps Specialised Sale The Collector’s Series Sale Fine Stamps and Covers of South East Asia The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Chartwell Collection - GB Line-Engraved Essays, Proofs, Stamps and Covers - Part IV

Hong Kong London London London London Hong Kong London London New York Hong Kong London London New York Singapore Hong Kong New York London London

Coins 22 April 18/19 May 28 June 30 June 22/23 August 25 August 27 September 13/14 November 4 December

The Collector’s Series Sale The Collector’s Series Sale Ancient, English & Foreign Coins and Commemorative Medals The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale Ancient, English & Foreign Coins and Commemorative Medals The Collector’s Series Sale Ancient, English & Foreign Coins and Commemorative Medals

Hong Kong Fort Worth London Hong Kong New York Hong Kong London New York London

12028 313 12025 12032 314 12033 12026 315 12027

Banknotes 22 April 24/25 April 18/19 May 30 June 22/23 August 25 August 2 October 2 October 3/4 October 13/14 November 6 December

The Collector’s Series Sale World Banknotes The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The David Kirch Collection of Bank of England Notes - Part I The David Kirch Collection of English Provincial Banknotes - Part I World Banknotes The Collector’s Series Sale World Banknotes

Hong Kong London Fort Worth Hong Kong New York Hong Kong London London London New York London

12028 12022 313 12032 314 12033 12034 12035 12023 315 12024

Medals 19 April 19 July 22 November

Orders, Decorations, Campaign Medals & Militaria Orders, Decorations, Campaign Medals & Militaria Orders, Decorations, Campaign Medals & Militaria

London London London

12002 12003 12004

Bonds and Shares 22 April 18 May 18/19 May 30 June 22/23 August 25 August 13/14 November 28 November

The Collector’s Series Sale Bonds and Share Certificates of the World The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale Bonds and Share Certificates of the World

Hong Kong London Fort Worth Hong Kong New York Hong Kong New York London

12028 12010 313 12032 314 12033 315 12011

Autographs 18/19 May 22/23 August 13/14 November

The Collector’s Series Sale The Collector’s Series Sale The Collector’s Series Sale

Fort Worth New York New York

Wines 24 May July September November

An An An An

Evening Evening Evening Evening

of of of of

Exceptional Exceptional Exceptional Exceptional

Wines Wines Wines Wines

The above sale dates are subject to change

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

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

Hong Hong Hong Hong

Kong Kong Kong Kong

12028 12030 12014 12031 12036 12032 12015 12016 12033 12017 12018 12019

12020 12021

313 314 315

SFW02

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£25

SPINK LONDON B O N D S & S H A R E C E RT I F I C AT E S OF T H E W OR L D

69 Southampton Row © Copyright 2012

Bloomsbury www.spink.com

18 May 2012 • London

STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

BONDS & SHARE CERTIFICATES OF THE WORLD

London WC1B 4ET

18 May 2012 • London