Bonds and Share Certificates of the World - 14016

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£25

R

BONDS AND SHARE CERTIFICATES OF THE WORLD

BONDS AND SHARE CERTIFICATES OF THE WORLD

R 30 MAY 2014

69 Southampton Row, Bloomsbury, London WC1B 4ET www.spink.com

LONDON

© Copyright 2014

R

STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

30 MAY 2014

LONDON

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GROUP CHAIRMAN AND CEO Olivier D. Stocker YOUR SPECIALISTS STAMPS UK - Tim Hirsch Guy Croton Fernando Martínez David Parsons Nick Startup Neill Granger Paul Mathews Dominic Savastano Tom Smith Ian Shapiro (Consultant) USA - George Eveleth Richard Debney EUROPE - Guido Craveri Fernando Martínez CHINA - Anna Lee COINS UK - Mike Veissid Richard Bishop William MacKay Eleanor Charlotte Dix Tim Robson Edouard Wyngaard Barbara Mears John Pett USA - Stephen Goldsmith Greg Cole CHINA - Kin Choi Cheung BANKNOTES, BONDS & SHARES UK - Barnaby Faull Mike Veissid Andrew Pattison Monica Kruber USA - Stephen Goldsmith EUROPE - Peter Christen CHINA - Paul Pei Po Chow Kelvin Cheung ORDERS, DECORATIONS, MEDALS & MILITARIA UK - Mark Quayle Oliver Pepys John Hayward BOOKS UK - Philip Skingley Jennifer Mulholland AUTOGRAPHS USA - Stephen Goldsmith WINES CHINA - Vincent Cleme Anna Lee Guillaume Willk-Fabia YOUR EUROPE TEAM (LONDON - LUGANO) Chairman’s Office Charles Blane Directors Tim Hirsch Anthony Spink Auction & Client Management Team Miroslava Adusei-Poku Edward Rivers Luca Borgo Rita Ariete Dora Szigeti John Winchcombe Kenichiro Imase María Martínez Maurizio Schenini Finance Alison Bennet Marco Fiori Mina Bhagat Dennis Muriu Billy Tumelty Dean Dowdall IT & Administration Berdia Qamarauli Leszek Woronowicz Liz Cones Curlene Spencer Tom Robinson Cristina Dugoni Giacomo Canzi YOUR AMERICA TEAM (NEW YORK) Auction Administration and Marketing & Design Sonia Alves Luke Mitchell Madison Lang Finance & Administration Aleena Nieves Auctioneer Stephen Goldsmith YOUR ASIA TEAM (HONG KONG - SINGAPORE) Vice Chairman Anna Lee Administration Angie Ihlofung Amy Yung Newton Tsang Raymond Tat Gary Tan

SALE CALENDAR 2014 STAMPS 14 May 15 May

21 May 21/22 May 7 June 7 June 17 June 18 June 19 June 9 July 10 July 27/28 August 20 September 20 September 25 September 16 October 26/27 November 11 December

Specialised Great Britain Stamps and Postal History The J. E. Safra Collection of Classic Great Britain Rarities, Including 1840 One Penny Blacks, 1840 Two Penny Blues and the famous King George V 1d. Tete Beche Pair The J. E. Safra 24c Inverted Jenny The Philatelic Collector’s Series Sale The Philatelic Collector’s Series Sale The Philatelic Collector’s Series Sale Rhodesia Featuring Arms and Admiral Issues from the Vestey Collection The “Garrison” Collection of New Guinea “G.R.I.” Surcharges The “Lionheart” Collection of Great Britain and British Empire, Part III British Europe including Long Island from the Vestey Collection The Philatelic Collector’s Series Sale The Philatelic Collector’s Series Sale The Philatelic Collector’s Series Sale Stamps and Covers of South East Asia Great Britain from the Vestey Collection Australian Commonwealth from the Vestey Collection The Philatelic Collector’s Series Sale The Leeward Islands, Bahamas and Turks Islands from the Vestey Collection

London

14022

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

14028 149 148 CSS10 SW1013 14029 14023 14027 14030 14024 150 CSS12 14026 14031 14032 14025 14033

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

New York London Hong Kong New York London Hong Kong London

320 14005 CSS11 321 14006 CSS13 14007

The Numismatic Collector’s World Banknotes The Numismatic Collector’s The Numismatic Collector’s World Banknotes World Banknotes The Numismatic Collector’s

New York London Hong Kong New York London London Hong Kong

320 14009 CSS11 321 14013 14013 CSS13

Orders, Decoration, Campaign Medals & Militaria Orders, Decoration, Campaign Medals & Militaria

London London

14002 14003

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

London Lugano New York Hong Kong Hong Kong London

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

New York New York

An Evening of Exceptional Wines An Evening of Exceptional Wines

Hong Kong Hong Kong

COINS 17/18 June 25/26 June 21 August 17/18 September 22/23 September 15 November 3/4 December BANKNOTES 17/18 June 15 July 21 August 17/18 September 30 September 1/2 October 15 November

Series Sale Series Sale Series Sale

Series Sale

MEDALS 24 July 20 November BONDS AND SHARES 30 May 7 June 17/18 June 21 August 15 November 28 November

14016 SW1012 320 CSS11 CSS13 14017

AUTOGRAPHS 17/18 June 17/18 September

320 321

WINES 29 May 31 July

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 –

SFW08 SFW09

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BONDS AND SHARE CERTIFICATES OF THE WORLD 30 May 2014 in London and on *

and/or SALE LOCATION

YOUR SPINK TEAM FOR THIS SALE

SPINK LONDON 69 Southampton Row, Bloomsbury London WC1B 4ET tel +44 (0)20 7563 4000 fax +44 (0)20 7563 4066 Vat No: GB 791627108

FOR YOUR QUESTIONS ABOUT THE SALE LOTS

Mike Veissid mveissid@spink.com +44 (0)20 7563 4075 Andrew Pattison apattison@spink.com +44 (0)20 7563 4044

SALE DETAILS Friday 30 May at 10.00 a.m.

FOR YOUR BIDS

In sending commission bids or making enquiries, this sale should be referred to as HOPPENSACK - 14016

VIEWING OF LOTS

Rita Ariete auctionteam@spink.com +44 (0)20 7563 4005 fax +44 (0)20 7563 4037 FOR YOUR INTERNET BIDDING

SPINK LONDON 69 Southampton Row, Bloomsbury London WC1B 4ET Thursday 29 May 2014 10.00 a.m. - 5.00 p.m. and during the sale

Leszek Woronowicz it@spink.com +44 (0)20 7563 4090 on auction day only: +44 (0)20 7193 8608 +44 (0)20 7193 8342 FOR YOUR PAYMENT

*Spink is pleased to continue to offer our brand new on-line bidding platform Spink Live for no charge through www.spink.com. Please note that bidders who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added to their invoice for using this facility. For more information and personal assistance please email it@spink.com or please call +44 (0)20 7193 8608 or +44 (0)20 7193 8342.

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BONDS AND SHARE CERTIFICATES OF THE WORLD

ORDER OF SALE COLLECTIONS AND LOTS

1-

9

AFRICA Congo Ethiopia Mozambique Portuguese Africa Rhodesia Senegal South Africa Tunisia

10 13 15 17 18 21 22 33

MIDDLE EAST Miscellaneous Lot Egypt Ottoman Empire Palestine Syria

35 36 - 50 51 - 54 55 - 60 61

- 13 - 14 - 16 - 20 - 32 - 34

ASIA China: Collections and Lots Government Bonds Municipal Loans Railways China and Hong Kong Companies French Indo-China India Japan Malaya Philippines Siam/Thailand

62 68 154 156 158 170 172 177 179 183 184

AUSTRALASIA Australia New Zealand

187 - 211 212

CANADA

213 - 216

EUROPE Austria Belgium Bulgaria Croatia Czechoslovakia Danzig Estonia Finland France Germany Greece Hungary Iceland Italy Montenegro Norway Poland Portugal

217 218 223 229 230 232 234 235 236 288 292 299 305 306 307 308 310 311

-

67 153 155 157 169 171 176 178 182

- 186

- 222 - 228 - 231 - 233

-

287 291 298 304

- 309

Roumania Serbia Spain Sweden Switzerland Yugoslavia GREAT BRITAIN AND IRELAND Government Finance Municipal Loans Early Companies Canals Railways Tramways Cabs and Buses Shipping Aviation Piers, Docks, Bridges and Harbours Banking and Insurance Motor Car Mining Gas, Water and Electricity Commercial and Industrial Literature LATIN AMERICA Argentina Bolivia Brazil Chile Colombia Cuba Ecuador Honduras Mexico Peru Uruguay Venezuela West Indies, British Guiana and British Honduras

-

355 376 377 379 385 462 466 471 474 476 479 490 496 511 520 545

- 375

570 580 581 586 588 589 596 600 601 611 619 625

-

330 332 349 352

378 384 461 465 470 473 475 478 489 495 510 519 544 569

- 579 - 585 - 587 - 595 - 599 -

610 618 624 628

629 - 631

RUSSIA Miscellaneous Lot Government City Loans Railways Banks, Commercial and Industrial French and Belgian Companies British Companies Dutch Companies

632 633 640 647 654 674 676 689

-

639 646 653 673 675 688

UNITED STATES OF AMERICA Railways Banks, insurance and Finance Commercial and Industrial British Investment in the United States

690 697 700 702

-

696 699 701 706

- 325

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326 331 333 350 353 354

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May 30, 2014 - LONDON

FRIDAY 30 MAY 2014 commencing at 10.00 a.m.

All Sales are subject to the Terms and Conditions for Buyers printed at the back of this catalogue.

Please note that bidders who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added to their invoice for using this facility. Spink is pleased to continue to offer our brand new on-line bidding platform Spink Live for no charge through www.spink.com.

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 brackets are inserted by hand.

Serial numbers of lots are shown in most cases.

COLLECTIONS AND LOTS 3 A quantity of certificates and insurance receipts, including Consolidated 3% annuities, 1805 to 1831 (6 examples); London General Cab Co. Ltd., 187[7]; Australia, Union Jack Consolidated Mines Ltd., [1900], Union Jack flag at top; Cia de Salitres y Ferrocarril de Agua Santa, £10 shares, 18[1904], 5 examples; Elder, Dempster & Co. Ltd., 19[19]; Bank of England, 2 certificates for the purchase of Government Annuities, 182[5] and 183[0], scarce; Russian bonds (10); Brazil Great Southern Railway Co. Ltd., £100 debentures, 189[8], 10 examples, and others, mainly insurance premium receipts and a few Japanese invasion notes, mixed condition but many are fine and very fine. (lot) £120-150

1 An accumulation of modern Banking certificates, from the 1950’s and 60’s, including Bank of London & South America Ltd, Barclays Bank D.C.O., Martins Bank Ltd., National Provincial Bank Ltd., The Royal Bank of Scotland, The Standard Bank of South Africa Ltd, The Standard Bank Ltd., The English, Scottish and Australian Bank Ltd., National and Grindlays Bank Ltd., Midland Bank Ltd, and Westminster Bank Ltd., condition generally very fine and better. (qty) £100-150

2 A nice group of British registered certificates (15), including Temoh Gold Hills Ltd., 189[1]; Mauritius Gas Co. Ltd., 188[3]; South Africa, English Brewery Co. Ltd., 1861, two examples; East Indian Junction Railway Co., 18[47]; Bohemian Coal Mining Co. Ltd., 1858; Totumo Alluvial Gold Co. Ltd., 18[97]; Kadur Mysore Mines Ltd., 190[2]; Nigeria & West Africa Development Syndicate Ltd., 190[5], and others, mostly West African, generally very fine or thereabouts. (15) £120-140

4 Tustanovice Petroleum Ltd., certificate for 5 £1 preference shares to bearer, 19[08], no.14108, decorative piece with ‘mosaic’ decoration, blue and green, with coupons, together with 17 more European certificates including, Tramway & Chemin de Fer Electriques de Rome-Civita Castellana-Viterbe, 100 francs, 1911; Lloyd Bank, 1923, and, Cie Gen. d’Omnibus et d’Autobus de Constantinople, generally very fine. (18) £120-150

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BONDS AND SHARE CERTIFICATES OF THE WORLD 5 La Plata Electric Tramways Co. Ltd., £1 preference shares, 19[09] and 19[12], ornate border, green, together with Capitol Freehold Land & Investment Co. Ltd., pair of certificates for ordinary and deferred ordinary shares, both 189[3], owned the huge XIT ranch in Texas; British India Steam Navigation Co. Ltd., 51⁄ 2 % preference stock, various dates 1935 to 1940 (6 examples), printed by Waterlow; other certificates (90), mostly modern, and a quantity of Manaos Improvements Ltd., £100 debentures, 1908 (25) and £20 debentures, 191[0] (32), large format, with coupons, the first 4 are fine, the rest mainly very fine and better. (158) £120-150

9 A group of British and British Colonial registered certificates (73), a few 19th century but mostly 1900 to 1930’s, including London Rice Mill Co. Ltd., 1866 (2), Compagnie Anglaise des Engrais Ltd., 1873 (2), Rio Grande Irrigation & Land Co. Ltd., 1898, AngloBelgian Tanning Co. Ltd., 1899, New Novelty Newspaper Co. Ltd., 1894 (4), Hutti (Nizam’s) Gold Mines Ltd., 1904, Simpson’s Lever Chain (Foreign & Canadian) Ltd., 1896, British Honduras Co. Ltd., 1864, Salford & Irwell Rubber Co. Ltd., 1886, Hop Bitters Co. Ltd., 1887, Tinplate Decorating Co. Ltd., 1890 (2), some duplication, mostly very fine or thereabouts. (73) £250-300

6 A group of Bonds and Share certificates and miscellaneous documents, from many countries, including Consolidated £3 per Cent Annuities, 1838; New £3 10s per Cent Annuities, 1838; Brand Waarborg Maatschappij “Nederlandsch Indie”, Batavia 1863; Canada: Northern Light Power & Coal Co. Ltd., $100 bond, 1909; Bolivia, 1870 Internal Loan, unissued bonds for 100, 500 and 1000 pesos; Companhia dos Alcools de Portugal, 1888; Prue Hravatske Stedionice, Zagreb 1922; France, Le Diable, Fumivores - Aspirateurs - Ventilateurs, 1929 (2 examples); Lisbon Steam Tramways Co. Ltd., £100 debenture, 1873; Australia, The Millionaire Ltd., 1901; Counties of Hungary Sterling Loan, £100, 1927; F.C.Metropolitano de Barcelona, 1922 and others (19), mixed condition, fine to very fine, some better. (34) £150-200 7 A group of British and British Colonial registered certificates (56), a few 19th century but mostly 1900 to 1930’s, including Bultfontein Diamond Mines Ltd., 1896, Brazil Great Southern Railway Co. Ltd., 1891, and Egyptian Delta Light Railways Ltd., debenture, 1897, a little duplication, mostly very fine or thereabouts. (56) £150-200 8 A large group of modern British certificates (367), mostly 1920’s to 1960’s covering a number of industries including; London Stockholders Investment Trust Ltd., 1929, Fellows Manufacturing Co. Ltd., 1929, Anglo-South American Bank Ltd., 1930, British American Tobacco Co. Ltd., 1953, Royal Exchange Assurance, 1959, and Derbyshire Stone Ltd., 1965, some duplication, mostly very fine or thereabouts. (367) £150-200

AFRICA CONGO

x10 Les Produits de Mayombe S.A., 100 franc share, 1899, no.6075, very striking design of natives, narrow gauge railway, native weapons and encampment, blue, yellow underprint, good very fine. £40-50 11 S.A. La Lulonga, dividend share to bearer, 1898, no.0062, vignette of river and dwellings, large palm trees, black with pink underprint, together with; Societe Anversoise du Commerce au Congo, bearer share without par value, 1897, no.4849, brown; Anglo-African Produce Company S.A., ordinary shares, no.231, and others (4), about very fine to extremely fine. (7) £80-100

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x13 Société Equatoriale Congolaise (Ikelemba), a tenth of a preference share of 500 francs, Anvers 1900, no.2409, attractive piece with native hut, river boat and palm trees, blue and red with yellow underprint, with coupons, extremely fine. £60-80

12 S.A. Belge des Verreries Coloniales, 100 franc share, not dated but circa 1898, no.1036, intricate illustration of bare breasted woman dressed in pearls/beads looking into mirror, ornate headdress at bottom, beadwork style border, olive green, hand stamps on face, with coupons, good very fine. £150-180

ETHIOPIA 14 Plantations d’Abyssinie, 1 share (of no par value), Brussels 1927, no.14925, ornate border, red and dark green, endorsements on face, with coupons, extremely fine. £60-80

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BONDS AND SHARE CERTIFICATES OF THE WORLD

MOZAMBIQUE

PORTUGUESE AFRICA

15 A nice collection of East African/Mozambique certificates (22), comprising Delagoa Bay and East African Railway Ltd., 189[6]; Beira Post Ltd., 1[899]; Mapootaland Syndicate Ltd., 18[88]; Pardy’s Mozambique Syndicate Ltd., 1895; Gold Fields of Mozambique Ltd., 18[94]; Portuguese Manica Gold Mining Co. Ltd., 25 shares, 1899, 10 shares, 1901, 5 shares and 10 shares, 1905; Beira Junction Railway (Port Beira to Fontesville) Ltd., 1895; Mozambique Macequece Ltd., 190[3]; Companhia Agricola do Moribane, 1900, two types; Companhia de Mossamedes, 1927, two types; Cie d’Inhambane, 1899; Chemin de Fer de Beira au Zambeze, 1898, and, Companhia de Mocambique, 5 different types, 1895-1928, the majority very fine, some better. (22) £150-200 x16 Beira Junction Railway (Port Beira to Fontesville) Ltd., bearer certificate for 10 shares, 1895, no.5838, signed by the Trustees, ornate border incorporating vignette of steam locomotive at bottom, orange & blue, stamped cancelled, with coupons, almost extremely fine; together with The Anglo-African Produce Company, 100 francs shares, ordinary, 1897 and preference, 1898, no. 1794 and 4399, brown and blue respectively, ornate borders, arms at top centre, vignette with harbour scene at low centre, almost extremely fine and extremely fine. (3) £60-80

17 Companhia de Cabinda S.A., certificate for 10 shares, made out to ‘bearer’, 1918, no.336071336080, ornate border including large vignette of native with fruit, winged helmet of Mercury and mining tools at top corners, green, together with L’Africaine Portugaise S.A., two pieces, bearer share without par value, no.3223, green and 250 franc share, no.2027, red, both with coupons, and Companhia de Navegacao S.A., certificate for 5 shares, 1928, no.30856-30860, colourful piece with illustrative border, vignette of ships at port at top and coastal scenes in bottom corners, orange, pink and green predominantly, very fine and better. (4) £60-80

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RHODESIA 18 British South Africa Company, £1 shares, a specimen certificate, from the Bradbury Wilkinson archive, capital £1,000,000, circa 1890, arms of the company in centre, black and pink, small hole cancels, with counterfoil, small mark at bottom left, extremely fine. £60-80

19 British South Africa Company, SPECIMEN mortgage debenture bond for £1000, from the Bradbury Wilkinson & Co. archive, circa 1890, not numbered, attractive ornate border with vignettes depicting coat of arms, wagons, steam engine and natives, underprint vignette of elephant and ostriches at river, black with green underprint, with all coupons, good extremely fine. £100-120

20 Roan Antelope Copper Mines Ltd., a set of bearer warrants for 1, 5 and 25 shares of 5/-, [1936] and [1935], lovely vignette of the mine, ornate border, printed by Waterlow & Sons, brown, green and red respectively, with coupons, very fine and scarce. (3) £80-100

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BONDS AND SHARE CERTIFICATES OF THE WORLD

SENEGAL

SOUTH AFRICA 22 General Post Office, Cape Town, Savings Bank Certificate, £100, 18- (1889), comprising a paste-up of a new design printed in black on blue paper and a final specimen but the printing is now in blue and the paper white, together with correspondence with the printers De La Rue, all tipped together along one edge, very fine and an interesting lot. (2) £60-80

x21 S.A. Agricole de Sébikhotane (Sénégal), 50 franc ordinary share, Schaerbeek-Bruxelles 1899, no.2496, very attractive piece with farmhouse, cattle, horses and workers at bottom, steam ploughs at top, green and yellow, with coupons, extremely fine. £80-100

23 Johannesburg City and Suburban Tramway Co. Ltd., a specimen certificate for 5 shares of £1, London 189-, printed by Blades, East & Blades, large format piece with horse drawn tram at top, street scene at bottom, ornate border, blue and black with pink underprint, with coupons, almost extremely fine and scarce. £100-120 24 Commercial & Agricultural Bank of Natal, 5 shares of £5, third issue, Durban 186[5], no.12147-12151, arms and stylised dophins at left, black on grey-green paper, numerous endorsements on face regarding repayment of shares, ragged bottom edge and tear at top edge, fine to very fine. £80-100

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x25 The Union Bank, £5 shares, Cape Town 18[88], no.181, ornate border, black, adhesive revenue stamps on reverse, tiny spot marks at bottom left, very fine;, together with City Steam Laundry Co. Ltd., £5 shares, Cape Town 18[78], black; English Brewery Co. Ltd., £3 share, 1861, no.374, black, and, Cape of Good Hope Food Supply Association Ltd., 1 share, 188[2], no.315, black, and Malmesbury Steam Transport Co. Ltd., £10 share, 187[1], no.206, black, printed in Malmesbury, together with other South African certificates, Bot River Motor Transport & Trading Co. Ltd., 192[47]; Deer Park Ltd., £1 shares, 19[02], and other countries (14), fine to very fine, a few are laminated. (21) £80-100

26 French Rand Gold Mining Co. Ltd., a group of certificates for 25 shares of £1, 190[2], consecutively numbered 1256 through 1266 and 1276 and 1301, very attractive piece with female head at top, ornate border, blue and black, printed by Waterlow & Sons, with coupons, very fine to extremely fine. (13) £120-150

Established in Cape Town in 1847. Failed in 1890.

27 Kimberley Imperial Gold Mining Company Ltd., a group of 4 certificates for £1 shares, Kimberley 188[7], numbers A2893-6, issued to Alfred Beit and signed by Siegfried Neumann as director, ornate border, blue, Cape of Good Hope revenue stamps on reverse, good very fine but two with small ink stains. (4) £80-100 Floated in September 1886, owned 60 claims, about 40 miles east of Barberton.

28 Nationale Boeren Handels Vereeniging, certificate for one share of £10, Pretoria 18[84], no.1652, small arms at top, black, red endorsement at left, very fine and scarce Dutch language certificate. £60-80

27

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BONDS AND SHARE CERTIFICATES OF THE WORLD

29 Rietkuil Gold Mines Ltd., a specimen certifcate for 5 shares of £1, London 189-, from the Bradbury, Wilkinson & Co. archive, cherub at top, ornate border, red and black, with coupons, annotation at top, regarding different colour underprints, good very fine. £60-80 30 St. Augustine’s Diamond Mine Ltd., certificate for £1 shares, 188[9], no.5601, black, together with other African Mining certificates comprising; Collis Diamond Syndicate Ltd, 190[6] (3 examples); New Transvaal Gold Farms Ltd, 1905 (4); Transvaal Inhambane Oil Wells Ltd, 19[05]; Roodepoort United Main Reef Gold Mining Co. Ltd, 189[9]; New Inkerman Mines Ltd, 19[01]; Western Rand Estates Ltd, 19[16] (4 examples); Sabie (Transvaal) Gold Mining Co. Ltd, 192[5]; Marlu Gold Mining Areas Ltd, 19[34]; British South Africa Company, [1960]; Simmer Deep Ltd, 190[7]; Bibiani Ltd, 190[9]; Kenya Consolidated Goldfields Ltd, [1936]; Gold Coast Rubber and Mahogany Estates Ltd, 19[10]; Prestea Block A Ltd, [1917]; Nigerian Base Metals Corporation Ltd, 19[29]; West African Mahogany Co. Ltd, 19[34]; Broomassie Mines Ltd, 19[10]; Akrokerri (Ashanti) Mines Ltd, [1908]; various option certificates (5), generally fine to very fine, some better.

(36) £120-150

31 Treasury Gold Mines Ltd., a specimen 6% debenture for £100, London 1898, from the Bradbury, Wilkinson & Co. archive, allegorical figures at top, red and black, with coupons, good very fine. £60-80 32 Turffontein Gold Mining Co. Ltd., £1 vendor’s shares, Johannesburg 18[87], no.0284, issued to E.J. Pullinger and signd by him on the reverse, also signed by J. Pullinger as a director, ornate border, black, very fine. £60-80

TUNISIA

33 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

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May 30, 2014 - LONDON 34 Credit Foncier de Tunisie S.A., ‘titre de privilege’, no.27, ornate border, vignettes of native men and woman, building in centre, black with blue underprint, together with other pieces from french north Africa; S.A. Des Mines de Plomb & de Zinc du Djebel Oudiba, 100 franc share, 1924, no.008916, brown and green, with coupons, Societe des Mines de Guelma, 250 franc share, 1905, no.0982, blue, with coupons, Societe du Gaz d’Alcool & des Distilleries du Sahel S.A., 100 franc preference share, 19[10], no.0830, ornate border, brown, with coupons, and Societe Algerienne de Materiel Agricole, 100 franc share, 1925, no.17820, ornate illustrated border, blue and green, with coupons, the first with tear at bottom edge, otherwise very fine. (5) £100-120

39 A small collection of Egyptian certificates (15), comprising Chemins de Fer de la Basse-Egypte, 3 different certificates, 500 franc preference shares 1896 and 1912 and dividend share 1896; Soc. Generale des Sucreries et de la Raffinerie d’Egypte, founders share, Cairo 1897; Soc. Nationale de Transport et de Tourisme “Karnak”, E£4 share, 1946, vignette of monument at top; Monts-de-Piete Egyptiens, 625 franc share, Paris 1934; Credit Foncier Egyptien, 250 franc bond, Cairo 1911; S.A.Egyptienne Carba, E£4 share, 1949; Co. Generale Egyptienne des Petroles “COGEP”, 1940; Soc. Egyptienne D’Ameublement Krieger, Cairo 1923; Egyptian Perla Marble Co., Cairo 1931; Modern Buildings, specimen for 25 shares, Alexandria 1945; Comptoir Financier et Commercial d’Egypte, provisional certificate and Soc. Belge-Egyptienne de L’Ezbekieh, ordinary and preference shares of 500 francs, 1899, generally very fine to extremely fine. (15) £60-80

MIDDLE EAST

40 A small collection of British financed companies in Egypt, comprising Egyptian Commercial and trading Co. Ltd., 1865; Bank of Egypt Ltd., 1902; Egyptian Enterprise and development Co., 1906; Egyptian Cotton Mills Ltd., 1900; Egyptian Improvements Corporation, 1906; Commercial and Estates Company of Egypt Late S. Karam & Freres, 1904, and Land Bank of Egypt, founders share, 1905 and an unissued ordinary share, circa 1905, mostly decorative pieces, some with coupons, generally very fine, some better. (8) £100-120

x35 Certificates from the Middle East (3), comprising Jewish Colonial Trust Ltd., one share, 1[903], 4 vignettes in each corner, tear at top edge; Government of Morocco, 4% Loan, 1914, bond for 500 francs, large format piece with vignettes around border of ancient buildings, and, Soc. Egyptienne de Ciment Portland Tourah-Le Caire, 10 shares, 1927, very pretty piece with Egyptian motifs and winged bird at top, multicoloured, generally very fine. (3) £60-80

EGYPT 36 Egyptian Ministry of Finance, a sole bill of exchange for 97,500 piastres, 2nd January 1864, payable on the 1st April 1865, large format, text in French, Arabic and English, signed by the Minister of Foreign Affairs in Cairo, black on grey paper, endorsements on reverse, an excellent example of Egyptian short term borrowing, very fine. £80-100 37 Egyptian Ministry of Finance, a sole bill of exchange for 195,000 piastres, 5th January 1864, payable on the 1st April 1865, large format, text in French, Arabic and English, signed by the Minister of Foreign Affairs in Cairo, black on grey paper, endosed on reverse, an excellent example of Egyptian short term borrowing, very fine. £80-100

41 Agricultural Bank of Egypt, SPECIMEN certificate for £10 preference share, 1904, no number, attractive piece with vignette in centre of title depicting agricultural workings, ornate border, green and black, printed by Bradbury Wilkinson & Co., with coupons, extremely fine. £60-80

38 Egyptian Ministry of Finance, a sole bill of exchange for 77, 150 piastres, 2nd January 1864, payable on the 1st August 1865, large format, text in French, Arabic and English, signed by the Minister of Foreign Affairs in Cairo, black on grey paper, endorsements on reverse, an excellent example of Egyptian short term borrowing, very fine. £80-100 11

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BONDS AND SHARE CERTIFICATES OF THE WORLD 42 Bank of Egypt Ltd., £25 shares, 190[6], no.4308; together with Egyptian Estates Ltd., 2 certificates for deferred shares, 190[5] and [6], ornate borders, rare type; Egyptian Estates Ltd., 100 shares of £1, 19[06], vignettes of camels and riders and the Khedive; Suez Oil Co (1915) Ltd., 10/- shares, 19[20], printed by Waterlow & Sons; and other world certificates (85) including Australia, Brilliant Block Gold Mining Co. Ltd., 1914; Consolidated Gold Fields of South Africa Ltd., 1948 and Burma Mines Development and Agency Ltd., 1905, some duplication, mainly very fine. (90) £150-200

44 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) £80-100

43 Boulangerie Mecanique Hygienique d’Egypte, 100 franc share, Alexandria 1899, no.4591, very attractive piece with workers in field, river boat and well, brown, with coupons, together with other French financed Egyptian companies (4), comprising Soc. Gen. des Sucreries et de la Raffinerie d’Egypte, 1897; Soc. Fonciere du Domaine de Cheikh Fadl, 1938; Soc. Cooperative de Consommation des Fonctionnaires du Gouvernement, 1910 and Soc. Egyptienne d’Entreprises Urbaines & Rurales, 1905, cancelled, very fine and better. (5) £80-100 45 Egyptian Estates Ltd., a set of 4 certificates for 10, 25, 50 and 100 ordinary shares of £1, 19[05] or 19[06], camels and riders at bottom, Khedive at top left, orange, pink, brown and blue respectively, with coupons, fine to very fine. (4) £80-100 WWW.SPINK.COM

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May 30, 2014 - LONDON 46 Fayoum Light Railways Co., 4% debenture for £20, Cairo 1899, steam train at bottom stylised bird at top, Egyptian figures at sides, green, with coupons, together with other transport related pieces (4) comprising Chemins de Fer de la Basse-Egypte 500 francs share 1896, another dated 1912 and a 250 franc bond dated 1934, S.A. des Tramways du Caire, 1927, generally very fine and better. (5) £60-80

x48 Societe Fonciere du Domaine de Cheikh Fadl, a series of certificates comprising 1 share of £4, 1938 (14), 1945 (1), 5 shares of £4, 1938 (10), large format with agricultural scenes and workers with camel, green and yellow respectively, with coupons, mostly perforated cancelled, generally very fine and better.

(25) £60-80 49 S.A. des Tramways du Caire, 10 ‘parts sociales’, Brussels 1968, no.53851-53860, ornate border, brown, blue underprint, with coupons, extremely fine. £60-80

47 Fayoum Light Railways Co., a group of 5 x 4% debentures for £20, Cairo 1899, steam train at bottom stylised bird at top, Egyptian figures at sides, green, with coupons, generally very fine and better. (5) £100-120

50 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. £60-80

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OTTOMAN EMPIRE 51 Chirketi-Hairiéi-Hamidie, S.A. Ottomane Privilégiée de Navigation a Vapeur, one share of LT5, 1906, no.4530, large format ornate border, green with pink underprint, text in Arabic and French, with coupons; together with a provisional certificate for 5 shares, also 1906, different design, the last with bottom right corner torn away otherwise very fine. (2) £60-80

54 Société Immobilière Ottomane de Constantinople, 5 lira founder share, Constantinople 1914, no.15607, lovely vignette of the Bosporus Strait with boats and cityscapes either side, column style border, navy blue and yellow, with coupons, almost extremely fine. £150-200

52 Droguerie Centrale D’Orient, certificate for 5 founders shares, Constantinople 1925, no.1856-60, large format piece with ornate borders, poppies at left and right, green and black, text in French and Arabic, with coupons, good very fine. £60-80

PALESTINE x55 Anglo-Palestine Co. Ltd., £1 shares, 19[13], no.1784, scrollwork at left, black, red paper seal, together 2 Government of Palestine bonds for LP10, 1946, red-brown and yellow, with coupons, the first cut cancelled through seal and signatures, and a little discoloured to the right, very fine. (3) £60-80 56 Anglo-Palestine Co. Ltd., bearer warrant for [5] ordinary shares of £1, 19[28], no.6823, black, text in English and Hebrew, red paper seal, with coupons, together with a Government of Palestine, £10 bond, 4th issue, Jerusalem 1946, red-brown, yellow underprint, with coupons, very fine and extremely fine.

(2) £80-100

53 Ottoman Company Ltd., a group of 12 certificates for one share of £20, London 1865, lovely vignette of camel and rider with goods standing by palm tree, black, printed by Bradbury, Wilkinson & Co., very fine to extremely fine. (12) £150-200

57 Bank Le Credit Gomleen Cooperative Society Ltd., certificate for one share of 5 Palestine pounds, 193[3], no.1212, ornate border, text in English and Hebrew, brown, extremely fine. £60-80

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59 Jewish Colonial Trust, certificate for £1 ordinary shares, [1922], no.101307, ornate border, vignettes in each corner depicting worshipers, workers at dock, factory workers and farming scene, underprint of map of Palestine, red paper seal at bottom left, blue, black and brown, stamp cancelled, a little brittle, extremely fine. £60-80 60 Zerubabel Bank, Cooperative Society Ltd., debenture for 5 Palestine pounds, 1932, no.7275, ornate border, red paper seal bottom right, black and green, text in English and Hebrew, extremely fine. £60-80

SYRIA x58 ‘Hermon’, Soc. Industrielle et Agricole en Palestine, 100 franc share, Paris 1906, no.0704, attractive piece with ox and plough in centre, females either side carrying fruit and wine jug, brown and yellow, with coupons, good very fine and scarce. £80-100

61 Société Foncière de Syrie, 3000 franc share, not dated but circa 1952, no.055064, very attractive piece, vignettes within border of various town scenes, architectural details and vines, green and black, embossed stamp to left side, with coupons, extremely fine. £200-250

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ASIA CHINA COLLECTIONS AND LOTS 62 A small group of Chinese bonds, comprising 1912 Gold Loan, £100; 1913 lung Tsing U Hai Railway, £20 (2 examples); Lung Tsing U Hai Railway, 1915, 500 francs; 1922 Railway Equipment Loan, £20 (2 examples), and 1936 Shanghai Hangchow Ningpo Railway, £50, generally very fine. (7) £150-200 63 A group of Chinese certificates (7), comprising 41⁄ 2 % Gold Loan of 1898, £25, Deutsch-Asiatische Bank issue, red; 5% Tientsin-Pukow Railway Supplementary Loan, bond for £100, 1911, English, green; 5% Hukuang Railways Sinking Fund Gold Loan of 1911, £100, German issue, red; 1912, Gold Loan, £20; 1922 Railway Equipment Loan; 1912 Public Loan, 10 yuan and Banque Industrielle de Chine, 500 francs, 1919, generally very fine. (7) £150-200 64 A small collection of Chinese bonds (9), comprising Shanghai-Nanking Railway, £100, 1907; Hukuang Railways, £100, German issue; 1912 Gold Loan, £100; 1914 Industrial Loan, 500 francs; 1922 Railway Equipment Loan; 1923, Lung Tsing U hai Railway, 1000 gulden, and others (3), mixed condition, generally fine to very fine. (9) £180-220 65 A small collection of Chinese bonds, comprising 1898, £25 and £100, German issue; 1907 Canton Kowloon, £100; Hukuang, £20, French (2 examples); 1912 5% Gold Loan, £20 and £100, and other minor pieces (5), mixed condition but generally fine to very fine. (12) £200-300

66 A collection of Chinese Government bonds, comprising 1898, £50, German, £100 English; Shanghai-Nanking Railway, 1903, £100, with net profit sub-certificate series D; 1903 ‘Emprunt Chinois’, 500 francs, dated 1905; 1908 Gold Loan, £20, French; Tientsin Pukow Railway, 1908, German, £100 and 1910, German, £20 and £100, also 1938, £12 bond; Hukuang £20, French, £100 English; 1912 Gold Loan, £20 and £100; 1914, Industrial loan; Lung Tsing U Hai Railway, 1913, £20, 1920, 500 francs, 1921, 500 francs, 1923, 500 francs, 1925, 500 francs, and Dutch loans, 1920 and 1923, each for 1000 florins; 1919 ‘Vickers’ £100; 1922 Railway Equipment Loan, £20; 1925 ‘Skoda’, £5 and £100; 1936 Shanghai Hangchow Ningpo, £50, together with Russian 1902 Boxer indemnity loan, 2000 marks, Banque Industrielle de Chine, 1919, and others (3), generally very fine. (32) £400-600 67 A group of Chinese and other bonds (16), comprising Canton Kowloon, 1907, £100; Hukuang Railway, 1911, £100, HSBC; 1908 Tientsin Pukow Railway, £100, English; 1910 Tientsin Pukow Railway, £10, English; 1898, Gold Loan, £100, HSBC and £100 DAB; 1912 5% Gold ‘Crisp’ loan, £100; 1919 Vickers Loan, £100; Shanghai Nanking Railway, 1907, £100; 1925 Boxer Loan, $50; Lung Tsing U Hai Railway, 1913, £20, and other non Chinese (5) including Russia, Consolidated Railroad loan, series 1, 3125 roubles, mostly very fine and better.

(16) £500-600

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GOVERNMENT BONDS

70 68 1895 4% Gold Loan, bond for 500 francs, no.396742, issued in St.Petersburg, ornate border, brown, black and yellow, red ‘chop’, no coupons, 5 large cancellation holes as normal, centre creasing and slightly uneven left hand border otherwise good fine. £250-300 69 1895 4% Gold Loan, bond for 500 francs, no.038377, issued in St.Petersburg, ornate border, brown, black and yellow, red ‘chop’, no coupons remain, 5 large cancellation holes as normal, small ink stains, good fine. £250-300 70 1898 41⁄ 2 % Gold Loan, £25 bond, no.001051, issued

by Hongkong and Shanghai Banking Corporation, large format, ornate border, red and black, red chop in centre, with coupons, small piece missing right border and top edge otherwise very fine. £15-200

71 1898, 41⁄ 2 % Gold Loan, £25 bond, no.000508, issued by the Hongkong and Shanghai Banking Corporation, large format, ornate border, red and black, red chop in centre, with coupons, couple of small nicks at left edge otherwise good very fine and much better condition than usual. £200-300 17

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73

72 1898, 41⁄ 2 % Gold Loan, £50 bond, no.000919, issued by the Hongkong and Shanghai Banking Corporation, large format, ornate border, orange and black, red chop in centre, with coupons, couple of repaired tears at left edge but generally in better than average condition, very fine. £200-300

73 1898, 41⁄ 2 % Gold Loan, £50 bond, no.000918, issued by the Hongkong and Shanghai Banking Corporation, large format, ornate border, orange and black, red chop in centre, with coupons, couple of repaired tears at left edge, very fine and better than average for this issue. £200-300

74 1898 41⁄ 2 % Gold Loan, a group of 26 bonds for £100, issued by the Hongkong and Shanghai Banking Corporation, large format, ornate border, brown and black, red ‘chop’ bottom centre, with coupons, mixed condition but many are fine to very fine. (26) £600-800 75 1898, 41⁄ 2 % Gold Loan, bond for £500, no.001277, issued by the Hongkong and Shanghai Banking Corporation, large format, ornate border, purple and black, red chop in centre, with coupons, some edge tears to left side, body and colour still strong, about very fine. £400-500

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76 1898, 41⁄ 2 % Gold Loan, unissued £25 bond from the reserve stock, Deutsch-Asiatische Bank issue, large format, ornate border, red and black, not numbered, no red chop in centre, with all coupons, extremely fine and scarce. £300-400

78 1898, 41⁄ 2 % Gold Loan, unissued £50 bond from the reserve stock, Deutsch-Asiatische Bank issue, large format, ornate border, orange and black, not numbered, no red chop in centre, with all coupons, extremely fine and scarce. £300-400

77 1898 41⁄ 2 % Gold Loan, a group of 10 bonds for £25, issued by the Deutsch-Asiatische Bank, large format, ornate border, red and black, red ‘chop’ bottom centre, with coupons, a generally better than average lot with many very fine. (10) £200-300

79 1898 41⁄ 2 % Gold Loan, bond for £50, issued by the Deutsch-Asiatische Bank; together with 1925 ‘Skoda’ Loan, bonds for £10, £50 and £100, all with coupons, the first fine to very fine, the others all with condition problems, fine and better. (4) £100-120

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BONDS AND SHARE CERTIFICATES OF THE WORLD 81 1899, Chinese Imperial Railway 5% Gold Loan, bond for £100, no.07204, large format with ornate border, text all in English, red chop in centre, brown with pale blue underprint, with coupons, light creasing, very fine. £120-150

80 1898 41⁄ 2 % Gold Loan, a group of 100 bonds for £50, issued by the Deutsch-Asiatische Bank, large format, ornate borders, orange and black, red ‘chop’ in centre, with coupons, mixed condition but a better than average lot, fine to very fine. (100) £1,000-1,200

82 1902 4% Russian State Loan, Chinese Boxer Indemnity, a small group of bonds for 500 roubles (5), 1000 roubles (3), 2000 roubles (4), 5000 roubles (1), all with ornate border, multicoloured with Russian eagle top left and Chinese dragons top right, most with coupons/talon, fine to very fine. (13) £120-150 83 Shanghai-Nanking Railway, 5% Gold Loan, a group of 27 bonds of £100, first issue dated 1904, large format, ornate border, red and black, two ‘chops’ at bottom, with coupons, a few with tears at edges but many are very fine and better. (27) £500-600 84 Shanghai-Nanking Railway 1904, set of 5 net profit sub-certificates, printed signature of William Keswick, director of the British and Chinese Corporation Ltd., black and white with dividend payment stamps on reverse, generally very fine. (5) £60-80 81

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May 30, 2014 - LONDON 86 Chinese Imperial Government, Honan Railway 5% Gold Loan, bond for £100, second issue, 1906, no.7409, large format, ornate border, green and black with yellow underprint, coupons glued at right edge, shadow of red ‘chop’ at top right, small tear bottom left corner, very fine. £150-180

85 “Emprunt Chinois” 5% Gold Loan 1905, unissued bond for 500 francs, large format piece with ornate borders, dragons at top, green and black, beige underprint, with full coupon sheet, centre fold otherwise extremely fine. £400-500

87 1907 Canton-Kowloon Railway 5% Gold Loan, a group of 5 bonds for £100, large format with ornate border, red and black, printed by Waterlow & Sons, generally very fine. (5) £300-400 88 1907 Canton-Kowloon Railway 5% Gold Loan, a group of 16 bonds for £100, large format pieces with ornate borders, red and black, printed by Waterlow & Sons, with coupons, mixed condition but mainly fine and very fine. (16) £700-900

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89 Chinese Imperial Government 5% Gold Loan of 1908, bond for £20, 1909, no.B096529, vignette under title of the Imperial Palace at Peking, countersigned by La Banque de L’Indo-Chine, text in English and French, green and black, without coupons, rough edges where coupons removed, otherwise extremely fine. £60-80

90 1911 5% Hukuang Railways Sinking Fund Gold Loan, a group of 14 bonds of £20, issued by the Hongkong and Shanghai Banking Corporation, large format, steam train at top, green on black, printed by Waterlow & Sons, all with coupons, mixed condition but mostly fine to very fine, some better and one of the scarcer issues of this loan. (14) £400-500

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May 30, 2014 - LONDON 94 1911 5% Hukuang Railways Sinking Fund Gold Loan, a group of 16 bonds of £100, issued by the Banque de L’Indo-Chine, large format, steam train at top, red and black, printed by Waterlow & Sons, all with coupons, mixed condition, fine to very fine. (16) £500-600 95 1911 5% Hukuang Railways Sinking Fund Gold Loan, a group of 16 bonds of £100, issued by the Deutsch-Asiatische Bank, large format, steam train at top, red and black, printed by Waterlow & Sons, all with coupons, mixed condition, fine to very fine. (16) £500-600 96 1912 5% Gold ‘Crisp’ Loan, bonds for £20 and £100, large format with ornate borders, blue & black with yellow underprint and turquoise and black respectively, with coupons, both very fine, the last somewhat better. (2) £80-120

91 1911 5% Hukuang Railways Sinking Fund Loan, a group of 7 bonds for £100, issued by the Hongkong and Shanghai Banking Corporation, large format, steam train at top, red and black, printed by Waterlow & Sons, all with coupons, a good quality lot, good very fine and better. (7) £300-400 92 1911 5% Hukuang Railways Sinking Fund Gold Loan, a group of 15 bonds of £100, issued by the Hongkong and Shanghai Banking Corporation, large format, steam train at top, red and black, printed by Waterlow & Sons, with coupons, mixed condition, mostly fine to very fine. (15) £500-600 93 1911 5% Hukuang Railways Sinking Fund Gold Loan, a group of 16 bonds of £20, issued by the Banque de L’Indo-Chine, large format, steam train at top, green and black, printed by Waterlow & Sons, all with coupons, mixed condition, mainly fine to very fine.

(16) £300-400

97 1912, 5% Gold ‘Crisp’ Loan, a group of 5 bonds for £100, large format, ornate border, turquoise and black, with coupons, generally very fine. (5) £400-500

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BONDS AND SHARE CERTIFICATES OF THE WORLD 98 1912 5% Gold ‘Crisp’ Loan, a group of 12 bonds for £100, large format with ornate borders, turquoise and black, with coupons, mixed condition, generally fine to very fine. (12) £800-1,000

101 1912 5% Gold ‘Crisp’ Loan, bond for £1000, no.718, large format, ornate border, red and black with yellow underprint, red ‘chops’, with coupons, small edge tear at bottom, almost very fine and a nice example of this scarce high denomination. £1,500-2,000 99 1912 5% Gold ‘Crisp’ Loan, bond for £500 no.1456, large format piece with ornate border, brown with pale blue underprint, with coupons, small tear at bottom edge, almost very fine. £500-600

102 1913 Lung Tsing U Hai Railway, 5% Gold Loan, a group of 10 bonds of £20, large format, blue and black, text in French and English, with coupons, some with edge tears but generally very fine. (10) £500-600

100 1912 5% Gold ‘Crisp’ Loan, bond for £500, no.1538, large format piece with ornate border, brown and black with pale blue underprint, with coupons, tear at right edge not affecting design otherwise very fine. £500-600

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104 Province of Petchili, 51⁄ 2 % Gold Loan, 1913, bond for £20, no.13641, very large format piece with vignette of Chinese shipping with mountains in background, brown and black, red ‘chop’ in centre, text in French and English, with coupons (reattached at bottom), very fine. £800-1,000 105 Province of Petchili, 51⁄ 2 % Gold Loan, 1913, bond for £20, no.17959, very large format piece with vignette of Chinese shipping with mountains in background, brown and black, red ‘chop’ in centre, text in French and English, with coupons (reattached at bottom), very fine. £800-1,000 106 Province of Petchili, 51⁄ 2 % Gold Loan, 1913, bond for £20, no.20832, very large format piece with vignette of Chinese shipping with mountains in background, brown and black, red ‘chop’ in centre, text in French and English, with coupons, top third somewhat toned and small nick at left edge, very fine. £600-800

103 1913, Lung Tsing U Hai Railway 5% Gold Loan, a duplicate £20 bond, No.B077303, overstamped “Duplicata” in large red letters, issued in exchange for damaged or lost bond, large format, blue and black, text in English and French, with coupons, good very fine and rare. £300-400

107 Province of Petchili, 51⁄ 2 % Gold Loan, 1913, bond for £20, no.21061, very large format piece with vignette of Chinese shipping with mountains in background, brown and black, red ‘chop’ in centre, text in French and English, with coupons, wear at fold, about very fine. £800-1,000

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108 Chinese Government 5% Reorganisation Gold Loan of 1913, a trio of certificates comprising; bond for £100, no.795535, blue and £20, 1913, no.4870, brown, both countersigned Hongkong and Shanghai Banking Corporation and £20, no.625480, RussoAsiatic Bank, all with ornate border, vignette at top of Mercury, all with coupons, very fine to extremely fine.

(3) £400-500 109 1913 5% Reorganisation Gold Loan, a group of 5 x £20 bonds issued by the Hongkong & Shanghai Banking Corporation, ‘Mercury’ at top, peasants and buildings at either side, brown and black, printed by Waterlow & Sons, with coupons, one with minor edge tear, very fine and better. (5) £300-400 110 1913 5% Reorganisation Gold Loan, a group of bonds for £20 (15), all issued by the Hongkong and Shanghai Banking Corporation, orange-brown and black, with coupons, generally very fine to extremely fine. (15) £900-1,200

111 1913 5% Reorganisation Gold Loan, a group of bonds for £20 (20), all issued by the Hongkong and Shanghai Banking Corporation, orange-brown and black, with coupons, very fine to extremely fine. (20) £1,200-1,500 112 1913 5% Reorganisation Gold Loan, a group of 24 bonds for £20, issued by the Hongkong & Shanghai Banking Corporation, ‘Mercury’ at top, peasants and buildings at either side, brown and black, printed by Waterlow & Sons, with coupons, generally very fine and better. (24) £1,400-1,800 113 1913 5% Reorganisation Gold Loan, bond for £100, issued by the Hongkong and Shanghai Banking Corporation, ‘Mercury’ at top, peasants and buildings at either side, blue and black, printed by Waterlow & Sons, with coupons, near extremely fine. £300-400

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May 30, 2014 - LONDON 114 1913 5% Reorganisation Gold Loan, a pair of £100 bonds issued by the Hongkong & Shanghai Banking Corporation, ‘Mercury’ at top, peasants and buildings at either side, blue and black, printed by Waterlow & Sons, with coupons, both with tear at bottom right corner, very fine. (2) £500-600 115 1913 5% Reorganisation Gold Loan, a group of bonds for £100 (5), all issued by the Hongkong & Shanghai Banking Corporation, blue and black, with coupons, very fine to extremely fine. (5) £1,500-2,000 116 1913 5% Reorganisation Gold Loan, a group of bonds for £100 (5), all issued by the Hongkong & Shanghai Banking Corporation, blue and black, with coupons, very fine to extremely fine. (5) £1,500-2,000 117 1913 5% Reorganisation Gold Loan, a group of bonds for £100 (5), all issued by the Hongkong & Shanghai Banking Corporation, blue and black, with coupons, one torn at bottom, very fine or thereabouts.

(5) £1,200-1,500 121 1913, 5% Reorganisation Gold Loan, bond for £100, countersigned by the Deutsch-Asiatische Bank, ornate border, Mercury at top, city view and peasants at either side, blue and black, printed by Waterlow & Sons, with coupons, good very fine. £300-400

118 1913 5% Reorganisation Gold Loan, a group of 21 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, generally very fine and better. (21) £1,200-1,500

122 1913 5% Reorganisation Gold Loan, £100 bond issued by the Deutsch-Asiatische Bank, no.884828, ‘Mercury’ at top, peasants and buildings at either side, blue and black respectively, printed by Waterlow & Sons, with coupons, good very fine but small red ink mark in top margin. £300-400

119 1913 5% Reorganisation Gold Loan, a group of 22 bonds for £20, issued by the Deutsch-Asiatische Bank, ‘Mercury’ at top, peasants and buildings at either side, brown and black, printed by Waterlow & Sons, with coupons, a nice lot, generally good very fine or better.

(22) £1,200-1,500

123 1913 5% Reorganisation Gold Loan, £100 bond issued by the Deutsch-Asiatische Bank, no.884829, ‘Mercury’ at top, peasants and buildings at either side, blue and black respectively, printed by Waterlow & Sons, with coupons, good very fine. £300-400

120 1913, 5% Reorganisation Gold Loan, bond for £100, countersigned by the Deutsch-Asiatische Bank, ornate border, Mercury at top, city view and peasants at either side, blue and black, printed by Waterlow & Sons, with coupons, very fine to extremely fine. £300-400

124 1913 5% Reorganisation Gold Loan, a group of bonds for £100 (5), all issued by the DeutschAsiatische Bank, blue and black, with coupons, very fine to extremely fine. (5) £1,500-2,000

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BONDS AND SHARE CERTIFICATES OF THE WORLD 125 1913 5% Reorganisation Gold Loan, a group of bonds for £100 (5), all issued by the DeutschAsiatische Bank, blue and black, with coupons, very fine to extremely fine. (5) £1,500-2,000

128 1913 5% Reorganisation Gold Loan, a group of 5 £20 bonds issued by the Russo-Asiatic Bank, ‘Mercury’ at top, peasants and buildings at either side, green and black, printed by Waterlow & Sons, with coupons, one with small cut and another with small tears at bottom edge, very fine and better. (5) £300-400 129 1913 5% Reorganisation Gold Loan, a group of 18 bonds for £20, issued by the Russo-Asiatic Bank, ‘Mercury’ at top, peasants and buildings at either side, green and black, printed by Waterlow & Sons, with coupons, generally very fine, some better. (18) £1,000-1,500

126 1913 5% Reorganisation Gold Loan, bond for £20, issued by the Russo-Asiatic Bank, Mercury at top, farmers and traditional Chinese building at either side, green and black, printed by Waterlow & Sons, together with Banque Industrielle de Chine, 500 franc share, 1913, capital 45,000,000 francs, dragons at top, chinese dogs at bottom with panoramic view of the City, yellow and black, with coupons, both very fine to extremely fine. (2) £80-100

130 1913 5% Reorganisation Gold Loan, a group of 5 receipts for repayment of coupon payable 1914, attached to original coupon for 5 bonds numbered 081535-081539, small format, black on pale green paper, French adhesive duty stamps, red ‘chop’ at bottom, very fine and very rare with original coupon. £60-80

127 1913 5% Reorganisation Gold Loan, a group of 14 bonds for £20, issued by the Russo Asiatic Bank, ‘Mercury’ at top, peasants and buildings at either side, brown and black, printed by Waterlow & Sons, with coupons, fine to very fine, some better. (14) £800-1,000

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131 Chinese Central Government, 1913 6% ‘Austrian’ Loan, bond for £100, no.10215, large format piece with ornate border, green and black, red ‘chop’ in centre, with coupons, heavy centre fold which has separated and been repaired sometime in the past, sellotape remains, top edge a little ragged, fair to fine and scarce. £600-800

133 1914 5% Gold ‘Industrial’ Loan, unissued bond for 500 francs from the reserve stock, large format, vignettes of railways, station and bridge, brown, yellow underprint, with all coupons from 1934, not numbered, good extremely fine. £150-180

132 1914 5% Emprunt Industrielle, unissued provisional certificate for 500 francs from the reserve stock, ornate border, blue and beige, with 1914 500 francs bond dated 1914, 1914 issued bond trimmed, reserve stock, extremely fine and rare. £80-100

134 1918 8% Treasury ‘Marconi’ Bill, £100 bond, no.000724, ornate border, red and black, yellow underprint, on poor quality paper, one of the best condition pieces the cataloguer has seen with just a small split at bottom left along a single fold. £80-100 29

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BONDS AND SHARE CERTIFICATES OF THE WORLD 135 1918, 8% ‘Marconi’ Treasury Bill, £100 bond, no.364 of only 1500 issued, ornate border, red and black, yellow underprint, on poor quality paper, coupons removed and re-attached, very minor split at fold, good very fine and much better than usual condition. £80-100

139 1919 8% 10 Year Sterling Treasury Notes ‘Vickers Loan’, a group of 7 bonds for £100, vignette of dockside at top, ornate border, green, with coupons, generally very fine. (7) £200-250

136 1918, 8% ‘Marconi’ Treasury Bill, £500 bond, no.1809 of only 500 issued, ornate border, red and black, yellow underprint, on poor quality paper, coupons removed and re-attached, several splits at edges and folds, fine £150-200

137 1918, 8% ‘Marconi’ Treasury Bill, £1000 bond, no.2049 of only 200 issued, ornate border, red and black, yellow underprint, on poor quality paper, coupons removed and re-attached, repaired tear at bottom right, further edge tears, fine and rare. £250-300

140 1919, 6% Two-Year Secured Gold ‘Chicago Bank’ Loan, $1000 bond, no.815, vignette of Pagoda at top, orange and black, printed by the American Bank Note Co., with coupons, ragged edge at right where coupons removed, good very fine £400-500

138 1919 8% 10-Year Sterling Treasury Notes ‘Vickers Loan’, set of bonds for £100, £500 and £1000, vignette of dockside at top, ornate border, green, blue and brown respectively, all with coupons, generally very fine. (3) £300-400

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141 1920 Lung Tsing U Hai Railway, 8% Loan, a group of 9 bonds of 1000 florins, steam train and bridge at top, orange-brown, green and red, with coupons, very fine to extremely fine. (9) £250-350 x143 1925 5% Gold ‘Boxer’ Loan, a group of 20 bonds for US $50, ornate border, brown, yellow underprint, text in English and French, with coupons, a handful with edge nicks, generally very fine to extremely fine.

(20) £150-200 144 1925 5% Gold ‘Boxer’ Loan, a group of 22 bonds for $50, ornate border, brown and yellow, with coupons, mixed condition, generally about very fine and better. (22) £200-250 145 1925 5% Gold ‘Boxer’ Loan, a group of 150 bonds for $50, ornate border, brown and yellow, with coupons, mixed condition, many very fine and better.

(150) £1,000-1,200 142 1923 Lung Tsing U Hai Railway, 8% Loan, a group of 10 bonds of 1000 florins, steam train and bridge at top, green and red, with coupons, a couple with rust marks, good very fine, the remainder extremely fine. (10) £300-400

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146 1925 8% ‘Skoda’ Loan, bond for £5, no.0002602, inverted ‘No.’, ornate border, brown blue and black, chop in centre, with coupons, about extremely fine with rare error. £300-400

149 1925 8% ‘Skoda’ Loan, bond for £500, no.0020970, ornate border, orange and black, ‘chop’ in centre, with coupons, about extremely fine. £200-300

147 1925 8% ‘Skoda’ Loan, a group of 10 bonds for £50, ornate border, green and black, ‘chop’ in centre, with coupons, a couple with edge tears but generally very fine to extremely fine. (10) £250-350 148 1925 8% ‘Skoda’ Loan, a group of 7 bonds for £100, ornate border, brown and black, ‘chop’ in centre, with coupons (some detached), some with edge tears but generally very fine to extremely fine. (7) £200-250

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151 1934 6% Sterling Indemnity (Boxer) Loan, bond for £50, no.0140, ornate border with vignette of Sun Yat Sen at top, blue, brown and black with green underprint, with coupons, spike hole at top left, good very fine. £150-180

150 1925 8% ‘Skoda’ Loan, bond for £1000, no.0026678, ornate border, red and black, ‘chop’ in centre, with coupons, tear on adhesive label at top right, extremely fine. £200-300

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152 1934 6% Shanghai Hangchow Ningpo Railway Completetion Loan, bond for £100, no.000526, large format, Sun Yat Sen top right, ornate border, blue, green, brown and black, text in English and Chinese, with coupons, centre fold otherwise about extremely fine. £80-100

153 1937 Secured Sinking Fund Bond (Pacific Development Loan), for US$1000, no.M2455, pagoda at top, blue and black, with coupons, ABNCo. printing, with certificate attached to denote American domicile, extremely fine. £400-500

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MUNICIPAL LOANS

RAILWAYS

154 Shanghai Municipal Council, 6% Loan of 1926, debenture for 100 taels, no.D17392, Shanghai Council buildings in centre, ornate border, yellow and black, printed by Waterlow & Sons, endorsement of conversion to Chinese currency in 1943, good very fine. £80-100 156 South Manchuria Railway Company, 4.3% Loan, bearer bond for 100 yen, 1925, ornate border, black and blue with orange underprint, with coupons, extremely fine. £60-80

155 Shanghai Municipal Council, 6% Loan of 1926, debenture for 100 taels, no.D19140, Shanghai Council buildings in centre, ornate border, yellow and black, printed by Waterlow & Sons, endorsement of conversion to Chinese currency in 1943, good very fine. £80-100

157 South Manchuria Railway Company, bearer bond for 250 yen, circa 1935, no.33042, ornate border, vignette of the worlds first streamlined train at bottom, purple and black, extremely fine. £60-80

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BONDS AND SHARE CERTIFICATES OF THE WORLD

CHINA AND HONG KONG COMPANIES

158 Hongkong & Shanghai Hotels Ltd., 7.50 dollar shares, 193[2], no.12735, arms in centre, blue, capital overprnted in red, perforated cancelled, printed by Waterlow & Sons, together with a similar piece but printed in green by De La Rue and dated 1969 and a share in Hongkong Engineering & Construction Co. Ltd., 1934, the last with dark surface marks, the last two are mounted ready to frame otherwise good very fine, the first scarce. (3) £60-80

160 Hongkong Engineering & Construction Co. Ltd., a group of 20 certificates of $2 shares, fully paid, all 19[38], ornate border, black, ‘1938 ISSUE’ in top margin, stamped cancelled in red, generally extremely fine. (20) £200-300

161 Oriental Bank Corporation, a pair of certificates, both for one £25 share, 18[57], no.4327 and 18[66], no.54965, scrollwork to left and Royal Coat of Arms at top, embossed seal, black, both extremely fine. (2) £150-180

162 Russian investment in China, S.A. Miniere des Aimaks de Touchetoukhan et de Tsetsenkhan en Mongolie, 50 rouble share, St.Petersburg, 1911, Chinese text at right, Russian at left, black and yellow, with coupons, together with Banque Russo-Asiatique, 187.50 roubles share, 1911, 3 examples, brown, pink and black, with coupons, the first with small nicks at bottom edge, very fine and better. (4) £60-80

159 Hongkong Engineering & Construction Co. Ltd., a group of 18 certificates of $2 shares, 25 cents paid, all 19[34] to 19[36], ornate border, red, ‘1931 ISSUE’ in top margin stamped cancelled in red, generally extremely fine. (18) £200-300

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163 Shanghai Electric Construction Co. Ltd., an unissued certificate for 10 shares of £1, no.1688, capital £700,000, electric tram at top left, very ornate borders, red and brown, with coupons, extremely fine. £60-80

165 Shanghai Land Investment Co. Ltd., a group of 10 certificates for 5 tael shares (overprinted 5 HK dollars), all 19[31] full height vignette of Chinese workman painting a house at the top of a ladder, brown, ink cancelled, very fine to extremely fine. (10) £200-300

164 Shanghai Gas Co. Ltd., certificate for shares of 11 HK dollars, 19[70] no.0480, signed by Horace Kadoorie as director, ornate border, black, framed and glazed, together with a very large iron screw press company seal, weighing some 20 kilos, attractive gold painting, very fine. (2) £80-100

166 Shanghai Power Company, first mortgage 51⁄ 2 % debenture, printed denomination, C$1,000, [1935], no.R12360, vignette of Shanghai harbour but with red overprint across the entire view, red and black, printed by the American Bank Note Co., good very fine. £60-80

167 Shanghai Power Company, first mortgage 51⁄ 2 % debenture, type-written denominations, a group comprising C$100, C$400, C$500 and C$1,000, vignette of Shanghai harbour but with red overprint across the entire view, red and black, printed by the American Bank Note Co., a couple with minor rust marks, very fine. (4) £200-250 37

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BONDS AND SHARE CERTIFICATES OF THE WORLD 168 Shanghai Telephone Company (Federal Inc. U.S.A.), 31⁄ 2 % cumulative participating preferred stock, 19[47], no.AP00367, ornate border, yellow and black, together with a series A temporary registered debenture, Shanghai 1932, green and black, the first with small tear at top edge, the second with several edge tears, very fine and fine. (2) £60-80

171 Union Electrique D’Indo-Chine S.A., a pair of certificates, 100 franc share and founder share without par value, not dated, no.068854 and 04339, oriental style border and underprinted map of China, brown and turquoise, and purple and yellow respectively, the first has had capital amount amended, both with coupons, about extremely fine. (2) £60-80

169 Shanghai Waterworks Company Ltd., certificate for “A” shares of £20 each, London register, 19[51], no.A2233, black, together with certificate for “C” shares of £1 each, London register, 19[46], no.C479, black on green paper, the last with repaired tear at bottom, the first very fine. (2) £60-80

INDIA

FRENCH INDO-CHINA

172 East India Company, a proof 3% bond for £300, 18(circa 1840), printed by Perkins, Bacon & Petch, engine turning at left, coat of arms top centre, black, damage at all corners from mounting, creased, fine but very rare. £150-200

170 Banque de Cochinchine S.A., 250 franc share, [1908], no.17703, vignettes of buildings at top, workers harvesting crops at bottom, black on red paper, together with S.A. Cochinchinoise Immobiliere, 100 franc share to bearer, 1929, no.041281, ornate border, green with yellow underprint, with coupons, and S.A. D’Exploitation de Phu-Quoc, 100 share to bearer, no.025557, photographic vignettes of coast and farmland, map in centre, black and orange, with coupons, very fine and better. (3) £150-180

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

(11) £150-200

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May 30, 2014 - LONDON 176 Bank of Madras, a proof certificate for one share of 500 rupees, 18- (circa 1898), scrollwork at left, black, printed by Perkins, Bacon & Co., capital 60,00,000 rupees, printer’s pencil annotation in centre for 1898, very fine. £120-150

JAPAN

174 East India Company, a proof 4% debenture for £1000, April 1858, printed by Perkins, Bacon & Co., scrollwork at top with arms of the company below, black, with coupons, printer’s annotation at bottom, has been professionally backed to support the fragile paper, small pieces missing at left and a little grubby, fine and very rare. £80-100

177 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. £60-80

175 Bank of Madras, a proof certificate for one share of 500 rupees, 18- (circa 1895), scrollwork at left, black, printed by Perkins, Bacon & Co., capital 50,00,000 rupees, printer’s pencil annotation in centre, some damage from mounting at left edge, about very fine £100-120 39

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178 Kawasaki Shipyard Ltd. (Kawasaki Zosen Jo K.K.), 10 shares of 500 yen, Taisho 10 (1921), no.17990, signed by Kojiro Matsukata as President, a very attractive certificate with vignettes of steamships, warships, aircraft, steam engine and motor car, blue and black, company logo at top, text all in Japanese, rust mark at top right, very fine and scarce. £200-300

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

(2) £80-100

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

PHILIPPINES

MALAYA 179 Batu Anam (Johore) Rubber Estates, Ltd., a group of 3 certificates for 1 tael shares, 19[13], numbers 1488, 1492 and 1493, all signed by E. Kadoorie as director, yellow brown printing, ink and punch cancelled, very fine. (3) £80-100 180 Cheng Rubber Estates, Ltd., pair of certficates for 1 Tael and 10 Candareen shares respectively, 19[24] and 19[32], no.536 and no.2382, capital restructure overprinted in red, both with monogram in centre, ornate border, brown and black, American style, printed by Colombian Bank Note Co., both extremely fine. (2) £80-100

183 Compañia General de Tabacos de Filipinas, founders share, Barcelona 1882, no.012660, large vignette depicting allegorical figures with cigars, brown and black, without secretarial signature, with coupons, extremely fine. £80-100

181 Samagaga Rubber Co. Ltd., 10 candareen shares, Shanghai 19[32] (2 examples), no. 4748 and 4764, both signed by E.S.Kadoorie as director, ornate border, green and black, extremely fine. (2) £80-100

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SIAM/THAILAND

184 Royal Siamese Government, 6% Sterling Loan, 1924, bond for £50, no.A140, very large format with coat of arms at top flanked bu vignettes of steam train at left and workers in field at right, brown and black, printed by Waterlow & Sons, red stripes and CANCELLED across face, light staining in left margin, good very fine and scarce. £150-180

186 Royal Siamese Government, 4% Sterling Conversion Loan, 1936, bond for £100, no.B6026, large format with coat of arms in centre, steam train at left, workers in field at right, mauve and black, printed

by Waterlow & Sons, with coupons, hole cancelled, very fine to extremely fine. £120-150

185 Royal Siamese Government, 6% Sterling Loan, 1924, bond for £100, no.B5105, very large format with coat of arms at top flanked by vignettes of steam train at left and workers in field at right, red and black, printed by Waterlow & Sons, red stripes and CANCELLED across face, some damp staining, light faded, very fine and scarce. £120-150

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AUSTRALASIA AUSTRALIA 187 A small group of Australian and New Zealand certificates: Leviathan Gold Mine Ltd., warrant to bearer for 20 shares, 1904, no.20, ornate border, brown, with coupons, together with The May Queen Hauraki Ltd, certificate for £1 shares, 189[0], no.295, decorative border of columns, black, Standard Exploration Company Ltd., certificate for £1 shares, [1900], no.7838, scrollwork at left, vignette of Lion drawn carriage under title, mauve, and Societe Forestiere Franco-Australienne, 100 franc share, 192[1], no.08451, ornate border, photographic vignettes of felled trees and flock of sheep at bottom, black and yellow, with coupons, all better than very fine. (4) £60-80 188 A group of Australian certificates, comprising Yarrangobilly Copper Mining Co. Ltd., Lobb’s Hole, Kiandra, 1873; Anaconda Copper & Silver Mining Co. Ltd., 1888; Pinnacle Group Silver Mining Co. Ltd., Silverton, 1888; Rising Sun Silver Mining Co. NL, Broken Hill, 1889; Webb’s Consols Silver Mining Co. NL, Emmaville, NSW, 1889; Broken Hill Proprietary Block 14 Co. Ltd., 1888; London & Western Australian Investment Co. Ltd., 1899, and, Associated Financial Corporation Ltd., 1901, mostly with faults of torn corners, staining or well circulated, fine to very fine, a few scarce. (8) £150-180 189 A very nice collection of New South Wales copper mining certificates (11), mostly early 20th century, comprising; Queen Bee Copper Mining Co., 190[8]; Queen Bee South Copper Mining Co., 19[07]; Crowl Creek Mining Co., 190[5]; Grafton Copper Mining Co. Ltd., 190[6] and 190[7] (2); Girilambone Copper Mining Co., 189[8] and 19[01] (2); Great Cobar North Ltd., 19[08]; North Cobar Ltd., 191[4]; Great Cobar Ltd, 19[13] and a specimen certificate, 19-, from the Bradbury, Wilkinson & Co. archive, generally very fine or thereabouts. (11) £150-200 190 A group of Western Australian mining and related certificates (10), comprising; Amalgamated Gold Mines Ltd., 190[1]; Associated Northern Blocks (W.A.) Ltd., 19[29]; British Colonial Mining Corporation Ltd., 189[8]; Conglomerate Goldfields of Western Australia Ltd., 190[1]; Cosmopolitan Proprietary Ltd., 190[6]; Cue Consolidated Finance Company Ltd., 19[00]; Cue Gold Mine Ltd., 189[6]; East Murchison United Ltd., [1899]; Golden Link Consolidated Gold Mines Ltd., 190[1] and Great Boulder Main Reef Ltd., 19[05], fine to very fine. (10) £180-220

191 A nice collection of Western Australian gold mining certificates (10), late 19th and early 20th century, comprising; Hampton Lands & Railway Syndicate Ltd., 189[6]; Hannan’s Proprietary Development Co. Ltd., 1896; Hannan’s Napier Gold Company Ltd., two pieces, 18[95]; King Solomon’s Gold Mines Ltd., two pieces, 1899; Lady Loch Gold Mines Ltd., two pieces, [1901] and [1902]; Loch Mines Ltd., [1905] and London & Western Australian Investment Co. Ltd., [1899], generally very fine or thereabouts. (10) £180-220 192 A lovely collection of Western Australian gold mining certificates (11), late 19th and early 20th century, comprising; Menzies Ltd., 19[00]; Menzies Consolidated Gold Mines Ltd., 189[8]; Menzies Lady Sherry Gold Mining Co., 1[902]; Mother O’Gold Consolidated Mines Ltd., Mortgage Debenture, 190[1]; North Boulder Gold Mining Co. Ltd., 190[2]; Town Properties of West Australia Ltd., 19[05]; Victorian Mining Co. Ltd., 190[1]; Western Australia Development Corporation Ltd., 189[6]; Westralia Ltd., 189[8]; Windsor Consolidated (W.A.) Gold Mines Ltd., [1901] and Woodley’s Gold Mines Ltd., [1900], share and £1 debenture, also [1900], generally very fine or thereabouts. (11) £200-250 193 A group of Australian mining certificates (12), comprising Brownhill Central Gold Mines Ltd., 1902 (2); Golden Link Consolidated Gold Mines Ltd., 1899; Ivanhoe Gold Corporation Ltd., 1907; Joker (Yalgoo) Gold Mines Ltd., 1896, piece missing at bottom right; Kalgoorlie Amalgamated Ltd., 1904; Mother-O-Gold Consolidated Mines Ltd., 1900; Phoenix Gold Mines Ltd., 1899; Standard exploration Co. Ltd., 1900; Westralia Mount Morgans Gold Mines Co. Ltd., 1903 and 1905 and Windsor Consolidated (W.A.) Gold Mines Ltd., 1904, together with a £50 First mortgage debenture of the New Zealand Midland Railway Co. Ltd., 1895, some folds, creases and spike holes, fine to very fine. (13) £200-300 194 A group of Broken Hill silver mining certificates (12), with some duplication, comprising; Rising Sun Silver Mining Co., £1 shares, 18[88] (5); Rising Sun Extended Silver Mining Co., £1 shares, 18[88] (4); Broken Hill South Extended S. M. Co., £1 shares, 188[8] and Bonanza Consols Silver Mining Co., two pieces, 5 shilling shares, 18[91], some with small tears and/or discolouration, generally fine, some better. (12) £200-300

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May 30, 2014 - LONDON 195 A collection of mostly Queensland Gold Mining companies (13), late 19th and early 20th century pieces comprising; North Columbia Extended Gold Mining Co. Ltd., 189[8], green/black; Alpine Gold Mining Company, 190[7], red and green; Australasian Mining Co. Ltd., 189[5], black; Australian Mines Agency Ltd., share warrant to bearer, 189[6], green and brown; Balmer’s United Gold Mining Co., 190[6], blue on pink paper; Cumberland Gold Mining Co. Ltd., 188[6], black on blue paper and 189[5], green; East Oriental & Glanmire Gold Mining Co. Ltd., 190[2], red; Etheridge Gold Mining Co. Ltd., 189[2], blue; Hydraulic Gold Recovery Co., 189[4], blue; Irvinebank Mining Co. Ltd., 189[1912], brown; Jubilee Consols Ltd., 189[8], blue and; North Queensland Development Syndicate Ltd., 19[04], black, generally fine to very fine, none with major damage. (13) £200-300

197 Bank of New South Wales, certificate for one share of £100 in the name of Samuel Terry, 18[32], no.750, small format piece printed in black on vellum, arms at left, handwritten endorsement on face, very fine and rare. £400-500 Founded in 1817. Acquired numerous other banks including the City Bank of Sydney in 1918 and Western Australian Bank in 1927. Itself absorbed into Westpac in 1982.

198 Anchor Tin Mine Ltd., a lovely group of four, comprising; £1 shares, part paid, 190[2], blue on blue paper; £1 preference shares, fully paid-up, 190[6], blue; £1 preference shares, part paid, 19[09], brown on yellow paper; and 5 shilling ordinary shares, part paid, 19[09], green, all with ornate border and anchor under title, all very fine. £80-100 196 Melbourne & Suburban Railway Co., £10 share, 18[59], no.10523, an attractive piece with vignette of surveyor and a navvy revealing a steam train crossing river bridge, map of route below, black on thick paper, embossed seal bottom right, good very fine. £120-150 Built a line from Melbourne City centre to Richmond, Burley and Hawthorn, later extending to Camberwell, Lilydale and Healesville by 1889. Acquired by Government controlled Victorian Railways.

199 Australian Cordillera Gold & Copper Mining Co., a pair of certificates for 10 and 20 shares of £1, both 185[2], decorative title, black, printed on linen, red serial numbers, both good very fine. (2) £80-100

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BONDS AND SHARE CERTIFICATES OF THE WORLD 203 Mount Costigan Lead & Silver Mining Co. Ltd., a small group, £1 shares, 188[8] and 188[9], some with capital of £37,500 crossed out and revised capital of £75,000 stamped above, fully paid-up, black with pink underprint (8), others have capital of 75,000 printed, part paid, overstamped with fully paid-up, black with green underprint (11), many have hand stamps on face and hand written markings, fine to very fine. (19) £200-300

200 British Australian Gold Mining Co., twenty shares of £1 each, fully paid, not dated but circa 1851, no.82461-82480, scrollwork at left side, black on blue paper, creased, small tears at right edge, fine to very fine. £80-100 201 Garibaldi Gold & Antimony Mining Company Ltd., £1 shares, 18[96], 2 examples, no.58 and no.57, ornate border, purple, together with 11 more Australasian mining certificates comprising: Lake View & Boulder Junction Gold Mines Ltd., £1 shares, 189[9], no.3555, brown; Progress Mines of New Zealand Ltd., £1 shares, 190[1], no.1278, blue; North Boulder Gold Mining Company Ltd., two certificates for 10 shilling shares, 189[9], no.8592 and 8690, blue; Oriental Extended Gold Mines Ltd., three certificates for 5 shilling shares, 1903, black; Great Lucknow Consols Ltd., £1 shares, 190[1], no.7482, green; Associated Financial Corporation Ltd., 5 shilling shares, 190[3], no.3701, black; Mount Morgan Developments Ltd., certificate for 100 shares of 2 shillings each, 19[35], no.4075, black/green; Colonial Proprietary Company Ltd., 5 shilling shares, 19[37], no.2480, green, condition generally very fine. (13) £200-250

204 Mount Perry Copper Mining Co. Ltd., £1 shares, fully paid-up, 187[3] to 187[5], numbered between 1105 and 1267 (14 examples), red, embossed seals, generally very fine. £200-250

205 New Pinnacle Group Silver Mining Co., a group of 25 certificates for 10 shilling shares, part paid, 189[7], nos.361-387 (some missing from sequence), maroon (24), and 10 shilling shares, fully paid-up, 189[7], no.5, red, hand stamp at top right (1), generally very fine and better. (25) £300-400

206 New Victory Tin Mining Company Ltd., £1 shares, 188[8], no.22, black with orange underprint, over stamped ‘paid up’ in centre, together with Stannary Tin Mining Co. Ltd., £1 shares, part paid, 18[88], no.87, black with red underprint, embossed seal and hand stamp to right side, both about extremely fine. (2) £60-80

202 Lake Bathurst Australasian Gold Mining Co., a pair of certificates for 10 and 50 shares of £1, fully paid, undated but circa 1851, numbered 8121-8130 and 34201-34250 respectively, a little ink smudging, fine to very fine and scarce. (2) £100-150 WWW.SPINK.COM

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210 Rawsthorne’s Gold Mining Co. Ltd., three certificates for £1 shares, part paid, 18[72], no.48, 49 and 50, decorative scrollwork to left, black with green underprint, pin holes at top left corners, otherwise about extremely fine. (3) £100-150

207 North Rhine Copper Mining Company of South Australia, five shares of £1 each, part paid, 185[8], no.9763, coat of arms under title, black, together with Great Northern Copper Mining Company of South Australia, five shares of £2 each, part paid, 1859, no.10522, decorative title, coat of arms under, green, and Paramatta Copper Mines Ltd., five shares of £1, warrant to bearer, 19[06], no.2428, decorative border, brown, text in English and French, revenue stamp to left side, with coupons, the first two with heavy creasing, about very fine, the latter very fine. £100-120

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

(7) £150-200 211 Société Forestière Franco-Australienne, a group of 39 certificates for 100 franc shares, Paris 192[1], floral border, photographic vignettes of felled trees and sheep, steamship in centre, turquoise and black, all with coupons, generally extremely fine but a few with edge damage. (39) £200-300

209 Port Phillip Gold Company Ltd., 5 shilling shares, 18[89], no.535, scrollwork at left, blue, printed by Waterlow & Sons, together with four more Victoria Mining certificates comprising; Hepburn Alluvial Mining Co. Ltd., 2 shilling shares, 190[4], no.1749, red; Loddon Valley Goldfields Ltd., £1 shares, 190[6], no.2650, blue/grey; London & Globe Deep Leads Assets Ltd., 4 shilling shares, [1903], no.1757, black, and; Toora Proprietary Tin Fields Ltd., 5 shilling shares, 191[3], no.381, ornate border with scrollwork, red, generally very fine or thereabouts. (5) £80-100

A French Company operating in Western Australia.

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NEW ZEALAND 212 Golden Pah (Hauraki) Ltd., bearer certificate for 25 shares of 2/6d each, 189[6], no.112, ornate border, mauve, text in English and French, with coupons, together with Tararu Creek Gold Mining Co. Ltd., 10 shilling shares, 189[7], no.641, ornate border, blue, stamped fully paid, and Blagroves Freehold Gold Mining Co. Ltd., shares for 2/6d each, fully paid, 189[6], no.2682, decorative title and ornate border, scrollwork at left, blue, the first almost extremely fine, others about very fine. (3) £80-100

CANADA

213 Anglo-Canadian Timber Company of British Columbia Ltd., a group of 6% debentures for £20 (10), £50 (9) and £100 (10), 19[11], large format pieces with vignette of horses dragging logs away from steam saw, ornate borders, green, red and brown with various colour underprints, with coupons, generally extremely fine. (29) £300-400

214 Fraudulent Claim of Hereditary Lands of Nova Scotia, un-issued bearer certificate for £20, 184[-], decorative piece with Royal Coat of Arms and Arms of the Alexander’s of Menstrie, black, extremely fine. £150-200 Alexander Humphrys claimed he was the descendant of Sir William Alexander of Menstrie who was granted a large part of Nova Scotia in Canada by King Charles I in the 1630’s. These shares were floated to finance this fraudulent claim, falsely involving the Bank of Scotland 215 Inverness Railway and Coal Company, 5% first mortgage Gold Bonds for $500, 1902 (2), vignette of steam train at top, green, with coupons, together with a large accumulation of other certificates, some duplication including; Magyar Városi Bank Részvénytársaság, 1923; “Unican” Société Anonyme á Bruxelles, 1911 (some only fine); British Canadian Lumber Corporation Ltd., 19[11/12]; Grand Trunk Railway Company of Canada, 191[7]; Chicago Railway Terminal Elevator Company, 1895; DeliBatavia Company, 1921; Brazil Railway Company, 19[12]; Rubber Company of Malay, 19[26]; Bintan Rubber Estste Ltd, 19[27]-19[30]; Pahang Consolidated Company Ltd, 19[37]-19[38]; Loengoer (Java) Rubber Ltd, 19[25]; Ferrocarriles Nacionales de Mexico, 1914; North Utah Mining Co. of Bingham, 19[06]; Grigsby-Grunow Company, [1932]; Tientsin-Pukow Railway, 1938; Mexnorwest Holding Company Ltd, [1930]; Mount Pleasant Resources Inc., [1986]; Consolidated Paper Corporation Ltd, [1937]; Greek Government Loan of 1928, 1933; Donohoe Kelly Banking Company, 19[29]; Compagnie Universelle de Canal Interoceanique de Panama, 1888 (these only fine), generally very fine or better unless stated. £120-150

216 Northern Light, Power & Coal Co. Ltd., a group of 10 certificates for 10 shares of $10 each, 19[09], lovely vignette of river and city scene with numerous factories, green, printed by Waterlow & Sons, with coupons, very fine to extremely fine. (10) £80-100

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EUROPE AUSTRIA 217 An interesting group of Austrian and AustroHungarian Empire certificates, including Ersten Donau-Dampfschiffahrts-Ges., 1926; SchieferolIndustrie-A-G, 1921; Ver. Drogen-Grosshandlungen G & R Fritz-Pezoldt & Suss, 1922; Hofherr-Schrantzclayton-Shuttleworth-Landwirtschaftliche MaschinenFabrik, 1926; Ersten Brunner Maschinen FabriksGes., 1937, and others including State Loans, Ralways etc. (23), generally about very fine, several better. (28) £80-100

BELGIUM

219 Compagnie des Installations Maritimes de Bruges S.A., 500 franc preference share to bearer, 1904, no.4382, attractive piece with full colour vignette depicting winged female on an anchor with column to right, smaller vignettes in border of landmarks and underprint of port at bottom, with coupons, together with Societe Belge D’Appareillage Electrique et Industriel A.E.I., 500 franc bearer share, 1928, no.6362, ornate border with vignettes of factory, winged wheels and columns, blue and yellow, with coupons and, Compagnie Minere et Metallurgique de la Haute-Italie, certificate for 4 shares of 125 francs each, 1906, no.7869-7872, ornate border, green with yellow underprint, with coupons (detached), very fine to extremely fine. (3) £60-80 x218 Compagnie des Installations Maritimes de Bruges S.A., 500 franc bond, Bruges 1909, no.4869, a beautiful certificate with three views of the city, coat of arms and winged allegorical female holding a large anchor, plan of the docks below, brown and blue, with coupons, uncancelled, extremely fine £60-80

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BONDS AND SHARE CERTIFICATES OF THE WORLD x222 Trust Colonial S.A., a group of 38 certificates for 100 franc share, Brussels 1899, together with one dividend share, 1899, allegorical figures, red, the dividend share, turquoise, all with coupons, generally very fine to extremely fine. (39) £80-100

BULGARIA

220 Le Combat Naval, 50 franc share, Brussels 1899, no.17422, very attractive piece with naval battle at bottom, warship at right, sailor to the left, blue, with coupons, extremely fine. £60-80

x223 Kingdom of Bulgaria, 71⁄ 2 % Stabilisation Loan of 1928, bond for $1000, no. 6530, vignette of allegorical female at top, mauve and black, printed by Bradbury, Wilkinson & Co., with coupons, heavy centre fold with slight splits at end, fine to very fine and scarce. £60-80

x224 Assenovetz Fabrique de Biere, 1000 leva share, Sliven 1921, no.1096, attractive design with hops at either side, ornate border, text in Bulgarian and French, with coupons, about extremely fine. £50-60

221 Société Anonyme des Usines Delin, 100 franc preference share, Louvain 1898, no.5468, very attractive piece with vignettes of automobile and cyclists at bottom, wheel and coat of arms at top left, green and pink, with coupons; together with Cie. Parisienne des Voitures Electriques (Procedes Krieger), preference share, Paris 1900, vignettes of early motor vehicles at left, brown and yellow, with coupons, very fine and extemely fine. (2) £80-100

225 Banque de Rose S.A., 100 Leva share, Sofia 1917, no.21421, large ornate piece with vignettes of peasants, picking crops, distillery and river scenes, blue with salmon pink underprint, adhesive revenue stamp, no coupons, very fine. £120-150

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226 Fabriques de Tabas Reunies Plovdiv, one share of 100 levas, plovdiv 1912, no.46, 597, large format piece in Art Nouveau style with Queen in the centre, scrollwork border, text in Bulgarian and French, brown and black, with coupons, centre fold with some foxing, a few chips around the edges, fine but scarce. £80-100

228 Société Balkanique Commerciale et Industrielle S.A., 100 Leva share, Sofia 1911, no.13312, very attractive piece with vignettes of steam traction engine and haymaking, with further industrial scenes at bottom, green, red, buff and black, with coupons, amateur repair to bottom left corner, very fine. £60-80

CROATIA

227 Napredek Bank, 100 leva share, 1918, no.061272, attractive piece with allegorical females at each side and vignette of mansion house under title, pink, green/brown and black, with coupons, together with Moderna Bad, 100 leva share, 1933, no.2748, blue and pink, with coupons, both good very fine. £60-80

229 Croatia: Karlovach Savings Bank, 200 kroner share, 1907, no.0525, lovely design of allegorical female overlooking a panoramic view of the town, beehive above her head, black with blue underprint, small hole cancels, very fine. £60-80 49

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CZECHOSLOVAKIA

DANZIG

230 City of Greater Prague, 71⁄ 2 % Mortgage Loan of 1922, bond for £100, no.4914, large format piece with coat of arms at top, green and black, printed by Bradbury, Wilkinson & Co., stamped with 1946 terms in red, with coupons, tear at left but very fine and rare. £100-120

232 Free City of Danzig, 61⁄ 2 % State Loan (Tobacco Monopoly), bond for £1000, no.D105, large format, City arms at top, brown and black, printed by Bradbury, Wilkinson & Co., with coupons, has been framed in the past, paper somewhat brittle with split at top right corner with archival repair, very fine, not cancelled and very rare. £200-300

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

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ESTONIA

233 Municipality of Danzig, 1925 7% Mortgage Loan, an unissued or possibly specimen bond for £500, not numbered and not signed, vignette of city view at top, large format, green and black, printed by Bradbury, Wilkinson & Co., with coupons, filing holes in left margin, very fine and rare. £150-200

234 Republic of Estonia, 7% Banking and Currency Reform Loan, 1927, a group of 29 bonds for £100, mostly ‘A’ series but including a few ‘X’ series, large format, city view at top, ornate border, blue and black, printed by Bradbury, Wilkinson & Co., with coupons, mixed condition, fine to very fine. (29) £600-800

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FINLAND

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

(10) £120-150 238 A small collection of mainly French certificates (28), many with vignettes, including L’Hippodrome, 1898; S.A. des Anciens Etablissements Bernard, 1921; Cie Parisienne des Taxautos Electriques, 1907; Tramways Electriques & de Voies Ferrees, 1899; Cinematographes Eclipse, 100 franc share and founders share, 1918 and 1907; Claridges Hotels, 1914 and Cie Maritime de la Seine, 1899, mostly very fine and extremely fine. (28) £150-200

235 Republic of Finland, 7% external loan sinking fund Gold Bond, SPECIMEN certificate for $500, 1925, ornate border, vignette at top depicting allegorical figures and coat of arms, brown and black, printed by the American Bank Note Co., with coupons, extremely fine. £100-120

FRANCE x236 A group of attractive French certificates, comprising Soc. Bretonne de Filature et Teinturerie de Laines, 500 francs, Quimper 1920; Groupement National de la Baie du Mont-Saint-Michel, 100 francs, Paris 1926; L’Hippodrome, ‘part benefiiciaire’, 1898; Etablissement Thermal de Forges-Les-Eaux, 100 francs, 1921, and, Compagnie Electrique des Tramways de la Rive Gauche de Paris, 100 francs, 1899, all are very attractive and well known issues with vignettes relating to their businesses, all are extremely fine. (5) £100-150

239 An accumulation of perfume and pharmaceutical certificates (30), mostly French and French Colonial but including U.S.A., Coty Inc, 1930 and South Africa, Durban Oil & Soap Co., 1902, French issues, of which there is some duplication, include, Savonnerie & Parfumerie par les Procedes Margoles, 1905; Savonnerie Modele du Midi, 1914; Les Parfums de Mury, 1930 and Morocco, Parfums Flora, circa 1925, generally very fine and better. (30) £80-100

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240 Anglo-French Company for the Manufacture of Artificial Sperm Oil (Fullers, Desgrand & Co.), bearer certificates for 1 share and 5 shares of 100 francs, no.71 and 5801-5, 1857, very attractive pieces with vignettes around border of steamship, steamtrain, factory, allegorical figures, scrollwork and coats of arms, text in English and French, black with olive green underprint, and black with yellow underprint, with coupons, slight damage at right edges, not affecting the design, otherwise extremely fine. (2) £80-100

242 Banque Coloniale et de Travaux Publics, 100 franc bearer share, no.015388, ornate border and vignettes of steam ship at port, docks, canal and factory and natives with camels, blue and green, with coupons, together with 15 more French colonial certificates comprising; Societe des Mines du Nord, 1888; La Kotto S.A., 1907; Compagnie Bordelaise des Comptoirs Africains; Compagnie Miniere des Petroles de Madagascar, 1925; Societe Miniere & Fonciere du Bandama, [1912]; D’elevage et D’alimentation de Madagascar, 1897; Societe Generale des Comptoirs Franco-Africains; Savana Societe Industrielle, Commerciale et Financiere, 1952; L’union Fonciere, 1896; Societe Auxiliare de la Regie des Alcools en Ethiope S.A.; and Compagnie Imperiale Chemins de Fer Ethiopens, 1899, very fine to extremely fine. (16) £100-120

241 Banque Centrale de Credit, 500 franc share, Paris 1882, allegorical figures at top and in bottom corners, black with yellow underprint, together with other early and decorative French pieces (4), Anglo-French Company for the Manufacture of Artificial Sperm Oil, one share, circa 1858; Cie des Abattoirs et Marches aux Bestiaux, 250 francs, 1860; Chemin de Fer du Midi, bond for 500 francs, 1865 and Cie Immobiliere de Paris, bond for 500 francs, all with coupons, the second with ink burn and edge tear, fine to very fine. (5) £80-100 243 Banque Industrielle Stéphanoise, 100 franc founder share, Saint-Étienne [1920], no.2853, columns with male and female figures at sides, coat of arms in centre, grey and pink, with coupons, good very fine. £60-80

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244 Banque D’escompte de Rouen, 500 franc share, Rouen 1883, no.316, of only 500 issued, beautiful vignette of city and dockside, allegorical females on plinths at either side, black, pale blue underprint, with coupons, extremely fine and scarce. £120-150

245 Café de la Paix, founders share, Béziers 1921, no.1281, 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, almost extremely fine. £350-400

245

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.

246 Caisse Nationale Française D’assurance Contre les Maladies, founder share without par value, 1913, no.0865, vignette within title depicting figure in hospital bed and angel with cornucopia, very ornate border, green, with coupons, good very fine. £60-80

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248 Cinema-Banque S.A., 100 franc share, Paris 1909, no.1363, attractive piece with allegorical figure at bottom and decorative border with coats of arms at sides, blue and brown, hand stamp top right corner, with coupons, extremely fine. £80-100

247 Canal de Richelieu, certificate for one share, Paris [1752], no.3405, attractive early piece with ornate caligraphy, black, a good plate impression, almost extremely fine. £300-400 Formed to cut a canal from the River Durance through to the Mediterranean which proved to be far too expensive and the project was abandoned after building just 4 kilometers.

249 Compagnie Auxiliaire des Chemins de Fer et Travaux Publics S.A., 500 franc bearer share, Paris 1889, no.4910, decorative border with female figure and wheel, cherubs and steam trains, blue and green, with coupons, about very fine. £60-80

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BONDS AND SHARE CERTIFICATES OF THE WORLD 254 Compagnie Générale Francaise D’Assainissement des Villes et des Communes, a group of 73 founders shares, Paris 1896, numbers 6501 to 6573, ornate border, black and green, with coupons, all with revenue stamps but some have not been signed by the administrator, apart from the top piece they are extremely fine. (73) £80-100 255 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) £200-250 250 Compagnie Départementale d’Énergie Électrique S.A., 100 franc bearer share, Paris 1912, no.09896, ornate piece with columns and female figure with light bulbs, blue and green, with coupons, very fine. £80-100 251 Compagnie des Claridges Hotels, a group of 3 certificates for 100 franc share, Paris 1921, classic design of steam train and steam ship, red, blue and yellow, with coupons, good very fine. £60-80 x252 Compagnie des Claridges Hotels, a group of certificates for 100 franc shares, 19[14] and 19[19], capital 1,000,000 francs and 1921, capital 7,500,000 francs (4 examples), multicoloured piece with steamship at left and steam train at right, red and yellow, with coupons, one of the 1921 is badly damaged, the remainder very fine. (6) £60-80

256 Compagnie Maritime Valery Freres et Fils, a pair of certificates, bond for 500 francs and 500 franc share, Paris 1878 and Bastia 187[2], different designs but both with ornate borders including sailing ships, coastal scenes and decorative scrollwork, pink adhesive stamp on face, the first has numerous hand stamps also, black and green, and black on buff respectively, both fine to very fine. (2) £150-200

253 Compagnie Générale Immobilière, 1250 franc share, Paris 1855, no.304, lovely ornate border of winged figures, cherubs, mermaids and town scenes, black, green and red, ‘au porter’ blocked out and name and details of owner stamped/hand written at bottom, small hole to left side, fine. £80-100 WWW.SPINK.COM

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259 Crédit Rural de France S.A., 500 franc share, Paris 187[0], no.35970, attractive piece with border of vignettes depicting allegorical figures, crop harvesting and agricultural tools, grey/green, with coupons, about extremely fine. £80-100 260 Docks Bragards Alimentation Générale S.A., 10 founder shares of 100 francs each, Saint Dizier 192[2], no.2531-2540, decorative border with steam ship and palm tree in bottom corners, coat of arms top centre, brown and buff, very fine. £60-80 257 Consolidated Land Company of France Ltd., debenture for £20 or 500 francs, 186[8], no.A2002, large format, vignette of eagle on globe under title, grey/black printing, text in English and French, with coupons, good very fine. £60-80

261 Etablissements Firmin-Didot et Cie, 6500 franc share, Oaris [1875], no.546, of only 740 issued, attractive gold and blue printing with beige underprint, of lovely quality, presumably by the company itself, good very fine and rare. £80-100

258 Crédit de France, 500 franc bearer share, Paris 1880, no.72, attractive piece with extremely ornate border, cherubs in each corner, brown with pale green underprint, with coupons, very fine. £80-100

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BONDS AND SHARE CERTIFICATES OF THE WORLD 262 Forges et Fonderies D’Imphy S.A., 25,000 franc share, [1838], no.109, wavy left edge, black, liquidation details 1855-1857 attached to front, ink cancelled, very fine and scarce. £60-80 263 La Coopération, a pair of certificates, founders share and 100 franc share, Paris 190[1] and 190[3], no.12907 and no.03610, art nouveau style borders with mounted statue at top centre, black with green and black with blue respectively, both with coupons, very fine. £60-80

266 Mourier S.A., 100 franc ‘B’ share, not dated but circa 1927, no.019020, attractive piece with ornate border, underprint vignette depicting men with huskies and sledges, brown and green, stamp with increased capital to right, with coupons, extremely fine. £60-80

264 La Réparation, 500 franc share, Paris [1882], no.1366, ornate piece with border including fire fighters and fire fighting scenes, black and peach, several hand stamps on front, dividend coupons printed on reverse, very fine. £150-200 265 Lubrifiants Massilia-Avion, 100 franc bearer share, not dated but circa 1927, no.020772, ornate border with underprint vignette of aeroplane, blue and peach, together with Ecole Nationale Aviation, founders share, Lyon [1911], no.001261, very intricate border and underprint vignettes of various aircraft, black and pink, both with coupons, both extremely fine. £60-80

267 Paris-France S.A., 500 franc share, Paris 1920, no.18120, very large and attractive vignette of female figures with beehive, anvil and other tools with art nouveau border, designed by Mucha and signed by him at the lower left, blue and green, with coupons, hole cancelled, heavy centre fold and some edge tears, good fine. £200-300

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271 Société Angevine des Industries Foraines, 500 franc share, not dated but circa 1898, no.0546, large vignette with ‘cast’ appearance of female figure with torch, shield, river and town behind, ornate border, blue/green, with coupons, almost extremely fine. £60-80

268 Pharmacie Centrale de France, nominative share for 500 francs, Paris 18[82], no.9997, an ornate piece with allegorical females surrounded by pharmaceutical items and tools, cherubs beside plaque at bottom, bordered by archway with company seal in centre, black on buff underprint, split at folds, otherwise about very fine. £60-80 269 Raffinerie de Honfleur, 500 franc share, Honfleur 1872, no.440, lovely piece with very ornate border including cherubs and scrollwork, sailing ships on sides and bottom, coat of arms at top, black and buff, with coupons, slight discolouration to edges, good very fine. £60-80

272 S.A. André Citroën, bearer share, circa 1927, no.104243, art deco style piece with chevrons and motor cars, blue and silver, with facsimile signature of Andre Citroen, together with 1 tenth 31⁄ 4 % bond for 1000 francs, ornate border of chevrons and underprint of Citroen badge, red, both with coupons, very fine. £80-100

270 Royat Palace Hotel, 500 franc share, 1910, no.1311, attractive piece with large hotel in centre, ornate border, pink and black, with coupons, extremely fine. £60-80

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x273 S.A. de L’Exposition Religieuse Internationale de 1900, bond for 20 francs, 1900, with the benefit of 20 admission tickets to the exhibition and drawing in the lottery for a 40 franc prize, a beautiful certificate designed by Alphonse Mucha with huge and haunting vignette of thousands of spectators looking down on St.Peter’s church in Rome with winged angel rising from the ground, tickets and text to the left, black with blue underprint, small edge tear but almost extremely fine and rare. £200-300

274 S.A. Des Hydroglisseurs “De Lambert”, 500 franc share, Nanterre [1920], no.1155, attractive piece with large vignette depicting hydrofoils (airboats) on backwaters at bottom, ornate border with rushes and scrollwork, brown and green on buff, signed by Charles de Lambert, with coupons, very fine. £150-200

275 Société des Eaux Minérales de Pardina, 500 franc share, Marseille [1889], no.16, attractive piece with female figure pouring water from vase at bottom left, ornate ‘tiled’ style border, black and brown, embossed seal bottom right, extremely fine. £80-100

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276 S.A des Eaux Minérales et Établissements Thermaux de Martigny-les-Bains, 100 franc share, Martigny -les-Bains 189[8], no.19665, beautiful piece with individual vignettes depicting ‘L’Hôtel International’ at top, thermal springs at each side and interior of the hotel at bottom, extremely ornate border, brown/gold, with coupons, good very fine. £80-100

279 Société de Produits Céramiques de St.Henry, 100 franc founder share, Marseille 190[1], no.3241, very attractive piece with vignette of allegorical female with ceramic vase, factory buildings and site in background, scrollwork at corners, black, buff underprint, with coupons, extremely fine. £60-80

280 Société des Biscuits Olibet S.A., a pair of certificates, nominative certificate for 1 founders share, Suresnes [1899], no.08775, and 100 franc bearer share, Suresnes 1898, no.02541, very attractive pieces with vignettes of ploughing, cutting and gathering wheat, and factory producing biscuits, blue and brown respectively, both with coupons, about extremely fine and very fine. (2) £100-120

277 S.A. des Eaux Minérales Naturelles de VichyCusset, 100 franc share, Paris 191[0], no.1450, lovely art nouveau design of classically dressed females gathering spring water, panorama of the ‘Source des Fees’ across top, blue and green, with coupons, extremely fine. £80-100 x278 S.A. Petit Journal, a group of 27 certificates for one share of 500 francs, 1896, attractive border with printing press, allegorical figures, dockside views, ploughing etc., black, yellow underprint, with coupons, generally very fine and better. (27) £80-100

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281 Société des Rizeries Parisiennes, a pair of certificates, 100 franc share and founders share, Paris 1917 and 1915, nos.12366 and 2456, attractive pieces with vignette of mill/factory buildings top centre, four further vignettes at bottom edge depicting mill workings, border of dragons, blue and green, and black and peach respectively, both with coupons, both very fine to extremely fine. £80-100 282 Société des Sucreries Françaises S.A., 100 franc bearer share, Paris 1918, no.007059, illustrative border with sugar refinery worker to left, crop gathering bottom right, and sugar beet, navy blue and green, with coupons, good very fine. £80-100

283 Société Générale des Automobiles Porthos, 100 franc share, Paris 1905, no.0619, very attractive piece with art nouveau style border including male and female figures, winged figure with wheel at top, further vignette of motor car at bottom, green/blue, stamps at top right corner, with coupons, extremely fine. £140-180

284 Société Générale des Automobiles Porthos, 100 franc share, 1907, no.04533, very attractive piece with art nouveau style border including male and female figures, winged figure with wheel at top, further vignette of motor car at bottom, green and yellow, stamp at top right corner, with coupons, extremely fine. £140-180 285 Societe Generale des Cinematographes Eclipse S.A., a group 7 certificates for founders share, Paris 1902, lovely design with London’s Tower Bridge, Notre Dame, Sphinx, Indochine scene and allegorical female, orange & black, stamped endorsements on face, with coupons, generally extremely fine. (7) £80-100

x286 Société du “Maréorama Hugo d’Alesi”, 100 franc share, Paris 1899, no.1344, 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. £80-100 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.

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287 Société Phonographes & Cinématographes “Lux”, a quantity of certificates for 100 franc shares, Paris 1908, 13 examples, very attractive piece with phonograph at bottom left, projector at bottom right and allegorical figures with script and mirror, Statue of Liberty bottom centre, brown, hand stamps on face, with coupons, about extremely fine. (13) £120-150

GERMANY

290 City of Munich 6% Sterling Loan, 1953, a group of 40 registered bonds for £100, countersigned by Lazard Brothers and also the authorised agent, large format with arms at top, ornate border, blue and black, printed by Waterlow & Sons, not cancelled, all extremely fine or nearly so. (40) £300-400

288 A small collection of mostly German certificates (37), including Neue Zoologische Gesellschaft Frankfurt, 1872, damaged at top right corner; ActienBauvereins Passage, 1870; Volksbade-Anstalt Neuss, 1895; Textilwerk vormals E. Matthes & Co. in Dusseldorf, 1896; Sachsische Bank zu dresden, 1870 and Deutscher Offizier Verein, 1884, some with missing coupons and some with condition problems, fine to very fine, some better. (37) £200-300 289 Conversion Office for German Foreign Debts, 3% Dollar Loan, bonds for $100 and $1000, 1936, vignette at top, blue and orange respectively, with coupons, together with 1930 51⁄ 2 % international loan, bond for 1000 Reichsmarks, ornate border, dark green, pink underprint, no coupons, all uncancelled, very fine to extremely fine. (3) £80-100

291 Hamburg-Amerikanische Packetfahrt-A-G (HamburgAmerika Line), 100 Reichsmark share, Hamburg 1932, no.422579, ornate border, blue and black with yellow underprint, with coupons, good very fine and scarce. £100-150

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GREECE 292 Greece, an interesting group of Government bonds, comprising 1884 5% Loan, £20 (2), 1914 5% Loan, 500 drachma bonds (2), 1924 7% Refugee Loan, £100 bonds (4, 2 endorsed with new plan of repayment), 1928 6% Stabilisation Loan, £100 bond, together with National Bank of Greece, 7% mortgage Loan, 1927, £100 bond, Piraeus Athens Peloponnesus Railway Co., 6% First Mortgage bonds for £100 and £500, and other bonds mostly from Eastern Europe and Russia (14), mixed condition, fine and very fine.

(26) £150-200 293 Kingdom of Greece, 5% Loan, 1900, a group of 4 bonds for 100 drachma, dated Athens 1901, large format with Greek arms at top, architectural columns, head of Zeus in medallion at bottom, black, with coupons, extremely fine. (4) £60-80

295 Suburban Railway Co., certificate for 5 shares of 100 drachma, Athens 1883, vignette of 0-6-0 locomotive and tender at top, blue and black, printed by Bradbury, Wilkinson & Co., with coupons, about extremely fine and scarce. £60-80

294 Piraeus-Athens-Peloponnesus Railway Co., 4% Loan, 1912, a group of 7 bonds for 500 francs/£20, Athens 1912, very large format piece with vignette of steam engine and tender, ornate border, green, text in French, Greek and English, with coupons, a few edge nicks and ragged edges but the body almost extremely fine. (7) £80-100 The company was declared insolvent in 1940 and its assets credited to the State.

296 M & H. Klonaridis Ltd., a bearer certificate for 20 shares of £1, London 1909[1911], no.5267, a large format piece with attractive vignette of the Athens Brewery top centre, brown, text in English and Greek, with coupons, good very fine. £80-100

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HUNGARY 299 Hungarian Consolidated Municipal Loan, 71⁄ 2 % secured sinking fund Gold Bond for $1000, 1925, no.M5004, attractive piece with ornate border, vignette at top depicting seated woman on throne surrounded by offerings, city and steam train in background, green and black, text in English and Hungarian, printed by Waterlow & Sons Ltd, with coupons, extremely fine. £60-80

297 Soc. des Usines du Laurium, certificate for 1 share of 20 francs/200 drachma, 1873, no.80994, vignette of the town of Lavrio (Laurium) on the Greek coast, green with yellow underprint, printed by Waterlow & Sons, top right corner tip removed, good fine and rare. £60-80

300 Hungarian Consolidated Municipal Loan, 7% secured sinking fund Gold Bond for $500, 1926, no.D1170, attractive piece with ornate border, vignette at top depicting seated woman on throne surrounded by offerings, city and steam train in background, yellow and black, text in English and Hungarian, printed by Waterlow & Sons Ltd, with coupons, better than very fine. £60-80 301 Hungarian Consolidated Municipal Loan, 7% secured sinking fund Gold Bond for $1000, 1926, no.M0849, attractive piece with ornate border, vignette at top depicting seated woman on throne surrounded by offerings, city and steam train in background, red and black, text in English and Hungarian, printed by Waterlow & Sons Ltd, with coupons, extremely fine. £60-80

298 Soc. Hellenique de Vins et Spiritueux, 10 shares of 100 drachma, Athens 1924, no.120291-120295, ornate classical border with cherubs crushing grapes, vine leaves, pressing and distilling apparatus, black with yellow underprint, text in French and Greek, with coupons, centre fold otherwise extremely fine. £60-80

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ICELAND

302 Budapest General Electricity Co., 200 Kronen bearer share, Budapest 1894, no.016998, female figure holding large lightbulb at left side, text in Hungarian and German, blue and black, two hand stamps to right side, with coupons (detached), good very fine. £100-120 303 Füszerkereskedök Áruforgalmi Részvénytársasága Pécs, 100 pengöröl share, 1925, allegorical figure with winged helmet at left, black/brown with green underprint, with coupons, together with Ville de Budapest – 4% bond, ornate border, vignettes of house in mirror image on either side, green and black, adhesive and hand stamps on face, with coupons, fine and very fine respectively. £60-80

x305 Hlutafjelagid Eimskipafjelag Islands (Iceland Steamship Co. Ltd.), 25 kroner share, series A, Reykjavik 1914, no.3926, large format piece with vignettes of steam trawler and figures from Icelandic history, including Leif Ericson (Leifur heppni), map of Iceland in underprint, blue, black, red and orange, yellow underpint, very fine. £80-100

304 Hungary: Lloyd Bank AG, a group of 20 certificates for 1 share of 400 kronen, Budapest 1923, large and attractive pieces with cherubs around border, red and black, text in Hungarian and German, with coupons, mostly very fine to extremely fine. (20) £200-300

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ITALY

MONTENEGRO

307 Government of the Principality of Montenegro, certificate for 5% Loan bond for £20, 1909, no.5460, beautiful ornate border with scrollwork, vignette of woman wearing laurel wreath top centre, text in English and French, black and blue with pink underprint, printed by Waterlow & Sons Ltd., with later coupons, extremely fine. £100-120

306 Genoa and District Water Works Co. Ltd., a group of 19 first mortgage debentures for £20, 1913, all signed by W.J.E. Binnie as director, large format piece with attractive vignette of Genoa harbour with lots of ships, red and black, text in English and Italian, printed by Bradbury, Wilkinson & Co., with coupons, about extremely fine. (19) £400-500

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NORWAY

PORTUGAL

308 Ringnes Bryggeri, 2000 kroner share, Christiania 1899, no.983, ornate border, green and black, pink underprint, several endorsements re-valuing the shares, the last in 1970, with coupons, cancelled, good very fine. £60-80

309 Telemarken Copper Mining & Smelting Company Ltd., a pair of bearer warrants for 1 and 5 shares of £1, 1906, no.99603 & 15747, very large format each with 3 photographic vignettes of the camp, buildings and offices, red and brown with pale green underprint, with coupons, tiny split at centre fold on the 5 share, very fine to about extremely fine. (2) £60-80

POLAND

311 Lisbon Royal Treasury, 6% loan, 1797, certificate for 52, 200 reis, n.19057, a printed document, holders name and amount inserted by hand, with Portuguese revenue stamp at top, black, 4 pages, handsigned, fine to very fine. £80-100

310 Republic of Poland, 20-Year 6% Gold Loan of 1920, pair of bonds for $100 and $50, crowned eagle at top, ornate border, text in English and Polish, blue and green respectively, blue overprint of reduced interest and extended terms, 1938, with coupons, the second with some water damage at bottom, good very fine and about very fine. (2) £100-120

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312 Compagnie des Chemins de Fer Portugals, 100 franc preference share, Lisbon 1932, no.00172, a series of steam trains at top with coat of arms in centre, border of railway signals, brown with pale green underprint, text in Portuguese and French, made out to bearer, numerous hand stamps at top, good very fine. £60-80

313

313 Lisbon Electric Tramways Ltd., a pair of certificates for 10 and 25 shares of £1, 190[5], no.C0695 and 190[6], no.D8947, very large format pieces with vignettes of allegorical figures with tramways in background, yellow and blue respectively, printed by Waterlow & Sons, with coupons, hole cancelled, very fine. (2) £100-150

314 Aguas de Valle de Cavallos e Parede, one share of 50 reis, Lisbon 191[6], no.1347, large format, several vignettes of the water company’s property, brown and yellow, 4 pages, very fine. £120-150

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BONDS AND SHARE CERTIFICATES OF THE WORLD 316 Cia. Central Vinicola de Portugal, 100 escudo share, Lisbon 19[20], no.17, decorative border, shield to left of title, blue and yellow, printed and embossed seals at bottom, very slight discolouration at bottom and top edge, very fine. £60-80 317 Cia. De Seguros A Colonial, 100 escudo share, Lisbon 191[6], no.1387, beautiful scrolled border with inset vignettes of factory, steam train, steam ship and crops, black and blue, pale peach underprint, hand stamps at bottom, good very fine. £60-80

315 Associaçáo de Juventude Israelita “Hehaber” Centro Israelita de Portugal, 500 escudo share, Lisbon 19[48], no.26, unusual piece with bold graphic border and illustration of youths with large sign, brown blue and gold, without presidents signature, good very fine, and very rare. £200-250

318 Companhia das Aguas de Lisboa, bond for 500 escudo, Lisbon 1937, no.002:410, attractive piece with vignette of river bridge at top, ornate floral border, blue, embossed seal at right, good very fine. £60-80

316

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May 30, 2014 - LONDON 319 Companhia de Minas e Fundicao de Chumbo de Santa Eufemia e Outras, a group of 29 certificates for 54 reis shares, Lisbon 188[2], vignette of mine buildings and railway in centre, black with green underprint, some have ragged edges, paper a little brittle, mostly fine to very fine. (29) £250-300

x321 Fabrica de Faianças das Caldas da Rainha, certificate for one share of 20$000, Lisbon 1884, no.2078, 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 at top and bottom, good very fine. £600-800 320 Companhia Nacional de Viacão e Electricidade, 10 shares of 25 escudos each, Lisbon 19[20], no.0111101120, very large and attractive vignette at top depicting female figure with light bulb beside sphinx, waterfall, tramway and factory in background, red and brown, very fine. £120-150

322 Mipoli Minas de Ponte do Lima, 1000 escudo share, Ponte do Lima 19[48], no.0609, border of column and rope, coats of arms at top corners, seals at bottom, underprint vignette of the town, brown, very slight edge discolouration, almost extremely fine. £60-80

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BONDS AND SHARE CERTIFICATES OF THE WORLD 323 Sociedade Comercial Ultramarina, bond for 100 escudos, Lisbon 1924, no.4010, illustration of shields and towers at top, brown, printed seal bottom left, with coupons, about extremely fine. £60-80

325 Triunfo Companhia de Seguros, 50 escudo share, Porto 19[17], no.625, figure with spear on horseback at top left, ornate border, black and gold, gold underprint, embossed seal bottom right, almost extremely fine. £60-80 324 Sociedade Uniáo Eborense, bond for 2 reis, 1895, no.48, unusual piece with illustration of three playing cards at top centre, border of roulette balls and cards, black, red, blue and yellow, printed on thick paper, embossed seal at bottom left corner, almost extremely fine. £200-250

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ROUMANIA

327 Kingdom of Roumania Monopolies Institute, Stabilisation and Development Loan, 1929, a group of 6 bonds for £100 each, large format pieces with vignette of Bran Castle (one of the several locations for the Count Dracula legend), blue and black, with coupons, not cancelled, generally very fine and better. (6) £60-80

326 Kingdom of Roumania 4% Consolidation Loan 1922, bonds for £1000, £500 and £100 (3), vignettes of peasant driving oxen at top, ornate border, green, purple and brown respectively, text in English, French and Roumanian, with coupons, together with Kingdom of Roumania Monopolies Institute Stabilisation and Development Loan 1929, bond for £100, large format piece with vignette of Bran Castle (one of the several locations for the Count Dracula legend), blue and black, with coupons, not cancelled, generally about very fine, one of the £100 with very minor edge damage. Some scarce. (6) £150-180

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330 Banca Comertului S.A., 2500 lei share, Craiova 1928, no.127636-127640, attractive piece with painterly border depicting female figures with children and cherubs, green/black, hand stamp bottom right, with coupons, very fine. £60-80

SERBIA

328 “Astra”, 5000 lei share (10 shares of 500), Bucharest 1925, no.028651-028660, trio of vignettes depicting train passenger carriage at top, oil tanker carriage and bridge, ornate border, brown and green, hand stamps at top, with coupons, very fine. £60-80

x331 A small group of Serbian certificates comprising, Homolje Investment Bank, certificates for 1 share and 10 shares of 100 dinara, 1928, very pretty multicoloured designs with vignettes in each corner; Pec Merchant-Industrial Bank, 10 shares of 250 dinara, 1924, panoramic vignette of the town, multicoloured, and, Ohrid Joint Stock Fishing Company, 750 dinara share, 1924, fish left and right, fishing boat at bottom and factory at top, all with coupons, good very fine to extremely fine and a colourful lot. (4) £60-80 332 Serbian-American Bank, a pair of certificates for 1000 and 5000 dinar, 1922, both with ornate borders with silhouettes inset, intricate multicoloured underprints, blue and yellow, and peach and green (predominantly) respectively, the second in a larger format with hand stamps to top edge, both very fine. £80-100

x329 Banca Centrala, certificate for 10 shares of 250 lei, Cluj 1920, no. 187221-187230, multicoloured borders, Cluj view at top centre and eagle with globe, very fine. £60-80

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SPAIN

333 Companhia del Pozo Rico, 100 peso share, circa 1768, no.2602, scrollwork at left, black, French style piece with certificate and 6 dividend coupons printed above, some wear and small holes at folds, fine to very fine. ÂŁ3,000-4,000 The company was formed in 1768 and financed by French capital, hence the design.

The rich silver mines of Pozo Rico at Guadalcanal, Seville, were well known since the 16th century and rivalled some of the mines in the Spanish Colonies in South America. Owned at various times by different companies, this one lasting but 10 years even after employing an experienced mining engineer, Juan Martin Hoppensack in 1775. He was later to form yet another company in 1795 to exploit the mines.

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BONDS AND SHARE CERTIFICATES OF THE WORLD 334 Carthagena & Herrerias Steam Tramways Co. Ltd., a group of 20 registered debentures of £100, 1907, numbered 519 to 538, ornate border, black, impressed red revenue stamp, very fine to extremely fine. (20) £100-120

335 A good pair of associated mining certificates, comprising Sociedad Minera titulado Desencano, Barcelona 1850, no.204 and Sociedad Minera titulada Dudosa, Barcelona 1850, no.130, both with attractive mining vignettes, attractive borders, all officials signatures are the same for both companies, black with yellow and orange underprints respectively, very fine to extremely fine. (2) £80-100

336 Cia. De las Minas y Fundiciones de Zubelzu, a pair of certificates, founder share and 50 peseta share, Zubelzu 1913, no.002857 and 004976, attractive pieces with two vignettes of factory workings, ornate border with factory building at top and landscape at bottom centre, brown and blue/green respectively, both with coupons, slight edge damage to latter, otherwise very fine. (2) £60-80 337 Compañia Barcelonesa de Electricidad, bond for 500 pesetas, Barcelona 1908, no.003856, illustrative border with electrical generator and street lamp at left, green and black with peach underprint, hole cancelled, very fine. £60-80 338 Compania Madrilena de Urbanizacion, 500 peseta share, Madrid 190[7], no.1359, signed by Arturo Soria, founder and director of the company, intricate border of fine scrollwork, red, yellow and black, with coupons, extremely fine. £50-60 The company built and operated both steam and electric tramway lines.

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May 30, 2014 - LONDON 341 Hilaturas Navarro - Cabedo S.A., 5000 peseta share, Valenci 1927, no.0699, fabulous large design

by Marco Perez of various scantily clad figures by giant spider’s web, bull and tree, printed in gold and black, the remainder brown with yellow underprint, with coupons, has been lightly trimmed but otherwise about extremely fine and scarce. £200-300

342 Minas y Ferrocarril Utrillas S.A., 500 peseta share, Zaragoza 1902, no.003809, vignette in centre with winged wheel, shields, miner’s lamp and steam engine, ornate border, embossed seal bottom centre, black and red with olive underprint, with coupons, very fine. £60-80

x339 Editorial La Nacion S.A., nominative share for 1000 pesetas, series A, Madrid 1925, no.125, huge vignette designed by A. Sauri Sires in Art Nouveau style, brown, about extremely fine. £80-100

x343 Parques y Edificaciones S.A., 500 peseta share, series B, Barcelona 1919, no.000623, signed by the artist Josep Obiols (1894 - 1967) in 1919, attractive design of reclining females and cherubs with potted plants, brown and buff, with coupons, near extremely fine. £60-80

340 Higinio Blanco Bañeres S.A., 1000 peseta ‘series A’ share, Barcelona 1951, no.006762, very bold illustrative border with carpet weaving at top centre, black and brown, hand stamp in bottom right corner, with coupons, extremely fine. £60-80

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BONDS AND SHARE CERTIFICATES OF THE WORLD 344 S.A. Bodegas Bilbainas, 500 peseta share, Bilbao 1970, no.111411, attractive piece with border of grapevines and classically dressed woman with wine bottle and glass, black and green, with coupons, together with Eléctrica de los Pontones, 500 peseta share, Albacete 19[21], no.1720, decorative title with winged female and light bulbs, blue/grey, with coupons, both about extremely fine. (2) £60-80 345 Sociedad de Aguas y Mejoras de Alcácer, 500 peseta share, Valencia 1929, no.147, lovely illustration of female figure with plans and cherub pouring water, grey and orange, together with Aguas Potables de Alcazar de San Juan, 50 peseta share, Alcazar de San Juan 1932, no.002421, decorative title including vignette of armoured man and caged lion, ornate border, dark blue and green, with coupons, extremely fine and about very fine respectively. (2) £80-100

346 Sociedad de Minas La Estrangera, certificate for one share, Murcia 1854, no.62, 3rd quarter, attractive and somewhat typical design with ornate scrollwork border, mining tools at top, windlass at bottom, black, 4 pages, about extremely fine. £60-80

347 Sociedad Espanola de Combustibles Liquidos y sus Derivados S.A., 500 peseta preference share, 1927, no.02060, vignette at top depicting female figures with oil derrick, ships, aeroplanes and motor vehicles behind, brown, together with 11 more Spanish certificates comprising; La Carbonera Metalurgica Española, 1873; Sociedad Inmobiliaria del Nuevo Barrio De Atocha en Madrid, 1963; Sociedad de los Ferro-Carriles Madrid a Cáceres y a Portugal, 1881; Spanish Minerals Development Ltd., [1906] and [1905]; Tranvia ó Ferrocarril Económico de Manresa á Berga, 1902; Banco Regional de Igualada, 1881; Barcelona Traction, Light and Power Co. Ltd., 19[23]; Compañia de Construcciones Hidraulicas y Civiles S.A.; Compañia General de Coches y Automoviles S.A., 1910; and Islas del Guadalquivir S.A., 1926, generally very fine, some better. (12) £80-100

348 Sociedad Española de Azufres, 250 peseta share, 4th issue, Barcelona 1883, no.6100, very attractive piece with detailed vignette of steam engine, various tools and presumably the Queen of Spain. An ornate flag spreads across the whole width of the piece and bears the title of the company, black, pink underprint, with coupons, very fine. £60-80

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SWEDEN

350 A-B Hassleholms Flyghamn, 100 kroner share, Hassleholm 1920, no.391, attractive and unusual piece with vignettes of early bi-plane, airship and seaplane, ornate border, mauve, with coupons, extremely fine. £80-100 x351 Gotha Canal, 100 riksdaler share, Stockholm 1833, 1888 reissue, no. 276, and no.275 allegorical figures with canal boat and lock in background, black, 4 pages, both with cancelled coupons from the 1960’s, the second with cut into back page, very fine. (2) £60-80

349 Sociedad Minera La Amistad, certificate for one share, Madrid 1852, no.17 - 3rd quarter, typical early Spanish design with ornate border with mining tools and windlass, several company articles are also reproduced within the border, black, 4 pages, good very fine. £60-80

352 Swedish Iron Rolling Stock & Implement Works Ltd., £20 shares, 187[4], 2 examples, no.00952 and no.00950, decorative title, ornate border and scrollwork to left, purple, good very fine. (2) £60-80

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SWITZERLAND

YUGOSLAVIA

353 S.A. Des Mouettes Genevoises, 100 franc share, Geneva, not dated but stamped in 1912 and 1943, no.241, attractive piece with vignette of tourist boat on lake, ornate border with seagulls and water lilies, shield at bottom, green/black, very fine. £60-80

354 Kingdom of Yugoslavia, SPECIMEN 5% funding bond for $100, 1932, ornate border with scrollwork in top corners, royal arms at top, orange and black, printed by the American Bank Note Co., with coupons, extremely fine. £60-80

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GREAT BRITAIN & IRELAND GOVERNMENT FINANCE 355 Early Exchequer Receipt of Payments by the Sheriffs for the City of Gloucester, 1653, addressed to Thomas Fauconbridge - Receiver General of the revenues, signed by Robert Wilson and Thomas Shadwell on behalf of Oliver Cromwell’s Government Exchequer in London, very fine. £250-300

356 Receipt, August 1658 for £9.12.11d, being a fine levied by “Commissioners appointed by his Highness” (Oliver Cromwell) under the Act for “preventing the multiplicity of buildings”, black printing with manuscript insertions, trimmed and some surface dirt, fine and scarce. £80-100 Levied on Sir Matthew Brend (1600-59) who owned the Globe Theatre, the first of which was built by Shakespeare’s company and owned by Brend’s grandfather.

357 Treasury Warrant, July 1679, instructing the Auditor of the Receipt to draw an Order for payment of £20.3.7d owing for quarters incurred by part of Prince Rupert’s regiment, signed by the First Lord of the Treasury, Lawrence Hyde (later Earl of Rochester) and brother in law of James II, Sir Edward Dering, a Lord of the Treasury and Sir John Ernle, Chancellor of the Exchequer, black printing, manuscript insertions, folio, right edge somewhat browned and brittle with some paper loss but otherwise complete and without the usual trimming, fine and rare for a Treasury warrant of this age to be printed and not handwritten. £200-300

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BONDS AND SHARE CERTIFICATES OF THE WORLD 360 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. £80-120

358 Exchequer receipt, June 1680, signed by Henry Guy, Secretary to the Treasury and one of Charles II’s close circle, for the receipt of £500 for “His Majesty’s Secret Service”, an entirely handwritten document, minor trimming, some foxing, fine and a very rare subject. £200-300 Henry Guy served in the Treasuries of Charles II, James II and William III, earning at his peak £4,000-£5,000 per annum, an enormous sum in that period, in Treasury fees, “gifts” and “casual profits”. He was imprisoned in 1694 for allegedly taking a bribe. On his death in 1710 he left £150,000.

359 Exchequer Order of Payment, February 1696/7 to pay sixpence an ounce on 550 ozs. 5 dwt of hammered coin sent to Chester mint for recoinage named to Thomas Hall, possibly the London goldsmith, cut at right and bottom to remove signatures, very fine. £80-100

361 Exchequer receipt, December 1711, for £26.11.9d for 15 months interest on £500 lent to the Exchequer on the security of, and repayable from, the sale of “Her Majesty’s Tin”, signed by Charles Spencer, Earl of Sunderland, black, very fine with negligible trimming, ink cancelled and a lovely example of this scarce issue. £200-250 Charles Spencer, Earl of Sunderland, “Prime Minister” at the time of the South Sea bubble and thereby forced to resign. Tried for allegedly taking a £50,000 bribe in South Sea stock but exonerated in a political move to save Walpole’s government.

The great recoinage of 1696. The Mint had refused to take further supplies at face value of the old clipped and light hammered coins for recoining, causing hardship and riots in the country. It was forced to reopen, now taking the old coinage at the standard Mint price of 5s 2d an ounce plus this 6d “reward”.

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May 30, 2014 - LONDON 362 Exchequer receipt, 1713, signed by Richard, Viscount Lonsdale, being for a quarter’s annuity on his late mother’s investment of £500 in the 99 year annuities issued by the Government in 1707, black printing, trimmed as usual, fine. £100-120 These annuity receipts are the only extant documents relating to the Exchequer managed British funded national debt, the appropriate Orders of Payment having been destroyed when the Exchequer closed.

364 Irish Government Life Annuities, a 6% debenture certificate for £100, 3rd Class, Dublin 1774, no.632, black printing with manuscript insertions of the holder and, in this case, his eldest daughter, aged 3, folds but about very fine and scarce. £300-400

363 Exchequer Order of Payment, 1714, for repaying £500 principal with £27.3.10d interest, lent to the Exchequer on the security of and repaid from the proceeds of, the 4th 2 shillings Aid (tax) for the year 1714, signed by the Lord High Treasurer, Robert Harley, Earl of Oxford, government minister responsible for the foundation of the South Sea Company, Sir William Wyndham, Chancellor of the Exchequer and, as Auditor of the Receipt, Charles Montague, Earl of Halifax, formerly the minister responsible for the establishment of the Bank of England, black, folio, unusually with no trimming, fine to very fine and rare thus. £300-400

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365 An important and historic Order of Payment, an impressive document for £1, 101. 18s 9d, made out for repayment and payments to John Durand for supporting Armed Forces in the ‘ceded’ islands of Tobago and Dominica (ceded by France to Britain by the 1763 Treaty of Paris). Dated April 1776, signed by KING GEORGE III, also signed by Lord North the Prime Minister, Lord Onslow a minister of the Treasury and C.W. Cornwall of the Treasury, extremely fine. £1,500-2,000 WWW.SPINK.COM

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366 Reduced Annuities, inscribed stock receipt dated 178[6], transferring £100 stock to John Christopher Franck, black, also signed by the agent or broker, small piece of lower left corner missing from spiking as is usual, surface dirt at top, fine to very fine and scarce. £180-220

367 Five per Cent. Annuities, inscribed stock receipt dated 178[8], transferring £302 stock to Richard Norman and others, but signed by an agent at lower right, black, also signed by the broker J. Halford?, tiny piece of lower left corner missing from spiking as is usual with these pieces, fine to very fine. £150-200

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BONDS AND SHARE CERTIFICATES OF THE WORLD 368 Government Pensions, an exchequer receipt dated 1790 making payment of £62 10 shillings for 3 months pension to Mrs Jac. Hunetr but signed by Thomas Coutts as her agent, black printing with manuscript insertions, embossed duty stamp top left, very fine. £120-180 369 Consolidated £3 per Cent. Annuities, inscribed stock receipt dated 1790, transferring £1996 15s stock to James Cecil Grave, who signs at the lower right, black, also signed by the broker Richard Parkins, small piece of lower left corner missing from spiking as is usual with these pieces, very fine. £100-150

372 Consolidated 3% Annuities, a group of inscribed stock receipts, 1806 (3), 1813, 1841 and later (5), £3 10s per Cent reduced Annuities, inscribed stock certificate, 1838, together with a miscellaneous group of insurance policies and ephemera including a rare Universal Life Assurance Society policy issued in India, 1852 and a fire policy of the Imperial insurance Company, 1812, an interesting lot well worth inspection, fine to very fine and better. (lot) £100-150

370 Four per Cent. Annuities, inscribed stock receipt dated 179[7], transferring £1353 12s 9d stock to Thomas Caphorn and others, who all sign at the lower right, black, also signed by the broker Thomas Chant, lower left corner professionally repaired where is has been removed through spiking, very fine and scarce. £180-220 371 Navy 5% Annuities, inscribed stock receipt, 180[5], together with other inscribed stock certificates (4) comprising Consolidated £3 per Cent. Annuities, 178[2] and 180[3], Four per Cent. Annuities, 180[4] and 181[5], the second trimmed at left edge, most have corner off as usual, fine to very fine. (5) £60-80

373 Great Britain, 31⁄ 2 % War Loan, bearer bond for £100, 1932, no.B286252, ornate border, printed seal of ‘The Lords Commissioners of his Majesty’s Treasury’ at bottom right corner, brown and black, with coupons, stamped CANCELLED, extremely fine. £100-200

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May 30, 2014 - LONDON 375 Annuities: A group of certificates comprising, Royal Insurance Co., annuity bond, 186[5], no.371, large format, black on vellum, blue seal, cancelled; Consolidated 3% Annuities, inscribed stock certificate, 180[0]; New 3% Annuities, inscribed stock certificate, 18[73]; Westminster Society for Insurance on Lives and Survivorships, and for Granting Annuities, receipt, 1795, and, City of Edinburgh, annuity bond, £3, 1870, colourful piece, cancelled and scarce, generally very fine. £60-80

MUNICIPAL LOANS 376 Borough of Cheltenham, Improvement Act 1889, a debenture for £650, no.200, dated 1904, entirely handwritten piece on 4 pages, folio, red embossed duty stamp, handsigned by the Mayor, very fine and an interesting piece of municipal finance. £60-80 This was part of a total loan of £9650 authorised by the Act of 1901 and the lenders in this case were trustees of the Loyal Widows and Orphans Lodge of the Independent Order of Odd Fellows. Repaid in 1920.

EARLY COMPANIES

374 £3 10s Per Cent. War Loan, bond for £100, London 1932, no.B308120, facsimile signature of N.K. Warren-Fisher as Secretary of the Treasury, ornate border, brown and black, with coupons from December 1940, folded but about very fine and uncancelled, rare thus. £120-150 All British government debt has been repaid in due time which means that we usually only find specimens or cancelled examples. Specimens are exceptionally rare and the only cancelled examples seen are from this loan.

This is an uncancelled bond, a handful of which were found on the Continent in the last year, and is therefore extremely scarce.

x377 South Sea Company: New South Sea Annuities, an inscribed stock certificate, 178[4], for the transfer of stock, red and black printing with small designs beneath the title, together with a small handwritten power of attorney for the transfer of South Sea Company stock dated 1714, small piece of top left corner missing due to spiking, the latter professionally laid on silk paper. (2) £150-180

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378 South Seas, Captain John Clipperton, certificate for one share in the expedition of the ships ‘Success’ and ‘Speedwell’, 18th June 1720, no.433, signed by Alexander Strachan, E. Hughes, Andrew Drummond and R. Winder as managers and directors, scrollwork at left, black printing, some tears at folds but professionally rebacked and repaired, fine and very rare. Only 2 known. £2,500-3,000 Interestingly the share was issued sixteen months after the expedition had sailed, presumably one of the original shareholders wishing to spread his risks by selling on a rising market - South Sea Company stock was bubbling at 750 and would peak at 1050 six days later. At the end of May Speedwell had been wrecked and its captain and crew marooned for five months, but the dealers in London could not have known that when this share was traded. Clipperton was born in Great Yarmouth in 1676 and made a career in piracy. In 1704 he joined the pirate/explorer/naturalist/diarist William Dampier but fell out with him and abandoned him off the South American coast. In 1718 a consortium put together the plan to send two vessels around the globe to explore, trade and plunder any Spanish ships and settlements they came across. Had the country not been at war, this would have been a breach of the South Sea Company’s monopoly. Initially a former Royal Navy officer George Shelvocke, on the Speedwell, was to be in overall command but before they sailed in February 1719 Clipperton, captain of the Success, was put in charge and Shelvocke’s anger led to problems with the voyage. The ships were soon separated in the Atlantic and only met again, briefly, in the Pacific, off Mexico. Both captains took many prizes and made their separate ways across the Pacific to China and the East Indies, losing their ships and switching to prize vessels en route. Clipperton eventually returned to his family in Galway in Ireland in June 1722 but died within a week from the privations of his 31⁄ 2-year journey. Shelvocke reached Dover a month later and was arrested for allegedly hiding some of his prizes from the shareholders but managed to do a deal with them. The next year he published A Voyage Round the World by Way of the Great South Sea, said to have inspired Coleridge to write The Rime of the Ancient Mariner. He lived on to 1742, his tombstone saying he was “a gentleman of great abilities in his profession”.

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CANALS 379 A small group of Canal and Railway certificates, comprising Thames and Severn Canal-Navigation, New shares, 1809, red printing, on vellum, ink faded and dirty surface; Birmingham Canal Navigations, subdivided share receipt, 1835; Liverpool, Manchester and Newcastle upon Tyne Junction Railway Co., £20 share, 1846; Bristol & Exeter Railway Co., debenture bond, 18[50], seal removed and ink cancelled, and Buckfastleigh, Totnes and South Devon Railway Co., debenture stock, 18[79], perforated cancelled and some staining, generally very fine unless stated. (5) £80-100 380 A group of Canal and Railway certificates, comprising Oxford Canal navigation, £100 shares, 19[03]; Sharpness New Docks and Gloucester & Birmingham Navigation Co., ordinary consolidated stock, 18[906]; Staffordshire and Worcestershire Canal Co., 41⁄ 2 % debenture stock, 187[914] and Consolidated stock, [1894]; Cambrian Railways Co., 4% preference stock, 1900 or 1901 (3 examples); Paisley Barrhead & Hurlet Railway, 5 shares, 184[6], part issued (2 examples); Waterford, Dungarvan and Lismore Railway Co., £10 shares, 187[5]; City of Glasgow Union Railway Co., 6 various types, 1870’s and 1880’s; Fishguard and Rosslare Railways and Harbours Co., preference stock, 19[38], 2 examples and a report of the directors, 1916, of the Great Western Railway Co., mixed condition, mostly cancelled, fine and a few better. (19) £100-150

382 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. £150-180

381 Grand Imperial Ship Canal, un-issued certificate for 20 shares, Brighton 1827, vignette of Sailing Ship being towed by Steam Tug Boat, black on pink paper, together with Grand Southern Canal, prospectus for the Canal dated 1811, black, both extremely fine. £200-250 383 Somersetshire Coal Canal Company, Lock Fund, certificate for one share number 2343, 18[03], small format, black on thick paper, waxed seal, very fine. £120-150

Sir John Rennie in 1811 surveyed this intended Ocean Ship Canal for ‘The Grand Southern Canal’, and later for ‘The Grand Imperial Ship Canal’ in 1825. The canal was to run 86 miles from London to Portsmouth at an estimated cost of £7 million.

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

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384 Thames and Severn Canal Navigation, an un-issued bond for unspecified amount, 17- (circa 1790), not numbered, vignettes in top corners of canal bridges/tunnels, black print on vellum, near extremely fine. £100-150

388 Caledonian Railway Co., 4% preference stock, 1887, certificate for [£120], no.13/1436, dated [1902], scrollwork at left, red, printed by Gilmour & Dean, good very fine and a scarce type. £60-80

RAILWAYS 385 Aberdeen Railway Company, certificate for one share, 18[45], no.3212, shield and scrollwork to left, black, good very fine. £60-80 386 Bishops Waltham Railway Company, £10 share, 186[2], no.446, black, and £20 5% preference share, 186[4], no.53, both perforated cancelled, very fine to extremely fine. (2) £60-80 387 Caledonian Railway Company, certificate for Scottish Central 41⁄ 2 % preference stock no.1, 18[71], no.1003, blue; 6% preference stock, 18[74], no.5145, black; deferred ordinary stock no.1, [1906], no.17/5401, purple, together with other related documents (9), mixed condition, fine to very fine. (12) £100-150

389 Channel Tubular Railway Preliminary Company Ltd., certificate for 5 founders shares, 1892, no.88846-88850, very attractive piece with vignettes around border of English and French coast, ships with tube resting on the seabed, black and yellow, good extremely fine. £100-150 390 Charnwood Forest Railway Company, a pair of certificates, £10 share, 1874, no.1720, scrollwork at left, embossed seal, black, together with £10 shares, 18[82], no.250, scrollwork at left, black, about extremely fine and good fine respectively, the latter with slight edge damage. (2) £80-100

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395 Cowbridge Railway Company, a trio of certificates comprising £10 share, 18[63], no.680, black; £10 shares, 18[79], no.19, scrollwork at left with vignette of Cow on bridge, black, and, debenture stock ‘C’, 18[76], no.15, scrollwork at left, large red underprint ‘C’, all cancelled, all with professionally repaired tears at top, very fine. (3) £100-120

391 City Railway, scrip certificate for 5 shares of £50 each, £2 per share deposit paid, 1836, no.482, blue print on vellum, very fine and scarce. £150-200 392 Colne Valley and Halstead Railway Company, certificate for £10 share, 18[61], no.3916, black, stamped in red ‘EXTENSION’, good very fine. £60-80 393 Cork, Blackrock and Passage Railway Company, a proof certificate for £20 ordinary shares, circa 1880, decorative title, black printing on thick card, extremely fine. £60-80 394 Cornwall Railway Company, a group of 14 certificates for £50 shares, 184[6], numbers 808-9, 816, 826-8, 846-848, 853, 861-863 and 876, scrollwork at left, black on dark green paper, attractive embossed seal, generally about extremely fine. (14) £150-180

396 Derbyshire, Staffordshire & Worcestershire Junction Railway Company, certificate for one share, 18[47], no.1841, ornate title, scrollwork and embossed seal to left, black heavily watermarked paper, good very fine. £60-80 397 Devon & Cornwall Railway Company, a pair of certificates for £20 shares, ‘Western Extensions’, 18[78], no.8, and ‘Extensions to Plymouth and Devonport’, 18[77], no.16, both with decorative titles and scrollwork at left, black, perforated cancelled, both good very fine. (2) £80-100

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398 Devon and Somerset Railway Company, certificate for B debenture stock, 18[89], no.590, scrollwork at left, black on pink paper, very fine. £60-80

402 Dundee and Perth and Aberdeen Railway Junction Company, certificate for ‘quarter shares’ stock, 18[65], no.521, ornate title and scrollwork to left, green, very fine and scarce. £80-100

399 Devon South Hams Light Railways Company, certificate for £1 ordinary shares, 190[5], no.11, black, embossed seal bottom right, rusty paperclip marks at top edge, very fine and scarce. £60-80 400 Direct London and Exeter Railway, with extension to Falmouth and Penzance., scrip certificate for 20 shares of £25 each, 1845, no.E24, green, printed by Waterlow & Sons, about very fine. £60-80 401 Dublin, Belfast and Coleraine Junction Railway, certificate for 5 shares of £50 each, no date (circa 1846), no.4726-4730, black on pale blue paper, together with Navan & Kingscourt Railway Company, £10 share, 1871, no.5791, decorative title and scrollwork to left, crown logo under title, good very fine and extremely fine respectively. (2) £80-100

403 Dundee Suburban Railway Company, certificate for £10 shares, 18[87], no.42, embossed seal depicting steam engine at bottom left, black, good very fine and scarce. £80-100 404 Eastern and Midlands Railway Company, Lynn, Yarmouth and Norwich Section, certificate for ordinary stock, 188[3], no.59, scrollwork at left, green, together with map of the railway network and prospectus for the issue of £45,000 5% first preference stock, very fine. (3) £60-80

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405 East and West Junction Railway Company, certificate for £20 share, 1864, no.5993, scrollwork at left, embossed seal, black, very fine and scarce. £60-80

410 Festiniog Railway Company, certificate for 4% debenture stock, 19[34], no.39, ornate border, grey and black, embossed seal with Prince of Wales feathers, about very fine. £60-80

406 Edinburgh & Bathgate Railway, certificate of £25 share, 184[8], no.5849, green paper seal, blue on blue paper, together with a draft declaration of deceased shareholder dated 1896, very fine. (2) £60-80 407 Edinburgh and Glasgow Railway, a pair of certificates, £1000 consolidated stock, 185[5], no.3732, scrollwork at left, black, and New Stock scrip certificate for 4 shares, 184[2], first call and second to fifth call slips detached, red, very fine and fine respectively. (2) £80-100 408 Edinburgh, Leith & Granton Railway Company, mortgage bond, 184[8], no.28, black, folio, handwritten PAID on face, very fine. £60-80

411 Fleetwood, Preston & West Riding Junction Railway Co., £12 share, 1846, no.7685, attractive vignette of coats of arms with steam train and plough in background, black with pink underprint, attractive red embossed seal, good very fine. £80-100

Originally received its authorization in 1836 as the Edinburgh, Leith and Newhaven Railway and changed its name later. Only built a very short stretch of line from Edinburgh to Trinity Harbour.

412 Forest of Dean Central Railway Company, a pair of certificates, one share of £10, 1860, no.3681, crown at top, black, and 6% preference share of £10, 1864, no.2848, black on pink paper, very fine and extremely fine. (2) £60-80

409 Electric Railways Company Ltd., certificate for £1 ordinary shares, 190[1], no.202, decorative border and scrollwork, embossed seal at bottom left, printed

by Waterlow & Sons, black, very fine. £60-80

413 Gifford and Garvald Railway Company, a proof certificate for £10 shares, 18[—], circa 1895, decorative title, printed on card, black, creased at right, good very fine. £60-80

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414 Great North of England Railway Co., £100 share, 18[36], no.3377, chain at left with names of towns through which the railway passed on each link, black, embossed seal, together with related transfer certificates (4), good very fine. £120-150

417 Great Northern Railway Company (Ireland), a group of five certificates comprising; ordinary stock, 18[900], no.24272, scrollwork at left, black; consolidated 4% preference stock, 19[32], no.12374, ornate title and scrollwork to left, brown; consolidated 4% debenture stock, 19[32], no.12257 and 19[45], no.16126, this with edge tear, both red with yellow underprint; ordinary stock, 19[32], no.48237, ornate title and scrollwork, black, very fine and better. (5) £80-100 Some of the oldest railways in Ireland were amalgamated to form the Great Northern Railway of Ireland, including the Ulster and the Dublin and Belfast Junction Railways. It was incorporated in 1876 and later became jointly responsible for numerous narrow-gauge lines with the Midland Railway of England, known as the County Donegal Railways Joint Committee.

418 Great Southern and Western Railway Company, Ireland, 4% guaranteed preference stock, 19[04], no.2962, scrollwork at left, green, about very fine. £60-80 Incorporated in 1844 for a line linking Dublin and Cork, the line opened in stages from 1846 to 1849 with later extensions in 1877 and 1885. Smaller railways were also amalgamated with the Great Southern and Western.

415 Great North of Scotland Railway Company, preference consolidated capital stock, 18[60], no.424, scrollwork at left, blue, about very fine. £60-80 416 Great Northern Railway Company, a mortgage bond for £1000, 1865, no.4540, decorative title with shields in centre, black on lilac paper, cancelled by removal of seal, together with £25 share, 1846, no.128453, shields under title, embossed seal, black on lilac paper, and, various letters and documents mostly relating to share issues (9), very fine and interesting lot. (11) £60-80

419 Great Western Railway Company, a small collection comprising; fifth share of £20, 18[41], no.85563, turquoise with peach underprint, green paper seal; debenture stock, 18[88], no.16429, ornate title, green, cancelled; 5% consolidated guaranteed stock, 19[11], no.98981, orange; 5% consolidated preference stock, 19[17], no.99429, blue; 5% consolidated preference stock, 19[23], no.18812, blue, all cancelled, except the first, and other paperwork (4), fine to very fine. (9) £100-150 The company was incorporated in 1835 after numerous other attempts for a railway linking London to Bristol.

The line opened in 1841 and soon built connections with other railways in the West of England. It also absorbed, purchased and leased railways running in the Midlands and Wales, eventually covering 6398 miles of single track by 1921.

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May 30, 2014 - LONDON 420 Guernsey Railway Company, Ltd., a group of four certificates comprising; £5 preference shares, 18[95], no.98, embossed seal, red; £5 preference shares, 19[46], no.358, red, red paper seal; £1 ordinary shares, 19[48], no.961, ornate border, black; £1 ordinary shares, 19[46], no.860, ornate border, red paper seal, black, all cancelled, the last three by tear through the seal, fine to very fine. (4) £80-100

422 Ilen Valley Railway Company, certificate for ordinary stock, 18[84], no.29, ornate border, scrollwork at left, black with green underprint, printed

by Waterlow & Sons, very fine. £80-100 Incorporated in 1872 as the Dunmanway and Skibbereen Railway, the Ilen Valley Railway Company (as it was later known) also built the Bantry Extension Railway. The line was worked by the West Cork, and later the Cork and Bandon companies.

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

(2) £60-80

421 Hereford Railway, share ticket no.25, 1829, black printing on vellum, red wax seal on silk at bottom, a little foxing, very fine and scarce. £400-500 Incorporated in 1826 for a horse operated tramway, which opened in 1829. This railway along with others was purchased by the Newport, Abergavenny and Hereford Railway, which later amalgamated with the Oxford, Worcester and Wolverhampton Railway in 1860. Initially named the ‘West Midland’, it’s direct competition with the Great Western was avoided in the unification of the two companies.

424 Kent Railway, certificate for five shares of £50 each, 1836, no’s 4366-4370, shields to left, black, a little toned, about very fine. £80-100

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425 Lanarkshire & Dumbartonshire Railway Company, certificate for £10 ordinary shares, 1[899], no.957, decorative title, scrollwork to left, brown, good very fine. £60-80 426 Leeds & Thirsk Railway Company, certificate for one share, 1845, no.15434, black on vellum, good very fine. £80-100 The company was incorporated in 1845 to connect the towns by rail. In 1851 the name was changed to the Leeds Northern and it eventually passed over to the North Eastern Railway.

427 Leeds & Thirsk Railway Company, a pair of scrip certificates for 1 and 5 preference shares, Leeds 1846, numbers 391 and 1090, black printing with denomination in blue underprint, good very fine. (2) £80-100 428 Limavady & Dungiven Railway Company, £10 share, 1882, no.8, black border, embossed seal at bottom left, good very fine. £60-80 The company was incorporated on 4th July 1878 for a 101⁄ 4 mile line connecting Dungiven to the Belfast and Northern Counties Railway in Limavady. It was later amalgamated with this company in 1907.

429 Liverpool and Manchester Railway, £25 share, 1831, no.13914, black on vellum, red paper seal at bottom right, surface a little grubby but extremely fine. £300-400 The company was incorporated in 1826 with the aim of replacing the costly method of transportation of goods between the cities, which was limited to waterways. It met with much opposition initially and was eventually opened in 1834. The railway cost well over £1,000,000 once finished.

430 Liverpool Overhead Railway Company, a group of five certificates comprising; 5% preference shares for £10, 189[3], no. 167, vignette of city under title, scrollwork to left, probate notes attached to reverse; 5% preference shares for £10, 19[23], no.1145, design as previous; 5% preference shares for £10 (1900), 19[04], no.45, design as before but red print, probate notes on reverse; certificate for £10 ordinary shares, 18[94], no.901, ornate title with scrollwork, red on blue paper, 5% preference shares for £10, 19[42], no.1481, vignette of the city under title, all cancelled, fine to very fine. (5) £60-80 The company was incorporated on 24th July 1888 and took over the intended work of the earlier Mersey Dock and Harbour Overhead Railway, which was never built.

The line was the first electrically powered overhead railway in the world. It was eventually closed in 1957 as it fell outside of the nationalisation scheme of British Railways.

431 London and North Western Railway Company, a collection of 14 certificates including; consolidated 4% guaranteed stock, 18[81], no.5087, green; 3% perpetual debenture stock, 190[2], no.24120, red; consolidated stock, 19[10], no.99079, black; consolidated 4% preference stock, 19[15], no.11678, red; various consolidated stock certificates, 1840’s and 50’s, and other documents, most are cancelled, mixed condition, some with glue residue, many very fine.

(14) £120-150 The company was incorporated in 1846 as an amalgamation of a number of existing railways, including the London and Birmingham, the Grand Junction and the Manchester and Birmingham Railways. It’s share capital once amalgamated with others exceeded £17,000,000.

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May 30, 2014 - LONDON 432 London, Worcester and South Wales Railway Company, £10 shares, 1870, no.3125, scrollwork to left, black, very fine. £60-80

434 Manx Northern Railway Company, £5 shares, 18[1904], no.150, coat of arms under title, scrollwork to left, together with certificate for 5% preference shares of £5, 187[9], no.53, design as before, both good very fine. (2) £80-100 Incorporated in 1878 and opened the following year. The company was absorbed by the Isle of Man Railway in 1904.

433 Manchester and Milford Railway, debenture for £[2000], 186[6], no.82, decorative title and scrollwork to left side, black, printed on vellum, with coupons, perforated cancelled, good very fine. £120-150 Originally incorporated in July 1860 for a line from Llanidloes to Pencader, it was also authorised to build an additional line the following year to Aberystwyth, however this was abandoned in 1880.

435 Mersey Railway Company, certificate for consolidated ordinary stock, 19[03], no.1519, decorative title, scrollwork to left, black, very fine. £60-80 Incorporated in 1866 as the Mersey Pneumatic Railway Company, the name was changed in 1868. The line ran by tunnel under the Mersey River, to connect Liverpool with Birkenhead. In 1871 various extensions were added connecting the line with existing railways in the area and the national network.

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BONDS AND SHARE CERTIFICATES OF THE WORLD 438 Midland Railway Company, a collection of 4 certificates comprising; £10 4% preference share, 1878, no.51513, blue; 2.5% debenture stock, 191[6], no.68879, olive green; consolidated 2.5% perpetual guaranteed preferential stock, 19[15], no.31515, green, cancelled; consolidated 2.5% perpetual preference stock, [1912], no.93387, brown, cancelled, together with other documents (5) including application for £50,000 perpetual 5% debenture stock for the Somerset and Dorset Railway Companies extension to the Midland Railway, 1874 and dividend warrants with cheques still attached, very fine and better. (9) £80-100 436 Middlesbrough & Guisbrough Railway Company, £25 share, 1852, no.340, early steam train with factory and town in background, black on pink paper, lower right corner cut away as cancellation, good very fine. £200-250

Incorporated in 1844 as the first major railway amalgamation, involving the North Midland, Midland Counties and the Birmingham and Derby Junction Railways. Over several years many more railways were purchased and it became a railway of outstanding importance.

439 Neath and Brecon Railway Company, certificate of £10 share, 1863, no.2998, embossed seal bottom right, black, very fine. £60-80 440 Newcastle-upon-Tyne, Edinburgh and Direct Glasgow Junction Railway Company, a pair of certificates, 5 shares of £20 each, 1846, no.649, blue, and 10 shares of £20 each, 1846, no.646, red, together with a notice of application to Parliament for Act of Incorporation, very fine. (3) £80-100

437 Middlesbrough & Guisbrough Railway Company, certificate for New ordinary share of £25, 1857, no.244, attractive piece with vignette of steam train with factory and town in background, black, lower right corner cut away as cancellation, good very fine. £200-250

441 North British Railway Company, guaranteed stock certificate, 18[63], scrollwork at left, black, repaired tears at top edge, together with 3% debenture stock certificate, 18[99], scrollwork at left, red, and two dividend warrants, good fine and very fine. (4) £80-100 442 North Sunderland Railway Company, certificate of £10 shares, [1897], no.56, scrollwork at left, black, ink cancelled, very fine. £60-80

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445 Shrewsbury and Hereford Railway Company, £20 share, 1846, no.24801, attractive piece with vignette of cattle in field with Castle in background, scrollwork at left, black, together with Shropshire Railways Company, certificate for fully paid stock of the Shrewsbury undertaking, 189[1], no.623, black, extremely fine and about very fine. (2) £80-100

443 Parsonstown and Portumna Bridge Railway Company, £10 shares, 186[1], no.28, embossed seal top right, black, together with a related deposit payment receipt, 186[1], fine to very fine. £80-100

446 Shrewsbury and Hereford Railway Company, £20 share, 1846, no.24698, vignette depicting farmland with castle in background, scrollwork at left, together with 6 more British Railway certificates comprising; Cornwall Railway, £50 share, 184[5], no.5478; Great Northern Railway Company, £25 share, 1846, no.128429, printed by Waterlow & Sons; Great Northern Railway Company (Ireland), consolidated 4% preference stock, 19[23], no.9548; London Chatham & Dover Railway Company, £10 preferred shares, 1864, printed by Waterlow & Sons; Rugby, Derby and Manchester Railway, 10 shares of £25 each, 1845, no.38591-38600, corner cut cancelled; Waterford, Dungarvan and Lismore Railway Company, £10 shares, 187[5], no.999, printed by Waterlow & Sons, generally very fine, some better. (7) £100-120

444 Ross & Monmouth Railway Company, £20 share, 186[9], no.2469, black, together with a pair of mortgage bonds for £100, 187[2], no.182 and £100, 1892, no.735, the last two hole cancelled, very fine, the first good very fine. (3) £100-120

447 Southern Railway Company, a group of five certificates comprising; £10 preference shares, 187[2], no.52, black on green paper; £10 shares, 186[5], no.1, black on orange paper; £10 preference shares, 187[3], no.6, black on pink paper; debenture B stock, [1881], no.178, embossed seal, black and £10 Baronial Guaranteed shares, 187[915], no.290, black, about very fine to extremely fine. (5) £120-150

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448 Southwold Railway Company, certificate for £10 shares, 18[78], no.724, scrollwork at left, embossed seal, black, some surface dirt, good very fine. £80-100

450 Stockton & Darlington Railway Company, certificate for 4% preference share ‘B’ of £25, 1853, no.586, monogram at left, red, embossed seal, ink endorsement on face, good very fine and a rare variety of this important company. £200-300 451 Tamar, Kit Hill and Callington Railway Company Ltd., bond for £100, 186[5], no.39B, black, red paper seal at bottom, together with a related transfer certificate, 186[4], for bond number 47B, black with pink underprint, red paper seal, both about very fine.

(2) £60-80 452 Tees Valley Railway Company, a pair of certificates, £25 share, 1866, no.1221, black on yellow paper, and £6 preference share, 1875, no.315, black on grey paper, both extremely fine. (2) £60-80

449 Stockton and Darlington Railway Company, £25 class A 5% preference share, 1858, no.15372, lovely vignette of early steam train crossing bridge with factory in the background, black on mauve paper, embossed seal, tiny bit of foxing, very fine to extremely fine. £300-400

453 Tottenham and Hampstead Junction Railway Company, £10 share, 186[3], no.2481, scrollwork at left, black, spike hole at top, about extremely fine. £120-150

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May 30, 2014 - LONDON 456 Vale of Neath Railway Company, certificate of £20 share, 1846, no.8953, scrollwork at left, black on pale blue paper, red embossed paper seal, extremely fine. £60-80

454 Underground Electric Railways Company of London Ltd., Trust certificate for 100 shares of £1 each, 19[09], no.206, British coat of arms at top, ornate border, blue, printed by American Bank Note Co., about extremely fine. £80-100 457 West Cornwall Railway Company, certificate of £20 share, 184[6], no.6097, scrollwork at left, red paper seal bottom left, black, small crease at bottom left corner otherwise extremely fine, together with certificate for guaranteed 5% stock, 19[19], no.897, black, glue residue on reverse, cancelled, about very fine. (2) £80-100 458 West Highland Railway Company, a proof certificate for £10 shares, 18[—], circa 1880, black printing, on thick card, extremely fine. £60-80

459 Wharfdale Railway Co., £15 share, 1846, no.9249, Craven Heifer in centre, black with very ornate blue underprint, red embossed seal, extremely fine. £80-100

455 Underground Electric Railways Company of London Ltd., a specimen 6% income bond for £100, 1912, from the Bradbury, Wilkinson & Co. archive, attactive vignette of underground train at station, ornate border, green and black, with coupons, light paper adhesion on reverse, about extremely fine. £150-200 101

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BONDS AND SHARE CERTIFICATES OF THE WORLD 460 Wimbledon and Croydon Railway, a pair of scrip certificates for 5 and 10 shares, undated but circa 1844, both with ornate scrollwork, green on blue paper and blue on blue paper respectively, both about extremely fine. (2) £80-100 461 York and Carlisle and Durham, Westmorland & Lancashire Junction Railway Company, a pair of scrip certificates, for 1 and 5 shares, undated but circa 1844, red and blue respectively, good very fine and scarce. (2) £80-100

TRAMWAYS

462 Birkenhead Tramways Company, 6% preference shares of £10, 18[81], no.792, lovely vignette of the Woodside Ferry terminus with horse drawn tram waiting to depart, several ships at the dockside, red, good very fine and scarce. £100-120 463 Blackpool, St. Anne’s and Lytham Tramways Company Ltd., a pair of certificates comprising 18 shilling preference shares, 1[909], no.548, scrollwork at left, black on pink paper, and 16 shilling ordinary shares, 1[909], no.768, scrollwork at left, black on yellow paper, both very fine. (2) £60-80 Originally built under the Act of 1896, the tramway was first operated by the British Gas Traction Company, using gas powered trams. These were unsuccessful and the Blackpool, St. Anne’s and Lytham Tramways Company purchased the assets and gained authorisation in 1900 to replace the line with an electric tramway, opened in 1903. In 1922 the borough of Lytham St. Anne’s was created and the trams branded with the ‘Lytham St. Anne’s Corporation’.

464 Hartlepools Steam Tramways Company Ltd, £5 shares, 188[5], no.166, onate border and scrollwork to left, pink, together with 12 more Tramway Companies comprising; Dudley & Wolverhampton Tramways Ltd, £1 shares, 189[4], no.30; North London Tramways Company, £10 6% preference shares, 188[6], no.321; Glasgow Tramway & Omnibus Company Ltd, £9 shares, 18[95], no.1429; Dumbarton Burgh and County Tramways Company Ltd, £1 shares, 19[22], no.A306; West Metropolitan Tramways Company, stock certificate, 18[90], no.18; South Staffordshire Tramways Company, ordinary stock, 18[89], no.684; South Staffordshire Tramways (Lessee) Company Ltd., deferred shares of 5 shillings each, 190[4], no.353; Hastings and District Electric Tramways Company Ltd., ordinary shares of 10 shillings each, 19[32], no.96, also with a statement of accounts; British Electric Street Tramways Ltd., £10 shares, 190[1], no.41; Ramsgate & Margate Tramways Company, £20 mortgage debenture, 188[3], no.119, and South Lancashire Electric Traction & Power Company Ltd., £1 preference shares, 190[1], no.104, mostly very fine and better (13) £150-200

465 Hughes’s Locomotive and Tramway Engine Works Ltd, £10 shares, 187[9], no.166, attractive vignette of tram carriages under title, scrollwork to left, very fine and rare. £80-100 The company was founded in 1866 by Henry Hughes and was based at the Falcon Works in Loughborough.

They specialised in the design and manufacture of steam locomotives and tram engines, supplying the quickly expanding British railway network.

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CABS AND BUSES 466 Birmingham Cab Company Ltd., £1 shares, 188[6], no.555, blue, together with Gamage-Bell Motor Cab Company Ltd., £1 preferred ordinary shares, 191[0], no.446, ‘bell’ in left border, black; London Improved Cab Company Ltd., £1 shares, 189[9], no.646, ornate border, blue; London Electrical Cab Company Ltd., £1 shares, 189[8], no.1988, black; Metropolitan Motor Cab & Carriage Company Ltd., £1 ordinary shares, 190[6], no.89, blue; Universal Motor Cab Company Ltd., £1 preferred participating ordinary shares, 190[8], no.60, black, and 4 different certificates of the British Motor Cab Co. Ltd., 1914, mixed condition but mostly very fine and an interesting and scarce group. (10) £120-150

467 Metropolitan Saloon Omnibus Co. Ltd., one share of £1, 185[7], no.1252, attractive vignette of horse drawn bus with inside and outside passengers, black, about extremely fine. £80-100 468 Northern Counties Transport Ltd., certificate for deferred ordinary shares of £1 each, 19[12], no.27, vignette of motor wagon at top, green on very pale blue paper, also included is the original letter of issue, together with Road Carrying Company Ltd., £1 shares, 1902, no.28, ornate title and vignette depicting factory, ship and wagon, black, and London Motor Van & Wagon Company Ltd., £5 shares, 189[7], no.16, decorative title black, the last torn and repaired with uneven right edge, the remainder very fine. (3) £60-80

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SHIPPING

469 Railways & Metropolitan Omnibus Company Ltd., certificate for £5 shares, 18[99], no.409, scrollwork to left, black, printed by Waterlow & Son, together with London Premier Omnibus Company Ltd., £1 ordinary shares, 19[14], no.1637, ornate border and scrollwork, blue, printed by Gale & Polden Ltd, and Cardiff & District Bus Co. Ltd., £1 shares, 189[2], no.1056, company seal below title, red paper seal at bottom left, black, the first and second very fine, the latter with tear at top and a couple of edge nicks, about very fine. (3) £60-80

470 Star Omnibus Company, London, Ltd., certificate for 51⁄ 2 % cumulative preference shares of £5 each, 19[07], no.1217, ornate border, vignette under title depicting Omnibus’, green and black, printed by Waterlow Bros & Layton, light creasing, otherwise about very fine. £60-80

471 Bridgwater Steam Towing Company, £15 ‘additional’ share, 1840, no.215, plain black printing on thick paper, good very fine and rare. £150-180

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

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AVIATION 474 An interesting group of aviation companies, comprising Wessex Aircraft and Shipbuilding Company, Ltd., 1 shilling deferred shares, 19[18], no.23, embossed seal, blue; Aircraft Manufacturing Company Ltd., cumulative participating ‘B’ preference shares of £1 each, 19[20], no.4010, green; British Aerotechnical Company Ltd., 2 shilling shares, 192[9], no.32, black; Eastern Counties Aeroplane Club, £1 shares, 19[32], no.16, red paper seal, blue; National Flying Services Ltd., 7% first mortgage debenture stock, 19[29], no.187, green and black; Hawker Siddeley Aircraft Company Ltd., option certificate 5 shilling shares, 1938, no.3770, green; more modern certificates (3) and 3 dividend warrants, mixed condition, fine to very fine. (12) £120-150

472 Medway Steam Packet Co., certificate for one share of £2, 18[38], no.516, attractive vignette of paddle steamer arriving at port, black, very fine. £150-200

475 E.R. Calthrop’s Aerial Patents Ltd., certificate for £1 shares, 19[17], no.21, vignette of winged parachute under title, scrollwork at left, embossed seal, black, very fine. £60-80 Patented the first British parachute, known as the Guardian angel which was used by the military at the end of WW1.

473 Thames Iron Works Shipbuilding & Engineering Co. Ltd., debenture for £100, 190[1], no.394, very ornate border, vignette within title of allegorical figures with ships behind, red, hand stamp at top, good very fine. £60-80

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PIERS, DOCKS, BRIDGES AND HARBOURS

BANKING AND INSURANCE

476 Brighton Marine Palace and Pier Ltd., mortgage debenture for £[200], 189[4], large format piece with decorative title, black print on pink paper, embossed seal bottom left, 4 pages, very fine. £60-80

479 An early Lloyd’s Marine Insurance policy dated 1771, insuring the ship ‘Action’ on its voyage from ‘the Bay of Honduras to London’, in the name of Alexander Gordon, the wine and spirit merchant, printed document with manuscript insertions, embossed duty stamp, very fine and rare. £60-80 480 A group of three Lloyds Insurace policies, comprising an entirely handwritten example insuring goods on the Island of Grenada, 1772, embossed duty stamp; a marine policy issued by the office of Edward Davis & Son at Lloyds, 1795, insuring goods carried from Lisbon to Newburyport by the schooner ‘Harmony’, printed form with manuscript insertions, and, a Lloyds standard policy insuring goods carried from St. Vincent to London, 1837, the second only fair otherwise very fine and interesting lot. (3) £60-80

x477 Hammersmith Bridge Company, one share, [1824], no.1203, ornate scrollwork at left, large hexagonal paper seal at bottom left depicting the bridge spanning the Thames, black on vellum, vellum slightly yellowed, good very fine. £150-200

481 Asylum Life Assurance Company, certificate for one share, 1824, no.1244, finally fully paid in 1837, black printing, on vellum, crease at top right corner otherwise about extremely fine with usual discolouration. £60-80 Acquired by Alliance Assurance Company in 1857.

482 Credit Foncier of England Ltd., £50 debenture, May 1873; £100 debenture, November 1873, 5 examples, both similar design with scrollwork at left, black with denomination in underprint in mauve and pink respectively, together with £50 debentures, 18[75], two examples, very large format, ornate border, blue and black, all with coupons, fine to very fine. (8) £60-80

478 Highgate Archway Company, £50 share, 18[13], no.1835, attractive early piece with orange seal at left within scrollwork, black on thick paper, very fine. £200-250 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 20th century.

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x485 Kent Equitable Investment & Mutual Benefit Building Association, £100 share, 18[46], no.240, ornate scrollwork at left, small vignette of Kent shield within embellished heading, at top, printed in black on vellum, small nick bottom, otherwise very fine. £60-80

483 English & French Bank Ltd., bearer share for £10, 188[1], no.94514, vignette of allegorical figures with lion, shield and ship in background, black, with coupons, together with 8 more banking certificates comprising; Charles Laffitte & Co. Ltd., £20 share, 1866, no.2074, black; London & Westminster Bank Ltd., £100 share, 18[89], no.40538, black with pink underprint; London County Westminster & Parr’s Bank, £1 shares, 1919, no.39180, ornate border, green; National Provincial Bank Ltd., two pieces, £1 shares, both 19[62], no.148924 and 187906, ornate border and vignette of Bank building, green and yellow; Westminster Bank Ltd., three pieces, £1 shares, 19[30], no.113579, ornate border, green, B shares of £1, 19[59] and £1 shares, 19[36], generally very fine. (9) £60-80

486 Liverpool Colquitt Street Tontine, one share, Liverpool 180[7], no.82, black printing, on vellum, handwritten transfer on the reverse and not cancelled which is very unusual for this issue, a little yellowed, good very fine and scarce thus. £60-80 Early life insurance piece with benefits going to the last surviving member.

487 London & Globe Finance Corporation Ltd., a group of 3 certificates for £1 shares, 189[7] [8] and [9], all with facsimile signature of Whitaker Wright; together with other British companies related to fraudsters including Mrs Bull Ltd., 2/6d preference shares, facsimile signature of Horatio Bottomley; British Glass Industries Ltd and British Window Glass Co. Ltd., both 19[20], both with facsimile signature of Clarence Hatry; Photomaton Parent Corporation Ltd., 10 shares, 19[28], 5 examples; City Equitable Fire Insurance Co. Ltd., 1921 and British America Corporation Ltd., 189[8], facsimile signature of Whitaker Wright, also a group of Post War credits (43), Polytechnic Institution Ltd., £10 share, 1860 and Cheltenham College, one share, 1881, mixed condition but many fine and very fine. (58) £100-150

484 Glasgow Merchants House, certificate of membership, Glasgow [1818], ornate border with symbols such as clasped hands and scales, street scene at top centre, black printing, on vellum, about very fine. £150-200

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489 Times Fire Assurance Co., 100 shares of £1, 7 shillings paid, 1854, no.5345, very attractive piece with allegorical figures in centre with burning buildings to left and burning ship to right, ornate scrollwork with numerous symbols such as cornucopia and dolphins, black, about extremely fine. £100-120

MOTOR CARS

488 Royal Exchange Assurance, an early fire policy, 178[1], covering property in Buckinghamshire, large format, vignette of company seal in square frame, scrollwork at left, black, paper seal at bottom right, some burn marks, split at folds but fine to very fine and scarce. £60-80

490 Ascot Motor & Manufacturing Company, Ltd., a pair of certificates comprising 2 shilling deferred shares, 19[28], no.143, scrollwork at left, embossed seal bottom left, red, and 8% participating preferred ordinary shares of £1 each, 19[28], no.42, design as before, blue, filing holes at left, both very fine. (2) £80-100 Founded by Cyril Pullin in 1928, the company produced the Ascot-Pullin Motorcycle. Liquidated in 1930 due to poor sales.

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May 30, 2014 - LONDON 494 Victory Cycle Manufacturing Syndicate Ltd., certificate for £1 ordinary shares, 189[7], no.72, decorative title, company logo and scrolls to left, slate blue, good very fine. £60-80

491 Motor Manufacturing Company Ltd., certificate for £1 shares, 190[1], no.857, decorative title and panel to left, embossed red seal bottom left, black, extremely fine. £80-100 Formed out of The Great Horseless Carriage Company Ltd in 1896 with a capital of £750,000, this was one of Henry John Lawson’s companies, who with Starley built the first safety bicycle.

492 Straker-Squire Ltd., a group of 6 certificates comprising; £1 shares, 19[18], no.2521, capital £175,000, decorative border, brown; 5 shilling shares, 19[21], no.7365, capital £200,000, decorative border, mauve; £1 shares, 19[19], no.4000, capital £500,000, decorative border, blue; 5 shilling preferred ordinary shares, 19[25], no.438, decorative title, embossed seal, black; 1 shilling proprietors shares, 19[25], no.438, both with capital £420,000, decorative title, embossed seal, red; second mortgage debenture stock certificate, 19[21], no.533, scrollwork at left, black, pink underprint, generally very fine and better. (6) £100-120

495 Vulcan Motor Engineering Co. (1906) Ltd., certificate for ordinary shares of £1, 19[29], no.2497, vignette under title depicting engineering works, scrollwork to left, black, good very fine. £80-100

MINING 496 An interesting group of colliery and coal companies, comprising Clyne Steam Colliery Co Ltd., £5 shares, 186[72], black; Neston Colliery Co. Ltd., £10 shares, 18[80], black; Soothill Wood Colliery Co. Ltd., £20 preference shares, 1893, red; Victoria Colliery Co. Ltd., £100 share, 186[6], black; Morley Main Colliery Co. Ltd., £1 shares, 19[03], black; D. Davies & Sons Ltd. (Ferndale Steam Coal Collieries), £100 debenture, 1896; Albion Steam Coal Co. Ltd., £10 shares, 190[1], red with small vignette, and others (6), mixed condition but many are very fine. (13) £80-120

Formed in 1893 as Brazil, Straker & Co., in Bristol, the company produced steam wagons, they later also had a factory in London. Squire joined the partnership in 1904. They took on aircraft engine repair and manufacture and followed that with bus, truck and car production until 1926.

493 Swift Cycle Company Ltd., first mortgage debenture certificate for £100, 1902, no.420, made out to the Dunlop Tyre Company, ornate border, black, extremely fine. £60-80

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497 An interesting group of Devon and Cornwall Mining certificates, comprising Shepherds United Ltd., 188[6] (2 examples); North Hallenbeagle Tin & Copper Mining Co. Ltd., 186[0] (4 examples); South Devon Iron & General Mining Co. Ltd., 1859 (2 examples); Truman Ltd., £4 shares, 189[2]; Wheal Kitty Tin Ltd., 192[6]; Kingsdown (Hewas Water) Tin Mines Ltd., 192[4]; Killifreth Mine Ltd., [1923], and, Wheal Reeth Tin Ltd., 19[34] (2 examples), mixed condition but mainly very fine, some better. (14) £180-220

499 A good selection of Welsh metal mining companies, comprising Brynpostig Mine Ltd., certificate for £1 shares, 18[68], no.126, grey; New Brynpostig Lead Mining Co. Ltd., £2 shares, 18[70], no.224; Bwlchglas Mining Company Ltd., £1 shares, 189[0], no.26; Cardiganshire Consolidated Mining Company Ltd., £1 shares, 1[890], no.52; Cyffty Lead Mining Company Ltd., £1 shares, 19[00], no.79; Cwm Vron Lead Mining Company Ltd., shares of £2.10 shillings each, 1871, no.305; East Cwm Vron Lead Mining Company Ltd., £2 shares, 187[2], no.67; Talargoch Mining Company Ltd., ordinary shares, 18[73], no number; Minera Ragman Mining Company Ltd., £5 shares, 18[63], no.1032; Minera Mining Company Ltd., five £5 shares, 1871, no.78817885; New North Halkyn Mines Ltd., £1 shares, 190[8], no.216; Glan Clwyd Lead Mining Co. Ltd., £1 shares, 187[5], no.164; generally very fine.

(15) £300-400

498 A good group of North of England metal mining companies (7), comprising Crookburn Mining Company Ltd., certificate of ordinary shares, 18[79], no.3659-3708, scrollwork at left, a little foxing; Borrowdale Plumbago Mines & Manufacturing Company Ltd., £1 shares, 18[88], no.372; Winnie Mine Company Ltd., £1 shares, 18[93], no.51; Healeyfield Mining Company Ltd., certificate of shares, 18[88], no.20188-20207, this in poor condition; Victory Lebel, Burnt Heath and Water Grove Mining Company, one share, 1857, no.936; Gamblesby Fell Mining Company, certificate of shares, 185[3], no.3931 to 3940, and, Ulverston Mining Company Ltd., one share of £20, 1873, no.2170, very fine to extremely fine unless stated. (7) £120-150

500 Blaenavon Iron & Coal Company, certificate to bearer for 5 shares of £50 each, 1836, no.4471-4475, decorative title, black, printed on vellum, 4 pages with condition printed on the reverse of page 2, slight discolouration, otherwise very fine and scarce. £150-200 The company was formed in 1836 and purchased the Blaenavon Ironworks in the same year. It went into liquidation in 1864.

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504 Dolcoath Mine Ltd., a group of five certificates comprising; £1 shares, 189[1900], no.1746, ornate scrollwork at left, red; 1 shilling priority shares, 19[21], no.305, ornate border, red; option certificate for 10 shilling shares, 192[4], no.859, ornate border, blue; 10 shilling shares, 19[24], no.2075, ornate border, grey, and, 10 shilling shares, 19[29], no.3800, ornate border, grey, the first very scarce, generally about very fine. (5) £80-100 Dolcoath was a Copper and Tin mine in Camborne, Cornwall and had been mined for copper since 1720. In 1895 it was reconstructed with a new shaft and became a limited company. In 1920 having become almost worked out, the mine was closed. The company was then reformed in 1923 as an amalgamation of several smaller mines with a new circular shaft. In 1936 it was sold to South Crofty Mine.

501 Blaenavon Iron and Coal Company, certificate to bearer for half shares of £25 each, £2 10 shilling paid, 184[5], no.15, black, printed on vellum, slight discolouration, otherwise good very fine. £150-180

505 Great Work Tin Mining & Development Syndicate Ltd., certificate for £1 shares, 189[6], no.55, scrollwork at left, red, together with Great Work Tin Mines Ltd., ordinary shares of 2 shillings each, 19[35], no.1, ornate border, blue with blue underprint, very fine and nearly so. (2) £80-100

502 Blamey Consols Tin Mine Ltd., certificate for £1 shares, 189[9], no.55, scrollwork at left, black, together with 6 more British mining certificates comprising; King Arthur Silver-Lead Mine Ltd., 5 £1 shares, 1871, no.1477, Glan Clwyd Lead Mining Co. Ltd., two pieces, £1 shares, 187[5], no.154 and 155, Caldbeck Fells Consolidated Lead & Copper Mining Co. Ltd., three pieces, two certificates for reissued shares of £2 each, 1870, no.8261-8265 and 26076-26080, and certificate for 10% redeemable debenture stock, 18[75], no.25, generally very fine.

(7) £100-120 503 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) £100-150

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BONDS AND SHARE CERTIFICATES OF THE WORLD 506 Minera Mining Company Ltd., two certificates for five £5 shares, 1871, no.3196-3200 and no.32013205, black on blue paper, together with more mining/coal companies comprising; Lincolnshire Boring Syndicate Ltd., “B” shares, 192[5], ordinary shares, 192[5], and 7% Notes, 1925; East Kent Colliery Company, one certificate for 1 shilling vendors shares, 191[1], eight certificates for ordinary shares, 191[4], red and blue respectively; East Kent Contract and Financial Company Ltd., three certificates for £1 shares, 19[10] and 19[11], red and green (these only fine); Extended Extension Ltd., two certificates for ‘B’ shares, 19[26], black; Snowdon Colliery Ltd., certificate for £1 preference shares, 191[0], red (this one only fine); South Eastern Coalfield Extension Ltd., two certificates for ‘B’ shares, 19[26], brown; Ebbw Vale Steel Iron & Coal Company Ltd., certificate for ‘B’ 7% preference shares, 1933, red; Kent Coal Concessions Ltd, South Eastern Coalfield Extension Ltd, Extended Extension Ltd and Deal & Walmer Coalfield Ltd., three pieces, one £5 bond, 1915, blue, two £100 bonds, 1915, blue and green, condition generally from very fine unless stated. (34) £100-120 507 Penryn Granite Quarries Company Ltd., three certificates for £20 shares, 186[6], no.408, 409, 414, vignette under title depicting ship at port, scrollwork at left, black, together with 12 more Slate/Stone companies comprising; Llangollen Lime and Fluxing Stone Company Ltd., £10 share, 1881, no.64 and 79; Liverpool and Birkenhead Slate and Slab Company Ltd., class A share for £20, 1859, no.683; New Delabole Slate Quarries Ltd., 10 shilling shares, 19[21], no.126; Abercwmeiddaw Slate Quarry Company Ltd., £100 share, 18[98], no.66, top right corner torn away; Pen-y-Bryn Slate Company Ltd., £50 share, 1882, no.229, damaged; Wheal Rashleigh and Criggan China Clay Company Ltd., £1 shares, 19[13], no.81, cancelled; Knightor, Treverbyn and Resugga Haematite Iron Ore Co. Ltd., £10 share, 1872, no.762; Trafford Stone Company Ltd., £1 ordinary shares, 190[2], no.17 and modern certificates (3), generally very fine unless stated. (13) £120-150

508 Welsh Gold!, A scarce trio of certificates comprising St. David’s Gold and Copper Mines Ltd., certificate for 5 shilling shares, 190[1], no.20, decorative title, scrollwork at left, Voel Mines (Merioneth) Ltd., £1 shares, 190[1], no.96, red, and North Wales Gold Ltd., certificate for 5 shilling shares, 19[36], no.7, ornate border, blue and black, the first two with rusty pin holes, generally very fine and all scarce. (3) £100-150 509 West Cork Mining Company, London, a group of 25 certificates for one share of £50, [1835], black on thick paper, good very fine and better. (25) £200-250 x510 West Cork Mining Company, £50 share, London [1836], no.1895, ornate scrollwork at left, printed in black on vellum, good very fine. £60-80

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GAS, WATER & ELECTRICITY 511 Public Utilities: A group of certificates comprising; East London Water Works, £100 share, 1847, no.4482, black printing, on vellum, red seal, with related transfer, also on vellum; Ulverston Gaslight and Coke Company, pair of certificates for £30 share, 1847, black on grey paper and £7 10s quarter share, 1858, black on grey paper, and, Maxwelltown and Dumfries Gas Company, shares, 18[68], small plain format, very fine to extremely fine. (4) £80-100

514 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. £80-100 515 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. £80-100

x512 British Gas Light Company, £50 share, 18[25], no.2924, ornate scrollwork at left, embellished heading with Gas Light ‘illuminated’, printed in black on vellum, conditions printed on the reverse, about extremely fine. £80-120

516 Metropolitan Water Board, 3% Metropolitan water (A) stock, a group of 20 certificates for varying amounts of stock, 19[06], serial numbers between 164 and 3921, scrollwork at left, blue, perforated CANCELLED, generally very fine. (20) £60-80

x513 British Gas Light Company, £50 share, 18[25], no.2925, ornate scrollwork at left, embellished heading with Gas Light ‘illuminated’, printed in black on vellum, conditions printed on the reverse, about extremely fine. £80-120

517 West Middlesex Water Works, certificate for 1 share of £100, 1813, no.3153, with all 15 instalments stamped as paid, large format, black, 4 pages, impressed duty stamps, together with 2 related printed transfer certificates dated 1829 and 1830, very fine. (3) £80-100 x518 West Middlesex Water Works, £100 share, 1813, no.3910 together with scrip receipt for one share, 1810, no.1558, share printed in black on vellum with large red seal, scrip on paper, share good very fine, scrip split at folds fine. (2) £60-80 519 A useful group of English Golf Club certificates (5), comprising Ashton & Lea Golf Club Ltd., 10s shares, 1936; Hunstanton Golf Club Ltd., £1 shares, 1926; North Downs Golf Club Ltd., £25 debenture, 1912; Perranporth Golf Club, loan certificate, 1927 and Walmley Golf Club Ltd., £1 shares, 1909, generally very fine or thereabouts. (5) £80-100 113

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COMMERCIAL & INDUSTRIAL 520 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) £80-100

524 A group of British share certificates (12), and private loan documents, insurance policies and miscellanea (36), dating from the 17th century through to the early 20th century, includes Reversionary Interest Society, one share, 1823, black, on vellum; Mediterranean Electric Telegraph, share, 1853; West Cowes Sea Bathing Co. Ltd., 1870 (2 examples); an office copy of a share transfer in the Portsmouth and Arundel navigation dated 1821, and Mudies Select Library Ltd., £20 share, 1864, an interesting lot worth close inspection, varied condition but many very fine. (48) £200-300

521 A group of British certificates (17), including Portsmouth New Harbour Co. Ltd., 191[4]; Middleton & Tonge Cotton Mill Co. Ltd., 18[75], large vignette of mill; Mediterranean Electric Telegraph, 185[4]; South Down Metal, Chemical and Brick Co. Ltd., 188[8]; Royal Mail Steam Packet Co., 19[33], and Hampshire Advertiser County Newspaper and Printing & Publishing Co. Ltd., various proof certificates, generally very fine or thereabouts. (17) £100-150 522 Three early British certificates, comprising Monmouthshire Iron & Coal Company, one share, 183[7], no.2619, issued to Admiral Sir Henry Digby; Reversionary Interest Society, one share, 182[3], large format, black, on vellum, and, Colquitt Street Tontine, share no. 54, Liverpool 180[7], black, on vellum, ink cancelled, fine to very fine. (3) £100-150 523 A good collection of British certificates, comprising Metropolitan Saloon omnibus Co. Ltd., 185[7], lovely vignette of horse drawn coach; Norfolk and Norwich Museum, share ticket, undated but circa 1838; Strand Music Hall Co. Ltd., 1862; Brighton Turkish Bath Co. Ltd., 1869; West Cowes Sea Bathing Co. Ltd., 1870; Mudies Select Library Ltd., 1864, signed by Mudie; Rossendale Union Foundry Co. Ltd., 1861; Inventors Assistance Company Ltd., 1859; Library Co. Ltd., 1862; British Honduras Co. Ltd., 1864; Northern Investment & Discount Co. Ltd., 1866; Drypool Workman’s Club Co. Ltd., 1878; Dumfries Cemetery Co. Ltd., 1881; Continental Mining and Metallurgical Co. Ltd., 1890; Commercial Union Permanent Land, Building & Investment Society, 1880; Englebourne Slate Quarries Ltd., £20 debenture, 1877, and others (7), fine to extremely fine. (23) £150-200

525 Anti-Dry Rot Company, two shares of £25 each, London 1836, no.4373, 4374, black printing on vellum, 4 pages, cut a little close at left, good very fine and rare. £120-150 Purchased the John Howard Kyan patents for preserving wood in 1836 and the process was widely used on important buildings including buildings in Regent’s Park and the British Museum. Although the process was used for wooden sleepers on the railways the iron fastenings corroded more quickly and better chemical processes soon evolved to tackle the problem. The company went out of business in the mid 1850’s.

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May 30, 2014 - LONDON 528 “Catseye” (Parent) Company Ltd., a pair of certificates comprising 8% cumulative participating preferred ordinary shares of 5 shillings each, 19[28], no.11, ornate border, navy blue, and deferred shares of 1 shilling each, 19[28], no.11, design as before, red, both about very fine. (2) £60-80 529 Chester Race Company Ltd., two certificates, each for £100 share, 189[3], no.90 and [1922], no.322, both have scrollwork to left and embossed seal, together with; Ensbury Park (Bournemouth) Racecourse Co., £1 shares, 19[23], no.46, red embossed seal, ornate border, blue; Greyhound Racing Association (South Wales) Ltd, 1 shilling shares, 19[27], no.10, decorative title and scrollwork, red; Greyhound Racing Association (Liverpool) Ltd., £1 preference shares, 19[27], no.70, ornate border and scrollwork, red, generally very fine or better. (6) £60-80

x526 British Aluminium Co. Ltd., a specimen 5% registered Prior Lien debenture for £100, 19(annotation for 1910), from the Bradbury, Wilkinson & Co. archive, vignette of Kinlochleven works at top, green and black, numbered 0000, small hole cancels over signature area, with coupons, American style, extremely fine. £60-80

530 Chibnall’s Bakeries Ltd., a quantity of certificates for 6% cumulative preference shares of £5 each, fully paid up, green (6) and £1 ordinary shares, blue (23), dates from 1899 to 1904, attractive piece with vignette of bakery buildings under title, border including vignettes of interior of bakery, wheat and stores, printed by Waterlow & Sons Ltd., all ink cancelled across face, generally very fine or thereabouts. (29) £200-300

527 Cambridge Cemetery Company, £10 share, 1843, no. 69, issued to Ebenezer Foster and signed by him and George Ebenezer Foster as Directors, black on cream paper, together with Winchester Cemetery Company, share no. 291, 184[1], black printing on vellum, pink paper and wax seal, very fine.

(2) £60-80 The cemetery of some 15 acres was situated on the North side of Mill Road and was consecrated in 1848. The Baptist Foster family were mill owners and founded a very successful bank in the town. They were heavily involved in many local businesses and projects and Ebenezer served as mayor in 1836/37. Fosters bank was sold to Lloyds bank in 1918.

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531 E. Mendelssohn & Co. 1906 Ltd., bearer warrant for 5 preference shares of £1, 1906, no.5033, attractive piece with vignettes of factory, early motor car and roadway, ornate border, brown, text in English and French, with coupons, good very fine. £60-80

533 Edison Telephone Company of Glasgow Ltd., certificate for 1 share of £100, 18[80], no.15, scrollwork at left and right, black, two light folds otherwise extremely fine. £60-80 534 Evans’s (Covent Garden) Ltd., a group of 100 121⁄ 2 % debentures for £10 each, 1871, part of an issue of £10,000, together with a group of 25 121⁄ 2 % debentures for £10 each, 1871, numbers 1 to 25, second issue, total £4,000, scrollwork at left, black, with coupons, a little surface dirt but very fine and better. (125) £200-300 535 Gas Traction Co. Ltd., a group of 39 5% debentures for £100, 189[4], large format pieces with ornate border, blue, printed by Waterlow & Sons, a little surface dirt but generally very fine and better. (39) £120-150

532 Eastern Telegraph Company Ltd, certificate for ordinary stock, 18[98], no.6127, ornate border and scrollwork to left, blue with yellow underprint, printed

by Waterlow & Sons, together with Electric Telegraph Company of Ireland, certificate for five £1 shares, 185[2], no.27926-27930, scrollwork at left, and Mediterranean Electric Telegraph, £10 bearer share, 185[-], no.21347, coat of arms and shield under title, text in French, English and Spanish, good very fine to extremely fine. (3) £80-100

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540 John Rigby & Co. (Gunmakers) Ltd., £10 shares, 190[18], no.18, ornate border, grey with yellow underprint, together with three more related companies comprising; National Explosives Company Ltd, £1 shares, 1[901], no.2152 and 19[02], no.2558, both black with green underprint, and Schultze Gunpowder Company Ltd., certificate for shares of £3:6:8, [1905], no.510, ornate border, vignette of hand grasping lightning bolts under title, black and orange, all very fine. (4) £80-100

536 Glasgow Ayrshire Society, certificate of membership, Glasgow 18[01], no.997, very attractive piece with arms in centre, cathedral at left, shipping at sea to right, black printing, on vellum, very fine and rare. £300-400 Society founded in 1761 “to contribute as much as possible towards the relief of the distressed”.

537 Golf Illustrated Ltd., £50 debenture, 1933, no.34 of 60 issued, ornate ‘tile’ style border, olive green with green underprint, embossed seal bottom right, with counterfoil, together with Stableford & Co. Ltd., debenture for £100, 1923, no.298, in the name of Frank Stableford of Wallasey, ornate scrolled border, blue, embossed seal bottom left corner, both very fine.

(2) £60-80

x541 London Clinic & Nursing Home Ltd., £1 shares, 12s 6d paid, 19(29), no.114, scrollwork at left, black, slight tone spotting, very fine. £40-50 542 New Phonopore Telephone Company Ltd, £1 shares, 189[914], no.106, scrollwork at left, blue, together with five more Telephone Company certificates comprising; Kilduchevsky Mega Telephone Syndicate Ltd, £1 shares, [1897], no.8, blue, Telephone Construction Company Ltd, £1 shares, 1898[9], no.52, black, National Telephone Company Ltd, three certificates, £5 third preference shares, 189[9], no.6238, maroon, £5 third preference shares, 18[95], no.3794, purple, and £5 third preference shares, 19[10], no.9698, maroon, the second from last with hole in centre, the last has corner missing otherwise generally very fine. (6) £80-100

Although Stabelford & Co were railway carriage builders based in Coalville, Leicestershire, Frank Stableford was the inventor of a golf scoring system using points rather than strokes played.

538 Hotel Metropole (Cromer) Ltd., a group of 23 First Mortgage debentures for £5, 1913[4], ornate border, black, generally extremely fine. (23) £80-100 539 James Lillywhite, Frowd & Co. Ltd., a series of 34 debentures for £50 each, 1916, of only 60 issued, large format, ornate border, black, 4 pages, good very fine. (34) £60-80

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LITERATURE 545 Course of the Exchange, published by James Wetenhall, broker of London, a bound volume of single sheets, January 1st 1828 and a complete run from January 4th 1828 through December 30th 1828, 105 sheets, folio, bound with marble boards, detached, first page poor, the balance in excellent condition. £600-800 These single twice-weekly sheets listed Government funds, Foreign bonds, and many companies including canals, insurance, mines and a handful of railways. Also mentioned is the price of coal, grain and corn exchanges.

543 Sandow’s Cocoa and Chocolate Co. Ltd., £1 ordinary shares, 191[2], numbers 7 to 20, all signed

by Eugen Sandow and issued to Sandow Ltd., numbers 101 to 106, issued to Eugene Sandow and signed by different directors, number 293, also issued to Eugen Sandow and signed by A.W. Gamage as director; £1 preference shares, 191[2], numbers 2225 and 2226, signed by A.W. Gamage as director, number 2596, issued to Sandow Ltd., all brown, printed by Waterlow & Sons; Sandow Ltd., £100 debentures, 189[9], numbers 12 to 38 and 45 to 50, all issued to Eugen Sandow and signed by Warwick Brookes and Warwick Brookes Jnr. as directors, numbers 94 to 100, issued to Warwick Brookes and signed by Eugen Sandow and Warwick Brookes Jnr as directors, brown, mostly very fine and better and an interesting lot. (60) £120-150

546 The Stock Exchange Yearbook, 1896, by Thomas Skinner, 22nd annual edition, 1376pp plus li index and advertisements at front, and xxxi advertisements at rear original binding, small tear at headband, wear and tear on joints and corners, light stain back cover contents mostly tight £200-300 547 The Stock Exchange Year Book, 1899, by Thomas Skinner, 25th annual edition, 1658pp + lxviii index and advertisements at front + xlii advertisments at rear, rebound with leather spine and marbled boards, contents in good condition. £200-300 548 The Stock Exchange Yearbook, 1901, by Thomas Skinner, first page missing, 1782pp plus lxiv index and advertisements at front and xiv advertisements at rear original binding, ex library, joints worn with small tear top front, contents fairly clean and tight £200-300 549 The Stock Exchange Yearbook, 1903, by Thomas Skinner, 29th annual edition, 1898pp plus lxvi index and advertisements at front and xlvi advertisements at rear original binding, small tears on head and tail of psine, corners chipped with nick centre right of board original binding, small tears on head and tail of psine, corners chipped with nick centre right of board, contents in good condition £150-200

544 Tynemouth Aquarium and Winter Garden Co. Ltd., £10 share, 18[77], no.3624, vignette of the glass covered Winter garden building, Tynemouth Abbey at left within scrollwork, pink, good very fine. £80-100

550 The Stock Exchange Yearbook, 1905, by Thomas Skinner, 31st annual edition, 958pp plus lxiv index and advertisements at front and xlvi advertisements at rear original binding, ex library, scuffing at, first few pages slightly loose, remains of sticker at lower spine, large tear on tail and tears also on joints, contents good £150-200

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May 30, 2014 - LONDON 551 The Stock Exchange Yearbook, 1906, by Thomas Skinner, 32d annual edition, 2044pp plus lxv index and advertisements at front and xliv advertisements at rear original binding, ex library, tear at left head of spine, old sticker bearing “109” bottom of spine, nick on bottom corner of cover and small section of material loose top cover corner original binding, ex library, tear at left head of spine, old sticker bearing “109” bottom of spine, nick on bottom corner of cover and small section of material loose top cover corner original binding, ex library, tear at left head of spine, old sticker bearing “109” bottom of spine, nick on bottom corner of cover and small section of material loose top cover corner mid section of contents warped, otherwise good £150-200 552 The Stock Exchange Yearbook, 1907, by Thomas Skinner, 33nd annual edition, 2142pp plus lxiv and advertisements at front and xlii advertisements at rear original binding, sticker “106” on lower spine, slightly bumped corners, several small tears at head and tail, one loose page, otherwise contents good £150-200 553 The Stock Exchange Yearbook, 1908, by Thomas Skinner, 34th annual edition, 2236pp plus lxvi index and advertisements at front and xliv advertisements at rear original binding, small splits on spine, one page partially loose, contents reasonably tight, good £150-200 554 The Stock Exchange Yearbook, 1909, by Thomas Skinner, 35th annual edition, 2296pp plus lxviii index and advertisements at front and xlviii advertisements at rear original binding, wear and tear on joints, top corners bent inwards with slight knocking on lower corners, contents good £150-200 555 The Stock Exchange Yearbook, 1910, by Thomas Skinner, 36th annual edition, 2408pp plus lxix index and advertisements at front and xlviii advertisements at rear original binding, corners bumped, two small missing sections of left hand joint, round sticker “106” lower spine, contents tight £150-200 556 The Stock Exchange Yearbook, 1911, by Thomas Skinner, 37th annual edition, 2580pp plus lxxvi index and advertisements and xliv advertisements at rear original binding, round sticker “106” on lower spine, corners bumped, two tiny pinholes on right joint, contents tight, a good year for the 1910 rubber boom £150-200 557 The Stock Exchange Yearbook, 1912, by Thomas Skinner, 38th annual edition, 2098pp plus lii and advertisements at front and I advertisements at rear original binding, scuffed corners and joints, round sticker “106” on lower spine, small fade marks on centre, contents good £150-200

558 The Stock Exchange Yearbook, 1913, by Thomas Skinner, 39th annual edition, 2196 p liv index plus advertisements at front and xlviii advertisements at rear original binding, scuffed corners small pinhole left at top left joint, small round sticker “106” lower spine, contents reasonably tidy £150-200 559 The Stock Exchange Yearbook, 1914, by Thomas Skinner, 40th annual edition, 2234pp plus lvi index and advertisements at front and xlii advertisements at rear original binding, round sticker “92” at lower spine, bumped corners, small tear lower spine one loose page, otherwise contents good £150-200 560 The Stock Exchange Yearbook, 1915, by Thomas Skinner, 41st annual edition, 2269pp plus liii index and advertisements at front and xlii advertisements at rear original binding, ex library, small split top centre spine, general scuffing and dint at left centre on board, round sticker “99” lower spine, half page missing at rear, otherwise contents good £150-200 561 The Stock Exchange Yearbook, 1916, by Thomas Skinner, 42nd annual edition, 2278pp plus lii index and advertisements at front and xlii advertisements at rear original binding, split at top left smaller splits low joint and small split low right spine, bumped corners, round sticker at low spine, ex library, contents good £150-200 562 The Stock Exchange Yearbook, 1919, by Thomas Skinner, 45th annual edition, 2596pp plus liv index and advertisements at front and advertisement back cover original binding, ex library, small sticker “64” at lower spine, large split in joint at front, some dints at right of cover contents reasonably good £120-150 563 The Stock Exchange Yearbook, 1920, by Thomas Skinner, 46th annual edition, 2792PP plus lviii index and advertisements at front and advertisement back cover original binding, scuffed corners and joints, small sticker “64” at lower spine, penultimate page partially torn, otherwise fairly tight £120-150 564 The Stock Exchange Yearbook, 1921, by Thomas Skinner, 47th annual edition, 2728pp plus lviii index and advertisements at front and advertisement back cover original binding, crimped spine, small sticker “64” lower spine, corners knocked, fading in the joints, contents good £120-150

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BONDS AND SHARE CERTIFICATES OF THE WORLD 565 The Stock Exchange Yearbook, 1922, by Thomas Skinner, 48th annual edition, 2868pp plus liv index and advertisements at front and advertisement back cover original binding, scuffing at joints and corners, top and lower spine damaged, small sticker “64” on lower spine, contents good £120-150 566 The Stock Exchange Yearbook, 1923, by Thomas Skinner, 49th annual edition, 3172pp plus lviii index and advertisements at front and advertisement back cover original binding, front cover and spine detached, corners bumped and front lower corner threadbare, small sticker “62” lower spine, despite cover damage contents fairly good £120-150

LATIN AMERICA ARGENTINA 570 Argentine Republic, Treasury Bill, a specimen Treasury Bill for £25, from the Bradbury, Wilkinson & Co. archive, London 14th February 1933, payable at Baring Brothers & Co. Ltd., scrollwork at left, green, two cancellation holes in signature area, with counterfoils, extremely fine. £50-60

567 The Stock Exchange Yearbook, 1924, by Thomas Skinner, 50th annual edition, 3162pp plus lxii index and advertisements at front and advertisement front and back cover original binding, front cover and spine almost detached, scuffing on joints and corners, crimped spine, material loose at top of spine, contents about good £120-150 568 The Stock Exchange Yearbook, 1925, by Thomas Skinner, 51st annual edition, 3204pp plus lxii index and advertisements at front and advertisement back cover, also The Stock Exchange Yearbook, 1926, by Thomas Skinner, 52nd annual edition, 3400pp plus cxc index and advertisements at front and advertisement back cover first, original binding, general suffing around cover, small sticker “64” at lower spine, second, original binding, part of material at head missing, splits in both joints, corners knocked, small sticker “64” at lower spine, first, contents fairly tight, second, contents tight £150-200 569 The Stock Exchange Yearbook, 1927, by Thomas Skinner & Co, 53rd annual edition, 3296pp plus clxvii index and advertisements at front and advertisement back cover, also The Stock Exchange Yearbook, 1928,

by Thomas Skinner & Co, 54th annual edition, 3380pp plus clxxxiii index and advertisements at front first, top of spine torn, centre and low spine repair using blue material, small sticker “165” at lower spine, several tears at top of cover, corners and edges knocked, second, original binding, spine has become detached at left, scuffed edges and corners, advert on spine, small sticker “165” on lower spine, first, several loose pages, otherwise conents fairly good, second, contents tight £150-200

571 Province of Santa Fe, Nothern Colonies Extensions Railway of Santa Fe, a specimen 5% mortgage bond for £100, 1885, from the Bradbury, Wilkinson & Co. archive, large format, arms at top, black with pink underprint, with coupons, left edge a little uneven where removed from backing, almost extremely fine. £80-100

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573 Argentine Great Western Railway Co. Ltd., debenture stock, specimen certificate printed by Bradbury, Wilkinson & Co., 18- (circa 1890), Argentine arms at top, black with pink underprint, with counterfoil, about extremely fine. £80-100 574 Argentine Railway Company, a group of 84 certificates for 10 common shares, 19[19], ornate border, black and slate blue, English revenue stamp, very fine to extremely fine. (84) £80-100 572 Province of Santa Fe, Santa Fe Reconquista Railway, a specimen 5% mortgage bond, for £100, 1887, from the Bradbury, Wilkinson & Co. archive, coat of arms at top, very ornate border, black on green underprint, with coupons, small hole cancels, top left edge with some repair, good very fine. £60-80

575 Compañia Tramways Electricos del Sud, a set of certificates for 1, 5 and 10 shares of 100 pesos, Buenos-Aires 190[13], attractive pieces with vignette of tramcar at top, ornate border and decorative underprint, brown and black print with green, yellow and orange underprints respectively, generally very fine, the latter a little better. (3) £100-150 576 Compañia de Tramways Eléctricos del Sud (Southern Electric Tramways Co.) Buenos Aires, a group of 5 first mortgage debentures for £100, 192[7], large format piece with ornate borders, orange and black, printed by Waterlow & Sons, with coupons, one with tear at edge, very fine to extremely fine. (5) £100-150

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577 A.De Micheli y Cia., 100 peso share, 1922, no.0312, ornate border, vignette above title depicting allegorical figures with torch, boats and anchor, blue and yellow, with coupons, about extremely fine. £60-80

579 S.A. Dock Sud de la Capital, certificate for 10 shares of 100 pesos each, Buenos Aires 1889, no.3919, vignette of female figure on dock, sailing ships in background, blue and black, together with 15 more South American certificates comprising; Brazil Railway Co., four pieces, $100 preference share 1910, two 41⁄ 2 % bonds for 500 francs, both 1909, 41⁄ 2 % gold bond for £20, 1909; Compagnie Francaise de Chemins de Fer Vénézuéliens, 1893; Canal Interocéanique de Panama, 18[86]; Nicaragua Co. Ltd., 18[90]; Banana du Rio-Grande, [1916]; Anglo-South American Bank Ltd., 19[23] and others (5), generally very fine, some better. (16) £120-150

BOLIVIA

578 Anglo Argentine Co. Ltd., a group of 12 bearer warrants for five £1 shares, all 1868, scrollwork at left, large embossed seal at bottom depicting Sun, black, top one with some surface dirt otherwise about extremely fine or thereabouts. (12) £60-80

580 Compañia San Vincente de Bolivia, certificate for one share of 1000 bolivianos, 1887, no.24, ornate border, vignettes of workers in mine shaft, maroon and black with green underprint, together with four more Bolivian certificates comprising; Empresa Minera “La Confianza”, 50 boliviano shares, 1904, no.126, blue and yellow; Credito Hipotecario de Bolivia, three pieces, 1[909], 18[96] and 19[30], all with ornate borders and vignettes of livestock and female figures, the first green, latter two brown, all extremely fine. (5) £100-120 WWW.SPINK.COM

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BRAZIL

584 City of Santos 6% Internal Sterling Loan of 1910, a group of unissued bonds for £20 (11) and £100 (6), very large format, large panoramic vignette of dockside, railway and city, text in English and Portuguese, red and blue respectively, printed by Waterlow & Sons, with all coupons, generally extremely fine. (17) £30-400

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

(3) £150-200

x585 Bella Raquel Company, share, 184[7], no.285, signed by John Taylor Jnr as secretary, thin ornate border at left, black printing, embossed seal depicting ‘Bella Raquel’ bottom right, transfers on reverse, good very fine. £60-80

582 State of Bahia, 1913, 5% Gold Loan, a part set of bonds for £20, £100 and £500, shipping at dockside, ornate borders, blue, green and brown respectively, printed by Bradbury, Wilkinson & Co., all with coupons, all hole cancelled, generally very fine. (3) £150-200 583 State of Bahia, 1913, 5% Gold Loan, a group of 3 bonds for £20, shipping at dockside, ornate borders, blue and black, printed by Bradbury, Wilkinson & Co., with coupons, all hole cancelled, generally very fine. (3) £80-100

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CHILE

587 Cia. Salitrera “Maria Teresa” de Aguas Blancas, a small group of certificates for 1 share (3) and 10 shares (2) of 20 pesos, Santiago 19(07), attractive vignette of Nitrate works, scrollwork and monogram at either side, ornate borders, blue and brown respectively, with coupons, about extremely fine, one only very fine. (5) £120-150

COLOMBIA

586 Chilian Northern Railway Co. Ltd., 5% debenture for £20, 1914, no.C3216, vignette of steam engine under title, ornate border, red, printed by Bradbury, Wilkinson & Co., with all coupons and not cancelled, very fine to extremely fine. £60-80

588 Columbian Mining Association, certificate for £100 shares, 18[28], finely engraved ornate engine turned designed border, black, extremely fine. £200-250 WWW.SPINK.COM

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CUBA 591 Cuba Railroad Co., a pair of Improvement and Equipment 5% 50-Year Gold Bonds for $1000, 1910, both signed by W.C.van Horne as President, steam train at top, green and black, with coupons, together with Ferro-Carril de Guantanamo, 100 peso share, 1882 ink burns at top; Cienfuegos, Palmira & Cruces Electric Railway & Power Co., $1000 bond, 1918; Mexico, City of Oaxaca de Juarez, 1000 pesos, 1910 and Buenos Ayres Lacroze Tramways Co., £100 debenture, 1910, generally fine to very fine, the first two better. (6) £80-100

589 Cienfuegos Palmira & Cruces Electric Railway and Power Company, $100 shares, 191[6], no.103, decorative title with vignette of allegorical figure, ornate border, green and black, together with four attractive American companies operating in South America, comprising; Colombia: Certigue Mining & Dredging Co., 19[12], no.5323; Peruvian Mining Smelting and Refining Co., [1907], no.A315; Mexico: Tabasco and Chiapas Trading and Transportation Co., 190[9], no.9002, and; Cuban Land Co., 1[898], no.107, generally very fine, the first extremely fine. (5) £80-100

590 Cuba Railroad Company, 5% 50 year Gold Bond for $1000, 1910, no.M3765, attractive vignette of steam trains passing station at top, green and black, printed by the American Bank Note Co., with coupons, extremely fine. £60-80

592 Cuba Northern Railways Company, 5% first mortgage Gold Bond for $1000, 1927, no.M1786, ornate border, trio of vignettes at top depicting sugar cane harvesting, steam engine with engineer and crane loading carriages, black and orange, with coupons, good very fine. £60-80 593 Cuba Northern Railways Company, a group of 5 certificates, 5% first mortgage Gold Bonds for $1000, 1927, ornate border, trio of vignettes at top depicting sugar cane harvesting, steam engine with engineer and crane loading carriages, black and orange, all with coupons, all very fine. (5) £300-400 125

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ECUADOR 596 Government of Ecuador, ‘provisional bond’ or ‘land warrant’ for £100, 1855, no.2708, ornate border with Ecuador coat of arms, large map of Ecuador on reverse, blue, very fine. £60-80

594 Empresa del Ferro-Carril Urbano y Omnibus de la Habana, 500 peso share, 18[76], no.0541, horse drawn tramcar in centre, black, ink cancelled and single hole cancel unfortunately through the vignette, counterfoil re-attached, tiny chip from bottom edge, the ink has burned very slightly, very fine. £60-80

595 A small collection of Cuban Oil and Mining certificates (7) comprising Petrolera Nacional de Motembo, S.A., 5 peso share, Havana 19[39], no.000074, border depicting drilling work, underprint vignette of oil derrick in oilfield, brown on yellow paper, with coupons, together with Union Oil Co., S.A., 1 peso shares, 191[7], attractive piece, olive green; Guanabacoa Oil Co., 1000 shares, [1918], green; Cia. Minera “Aida Rosa” S.A., 100 peso share, 1916, brown; Cuban Oils Co., 100 peso shares, 19[38], green; Cia. Minera “La Corona” S.A., 1 peso shares, 191[8], green, and; Cia. Minera “La Preciosa del Mabay” S.A., 50 peso share, 1916, black and red, very fine or thereabouts. (7) £100-150

597 Republic of Ecuador, 1901, Guaranteed Internal Debt, bond for 100 condores, no.470, large format piece with coat of arms at top, ornate border, green and black, text in English and Spanish, printed by the American bank Note Co., hole cancelled, very fine and very rare. £80-100

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MEXICO

598 Republic of Ecuador, 1901, Guaranteed Internal Debt, bond for 100 condores, no.474, large format piece with coat of arms at top, ornate border, green and black, text in English and Spanish, printed by the American Bank Note Co., hole cancelled, very fine and very rare. £80-100

601 Republic of Mexico, 10% Internal Loan, bond for 100 pesos, 18[59], no.1554, pretty piece with Mexican Eagle at top, delicate border of scrollwork, black and orange on very fine pale blue paper, with coupons, cut cancelled, good very fine. £60-80 599 Guayaquil and Quito Railway Company, First mortgage bond, $1000, 1899, no.00681, steam train at top, ornate border, green and black, printed by the American Bank Note Co., with coupons, hole cancelled, together with related fractional scrip certificates dated 1903 and 1904, very fine, the latter better, all scarce. (3) £100-120

602 Republic of Mexico, 10% Internal Loan, bond for 100 pesos, 18[59], no.1568, pretty piece with Mexican Eagle at top, delicate border of scrollwork, black and orange on vey fine pale blue paper, with coupons, cut cancelled, very fine. £60-80 603 Institution for Encouragement Works and Development of Agriculture, 35-Year 41⁄ 2 % Gold Bond, $100, 1908, large format with eagle in centre, farmer and plough to right, river scene to left, green and black; together with National Railways of Mexico, 4% general mortgage gold bond, $100, Porfirio Diaz in centre, green and black and Tehuantepec National Railway Co., 5% Loan, 1904, 3 bonds for £100 or 2040 marks, mauve with green underprint, all with coupons, very fine to extremely fine. (5) £100-150

HONDURAS 600 Honduras Government 10% Railway Loan, 1867, bond for £20, black, blue underprint, text in English and French, with coupons; together with a net profit certificate relating to the same loan, black, pink underprint, both about very fine (2). £60-80 Issued to fund an Interoceanic Railway from Puerto Caballos on the Atlantic to the Bay of Fonseca on the Pacific.

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

(14) £80-100

605 National Railroad Company of Mexico, two first consolidated mortgage 4% Gold Bonds, certificates for $1000, 1902, no.M6407 and M5712, ornate border, Mexican Eagle at top left, green and black, both with coupons, both good very fine. (2) £120-150

606 Banco de Zacatecas S.A., 100 peso shares, Zacatecas 1891, no.2842, vignette at top left of panoramic town view, black, impressed revenue stamp, extremely fine. £80-100

607 Banco Hipotecario de Credito Territorial Mexicano, S.A., 100 peso share, 1914, no.54962, ornate border, vignette of female bust under title, black and blue, with coupons, together with 5 more Mexican certificates comprising; Banco Central Mexicano S.A., one series A share, 1908, no.263195, ornate border, green and black, with coupons; Compañia Azucarera del Panuco S.A., 100 peso share, 1900, no.6274, ornate border, vignette depicting woman beside Mexican Eagle with plantation and river in background, black and blue, with coupons; Ferrocarriles Nacionales de México, 10 shares for 200 pesos, 1909, no.P39586, ornate border, male bust at top, green and black, with coupons; Compañia Minera y Beneficiadora El Coloso y Anexas, S.A., 50 peso share, 1910, no.05323, ornate border, brown, with coupons, and Compañia Petrolera Mexicana Faros de Aztlán S.A., 20 peso share, 1916, no.0480, decorative Aztec style border, brown and blue, with coupons, very fine to extremely fine. (6) £100-120

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608 El Buen Tono; Cia Manufacturera del Cigarro Sin Pegamento, 50 peso share, Mexico 1912, vignette of cigar making machine in centre, eagle above, ornate border, blue, brown and red, impressed revenue stamps, together with Cia Azucarera del Panuco, $100 share, Mexico 1900, lovely vignette of allegorical figure with sugar cane to left and loading river boat to right, blue and black and Negociacion Agricola ‘La Sautena’, $100 share, large format piece with map in top half, small vignettes in corners, all with coupons, very fine to extremely fine. (3) £60-80

610 Negociacion Agricola “La Sautena”, a group of 9 certificates for $100 share, Mexico 1907, large format with very large map of the Sautena hacienda in the State of Tamaulipas, steamship and steam train lower corners, green, black, red and blue, impressed duty stamp, printed by Giesecke & Devrient, with coupons, all extremely fine. (9) £100-150

609 La Rifa Tombola Zoológica, 50 peso share, Mexico 1890, no.725, black with pale blue underprint, adhesive stamp top left, with coupons, extremely fine. £60-80

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PERU

611 República del Perú, 6% Internal Loan, series C, certificates for 1000 soles gold, 1943, no.08433, 08339, 08341 and 08342, ornate border, Peru Coat of Arms under title, black and brown, all with coupons, good very fine. (3) £80-100

612 Ministras de Real Hacienda de las Caxas de Lima, 5% Loan, bearer bond for 500 pesos, 1815, no.1, attractive piece with illustrative border and Spanish Royal Coat of Arms at top, black, extremely fine. £550-650 Signed by the Spanish Viceroy (1804-1816) “Marques de la Concordia” who rendered much help to the Spanish Government, shipping as much Silver as could be mined to finance the War against Napoleon.

613 Callao & Lima, & Pacific Coast Railway Co., a series of 3 certificates for 5, 10 and 20 shares of £10 each, £1 paid, undated but circa 1845, no’s.305, 340 and 40, scrollwork at left, blue, black and green respectively, all with dusky pink underprint, very small tone spot on the latter, otherwise extremely fine. (3) £80-100 614 Callao & Lima, & Pacific Coast Railway Co., a quantity of certificates for 5 (48) and 10 (12) shares of £10 each, £1 paid, undated but circa 1845, scrollwork at left, blue and black respectively, dusky pink underprint, generally extemely fine. (60) £400-500

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May 30, 2014 - LONDON 615 National Pisco to Yca Railway Co., £100/500 soles bond, 1869, large format with ornate border, arms with steam engine in centre, pink, together with Republic of Costa Rica, 1911 Refunding Loan, bond for £20, large format, coat of arms at top, green and black, Waterlow & Sons, Chilian Northern Railway Co., £100 debenture, 1912, steam train at top, green and black, hole cancelled, and an unissued certificate in the South-eastern Gold Mining Co. Ltd., circa 1930, all without coupons and stuck down on heavy board, fine to very fine. (4) £60-80

617 Banco Peru y Londres, SPECIMEN bearer bond for 100 Gold Peruvian pounds, 1890’s, attractive piece with vignette at top right depicting steam and sailing ships, ornate border, turquoise and black, printed by Bradbury Wilkinson & Co., with coupons, extremely fine. £60-80 x618 Peruvian Mining Company, one share, London 1825, no. 4581, issued to David Barclay Chapman, Banker, ornate scrollwork at left, black printing, extremely fine. £80-100

616 Compañia Nacional del Ferrocarril Mineral de Pasco, certificate for 500 sol, Lima 1872, no.271, ornate border and vignettes of steam train running through agricultural land, mountains in background at top and mine worker at bottom, blue and black, with coupons, together with four more Peruvian certificates comprising; Compañia del Ferrocarril de la Oroya y Mineral de Pasco, £100 share, Lima 1878, no.2965, vignettes of steam train, farmers with livestock and mine workers, brown and black; Banco La Providencia, 400 sol share, Lima 18[71], no.2341, black; Compañia Territorial de la Bella Union, £5 share, Lima 190[5], no.56, ornate title with vignette of mine workers, brown and yellow; and Corocoro United Copper Mines Ltd., £1 bearer share, Paris 19[22], no.A11733, vignette of mine workers, red and black, with coupons, first four extremely fine, last only very fine. (5) £100-150

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URUGUAY

619 Oriental Republic of Uruguay, 1892 31⁄ 2 % Consolidated Debt, bond for £20, no.121890, large format, coat of arms at top, allegorical figures in borders, blue and black, text in English and Spanish, printed by Bradbury, Wilkinson & Co., with coupons, stamped CANCELLED, fine to very fine and scarce. £100-120 620 Oriental Republic of Uruguay, 1892 31⁄ 2 % Consolidated Debt, bond for £100, no.046341, large format, coat of arms at top, allegorical figures in borders, green and black, text in English and Spanish, printed by Bradbury, Wilkinson & Co., with coupons, stamped CANCELLED, very fine and scarce. £100-120

622 Oriental Republic of Uruguay, 1892 31⁄ 2 % Consolidated Debt, bond for £500, no.015508, large format, coat of arms at top, allegorical figures in borders, yellow and black, text in English and Spanish, printed by Bradbury, Wilkinson & Co., with coupons, these stamped CANCELLED but nothing on the bond itself, has been framed so a little discoloured, traces of mounting, fine to very fine and rare. £120-150

621 Oriental Republic of Uruguay, 1892 31⁄ 2 % Consolidated Debt, bond for £100, no.099739, large format, coat of arms at top, allegorical figures in borders, green and black, text in English and Spanish, printed by Bradbury, Wilkinson & Co., with coupons, stamped CANCELLED, fine to very fine and scarce. £100-120

623 Republic of Uruguay, 1919, 5% External Gold Loan, bond for £20, no.14389, dated 1920, large format piece with coat of arms at top, ornate border, red and black, text in English and Spanish, printed by Waterlow & Sons, stamped ‘ASSENTED BOND’ on face, hole cancelled, with one coupon remaining, small edge tears but about very fine and rare. £120-150 WWW.SPINK.COM

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May 30, 2014 - LONDON 624 Republic of Uruguay, 1919, 5% External Gold Loan, bond for £20, no.16189, dated 1920, large format piece with coat of arms at top, ornate border, red and black, text in English and Spanish, printed by Waterlow & Sons, stamped ‘ASSENTED BOND’ on face, hole cancelled, with one coupon remaining, tear at top right corner, fine to very fine and rare. £120-150

626 United States of Venezuela, Consolidated Internal Debt, non interest bearing bond for 500 bolivares, Caracas 1906, series 5, no.24-21, coat of arms in centre, ornate border, blue and black, about very fine and scarce. £80-100 627 United States of Venezuela, Consolidated Internal Debt, non interest bearing bond for [187.50] bolivares, Caracas 1906, series 7, no.163-365, coat of arms in centre, ornate border, blue-green and black, split at centre fold, fine to very fine and scarce. £60-80

VENEZUELA

628 Venezuela Central Railway Co. Ltd., a large group of £10 second debentures, first printing 19[10] (137) examples and second printing 19[12] (50) examples, large format with ornate border, brown and green, with coupons, mixed condition but mostly very fine to extremely fine. (187) £150-200

WEST INDIES, BRITISH GUIANA AND BRITISH HONDURAS

629 British Honduras Syndicate Ltd., £10 shares, 18[91], no 118 a very attractive and unusual design of palm trees with bananas, pineapples and other produce, small steamship and coastline in centre, black, red seal at bottom right, very fine. £140-180

625 United States of Venezuela, Consolidated Internal Debt, non interest bearing bond for 5000 bolivares, Caracas 1906, series 2, no.18-05, coat of arms in centre, ornate border, red and black, fine to very fine and scarce high denomination. £100-120 133

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GOVERNMENT

630 Port Royal & St. Andrew’s Copper Mining Company of Jamaica, a group of 20 certificates for 1 share, 5 shillings paid, all 1853, scrollwork at left, embossed seal bottom left corner, black, very fine to extremely fine. (20) £120-150

633 1817/18 6% Perpetual Annuities, a nominative certificate for 500 roubles silver, printed date 1854, no.33653, double headed eagle at top, black, text in Russian with French on the reverse, crease at right, about extremely fine and a scarce issue. £80-100

631 West India Improvement Co., a group of 9 first mortgage 4% 10 yr bonds for $1000, 1889, allegorical figure at top left, ornate border, green, printed by the American Bank Note Co., all with coupons, generally about very fine. (9) £150-200

RUSSIA MISCELLANEOUS LOT 632 A group of Russian certificates (36), a few late 19th century but the majority are early 20th century, including; Russko-Gollandski Bank, 1916; Union Bank, 1909; St. Petersburg Joint-Stock Commercial Bank, 1910; Compagnie Centrale D’Electricite de Moscou, 1899; Etablissements Industriels de Berdiansk ‘John Greaves & Co.’, 1899; Tramways de Simferopol; Russian Collieries Co., 1902, and Les Ateliers Franco-Russes, 1895, generally very fine, some better. (36) £200-250

634 1817/18 6% Perpetual Loan, bearer certificate for 500 roubles, printed date 1864, text in Russian with French on the reverse, double headed eagle, black, with coupons, light discolouration only on the Russian text, good very fine. £120-150 635 1822 5% ‘Rothschild’ Loan, bond for 720 roubles or £111, handsigned by Nathan Meyer Rothschild, double headed eagle at top, black, on poor quality paper, with talon, heavy folds but without the usual tape repairs, fine. £80-100

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May 30, 2014 - LONDON 636 1822 5% ‘Rothschild’ Loan, bond for 960 roubles or £148, handsigned by Nathan Meyer Rothschild, double headed eagle at top, black, on poor quality paper, with talon, folds but without repairs, good fine. £100-120

638 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. £150-200 639 Soviet Union: War Loan, 1945, bonds for 25, 50, 100 and 200 roubles, soldiers at bottom with aircraft and factories at sides, together with post war loans, comprising 1946, 100, 200 and 500 roubles, this rare; 1949, 50 roubles; 1955, 10 and 100 roubles, and 1956, 200 roubles, a couple only fine but otherwise very fine and better. (11) £80-100

637 1822 5% ‘Rothschild’ Loan, bond for 3360 roubles or £518, handsigned by Nathan Meyer Rothschild, double headed eagle at top, black, on poor quality paper, with talon, folds but a very nice example of this rare denomination, good fine. £250-300

CITY LOANS 640 A group of Russian City Loans (27) and State Loans (70), with some duplication, includes Poti, 1900, 100 roubles; St.Petersburg, 1891, 100 roubles; Warsaw, 7th Loan, 1903, 100 roubles; Moscow, series XXV, 100 roubles and series XXXI, 500 roubles, some without coupons, condition mixed but some are very fine. (97) £250-300 641 City of Moscow, 1912 41⁄ 2 % Loan, bond for £500, no.1041, large format, coat of arms at top, mauve and black, text in Russian, English and French, with coupons, extremely fine. £60-80

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642 City of Moscow, 1912 41⁄ 2 % Loan, bond for £1000, no.245, large format, coat of arms at top, red and black, text in Russian, English and French, with coupons, extremely fine. £120-150

x644 City of St.Petersburg, 4% Loan of 1913, a scrip certificate for £100, no.C32742, ornate border, orange, stamps showing all instalments paid, printed

by Waterlow & Sons, left edge with a few tears but no paper loss, about very fine and rare. £80-100

643 City of Nikolaef, 5% loan, 1912, bonds for £100 and £20 (2 examples), from the second issue, blue and brown, 265 and 400 issued respectively, with coupons, nearly extremely fine and scarce. (2) £60-80

x645 City of St.Petersburg, 4% Loan of 1913, a scrip certificate for £1000, no.A3, ornate border, green, stamps showing all instalments paid, red overprint JULY, 1914, ISSUE, printed by Waterlow & Sons, about very fine and rare. £120-150 WWW.SPINK.COM

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RAILWAYS 647 Armavir Touapse Railway Co., 41⁄ 2 % Loan, 1909, a group of 6 bonds for £500, ornate border, red and black, with coupons, one with tiny edge tear otherwise good very fine to extremely fine. (6) £250-300

646 Lithuania: City of Wilno (Vilna), 1931 5% Sterling Conversion Loan, bond for £20, no.A0032, ornate border, blue and black, printed by Bradbury, Wilkinson & Co., with coupons, hole cancelled, good very fine. £60-80

648 Riazan-Uralsk Railway Company, 41⁄ 2 % Loan 1893, bond for 5000 roubles, no.01942, ornate border, mauve and black, without coupons, extremely fine. £150-200

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

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x649 Troitzk Railway Company, 41⁄ 2 % Loan, 1910, bond for £500, no.C12512, of only 100 issued, ornate border, red and black, text in English and Russian, with coupons, edge tears at top, large split at fold at right, fine to very fine, rare. £150-200 x650 Troitzk Railway Company, 41⁄ 2 % Loan, 1910, bond for £500, no.C12514, of only 100 issued, ornate border, red and black, text in English and Russian, with coupons, some edge tears at right and top but the body very fine, rare. £300-400 x651 Troitzk Railway Company, 41⁄ 2 % Loan, 1913, bond for £500, no.C61191, of only 1400 issued, ornate border, red and black, with coupons, couple of small nicks in top edge, good very fine. £60-80

652 Wladikavkas Railway Company, 4% Loan, 1900, US$1000 bond, no.6528, ornate border, red and black, with coupons, couple of small edge splits at folds, about very fine and scarce. £60-80 653 Wladikawkas Railway Company, 4% Loan, 1900, bond for $1000 gold, no.1676, no coupons, together with a large collection/accumulation of Russian railway bonds including Railway Ministry, 41⁄ 2 % Loan, 1917, 1000 roubles, some duplication, mixed condition but some are very fine and a useful starter collection. (176) £400-500

BANKS, COMMERCIAL & INDUSTRIAL 654 A group of Russian banks (51), with some duplication and including many issues of the Peasants Land Bank and the Imperial Land Bank for the Nobility, better pieces include Banque Fonciere du Gouvernement de Kherson, 1000 rouble bond; Banque Fonciere de la Nobless a Koutais; Banque Fonciere de Charkow; Banque Russe du Commerce et de L’Industrie; Banque Fonciere de Moscou, and 10 examples of the Banque de Commerce de Siberie, various dates and denominations including a 3 shares, 1909, mixed condition but many very fine. (51) £300-400

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May 30, 2014 - LONDON 655 An interesting group of 68 Russian Company shares, mainly heavy engineering, metals and oil, a little duplication, better pieces noted are Production des Huiles Minérales Russes et Autres Produits Chimiques “S.M.Schibaieff & Cie”, £20 bond, 1902; Russisch-Baltischen Waggon-Fabrik, 250 roubles, 1906; Fabrication de Tubes, 5 bonds of 500 francs, 1913; Usines de Construction de Machines Hartmann, 100 rouble shares, 1897 and 1899, and Soc, Metallurgique Dnieprovienne du Midi de la Russie, 5% bonds for 250 roubles, 1890 (2 examples), condition is mixed but many are very fine and better.

(68) £400-500

657 “I. Got” Rope Factory, one share of 5000 roubles, St.Petersburg 1904, no.173 of only 360 issued, ornate border, mauve and black, with coupons, good very fine and rare. £300-400 658 “I. Got” Rope Factory, one share of 5000 roubles, St.Petersburg 1904, no.174, of only 360 issued, ornate border, mauve and black, with coupons, good very fine and rare. £300-400

656 Dobrolet, bearer certificate for 1 gold rouble share, Moscow 1925, aircraft top centre, ornate border, brown, extremely fine. £120-150 The company was Russia’s first Civil Aviation company, it’s name was changed to Aeroflot in 1930.

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BONDS AND SHARE CERTIFICATES OF THE WORLD 660 “Kavkas and Mercury” Trading Company, provisional registered certificate for 10 shares of 250 roubles, 1917, no.55981-55990, ornate border, orange and black, text all in Russian, tear at bottom edge, heavy folds, fine. £150-200

659 “Kavkas and Mercury” Shipping and Trading Company, 250 rouble share, undated but circa 1879, no.16404, ornate border, blue and black, ragged right edge, fine and rare. £200-300

661 “Kavkas and Mercury” Trading Company, provisional registered certificate for 50 shares of 250 roubles, 1917, no.82201-82250, ornate border, red and black, text all in Russian, tear at top edge, about very fine. £150-200

660

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May 30, 2014 - LONDON 663 Russische Aktiengesellschaft zur Entwickelung und Vergrösserung der Zahl der Verkehrsmittel und zur Exploitation derselben in Russland “Ssudowagon”, 500 rouble share, 1st series, St.Petersburg 1910, no.1558, ornate borders, blue and black, text in Russian, German and French, with coupons, extremely fine. £60-80

662 Northern Wood Pulp and Paper Manufacturing (Joint Stock) Co. ‘SOKOL’, 5% gold bonds for £50 each, 1912, no.021, 022 and 023, ornate border, text in Russian, English and French, brown, edge tears otherwise very fine. (3) £80-100 664 S.A. De la Manufacture de Moscou pour le Tissage de Laine, 375 rouble share, Moscow 1898, no.0275, ornate border, blue and black, capital only 750,000 roubles, no coupons remain, extremely fine. £60-80 665 S.A. de la Manufacture de Moscou pour le Tissage de Laine, a group of 9 certificates for 375 rouble share, Moscow 1898, ornate border, blue and black, 2000 issued, no coupons remain, mixed condition, some with edge nicks and creases, some very fine. (9) £200-300

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BONDS AND SHARE CERTIFICATES OF THE WORLD

668 Sociéte des Conduits D’Eau a Kiew, 100 rouble share, Kiev 1906, no.15893, ornate border, green and black, with coupons, slight damp staining at bottom right, otherwise almost extremely fine. £80-100

666 Soc.Commerciale et Industrielle de Naphte de St.Petersbourg-Sabuntchi, provisional certificate for 5 shares of 100 roubles, 1911, no.1910, ornate border, black with ornate green underprint, text in Russian and French, small piece missing from bottom left corner just into border and a few small edge tears, fine to very fine and scarce. £150-200

669 Sociéte des Conduits D’Eau a Kiew, 100 rouble share, Kiev 1906, no.15898, ornate border, green and black, with coupons, damp staining at bottom right and split along fold, otherwise almost extremely fine. £60-80

667 Soc. des Aciéries et Chantiers de Paratoff, 187.50 rouble share, Moscow 1901, together with other Russian companies (4) comprising Fabriques de Sucre D’Alexandrovsk, 250 rouble share, 1913; Miniere et Metallurgique Volga-Vichera, 125 rouble share, Moscow 1897; Produits de Tanneries “Charles Lapovitz”, 125 rouble share, Moscow 1911, and, Northern Wood Pulp and Paper Manufacturing Co. “Sokol”, £100 bond, Archangel 1912, all with coupons, the last with edge tears at right otherwise extremely fine and generally scarce. (5) £120-150

670 Société des Fabriques de Soieries “C. Giraud Fils”, 25 shares of 200 roubles, Moscow 1912, no.3025130275, ornate border, blue with pink and green underprint, with coupons, about extremely fine and rare. £150-200 WWW.SPINK.COM

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May 30, 2014 - LONDON 671 Soc. Russue de Construction de Locomotives et Mécaniques, 5 shares of 125 roubles, St.Petersburg 1895, 1907 replacement certificate, no.15911-15915, ornate border, blue and black, text in Russian and French, shares also expressed in francs, pounds, reichmarks and florins, with coupons, very fine. £60-80

673 Soc. St.Petersbourgeoise de Transmission Electrique de la Force des Chutes d’Eau, provisional certificate for 25 shares of 150 roubles, 1912, no.25126-25150, ornate border, mauve and black, text in Russian and French, almost extremely fine. £150-200 672 Soc. Russo-Hollandaise de la Première Fabrique de Ciment Portland en Sibérie “Kamyschet”, 500 rouble share, Warsaw 1897, no.2197, ornate border, blue and black, with coupons, about extremely fine. £200-300

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FRENCH AND BELGIAN COMPANIES 674 Russian tramways: A duplicated collection of Belgian companies (41), from Bialystok, Ekatherinoslaw, Kazan, Kharkoff, Kiev, Moscow, Odessa, Orel, Rostoff, Saratov, St.Petersburg and Tiflis, many different issues and varieties, mixed condition but many are very fine. (41) £150-200 675 French and Belgian Companies operating in Russia, a duplicated collection of 93 bonds and share certificates, some with vignettes, better pieces include Charbonnages de Varvaropol, 1896 and 1902; Ateliers de Constructions mecaniques de Soumy, 1897 (5 examples); Soc. d’Etudes des Entreprises Russes, 1913, only 500 issued; Cie Metallurgique d’Odessa, 1895 and 1897, and Krinitchnaia S.A. des Produits Refractaires et Ceramiques de Donetz, mixed condition but many are very fine and better. (93) £300-400

678 Anglo Russian Maximoff Co. Ltd., £1 shares, 190[15], no.95, ornate border, red and black with text in both Russian and English, printed by Waterlow, Bros. & Layton, very fine and rare £150-200

BRITISH COMPANIES 676 A small group of British Companies operating in Russia (17), together with Dutch certificates and receipts for same (7), some duplication, includes St.Petersburg Land & Mortgage Co. Ltd., £20 debentures, 1912 (2), large vignette of the City, red and black; Tustanovice Petroleum Ltd., 5 shares of £1, 1907; Cheleken Oilfields Ltd., £1 share, 1913, and Russian (Smieloff) Chain, Anchor & Testing Works Ltd., 1 share of £10, 2 examples), mixed condition but several are very fine and better. (24) £150-200 677 Anglo-Russian Copper Mining Syndicate Ltd., a pair of certificates, ordinary shares of £1 each, 1899[1900], no.84, ornate border, red, and founders shares of £1 each, 1899[1900], no.44, as before but black, both with embossed seal bottom left, both very fine. (2) £120-150

679 Caucasus Copper Co. Ltd., a pair of certificates for 10 and 25 shares of £1, [1913], no. 348 and no.1024, ornate borders, mauve and blue respectively, text in English and French, with coupons, very fine to extremely fine. (2) £60-80 680 Chatma Oilfield Co. Ltd., 100 shares of £1, 19[03], no.5666, ornate border, orange and black, with coupons, together with other British companies operating in the Russian oilfields (2), Ferghana Oil Fields Ltd., 10 shares of £1, 19[15], 2 examples, ornate border, blue and black, with coupons, and, Gleboff Grosny Petroleum Co. Ltd., 4 shares of £1, 1920, ornate border, blue, with coupons, very fine to extremely fine. (4) £60-80

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681 City of Moscow Gas Co. Ltd., 8% debenture for £20, London 1866, no.339, large format piece printed in both English and French, black, with coupons, almost extremely fine. £80-100

683 Russian Tobacco Co., a set of bearer certificates for 1, 5, 10, 25, 50 and 100 shares of £1 each, 19[15], allegorical figure at top, ornate borders, blue, mauve, red, green, brown and dark green respectively, printed

by Waterlow & Sons Ltd., with coupons, generally extremely fine or better. (6) £60-80

Obtained the contract to light Moscow in 1865 and by 1867 over 4000 lights had been installed in the city.

684 Russian Tobacco Co., a set of bearer certificates for 1, 5, 10, 25, 50 and 100 shares of £1 each, 19[15], allegorical figure at top, ornate borders, blue, mauve, red, green, brown and dark green respectively, printed

by Waterlow & Sons Ltd., with coupons, generally extremely fine or better. (6) £60-80 685 Russian Tobacco Co., a quantity of 27 certificates for 100 shares, 19[16], allegorical figure at top, ornate border, green, printed by Waterlow & Sons Ltd., with coupons, generally extremely fine. (27) £120-150

682 Russia Copper Company Ltd., £10 shares, 187[6], no.1882, decorative scrollwork under title and at left side, lilac, embossed seal at bottom, very fine and scarce early date. £80-100 145

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686 St. Petersburg Land and Mortgage Company Ltd., certificate for £1 shares, 19[13], no.258, lovely ornate border with scrollwork at corners, printed by Waterlow & Sons Ltd, black, very fine and scarce type. £80-100 687 St.Petersburg Land and Mortgage Co. Ltd., a pair of 5% debentures for £20, 19[12], no. A1965, and £100, 19[12], no.B2073, handsigned by H Jekyll and rubber stamp signature of Evelyn Hubbard (on the £20 only) as directors, lovely vignette of the city, maroon and blue respectively, printed by Waterlow & Sons, with coupons, very fine and extremely fine. (2) £100-120 688 Terek General Oil Company Ltd., certificate for £1 shares, 19[18], no.103, ornate border, black, other Russian Oil/Petroleum Company certificates comprising; Cheleken Oilfields Ltd, £1 shares, 19[25], no.5252, green; New Russia Company Ltd., deferred converted ordinary stock, 19[24], no.35, blue, and preferred converted ordinary stock, 19[24], no.35, red; Petroleum Options Ltd, allotment letter for 1 shilling shares; Spies Petroleum Company Ltd, 2 shilling shares, 19[33], 19[31] and 19[11]; RussoAsiatic Consolidated Ltd, shares of 2s 6d each, 19[29]; Premier Oil & Finance Company Ltd, 5 shilling shares, 192[4] and 192[8]; Premier Globe Ltd, 5 shilling shares, 19[31]; Baku Consolidated Oilfields Ltd, ‘B’ ordinary shares of £1, 19[19], generally very fine, some better. (15) £80-100

687

DUTCH COMPANIES 689 Nederlandsch-Siberische GoudveldenMaatschappij “Minoessinsk”, 250 gulden share, Amsterdam 1899, ornate border, black and red with green underprint, text in Dutch, Russian and French, together with Hollandsche Maatschappij tot ZoutExploitatie in Rusland, share of 500 silver roubles, Haag 1910, ornate border, orange brown and black, both good very fine. (2) £60-80

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UNITED STATES OF AMERICA RAILWAYS

691 690 Alabama, New Orleans, Texas and Pacific Junction Railways Co. Ltd., 5% ‘A’ debenture for £100, 1891, no.3022, steam train at top, ornate border, black, pink underprint, with coupons, hole cancelled, fine to very fine and rare. £80-100

691 Alabama, New Orleans, Texas and Pacific Junction Railways Co. Ltd., 5% ‘B’ debenture for £100, 1891, no.725, steam train at top, ornate border, black, green underprint, with coupons, hole cancelled, about very fine and rare. £80-100 693 East Tennessee, Virginia and Georgia Railway Co., a group of certificates (7) for $100 shares, second preferred stock, Knoxville 18[86] and 18[87], allegorical figures at top, small steam train inset at left, ornate border, printed by Homer Lee Bank Note Co., orange and black, uncancelled, very fine or thereabouts.

(7) £120-150

692 Alabama, New Orleans, Texas and Pacific Junction Railways Co. Ltd., a group of 3 x 5% ‘B’ debentures for £100, 1891, steam train at top, ornate border, black, green underprint, with coupons, all hole cancelled, one with cut and repair at bottom corner where coupon carelessly removed, fine to very fine and rare. (3) £200-250

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694 Kansas City, Wyandotte and Northwestern Railroad Co., First Mortgage 5% Gold Bond, $1000, 1888, no.104, speeding steam train at bottom, young girl at top, green and black, with coupons, British duty stamps, not cancelled, good very fine and rare. £100-150 Jay Gould held a controlling interest in this company.

695 New Orleans and Southern Railroad Co., 5% prior lien gold bond for $100, 1892, no.814, steam train at top, brown and black, with coupons, together with two Confederate States of America, $100 bonds, 1863 and 1864, the first very fine, the rest fine to about very fine. (3) £80-100 696 Saint Paul and Northern Pacific Railway Co., Minnesota, $100 shares, New York 189[3], no.040, vignette at top left of steam train crossing stream, ornate border, green and black, hole cancelled, together with Northwest Equipment Company of Minnesota, $100 shares, New York 18[90], no.A142, vignette of steam train at station at top, brown and black, also hole cancelled, both with counterfoil reglued at left, very fine. (2) £80-100

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BANKS, INSURANCE AND FINANCE

COMMERCIAL & INDUSTRIAL

697 Baltimore Insurance Company, one share, [1796], no.198, issued to Robert Smith, scrollwork at left, black, attractive embossed seal at lower left, very fine and rare. £1,000-1,500

700 Kennebeck Bridge, one share, [1897], no.86, issued to Edmund Bridge of Lincoln County, scrollwork at left, black, paper seal attached to upper left, second page with printed transfer dated 1828 and a further transfer on the reverse which looks to replicate that on the printed form, some remains of wax seal on the inside leaving the second page with some thinning, slight split at fold but about very fine and rare. £1,000-1,200

This marine insurance company was incorporated in the state of Maryland with a capital of $300,000 on 26th December 1795, just two days after the state’s first such company. The United States’ only two other joint stock companies offering marine insurance at the time had been incorporated in Pennsylvania in the previous year.

Company incorporated in Maine on 8th February 1796 to build a toll-bridge across the Kennebec River at Fort Western (now preserved as the oldest log fort in the US) in Hallowell, Augusta. $19,800 was subscribed in $100 shares. The bridge was completed in November 1797 at a cost of $27,000, the resulting debts meaning that no dividend could be paid for eight years.

698 Bank of the United States, 6% bond for £100 or 2530 francs, Paris 1859, no.748, signed in Paris by MM de Rothschild Freres, ornate border, black, with coupons, Dutch revenue stamp, fine to very fine. £60-80 699 Banque des Etats Unis (Bank of the United States), 6% bond, 1859, no.495, issued by Rothschilds in 1859 and hand signed by a member of the firm, ornate border, black, handstamps of interest, return of capital and distribution to 1871, folds but very fine and scarce. £60-80 The second Bank of the United States to which this piece relates, suspended payments in 1839 and was in liquidation by 1841. Holders in Europe of original certificates were issued these bonds in exchange and the originals were shipped back to the United States.

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BONDS AND SHARE CERTIFICATES OF THE WORLD

BRITISH INVESTMENT IN THE UNITED STATES

701 Panorama National des Etats-Unis (National Panorama of the United States), certificate for one share of 100 francs OR 100 dollars, Paris circa 1870, no.3311, very large format piece with bald eagle at top, text in English and French, black with brown underprint, with coupons, very fine and scarce. £60-80

702 London & Californian Gold Quartz Crushing Co., certificate for 5 shares of £1, 185[2], no.86-90, scrollwork at left, ornate title, black printing, on vellum, almost extremely fine and scarce. £80-100 703 Russell Gold Mining Co. Ltd., a group of 12 debentures for £10, 18[87], numbers 118-121 and 125-131 & 134, large format, red, with coupons, generally good very fine and better. (12) £80-100

704 Stratton’s Independence Ltd., 2/6d shares, fully paid, [1913], no.6247, capital £125,000, scrollwork at left, red, very fine. £100-120

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705 Tattersalls (of Chicago) Ltd., certificate for £5 founders shares, 189[2], no.38, vignette of horses head under title, scrollwork at left, red, very fine. £80-100

706 Tattersalls (of New York) Ltd., certificate for £1 founders shares, 189[0], no.38, vignette of horses head under title, scrollwork at left, purple, very fine. £80-100

END OF THE SALE

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69 Southampton Row, Bloomsbury, London WC1B 4ET tel: +44 (0)20 7563 4005 fax: +44 (0)20 7563 4037 email: auctionteam@spink.com

NAME ______________________________________________________

BONDS AND SHARE CERTIFICATES OF THE WORLD

WRITTEN BIDS FORM

This form should be sent or faxed to the Spink auction office in advance of the sale.

References for new clients should be ADDRESS ____________________________________________________ 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.

____________________________________________________________ YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE.

POSTCODE ___________________________________________________

JUST VISIT WWW.SPINK.COM, REGISTER AND LOG

30 MAY 2014

LONDON

INTO THE SALE.

SALE TITLE

DATE

CODE NAME

SALE NO.

Bonds and Share Certificates of the World

Friday 30 May 2014 at 10.00 a.m.

HOPPENSACK

14016

I request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below. I understand that if my bid is successful the Purchase Price will be the sum of the final bid and Buyer’s premium as a percentage of the final bid, any VAT chargeable, also a fee for bidding on the-saleroom.com only and surcharge for paying by credit card. The Rate of Premium is 20% of the final hammer price of each lot.

All bids shall be treated as offers made on the Terms and Conditions for Buyers printed in the catalogue. I also understand that Spink provides the service of 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.

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

Lot Number (in numerical order)

Price Bid £ (excluding Buyer’s Premium)

Lot Number (in numerical order)

Price Bid £ (excluding Buyer’s Premium)

Lot Number (in numerical order)

Price Bid £ (excluding Buyer’s Premium)

–––––––––––––––––––––––––––––––––––––––––––––––

––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

14016 Bonds Pages:Layout 1

TEL. HOME

______________________________________________

TEL. OFFICE ____________________________________________

____________________________________________________

E-MAIL ________________________________________________

SIGNATURE _______________________________________________

VAT NUMBER ___________________________________________

FAX

Please indicate the type of card:

V ISA

V ISA DEBIT

MASTERCARD

SWITCH

AMERICAN EXPRESS

PAYMENT MADE BY MASTERCARD OR VISA ARE SUBJECT TO A 2% SURCHARGE AND AMERICAN EXPRESS 4% CARD NO: SIGNATURE

START DATE: EXPIRY DATE

ISSUE NO:

SECURITY CODE:

NAME (ON CREDIT CARD)

Please charge all purchases to my card Do not charge my card. I will arrange to send payment. (Spink will only charge your card should you default on the payment terms agreed) Please hold my purchased lots for collection

Continued ...

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DATE

SALE NO.

Friday 30 May 2014 at 10.00 a.m.

14016

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

Price Bid £ (excluding Buyer’s Premium)

Lot Number (in numerical order)

Price Bid £ (excluding Buyer’s Premium)

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 £100 to £300 £300 to £600 £600 to £1,000

by £5 by £10 £320-£350-£380-£400 etc. by £50

£1,000 to £3,000 £3,000 to £6,000 £6,000 to £20,000 £20,000 and up

by £100 £3,200-£3,500-£3,800-£4,000 etc. by £500 Auctioneer’s discretion

Lot Number (in numerical order)

Price Bid £ (excluding Buyer’s Premium)

VAT is chargeable on the Hammer price and the Buyer’s premium 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 price and 20% on the Buyer’s premium). VAT on Margin Scheme lots (identified by the absence of any VAT symbol next to the lot number) is payable at 20% on the Buyer’s premium only.

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

TRADE REFERENCES

BANK REFERENCES

________________________________________________________________________________________ _____________________________________________________________________________________________________

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AUCTION RESULTS SALE:

Bonds and Share Certificates of the World

SALE NO:

13017

DATE:

Thursday 28 November 2013

V ENUE:

London

Spink & Son Ltd 69 Southampton Row Bloomsbury London WC1B 4ET Tel: (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 2 4 5 6 7 9 10 11 12 13 14 18 19 21 22 23 24 25 26 28 31 32 33 34 36 37 38 39 40 41 43 44 45 46 49 50 52 53 54 55

Price £80 £70 £240 £160 £260 £480 £40 £90 £80 £60 £70 £40 £150 £100 £60 £120 £270 £140 £100 £30 £200 £70 £90 £50 £60 £70 £70 £50 £100 £100 £90 £70 £60 £30 £30 £60 £80 £40 £50 £70 £80

Lot 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 75 77 78 79 80 81 82 83 84 87 89 90 91 93 94 97 98 99 100 101 102 103 104 105

Price £40 £130 £110 £110 £120 £60 £60 £100 £160 £90 £40 £150 £100 £120 £40 £170 £170 £50 £50 £80 £40 £50 £40 £100 £60 £190 £100 £50 £60 £70 £40 £80 £60 £210 £80 £60 £40 £60 £70 £90 £90

Lot 106 107 110 111 113 114 115 116 117 119 120 121 123 125 127 129 130 131 132 134 136 137 138 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 159

Price £60 £130 £50 £40 £70 £80 £100 £50 £100 £70 £90 £70 £170 £110 £80 £150 £150 £120 £180 £240 £100 £50 £100 £60 £100 £120 £110 £160 £250 £70 £110 £70 £60 £60 £70 £60 £90 £180 £200 £160 £400

Lot 161 165 166 169 170 173 175 176 177 179 180 181 182 183 184 185 186 187 188 189 193 194 195 196 197 198 199 200 202 203 204 205 206 207 208 209 210 212 213 214 215

Price £60 £110 £80 £40 £230 £130 £90 £90 £90 £80 £160 £60 £180 £450 £2,300 £16,000 £250 £1,600 £60 £120 £750 £650 £300 £420 £160 £250 £250 £180 £150 £280 £140 £110 £250 £150 £50 £170 £100 £150 £80 £80 £120

Lot 216 217 218 219 220 222 223 224 225 227 228 229 230 231 232 233 234 235 236 237 238 240 241 242 243 244 245 246 247 248 250 251 252 253 254 255 256 257 258 259 260

Price £130 £140 £2,700 £110 £270 £1,050 £900 £2,800 £2,100 £500 £480 £550 £130 £350 £210 £420 £750 £1,200 £1,200 £2,350 £520 £100 £6,500 £140 £200 £320 £420 £1,300 £750 £750 £450 £700 £380 £1,600 £1,100 £160 £320 £750 £650 £420 £260

Lot 261 262 263 264 265 267 268 269 271 272 273 274 275 276 278 279 280 281 283 284 285 288 289 290 291 292 293 294 298 302 303 305 308 309 310 311 312 313 314 316 327

Price

Lot

Price

£580 £260 £500 £500 £60 £110 £250 £380 £400 £1,100 £40 £270 £120 £110 £130 £260 £220 £210 £180 £130 £170 £70 £150 £110 £100 £140 £110 £180 £60 £60 £40 £210 £90 £100 £100 £60 £60 £60 £130 £90 £50

328 329 340 341 342 343 345 348 349 350 351 352 353 354 359 360 361 362 363 363A 368 369 370 371 373 374 375 376 384 385 387 389 390 392 393 394 395 396 397 405 408

£30 £60 £20 £290 £80 £220 £40 £70 £40 £240 £220 £80 £60 £140 £80 £900 £1,200 £110 £50 £80 £40 £70 £80 £40 £90 £70 £40 £70 £80 £70 £110 £90 £80 £100 £210 £90 £90 £40 £50 £480 £40

14016 Bonds Pages:Layout 1

Lot

Price

Lot

410 412 413 414 418 419 423 424 425 426 428 430 431 435 437 439 439A 445 446 446A 450 451 452 453 455 456 457 463 466 467 468 471

£80 £140 £140 £140 £170 £80 £180 £300 £400 £70 £70 £280 £70 £40 £45 £200 £40 £100 £80 £60 £60 £2,200 £600 £70 £50 £160 £100 £50 £45 £75 £70 £80

474 475 476 477 478 479 480 482 484 485 486 488 491 493 494 495 496 497 502 503 504 505 505A 508 509 512 513 514 516 520 525 527

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Price

Lot

Price

Lot

Price

Lot

Price

Lot

Price

Lot

Price

£50 £480 £100 £62,000 £150 £80 £150 £90 £90 £80 £120 £45 £90 £70 £40 £320 £70 £40 £110 £90 £50 £100 £150 £40 £320 £50 £60 £110 £150 £50 £40 £70

529 531 533 534 535 536 537 538 539 540 541 542 544 545 546 547 548 549 550 553 554 556 557 558 559 560 563 564 565 566 567 569

£60 £150 £50 £90 £140 £180 £40 £120 £40 £40 £60 £40 £140 £160 £50 £260 £200 £70 £50 £60 £80 £150 £80 £40 £130 £40 £40 £100 £80 £80 £70 £70

578 580 581 584 587 590 591 593 596 597 598 599 600 601 603 604 605 606 607 608 609 610 611 612 614 615 616 617 618 619 620 621

£40 £30 £50 £110 £60 £80 £80 £40 £100 £50 £120 £70 £70 £60 £190 £1,200 £1,200 £70 £70 £90 £150 £140 £100 £220 £70 £60 £90 £200 £110 £40 £40 £80

622 623 624 625 626 627 628 629 630 631 633 634 635 636 637 638 639 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656

£50 £80 £50 £100 £60 £250 £350 £750 £420 £80 £300 £150 £580 £180 £140 £260 £300 £150 £200 £650 £190 £320 £500 £2,600 £650 £180 £500 £170 £150 £130 £240 £210

658 659 660 661 662 663 664 665 667 669 670 672 675 676 677 678 680A 682 685 686 689 692 693 694 695 696 700 701 704 705 706 707

£240 £500 £200 £300 £240 £300 £420 £200 £40 £300 £550 £450 £140 £160 £220 £580 £130 £180 £200 £300 £350 £140 £200 £150 £400 £40 £70 £30 £2,200 £700 £50 £120

708 709 710 711 712 715 716 719 720 722 723 724 725 727 729 733 734 735 736 737 738 740 741 742 743

£160 £150 £130 £400 £520 £180 £50 £200 £140 £120 £80 £70 £130 £260 £60 £300 £320 £70 £70 £60 £380 £130 £300 £270 £700

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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 apply in these conditions: Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs; Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below; Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot; Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3; Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the 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.

2

SPINK’S ROLE AS AGENT 2.1

2.2 3

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.

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.

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.

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

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

3.4.4 We will not 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.

3.2.1 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 and web illustrations are for guidance only, and should not be relied on either to determine the tone or colour of any item. No lot shall be rejected on the grounds of inaccurate reproduction. No lot illustrated in the catalogue and online shall be rejected on the grounds of cancellation, centring, margins, perforation or other characteristics apparent from the illustration. 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. Every person interested should exercise and rely on his own judgment as to such matters.

3.3

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

3.4

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 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

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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.

3.4.7 If you receive any correspondence from the Expert Committee in relation to the Lot, including but not limited to a Certificate of Authenticity, you must provide us with copies of such correspondence no later than 7 days after you receive such correspondence.

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.

If you have not bid successfully with Spink in the past, or you are registering with us for the first time, we reserve the right to require a deposit of up to 50% of the amount you intend to spend. Such deposit will be deducted from your invoice should you be successful. If you are unsuccessful at auction, your deposit will be returned by the same means it was paid to Spink.

Some lots may be designated, prior to the auction, as “Premium Lots”, which means a deposit may be required before placing a bid on the item for sale. Information will be posted on our website in such an event.

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4.3

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.

4.4

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.

4.5

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 on www.spink.com and Spink Live 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. Buyers who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added to their invoice for using this facility.

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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5

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 Once your bid has been accepted for a Lot then you are liable to pay for that Lot in accordance with these Terms and Conditions. If there are any problems with a Lot then you must notify us within 7 days of receipt of the Lot, specifying the nature of the problem. We may then request that the Lot is returned to us for inspection. Save as set out in clause 5.13, the cancellation of the sale of any Lot and the refund of the corresponding purchase price is entirely at our sole discretion. We will not normally exercise that discretion if the Lot is not received by us in the same condition that it was in at the auction date.

AFTER THE AUCTION 5.1 Buyer’s Premium and other charges 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, a fee of 3% on the hammer price total for using the-saleroom.com and a surcharge for paying by credit card.

5.2 Value Added Tax Other than in respect of Zero-rated Lots (o) VAT is chargeable on the Hammer price and the Buyer’s premium 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 price and 20% on the Buyer’s premium). VAT on Margin scheme lots (identified by the absence of any VAT symbol next to the lot number) is payable at 20% on the Buyer’s premium only.

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 on Buyer’s Premium may be refunded.

5.3.7 Where the Lot is marked as a Daggered (†) or Investment Gold (g) Lot the VAT charged on the Hammer Price may be 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 have been paid in full. This includes instances where special arrangements were made for release of Lot prior to full settlement.

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 specifically agreed to the contrary, we shall retain lots purchased until all amounts due to us, or to the Spink Group, have been paid in full. Buyers will be required to pay for their lots when they wish to take possession of the same, which must be within 7 days of the date of the sale, unless prior arrangements have been made with Spink. Without prior agreement, lots will not be released until cleared funds are received with regard to payments made by cheque.

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.

5.8.3 If the Buyer requires delivery of the Lot to an address other than the invoice address this will be carried out at the discretion of Spink.

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:

5.4

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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; 5.10.1.3 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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10.5 Law and Jurisdiction

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.

5.13.1.4 you must provide to us all evidence obtained by you that a Lot is a Forgery no later than 7 days after you receive such evidence.

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.

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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

Up to £10,000

£20

£30

£40

Above £10,001

£20

£50

£60

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 VAT 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 UK VAT–registered businesses, the VAT on 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 will be added to 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.

Imported and Omega Lots Lots which are marked (x) in the catalogue are subject to VAT at 5% on the Hammer price plus 20% on the Buyer’s premium. Lots which bear the Omega symbol (Ω) are subject to VAT at 20% on the Hammer Price and on the Buyer’s Premium. This VAT is payable on items imported 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.

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 outside of the EU.

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GROUP CHAIRMAN AND CEO Olivier D. Stocker YOUR SPECIALISTS STAMPS UK - Tim Hirsch Guy Croton Fernando Martínez David Parsons Nick Startup Neill Granger Paul Mathews Dominic Savastano Tom Smith Ian Shapiro (Consultant) USA - George Eveleth Richard Debney EUROPE - Guido Craveri Fernando Martínez CHINA - Anna Lee COINS UK - Mike Veissid Richard Bishop William MacKay Eleanor Charlotte Dix Tim Robson Edouard Wyngaard Barbara Mears John Pett USA - Stephen Goldsmith Greg Cole CHINA - Kin Choi Cheung BANKNOTES, BONDS & SHARES UK - Barnaby Faull Mike Veissid Andrew Pattison Monica Kruber USA - Stephen Goldsmith EUROPE - Peter Christen CHINA - Paul Pei Po Chow Kelvin Cheung ORDERS, DECORATIONS, MEDALS & MILITARIA UK - Mark Quayle Oliver Pepys John Hayward BOOKS UK - Philip Skingley Jennifer Mulholland AUTOGRAPHS USA - Stephen Goldsmith WINES CHINA - Vincent Cleme Anna Lee Guillaume Willk-Fabia YOUR EUROPE TEAM (LONDON - LUGANO) Chairman’s Office Charles Blane Directors Tim Hirsch Anthony Spink Auction & Client Management Team Miroslava Adusei-Poku Edward Rivers Luca Borgo Rita Ariete Dora Szigeti John Winchcombe Kenichiro Imase María Martínez Maurizio Schenini Finance Alison Bennet Marco Fiori Mina Bhagat Dennis Muriu Billy Tumelty Dean Dowdall IT & Administration Berdia Qamarauli Leszek Woronowicz Liz Cones Curlene Spencer Tom Robinson Cristina Dugoni Giacomo Canzi YOUR AMERICA TEAM (NEW YORK) Auction Administration and Marketing & Design Sonia Alves Luke Mitchell Madison Lang Finance & Administration Aleena Nieves Auctioneer Stephen Goldsmith YOUR ASIA TEAM (HONG KONG - SINGAPORE) Vice Chairman Anna Lee Administration Angie Ihlofung Amy Yung Newton Tsang Raymond Tat Gary Tan

SALE CALENDAR 2014 STAMPS 14 May 15 May

21 May 21/22 May 7 June 7 June 17 June 18 June 19 June 9 July 10 July 27/28 August 20 September 20 September 25 September 16 October 26/27 November 11 December

Specialised Great Britain Stamps and Postal History The J. E. Safra Collection of Classic Great Britain Rarities, Including 1840 One Penny Blacks, 1840 Two Penny Blues and the famous King George V 1d. Tete Beche Pair The J. E. Safra 24c Inverted Jenny The Philatelic Collector’s Series Sale The Philatelic Collector’s Series Sale The Philatelic Collector’s Series Sale Rhodesia Featuring Arms and Admiral Issues from the Vestey Collection The “Garrison” Collection of New Guinea “G.R.I.” Surcharges The “Lionheart” Collection of Great Britain and British Empire, Part III British Europe including Long Island from the Vestey Collection The Philatelic Collector’s Series Sale The Philatelic Collector’s Series Sale The Philatelic Collector’s Series Sale Stamps and Covers of South East Asia Great Britain from the Vestey Collection Australian Commonwealth from the Vestey Collection The Philatelic Collector’s Series Sale The Leeward Islands, Bahamas and Turks Islands from the Vestey Collection

London

14022

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

14028 149 148 CSS10 SW1013 14029 14023 14027 14030 14024 150 CSS12 14026 14031 14032 14025 14033

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

New York London Hong Kong New York London Hong Kong London

320 14005 CSS11 321 14006 CSS13 14007

The Numismatic Collector’s World Banknotes The Numismatic Collector’s The Numismatic Collector’s World Banknotes World Banknotes The Numismatic Collector’s

New York London Hong Kong New York London London Hong Kong

320 14009 CSS11 321 14013 14013 CSS13

Orders, Decoration, Campaign Medals & Militaria Orders, Decoration, Campaign Medals & Militaria

London London

14002 14003

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

London Lugano New York Hong Kong Hong Kong London

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

New York New York

An Evening of Exceptional Wines An Evening of Exceptional Wines

Hong Kong Hong Kong

COINS 17/18 June 25/26 June 21 August 17/18 September 22/23 September 15 November 3/4 December BANKNOTES 17/18 June 15 July 21 August 17/18 September 30 September 1/2 October 15 November

Series Sale Series Sale Series Sale

Series Sale

MEDALS 24 July 20 November BONDS AND SHARES 30 May 7 June 17/18 June 21 August 15 November 28 November

14016 SW1012 320 CSS11 CSS13 14017

AUTOGRAPHS 17/18 June 17/18 September

320 321

WINES 29 May 31 July

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 –

SFW08 SFW09

14016 Bonds cover:Layout 1

8/5/14

14:10

Page 1

£25

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BONDS AND SHARE CERTIFICATES OF THE WORLD

BONDS AND SHARE CERTIFICATES OF THE WORLD

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69 Southampton Row, Bloomsbury, London WC1B 4ET www.spink.com

LONDON

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STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

30 MAY 2014

LONDON