bonds and share certificates of the world - 15019

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STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

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

BONDS ANDSHARE CERTIFICATES

OF THE WORLDFEATURING

GERMAN STATE LOANSFROM THE

GERMAN MINISTRY OF FINANCE (BADV)AND

THE PETER DUPPA-MILLERCOLLECTION OF

GOLD MINES OF THE WORLD,PART I

20 NOVEMBER 2015

LONDON

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GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

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

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando Martínez

CHINA - Tommy Chau Doris Lo George Yue (Consultant)COINS

UK - Richard Bishop Tim Robson Jon Mann Lawrence Sinclair Barbara Mears John PettUSA - Greg Cole Stephen Gol dsmith (Special Consultant)

CHINA - Kin Choi Cheung Paul Pei Po ChowBANKNOTES

UK - Barnaby Faull Andrew Pattison Monica Kruber Thomasina SmithUSA - Greg Cole Stephen Goldsmith (Special Consultant)

CHINA - Kelvin Cheung Paul Pei Po ChowORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John HaywardBONDS & SHARES

UK - Mike Veissid (Consultant) Andrew Pattison Thomasina SmithUSA - Greg Cole

EUROPE - Peter ChristenCHINA - Kelvin Cheung

BOOKS

UK - Philip Skingley Jennifer Mulholland Nik von UexkullAUTOGRAPHS

USA - Greg Cole Stephen Goldsmith (Special Consultant)WINES

CHINA - Guillaume Willk-Fabia Angie Ihlo Fung

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeCharles Blane

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMira Adusei-Poku Grace Hawkins Rita Ariete Dora Szigeti Tatyana Boyadzhieva Nik von Uexkull

John Winchcombe Tom Mathews Maurizio ScheniniFinance

Alison Bennet Marco Fiori Mina Bhagat Dennis Muriu Hemel Thakore Veronica MorrisIT & Administration

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Managing DirectorCharles Blane

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YOUR ASIA TEAM (HONG KONG - SINGAPORE)

AdministrationAngie Ihlo Fung Newton Tsang Sue Pui Arthur Chan Doris Lo Gary Tan

Ken Imase [email protected]

BANKNOTES

14 November The Numismatic Collector’s Series Sale Hong Kong CSS198 December World Banknotes London 1504811/12 January The Numismatic Collector’s Series Sale New York 32316 January Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong Hong Kong 1601112/13/14 April World Banknotes London 16008

SALE CALENDAR 2015/16

The above sale dates are subject to change

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

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

STAMPS

18 November The Charles W. Adams Collection of United States and Canada New York 15218/19 November The Philatelic Collector’s Series Sale New York 15325/26 November The Philatelic Collector's Series Sale, featuring the John Sussex Collection

of South West Africa, 1880-1928 London 1504627 November Great Britain Stamps and Postal History London 1504510 December Bermuda from the Vestey Collection London 1504716 December The Philatelic Collector’s Series Sale Lugano SW101817 January Meiso Mizuhara, The Exhibition Collection, China Customs Post Hong Kong 1601217 January Fine Stamps and Covers of China and Hong Kong Hong Kong 1601327/28 January The Philatelic Collector's Series Sale London 16010April/May The Pre-New York 2016 Collector’s Series Sale New York 154June The Jose Castillejo Collection of Guatemala, 1871-86 New York 155

COINS

14 November The Numismatic Collector’s Series Sale Hong Kong CSS192 December Celtic Coins from the Geoff Cottam Collection London 150492/3 December Ancient, British & Foreign Coins and Commemorative Medals London 1500711/12 January The Numismatic Collector’s Series Sale New York 32316 January Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong Hong Kong 1601122 March The Dr Paul Broughton Collection of English Hammered Gold Coins London 1601422/23 March Ancient, British & Foreign Coins and Commemorative Medals London 16004

MEDALS

19 November Orders, Decorations, Campaign Medals & Militaria London 1500311/12 January The Numismatic Collector’s Series Sale featuring The Liberty Collection of Medals and

Artefacts Relating to the 1916 Easter Rising and Ireland’s Fight for Independance New York 32321 April Orders, Decorations, Campaign Medals & Militaria London 16001

BONDS & SHARES

14 November The Numismatic Collector’s Series Sale Hong Kong CSS1920 November Bonds & Share Certificates of the World London 1501916 December Bonds & Share Certificates of the World Lugano SW101711/12 January The Numismatic Collector’s Series Sale New York 32316 January Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong Hong Kong 16011

AUTOGRAPHS

11/12 January The Numismatic Collector’s Series Sale New York 323

WINES

3 December Whisky, Cognac and Other Spirits Hong Kong SFW1715 January Whisky, Cognac and Other Spirits Hong Kong SFW18

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Front Cover Illustration: 371 Back Cover Illustration: 414

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Thursday 19 November 2015 10.00 a.m. - 5.00 p.m.

Friday 20 November 2015 10.00 a.m. - 5.00 p.m.

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SALE DETAILS

Friday 20 November 2015 at 10.00 a.m.

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SALE LOCATION

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20 November 2015 in London and on

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Spink 15019 Catalogue Pages.qxp_Layout 1 21/10/2015 12:09 Page 1

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BONDS AND SHARE CERTIFICATES OF THE WORLD

COLLECTIONS AND LOTS 1-4

AFRICABRITISH EAST AFRICA 5MADAGASCAR 6MOZAMBIQUE 7SOUTH AFRICA 8-13

EGYPT, OTTOMAN EMPIRE &MIDDLE EAST EGYPT 14OTTOMAN EMPIRE 15-16TUNISIA 17

ASIACHINA: MIXED LOTS 18-21FOREIGN DEBT 22-110MUNICIPAL LOANS 111-118BANKS & INDUSTRIAL COMPANIES 119-125

JAPAN 126-128MALAYA 129SIAM (THAILAND) 130-132

AUSTRALASIAAUSTRALIA 133-136

CANADA 137-142

EUROPEAUSTRIA 143-148BELGIUM 149-150CZECHOSLOVAKIA 151-163DENMARK 164-176FRANCE 177-193

GERMANYLOANS OF THE GERMAN REICHFROM THE BADV ARCHIVE 194-259

LOTS FROM PREVIOUSREICHBANK AUCTIONS 260-356

OTHER PROPERTIES 357 GREECE 358-363HUNGARY 364-370

ITALY AND COLONIES 371-381LITHUANIA 382NETHERLANDS 383NORWAY 384-406POLAND 407-409PORTUGAL AND COLONIES 410-416ROUMANIA 417SPAIN 418-427SWEDEN 428-455SWITZERLAND 456YUGOSLAVIA 457

GREAT BRITAIN AND IRELANDGOVERNMENT FINANCE 458-460SOUTH SEA COMPANY 461CANALS 462-469RAILWAYS 470-478TRAMWAYS 479MOTOR CARS & CYCLES 480-482BRIDGES 483BANKS, INSURANCE & FINANCE 484-488MINING & OIL 489-490COMMERCIAL & INDUSTRIAL 491-500

IRELAND 501-505

LATIN AMERICAMISCELLANEOUS LOTS 506-507ARGENTINA 508-512BOLIVIA 513BRAZIL 514-534CUBA 535-536ECUADOR 537MEXICO 538-540PANAMA 541-542PERU 543-547URUGUAY 548VENEZUELA 549

WEST INDIESJAMAICA 550

ORDER OF SALE


3

November 20, 2015 - LONDON

RUSSIAMISCELLANEOUS LOT 551STATE LOANS 552-559CITY LOANS 560-572RAILWAYS 573-585COMMERCIAL & INDUSTRIAL 586-597FOREIGN COMPANIES 598-601

UNITED STATES OF AMERICATEXAS 602CONFEDERATE STATES 603-616TURNPIKES 617-620RAILROADS 621-625AMERICAN EXPRESS 626WHITE STAR LINE 627-628COMMERCIAL & INDUSTRIAL 629-631

THE PETER DUPPA-MILLERCOLLECTION OF GOLD MINES

AFRICAEGYPT & SUDAN 632-634MOZAMBIQUE 635-636RHODESIA 637-645SOUTH AFRICA 646-656

ASIACHINA 657-658KOREA 659INDIA 660-663MALAYA 664OTTOMAN EMPIRE 665SIAM/THAILAND 666

AUSTRALASIAAUSTRALIA – GOLD RUSH 667-674NEW SOUTH WALES 675QUEENSLAND 676-677VICTORIA 678-681WESTERN AUSTRALIA 682-685NEW ZEALAND 686-703

EUROPEGREAT BRITAIN 704-705ITALY 706-707NORWAY 708RUSSIA 709-710

THE AMERICASARGENTINA 711-712BRAZIL 713-714BRITISH GUIANA 715CHILE 716FRENCH GUIANA 717MEXICO 718-722NEW GRANADA 723PANAMA 724URUGUAY 725VENEZUELA 726CANADA – EASTERN 727-732BRITISH COLUMBIA 733-741KLONDIKE GOLD RUSH 742-743

UNITED STATESALASKA 744-745ARIZONA 746-747CALIFORNIA GOLD RUSH 748-756CALIFORNIA – LATER STRIKES 757-768COLORADO 769-781DAKOTA TERRITORY 782IDAHO TERRITORY 783MONTANA 784NEVADA 785-794NORTH CAROLINA 795-797OREGON 798-799PENNSYLVANIA 800-801UTAH TERRITORY 802VIRGINIA 803-805WYOMING TERRITORY 806

ORDER OF SALE


FRIDAY 20 NOVEMBER 2015

commencing at 10.00 a.m.All Sales are subject to the Terms and Conditions for Buyers printed at the back of this catalogue.

Please note that bidders who acquire lots on the-saleroom.com will have a fee of 3% on the hammer price added to their invoice for using this facility. Spink is pleased to continue to offer our brand new on-line bidding platform

Spink Live for no charge through www.spink.com.

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

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

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

the numbers in brackets are inserted by hand.

Serial numbers of lots are shown in most cases.

5


2A Miscellaneous collection of Bonds from manycountries, includes, China, 5% Reorganisation Loan,1913, £20, Hongkong & Shanghai Bank; Congo, CieGenerale Coloniale, pair of certificates for foundersshare and 100 franc ordinary share, 1898; Sweden,Aktiebolaget Ito, 100 kroner share, Stockholm 1918,photographic vignette; Cie des Installations Maritimesde Bruges, 500 franc bond, 1909, extremely attractiveand well known piece without any cancellation holes;Spain, S.A. Astilleros de Tarragona, Barcelona 1918,huge vignette of early shipping; Poland, BankPrzemyslowcow, 1920, 2 examples; Soc. desTelephones Ericsson, founders share; BanqueIndustrielle de Chine, 2 examples, and others (34),and Port of Para, 1 ordinary share (18 examples) andone preferred share (18 examples), a little duplication,a handful are cancelled, mixed condition but many veryfine and better. (81)

£150-200

3A miscellaneous collection of certificates frommany countries, more interesting pieces includeRussian Minerals (Societe d’Etudes) Ltd., £1 ordinaryshares, 19[07], 2 examples; Australia, Mountain MaidUnited Gold Mining Co. Ltd., 10s shares, 189[3];Irish-American Oil Co. Ltd., preference shares,19[30]; Philippines, Consolidated Mines Inc., 19[36],large vignette; Canada, British America Assurance Co.,18[94], vignette of building at left, 2 examples andGuiana-Callao Gold Mining Co., 19[12], others datefrom 1860’s to 1930’s. mostly British and Colonialcompanies, some duplication, includes a batch ofChinese Fractional scrip certificates (66), very mixedcondition but many fine and very fine. (135)

£180-220

MIXED LOTS

1A miscellaneous accumulation of certificates frommany countries, including British South Africa Co.,£1 shares, [1914], capital £9 million; Cable andWireless (Holding) Ltd., preference stock certificates(2), 19[44], blue, Waterlow printing; Pioneer OilfieldsLtd., 19[13]; Boulder-London Gold, Land and OilDevelopment Co., 190[3]; Canadian Lorrain SilverMines, Ltd., [1926], 33 examples, and Porcupine-Davidson Gold Mines Ltd., 19[23], 36 examples, 2types, other countries include Russia, Mexico, GreatBritain and Malaya, mixed condition but many very fineand some extremely fine. (117)

£100-200

In line with other specialist auctioneers wehave introduced a rarity guide for moreexpensive items. This is placed at the end ofthe text thus [R10].The table of rarity is as follows:

1 known . . . . . . . . . .[R12]2 known . . . . . . . . . .[R11]3-5 . . . . . . . . . . . . . .[R10]6-10 . . . . . . . . . . . . .[R9]11-25 . . . . . . . . . . . .[R8]26-50 . . . . . . . . . . . .[R7]51-100 . . . . . . . . . . .[R6]101-250 . . . . . . . . . .[R5]251-500 . . . . . . . . . .[R4]501-1000 . . . . . . . . .[R3]1001-5000 . . . . . . . .[R2]More than 5000 . . . .[R1]Estimated . . . . . . . . .[R6*]


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4A worldwide selection of Banking and InsuranceCompanies, comprising Staffordshire Joint StockBank Ltd., 2 types, 1874 and 1884, the first withvignette of allegorical figure; York City and CountyBanking Company, a proof certificate, circa 1860printed by Perkins, Bacon & Co., vignettes of YorkMinster and gates of the City; People’s TrustCompany Ltd., a specimen £10 debenture from theBradbury, Wilkinson & Co. archive, 1914, steam train,steamship, mine and ironworks vignettes; Italy,Banque du Tavoliere de Foggia, 500 ducat bond,Naples 1835; Banco Popular del Peru, a specimen 8%mortgage bond for 100 libras from the ABNCo.archive, circa 1910 and South Africa, CapeCommercial Bank, £12 share, 1854, and others (9), afew with condition problems but well worth inspection,fine to very fine. (15)

£200-250

AFRICA

BRITISH EAST AFRICA5Anglo East African Cotton Co. Ltd., £100debenture, 1931, no.51, ornate border, blue andbrown; together with Rand & East AfricanCorporation Ltd., 2/6d shares, 19[34], no.128; Asmall group of 7 certificates of Bonnington Hotels,1912 to 1959, 4 different types, and miscellaneousBritish companies overseas, Canadian and Americancertificates (28) dating from 1919 through to 1970,some duplication, some cancelled, mixed condition butmany are very fine. (36)

£80-100

MADAGASCAR6S.A. des Mines D’Or de Vahinambo (Madagascar),25 franc share, undated but looks late 19th century,no.4235, ornate border, red, brown and gold, almostextremely fine.

£60-80

MOZAMBIQUE7Beira Junction Railway (Port Beira to Fontesville)Ltd., a set of bearer certificates for 5, 10 and 25 sharesof £1, 1895, numbers 3740, 5842 and 9874, ornateborders with steam train at bottom, red, orange-brown and green respectively, with coupons, stampedcancelled, all in the 1950’s, the first slightly trimmedotherwise about extremely fine. (3)

£80-100

SOUTH AFRICA

8Anchor Diamond Mines Ltd., bearer warrant for 10shares of £1, London 190[9], no.6067, ornate border,red and black with blue underprint, text in English andFrench, with coupons, good very fine and scarce type.

£60-80

9De Beers Consolidated Mines Ltd., share warrantfor 10 shares of £2 10s, 190[2], no.C76420, signedby Alfred Beit as Director, ornate border, green andblack, no coupons, together with similar certificatesfor 1 share and 5 shares signed by other directors,190[2] and 190[4], other bearer shares of West RandConsolidated Mines Ltd., 1930’s, 5 different types,Durban Roodepoort Deep Ltd., 5 shares, 189[5], and1 and 25 shares, 1930’s, and Diamond miningcertificates (4) comprising Consolidated DiamondMines of South West Africa Ltd., 1949 and 1958,Premier (Transvaal) Diamond Mining Co. Ltd., 1951and 1957, generally fine to very fine and better. (15)

£80-100

10French Rand Gold Mining Co., a group of 12certificates for 25 shares of £1, 190[2], attractiveWaterlow printed pieces with female head at top,ornate border, blue and black, with coupons, extremelyfine. (12)

£100-120



7

11Natal-Zululand Railway Ltd., 3% first mortgagedebenture for £100, 189[7], no.1529, very largeformat piece with ornate border, blue and blue-green,embossed red duty stamp, hole cancelled, folds withslight wear in centre, about very fine and rare.

£60-80

12Soc. d’Exploration au Transvaal, 100 franc share,Paris 1901, no.1393, mountain range behind title,miner at left, European gentleman at right, blue, withcoupons, extremely fine.

£60-80

13Transvaal Consolidated Land & ExplorationCompany Limited, a group of 3 specimen certificatesprinted by W.W.Sprague & Co. Ltd., for 1, 5 and 25shares of 10 shilling, London 19- (circa 1905), ornateborders incorporating vignettes of grand building andwagon with oxen, green and yellow, no coupons, nonumbers or signatures and not marked as a specimenbut was found with other specimens from this printer,paper a little brittle and slight browning, very fine orbetter. (3)

£60-80

MIDDLE EAST

EGYPT14Egyptian Estates Ltd., bearer warrant for 5 deferredshares of 1 shilling, 190[5], two examples, numberedB169 and B197. ornate border, blue, pink underprint,text all in English, with coupons, pinholes, very fineand first time we have seen this new type. (2)

£60-80

OTTOMAN EMPIRE15Droguerie Centrale D’Orient, certificate for 5founders shares, Constantinople 1925, no.1851-55,large format piece with ornate borders, poppies at leftand right, green and black, text in French and Arabic,with coupons, good very fine; together with Chemin deFer Ottoman Jonction Salonique Constantinople, 5%500 franc bond, 1893 (6 examples), mixed conditionbut mostly very fine. (7)

£60-80

16S.A.Ottomane d’Exploitation des TerrainsD’Indjirli, T£5 share, Constantinople 1918,no.12702, large format piece with Arabic at top andFrench below, ornate border, green and black, withcoupons, good very fine.

£60-80

TUNISIA

17Compagnie Franco-Tunisienne de Navigation, 100franc share, Marseille 190[5], no.2334, attractivepiece including inset vignettes of cityscape and portscene at bottom, black with grey underprint, withcoupons, very fine.

£150-180



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MIXED LOTS18A small collection of Chinese Bonds, comprising1898 Gold Loan, £50 and £100, German issue;Emprunt Chinois, 5% Gold Loan, 1903, 500 francbonds dated 1905 and 1907; Shanghai NankingRailway 5% Loan, £100 bond, 1904; Lung Tsing UHai Railway, 1920 and 1923, and, Railway EquipmentLoan, 1922, £20 bond, fine to good very fine. (8)

£80-120

19A small group of Chinese bonds comprising 1898Gold Loan, £50, German issue, £100, English issue,Shanghai Nanking Railway. £100, 1904; 1925 BoxerLoan, $50, and Banque Industrielle de Chine, 500franc share, 1913, capital 45 million, generally veryfine. (5)

£80-120

20A small collection of Chinese certificatescomprising Canton Kowloon, 1907, £100, thisgood very fine; Tientsin Pukow Railway, 1908, £100,£50 PAID, mauve ink stains on face, small hole incentre; Marconi Loan, £100; Tientsin PukowSupplementary Loan, £100, English issue; BanqueIndustrielle de Chine, 500 franc share, capital 75million, and, an unissued Compagnie FinanciereBelgo-Chinoise, 50 dollars, 1926, generally very fine toextremely fine. (6)

£300-350

21A collection of Chinese Bonds (15), comprising1898 Gold Loan, £25 and £50, German issue, £100,English issue; 1903 5% Gold Loan, 500 francs dated1907; Shanghai-Nanking Railway, £100 bonds (2),dated 1904 and 1907, plus net Profit sub-certificates(3); 1908 Gold Loan, £100, Hongkong issue, thiswith large repaired tear; 1908 Tientsin PukowRailway, £100, English, £20 and £100, German issue;1910 Tientsin Pukow Railway Supplementary Loan,£100, English and £20 and £100, German issue; 1911Hukuang Railways, £20 and £100, French issue and£20 and £100, German issue, and £20 and £100,English issue; 1912 ‘Crisp’ Loan, £20 and £100; 1913Province of Petchili, £20; 1922 Railway EquipmentLoan, £20; 1925 Skoda, £5, £10, £50 and £100; 1925Boxer, $50, and Lung Tsing U Hai Railway, 500 francbonds, 1920, 1921 and 1923, generally very fine andbetter and an excellent basis for a new collection. (34)

£800-1,000

FOREIGN LOANS221898, 41⁄2% Gold Loan, a group of three £25 bonds,issued by the Hongkong and Shanghai BankingCorporation, large format, ornate border, red andblack, red chop in centre, with coupons, fine andbetter. (3)

£200-300

23Chinese Imperial Government, 1898 41⁄2% GoldLoan, unissued bond for £25, countersigned byHongkong and Shanghai Banking Corporation, largeformat piece, red with multicoloured underprint, withfull coupons sheet, extremely fine and extremely rare.[R11]

£700-900

The second of only two pieces found last year. The previousexample was sold by us for £950.

241898, 41⁄2% Gold Loan, a group of 6 bonds for £50,issued by the Hongkong and Shanghai BankingCorporation, large format, ornate border, orange andblack, red chop in centre, with coupons, fine andbetter. (6)

£400-500


ASIA

CHINA


9

25Chinese Imperial Government, 1898 41⁄2% GoldLoan, unissued bond for £50, countersigned byHongkong and Shanghai Banking Corporation, largeformat piece, orange with multicoloured underprint,with full coupons sheet, extremely fine and extremelyrare. [R11]

£900-1,100

The second of only two pieces found last year. The firstwas sold by us for £1100.

261898 41⁄2% Gold Loan, a group of 50 bonds for£100, issued by the Hongkong & Shanghai BankingCompany, large format, ornate border, brown andblack, red ‘chop’ bottom centre, with coupons, fineand better. (50)

£1,500-1,800

271898, 41⁄2% Gold Loan, £500 bond, no.002312,issued by the Hongkong and Shanghai BankingCorporation, large format, ornate border, mauve andblack, red chop in centre, lacking coupons, usual smalledge tears, but no paper loss, fine and scarce.

£300-400

281898 41⁄2% Gold Loan, a group of 19 bonds for £25,issued by the Deutsch-Asiatische Bank, large format,ornate border, red and black, red ‘chop’ bottomcentre, with coupons, fine and better. (19)

£300-400

291899, Chinese Imperial Railway, Railways ofNorth China, 5% Gold Loan, £100 bond, no.01600,very large format piece with ornate border, brown withblue underprint, with coupons (K.90), a few edge tears,a little toned, about very fine.

£150-180


Lot 27


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301899, Chinese Imperial Railway, Railways ofNorth China, 5% Gold Loan, £100 bond, no.02974,very large format piece with ornate border, brown withblue underprint, with coupons (K.90), split at centrefold otherwise nice condition, good very fine.

£150-200

311899, Chinese Imperial Railway, Railways ofNorth China, 5% Gold Loan, £100 bond, no.06285,very large format piece with ornate border, brown withblue underprint, with coupons (K.90), good very fine

£150-200

31A‘Emprunt Chinois’ 5% Gold Loan 1903, a group of40 bonds dated 1905, ornate borders, red and black,with coupons, mixed condition, a few with tears andrepairs but many very fine. (40)

£600-800

32Chinese Imperial Railway 5% Gold Loan,Shanghai-Nanking Railway, a group of 40 bondseach for £100, first issue dated 1904, long thin format,red pink and black, with coupons, generally fine to veryfine. (40)

£600-800

33Chinese Imperial Railway, Shanghai-NankingRailway 5% Gold Loan, 1904, unissued bond for£100, countersigned by the British and ChineseCorporation Ltd., large format, ornate border, red andblack, with full coupons sheets, extremely fine andextremely rare. [R11]

£900-1,100

The second of only two found last year. The first was soldby us for £1100.

34Chinese Imperial Railway 5% Gold Loan,Shanghai-Nanking Railway, a group of 27 bondseach for £100, second issue dated 1907, long thinformat, red pink and black, with coupons, generallyfine to very fine. (27)

£500-700



11

35Chinese Imperial Government, Honan Railway 5%Gold Loan, bond for £100, first issue, 1905, no.24,large format, ornate border, green and black withyellow underprint, coupons glued at right edge, red‘chop’ at top right, good very fine

£80-100

361905 Honan Railway 5% Gold Loan, pair of bondsfor £100, first issue no.3577 dated 1905 and secondissue no.7111 dated 1906, large format, ornateborder, blue-green and black with yellow underprint,both with coupons, a few surface marks on the secondbut very fine and better. (2)

£200-250


37Canton Kowloon Railway 5% Loan, 1907, £100bond, no.8849, large format, red and black, printed byWaterlow & Sons, with coupons, good very fine.

£80-100

381907 5% Canton-Kowloon Railway Gold Loan, agroup of 17 bonds for £100, large format, red andblack, printed by Waterlow & Sons, with coupons,generally very fine. (17)

£700-900


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39Canton Kowloon Railway, 5% Gold Loan, aduplicate bond for £100, #3874, issued in exchangefor the original damaged or lost, large format, red andblack, printed by Waterlow, with coupons, the serialnumber is smaller than the original and the ‘chop’usually to the right is replaced with a smaller example,blue embossed ‘original duty’ stamp, good very fineand one of only two examples currently known. [R11]

£500-600

401908 5% Gold Loan, bond for £20 issued by theBanque de L’Indo-Chine in 1909, no.B097471,walled city of Peking at top, green and black, printedby Waterlow & Sons, no coupons remain as usual, veryfine to extremely fine and scarce thus.

£80-100

411908, 5% Gold Loan, bond for £100 sterling,London 1909, no.015511, countersigned by theHongkong and Shanghai Banking Corporation,vignette under title of the Imperial Palace at Peking,ornate border, mauve and black, printed by Waterlow& Sons, no coupons, good very fine and better thanaverage condition.

£150-200

421908 5% Tientsin-Pukow Railway Loan, a group of47 bonds for £100, issued by the Deutsch-AsiatischeBank, large format, mauve and green and pink, withcoupons, generally fine to very fine, some better. (47)

£800-1,000


Lot 40

Lot 39


13

431908 Tientsin Pukow Railway 5% Loan, a group of5 bonds for £100, issued by Chinese Central RailwaysLtd., large format pieces with ornate borders, orangeand black, printed by Waterlow & Sons, with coupons,all very fine and better. (5)

£200-250

441908 Tientsin Pukow Railway 5% Loan, a group of8 bonds for £100, issued by Chinese Central RailwaysLtd., large format pieces with ornate borders, orangeand black, printed by Waterlow & Sons, with coupons,mixed condition, fine to very fine. (8)

£400-500

451908 Tientsin Pukow Railway 5% Loan, a group of32 bonds for £100, issued by Chinese CentralRailways Ltd., large format pieces with ornate borders,orange and black, printed by Waterlow & Sons, withcoupons, fine to very fine. (32)

£1,200-1,400

461908 5% Tientsin Pukow Railway Loan, bond for£100, no.24109, issued by Chinese Central RailwaysLtd., overstamped with £50 paid in 1926 at top left,large format, ornate border, orange and black, printedby Waterlow & Sons, with coupons, very fine andscarce.

£100-120

471908 5% Tientsin Pukow Railway Loan, bond for£100, no.28501, issued by Chinese Central RailwaysLtd., overstamped with £50 paid in 1926 at top left,large format, ornate border, orange and black, printedby Waterlow & Sons, with coupons, very fine andscarce.

£100-120

481910 5% Tientsin-Pukow Railway Loan, a group of39 bonds for £20, issued by the Deutsch-AsiatischeBank, large format, ornate border, green, black and apink underprint, fine to very fine, a few better. (39)

£600-800

491910 5% Tientsin-Pukow Railway Loan, a group of43 bonds for £100, issued by the Deutsch-AsiatischeBank, large format, ornate border, green and pink,with coupons, fine to very fine, some better. (43)

£600-800

501910, Tientsin Pukow Railway 5% SupplementaryLoan, a group of 24 bonds for £100, issued byChinese Central Railways Ltd., large format, ornateborders, green and black, printed by Waterlow &Sons, with coupons, generally very fine. (24)

£1,200-1,500

511911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 35 bonds for £100, issued by theHongkong & Shanghai Banking Corporation, largeformat, steam train at top, red and black, printed byWaterlow & Sons, with coupons, fine to very fine. (35)

£1,200-1,500

521911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 12 bonds for £20, issued by theBanque de L’Indo-Chine, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, all very fine and better (12)

£300-400

531911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 31 bonds for £20, issued by theBanque de L’Indo-Chine, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, mostly fine to very fine. (31)

£600-800

541911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 22 bonds of £20, issued by theDeutsch-Asiatische Bank, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, mostly about very fine. (22)

£600-800



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551911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 29 bonds of £20, issued by theDeutsch-Asiatische Bank, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, mostly about very fine but some cut closeat right edge. (29)

£700-900

561911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 31 bonds of £20, issued by theDeutsch-Asiatische Bank, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, fine to very fine. (31)

£700-900

571911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 38 bonds for £20, issued by theDeutsch-Asiatische Bank, large format, steam train attop, green and black, printed by Waterlow & Sons,with coupons, mostly fine to very fine. (38)

£800-1,000

581911 5% Hukuang Railways Sinking Fund GoldLoan, a group of 13 bonds for £100, issued by theDeutsch-Asiatische Bank, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, generally about very fine. (13)

£300-400

591911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 16 bonds of £100, issued by theDeutsch-Asiatische Bank, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, generally very fine and better. (16)

£800-1,000

601911, 5% Hukuang Railways Sinking Fund GoldLoan, a group of 20 bonds of £100, issued by theDeutsch-Asiatische Bank, large format, steam train attop, red and black, printed by Waterlow & Sons, withcoupons, fine to very fine. (20)

£800-1,000

611911, 5% Imperial Railway Loan, bond for 100 yen,no.000152, issued by the Yokohama Specie Bank,ornate border, Chinese dragons at top, blue and black,yellow underprint, text in Chinese with English onreverse, with coupons, few nicks in top edge otherwiseextremely fine.

£300-350

621911 5% Imperial Railway Loan, bond for 500 yen,no. 001309, issued by the Yokohama Specie Bank,ornate border, Chinese dragons at top, mauve andblack, pale green underprint, text in Chinese withEnglish on the reverse, with coupons, near extremelyfine.

£250-300


Lot 61

Lot 62


15

631911 5% Imperial Railway Loan, bond for 1000yen, no. 004430, issued by the Yokohama SpecieBank, ornate border, Chinese dragons at top, orangeand black, pale blue underprint, text in Chinese withEnglish on the reverse, with coupons, pinholes, nearextremely fine.

£300-350

641912 5% Gold ‘Crisp’ Loan, a group of 8 bonds for£20, large format with ornate borders, blue andyellow, with coupons, better than very fine. (8)

£200-250

651912 5% Gold ‘Crisp’ Loan, a group of 8 bonds for£20 and 12 bonds for £100, large format with ornateborders, blue with yellow underprint and turquoise,with coupons, mixed condition, fine to very fine. (20)

£800-1,000

66Chinese Government, 5% Sterling Gold Loan of1912, bond for £500, no.730, large format piece withornate border, brown and black, blue underprint, textin English and French, very fine. [R5*]

£600-700

67Chinese Government, 5% Sterling Gold Loan of1912, bond for £1000, no.131, large format piecewith ornate border, red and black, text in English andFrench, small repair at top edge otherwise nearly veryfine and scarce. [R6*]

£1,800-2,200


Lot 66

Lot 67


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68Lung Tsing U Hai Railway, 5% Loan, 1913, bondfor £20, no.064521, together with an accumulation ofother worldwide bonds and shares (33) including aChina, Reorganisation Gold Loan, £20 bond, exframe, and two Confederate bonds, 1864, mixedcondition but many very fine. (34)

£400-500

69Lung Tsing U Hai Railway, a group of reserve stock(unissued) bonds of the 1913, 1920, 1921 and 1923loans, all without serial numbers, with all or mostcoupons, extremely fine. (4)

£100-150

701913 5% Reorganisation Gold Loan, a collection ofbonds comprising £20, French issue, £20 and £100,German issue, £20, Russian issue, brown (2, one withRussian duty stamp), green, ‘Mercury’ at top, peasantsand buildings at either side, with coupons, allextremely fine. (6)

£200-250

711913 5% Reorganisation Gold Loan, a group of 19bonds for £20, issued by the Hongkong & ShanghaiBanking Corporation, ‘Mercury’ at top, peasants andbuildings at either side, brown and black, printed byWaterlow & Sons, with coupons, generally very fineand better. (19)

£400-600

721913 5% Reorganisation Gold Loan, unissued bondfor £20, Hongkong and Shanghai BankingCorporation, ‘Mercury’ at top, peasants and buildingsat either side, brown and black, printed by Waterlow& Sons, with full coupon sheets, not numbered,extremely fine and extremely rare. [R11]

£1,200-1,400

The second of only two pieces found last year.

731913 5% Reorganisation Gold Loan, a group of 5bonds for £100, issued by the Hongkong & ShanghaiBanking Corporation, ‘Mercury’ at top, peasants andbuildings at either side, blue and black, printed byWaterlow & Sons, with coupons, one is fine, theremainder good very fine or better. (5)

£800-1,000

741913 5% Reorganisation Gold Loan, unissued bondfor £100, Hongkong and Shanghai BankingCorporation, ‘Mercury’ at top, peasants and buildingsat either side, blue and black, printed by Waterlow &Sons, with full coupon sheets, not numbered,extremely fine and extremely rare. [R10]

£1,200-1,400

The last of the 3 pieces found last year.


Lot 72

Lot 74


17

751913 5% Reorganisation Gold Loan, a group of 18bonds for £20, issued by Banque de L’Indo-Chine,vignettes of ‘Mercury’ at top, peasants left and templeright, brown, with coupons, one is torn at bottom withsome paper loss otherwise about very fine and better. (18)

£600-800

761913 5% Reorganisation Gold Loan, a group of 51bonds for £20, issued by the Banque de L’Indo-Chine, ‘Mercury’ at top, peasants and buildings ateither side, brown and black, printed by Waterlow &Sons, with coupons, generally very fine and better. (51)

£1,400-1,800

771913 5% Reorganisation Gold Loan, a group of 60bonds for £20, issued by the Banque de L’Indo-Chine, ‘Mercury’ at top, peasants and buildings ateither side, brown and black, printed by Waterlow &Sons, with coupons, generally very fine and better. (60)

£1,200-1,800

781913 5% Reorganisation Gold Loan, a group of 20bonds for £20, issued by the Deutsche AsiatischeBank, ‘Mercury’ at top, peasants and buildings ateither side, brown and black, printed by Waterlow &Sons, with coupons, generally very fine and better. (20)

£400-600

791913, 5% Reorganisation Gold Loan, a group ofbonds for £20 (20), all countersigned by the Deutsch-Asiatische Bank, Mercury at top, city view and peasantsat either side, brown, printed by Waterlow & Sons,with coupons, mostly extremely fine. (20)

£600-700

801913, 5% Reorganisation Gold Loan, a group ofbonds for £20 (28), all countersigned by the Deutsch-Asiatische Bank, Mercury at top, city view and peasantsat either side, brown, printed by Waterlow & Sons,with coupons, all extremely fine. (28)

£800-1,000

811913, 5% Reorganisation Gold Loan, a group ofbonds for £20 (31), all countersigned by the Deutsch-Asiatische Bank, Mercury at top, city view and peasantsat either side, brown, printed by Waterlow & Sons,with coupons, mixed condition but many very fine andbetter. (31)

£800-1,000

821913, 5% Reorganisation Gold Loan, bond for£100, no.878625, countersigned by the Deutsch-Asiatische Bank, Mercury at top, city view and peasantsat either side, blue, printed by Waterlow & Sons, withcoupons, extremely fine.

£150-200

831913, 5% Reorganisation Gold Loan, a group ofbonds for £100 (8), all countersigned by the Deutsch-Asiatische Bank, Mercury at top, city view and peasantsat either side, blue, printed by Waterlow & Sons, withcoupons, very fine to extremely fine. (8)

£1,200-1,500

841913 5% Reorganisation Gold Loan, a group of 15bonds for £20, issued by the Russo-Asiatic Bank,‘Mercury’ at top, peasants and buildings at either side,brown and black, printed by Waterlow & Sons, withcoupons, generally very fine and better. (15)

£400-600

851913 5% Reorganisation Gold Loan, a group of 21bonds for £20, issued by the Russo-Asiatic Bank,‘Mercury’ at top, peasants and buildings at either side,green and black, printed by Waterlow & Sons, withcoupons, generally very fine and better. (21)

£500-600



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86Province of Petchili, 51⁄2% Loan, 1913, bond for£20, no.14640, large format piece with small vignetteof boats in centre, text in French and English, brownand black, with coupons, good very fine.

£150-200

87Province of Petchili, 51⁄2% Gold Loan of 1913,bond for £20, no.19332, very large format piece withvignette of Chinese shipping with mountains inbackground, brown and black, red ‘chop’ in centre,text in French and English, with coupons, good veryfine.

£200-300

88Province of Petchili, 51⁄2% Gold Loan of 1913,bond for £20, no.19350, very large format piece withvignette of Chinese shipping with mountains inbackground, brown and black, red ‘chop’ in centre,text in French and English, with coupons, about goodvery fine, slightly rough right edge.

£200-300

891914, 6% Shanghai-Fengching Railway MortgageRedemption Loan, unissued bond for £1,000, one of20 pieces found in a branch of the Hongkong andShanghai Banking Corporation, large format, greenand black, yellow underprint, red ‘chop’ at bottom,with all coupons, extremely fine and rare. [R8]

£1,200-1,500

901914 5% Gold ‘Industrial’ Loan, unissued bond for500 francs from the reserve stock, large format,vignettes of railways, station and bridge, brown,yellow underprint, with all coupons from 1934, notnumbered, good extremely fine. [R8*]

£150-180


Lot 90

Lot 89


19

911918 8% Treasury ‘Marconi’ Bill, bond for £100,no.001490, with original coupons, ornate border,red and black, yellow underprint, on poor qualitypaper, with coupons, heavy creasing, fine and rare.[R9]

£500-600

921918 8% Treasury ‘Marconi’ Bill, £100 bond,no.001317, ornate border, red and black, yellowunderprint, on poor quality paper, much better thanaverage condition, couple of splits at top edge, very fineand scarce thus.

£80-100

931918, 8% Treasury ‘Marconi’ Bills, a group of 7bonds for £100, ornate border, red and black, yellowunderprint, on poor quality paper, with coupons, fairto fine. (7)

£200-300

941918 8% Treasury ‘Marconi’ Bill, a set of bonds for£1000, no.002023, £500, no.001710 and £100,no.000734, ornate borders, red and black, yellowunderprint, on poor quality paper, with coupons, the£1000 and £500 with some old repairs, fine, the £100very fine. (3)

£600-800

951918 8% Treasury ‘Marconi’ Bill, a set of bonds for£1000, no.002136, £500, no.001992 and £100,no.000166, ornate borders, red and black, yellowunderprint, on poor quality paper, with coupons, splitsalong folds but no paper loss, fair to fine. (3)

£600-800

961919 8% 10 Year Sterling Treasury Notes ‘VickersLoan’, a group of 16 bonds for £100, vignette ofdockside at top, ornate border, green, with coupons,generally very fine. (16)

£250-300



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971919 8% 10-Year Sterling Treasury Notes ‘VickersLoan’, a pair of bonds for £500, no.9188, and £100,no.6322, dockside vignette, blue and greenrespectively, with coupons, about very fine. (2)

£200-250

981919 8% Sterling Treasury Notes (Vickers Loan),bond for £1000, no.10062, small dockside vignette,brown and black, with coupons, good very fine.

£400-500

991919 8% Sterling Treasury Notes (Vickers Loan),bond for £1000, no.10071, small dockside vignette,brown and black, with coupons, red ink stain at topright, very fine.

£250-300

1001919, 6% Two-Year Secured Gold ‘Chicago Bank’Loan, $1000 bond, no.109, vignette of Pagoda attop, orange and black, printed by the American BankNote Co., with coupons, good very fine but small splitfrom staple at top edge. [R6*]

£700-900

1011919, 6% Two-Year Secured Gold ‘Chicago Bank’Loan, $1000 bond, no.4962, vignette of Pagoda attop, orange and black, printed by the American BankNote Co., with coupons, good very fine. [R6*]

£700-900

1021925 8% ‘Skoda’ Loan, a set of 6 bonds for £1000,£500, £100, £50, £10 and £5, ornate borders, ‘chop’in centre, various colours and redemption dates, withcoupons, very fine to extremely fine. (6)

£700-900

1031925 8% ‘Skoda’ Loan, bond for £1000,no.0026746, ornate border, red and black, ‘chop’ incentre, with coupons, extremely fine.

£300-400

1041925 5% Gold ‘Boxer’ Loan, a group of 20 bondsfor US$50, ornate border, brown, yellow underprint,text in English and French, with coupons, generallyvery fine to extremely fine. (20)

£180-220


Lot 100


21

1051925 5% Gold ‘Boxer’ Loan, a group of 35 bondsfor US$50, ornate border, brown, yellow underprint,text in English and French, with coupons, mixedcondition, some damaged, but many very fine. (35)

£300-400

1061925 5% Gold ‘Boxer’ Loan, a group of 100 bondsfor US$50, ornate border, brown, yellow underprint,text in English and French, with coupons, mixedcondition but many very fine to extremely fine. (100)

£800-1,000

1071928 6% Gold Loan ‘Belgian Boxer’, bond forUS$100, no.25, 645, ornate border, green and black,with coupons, couple of small edge tears, very fine.

£140-180


Lot 102

Lot 107

Lot 103


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1081934, 6% Sterling Indemnity Loan, bond for£1000, no. 6502, portrait of Sun Yat Sen at top, textin Chinese and English, red and blue, pink underprint,with coupons, about extremely fine. [R7*]

£600-800

1091936, 6% Shanghai-Hangchow-Ningpo RailwayCompletion Loan, pair of bonds for £50 and £100,large format pieces with Sun Yat Sen top right, ornateborders, green, red and blue and brown, green andblue respectively, with coupons, extremely fine. (2)

£120-150

1101937 Secured Sinking Fund Bond (PacificDevelopment Loan), bond for US$1000, no.M4071,pagoda at top, blue and black, with coupons, ABNCo.printing (K.952) with Form TFEL-2 attached,extremely fine. [R5*]

£500-600


Lot 109

Lot 110


23

MUNICIPAL LOANS

111City Government of Greater Shanghai, 7%Shanghai Rehabilitation Loan, 1932, bond for$100 (Shanghai currency), no.C00694, large formatpiece with ornate borders, green and black, text all inEnglish, with coupons, good very fine.

£300-400

x112City Government of Greater Shanghai, 7%Shanghai Rehabilitation Loan, 1932, bond for$100 (Shanghai Currency), no.C1651, large formatpiece with ornate borders, green and black, text all inEnglish with coupons, small split at top right corner,otherwise extremely fine.

£300-400

x113City Government of Greater Shanghai, 7%Shanghai Rehabilitation Loan, 1932, 1932, bondfor $1000 (Shanghai Currency), no.D3088, largeformat piece with ornate borders, brown and black,text all in English with coupons, extremely fine.

£300-400


Lot 112

Lot 113


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x114City Government of Greater Shanghai, 7% Loan of1934, bond for $100 Chinese Silver, no.A0723,ornate border and titles, green and black, withcoupons, extremely fine.

£300-400

x115City Government of Greater Shanghai, 7% Loan of1934, bond for $1000 Chinese Silver, no.B0812,ornate border and titles, orange and black, withcoupons, extremely fine.

£300-400

x116City Government of Greater Shanghai, 7% Loan of1934, bond for $5000 Chinese Silver, no.C0048,ornate border and titles, blue and black, with coupons,slight discolouration at bottom right corner, extremelyfine and scarce. [R7*]

£2,000-3,000


Lot 114

Lot 115


25

117Shanghai Municipal Council 6% Loan of 1940,debenture for $10,000, no.E02139, Shanghai Councilbuildings top centre, ornate border, mauve and black,printed by Waterlow & Sons, rust damage at top edgefrom paper clip otherwise very fine and a raredenomination. [R10*]

£400-500

118British Municipal Council Tientsin, GeneralPurposes Loan, 1932, bond for $500 (Tientsincurrency), no.297, ornate border with coat of arms ofthe city in centre, brown and black, printed byWaterlow & Sons, with coupons, extremely fine.

£300-400

BANKS AND COMPANIES

119Banque Industrielle de Chine, 500 franc Foundersshare, 1913, traditional Chinese design witharchitectural border and cityscape flanked by dragonsat bottom, blue and black, with coupons, good veryfine.

£200-250

120Banque Industrielle de Chine, nominative certificatefor ordinary shares of 500 francs, Paris 1920, capital150,000,000 francs, orange brown border of dragonat left, brown and black, adhesive duty stamps, fine tovery fine. Shares were available in either bearer ornominative (registered) form and although bearer areseen quite regularly, nominative certificates are scarce.

£80-100

121Chinese Engineering and Mining Co. Ltd., 10shares of £1, London 19[12], no.C11321, capital £1million, Britannia stands over miner with pick, orangeand black, text in English and French, printed byWaterlow & Sons, with coupons, some remains ofpaper endorsements, bottom edge a little uneven, goodvery fine.

£100-120



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122Chinese Engineering and Mining Co. Ltd., 25shares of £1, London 19[12], no.D1702, capital £1million, Britannia stands over miner with pick, mauveand black, text in English and French, printed byWaterlow & Sons, with coupons, bottom right cornertorn away, some remains of paper endorsements,otherwise about very fine.

£60-80

123Chinese Engineering and Mining Co. Ltd., 2 sharesof £1, London 19[21], no.G3454, capital £2 million,Britannia stands over miner with pick, brown andblack, text in English and French, printed by Waterlow& Sons, no coupons, couple of edge tears, some remainsof paper endorsements, good fine.

£80-100

124Chinese Engineering and Mining Co. Ltd., 5 sharesof £1, London 19[21], no.B20043, capital £2 million,Britannia stands over miner with pick, brown andblack, text in English and French, printed by Waterlow& Sons, with coupons, couple of edge tears, someremains of paper endorsements, fine to very fine.

£80-100

125Oriental Bank Corporation, £25 ‘new’ share,London 1855, no.44308, small format piece, red, veryfine and very scarce type. [R9]

£80-100

JAPAN

126Imperial Japanese Government, 5% Loan, 1909,bond for 100 yen, Mark ‘Ko-Ro’, no.59757, vignetteof Takeuchi Sukune at right, very ornate border, textin Japanese on front with English translation onreverse, blue & black, no coupons, very fine.

£80-100

127Ville de Tokyo (City of Tokyo), 5% Loan of 1912,bond for 500 francs, no.24709, large format piecewith vignette of tree lined river with small sailingvessel, electric tram in left border, power station inright border, green and black, printed by Waterlow &Sons, with coupons, very fine.

£100-120



27

128Nippon Kogyo Ginko (Industrial Bank of JapanLtd.), bearer certificate for 50 shares of 50 yen, 1906,no.347151-200, ornate border, black, pinkunderprint, full text in Japanese and English, withcoupons, good fine and scarce.

£150-200

Heavily traded on the London Stock Exchange andusually found here rather than in Japan.

MALAYA

129Cheng Rubber Estates, Ltd., pair of certificates for 1tael and 10 candareen shares respectively, 19[24] and19[32], no.536 and no.2382, capital restructureoverprinted in red, both with monogram in centre,ornate border, brown and black, American style,printed by Colombian Bank Note Co., both extremelyfine. (2)

£60-80

Both stock exchanges in Shanghai and Hongkong took anactive part in the Malayan rubber boom which started in1910. This company was registered in Hongkong butquoted in Shanghai in Shanghai currency.



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SIAM

130Royal Siamese Governemnt, 41⁄2% Sterling Loan of1907, bond for £100, issued by the Hongkong andShanghai Banking Corp., no.01321, vignette ofSiamese Palace, three elephants below, black and red,text in English and French, printed by Waterlow, Bros& Layton, with coupons, numerous cancellation holes,very fine and scarce.

£180-220

131Royal Siamese Government, 4% SterlingConversion Loan of 1936, bond for £100,no.B8885, large format piece with coat of armsflanked by speeding steam train and rice field, mauveand black, printed by Waterlow & Sons, with coupons,a few cancellation holes, a little creased, tear at bottomedge (40mm), very fine.

£140-180

132Royal Siamese Government, 4% SterlingConversion Loan, 1936, bond for £100,no.B13002, large format with coat of arms in centre,steam train at left, workers in field at right, mauve andblack, printed by Waterlow & Sons, with coupons,hole cancelled, light tide mark from prior framing, veryfine.

£150-180


Lot 131

Lot 132


29

AUSTRALIA

133Melbourne & Suburban Railway Co., £10 share,185[9], no.1081, vignette of steam train about tocross a bridge flanked by a surveyor and a navvy, planof the route below, black on thick paper, aboutextremely fine.

£100-150

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

134Standard Bank of Australia Ltd., £5 ordinary shares,London register 189[4], £3 10 shillings paid, #21,scrollwork at left, brown, good very fine.

£150-180

Formed in 1879 and liquidated in 1899.

135The Bendigo Goldfield Registry, by John NeillMacartney, 2nd edition, Melbourne 1872, awonderful volume on the history of the BendigoGoldfield with numerous fold out plans and acomplete list of all of the companies operating therewith their capital and location, a few advertisements atfront and rear, original cloth binding, some repair to afew plans but otherwise in good condition and aninvaluable source of information.

£180-200

136Travels in Western Australia, being a description ofthe various Cities and Towns, Goldfields, andAgricultural Districts of that State, by May Vivienne,2nd edition, London, Heinemann 1902, 344 pages,numerous photographic illustrations, a rather unusualwork by a lady who had previously travelled andwritten on other states in Australia, the vendor haskindly noted all the mine names and the page onwhich they are referenced, a useful and very readablevolume, cloth bound with gilt titles, some minorspotting but generally very good condition.

£80-100

CANADA137Government of Quebec, 41⁄2% Loan, 1880, a groupof 4 bonds for 500 francs or £20, Quebec 1880, coatof arms in centre, black with green ‘500 Frs’ and‘£20Stg’ in centre, text in French and English, holecancels through signatures, one has a small ink stain,very fine or better and scarce. (4)

£120-150

138City of Vancouver, Local ImprovementsDebenture, a specimen 4% bond for £100, 1907,from the ABNCo. archives, allegorical female withdockside in background, ornate border, green andblack, with coupons, numbered 0000 and overprintedSPECIMEN in red, about extremely fine.

£120-150



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139British Canadian Lumber Corporation Ltd., anattractive group of certificates for 10 ordinary shares,black and 10 preference shares, red, dates range from1911 to 1912, all with vignette of trees being felledand dragged into the river, printed by Waterlow &Sons, 19 examples of each, very fine to extremely fine.(38)

£150-200

140Freehold Loan & Savings Company, a group of 5certificates for $100 shares, Toronto [1881], smallformat, black; together with Reliance Loan andSavings Co. of Ontario, $100 shares, 189[8], coat ofarms at top, black, red seal, and a group of 3certificates of the North American Loan, Building andTrust Co. Ltd., Vancouver, $50 shares, dated 1912 to1914, ornate border, blue, generally very fine, the firstscarce early dates. (9)

£80-100

141Hall-Anderson Gold Mining Co., $1 shares, 1885;Beauce Gold Mining & Milling Co., 100 shares of$5, 1881, cancelled, both attractive US style pieceswith vignettes; Vancouver Timber and TradingCompany Ltd., $100 ordinary shares, Vancouver,B.C. (1918), signed by Albo von Alvensleben asDirector, black and green, green seal; together withother Canadian certificates comprising AlbertaCanadian Oil Co, 1911; Bear Hydraulic Mining Co.Ltd., 1908; Canadian General Mining Co. Ltd., circa1905; Piedmont Petroleum Products Co. Ltd., 1914;White Island Sulphur Co. Ltd., 1913; East CanadaPower & Pulp Co. Ltd., 1911; Canadian MortgageAssociation, Paris, 1910, very attractive pieces, withcoupons (3 examples), and a small group of GrandTrunk Railway Company of Canada, first preferencestock (2), second preference stock (2), thirdpreference stock (3) and Consolidated stock (2), datesranging from 1902 to 1922, mixed condition butmostly very fine, some better. (21)

£100-120

142English Companies in Canada: Canadian & NorthWest Land & Mining Co. Ltd., £10 shares, 186[8] or[9] (4 examples); Canada West Land & Petroleum Co.Ltd., £20 share, 1866; Queen Bess Proprietary Co.Ltd., £1 shares, 189[8], blue; Velvet Portland MineLtd., 10 shilling shares, 190[4]; Lightning Creek(British Columbia) Hydraulic Mining Co. Ltd., £1shares, 19[10]; Parson’s Pond Oil Syndicate Ltd., 1shilling shares, 19[14] (2 examples); Teck-Lebel(Kirkland) Syndicate Ltd., £1 ordinary shares, 19[15](2 examples), and Kirkland Goldfields Ltd., £1 shares,19[15], mixed condition but mostly very fine, somebetter. (13)

£80-100

EUROPE

AUSTRIA143City of Vienna, 7% Loan, 1923, bond for 200,000kronen, series 0925, no.0080, cityscape at top, ornateborder, red and brown, with coupons, extremely fineand scarce top denomination.

£50-60

x144Kaiser Ferdinands Nordbahn, 1000 gulden share,Vienna [1843], no.94, handsigned by Salomon vonRothschild as director, ornate border with coat ofarms at top flanked by coats of arms of various stateswithin the Austro-Hungarian Empire, early steamengine in bottom border, black, with coupons, edges alittle brittle with many small splits and folds, some largertears, fine and rare early date and rare signature.

£300-400

x145Kaiser Ferdinands Nordbahn, 1000 gulden share,Vienna [1843], no.132, handsigned by Salomonvon Rothschild as director, ornate border with coatof arms at top flanked by coats of arms of various stateswithin the Austro-Hungarian Empire, early steamengine in bottom border, black, with coupons, edges alittle brittle with many small splits and folds, some largertears, fine and rare early date and rare signature.

£300-400



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x146Ferdinands Nordbahn, 1000 gulden share, lit. A,19[36], no.31534, ornate border with railwayvignettes in bottom corners, allegorical figures in topcorners, brown, blue and black, with coupons, smalltear at bottom edge, very fine.

£60-80

147Wien-Pottendorf-Wr Neustädterbahn,schuldverschreibung 200 gulden, 1874, no.0100,ornate border, winged wheel, black, with coupons,several endorsements on face, extremely fine.

£60-80

148Kaiserjubilaum - Stadttheater, antheilschein, 100gulden, Vienna 1898, no.2676, lovely vignette oftheatre at bottom, green and brown, with coupons,extremely fine.

£120-150

BELGIUM

149Kingdom of Belgium, 25-Year 71⁄2% External GoldLoan, a specimen bond for $1000, 1920, from theABNCo. archives, allegorical figures at top, green andblack, with coupons, numbered 00000 andoverprinted SPECIMEN in red, very fine and rare.

£180-220



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150Société du Nouveau Cirque, 100 franc share,Belgium 1894, no.0988, ornate ‘horseshoe’ borderincluding cherubs with shield at top, horse heads toleft and right, and allegorical figures at bottom, black,grey and buff, heavy folds, pinholes top left, about veryfine.

£80-100

CZECHOSLOVAKIAx151Republic of Czechoslovakia, State Loans, a smallcollection comprising 41⁄2% Unification Loan, 1936,bonds for 500, 10,000 and 50,000 korun, the lastoverprinted ‘Protectorate of Bohemia andMoravia’ in both German and Czech, large coat ofarms flanked by rampant lions; 3% Unification Loan,1936, bond for 10,000 korun, coat of arms flanked byrampant lions and stylised ‘Mercury’ standing at left;41⁄2 Defence Loan, 1936, 500 korun, soldier withallegorical female, coat of arms above left; earlier loans,1922-1926 (5), an interesting lot, some scarce,generally very fine. (10)

£100-150

x152Czechoslovakia, Municipal Loans, comprisingCarlsbad, 4% 1919, 500 korun; Prague, 5% Loan,1913, 2000 korun, 2 examples; Prague, 4% Loan,1919, 1000 korun and 10,000 korun, 2 examples, onewith US ownership certificate attached, this rather poorcondition, all with mauve handstamp of the Republicof Czechoslovakia applied during the 1920’s, generallyabout very fine. (6)

£60-80

153K.K.Priv. Schokolade und ZuckerwarenfabriksAG, Lobositz, 200 kronen share, Prague 1913,no.7405, black with very ornate grey underprint,Dutch impressed duty stamp, no coupons, Czech postWW1 validation stamp, extremely fine.

£50-60

x154Czechoslovakian Banks: a small selection comprisingHospodarskej Banky, 200 korun, 1920, busy riverscene and agricultural vignettes; Tatry Banky, 200korun, 1921, multicoloured border and vignettes attop; Zivnostenske Banky, 200 korun, 1933; BankyCeskoslovenskych Legii, 200 korun, 1921, and,Ludovej Banky, 50 korun, 1926, all with coupons,generally about extremely fine and better. (5)

£80-100

x155American-Slovak Bank Bratislava, 25 shares of 200korun, Bratislava 1921, no.44676-44700, attractivepiece with vignette of New York skyline and Statue ofLiberty at right, with Bratislava and its castle at left,green and brown, with coupons, good very fine.

£60-80



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156Banka Pro Prumysl Pivovarsky, 400 kronen share,Prague 1919, no.7080, ornate border, hops surroundcompany seal with cherubs around, black, brown andgreen, with coupons, extremely fine.

£60-80

x157Banky “Orava” Úc.Spol, 200 korun share, DolnyKubin 1920, no.881, attractive piece with vignette ofOrava Castle at top, pair of girder bridges at bottom,brown, with coupons, centre fold, good very fine.

£60-80

x158Banky “Orava” Úc.Spol, 200 korun share, DolnyKubin 1920, no.880, attractive piece with vignette ofOrava Castle at top, pair of girder bridges at bottom,brown, with coupons; together with Landesbank desKonigreiches Bohmen, 41⁄2% Loan, 5000 korun 1921,attractive piece with allegorial figure; a pair ofHungarian bonds, 1916, with overstamp and bisectedadhesive Czech duty stamp attached, and a Russianshare of Soc Miniere et Chimique Alaguir, 250roubles, 1897, the first with small tear and chip atright, fine to very fine. (5)

£80-100

159Bantlinovy Chemické Továrny (BantlinovyChemical Factories), 500 koruna share, 1920,no.3217, ornate border with chemistry equipment toleft and right, grey and brown, text in Czech, Germanon reverse, extremely fine.

£60-80


Lot 159


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x160Czecholsovak Commercial Corporation ofAmerica, 500 korun share, 1919, statue of Liberty incentre, Americans at left, Czechs at right,multicoloured flags at bottom, designed and signed byE. Bohac in 1919, sadly this has several dozen very smalldigs on the surface and a 30mm tear at left; togetherwith other Czech pieces comprising Prager EisenIndustrie Ges., 10 shares of 500 korun, 1921,ironworks in centre, small tear at bottom;Etablissements Skoda, 10 shares of 320 korun, 1920;Zuckerfabriken Mahr.Kromau-Oslava AG, 200 korun,1933; Export Malzfabriken Schindler & Steina, 5shares of 300 korun, 1930; Roth-KosteletzerSpinnerei und Weberei, 200 korun, 1937; Elektafilm,50 shares of 400 korun, 1928; Ersten SchattauerThonwarenfabriks AG, vorm. C. Schlimp, 400 korunshare, 1926, 3 examples, and, Cosmanos Spojenetovarny textilni a tiskarny latek, 400 korun, 1925,generally very fine to extremely fine unless stated. (11)

£100-150x161“Iskry” Ucastinarskej Spol., 5 shares of 200 korun,1921, no.5416-5420, ornate border with light bulbsin each corner, figures in local costume holding lightbulbs at bottom, electric motor bottom centre, blueand red, with coupons, good very fine.

£60-80

x162Montan- und Industrialwerke vormals Joh. Dav.Starck, share of 200 gulden, Unterreichenau 1885,no.13281, ornate border, tools at top and in embossedseal, blue and black, with coupons, near extremely fine.

£60-80

x163Vacuum Oil Co. Ltd., one share of 2500 korun,Prague 1927, no.0030, ornate border, brown, inCzech and English, with coupons, about extremely fineand scarce.

£60-80

Employed Adolph Eichman but he lost his job, beingunmarried, when unemployment rose dramatically inthe 1930’s. Was also guilty of using Auschwitz SlaveLabor during World War II .



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DENMARK

x164Brio, 500 krone share, Frederiksberg 1927, no.10,ornate and colourful border, black, brown and blue,with coupons, extremely fine.

£80-100

BRIO the wooden toy manufacturer was founded inSweden in 1884 by Ivar Bengtsson. His sons took over in1908 and the company still makes toys today, sellingthroughout the world. This Danish subsidiary wasformed in 1927. BRIO is now owned by larger toy andgame manufacturer, Ravensburger.

x165C. Schous Fabriker, 1,000 krone share, Copenhagen1916, no.1880, large vignette of factory and companypremises at top, ornate border, black and yellow, withcoupons, good very fine.

£70-90

An old established manufacturer of soap. Moved toCopenhagen in 1888 and added other household goods tothe business. The Limited company was formed in 1916.In 1925 the firm imported matches from Finland andbranded them with their own name. Closed in 1974.



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x166Danske Asiatiske Compagnie, 500 kroner share, [1825], no.2755, issued to C. J. Hambro & Son, interesting earlypiece with vignette of allegorical figure with boat and goods, black printing, very fine. [R9*]

£1,600-1,800

Carl Joachim Hambro was a Danish merchant and banker, and founded Hambros Bank in London in 1839, originally named‘C.J. Hambro & Son’. The company was founded in 1732 to trade with India and China. The 18th Century saw a profitableand flourishing trade with the company erecting numerous architect designed warehouses in Copenhagen for goods brought backfrom the Orient. During the Napoleonic Wars it suffered from diminishing trade especially when war with England broke outin 1807. Wound up in 1838 and closed in 1843.

ex Classic Effecten GmbH auction no.3, 1990.



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x167Danske Genforsikring, 1,000 krone share,Copenhagen [1917], no.2005 ‘B’, graphic border,black printing, with coupons, extremely fine.

£50-60

x168Danske Landmandsbank, 1,000 krone share,Copenhagen 1912, no.45857 ‘C’, allegorical figureswith agriculture and fishing at top, black with oliveunderprint, with coupons, damage to top and rightedge, fine to very fine.

£80-100

x169Det Forenede Dampskibs-Selskab, 2,000 kroneshare, Copenhagen 1899, no.3871 ‘A’, steam shipbelow title, ornate border, black, punch cancelled?,slight damage to top edge, about very fine.

£180-220

x170Gribskovbanen, certificate for 30 krone share, 1945,no.73, vignette at top of the small local railway inforest, black with blue underprint, with coupons, goodvery fine.

£250-300


Lot 170

Lot 169


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x171Kinografen I Odense, 250 krone share, Odense1912, no.52, ornate border, black printing on buffpaper, some small edge tears, about very fine.

£50-60

x172Korsør Skibsværft, 1,000 krone share, Copenhagen[1919], no.839, bold border, black and blue-green,with coupons, good very fine.

£80-100

x173Nordisk Fjerfabrik, 2,000 krone share, 1918, no.134‘serie A’, ornate border with scrollwork in corners,underprinted company logo, black and yellow,punched holes at top, about very fine.

£70-90

x174Nordsjællands Elektricitets Sporvejs, 2,000 kroneshare, Copenhagen 1911, no.351, bold border, blackwith blue underprint, text in Danish, German andFrench, punch cancelled, good very fine.

£200-250

x175Det Oversøiske Compagnie, 1,000 krone share,1917, no.904, sailing ship and steamship at top withallegorical figure atop a globe in the centre, black andbrown, with coupons, very fine.

£80-100



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x176Rederiet Nordhavet (North Sea Company), 1,000krone share, Marstal 1919, no.52, sailing ship at top,ornate border, black and gold, with coupons, good veryfine.

£70-90

FRANCE177A collection of French certificates (38), mostly1920’s and later (a couple earlier) with varying themesincluding maritime, automobile and related,manufactuing and others, a colouful lot, very fine toextremely fine. (38)

£60-80

178S.A. Chantiers Aéronavals E. Romano, foundersshare, and 100 franc share, both Cannes 1929, ornateborder with chain and anchors, aircraft at top and shipat bottom, black with peach, and black with blue-green respectively, both with coupons, both aboutextremely fine. (2)

£60-80

179Compagnie Générale de Navigation a Vapeur surles Canaux Hélice Mobile, bearers share, Paris 1863,no.2412, lovely ornate border incorporating harbourscenes, reeds, anchors, and allegorical figures at top,blue with pale green underprint, with coupons, heavycentre crease, about very fine.

£80-100

180Compagnie Internationale Phonique CIP, a rarefounders share, Paris 1907, no.2102, beautiful ArtNouveau certificate designed by Paul Poncet withlarge vignettes of allegorical females, one reading froma book, the other playing a lyre, a phonograph andrecords at bottom, another in centre, theatrical masksat top, green, without coupons, very fine.

£350-400

Formed in 1907 in association with the AssociationPhonique des Grands Artistes failing also failing in1910 and passing under the control of Pathé Freres.



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181Compagnie des Eaux de Nimes, 100 franc bond,Paris 1869, no.14849, very attractive piece withvignettes of some of the city’s Roman buildings suchas the Pont du Gard, Maison Carrée and the secondcentury amphitheatre, water fountain bottom centre,black with pink underpprint, with coupons, very fine.

£100-120

182Etablissement Thermal de Forges-les-Eaux, 100franc share, Paris 192[2], no.27151, lovely piece withvignette of female figures at water source, ornateborder, black and yellow, with coupons, good very fine.

£60-80

183S.A. Francaise des Etablissements Emringer &Marchand, 500 franc share, Paris 1899, no.3309,attractive piece with border of allegorical females,factory buildings at top, blue and green, with coupons,good very fine.

£50-60

Manufacturers of equipment for soda and mineralwater production, syphon heads etc.

184Compagnie des Grands Express Aériens, 500 francshare, Paris 192[2], no.0507, attractive piece withornate border incorporating the Houses of Parliamentto the left, and the Arc du Triomphe to the right,underprint vignette of aircraft, blue with greenunderprint, with coupons, extremely fine.

£100-120



41

185J. Taillandier & Cie, Banquers, 500 franc ‘B’ share,Lyon [1924], no.10631, large vignette of allegoricalfemale in front of agricultural, factory and shippingscenes, cornucopia in top corners, black with greyunderprint, with coupons, very fine.

£60-80

186S.A. du Journal “L’Eclair”, 500 franc share, Paris189[1], no.1339, lovely piece with architecturalborder, allegorical figures with printing press atbottom, blue and peach, with coupons, overstampedin red with reduction to capital in 1897, good very fine.

£60-80

An independent political journal which ceasedpublication in August 1944.

187Jornal La Mode Nationale S.A., 100 franc share,Paris 1898, no.15192, attractive piece with vignettesin each corner depicting head and shoulders ladies infashionable costume, red-brown and green, withcoupons, good very fine.

£60-80

188Soc. en Participation “Le Travailleur Sous-Marin”(Système Piatti dal Pozzo), ‘part bénéficiaire’, Paris1897, no.756, ornate border, red with pale greenunderprint, extremely fine.

£80-100

In 1897 the Italian, Count Piatti dal Pozzo, built aspherical submarine names ‘La France’ which wasequipped with mechanical arms which could be operatedby it’s crew. The submarine was not independentlypowered but was suspended from an overhead barge andsupplied with electric power to operate strong lights so thesalvage operation could be seen.

189S.A.Francaise de la Machine “Calendoli”, 500 francshare, Paris 1902, no.549, attractive Art Nouveaudesign with type-bar machine at right, blue and red,with coupons, about extremely fine.

£60-80

The type-bar machine was invented by Father Calendoli,a Dominican Monk, in 1893.



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190Paris Gigantic Wheel and Varieties Co. Ltd., bearerwarrant for 25 shares of £1, London 189[8],no.D0898, Ferris wheel and buildings in centre, nakedFortuna on winged wheel with flags of France andEngland at left, red and black, printed by Waterlow &Sons, with coupons, about extremely fine and scarcedenomination.

£80-100

191Paris Hippodrome Skating Rink Co. Ltd., bearerwarrant for one share of £1, 19[09], no.79, lovely ArtNouveau vignette of skaters, blue, brown and black,text in English and French, red seal, with coupons,slight discolouration at bottom but very fine and scarce.

£80-100

192Societe du Figaro, nominative share of 100 francs,Paris 19[51], no.000437, ornate border, blue andgrey-green, stamped ANNULE, very fine.

£50-60

193Usines d’Automobiles G. Brouhot, 100 franc share,Paris 1906, no.17470, attractive Art Nouveau stylepiece with allegorical figures at left and right, insetvignette at top of lady driving motor car, olive andyellow, with coupons, good very fine.

£60-80



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THE LOANS OF THE GERMAN REICHThe German Ministry of Finance (BADV) has awarded Spink with the sale of the inventory ofhistoric bonds from the former German Reichsbank. The certificates on offer in this auction havea remarkable history. Having been stored in the impenetrable safe of the Reichsbank in Berlin,they survived the Second World War unscathed by bombings. Even during the years of the GDRthey went largely untouched. Following German reunification, the German Ministry undertookthe settlement of all legal claims, and with this process now completed, this historically importantcollection of certificates can finally be sold. Any revenue generated by this auction will go directlyto the Nazi-Crimes Compensation Fund.

THE KAISERZEIT 1871-1918 (LOTS 194-214)The German Reich was founded following the German victory over France in the Franco-German War(1870/71) under the leadership of Kaiser Wilhelm I. Until 1890, the politics of the Reich was dominated bythe so-called “Iron Chancellor”, Otto von Bismarck. His influence also extended to the establishment of theReich’s fiscal administration. The first fiscal measure was the unification and standardisation of the currencieswith the introduction of the Mark and the Gold Standard. In building up the financial authorities, the Reichoften fell back on existing Prussian institutions and assigned them the new Reich’s function.The Reich’s Debt Administration was founded in 1871 and has its origins in the Prussian Main Administrationof the States Debt. It took over the Administration of the Reich’s Debt and the conversion of the old loans intothe new Mark. It was under the control of the Chancellor and under supervision of the Reich’s DebtCommission. The following persons were the directors of the Reich’s Debt Office during the existence ofthe German Reich: 1874–1879: Botho Heinrich zu Eulenburg, 1879–1892: Friedrich Hermann Sydow,1892–1905: Otto von Hoffmann, 1905–1907: Rudolf von Bitter der Jüngere und 1907–1918: Alexander vonBischoffshausen. During the Weimar Republic, the directors were Carl Halle 1918–1928 and Ernst Articus1929–1944. The later remained in office for the vast majority of Nazi rule. All Reich borrowing was signed offby the director of the Reich’s Debt Office. Their facsimile signature is always the first signature on the left ofthe signatures of all directors of the Debt Administration on the individual certificates of all loans of the GermanReich.As France was required to pay war reparation to the German Reich, it required virtually no additional finance inits infancy. The Constitution determined that all current expenditures had to be financed by tax, tariffs, post andrailway and that any fiscal deficit had to be covered by the Länder. The Loan bill from 27.1.1875 enabled theReich to obtain external finance and to issue new loans. The purpose of these loans were the development of aReich’s army, marine, fortifications and coastal defences, a post and telegraph administration, financing theacquisition of the Reichsdruckerei, minting a new coin, the implementation of the customs-free zone forHamburg and Bremen and the construction of the Nord-Ostsee-Canal. Sales and Distribution of the bonds issued by the Reich’s Debt Administration was taken on by the new GermanCentralbank, the Reichsbank. It was founded in 1876 and, similarly to the Reichsschuldenverwaltung,originated from an old Prussian Institution, which was founded by Friedrich the Great under the Name“Königliche Giro- und Lehnbank”, laterly called the “Prussian Bank”. The loans that are being sold by Spinkauction originate from the safes of the Reichsbank.The loans of the German Reich (Germania Lot 194) were issued from 1877, with an ornate design as can beseen above. On the left of the paper, the Goddess Germania is depicted with sword and shield. The Reichs Eaglewith its crown can been see above and in the underprint. In the header of the loan is the title “Loan of theGerman Reich” and its year of issue. The certificates bear the facsimile signature of the Reichs DebtAdministration; the director always signs first on the left. They have a watermark with the text“Reichsschuldenverwaltung”. This design remains the same throughout the reign of the German Kaiser until1918. Colour schemes alone are altered according to the issues.The loans were perpetual loans. The Reich however had the right to pay back the loan after a certain time. Thisright was exercised regularly for a conversion, when market interest had fallen. In these cases, the Reichcancelled the loan and offered the owner the newly issued certificate, or quite often just stamped the old withthe new interest rate. If the owner did not agree with the new interest rate, the loan was paid back. From the


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introduction of the Germania loans until 1885 the interest rate was 4 percent. It then fell to 3½% until 1890,and again to 3%, before rising to 4% interest payments were half yearly. Before WWI, the total debt of theGerman Reich was 7bn Marks.

Protectorates Loans (Lots 195-200).The first German colony, German South-West Africa, dates back to 1884. However, it took 24 years and theSupplementary Act of 1908, until the German Colony war able to issue its own debt independently, with a Reichguarantee. The Act only defined redemption. The first six years were free of redemption, afterwards 0.6 percentwas repaid. All the other conditions of the loan, such as the amount, interest, and price of issue were determinedby the German Chancellor. These loans were used primarily to finance larger railway projects in the various colonies, such as the UsambaraRailway in German East-Africa, the acquisition of shares of the East Africa Railway, and the financing of therailway from Duala to the Nyong River in Cameroon. Futhermore, the railway from Lome to Atakpame inTogo, the Otavi-Railway, the North-South Railway in South-West Africa the Refurbishment of the line fromKaribib to Windhuk were acquired, financed or refurbished via these loans. In 1914 the amount of theoutstanding Protectorates loans was 282 Mio. Mark. Redemption continued until 1928.

Germania – War Loans (202-213).The German Reich issued special war bonds to finance the gigantic expenses of the army and navy. Many citizensbought these in support of their solders at the frontline. With the first war loan alone the German Reich wasable to collect as much as 4.5 bn Reichsmark: An enormous amount that corresponded to a tenth of the GermanGDP at that time.During WWI, Germany issued a total of nine loans. The largest loan was the eighth loan in Spring of 1918 at15 bn Mark. In total the German Reich borrowed 98 bn Marks from the public. This covered approximately 85percent of all the war expenditures. For the Reich these loans were the most apt instrument for war financing,given the paucity of alternatives. Increasing taxes was not an option, as it would have created unrest in thealready heavily burdened public. From international capital markets, Germany was largely isolated and unableto get new funds, unlike its wartime enemies England and France, which were able to borrow money from thefuture ally, the United States.It was the ordinary German who financed the state: employees, farmers, artisans and even manual workers. Theyall subscribed to these War loans which were issued two times per year and received a standardized return of fivepercent. The loans were sold through banks and - at that time a novelty - by savings bank. They were availablefrom 100 Mark, which corresponded to one month’s salary for a skilled factory worker. As is common in wartimes there was a lot of money in circulation, but a scarcity of goods and services for households to buy. Hence,people saw in these war loans a good and secure investment, in which they would put their money voluntarily.Additionally, there was high moral pressure on the subscribers of the loans. They did not want to abandon theirown troops and saw it as their patriotic duty to finance the war. The public’s moral support for the army wassteadfast throughout the war, as was it financial support. The German people were convinced that the war wouldbe won and the Reich would not default on its debt. In the year 1919, the Reich’s total debt, including short-term liabilities, reached 156 bn Reichsmark – a gigantic sum indeed.The issuing of the loans by the Reich had to be approved by the Deutsche Reichstag. The decision by theGerman Social Democrat Party to approve the first war loan in 1914, was controversial and of particularhistorical consequence: it led subsequently to the division of the German labour movement.With the outbreak of war, the stock exchanges in Germany, as in most European countries, were closed. Sharestrading resumed after a year, but issuing and trading of loans was forbidden during the entire war up until 1919.The only investment opportunity for investors in bonds was buying War loans. The issuance of the single issueof the war loans was ordinarily accompanied by a prior issuance of seven-year treasury bills, which were financedimmediately and directly by the Reichsbank.The certificates of the war loan were completely in the tradition of the previous bonds of the German Reich.They had the identical design. Indeed, the term “War Loan” only appeared for the first time in autumn 1917,which is testament to the continuity of issuance up until that point. On the last three War Loans (VII, VIII andIX) a print on the top edge of the bond can be seen. The interest of the loan was 5 percent. After the war, theloans continued to be served by the Reich.


45

THE WEIMAR REPUBLIC 1918-1933 (LOTS 215-239)The Weimar Republic emerged following Germany’s defeat and the collapse of its Empire which culminated inthe exiling of its Emperor to Dutch territory. The German economy was in a parlous state, and thousands ofsoldiers sought new employment. Fear of revolution was widespread. At the same time, Germany faced giganticclaims for war reparation by the Allies. The London Ultimatum in May 1921 ordered Germany to pay reparationof 132 bn Goldmark. A large part of state spending had to be financed by credit: as finance could not be raisedby taxation, the state’s printing presses were set in motion. What followed was the most radical hyperinflationof an industrial nation in history.All attempts by the government of the Reich to finance its gigantic need for capital by raising of credit fromvoluntary creditors was doomed to fail, given the turmoil in capital markets amidst the collapse of the Germancurrency. The bonds were creatively structured: they were set up to play on investor irrationality by offering achance at a large win from a lottery. By signing the first German loan after the war, the Deutsche Sparprämien-Anleihe 1919 at 1000 Mark (Lot 215), investors had the possibility to become millionaires. While the loan didnot bear any interest, the owner, however, participated in a half-yearly drawing with 2500 winners, with amountbetween 1000 Mark (1000 winners) and 1 Million Mark (5 winners). The issue was discontinued however, dueto a lack of demand.In 1922 the government under Reich President Ebert found itself obliged to finance itself via a forced loan fromits citizens (Lots 218-220). All person with a wealth higher than 100,000 Mark were obligated to providefinance of up to 10% of the value of their assets. The loan did not bear any interest until 1925, between 1925and 1930 it bore 4 Percent and from 1930, 5 Percent.

The Hyperinflation (Lots 223-235).Had a devastating effect on the value of the forced loan, but also on all earlier Mark denominated loans. Themassive depreciation of the currency meant that these loans lost practically all their value. This was may be agood thing for the German Reich Finances, as the total debt of the German Reich evaporated into thin air. TheGerman savers on the other hand were practically expropriated; their papers had lost all their value. A large partof the population became impoverished. This trauma of the great inflation is still today imprinted into thecollective memory of the Germans.After the successful stabilisation of the currency and the introduction of the Rentenmark which replaced theReichsmark in September 1924, the owner of loan of the German Reich was compensated for their loss withnew certificates of the ‘Replacement Loan’ of 1925 (Lots 236-238). The conversion rate was between 2½ and15 Percent. The total value of this new loan was 1.7 bn. Reichsmark.The new bonds were not interest bearing until the termination of all German war reparations obligations to theallies. The bonds however were directly connected to a drawing certificate with the same nominal value. Thesedrawing certificates participated in a yearly drawing of the redemption of five times their nominal value.

NATIONALSOZIALISM 1933 -1945 (LOTS 240-259)After the seizure of power by the National Socialists, the Ermächtigungsgesetz transferred the right to approvenew state loans from the Reichstag to the government of the Reich. The economic crisis of 1929 had destroyedthe stability of German financial markets, which had been built up over the past 5 years. The president of theReichsbank and minister of finance Hjalmar Schacht provided Hitler with the instrument to overcome the crisis,but also to finance the accelerated German armament. The system used by “Schacht” was at root a Keynesianapproach: that the state increases its debt and, that would be reduced by increasing taxes after an economicrecovery.

The Nazi-loans of the German Reich.The loans of the German Reich played a central role in the financing of the policy of the National Socialists. TheGerman capital market had to serve extensively the demands for credit of the Reich. Private enterprise howeverhad to rely on self-financing by retaining profits. All profit that went beyond 6 Percent, was skimmed off for aninvestment in loans of the Reich. They however renounced the use of “Volksanleihen” as in WW1, as these stillwere extremely unpopular.



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The position of the state in the capital market was so dominant, that the German Reich was even able toinfluence the condition of the loan in its favour. In 1934 nominal interest were 4%, between 1935 and 19374½, 1938 4% and 1941 even 3½%. The Deutsche Reich was able to finance itself without difficulty throughoutthe war.After 1935, the German Reich issued two main interest baring debt securities: Loans of the German Reich inthe form of Bonds (Lots 240-243) and callable Treasury bills (Lots 244-251). The difference between these twosecurities lay mainly in the repayment conditions. The bond had a maximum maturity of 10 years. Every year10 Percent was repaid. Additional to the nominal, half-yearly interest, they had an additional interest payment:If the Reich made a profit in the repayment of the bond, i.e. the difference between the nominal value of 100%and the repayment value, then this profit was distributed to the remaining bonds holders. The callable treasury bills had a 10-year maturity and an identical nominal interest. There was, however, norepayment during the first five years. Every year in its last five years, two numbers between 0 and 9 were drawnand all the Treasury bill whose last digit corresponded to the number drawn from the lot were repaid.Until mid-1936 the new loans kept the stamp of the Reichsschuldenverwaltung with the Reich’s eagle from theWeimar Republic. Only afterwards did the stamp change to the Nazi-Eagle with the Swastika.After the dismissal of its president, H. Schacht, in January 1939, the Reichsbank underwent fundamentalreorganisation. It came under the direct authority of “Führer und Reichskanzler” Adolf Hitler, who in this rolewas able to give credit to the Reich. He was now creditor and debtor at the same time. The Reichsbank andReich’s Debt Administration were entirely subsumed into the Nazi war economy.This the summary of the history of German State debt and the most important lots of the loan certificates offeredfor sale in this auction. In our offer, you will find many additional and no less interesting loans of the GermanReich and from several Länder, such as Bavaria, Mecklenburg, and Thuringia amongst others (Lots 252-258).


IMPORTANT INFORMATION

1. The BADV has guaranteed to Spink, that in this auction all Loans of the German Reich will be sold off. If by accidentthere are still additional certificates in the archives of the BADV, they will never be sold to the public.

2. [Located in Berlin] Some lots consist of a very high number of individual certificates. In the auction room however therewill only be a limited number (normally around 200 items). All other certificates remain on the premises of the BADVin Berlin. The buyer of the lot, after payment, can pick them up within three months and by appointment at theBundesamt für zentrale Dienste und offene Vermögensfragen, Dienstsitz Berlin, DGZ-Ring 12. 13086 Berlin or they canbe sent to the buyer (at cost) by Deutsche Post. Spink is happy to help with the organisation of the despatch. Please referto the auction team after the auction.

3. All certificates are cancelled and carry no intrinsic value. In general, no certificates with Nazi-Symbols are offered in thisauction. If there are any of these symbols such as on the official stamps, then they are normally punch-holed by theBADV.

4. The counting of the number of the items in this catalogue has been done with all possible care. However due to thehigh amount of certificates, the number printed in this catalogues are considered to be approximate. Spink does not giveany guarantee as to the precise number of items in the auction and does not bear any liability for any mistakes and errorsin the counting. [???] Some lots with a very high number of certificates could not be confirmed by the time of theprinting of this catalogue. We will publish this number on the our website www.spink.com

5. According to the wish of the seller and contrary to Article 2 of the “Terms and Conditions for Buyers” this sale isundertaken by Spink as principal. The contract is between Spink and the buyer. Otherwise “Terms and Conditions forBuyers” will apply as normal.

6. Due to age and origin the certificates offered may contain traces of mould (Aspergillus- and Penicillium species as well asActinomycete). There is usually no danger to health for people with a normal and healthy immune system. However,buyers with conditions such as Aids or weakened by medication, such as cancer patients, or persons suffering fromallergies relating to these micro-organisms, should follow the medical precautions, which are defined for this riskgroup.

All Lots in this section are not subject to return.


47

194Germania: Anleihe des Deutschen Reichs, a groupof 3 Schuldverschreibung, Berlin, comprising 1,000Mark, 20.6.1878, 200 Mark, 5.12.1889 and 500Mark, 29.4.1908, very fine. (3 different items)

£60-80

195Deutsche Schutzgebietsanleihe / GermanProtectorates Loan 1908, a group of 141 4%Schuldverschreibung, Berlin 25.6.1908, comprising100 Mark (49), 500 Mark (36), 1,000 Mark (55) and5,000 Mark (1), for German-East Africa, Cameroon,Togo and guaranteed by the German Reich, green andyellow with decorative border, generally extremely fine.(141 items)

£200-300

196Deutsche Schutzgebietsanleihe / GermanProtectorates Loan 1909, a group of 84 x 4%Schuldverschreibung, Berlin, comprising 100 Mark(33), 500 Mark (14), 1,000 Mark (36) and 5,000Mark (1), for German-East Africa, Cameroon, Togoand guaranteed by the German Reich, green andyellow with decorative border, generally extremely fine.(84 items)

£200-300


Lot 196

Lot 195Lot 194


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197Deutsche Schutzgebietsanleihe / GermanProtectorates Loan 1910, a group of 54 x 4%Schuldverschreibung, Berlin 19.5.1910, comprising100 Mark (8), 500 Mark (23), 1,000 Mark (21) and5,000 Mark (2), for German-East Africa, Cameroon,Togo & South-West Africa and guaranteed by theGerman Reich, green and yellow with decorativeborder, very fine to extremely fine. (54 items)

£200-300

198Deutsche Schutzgebietsanleihe / GermanProtectorates Loan 1911, a group of 155 4%Schuldverschreibung, Berlin 22.6.1911 comprising100 Mark (83), 500 Mark (10), 1,000 Mark (50),2,000 Mark (11) and 5,000 Mark (1), for German-East Africa, Cameroon, Togo & South-West Africaand guaranteed by the German Reich, green andyellow with decorative border, generally extremely fine.(155 items)

£200-300

199Deutsche Schutzgebietsanleihe / GermanProtectorates Loan 1913, a group of 155 x 4%Schuldverschreibung, Berlin 4.2.1914, comprising100 Mark (58), 500 Mark (37), 1,000 Mark (58) and5,000 Mark (2), issued for German-East Africa,Cameroon & South-West Africa and guaranteed bythe German Reich, green and yellow with decorativeborder, generally extremely fine. (155 items)

£200-300


Lot 198Lot 197

Lot 199


49

200Deutsche Schutzgebietsanleihe / GermanProtectorates Loan 1914, a group of 369 x 4%Schuldverschreibung 13.6.1914, Berlin comprising100 Mark (136), 500 Mark (107), 1,000 Mark (105),2,000 Mark (20) and 5,000 Mark (1), for German-East Africa, Cameroon & South-West Africa andguaranteed by the German Reich, green and yellowwith decorative border, generally extremely fine. (369items)

£300-400

201Königlich Preussische Schatzanweisung 1914, agroup of 10 pieces, Berlin 11.4.1914 comprising ErsteAusgabe: 2,000 Mark (2), 5,000 Mark (1), 10,000Mark (1) and Zweite Ausgabe: 1,000 Mark (4) and5,000 Mark (2), generally extremely fine. (10 items)

£250-350

202Germania 1914: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan I Sep, a group of 18 x 5%Schuldverschreibung, Berlin 18.9.1914 comprising100 Mark (14), 200 Mark (3) and 500 Mark (1),generally extremely fine. (18 items)

£150-200


Lot 202Lot 200

Lot 201


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203Germania 1914: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan I Oct, a group of 5 x 5%Schuldverschreibung, Berlin 15.10.1914 comprising100 Mark (1), 200 Mark (3) and 500 Mark (1),generally extremely fine. (5 items)

£130-180

204Germania 1915: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan II Feb, a group of 22 x5% Schuldverschreibung, Berlin 18.2.1915 comprising100 Mark (6), 200 Mark (12), 1,000 Mark (3) and2,000 Mark (1), generally extremely fine. (22 items)

£200-250

205Germania 1915: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan II Mar, a group of 7 x 5%Schuldverschreibung, Berlin 23.3.1915 comprising100 Mark (3) and 200 Mark (4), generally extremelyfine. (7 items)

£100-150


Lot 204Lot 203

Lot 205


51

206Germania 1915: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan II Apr, a group of 33 x5% Schuldverschreibung, Berlin 17.4.1915 comprising100 Mark (14), 200 Mark (18) and 1,000 Mark (1),generally extremely fine. (33 items)

£180-220

207Germania 1915: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan III, a group of 92 x 5%Schuldverschreibung, Berlin, 24.9.1915 comprising100 Mark (44), 200 Mark (28), 500 Mark (13), 1,000Mark (4), 2,000 Mark (1) and 5,000 Mark (2),generally extremely fine. (92 items)

£300-400

208Germania 1916: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan IV, a group of 74 x 5%Schuldverschreibung, Berlin 4.4.1916 comprising 200Mark (57), 1,000 Mark (1) and 2,000 Mark (16),generally extremely fine. (74 items)

£300-400


Lot 208Lot 206

Lot 207


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209Germania 1916: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan V, a group of 92 x 5%Schuldverschreibung, Berlin 31.10.1916 comprising100 Mark (42), 200 Mark (33), 500 Mark (1) and1,000 Mark (16), generally extremely fine. (92 items)

£300-400

210Germania 1917: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan VI, a group of 134 x 5%Schuldverschreibung, Berlin 15.3.1917 comprising100 Mark (98), 200 Mark (35) and 5,000 Mark (1),generally extremely fine. (134 items)

£200-300

211Germania 1917: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan VII, a group of 94 x 5%Schuldverschreibung, Berlin 1.11.1917 comprising100 Mark (76), 200 Mark (13), 500 Mark (2) and1,000 Mark (3), generally extremely fine. (94 items)

£200-300


Lot 210Lot 209

Lot 211


53

212Germania 1918: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan VIII, a group of 108 x 5%Schuldverschreibung, Berlin 26.3.1918 comprising100 Mark (79), 200 Mark (20), 500 Mark (1), 1,000Mark (3) and 2,000 Mark (5), generally extremely fine.(108 items)

£300-400

213Germania 1918: Anleihe des Deutschen Reichs -Kriegsanleihe / War Loan IX, a group of 16 x 5%Schuldverschreibung, Berlin 15.10.1918 comprising200 Mark (7), 500 Mark (1), 1,000 Mark (1) and2,000 Mark (7), generally extremely fine. (16 items)

£150-200

2145 Prozentige Schatzanweisung / Treasury Bill desDeutschen Reichs 1915, 100 Mark, Serie II, Berlin18.2.1915, extremely fine.

£80-120


Lot 212

Lot 213


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215Deutsche Sparprämien-Anleihe 1919, a group of 81000 Mark, Berlin 29.12.1919, generally extremelyfine. (8 items)

£60-100

216Preussische 5-zinsige Schatzanweisung / TreasuryBill 1922, a group of 17 x 500 Mark, Berlin2.1.1922, generally extremely fine. (17 items)

£60-80

217 No lot

218Anleihe des Deutschen Reichs 1922 -Zwangsanleihe 1. Ausgabe / Forced Loan 1. Issue,a complete set of 2416 x 41⁄2% Schuldverschreibung,Berlin 1.8.1922 comprising 100,000 RM (21),50,000 RM (134), 20,000 RM (1), 10,000 RM(912), 5,000 RM (356), 2,000 (211), 1,000 (781),generally extremely fine. (2416 items)

£150-250



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219Anleihe des Deutschen Reichs 1922 -Zwangsanleihe 2. Ausgabe / Forced Loan 2. Issue,a complete set of 1820 x 41⁄2% Schuldverschreibung,Berlin 1.12.1922, comprising 100,000 RM (543),50,000 RM (338), 20,000 RM (41), 10,000 RM(39), 5,000 RM (354), 2,000 RM (282), 1,000 RM(223), generally extremely fine. (1820 items)

£150-250

220Anleihe des Deutschen Reichs 1922 -Zwangsanleihe 3. Ausgabe / Forced Loan 3. Issue,a complete set of 1342 x 41⁄2% Schuldverschreibung,Berlin 20.12.1922 comprising 100,000 RM (331),50,000 RM (129), 20,000 RM (17), 10,000 RM(253), 5,000 RM (83), 2,000 RM (281), 1,000 RM(248), generally extremely fine. (1342 items)

£150-250



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221Unverzinsliche Schatzanweisung des DeutschenReichs / Treasury Bill 1922, 100,000 Mark, Berlin25.10.1922, extremely fine.

£40-60

222Unverzinsliche Schatzanweisung des DeutschenReichs / Treasury Bill 1922, 100,000 Mark, Berlin25.10.1922, extremely fine.

£40-60

223Unverzinsliche Schatzanweisung des DeutschenReichs 1922, 1,000,000 Mark, Berlin 25.10.1922,generally extremely fine. (10 items)

£80-120

224Unverzinsliche Schatzanweisung des DeutschenReichs / Treasury Bill 1923, a group of 3 x 10,000Mark, Berlin 26.1.1923, extremely fine. (3 items)

£60-80

225Unverzinsliche Schatzanweisung des DeutschenReichs / Treasury Bill 1923, a group of 14 x 10,000Mark, Berlin 26.2.1923, generally extremely fine. (14items)

£80-120

226Schatzanweisung des Deutschen Reichs / TreasuryBill 1923, 120 Dollar, Berlin 7.3.1923, very rare,extremely fine.

£60-100

227Unverzinsliche Schatzanweisung / Treasury Bill1923, a group of 9 x 100,000 Mark. Berlin26.03.1923, generally extremely fine. (9 items)

£60-80

2288-15 zinsige Schatzanweisung des DeutschenReichs K / Treasury Bill 1923, a group of 31 x100,000 Mark, f, Berlin 25.5.1923, generally extremelyfine. (31 items)

£60-100



57

229Unverzinsliche Schatzanweisung des DeutschenReichs / Treasury Bill 1923, a group of 9 x1,000,000 Mark, Berlin 1.6.1923, generally extremelyfine. (9 items)

£60-80

230Unverzinsliche Schatzanweisung des DeutschenReichs 1923, 1,000,000 Mark, Berlin 15.6.1923,extremely fine.

£40-60

231Unverzinsliche Schatzanweisung des DeutschenReichs / Treasury Bill 1923, a group of 28 x100,000,000 Mark, Berlin 19.6.1923, generallyextremely fine. (28 items)

£80-120

232Schatzanweisung des Deutschen Reichs / TreasuryBill 1923, a group of 16 x “42 Mark Gold = 10Dollar”, Berlin 25.8.1923, very rare, generallyextremely fine. (16 items)

£200-300

233Unverzinsliche Schatzanweisung des DeutschenReichs / Treasury Bill 1923, “105 Mark Gold = 25Dollar”, Berlin 25.8.1923, very rare, extremely fine.

£60-80

2348-15 zinsige Schatzanweisung des DeutschenReichs / Treasury Bill 1923, a group of 97 x500,000 Mark, d, Berlin 20.10.1923, generallyextremely fine. (97 items)

£120-150



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2356 zinsige Schatzanweisung des Deutschen Reichs /Treasury Bill 1923, a group of 3 x “42 Mark Gold =10 Dollar”, very rare, fair. (3 items)

£40-60

236Anleiheablösungsschuld des Deutschen Reichs &Auslosungsschein / Replacement Loan & DrawingCertificat 1925, a very large quantity ofAblösungsschein. Berlin 25.9.1925 [=Numbers 1-30,000] comprising 12.5 RM, 25 RM, 50 RM, 100RM, 200 RM, 500 RM, 1,000 RM,Auslosungsschein / Drawing certificate 1925, themajority are located in Berlin and the quantitiesavailable will be confirmed on our website, the loancertificate gave the right to participate in the drawingfor redemption, the drawing certificate is the secondpage of the loan, generally extremely fine. (quantity ofitems, please see www.spink.com)

£1,000-2,000

237Anleiheablösungsschuld des Deutschen Reichs &Auslosungsschein / Replacement Loan & DrawingCertificat 1926, a very large quantity ofAblösungsschein. Berlin 1.11.1926 [=Numbers30,001-60,000] comprising 12.5 RM (), 25 RM (),50 RM (), 100 RM (), 200 RM (), 500 RM (), 1’000RM (), Auslosungsschein, Drawing certificate1926, the majority are located in Berlin and thequantities available will be confirmed on ourwebsite, the loan certificate gave the right toparticipate in the drawing for redemption, the drawingcertificate is the second page of the loan, generallyextremely fine. (quantity of items, please seewww.spink.com)

£1,000-2,000


Lot 236

Lot 237


59

238Anleiheablösungsschuld des Deutschen Reichs &Auslosungsschein / Replacement Loan & DrawingCertificat 1927, a very large quantity ofAblösungsschein. Berlin 25.7.1927 [=Number60,001-90,000] comprising 12.5 RM (), 25 RM (),50 RM (), 100 RM (), 200 RM (), 500 RM (), 1’000RM (), Auslosungsschein / Drawing certificate1927, the majority are located in Berlin and thequantities available will be confirmed on ourwebsite, the loan certificate gave the right toparticipate in the drawing for redemption, the drawingcertificate is the second page of the loan, generallyextremely fine. (quantity of items, please seewww.spink.com)

£1,000-2,000

239Kreditanstalt Sächsischer Gemeinden 1931, agroup of 9 x Gutschein zur Aufwertungs-Schuldverschreibung, 10 RM, Dresden 1.4.1931,generally extremely fine. (9 items)

£50-70

240Anleihe des Deutschen Reichs / Nazi-Loan 1934,a group of 62 x 4% Schuldverschreibung, Berlin17.7.1937 comprising 100 RM (29), 200 RM (17),500 RM (11), 1,000 RM (4) and 10,000 RM (1),generally extremely fine. (62 items)

£200-300



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241Anleihe des Deutschen Reichs 1935 Erste Ausgabe/ Nazi-Loan 1935 First Issue, a group of 4158 x41⁄2% Schuldverschreibung, Berlin 3.6.1935comprising 100 RM (38), 1,000 RM (2000), 10,000RM (1700), 20,000 RM (158), 50,000 RM (120),100,000 RM (142), [the majority located inBerlin], generally extremely fine. (4158 items)

£400-500

242Anleihe des Deutschen Reichs 1935 ZweiteAusgabe / Nazi-Loan 1935 Second Issue, a groupof 3450 x 41⁄2% Schuldverschreibung, Berlin12.11.1935 comprising 100 RM (360), 1,000 RM(2400), 10,000 RM (123), 20,000 RM (343), 50,000RM (187), 100,000 RM (37), [the majority locatedin Berlin], generally extremely fine. (3450 items)

£350-450

243Anleihe des Deutschen Reichs 1937 / Nazi-Loan1937, a group of 7826 x 41⁄2% SchuldverschreibungBerlin 4.5.1937 comprising 100 RM (2200), 500 RM(2100), 1,000 RM (2300), 5,000 RM (600), 10,000RM (230), 20,000 RM (180), 50,000 RM (29),100,000 RM (187), [the majority located inBerlin], generally extremely fine. (7826 items)

£400-500


Lot 242Lot 241

Lot 243


61

244Schatzanweisung des Deutschen Reichs 1935 /Nazi-Treasury Bill 1935, a group of 16900 x 41⁄2%Schatzanweisung, Berlin 2.10.1935 comprising 100RM (4332), 500 RM (4201), 1,000 RM (7170),5,000 RM (691), 10,000 RM (300), 20,000 RM(206), [the majority located in Berlin], generallyextremely fine. (16900 items)

£400-600

245Schatzanweisung des Deutschen Reichs 1936 ErsteFolge / Nazi-Treasury Bill 1936 First Release, agroup of 1892 x 41⁄2% Schatzanweisung, Berlin25.4.1936 comprising 100 RM (200), 1,000 RM(1072), 10,000 RM (278), 20,000 RM (206), 50,000RM (83), 100,000 RM (53), [the majority located inBerlin], generally extremely fine. (1892 items)

£400-600

246Schatzanweisung des Deutschen Reichs 1936Zweite Folge / Nazi-Treasury Bill 1936 SecondRelease, a group of 43439 x 41⁄2% Schatzanweisung,Berlin 3.8.1936 comprising 100 RM (10308), 500RM (14908), 1,000 RM (13268), 5,000 RM (3015)10,000 RM (925), 20,000 RM (1015), [the majoritylocated in Berlin], generally extremely fine. (43439items)

£400-600


Lot 246Lot 244

Lot 245


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247Schatzanweisung des Deutschen Reichs 1936Dritte Folge / Nazi-Treasury Bill 1936 ThirdRelease, a group of 59898 x 41⁄2% Schatzanweisung,Berlin 30.12.1936 comprising 100 RM (19049), 500RM (5489), 1,000 RM (29641), 5,000 RM (3954),10,000 RM (867), 20,000 RM (898), [the majoritylocated in Berlin], generally extremely fine. (59898items)

£400-600

248Schatzanweisung des Deutschen Reichs 1937 ErsteFolge / Nazi-Treasury Bill 1937 First Release, agroup of 82900 x 41⁄2% Schatzanweisung, Berlin14.4.1937 comprising 100 RM (20369), 500 RM(26882), 1,000 RM (29848), 5,000 RM (3380),10,000 RM (1292), 20,000 RM (1129), [themajority located in Berlin], generally extremely fine.(82900 items)

£400-600

249Schatzanweisung des Deutschen Reichs 1937Zweite Folge / Nazi-Treasury Bill 1937 SecondRelease., 41⁄2% Schatzanweisung 500 RM, Berlin22.6.1937, one item only, extremely fine.

£40-60


Lot 247 Lot 248

Lot 249


63

250Schatzanweisung des Deutschen Reichs 1937Dritte Folge / Nazi-Treasury Bill 1937 ThirdRelease, a group of 7 x 41⁄2% Schatzanweisung 100RM, Berlin 8.10.1937, generally extremely fine. (7items)

£60-80

251Schatzanweisung des Deutschen Reichs 1938 /Nazi-Treasury Bill 1938, a group of 199 x 41⁄2%Schatzanweisung 100,000 RM, Berlin 1.6.1938comprising Folge VIII (73), Folge X (57), Folge XI(69), generally extremely fine. (199 items)

£150-200252Preussische Staatsanleihe 1937, a group of 290 x41⁄2% Schuldverschreibung, Berlin 18.2.1937comprising 100 RM (270), 500 RM (6), 1,000 RM(4), 5,000 RM (7), 10,000 RM (3), generallyextremely fine. (290 items)

£200-300

253Land Thüringen 1937, a large group of 486Schatzanweisung des Landes Thüringen, Weimar1.4.1937 comprising 5,000 RM (116), 10,000 RM(148), 50,000 RM (96), 100,000 RM (126), generallyextremely fine. (486 items)

£150-250


Lot 252


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254Land Sachsen 1937, a group of 200 x 41⁄2%Schuldverschreibung, 1,000 RM, Dresden 18.5.1937,generally extremely fine. (200 items)

£80-120

255Land Bayern 1941, the complete set of 2135 x 31⁄2%Anleihe, Schuldverschreibung, München 30.6.1941comprising 100 RM (567), 500 RM (433), 1,000 RM(854), 5,000 (200), 10,000 RM (64) and 50,000 RM(17), [the majority located in Berlin], generallyextremely fine. (2135 items)

£300-500

256Thüringische Staatsanleihe 1942, the complete setof 27450 x 31⁄2% Schuldverschreibung, Weimar12.12.1941 comprising 100 RM (11273), 500 RM(4950), 1,000 RM (10900) and 5,000 RM (327),[the majority located in Berlin], generally extremelyfine. (27450 items)

£200-400


Lot 254 Lot 255

Lot 256


65

257Bayerische Landeskulturrentenanstalt 1942, agroup of 58 x 4% MündelsichererLandeskulturrentenbrief, München 18.2.1942comprising 100 RM (37), 200 RM (1), 500 RM (8),1,000 RM (7), 2,000 RM (2), 5,000 RM (3),generally extremely fine. (58 items)

£150-250

258Mecklenburgische Anleihe 1942, a group of 6 x 4%Schuldverschreibung, Schwerin 1.4.1942 comprising2,000 RM (3), 500 RM (1), 100 RM (2), generallyextremely fine. (6 items)

£60-100


259Das Eisenbahnsondervermögen in den besetztenOstgebieten, Unverzinsliche Schatzanweisung 85,000,000RM, Berlin 27.4.1945, extremely fine and a unique piece!

£200-300

END OF BADV LOTS


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260I. G. Farbenindustrie Aktiengesellschaft, Frankfurtam Main, 200 Reichsmark share, December 1925,green (21); 100 Reichsmark share, September 1926,red and black (15); 1000 Reichsmark share, March1940, blue and black (17); all with ornate bordershowing company logos, generally good very fine toextremely fine. (53)

£150-200

A famous amalgamation of 9 businesses (some of theirlogos shown in the border) in the chemical industryincluding Friedrich Bayer & Co and BASF. It becameinfamous as one affiliated company (Degesch) produced“Zyklon B”, a cyanide-based pesticide being used by NaziGermany during the Holocaust to murder a millionpeople in gas chambers in extermination camps likeAuschwitz-Birkenau. The current main successorcompanies are Agfa(-Gevaert), BASF, Bayer andSanofi.

261Freie und Hansestadt Hamburg, 4.5% Loan of1919, bond for 10000 marks, February 1919, ornateborder, purple and black, generally very fine. (18)

£80-100

The Free and Hanseatic City of Hamburg is the secondlargest city in Germany and the eighth largest city in theEuropean Union.

262Westfälisches Pfandbriefamt für Hausgrundstücke,Münster, 6% mortgage gold bond for 1000Reichsmark (Goldmark), 1 February 1927, ornateborder, purple and black, coat of arms with horse inunderprint, generally extremely fine. (250)

£150-200

Mortgage bank, brought in the Landesbank fürWestfalen in 1943. In 1969 merger with RheinischeGirozentrale und Provinzialbank to form WestdeutscheLandesbank Girozentrale.

263Stadt Mannheim, 6% Gold Loan of 1927, bond for1000 Reichsmark, 16 February 1927, ornate border,blue, coat of arms with eagle in underprint, generallyvery fine. (30)

£80-100

Mannheim is (after Stuttgart and Karlsruhe) the third-largest city in the German state of Baden-Württemberg.It is located in the southwestern part of Germany, at theconfluence of the Rhine and the Neckar. Mannheim isunusual among German cities as its streets and avenuesare laid out in a grid pattern, leading to its nickname“city of the squares”.


The following 97 lots are all from previous auctions of the Reichsbank holdings, sold over the last few yearsin Germany and present a good opportunity to acquire many interesting pieces.

As usual all of the pieces have a single hole cancellation.


67

264Ruhrchemie Aktiengesellschaft, Oberhausen-Holten, 4% bond for 1000 Reichsmark, May 1942,ornate border, brown and black, generally extremelyfine. (100)

£100-120

Located in the Ruhr district, the company producednitrogen from coal gas provided by the surrounding cokeworks. After WW2 belonging to Hoechst, today Celanese.

265Mitteldeutsche Stahlwerke Aktiengesellschaft,Riesa, 4% bond for 500 Reichsmark, December 1941,ornate border, brown, generally extremely fine. (60)

£60-80

Founded by Freifrau von Löwendal in 1725 producingsteel and iron.

266Braunschweig-Hannoversche Hypothekenbank,Braunschweig/Hannover, 4% and 4.5% bonds withdifferent face values (100, 200, 500, 1000, 2000,3000 and 5000 Reichsmark) and dates of issue, someduplications, 1936-41, ornate border, coat of armswith horse in underprint, two vignettes with view ofbank building, generally extremely fine. (44)

£60-80

Mortgage bank, merging with Berliner Hypotheken-und Pfandbriefbank AG to Berlin Hyp in 1996.

267Thüringische Landes-Hypothekenbank, Weimar,4% and 4.5% bonds with different face values (100,200, 500, 1000 and 2000 Reichsmark) and dates ofissue, no duplication, 1939-42, ornate border, twovignettes with view of bank building, generallyextremely fine. (13)

£40-60

The Thuringian mortgage bank was founded in 1923.In 1948 the head office moved to West Germany (Hagenin Westfalen) for dissolution. However it was finallydissolved only in 1982.

268Bremer Strassenbahn, Bremen, 1000 marks share, 8July 1899, light blue, green and black, very decorativedesign with ornate border, three winged wheels andstars in underprint, generally affected by soiling,otherwise mostly extremely fine. (62)

£200-300

Founded in 1876 as a horse tramway, the companyelectrified its lines in 1892/93. BSAG still exists today,anyway it keeps Bremen moving every day with moderntrams and buses now.



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269Ravensberger Spinnerei, Bielefeld, 1200 marksshare, 4 May 1923, beige and black, very decorativedesign with large vignette of company building andornate border consisting of coat of arms with two lionsand two climbing plants, generally fine to very fine.(32)

£400-500

The company was founded in 1854 and operated aspinning mill in Bielefeld and Wolfenbüttel. In the 19thcentury it was temporarily Europe’s largest flax mill,and it was the foundation of the industrialisation ofBielefeld and the surrounding area of East Westphalia.In 1974 production was discontinued and today thecompany buildings host the Bielefeld adult educationcenter (Volkshochschule) and a museum.

270Landesbank und Girozentrale Danzig-Westpreußen, Danzig, 4% bond (2nd issue) for 100Reichsmark, 25 January 1941, red (157); ditto 200Reichsmark, purple (171); ditto 500 Reichsmark,green (184); ditto 1000 Reichsmark, brown (137);ditto 5000 Reichsmark, blue (23); 4% bond (3rd issue)for 100 Reichsmark, 25 January 1941, red (127); ditto200 Reichsmark, purple (129); ditto 500 Reichsmark,green (153); ditto 1000 Reichsmark, brown (144); allwith ornate border and decorative vignette of themedieval port crane (Krantor), generally extremely fine.(1225)

£1,200-1,500

Mortage bank, once founded as DanzigerHypothekenbank AG. Later renamed as part of thepolitical affiliation to the German Reich (the Free Cityof Danzig was occupied in 1939).

271Landesbank und Girozentrale Danzig-Westpreußen, Danzig, 4% bond (3rd issue) for 100Reichsmark, 25 January 1941, red (197); ditto 200Reichsmark, purple (196); ditto 500 Reichsmark,green (177); ditto 1000 Reichsmark, brown (251);ditto 5000 Reichsmark, blue (18); all with ornateborder and decorative vignette of the Main Town Hall(Rechtstädtisches Rathaus) in underprint, generallyextremely fine. (839)

£800-1,000



Lot 270


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272Landesbank und Girozentrale Danzig-Westpreußen, Danzig, 4.5% bonds (1st issue) for 100(red), 200 (purple), 500 (green), 1000 brown and5000 Reichsmark (blue); ditto 4% bonds (2nd issue)and 4% bonds (3rd issue); all 25 January 1941, withornate border and decorative vignette of the medievalport crane (Krantor); 4% bonds (3rd issue) for 100(red), 200 (purple), 500 (green), 1000 brown and5000 Reichsmark (blue), all 25 January 1941, withornate border and decorative vignette of the MainTown Hall (Rechtstädtisches Rathaus) in underprint;generally extremely fine. (20)

£200-300


273Zuckerfabrik Glauzig, Glauzig, 100 Reichsmarkshare, February 1929, red and black, ornate border,generally extremely fine. (49)

£150-200

In 1874 the company was founded by taking over the1847 erected sugar factory and refinery in Glauzig, avillage and a former municipality in the district ofAnhalt-Bitterfeld in Saxony-Anhalt, Germany. In 1946the production facilities were part of the reparations tothe Soviet Union.

274“Aurag” Ausrüstungs-Aktiengesellschaft fürbaumwollene Gewebe, Stettin, 10000 marks share,7 June 1923, light brown and black, ornate border,generally extremely fine. (109)

£250-300

The textile company was founded in 1923. At this timeStettin was part of Germany and its largest Baltic port,a situation which greatly helped to speed developmentand attract public investment.

275Pommersche Bank Aktiengesellschaft, Stettin, 100Reichsmark share, April 1933, light blue, light brownand black, ornate border, generally extremely fine.(383)

£800-1,000

The bank was founded in 1923 to serve as the basis foragriculture and trade. At this time Stettin was part ofGermany and its largest Baltic port, a situation whichgreatly helped to speed development and attract publicinvestment.



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276Schultheiss-Patzenhofer Brauerei-Aktiengesellschaft, Berlin, 1000 Reichsmark share,August 1932, purple, green and black, ornate border,generally extremely fine. (346)

£800-1,000

By acquiring Ad. Roesickeschen Lagerbier-Brauerei(existing since 1843) the Schultheiss’ Brauerei AG wasfounded in 1871. Due to a later merger with thePatzenhofer Brauerei AG the combined nameSchultheiss-Patzenhofer Brauerei-AG has been existingsince 1920. The brewery produced - of course - beer andestablished several brands like Schultheiss Hell,Schultheiss Dunkel, Schultheiss Deutsches Pilsner,Schultheiss Urbock, Schultheiss Weißer Bock, SchultheissMalzbier (low-alcohol, for convalescent people or thosewith anemia). In 1943 the company was involved inseveral companies like Breslauer Actien-Malzfabrik,Eberswalder Brauerei AG and Haase-Brauerei GmbH(Breslau). Within the years several other breweries havebeen acquired: Berliner Brauereigesellschaft Tivoli,Brauerei Borussia von Otto Hewald inNiederschöneweide, Brauerei Pfeifferhof Carl Scholtz inBreslau, Berliner Unions-Brauerei in Berlin,Spandauer Berg-Brauerei AG Westend, BrauereiPfefferberg vormals Schneider & Hillig AG in Berlin.In 1972 the company merged with Dortmunder Unioncontinuing as Dortmunder Union Schultheiss BrauereiAG in Dortmund. Since 1988 it is known as Brau undBrunnen AG, which is part of the Radeberger-Gruppesince 2004.

277Berliner Likörfabrik, Berlin, 20 Reichsmark share,19 September 1924, grey and black, ornate border,mainly affected by soiling, otherwise mostly extremelyfine. (24)

£60-80

The company was founded in 1922 and producedliqueurs and fruit juices.

278Siemens & Halske Aktiengesellschaft, Berlin-Siemensstadt, 700 Reichsmark preference share, June1939, blue and black, ornate border, generally goodvery fine to extremely fine. (26)

£400-500

In 1847 Ernst Werner von Siemens and Johann GeorgHalske founded their company “Telegraphen-Bauanstalt von Siemens & Halske”. It specialised inmanufacturing electrical telegraphs according toCharles Wheatstone’s patent of 1837. In 1848, thecompany constructed one of the first European telegraphlines from Berlin to Frankfurt am Main. Siemens &Halske quickly expanded and its rise was supported byWerner von Siemens’ patent of the electrical generator(dynamo) in 1867. Finally it became part of the world-famous Siemens AG.



71

279Königsberg-Cranzer Eisenbahn-Gesellschaft,Königsber i. Pr., 500 marks share, 20 May 1885,blue, beige and black (48); 1000 marks share, 1 March1900, purple, cyan and black (29); 1000 marks share,30 November 1920, purple, cyan and black (7); allwith ornate border, steam locomotive in underprint,generally very fine. (84)

£800-1,000

The company operated railway lines from Königsberg(today: Kaliningrad) to Cranz (today: Zelenogradsk)and from Cranz to Cranzbeek and Neukuhren (today:Pionersky). After World War 2 a part of the main line(Kaliningrad - Svetlogorsk) was electrified and is still inuse.

280Dessauer Waggonfabrik Aktiengesellschaft,Dessau, 1000 marks share, 21 May 1921, brown,beige and black, ornate border in Art Nouveau style,embossed seal with old railroad car, generally extremelyfine. (387)

£800-1,000

The company was founded in 1895 and manufacturedpassenger coaches and freight cars mainly for theReichsbahn. In 1948 it moved headquarters toDortmund, three years later it was converted into aprivate limited company.

281Aktiengesellschaft Breslauer Zoologischer Garten,Breslau, 100 Reichsmark share, July 1938, grey andblack, ornate border, panther head in underprint,embossed seal with another panther head, generallyextremely fine. (7)

£120-150

The Breslau zoo was opened in 1865. Due to the inflationit had to be closed for six years (1921 to 1927), in 1937it was refurbished and modernised. Today Wroclaw zoois one of the biggest in Poland.

282Leipziger Messamt Körperschaft des öffentlichenRechts, Leipzig, 4.5% bond for 100 Reichsmark,April 1937, purple and black, ornate border, embossedseal with sign of Leipzig Trade Fair, generally extremelyfine. (82)

£120-150

The Leipzig Trade Fair (German: Leipziger Messe) is amajor trade fair, which traces its roots back for nearly amillennium. After World War 2, Leipzig fell within theterritory of East Germany, whereupon the Leipzig TradeFair became one of the most important trade fairs ofComecon and was traditionally a meeting place forbusinessmen and politicians from both sides of the IronCurtain. Since 1996, the fair has taken place on theLeipzig fairgrounds, located about 7 kilometres north ofthe city centre.


Lot 280


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283Deutsche Zentraldruckerei Aktiengesellschaft, 100Reichsmark share, Lit. C, 10 April 1933, orange andlight brown (70); ditto 200 Reichsmark, blue and grey(70); 100 Reichsmark preference share, Lit. B, 10April 1933, blue and pink (83); 1000 Reichsmarkpreference share, Lit. A, 16 December 1937, purple(44); 100 Reichsmark preference share, Lit. B, 16December 1937, purple (97); all with ornate border,generally extremely fine. (364)

£800-1,000

The company was founded in 1894 as a printer and Itlater published about 70 newspapers and magazines.

284Köllmann Werke Aktiengesellschaft, 1000Reichsmark share, 20 March 1934, orange, blue andblack (70); 1000 Reichsmark share, 1 January 1941,orange, blue and black (69); 1000 Reichsmarkpreference share, 9 October 1941, blue and black(72); all with ornate border, embossed seal with gearwheel and a worker carrying KÖLL letters (mostprobably the company logo), generally extremely fine.(211)

£500-600

The company was a manufacturer of gears, gear wheelsand axles mainly for railcars. In 1949 it became a state-owned enterprise in the German Democratic Republic(“VEB Fahrzeuggetriebewerke Joliot Curie”). After theGerman reunification it was restructured as“Zahnradwerke Leipzig GmbH” (1991) and “NeueZahnradwerke Leipzig GmbH” (1999).

285Schlesische Dampfer-Compagnie - Berliner LloydAktien-Gesellschaft, Hamburg, 1000 Reichsmarkshare, July 1938, green and black, ornate border,generally extremely fine. (159)

£300-400

The shipping company operated with barge connectionson the Elbe, Saale and Oder rivers. There were dailyconnections from Hamburg and Stettin to Berlin.

286Erzgebirgischer Steinkohlen-Actien-Verein,Schedewitz, 1000 marks share, 1 June 1885, black,very decorative design with ornate border and fivevignettes with two conveyor cages, stones and twoantique caldrons, embossed seal with miner, generallyfine to very fine. (84)

£600-800

Founded in 1840, the company was located inSchedewitz, today a city district of Zwickau. This city iswell known as the city of automobiles due to car makerssuch as Horch, Audi, Auto Union, Trabant andVolkswagen. Zwickau has a 800 year long mining historyas it is situated in a valley at the foot of the Erzgebirgemountains. The company’s operations were theproduction of black coal, coke, benzene, tar, sand, graveland clay.



73

287Rheinisch-Westfälische Boden-Credit-Bank, Köln,1000 marks share, 1 January 1905, brown and black,very decorative design with ornate border, magnificentvignette of scenic view with woman and two coats ofarms in front of castle and forest in underprint,generally very fine, a few extremely fine. (20)

£300-400

In 1894 the mortgage credit bank was founded by manyother banks and industrialists. It served the wholeGerman Reich, especially the Rhine Province and theProvince of Westphalia. After merging with AllgemeineHypothekenbank AG in 2001 it was known asAllgemeine Hypothekenbank Rheinboden AG, later asCorealcredit Bank and today as Aareal BeteiligungenAG.

288Elektrische Kleinbahn im Mansfelder BergrevierAktiengesellschaft, Berlin, 1000 marks share, 8December 1898, blue, brown and black, ornateborder, generally good very fine to extremely fine. (77)

£500-600

The Mansfeld region, located half way between Erfurtand Magdeburg in the German federal state of Saxony-Anhalt, is well known for its mining activities. After itsfoundation in the year 1900 this company operated anelectrified light railway there (line from Eisleben toHettstedt). When rail activities were ceased in 1922, itfocused on becoming a major regional supplier ofelectricity and energy.

289Daimler-Benz Aktiengesellschaft, Stuttgart, 1000Reichsmark share, June 1942, purple and black, ornateborder, Mercedes-Benz logo in underprint, generallyextremely fine. (10)

£200-300

Daimler-Benz was a world-famous Germanmanufacturer of automobiles, motor vehicles andinternal combustion engines. The company was foundedin 1926 by merger of Benz & Cie. (founder: KarlFriedrich Benz) and Daimler Motoren Gesellschaft(founders: Gottlieb Daimler and Wilhelm Maybach). In1998, Daimler-Benz AG bought the Americanautomobile manufacturer Chrysler Corporation andformed DaimlerChrysler AG. Since 2007, after ChryslerGroup was sold to Cerberus Capital Management, thename reads simply Daimler AG.

290Deutsch-Rumänische Petroleum-Aktiengesellschaft, Berlin, 20 Reichsmark share, 25November 1924, brown and green, ornate border,upper margin generally uneven due to removal ofcoupons, generally extremely fine. (150)

£300-400

The company was founded in 1922 for import andwholesale trade of petroleum products from Romania.After several mergers and acquisitions it now belongs to‘Total’.



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291Haffuferbahn-Actien-Gesellschaft, Elbing, 1000marks preference share, 1 April 1899, purple, lightblue and black, ornate border, generally extremely fine.(74)

£500-600

Founded in 1896, the company operated a light railwayfrom Elbing (today: Elblag, Poland) to Braunsberg(today: Braniewo). The company’s name refers to thetrack running on the waterfront of the Vistula Lagoon(German: Frisches Haff, Polish: Zalew Wislany), abrackish water lagoon on the Baltic Sea between Elblagand Kaliningrad. The line is more or less still existing,but over the years has been frequently closed and openedagain.

292Nordhäuser Tabakfabriken Aktiengesellschaft,Nordhausen, 1000 marks share, December 1921,green, brown, red and black, ornate border, generallyvery fine to extremely fine. (44)

£250-300

In 1919 the company was founded by merger of severaltobacco companies and cigarette manufacturers aroundNordhausen, a city in the North of Thuringia,Germany. In 1946 it became a state-owned enterprise inthe German Democratic Republic (“VEB Tabak”), afterthe German reunification (1990) it was taken over byReemtsma. In 2002 operations were shut down and theshell company was taken over by CameraWork AG. Thiscompany builds high valued photographic collections andis active with trading and exhibitions. It further runsTHE KENNEDYS, the world second largest museumabout the Kennedy family in Berlin.

293Stettin-Rigaer Dampfschiffs-Gesellschaft Th.Gribel Kommandit-Gesellschaft auf Aktien,Stettin, 1500 Reichsmark share, 1 February 1922, 4pages, brown and black, ornate border, generally goodvery fine to extremely fine. (44)

£300-400

The company was active in the shipping business and ranseveral lines from Stettin to Riga, Reval (Tallinn) andHelsingfors (Helsinki). In 1951 headquarters moved toLübeck and the company went private.


Lot 293


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294Braunschweigische Kohlen-Bergwerke, Helmstedt,1200 marks share, 7 May 1920, brown and orange,ornate border, generally good very fine to extremely fine.(213)

£250-300

In 1873 the company was founded in Berlin, butheadquarters later moved to Helmstedt, a town on theeastern edge of the German state of Lower Saxony, about36 kilometres east of Braunschweig and 90 kilometreseast of the state capital Hannover. As the region aroundBraunschweig has large coal reserves the company is stillactive in surface mining. Today it belongs toPreussenElektra, which merged with Bayernwerk AG tobecome E.ON Energie, a subsidiary company ofGermanys largest energy company E.ON.

295Kaoko-Land- und Minen-Gesellschaft (Kaoko-Land- and Mining-Company), Berlin, preferredshare warrant to bearer dated 12 September 1925, for10 Reichsmark, brown (35), 50 Reichsmark, green(46) and 100 Reichsmark, blue (46), all with ornateborder, text in German and English, generallyextremely fine. (127)

£400-500

The company was founded in 1895. Prior to 1914 itowned about 100,000 square kilometres of land inGerman South-West Africa, especially in the Kaokoregion which contained significant ore deposits,including gold, copper and zinc.

296Afrika-Marmor-Kolonialgesellschaft Hamburg,Hamburg, 20 Reichsmark share warrant to bearer,Lit. B, July 1929, brown, blue and black, ornateborder, generally extremely fine. (69)

£350-400

297Stettiner Oderwerke Aktiengesellschaft für Schiff-und Maschinenbau, Stettin, 100 Reichsmark share,12 February 1936, purple and green (28); 1000Reichsmark share, 12 February 1936, purple andorange (45); 1000 Reichsmark share, 29 June 1937,purple and orange (457); all with ornate border,generally extremely fine. (530)

£700-900

The company was founded in 1903 by taking over theOderwerke Maschinenfabrik und Schiffsbauwerft AG. Itbuilt seagoing ships, river boats and special ships. After1945 the remaining production facilities weredisassembled.



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298Hamburg-Amerikanische Packetfahrt-Actien-Gesellschaft, Hamburg, 1000 Reichsmark share,September 1933, brown and black, ornate border,HAPAG logo at left, generally extremely fine. (16)

£150-200

HAPAG, often referred to in English as HamburgAmerica Line, was a transatlantic shipping enterpriseestablished in Hamburg, Germany, in 1847. Among thefounders were prominent citizens such as Albert Ballin(Director General), Adolph Godeffroy, FerdinandLaeisz, Carl Woermann, August Bolten and others.HAPAG soon developed into the largest German, and attimes the world’s largest, shipping company, serving themarket created by the German immigration to theUnited States and later immigration from EasternEurope. In 1970, the company merged with longtimerival Norddeutscher Lloyd (North German Lloyd) ofBremen to establish the current-day Hapag-Lloydcompany.

299Rhein-Main-Donau Aktiengesellschaft, München,4% bond for 500 Reichsmark, September 1940, slateblue and black (246); ditto 1000 Reichsmark, orange,grey and black (346); all with ornate border, companylogo (horse and ship) in underprint and embossed seal,generally extremely fine. (592)

£500-600

The Rhine-Main-Danube Canal (German: Rhein-Main-Donau-Kanal) in Bavaria, Germany, connectsthe Main and the Danube rivers across the EuropeanWatershed. The canal with a length of 171 kilometres isrunning from Bamberg via Nuremberg to Kelheim andconnects the North Sea and Atlantic Ocean to the BlackSea. Plans for the canal had existed since the 8th centurybut in its present form it was only completed in 1992.The Rhein-Main-Donau AG was founded in 1921 andis responsible for the development of the whole waterwayas well as flood prevention. The company also owns a fewhydropower plants.

300Stettiner Oelwerke Aktiengesellschaft, Züllchowbei Stettin, 1000 Reichsmark share, April 1936, blue,ornate border, generally extremely fine. (153)

£300-400

In 1910 the company was founded by taking overStettiner Walzmühle AG. It ran an oil mill to extractoil and animal feed from soya and similar seeds.

301Mixed lot comprising 10 examples each of these 10companies; Maschinenfabrik Esslingen 1919; Gechter& Kühne AG Heidenau 1921; Moritz Krause AGChemnitz 1921; Rheinische Spiegelglasfabrik Eckampbei Ratingen 1922; Hüttenwerke C. Wilh. Kayser &Co. AG Berlin 1919; Phönix AG fürBraunkohlenverwertung Berlin 1909; WestfaliaDinnendahl Gröppel AG Bochum 1000 RM 1939 and1941; König & Böschke AG Herford 100 RM and1000 RM 1930; generally good very fine to extremelyfine. (100)

£350-400

302Mixed lot comprising 10 examples each of these 10companies; Maschinenfabrik Esslingen 1919; Gechter& Kühne AG Heidenau 1921; Moritz Krause AGChemnitz 1921; Rheinische Spiegelglasfabrik Eckampbei Ratingen 1922; Hüttenwerke C. Wilh. Kayser &Co. AG Berlin 1919; Phönix AG fürBraunkohlenverwertung Berlin 1909; WestfaliaDinnendahl Gröppel AG Bochum 1000 RM 1939 and1941; König & Böschke AG Herford 100 RM and1000 RM 1930; generally good very fine to extremelyfine. (100)

£350-400



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303Mixed lot of Carpet manufacturers;10 exampleseach of these 3 certificates; Koch & te KockAktiengesellschaft, Oelsnitz im Vogtland, 1000Reichsmark share, 14 March 1939, blue and brown,very decorative design with ornate border, coat ofarms and company logo with red field and white starand crescent; ditto 1000 RM participation certificate,blue and orange; Persische Teppich-GesellschaftAktiengesellschaft, Berlin, 100 Reichsmark share, 8May 1926, light brown and cyan, ornate border;generally good very fine to extremely fine. (30)

£300-400

Koch & te Kock was a carpet manufacturing andtrading business rich on tradition. In 1913 it has beenEurope’s largest carpet factory, anyway it kept this statusfor Central and Eastern Europe until 1989. Today itbelongs to Allied Textiles. As the name indicatesPersische Teppich-Gesellschaft was a trading company forPersian carpets. It was founded in 1911 and hadsubsidiaries in Tabriz, Persia.

304Hoesch Aktiengesellschaft, Dortmund, 100Reichsmark share, January 1943, brown, orange andblack (30); ditto 1000 Reichsmark, blue (23); all withornate border, company logo in underprint andembossed seal, generally extremely fine. (53)

£120-150

Hoesch AG was an important steel and mining companywith locations in the Ruhr area and Siegen, and wasformerly the largest employer in Dortmund. It mergedwith the Dutch Hoogovens steel company to form Estel in1972.

305Deutsche Gold- und Silber-Scheideanstalt vormalsRoessler, Frankfurt am Main, 100 Reichsmarkshare, 5 November 1928, brown, yellow and black (9);ditto 1000 Reichsmark, brown, orange, blue and black(5); 1000 Reichsmark share, 5 May 1942, brown,orange, blue and black (10); all with ornate border,company logo in underprint and embossed seal,generally extremely fine. (24)

£150-200

Degussa is well known for its high quality gold bars. Thecompanies’ history dates back to 1843, when FriedrichErnst Roessler leased a newly built precious metalsrefinery from the Senate of the Free City of Frankfurt. In1872, the Roessler family began negotiating with themetal trading firm of Philipp Abraham Cohen (whichwould later become Metallgesellschaft KG) and Bankfür Handel und Industrie (later merged into DresdnerBank) to incorporate the gold and silver refinery into apublic limited company. Therefore Deutsche Gold-undSilber-Scheideanstalt vormals Roessler was established in1873.

306Mixed lot of 10 examples each of these 10 shares;AG für Verkehrswesen Berlin 1906; Portland-Cementfabrik “Germania” Hannover 1928;Rabbethge & Giesecke Kleinwanzleben 1000 RM1938; Verein Chemischer Fabriken Zeitz 1925;Norddeutsche Eiswerke Berlin 500 RM 1933; MIAGMühlenbau und Industrie Braunschweig 100 RM1932; Wegelin & Hübner Maschinenfabrik undEisengießerei Halle (Saale) 1936; Gebr. Böhler & Co.Wien 100 RM and 1000 RM 1939 and 1000 RM1942; generally good very fine to extremely fine. (100)

£350-400

307Mixed lot of 10 examples each of these 10 shares:Steingutwerke Breslau 1922; OldenburgerVersicherungs-Gesellschaft Oldenburg i. O. 1927;Dresdner Handelsbank Dresden 1941; Portland-Zementwerke Dyckerhoff-Wicking Mainz-Amöneburg 1935; Spiegelglas Union Fürth i. Bay.1942; Elektricitätswerk Brandenburg (Havel) 1912;Raßbach & Kralle Magdeburg 1925; HamburgischeElectricitäts-Werke Hamburg 100 RM and 1000 RM1931 and 1000 RM 1942; generally good very fine toextremely fine. (100)

£350-400

308Mixed lot of 10 examples each of these 10 shares:Deutsche Dynamo-Werke Rottluff bei Chemnitz1922; Eilenburger Kattun-Manufaktur Eilenburg 100RM 1925; H. Maihak Hamburg 1941; Grün &Bilfinger Mannheim 100 RM and 1000 RM 1928,100 RM and 1000 RM 1941; HildebrandscheMühlenwerke Böllberg bei Halle a. S. 1929; Lingner-Werke Dresden 1928; Bremer Woll-KämmereiBremen-Blumenthal 100 RM 1942; generally goodvery fine to extremely fine. (100)

£350-400

309Mixed lot of 10 examples each of these 10 shares:Rheinmetall-Borsig Berlin 1941; RhenserMineralbrunnen Fritz Meyer & Co. Rhens a. Rhein1928; Chemische Fabrik in Billwärder, vorm. Hell &Sthamer Hamburg 1927; VereinigteKammgarnspinnereien Harthau, Bez. Chemnitz 1927;Jul. Bernhardt & Co. Thum (Erzgeb.) 1923;Ostbayerische Stromversorgung Landshut (Isar)1938; Porzellanfabrik Kahla 100 RM and 1000 RM1935 and 1000 RM 1941; Perlmooser ZementwerkeWien 200 RM 1940; generally good very fine toextremely fine. (100)

£350-400



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310Mixed lot of 10 examples each of these 10 shares:Phänomen-Werke Gustav Hiller Zittau 100 RM 1929;Böhme Delitzsch 1941; Fr. Feistkorn Gera 1925;Schimmel & Co. Miltitz bei Leipzig 1927;Magdeburger Mühlenwerke Magdeburg 1928; Bankder Arbeiter, Angestellten und Beamten Berlin 1929;AG für Glasfabrikation Bernsdorf 1930; Lech-Elektrizitätswerke Augsburg 1929; BaumwollspinnereiErlangen 1000 M 1922 and 5000 M May 1923;generally good very fine to extremely fine. (100)

£350-400

311Mixed lot of 10 examples each of these 10 shares:Zuckerraffinerie Halle 1928; Eisenacher Ziegelei-AGEisenach 1938; Reußische Elektrizitäts-GesellschaftGera (Reuß) 1923; E. A. Schwerdtfeger Berlin 100RM 1938; Wilh. Hering Chemnitz 1923; MoritzKrause Chemnitz 1921; Bayerische Elektricitäts-Lieferungs-Gesellschaft Bayreuth 100 RM 1927 and1000 RM 1929; Baumwollspinnerei Erlangen 1000 MAugust 1921 and 5000 M January 1923; generallygood very fine to extremely fine. (100)

£350-400

312Mixed lot of 10 examples each of these 10 shares:Rheinische Hypothekenbank Mannheim 1928;Badische Maschinenfabrik und Eisengießerei vormalsG. Sebold und Sebold & Neff Durlach 1932; Bank fürBrau-Industrie Berlin 1000 RM 1933; SächsischeGußstahl-Werke Döhlen Freital 1931; VereinigteLicht- und Kraftwerke Osterode am Harz 1924;Heinrich Dietel Wilkau i. Sa. 1928; FreibergerDüngerabfuhr-Gesellschaft Freiberg i. Sa. 1928; BastNürnberg 1942; Baumwollspinnerei Erlangen 1000M January 1923; E. A. Schwerdtfeger Berlin 1921;generally good very fine to extremely fine. (100)

£350-400

313Mixed lot of 10 examples each of these 10 shares:Badische Maschinenfabrik und Eisengießerei vormalsG. Sebold und Sebold & Neff Durlach 1921;Württembergisches Portland-Cement-Werk Lauffenam Neckar 1941; Neolitwerk Dessau Micheln 1939;Natronzellstoff- und Papierfabriken Berlin 1000 RM1942; Norddeutsche Kabelwerke Berlin-Neukölln 100RM 1928; Eduard Lingel Schuhfabrik Erfurt 100 RM1933; Gebrüder Roeder Darmstadt 1928;Hamburgische Electricitäts-Werke Hamburg 100 RMand 1000 RM 1931 and 1000 RM 1942; generallygood very fine to extremely fine. (100)

£350-400

314Mixed lot of 10 examples each of these 10 shares:Neu-Westend AG für GrundstücksverwertungCharlottenburg 1923; Bau- und Finanz-AG desSchlesischen Handwerks Breslau 200 RM 1939;Wienand Dental Berlin 1929; Traugott Golde Gera1927; Kammgarn-Spinnerei Düsseldorf 1925; C. H.F. Müller Hamburg 1938; Neckarwerke Esslingen a.N. 1928; Metallwarenfabrik Wissner Zella-Mehlis 100RM and 1000 RM 1943; Wollgarnfabrik Tittel &Krüger und Sternwoll-Spinnerei Bremen 100 RM1934; generally good very fine to extremely fine. (100)

£350-400

315Mixed lot of 10 examples each of these 10 shares:Oberlausitzer Zuckerfabrik Löbau 1926; MeßhausUnion Leipzig 100 RM 1932; Zwitterstocks-AGAltenberg i. Erzgeb. 1939; Peipers & Cie. Siegen i. W.1942; Vogtländische Tüllfabrik Plauen i. V. 1920;MIAG Mühlenbau und Industrie Braunschweig 1000RM 1932; J. A. John Erfurt 1000 RM 1927; WestfaliaDinnendahl Gröppel AG Bochum 1000 RM 1939 and1941; Baumwollspinnerei Erlangen 5000 M May1923; generally good very fine to extremely fine. (100)

£350-400



79

316Mixed lot of 10 examples each of these 10 shares;Gladbacher Wollindustrie vormals L. Josten M.Gladbach 100 RM 1930; Julius Berger Tiefbau-AGBerlin 100 RM 1926 and 1000 RM 1942; AG fürGardinenfabrikation vorm. T. I. Birkin & Co. Oelsnitzi. V. 1931; Leipziger Immobiliengesellschaft - Bankfür Grundbesitz Leipzig 1927; Deutsche Ton- undSteinzeug-Werke Krauschwitz (Oberlausitz) 1941;Handelsbank Berlin 1 March 1923; HamburgischeElectricitäts-Werke Hamburg 100 RM and 1000 RM1931 and 1000 RM 1942; generally good very fine toextremely fine. (100)

£350-400

317Mixed lot of 10 examples each of these 10 shares:Reichenbacher Bank Reichenbach i. Vogtl. 10000 M1923; Thüringer Mode- und AusstattungshausRichard Reibstein Erfurt 1936; DresdnerHandelsbank Dresden 1938; Metallwarenfabrik H. A.Erbe Schmalkalden 1928; Heilmann & Littmann Bau-AG München 1000 RM 1939; Wilke-WerkeBraunschweig 1941; Rohstoff-Verband Eisenach1923; Bebitz Mitteldeutsche FlanschenfabrikLebendorf (Saalkreis) 1938 and 1942;Baumwollspinnerei Erlangen 1000 M January 1921;generally good very fine to extremely fine. (100)

£350-400

318Mixed lot of 10 examples each of these 10 shares:Wohnungsbaugesellschaft Leipzig-West Leipzig 1928;Nähmaschinenfabrik Karlsruhe vormals Haid & NeuKarlsruhe 100 RM 1934; “HEAG” HannoverscheEisengiesserei und Maschinenfabrik Anderten beiHannover 1933; Elektricitätswerk Brandenburg(Havel) 1912; Gechter & Kühne AG Heidenau 1921;Baumwollindustrie Erlangen-Bamberg Erlangen1941; Gebr. Böhler & Co. Wien 100 RM and 1000RM 1939 and 1000 RM 1942; AmperwerkeElektricitäts-AG München 5 January 1923; generallygood very fine to extremely fine. (100)

£350-400

319Mixed lot of 10 examples each of these 10 shares:Landesbank Westsachsen Plauen i. V. 1927; VereinChemischer Fabriken Zeitz 1925; OberlausitzerZuckerfabrik Löbau 1926; Gebrüder RoederDarmstadt 1928; Maschinenfabrik Esslingen 1919;Jul. Bernhardt & Co. Thum (Erzgeb.) 1923;Elektricitäts-Lieferungs-Gesellschaft Berlin 200 RM1927 and 1000 RM 1928; Kammgarnspinnerei Stöhr& Co. Leipzig 1932; Baumwollspinnerei Erlangen1000 M 1922; generally good very fine to extremely fine.(100)

£350-400

320Mixed lot of 10 examples each of these 10 shares:Landcredit-Bank Sachsen-Anhalt Halle (Saale) 1938;Weißthaler Spinnerei und Weberei Mittweida 1928;Vereinigte Lausitzer Glaswerke Weißwasser O. L. 100RM and 1000 RM 1936; Fr. Chr. FikentscherKeramische Werke Zwickau i. S. 1932; Schimmel &Co. Miltitz bei Leipzig 1927; Zwitterstocks-AGAltenberg i. Erzgeb. 1939; AG fürCartonnagenindustrie Dresden 100 RM 1938;Amperwerke Elektricitäts-AG München 5 January1923; E. A. Schwerdtfeger Berlin 1921; generally goodvery fine to extremely fine. (100)

£350-400

321Mixed lot of 10 examples each of these 10 shares:Sohler-Werke Leopoldshall (Anhalt) 1926; H. MaihakHamburg 1941; Portland-Zementwerke Dyckerhoff-Wicking Mainz-Amöneburg 1935; Meßhaus UnionLeipzig 100 RM 1937; C. G. Hoffmann Neugersdorfi. Sa. 1922; Vereinigte Licht- und KraftwerkeOsterode am Harz 1924; Thüringer GasgesellschaftLeipzig 1000 RM 1924 and 1941; BaumwollspinnereiErlangen 1000 M January 1921 and August 1921;generally good very fine to extremely fine. (100)

£350-400

322Mixed lot of 10 examples each of these 10 shares;Rhenser Mineralbrunnen Fritz Meyer & Co. Rhens a.Rhein 1928; Heinrich Dietel Wilkau i. Sa. 1928;Überlandzentrale Grenzmark Flatow i. Westpr. 100RM 1928 and 1931; Thüringer Elektricitäts-Lieferungs-Gesellschaft Gotha 100 RM 1929; Wilke-Werke Braunschweig 1941; Spiegelglas Union Fürth i.Bay. 1942; Gechter & Kühne AG Heidenau 1921;Baumwollspinnerei Erlangen 5000 M January 1923;Handelsbank Berlin 1 March 1923; generally good veryfine to extremely fine. (100)

£350-400

323Mixed lot of 10 examples each of these 10 shares:Neu-Westend AG für GrundstücksverwertungCharlottenburg 1923; Reichenbacher BankReichenbach i. Vogtl. 10000 M 1923; Peipers & Cie.Siegen i. W. 1942; Fr. Feistkorn Gera 1925; ReußischeElektrizitäts-Gesellschaft Gera (Reuß) 1923;Kammgarnspinnerei Stöhr & Co. Leipzig 1932;Baumwollspinnerei Erlangen 1000 M January 1923;Gebr. Böhler & Co. Wien 100 RM and 1000 RM1939 and 1000 RM 1942; generally good very fine toextremely fine. (100)

£350-400



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324Mixed lot of 10 examples each of these 10 shares:Steingutwerke Breslau 1922; VereinigteKammgarnspinnereien Harthau, Bez. Chemnitz 1927;Wienand Dental Berlin 1929; Kraftwerk ThüringenGispersleben 100 RM and 1000 RM 1929 and 1000RM 1941; Heilmann & Littmann Bau-AG München1000 RM 1939; Oberlausitzer Zuckerfabrik Löbau1926; E. A. Schwerdtfeger Berlin 100 RM 1938;Baumwollspinnerei Erlangen 1000 M January 1921;generally good very fine to extremely fine. (100)

£350-400

325Mixed lot of 10 examples each of these 10 shares:Portland-Cementfabrik “Germania” Hannover 1928;Hirsch, Janke & Co. Weißwasser O.-L. 1925;Lingner-Werke Dresden 1928; Elektrische Licht- undKraftanlagen Berlin-Charlottenburg 100 RM and1000 RM 1943; J. D. Riedel - E. de Haën Berlin 100RM 1928; Eduard Lingel Schuhfabrik Erfurt 1000RM 1941; Wilh. Hering Chemnitz 1923; BastNürnberg 1942; Zwitterstocks-AG Altenberg i.Erzgeb. 1939; generally good very fine to extremely fine.(100)

£350-400

326Mixed lot of 10 examples each of these 10 shares:Eduard Lingel Schuhfabrik Erfurt 500 RM 1933;Sohler-Werke Leopoldshall (Anhalt) 1926; “HEAG”Hannoversche Eisengiesserei und MaschinenfabrikAnderten bei Hannover 1933; C. H. F. MüllerHamburg 1938; Voigt & Haeffner Frankfurt am Main1935; Hein, Lehmann & Co. Eisenkonstruktion,Brücken und Signalbau Düsseldorf 100 RM and 1000RM 1940 and 1000 RM 1942; Rohstoff-VerbandEisenach 1923; Wilh. Hering Chemnitz 1923;generally good very fine to extremely fine. (100)

£350-400

327Mixed lot of 10 examples each of these 10 shares:Rabbethge & Giesecke Kleinwanzleben 1000 RM1938; Mansfeld AG für Bergbau und HüttenbetriebEisleben 1000 RM 1937; Magdeburger MühlenwerkeMagdeburg 1928; Leipziger Immobiliengesellschaft -Bank für Grundbesitz Leipzig 1927; J. D. Riedel - E.de Haën Berlin 100 RM 1928; Hein, Lehmann & Co.Eisenkonstruktion, Brücken und Signalbau Düsseldorf100 RM and 1000 RM 1940 and 1000 RM 1942;Phrix-Werke Hamburg 1941; PerlmooserZementwerke Wien 200 RM 1940; generally good veryfine to extremely fine. (100)

£350-400

328Mixed lot of “Beer and Spirits”, 20 different sharecertificates, including Radeberger ExportbierbrauereiRadeberg 100 RM 1942; Löwenbrauerei -Böhmisches Brauhaus Berlin 1929; DortmunderRitterbrauerei Dortmund 100 RM 1942; ReichelbräuKulmbach 1923, generally good very fine to extremelyfine. (20)

£200-300

329Mixed lot of “Beer and Spirits”, 20 different shares,including Löwenbräu München 1000 RM 1942;Holsten-Brauerei Altona 1926; BrauereiBergschlößchen Sagan 1923; Dortmunder Hansa-Brauerei Dortmund 1200 RM 1928; generally goodvery fine to extremely fine. (20)

£200-300

330Mixed lot of “Beer and Spirits”; 18 different sharesand one participation certificate, includingOsnabrücker Aktien-Bierbrauerei Osnabrück 400 RM1928; Bavaria- und St. Pauli-Brauerei Altona 1000RM 1931, Brauerei Krostitz 1941; Steigerbrauereivormals Gebrüder Treitschke Erfurt 1908 and 1922,generally good very fine to extremely fine. (19)

£200-300



81

331Mixed lot of Cycle and Motorcycle companies; 11share certificates, without duplication, includingTriumph-Werke Nürnberg 100 RM and 1000 RM1933 and 1000 RM 1939 and 1942; Torpedo-WerkeFrankfurt a. M.-Rödelheim 1942; Adlerwerke vorm.Heinrich Kleyer Frankfurt am Main 1000 RM 1929and 1942; Phänomen-Werke Gustav Hiller Zittau 100RM and 1000 RM 1929; Brennabor-WerkeBrandenburg (Havel) 1938; J. Mehlich Bork (KreisZauch-Belzig) 1935; generally good very fine toextremely fine. (11)

£100-120

332Bauverein Kriegerfamilien-Heim, Dresden, 500marks share warrant to bearer, 31 December 1916,brown, yellow and black, ornate border, generally veryfine to good very fine. (11)

£80-100

During World War I the company built apartments forsoldiers’ families.

333Terraingesellschaft Berlin-Südwesten, Berlin, 1000marks share, 1 November 1895, brown and grey (30);ditto 10 January 1906 (17); all with ornate border,generally good very fine. (47)

£250-300

The company was founded in 1895. It acquired and usedseveral properties in the southwestern part of Berlin andin Berlin-Wilmersdorf.

334Deutsche Continental-Gas-Gesellschaft, Dessau,2000 Reichsmark share, August 1928, orange andblue, very decorative design with ornate border,generally extremely fine. (23)

£200-300

The company, which was concessioned by Duke LeopoldIV. Friedrich von Anhalt-Dessau in 1855, built and ranseveral gas works and power plants. In 1979 it wasrenamed Contigas Deutsche Energie-AG.

335Mixed lot of Sugar companies: 32 share certificateswithout duplication, including Zuckerfabrik BahnhofMarienburg Sandhof 1881; Süddeutsche Zucker-AGMannheim 100 RM 1926, 1000 RM 1927 and 1941;Pommersche Provinzial-Zuckersiederei Stettin 100RM 1939; Zuckerraffinerie Genthin 100 RM 1943;Zuckerfabrik Nakel (Netze) 1942; ZuckerfabrikFraustadt 1885, 1888, 1920 and 1921; generally goodvery fine to extremely fine. (32)

£400-500



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336Mixed lot of Colonial certificates: 2 share certificatesand 15 share warrants to bearer, without duplication,including Kamerun-Eisenbahn-Gesellschaft Berlin Lit.A and B 1930; Kaoko-Land- and Mining-Company10 RM, 50 RM and 100 RM 1925; Gesellschaft Süd-Kamerun Hamburg 20 RM and 200 RM 1936;Westafrikanische Pflanzungs-Gesellschaft“VICTORIA” Berlin 1926; DeutscheTogogesellschaft 10000 M 31 March 1923; DeutscheOst-Afrika-Linie Hamburg 1932; generally good veryfine to extremely fine. (17)

£250-300

337Mixed lot of Chemical companies: 22 different sharecertificates, including Chemische Fabrik Helfenbergvorm. Eugen Dieterich 200 RM and 1000 RM 1928;Dessauer Werke für Zucker- und Chemische IndustrieDessau 1000 RM 1942; Vereinigte Berlin-FrankfurterGummiwaren-Fabriken Berlin 1928; VereinigteChemische Werke Berlin-Charlottenburg 1929;Chemische Fabrik von Heyden Radebeul 100 RM1929; generally good very fine to extremely fine. (22)

£150-200

338Mixed lot of Shipping companies; 18 different sharecertificates and one share warrant to bearer, includingNorddeutscher Lloyd Bremen 100 RM and 1000 RM1936; Hamburg-SüdamerikanischeDampfschifffahrts-Gesellschaft Hamburg 1942;Hamburg-Amerikanische Packetfahrt-AG Hamburg1938; Greifenhagener DampfschiffsreedereiGreifenhagen 1928; Woermann-Linie Hamburg1932; “NORDSEE” Deutsche HochseefischereiBremen-Cuxhaven Hamburg 100 RM and 1000 RM1935; Deutsche Ost-Afrika-Linie Hamburg 1932;Leerer Heringsfischerei Leer in Ostfriesland 1942;generally good very fine to extremely fine. (19)

£200-300

339Mixed lot of Railway companies; 25 different sharecertificates, including Süddeutsche Eisenbahn-Gesellschaft Darmstadt 1908; MecklenburgischeFriedrich Wilhelm Eisenbahn-Gesellschaft Neustrelitz1923; Rostocker Straßenbahn Rostock 1928;Magdeburger Strassen-Eisenbahn-GesellschaftMagdeburg 1898; Königsberg-Cranzer Eisenbahn-Gesellschaft Königsberg 1885, 1900 and 1920;Leipziger Aussenbahn Leipzig 1900 and 1914; AG fürVerkehrswesen Berlin 1906; Haffuferbahn-AG Elbing1899; Kleinbahn-AG Grünberg-Sprottau Grünberg i.Schl. 1911; generally very fine to extremely fine. (25)

£400-500

340Mixed lot of Mining companies: 35 sharecertificates, 7 bonds and 2 participation certificates,with no duplication, including ErzgebirgischerSteinkohlen-Actien-Verein Schedewitz 1885;Reichswerke AG für Erzbergbau und Eisenhütten“Hermann Göring” Berlin 500 RM and 1000 RM1939; Zwickau-Oberhohndorfer Steinkohlenbau-Verein Zwickau 1926; Kaliwerke Prinz AdalbertHannover 1910; Bergbau-AG Eilenburg 1923;Niederschlesische Bergbau-AG Waldenburg inSchlesien 1937; Ilseder Hütte Hannover und Peine100 RM and 1000 RM 1941; generally very fine toextremely fine. (44)

£300-400



83

341Mixed lot “Banking and Finance”: 57 differentshare certificates, including Deutsche Bank Berlin1940; Deutsche Golddiskontbank Berlin 1924;Commerzbank Hamburg 1941; Commerz- undPrivat-Bank Hamburg 1932; Grund-Bank Leipzig1936; Radeberger Bank Radeberg 1924; Bank fürTextilindustrie Berlin 1925; Düsseldorfer BaubankDüsseldorf 1898, 1921 and 1922; generally good veryfine to extremely fine. (57)

£400-500

342Mixed lot of certificates from Baden-Württemberg;17 share certificates and 4 bonds without duplication,including C. H. Knorr Heilbronn a. N. 1929;Badische Maschinenfabrik und Eisengießerei vormalsG. Sebold und Sebold & Neff Durlach 1921;Württembergisches Portland-Cement-Werk Lauffenam Neckar 1941; Maschinenfabrik Esslingen 1919;Rheinische Hypothekenbank Mannheim 1928;Maschinenbaugesellschaft Karlsruhe 1927; generallygood very fine to extremely fine. (21)

£150-200

343Mixed lot of certificates from Danzig / Gdansk; 2share certificates and 4 bonds without duplication,including Danziger Privat-Actien-Bank Danzig 1934;Lackfabrik Ed. Pfannenschmidt Danzig-Schellmühl1942; Danzig-Westpreußische Landschaft Danzig 100RM, 500 RM, 1000 RM and 2000 RM 1941;generally good very fine to extremely fine. (6)

£120-150

344Mixed lot of certificates from Stettin / Szczecin; 9different share certificates, including Union Actien-Gesellschaft für See- und Fluß-Versicherungen inStettin 1927; Stettiner Portland-Cement-FabrikStettin 1928; Stettiner Oelwerke Züllchow bei Stettin100 RM and 1000 RM 1936; generally good very fineto extremely fine. (9)

£120-150

345Construction industry; 39 different share certificates,including Altenaer Baugesellschaft Altena 1871;Düsseldorfer Baubank Düsseldorf 1898, 1921 and1922, Baugesellschaft für die Residenzstadt Dresden100 RM and 400 RM 1941; Neue BaugesellschaftWayss & Freytag 100 RM 1932;Wohnungsbaugesellschaft Leipzig-West Leipzig 1928;generally good very fine to extremely fine. (39)

£400-500

346Real Estate and Construction Materials; 21different share certificates, including Zehlendorf -Klein Machnower Terrain-Actiengesellschaft Berlin1903; Portland-Zementwerke Dyckerhoff-WickingMainz-Amöneburg 1935; Frankfurter Baustoff-Beschaffung Frankfurt a. M. 1922; Terraingesellschaft“Frankfurter Chaussee” Berlin 1928; Industrie- undBaustoff-AG Rottwerndorf 1923; OMZ VereinigteOst- und Mitteldeutsche Zement Oppeln 1941;generally good very fine to extremely fine. (21)

£200-300

347Mixed lot of Textile companies; 50 different sharecertificates, including Venus-Werke Wirkerei undStrickerei Berlin 1938; Wolle und Tierhaare WotiragBerlin 5000 RM 1941; Lugauer Kammgarn-Spinnereivorm. F. Hey Lugau in Sachsen 1895; RheinischeTextilfabriken Wuppertal-Elberfeld 100 RM 1930;Vereinigte Textilwerke Wagner & Moras Zittau 100RM 1930; generally good very fine to extremely fine.(50)

£400-500



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348Mixed lot of Textile companies: 50 different sharecertificates, including Leipziger BaumwollwebereiLeipzig 1888; Berliner Wäschefabrik Berlin 1929;Gladbacher Wollindustrie vorm. L. Josten M.Gladbach 1941; Vogtländische Tüllfabrik Plauen i. V.1920; generally good very fine to extremely fine. (50)

£400-500

349Mixed lot general Commercial and Industrialcompanies; 113 share certificates without duplication,including Vereinigte Holzstoff- und PapierfabrikenNiederschlema in Sachsen 500 RM 1934; SchuhfabrikHess Erfurt 1933; Deutsche Industrie AG Berlin1928; generally good very fine to extremely fine. (113)

£600-800

350Mixed lot of General Commercial and Industrialcompanies; 113 shares without duplication, includingMetallgesellschaft Frankfurt a. M. 1000 RM 1943;Opel & Kühne Zeitz 1933; Rudolph Karstadt Berlin100 RM 1942; Klöckner-Werke Berlin 600 RM 1927;generally good very fine to extremely fine. (113)

£600-800

351Mixed lot of General Commercial and Industrialcompanies; 112 share certificates without duplication,including AG für Industrie-Unternehmungen amFriedrichshain Berlin 1930; Rudolph Karstadt Berlin100 RM 1934; Harburger Eisen- und BronzewerkeHarburg-Wilhelmsburg 1936; Marathon-WerkeChemnitz 100 RM 1939; generally good very fine toextremely fine. (112)

£600-800

352German Government International 51⁄2% “Young”Loan, 1930, a group of 10 bonds for US$1000,allegorical female at top, ornate border, mauve andblack, text in English, German and French, withcoupons from June 1945, generally extremely fine.(10)

£250-300



85

353Electric Power Corporation (ElektrowerkeAktiengesellschaft), 61⁄2% First Mortgage SinkingFund Gold Bond, 1 March 1925, a group of 100bonds for US$1000, allegorical male at top, ornateborder, orange and black, with coupons from March1946, generally good very fine to extremely fine. (100)

£400-500

354Mixed lot “Electricity and Energy”: 35 differentshare certificates and 3 different bonds, includingDeutsche Continental-Gas-Gesellschaft Dessau 2000RM 1928; Überlandversorgung Eupen 1000 RM1942; Felten & Guilleaume Carlswerk Köln 100 RM1941; generally good very fine to extremely fine. (38)

£200-300

355Mixed lot “Electricity and Energy”: 36 differentshare certificates and 3 different bonds, includingReußische Elektrizitäts-Gesellschaft Gera (Reuß)1923; Concordia Elektrizitäts-AG Dortmund 1934;Ostbayerische Stromversorgung München 1925;generally good very fine to extremely fine. (39)

£200-300

356Giesecke & Devrient Aktiengesellschaft, Leipzig,1000 Reichsmark share, February 1939, blue andblack, ornate border, superb vignette of female withcornucopia, and another 1000 Reichsmark share, butdated 2 February 1942, extremely fine (2)

£200-300

The company was founded in 1852 by Hermann Gieseckeand Alphonse Devrient in Leipzig. Since then it hasspecialised in high-quality printing, notably of currencyand securities. Today Giesecke & Devrient (G&D) isheadquartered in Munich and well known in providingbanknote and securities printing as well as smart cardsand cash handling systems.


Lot 354


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OTHER PROPERTIES357Schachclub Vaterstetten e.V., Vaterstetten, 2013,set of 3 donation shares for a) 25 Euros (brown), no.9 (of 200 issued), pawn on chessboard, ornateborders; b) 50 Euros (green), no. 18 (of 100 issued),queen; c) 100 Euros (blue), no. 18 (of 50 issued),king, extremely fine. (3)

£100-120

The club, located in Vaterstetten near Munich, is one ofGermany’s largest chess clubs. It is actively involved inyouth work and has been awarded by the German ChessFederation (Deutscher Schachbund) five times. Theseshares were issued for donations to the club to support theyouth work.

GREECE

358Kingdom of Greece, 1889, 4% Consolidated GoldRentes, bond for £100, series B, no.23676, largeformat piece with coat of arms at top, ornate border,black, green and pink, printed by Waterlow & Sons,with coupons from October 1941, heavy centre fold,good fine and rare.

£120-150

359Hellenic Government 5% Loan of 1914, bonds for500 francs (2) and 2500 francs (3), large format withornate border, text in Greek with French and Englishon reverse, all with 1963 Acceptance Certificateattached which was exchanged for the coupon sheets,1924 7% Refugee Loan, bonds for £100 (3), onewith 1963 Acceptance Certificate attached issued inexchange for coupon sheet, refugees at top, green, and6% Public Works Sterling Loan, 1931, bond for£100, very large format, classical head at top, ornateborder, text in English, French and Greek, orange-brown, with coupons, generally very fine and better.(9)

£120-150

360National Bank of Greece, 6% Loan, 1928, aspecimen bond for 1000 drachma, 1932, from theBradbury, Wilkinson & Co. archive, ornate bordercomprising various ancient Greek coins, green andpink, with coupons, overprinted SPECIMEN in red,extremely fine.

£80-100

361National Mortgage Bank of Greece, 7% sterlingmortgage bonds comprising £100, reduced to £50,1927, no.20295, £100, 1927, no.13760 and £100,1928, no.25711, all with goddess at top, obverse andreverse of ancient Greek coin in bottom corners, greenand black, printed by Bradbury, Wilkinson & Co.,endorsed on face; together with Piraeus-Athens-Peloponnesus Railway Co., First Mortgage 6% bondsfor £100 (2) and £500 (2), 1885, arms at top, red andblue respectively, mostly very fine or better. (7)

£80-100



87

362Commercial Company of Salonica Ltd., a group of10 bearer warrants for 10 shares of £1, 189(5), valueof shares reduced to 10 shillings by overstamp, ornateborder, black, blue underprint, printed by Bradbury,Wilkinson & Co., text in English and French,overprints refer to repayment of capital, Greek andEnglish duty stamps, with coupons, generally very fine.(10)

£150-200

363M & H. Klonaridis Ltd., a bearer certificate for 20shares of £1, London 1909[1911], no.5260, a largeformat piece with attractive vignette of the AthensBrewery top centre, brown, text in English and Greek,with coupons, very fine to extremely fine.

£80-100

HUNGARY

364Borsoder Kohlenbergwerks A.G. (Borsod CoalMine), certificate for 10 shares of 10 pengo each,Budapest 1926, no.29601-10, vignettes at bottomdepicting entrance to coal mine and worker drilling,embossed seal bottom centre, blue with pinkunderprint, text in Hungarian and German, with 2coupons (detached), light creasing, about very fine.

£60-80

365Hofherr-Schrantz-Clayton-Shuttleworth, magyargépgyári müvek (Hungarian factory machineworks), 200 kronen share, 1912, no.49564,interesting piece with vignette of crops being sortedwith agricultural machinery across bottom, insetvignettes of factory works at left and right, black andbeige, text in Hungarian and German, very fine.

£80-100

366Immobilien, Bau -und Holzindustrie AG, 25 sharesof 200 kronen, Budapest 1923, no.37951-37975,ornate border, black, blue underprint, text inHungarian but company title also in German, Frenchand English, with coupons, extremely fine.

£50-60



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367“Pannonia” Magyar Viszontbiztosito Intezet, 600korona share, Budapest 1911, no.0784, attractivepiece with stylised Hungarian Queen at bottom withscrollwork at sides, black and buff, 4 pages, nocoupons, small tip of bottom right corner missing,extremely fine.

£60-80

368S.A. de L’Industrie et des Mines de St.Joachimstal-M. -Ostrau, 100 kronen share, Budapest 1911,no.7399, ornate border, brown and black, text inHungarian, German and French, with coupons, centrefold otherwise extremely fine.

£70-90

The centuries old mines at Joachimstal produced thesilver to produce the Joachimstaler coin, later shortenedto taler and in other languages dollar!

369Szegedi Szàllodàsok, Kàvésok, Vendéglösök ésKorcsmárosok Ipartársulatanak, 60 korona share,1920, no.601, ornate border with large vignettesacross bottom depicting horse drawn cart, brewingmachinery, soda syphon and allegorical figures, green,black and peach, text in Hungarian only, withcoupons, very fine.

£80-100

370Ungarische Eisenbahn-Verkehrs AG, 200 kronenshare, Budapest 1900, no.25369, ornate border,company seal at bottom, black, green underprint,adhesive revenue stamp, text in Hungarian andGerman, with coupons, extremely fine.

£50-60



89

ITALY

371Monte non Vacabile de’ Paschi, 100 scudi, [1629], arms of the Grand Duchy ofTuscany at top left, City of Siena at right, black printing, on vellum, wax seal hasfallen away, very fine and very rare early date. [R10]

£2,000-2,500

This is the oldest surviving bank in the world, founded in 1472 in Siena, and this isone of the oldest certificates available to collectors. The bank was reorganised in 1624.Monte di Pieta were founded as charitable institutions in the 15th century to countermoney lending. Funds were obtained from wealthy landowners and merchants andlent to those in need. Over the years they have developed into traditions bankinginstitutions.



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372Monte non vacabile del Sale della Citta di Firenze,4% loan, nominative certificate, [1681], Medici armsas Grand Dukes of Tuscany at top, black printing, onvellum, paper and wax seal at bottom left, very fine andrare early date. [R10*]

£1,200-1,500

Founded in 1495.

373Banca Siculo=Svizzera, 100 lire share, Messina19[10], no.01112, ornate border, arms of Sicily andSwitzerland at top, black, yellow underprint, withcoupons, very fine.

£100-120

374Cantine Marchese Fassati “Vini ed Olii delChianti”, 5 shares of 100 lire, Milano 1913, no.296-300, ornate border of acanthus leaves, grey green andred, with coupons, good very fine.

£50-70

Tuscan winery founded in 1913 by Marquis FassatiFassati and acquired several vineyards in theMontepulciano region. Now owned by the Della Camerabrothers.

375“Cosulich” Societa Triestina di Navigazione, 200lire share, Trieste 1920, no.87557, two funnelsteamship flanked by allegorical figures, coloured flagabove, coats of arms at sides, black, green & red, greenunderprint, with coupons, extremely fine.

£70-90

376Industria Sarda Cioccolato ed Affini Coco & C.,250 lire share, Cagliari 192[5], no.42, of only 960issued, attractive Art Nouveau design with Statebuilding top left and the chocolate factory at bottom,green, very fine.

£60-80



91

377Navigazione Generale Italiana, nominative share of20,999 lire, Genova [1942], no.02554, large formatpiece, vignettes of Rubattino at left and Florio at right,steamship at bottom, ornate border, black and pink,very fine.

£100-120

Company formed in 1881 as an amalgamation of thetwo companies of Rubattino and Florio, sanctioned bythe Italian State. Lloyd Italiano was later absorbed in1918.

378Odero Terni Orlando, Societa per la Constuzionedi Navi, Macchine ed Artiglierie, nominative shareof 200 lire, category A, 19[49], no.02080, vignette ofnaval guns with naval vessel in the distance, ornateborder, mauve and black, with coupons, very fine.

£70-90

379Partito Comunista Italiano (Italian CommunistParty), a premium loan for 10 bonds of 100 lire,Rome 1946, no.610781, hammer and sickle vignetteat top, brown, green and red, very fine.

£70-90

380S.A. Armi Automatiche Scotti, one share of 50 lire,Brescia [1939], no.104, very interesting vignette ofanti aircraft gun, black, with coupons, good very fine.

£100-120

Alfredo Scotti had been designing automatic naval andland guns since WWI. He worked extensively with IsottaFraschini who manufactured the weapon from 1938.

381Soc. Anonima Italiana per L’Impianto e L’Esercizidel Giardino Zoologico in Roma, 100 lire shares,1909, no.269, attractive certificate with range of wildanimals at top including tigers, lions and rhinoceros,various other animals around the border, mauve andbrown, with coupons, almost extremely fine.

£200-250

The zoo was built on part of the Villa Borghese estate inRome and opened in 1911. Following the War the zoobecame run down but some renovation was done. Thereptile house had to close in 1970 but was reopened in1983. In recent years the zoo has been transformed intoa Biopark with just over half of the funding coming fromthe City of Rome.



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LITHUANIA

382Lithuanian Liberty Loan, 1919, bond for $50printed by the American Bank Note Co., no.A01775,stylised horseman in full armour at top, orange andblack, text in English and Lithuanian, issued by theLithuanian Mission to America, no coupons remain, 2punch holes in right margin, very fine. [R11*]

£250-300

The country was gradually annexed by the RussianEmpire during the 18th century but achieved a shortperiod of renewed Independence at the close of WW1. Thecountry was again occupied during WWII and thenbecame part of the Soviet Union. The first state to breakwith the Soviet Union and declare independence againin 1990. This is the first issued piece we have seen and itappears not to have been cancelled, the holes at rightprobably just for filing.

NETHERLANDS

383City of Rotterdam, 40-Year 6% Gold Loan, aspecimen bond for $1000, 1924, from the ABNCo.archive, steamship and steam train at dockside, steelgrey, numbered 00000 and overprinted SPECIMENin red, with coupons, small cancellation holes, goodvery fine and scarce.

£120-150



93

384City of Christiania, 1924 30-Year 6% Gold Loan,a specimen bond for $1000 from the ABNCo. archive,allegorical figures flank City arms, ornate border, blueand black, numbered 00000 and overprintedSPECIMEN in red, with coupons, good very fine.

£180-200

The name of Christiania was changed to Oslo in 1925 asis confirmed by the blue overprint on the face of this piece.

x385Aktieselskabet Atlantis, 1,000 krone share,Flekkefjord 1916, no.3228, vignette of the Steamshipwithin title, ornate border, black and peach, very fine.

£80-100

x386Aktieselskabet Borgestad, 500 krone share, 1921,no. 8805, photographic vignette of the companiessteam ship below title, ornate border, black and lightgreen, about very fine.

£100-120


NORWAY

Lot 384 Lot 385

Lot 386


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x387Alvøens Papirfabrik, 1,000 krone share, Alvoen1934, no.182, vignette of the Paper Mill at top, ornateborder with scrollwork in corners, black andbrown/burgundy, extremely fine.

£80-100

x388Bömmelöens Forenede Grubekompagnier, 25krone share, Christiania 1886, no.20073, lovelyvignette of two Gold miners preparing an area, blackprinting, heavy folds, about very fine.

£140-160

x389Drammens Jernstöberi & Mekaniske Værksted,3,000 krone share, Drammen 1877, no.176, largevignette of the Iron foundry on the coast, ornateunderprinting, black and green, good very fine.

£160-180


Lot 387

Lot 388


95

x390Drammens Jernstöberi & Mekaniske Værksted,500 krone share, Drammen 1908, no.659, vignettewithin title of the Iron foundry on the coast, ornateborder, black with green underprint, extremely fine.

£80-100x391Fosens Aktie-Dampskibsselskab, 50 krone share,Trondheim [1905], no.559, ornate border withcoastal and countryside scenes in corners, black withblue-grey underprint, with coupons, very fine.

£80-100

x392Glommens mek. Verksted Aktieselskap, 1,000krone share, Krakeroy 1919, no.385, ornate borderwith shipping and industrial buildings at top, smallinset vignettes of machinery, black and brown, withcoupons, very fine.

£70-90

x393Haldens Privatbank, 200 krone share, Halden 1917,no.436, bank building within title, black, blue andgold, with coupons, extremely fine.

£80-100

x394Indherreds Aktie-Dampskibsselskab, un-issued 100krone share, 1901, not numbered, overstamped with400 kroner and 200 kroner, inset vignette of steamship at top, ornate border, black and green, fine to veryfine.

£80-100


Lot 391

Lot 394


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x395Mjöndalen Cellulosefabrik, 200 krone preferenceshare, Drammen 1923, no.14634 ‘B’, lovely vignetteof the Cellulose factory, black with pink underprint,good very fine.

£60-80

x396Moss Privatbank, 225 krone share, Moss 1917,no.1113, vignette of Bank building at top, ornateborder, underprinted ‘225’, blue-black and gold, withcoupons, extremely fine.

£80-100

x397Nationaltheatret, 100 krone share, Christiania 1898,no.2719, lovely vignette of the Theatre at top, graphicborder, blue-black printing, heavy centre fold torn atedges, about very fine.

£140-160

The Theatre, situated between the Royal Palace and theParliament building was opened for its firstperformance in September 1899 and has been usedcontinuously since that time despite some financial crises.The Norwegian government now provides some supportto ensure its success.


Lot 396

Lot 397


97

x398Østerdalens Privatbank, 250 krone share,overstamped with 100 krone, Rena 1917, no.6471,vignette of the river at top, ornate border, brown andolive, with coupons, extremely fine.

£70-90

x399Oversöiske Compagnie, 200 krone share, Christiania[1916], no.7834, sailing boat, steam ship andallegorical figure with globe at top, black, withcoupons, very fine.

£60-80

x400Romsdalske Vexel Oglandmandsbank, 160 kroneshare, Molde 1917, no.8315, ornate border includingcompany seal with whale top centre, blue-black withpink underprint, with coupons, extremely fine.

£90-110

x401Skien Telemarkens Dampskibsaksjeselskab, 100krone share, Skien 1900, no.2011, steamship at topleft, ornate border of anchors, black, blue and red, veryfine.

£120-140

x402Skjelbreds Rederi, 1,000 krone share, Kristiansand1919, no. 2840, ornate border, Norwegian flag at top,black and brown, extremely fine.

£60-80


Lot 399


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x403Soggendals Spinderi & Væveri, 50 krone share,Sokndal 1886, no.96, vignette of the factory at top,ornate border, black and turquoise, filing holes at left,some discolouration, about very fine.

£70-90

x404Tananger Bilselskap, 100 krone share, Tananger[1938], no.147, Bus at top, ornate border, black withgreen underprint, extremely fine.

£140-160

x405Tönsberg og Hortens Dampskibsselskab, 400krone share, Tonsberg 1884, no.59, large steam shipat top, black, edge tears on folds, about very fine.

£70-90

x406Tromsø Privatbank, 300 krone share, Tromso 1912,no.214, ornate border, underprinted ‘300 Kr’, brown,lilac and green, with coupons, extremely fine.

£90-110


Lot 405

Lot 404


99

POLAND407Republic of Poland, 20-Year 6% Gold Loan of1920, a group of bonds for $50 (6) and $100 (7)crowned eagle at top, ornate border, text in Englishand Polish, blue and green respectively, blue overprintof reduced interest and extended terms, 1938, withcoupons, mixed condition but many very fine. (13)

£150-200

408“La Petrolifere” S.A.Belgo-Polonaise PourL’Industrie du Petrole a Cracovie, 10,000 Polishmarks share, Carcovie 1923, no.01588, large figure ofworker standing at right, oilfield at bottom, blue, textin French and Polish, with coupons, centre foldotherwise about extremely fine.

£60-80

409Spolecne Sladovny Podripske y Roudnici, 200 zlotyshare, 18[89], no.4/7, ornate border, blue withyellow underprint, 4 pages, endorsements inside, goodvery fine.

£80-100

PORTUGAL AND COLONIES

410Companhia “A Gaduana” Empresa de Pesca deBacalhau, one share of 100 Escudo, Porto 1922,no.167, impressive border of Cod fish and vignettes attop depicting Fishermen and sailing boats, green andbrown, with coupons, extremely fine.

£200-250

411Companhia de Corticas de Portugal, a group of 5certificates for 5 shares of 90 reis each, Lisbon 1891,very attractive pieces with vignettes of tree cutting,blue; together with 10 certificates of the Sociedade deAgricultura Colonial, Sao Tome and Principe, eachfor 10 shares, 1954, map of the Island at top, brownand green, with coupons, extremely fine. (15)

£100-150



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412Companhia da Pesca da Baleia, 100 Reis share,Mossamedes 191[0], no.010, central vignette of acaptured whale, and another at bottom left depicting adart gun aiming at swimming whale, navy blue, centrefold, very fine.

£250-300

413Empreza Tauromachica Lisbonense S.A., certificatefor 5 shares of 10 Reis each, Lisbon 1893, no.270,ornate border, blue, with coupons, small hole at topleft, otherwise very fine, and a rare piece.

£80-100

414Jardin Zoologico e d’Acclimacao em Portugal,20$000 share, second series, 188[904], no.731,beautiful design with lion, zebra, ostrich, elephant andother animals around border, black, extremely fine.

£80-100

415Sociedade do Teatro de S. Joao, certificate for 25shares of 20 Real each, Porto 19[20], large coat ofarms at top centre, black and buff, slight staining tobottom right corner, good very fine.

£150-200



101

416Teatro Favaiense, 5 Escudo share, Favaios 19[19],no.286, colourful piece with floral border andscrollwork at corners, small coat of arms at top, green,blue and pink, extremely fine.

£80-100

ROUMANIA

417Banca Centrala, certificate for 10 shares of 250 leieach, Cluj 1920, no.86821-30, bold colourful border,vignette at top depicting port and ships with Eagle onglobe in foreground, red, blue, yellow and black, handannotations on reverse, text in Romanian only, heavyfolds, about very fine.

£60-80

SPAIN418Bella Raquel Company, share, 184[7], no.285,signed by John Taylor Jnr as secretary, thin ornateborder at left, black printing, embossed seal depicting‘Bella Raquel’ bottom right, transfers on reverse, goodvery fine.

£60-80

Following the discovery of silver in the Province ofGuadalahara, John Taylor & Sons formed this companyto work the deposits. John Taylor Jr., 1808-1881, eldestson of John Taylor, admitted to the partnership in 1845and was instrumental in creating British investment inmining in Spain.

419Baños del Astillero S.A., part share of 50 Pesetas,Barcelona 1934, no.22, large vignettes at topdepicting Poseidon and Amphitrite in centre, Shipyardto the left, and company premises to right, black andyellow, good very fine.

£80-100

420Caja Universal de Capitales, founders certificate,Madrid 1859, no.121, ornate border with ‘treasurer’at top and collection of tools at bottom, black withbuff underprint, about extremely fine.

£80-100

421El Monte Carmelo, 500 Peseta share ‘serie B’,Santander 1910, no.0364, ornate tile style border withSt. Carmen at top left, and large building bottomright, red, blue and brown with yellow underprint,single vertical fold, very fine.

£80-100



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422Juan Miro S.A., Barcelona, 500 Pesetas share, 31May 1949, no. 104, attractive piece with a moderndesign depicting a train and other modes oftransportation over a globe, aeroplane and ship atbottom left, green, orange and metallic gold, goodextremely fine.

£80-100

The company was in charge of the public relation of theSpanish State Railway RENFE.

423Productos Selectos del Cerdo S.A., 500 Pesetashare, Manlleu 1944, no.4990, colourful piece withallegorical figures to left and right, depicted with fullbasket, platter and pig, black, red, green and gold,faint water damage to top and bottom edge, about veryfine.

£60-80

424‘Sociedad Azucarera Larios’ S.A., 5000 Pesetashare, Malaga 1944, no.969, attractive piece withallegorical female in front of sugar refinery at top, largegreen sugar canes either side, and ornate border, blackand green, with coupons, extremely fine.

£80-100


Lot 424

Lot 423


103

425A small collection of Spanish Mines from theGerona District, including Sociedad Minera TituladaLa Casualidad Segunda, Catalina, no.247; LaCasualidad Primera, Perrotina, no.252; La FelizPrimera Naufragio, no.148; La Feliz Segunda,Carrolina, no.204; and La Feliz Tercera, Trementina,no.32, all dated Barcelona 1851, attractive pieces withornate border, mining tools and scenes on each, black,all extremely fine. (5)

£120-150

426A good trio of Spanish mining certificates,comprising Sociedad Minera ‘Desconfianza’, no.139,‘Dudosa’, no.148 and ‘Desengano’, no.159, all datedBarcelona 1850, attractive pieces with ornate borderincluding mining tools and buildings, vignette atbottom of mine workers with ships and building inbackground, black with underprint in green, pink andyellow respectively, all about extremely fine. (3)

£80-100

427Sociedad Minera Titulada La Feliz Primera,Naufragio, Gerona District, certificate for one share,no.386, Barcelona 1851, ornate border with vignettesof mining landscape and tools, black, together withSociedad Minera Titulada Desconfianza, shareno.195, Barcelona 1850, ornate border with mineheader at top, tools and landscape at bottom, blackwith light green underprint, both extremely fine. (2)

£60-80

SWEDEN428AB Garbo-Fakir, Stockholm, an unissued certificatefor 100 kroner, 1933, company logo of the side facesketch of actress Greta Garbo, red; together withJärnvägstransport Forsakrings AB, 100 kroner, 1918;Oxelosunds Jarnverks AB, 1000 kroner, 1914;Rederiaktiebolaget Sverige-Nordamerika, 100 kroner,1917, small tear at top edge; Transmarina KompanietAB, 1000 kroner, 1917; Mellansvenska Malmfalten,100 and 500 kroner, both 1918, and, Mo OchDomsjo AB, 2000 kroner, 1935, 1000 kroner, 1955,100 and 500 kroner, both 1959, very fine to extremelyfine. (11)

£120-150

429Aktiebolaget Volvo, 50 kroner share, Goteborg1935, no.2025, black, blue underprint, Frenchrevenue stamp, three small filing or possibly cancellationholes, good very fine and scarce.

£200-250

x430Ångfartygsaktiebolaget Nya Söderhamn, 100 kronashare, Soderhamn 1909, no.952, steamship at top andvignette of town at bottom, ornate border, black andgreen, with coupons, about extremely fine.

£60-80



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431Bräcke-Sundsvalls Kommunikations AB, 100riksdaler share, Torp [1868], no.563, lovely steamshipand river scene, black, yellow underprint, withcoupons, about extremely fine.

£100-120

432Falkenbergs Jernvägs Aktiebolag, 100 kroner share,Falkenberg 1893, no.1100, steam train at top, ornateborder, black and brown, with coupons, very fine toextremely fine.

£50-60

x433Fiskebäckskils Badinrättnings-Aktiebolag, 100krona share, [1905], no.192, vignette of dock andbuildings in centre, ornate border, black, tears to leftand right edges, otherwise about very fine.

£80-100

434Gefle Warfs Aktie-Bolag, 1000 riksdaler share, 1874,no.489, attractive piece with tools under title, blueand black, pink underprint, with coupons, extremelyfine.

£100-120

x435Göteborgs Folkbank, 10 krona share, Gothenburg1920, no.12522, ornate border, black, blue andyellow, with coupons, extremely fine.

£50-60



105

436Götha-Kanal-Bolags, Stockholm, 10 shares of 100riksdaler, series B, 1833 (1888 replacementcertificate), no. 142, stylised vignette of canal barge,allegorical figures before lock gate, black, withcoupons, extremely fine.

£60-80

The company was founded in 1810 with the object ofbuilding a canal between the Vänernsee and the BalticSea. The construction took until 1832 and was directedby B.v. Platen.

x437Hälsingborgs Handelsklubbs FastighetsAktiebolag, 100 krona share, Helsingborg 1918,no.20 ‘serie A’, colourful piece with ornate border andvignette of the town at top, black, green and yellow,extremely fine.

£60-80

438Hotel Aktiebolaget Carlskrona, 100 kroner share,[1890], no.1149, black, green underprint, withcoupons; together with other Swedish certificatescomprising Wisby Kakelfabriksaktiebolag, 100 kroner,1917; Aktiebolaget Forsberg & Persson, 100 kroner,1917; Ousby Yllefabriks AB, 200 kroner, 1918;Aktiebolaget Cyanid, 500 kroner, 1915; AktiebolagetAsklunds Yllefabrik, 100 kroner, 1941; Luth & RosensElektriska AB, 100 kroner, 1920; NyaForsakringsaktiebolaget Hansa, 500 and 5000 kroner,both 1917, and, an unissued but signed certificate ofOsterdalarnes Angbats AB, 100 kroner, 1900,generally very fine to extremely fine. (10)

£120-150

439Hotel Aktiebolaget i Carlskrona, 100 kroner, 1890,together with other Swedish certificates (11) includingSvensk-Dansk-Ryska Telefonaktiebolaget, 360 kroner,1909; Ousby Yllefabriks AB, 1918; WisbyKakelfabriksaktiebolag, 1917 and Rob O. BerglundsPatent, 1916, also various world certificates (43)includes many modern USA pieces, mixed conditionbut those mentioned are very fine to extremely fine. (55)

£100-150



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440Jernvägsaktiebolaget Stockholm-Saltsjön, 1000kroner share, Stockholm 1913, no.3208 series B, largevignette of bay with islands, bridges and castles, ornateborder, black, pink underprint, with coupons,extremely fine.

£80-100

441Malmö-Ystads-Jernvågs AB, 1000 kroner share,1873, no.584 Lit C, two attractive dockside vignettes,black, orange and blue, with coupons, extremely fine.

£70-90

x442Nettraby-Alnaryd-Eringsboda Jernvägsaktiebolag,150 krona share, 190[5], no.4160-4162, ornateborder and steam engine at top, blue, with coupons,small nick to bottom edge, otherwise good very fine.

£80-100

443Rederi Aktie Bolaget Fides, 1000 kroner share,Stockholm 1899, no.034, Government building andriver scene and steamboat, company logo to left andKing to right, green and yellow, with coupons,extremely fine.

£60-80



107

x444Rederiaktiebolaget Norra Vättern, 100 krona share,Askersund 1918, no.340, steam boat at top, ornateborder, blue, with coupons, extremely fine.

£50-60

x445Scharins Söner, 10 shares or 1,000 krona share,[1919], no.10081-90, ornate border, brown withgreen underprint, extremely fine.

£40-50

x446Skandinaviska Kaffeförädlings-Aktiebolaget, 100krona share, Stockholm 1897, no.42, ornate borderwith scrollwork in corners, black and grey with greenunderprint, with coupons, extremely fine.

£80-100

447Skånska Elektro-Stålverken, 10 shares of 100kroner, Helsingborg 1917, no.3751-3760, allegoricalfemale top left, black with green underprint, withcoupons, extremely fine.

£50-60

448Snäcke Kanal-Aktie-Bolag, 25 riksdaler share, 1874,no.59, small sail assisted steamer in centre, black, withcoupons, extremely fine.

£80-100

449Svenska-Dansk-Ryska Telefonaktiebolaget, 360kroner share, 1909, coats of arms of Sweden, Denmarkand Russia at top, together with;Forvaltningsaktiebolaget Agal, 5000 kroner, 1929; ABGerda Flyren & C:o, Gargeri, Kemisk Tvatt-ochStrykinrattning, 100 kroner, 1933; ElektrofirmanMagnet Weimman & C:o AB, 100 kroner, 1936; ABRob O. Berglunds Patent, 100 kroner, 1916; SiggeBjorck’s Konsthandel AB, 1000 kroner, 1919; SkofdeMekaniska Verkstads AB, 100 kroner, 1917, and,Aktiebolaget Fettindustri, 100 and 500 kroner, 1918,very fine to extremely fine. (9)

£120-150



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450Swedish Trading Company, 100 kroner share,Stockholm 1915, no.19926, series C, globe in centreflanked by 4 funnel steamship and merchantsteamship, yellow and black, with coupons, extremelyfine.

£60-80

451Telefonaktiebolaget L.M.Ericsson, 35 kroner share,Stockholm 1951, no.1589482, company logo withtelephone at top, blue and yellow-brown, withcoupons, hole cancelled. extremely fine.

£60-80

452Tivoli Bolaget i Christianstad, 20 riksdaler share,1872, no.187, floral border, black, with coupons,almost extremely fine.

£80-100

x453Velocipedfabriken Herald, 500 kroner share,Klippan 19[09], no.25, ornate border, 4 pages, brownand green, with printed endorsement with change ofcompany name to Aktoebolaget Herald in 1912,almost extremely fine.

£60-80

x454Victor Pettersons Bokindustri, 1,000 krona share,Stockholm 1901, no.450, beautiful ornate border ofscrollwork and figures, vignette of printing press andoperators at top, black, brown, blue and yellow, withcoupons, extremely fine.

£50-60

455Wermskogs Silfvergrufve Aktiebolag, 500 riksdalershare, Stockholm 1867, no.225, of only 400 issued,ornate border, green and black, with coupons,extremely fine.

£140-160


Lot 452


109

SWITZERLAND

456Lake Constance and Basle Railway (First sectionfrom Rorschach to Wyl), bearer certificate for oneshare of £20 or 500 francs, £2 paid, St.Gall 1852,no.7112, text in English and French, black, printed byWaterlow & Sons, extremely fine

£60-80

YUGOSLAVIA

457Druötvo za Vazduöni Saobracaj A.D. (Society forAir Travel, Yugoslavia), certificate for 3 shares of250 dinara each, Belgrade 1927, ornate border withaircraft, underprint of plane in centre, green and beige,text in Serbian and Cyrillic script, with coupons, goodvery fine.

£80-100

GREAT BRITAIN & IRELAND

GOVERNMENT LOANS

458A Very Early Obligation Bond of 1599, manuscriptdocument written in English for a Loan of £10,mention of names in Barwick in Elmet (near Leeds)and other areas of Yorkshire, signed by Edward RobertNoye, some ink damage/small holes throughout text,very fine and rare early date.

£120-150

459Exchequer Bill, £[25], paying 1 penny per dayinterest, [1701], signed ‘Halifax’ at bottom left,typical small format bill with impressed seal of theExchequer depicting portcullis, scrollwork at left andright, black, ink cross cancellation, lightly toned, aboutvery fine. [R10*]

£650-700



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460£3:10s per cent War Loan, bearer bond for £100,London 1st December 1932, no.286252, facsimilesignature of N.K.Warren-Fisher as secretary to theTreasury, ornate border, brown and black, on Bank ofEngland watermarked paper, with coupons, stamped‘CANCELLED’, otherwise extremely fine and rare.

£100-120

SOUTH SEA COMPANY461South Sea Company, New South Sea Annuities,inscribed stock receipt, 177[1], for the sale of £[2000]of stock at £[1700], black and red, small piece missingfrom top left corner from spiking, as is usual with thesecertificates, very fine and scarce. [R10]

£300-350

After the collapse of the South Sea Company in 1723 theGovernment agreed to exchange half of the shareholdingsfor Government Stock, called South Sea Annuities. In1733 half of the remaining shares were also exchangedand this gave rise to the New South Sea Annuities.

CANALS

462Kennet and Avon Canal, ticket for one share, 1794,no.2322, small format, black printing, paper sealattached, small nicks at top edge from spiking, very fine.

£250-300


Lot 461


111

463Kennet and Avon Canal Navigation, share ticket,1808, no.9237, black printing with blue paper sealattached, good very fine.

£240-280

464River Nene Navigation Joint Stock, certificate for£100 at 4% entitling the holder to a share in the JointStock and a share in all ‘Rates, Tolls and Duties’ in theWestern Division of the Navigation, 1762, no.134,signed by nine Commissioners with wax seals, hanginglead seal attached at bottom right, black printing onvellum, some discolouration of the vellum as usual butvery fine and rare. [R9]

£600-800

The navigable part of the River Nene extends from theGrand Union Canal, near Northampton to the Washnear Peterborough, a total of 88 miles and now has 38locks. Although parts of the river were made navigable byacts of 1724 the main work was not undertaken until theact of 1756. The Navigation was opened in 1761. Thenavigation was in a state of disrepair by the 1920’s andmajor works were undertaken in the 1930’s.



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465Rivers Thames and Isis Navigation, a 41⁄2% bond for£100, 177[4], no. 177, black printing, on vellum, 12signatures of the Commissioners each with small waxseal, interest payments annotated on the back andfront of the piece from 1774 through to 1863,sometimes across the printed text, a few endorsementson the reverse, vellum a little discoloured as usual, veryfine and very rare. [R8]

£250-300

An Act of Parliament was passed in 1771 for‘improving and completing’ the navigation of theThames and Isis Rivers from the City of London toCricklade in Wiltshire. Commissioners were appointedwho promptly raised the necessary funds with these bonds.Interest was paid at 41⁄2% which was paid out of incomederived from rates, tolls and duties charged at Locks, TollHouses and Turnpikes. The navigation was vested in theThames Concervancy from 1866 when it was consideredthat the locks and other structures were considered to bein a poor state of repair and there was insufficientincome for proper maintenance. This got rid of therather ancient and unwieldy regulation by thenumerous commissioners.

466Somersetshire Coal Canal Company, Lock Fund,certificate for one share number 2347, 18[03], smallformat, black on thick paper, waxed seal, very fine.

£140-180

467Thames & Severn Canal Navigation, a general bondfor [£500], 17[94], no.237, attractive piece, onvellum, with two vignettes of canal tunnels at top,black, seal removed as cancellation, together with anunissued example of the same, the first with sometoning, very fine and extremely fine. (2)

£200-250



113

468Thames and Severn Canal-Navigation, certificatefor New Shares, 18[09], no.1952, signed by JohnDisney Jr. as Chairman, and issued to Sir EdwardLittleton of Teddesley Park, Staffordshire, redprinting, on vellum, very fine.

£150-180

469Wyrley and Essington Canal Co., a handwrittentransfer certificate for 10 shares, 1795, between JohnBishton and George Birch, large format, on vellum,wax seals and handsigned by all parties, very fine.

£100-150

Company formed in 1792 and opened betweenWolverhampton and Great Wyrley in 1797.

RAILWAYS470Bristol & Exeter Railway Co., a pair of debenturesfor £[1000], 18[49], no.1201BE and £[500], 18[59],no.2928BC, black printing, embossed duty stamps,blue seals, together with Bristol and South WalesUnion Railway Co., debenture for £[257], 18[62],no.38, black, pink seal, embossed duty stamp, allcancelled by removal of the seal and the first two also inkcancelled through signatures, very fine. (3)

£100-120

471Cornwall Railway Company, a group of 7certificates for £50 shares, 184[6], numbers 803, 817,818, 819, 854, 855, 877 scrollwork at left, black ondark green paper, attractive embossed seal, generallyextremely fine. (7)

£80-100

472Direct Sheffield & Macclesfield Railway, scripcertificate for 5 shares of £20, £2 2s paid, London1845, no. 6-10, red printing on blue-grey paper, fineand scarce.

£60-80

473East Kent Light Railways Company, £1 shares, partpaid, stamped fully paid, 191[2], Capital £240,000,no.224, vignettes of steam train and colliery buildings,dark blue, very fine.

£80-100

Incorporated 1911 under Light Railways Act andpromoted by Arthur Burr who then controlled much ofthe coalfield, to develop communication between thecollieries on the Kent coalfield. Mostly built by ColonelStephens and finally opened in 1916.

474Eastern Counties Railway Co., Extensions fromCambridge to York and Tottenham to FarringdonStreet, 2 shares of £20, undated, circa 1840, no.1350,ornate border, pink and black, printed by Whiting,together with an early unissued certificate, 18-, circa1836, attractive watermarked paper, scrollwork left,black on grey paper, with counterfoil, split in centre,corner of counterfoil damaged, the first good very fine.(2)

£140-180



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475Liverpool and Manchester Railway Co., £25 share, 1831, no.13914, black printing, on vellum, red paper seal, good veryfine and scarce early issue; together with other related items comprising a rare book entitled An Accurate Description of theLiverpool and Manchester Rail-Way, The Tunnel, The Bridges, and other Works Throughout the Line; An Account of theOpening of the Rail-Way, and the Melancholy Accident which Occurred; A Short Memoir of the Late Hon. Wm. Huskisson,and Particulars of the Funeral Procession, &c., by James Scott Walker, 2nd edition, 1830, 52 pages plus pull out plan ofSankey Viaduct and the route of the railway, ex John Phillimore Collection, rebound in marble boards; a white metalmedallion, 38mm, to commemorate the opening of the line, issued by T. Woodfield, Liverpool, 1830, Sankey Viaduct onobverse, entrance to Liverpool Station on the reverse, extremely fine; Act of Parliament, May 1826, ‘for Making andMaintaining a Railway or Tramroad from the Town of Liverpool to the Town of Manchester, etc.’ 106 pages, with fullschedule of land and property owners affected by the line; together with St.Helen’s and Runcorn Gap Railway, sharecertificate number 845, 1830, plain black printing together with the corresponding Act of Parliament to incorporate theCompany dated May 1830, 86 pages, the certificate extremely fine, the Act generally very fine but the covers a little grubby,overall an excellent and interesting lot. (6)

£2,500-3,000



115

476Mid-Suffolk Light Railway Co., £10 ordinaryshares, 19[02], No. 161, signed by F.S.Stevenson asChairman, scrollwork at left and top, blue, printedby Waterlow Bros. & Layton, good very fine

£80-100

A 19 mile line between Haughley Junction andLaxfield. One of the last railways to be constructed inEngland, open to passengers in 1908, taken over byL.N.E.R. in 1924.

477Peterborough and Nottingham Junction RailwayCo., scrip certificate for 5 shares of £20, £2 2s pershare paid, 1845[6], no.436-440, blue and redprinting on blue paper, very fine and scarce.

£60-80

478Ravenglass & Eskdale Railway Company, 8% loan,bond for £50, 18[74], no.2, ornate border, companylogo at top, red, with coupons (detached), strikethrough cancelled faintly on face, very fine.

£120-150

Incorporated in 1873 the light railway opened in 1876to passengers, continuing until 1908 when the line wasclosed. A conversion to 15 inch gauge by Bassett-Lowkeand Proctor-Mitchell in 1915 saw the line open again,and it remains a tourist attraction today.

TRAMWAYS

479Birkenhead Tramways Company, 6% preferenceshares of £10, 18[81], no.677, lovely vignette of theWoodside Ferry terminus with horse drawn tramwaiting to depart, several ships at the dockside, red, afew pinholes, very fine and scarce.

£120-150


Lot 476

Lot 478


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MOTOR CARS & CABS

480British Motor Co. Ltd., £1 preference shares,189[8], no.732, mauve, about very fine.

£120-150

This was Harry J Lawson’s main company for theacquisition of the Daimler patents with which he was tocontrol the motor manufacturing business in the UK.Originally incorporated as the British Motor Syndicatein 1896 it was reorganised in 1898 as above. Thecompany acquired numerous automobile patents, payingoutrageous sums for them, most notably the Penningtonpatents which proved to be worthless. The company wasagain reorganised as the British Motor TractionCompany in 1901 by racing driver S.F.Edge andLawson gradually disappeared from the scene. A keypiece in British automobile manufacturing.

481De Dion Bouton Motor Cab Co. Ltd., bearerwarrant for 5 7% cumulative preferred ordinary sharesof £1, 1[909], no.B79, ornate border, red and blue,text in English and French, with coupons, about veryfine and scarce.

£60-80

482Sunbeam Motor Car Co. Ltd., First Mortgageredeemable debenture for £100, 1919, no.3198, largeformat, blue, ragged bottom edge and tear at bottomright but otherwise very fine; together with RobertsonAutomatic Variable Speed Gear Co. Ltd., preferenceshares, 19[29], no.187, vignettes in each corner ofmotor car, aeroplane, steamship and lorry, blue andorange-brown, Hawker Siddeley Aircraft Co. Ltd.,option certificates, 1938 (2) and a transfer certificateof the West Middlesex Water Works dated 18[30],mostly very fine. (5)

£100-120

BRIDGES483Strand Bridge (Waterloo Bridge), a pair of transfercertificates for Annuities, Strand Bridge dated 1814and Waterloo Bridge dated 1818, both are printed inblack, on vellum, signed by the purchaser who, in bothcases, is Fielder Jenkins, blue paper revenue stamps, thefirst with small split in vellum and both have mountmarks on the reverse, very fine. (2)

£60-80

BANKS AND INSURANCE484London Joint Stock Bank, a group of certificates for£50 shares, 185[9], 186[5] and 187[1], all withscrollwork at left and under title, brown and black,together with Union Loan & Discount Co. Ltd., £1shares, 18[1937], no.141, showing change of title toUnion Credit Corporation Ltd., black, red sealdepicting clasped hands, the second with edge tear, somesurface dirt, generally about very fine. (4)

£60-80

485New Bristol Fire Office, a lovely fire insurancepolicy, [1789], no.5218, on three dwelling houses inGlocester [sic], for a sum of £300, large vignette ofarms and firemen at top, embossed duty stamps, veryfine and rare.

£80-100



117

486Society for Equitable Assurances on Lives andSurvivorships, a policy on the life of TheophilusBeavan for £350, 18[09], providing he has already hadsmall-pox, vignette of children with Father Time attop left, large format, black, embossed duty stamp,good very fine and rare.

£80-100

487Union Fire Insurance Society (Norwich), a fireinsurance policy in the name of Sir Rose Price Bart.,18[15], in the sum of £4000 on Trengwainton Housein the parish of Madron, Cornwall, huge vignette ofallegorical figures with fire in background, black,embossed duty stamp, some staining at edges but aboutvery fine and rare for this sum of money.

£80-100

A newly remodelled house from a Tudor base for Sir RosePrice, a West Indian Sugar planter. The house waspurchased by the Bolitho family, bankers and mineowners. Again remodelled in 1897. Owned by theNational Trust since 1961.

488University Life Assurance Society, £100 share,1825, no.1105, attractive coats of arms of Oxford andCambridge Universities at top, medallion andscrollwork left, black, on vellum, ink cancellation topleft, good very fine and scarce.

£200-250

MINING AND OIL489Cornwall & Devon Mining Directory, compiled byJ. Williams, new edition, Hayle 1870, 101 pages plusseveral pages of advertisements at the rear, smallformat, rebound in leather and board, lists the biggermines by District with names of officers, workingarrangements etc., fine condition and a scarce work.

£150-180

490Snell’s Wheal Brothers Silver, Lead & CopperMine, Cornwall, certificate for [5] shares, 183[6],no.2396-2400, attractive black printing, on vellum,minor toning, slightly grubby at extreme left but veryfine and rare being the first time offered at auction.

£120-150

491“Shell” Transport & Trading Co. Ltd., bearercertificate for 5 ordinary shares of £1, 19[27],no.337612, brown with green underprint, 20 ordinaryshares of £1, 19[36], no.279449, blue, and aregistered certificate for ordinary stock, 19[58], blue,all with vignettes of oil storage tanks, with tanker toleft and oilfield to right, the first two hole cancelled,generally very fine. (3)

£80-100



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COMMERCIAL & INDUSTRIAL

492Anti-Dry Rot Company, two shares of £25 each,London 1836, numbers 4373 and 4374, blackprinting on vellum, 4 pages, cut a little close at left,good very fine and rare.

£100-150

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

493Gas Light and Coke Company, £50 share, 181[2],no.1924, black printing, on vellum, red seal at left,signed by the secretary, good very fine.

£100-120

494Gas Light and Coke Company, £50 share, 181[3],no.2935, black printing, on vellum, red seal at left,signed by the secretary, very fine.

£100-120

495General Electric Co. Ltd., ‘B’ preference shares,19[32], no.14042, large format piece with ornateborder, GEC logo at top, ‘Electricity’ at left, pink andblack, very fine, not cancelled, scarce.

£60-80

496Harrogate Public Rooms Co. Ltd., certificate forone share, 186[2], no.750, lovely vignette of theclassical style building at top, black with pink-greyunderprint, embossed seal also depicts building, hasbeen cancelled by cutting out of signatures andshareholders name, edge tear at top, about very fine andrare, first time seen at auction.

£60-80



119

497W.N.White & Co. Ltd., 6% preference shares,189[7], no.63, very attractive piece printed byWaterlow Bros & Layton, steamship at top, fruit toleft, steam train at bottom, mauve with greenunderprint, together with China, Liberty Loan, 1937,$5 and $10 bonds, and other certificates (12),including Silver King Mining Co. (OR), 25c shares,1910, those mentioned very fine or better, the remainderwith some condition problems. (15)

£80-100

W.N.White & Co. Ltd., fruit importers.

498West Middlesex Water Works, £100 share, 1813,no.3910 together with scrip receipt for one share,1810, no.1558, share printed in black on vellum withlarge red seal, scrip on paper, share good very fine, scripsplit at folds fine. (2)

£60-80

499The Stock Exchange Year-Book 1912, by ThomasSkinner, LII + 2098pp + L plus adverts, originalembossed cloth covered boards, gilt lettering, a littlerubbed, small split on spine, completely disbound butotherwise in good condition.

£60-80

500The Stock Exchange Year-Book and OfficialIntelligence for 1919, 1928 and 1936, by ThomasSkinner, LIV + 2096pp, CLX + 2082pp and CCXX +3488pp plus adverts, original embossed cloth coveredboards, gilt lettering, all completely disbound butotherwise in good condition. (3)

£100-120

IRELAND

501Irish Government Life Annuities, a 6% debenturecertificate for £100, 3rd Class, Dublin 1774, no.633,black printing with manuscript insertions of the holderand, in this case, his eldest daughter, aged 3, three foldswith very minor separation at the edges, about very fineand scarce. [R9]

£300-400

502Republic of Ireland, an interesting fund raising bondfor $10, 1920, no.33300, facsimile signature ofEamon de Valera as President, ornate border, greenand black, together with a letter from the AmericanCommission on Irish Independence enclosing this andthe next numbered bond, only fine but scarce andespecially so with the letter. (2)

£200-250



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503Waterford and Limerick Railway Co., £50 shares,184[5], company seal at top, blue, together with otherIrish certificates comprising Connemara Mining Co.of Ireland, 5 shares of £1, London 1852, blue (2);Glenaulin & Carivilleen Mining Co. of Ireland, 5shares of 10 shillings, London 1852, black (2);Electric Telegraph Co. of Ireland, 5 shares of £1,185[2], black; Holyford Copper Mining Co. Ltd., 5shares of £1, 186[4], black, and Waterford,Dungarvan and Lismore Railway Co., 5% guaranteedpreferred shares of £10 each, 187[6] (2) and 18[86](this one damaged where mounted previously), a couplewith very light marking, otherwise good very fine, lastthree very fine and fine (as noted). (10)

£100-150

504Waterford, Wexford, Wicklow & Dublin Railway,scrip certificate for 10 shares of £20, no.70751-70760,1845, scrollwork at left, green, good very fine.

£80-100

505West Cork Mining Company, £50 share, London[1836], no.1895, ornate scrollwork at left, printed inblack on vellum, good very fine.

£50-60

LATIN AMERICA

MIXED LOTS506A collection of Latin American certificates (19),comprising, Mexico, Puebla de Zaragoza, $100 and$500 (2), 1907, Bolivia, 1872 Loan, £100 and £500,Honduras, 1869, Banco Portuguez e Brazileiro,Argentina, Plantaciones del Nord Este Argentino,1927, English Bank of the River Plate Ltd.,promissory notes, 1892, etc., generally fine to very fine,a few with repairs, a useful lot. (19)

£120-150

507A group of certificates of British Companiesoperating in South America comprising Patara SilverLead Mining & Smelting Co. Ltd., £10 deferredshares, 18[73], 10 examples; Copiapo Smelting Co.Ltd., £10 share, 1857; Tocopilla Copper Mining &Smelting Co. Ltd., £1 shares, 18[88]; Pataz & ParcoySyndicate Ltd., 5 shares to bearer of £1, 191[1], red;Leonor Nitrate Co. Ltd., £100 debentures, 1908, 5examples; Lagunas Nitrate Co. Ltd., bearer warrantsfor 1 share of £1, 1894 and 1906 (4 examples); DeMello Brazilian Rubber Co. Ltd., £1 ordinary shares,190[6]; Central Chili Copper Co. Ltd., £1 shares,19[10], and others (6), generally very fine to extremelyfine. (31)

£150-200

ARGENTINA

508Argentine Republic, Province of Entre Rios, 18866% External Loan, a specimen bond for £100, fromthe Bradbury, Wilkinson & Co. archive, large format,ornate border, black with green underprint, small holecancels, with coupons, extremely fine.

£80-100



121

509Argentine Railways and Tramways; A colourful lotcomprising Cia Tramways Electricos del Sud, 10shares of 100 pesos, 190[13], electric tram at top;Buenos Ayres Lacroze Tramways Co., ExtensionMortgage debenture for £100, 1910, electric tram attop, also 5% Consolidated Mortgages debentures for£100, 1913 (4 examples), Lacroze in centre withhorse drawn and electric trams either side; ForestalLand, Timber & Railways Co. Ltd., a specimenpreference stock certificate from the Bradbury archive,circa 1910; Anglo-Argentine Tramways Co. Ltd.,unissued £20 debentures, circa 1910 (2 examples),vignette of Congress Hall, Buenos Aires; ArgentineRailway Co., bearer warrant for preference shares,1912 (2 examples); Chemin de Fer dans la Province deBuenos Ayres, 500 franc bond, Paris 1919, andcertificates for original subscription for shares, 1905and 1906, printing variety, a useful lot in very fine andbetter condition. (14)

£100-150

510Banco Constructor de la Plata, a group of 4 bondsfor 10 pesos, Buenos Aires 1888, attractive black andblue printing, together with other Argentine financialcertificates comprising Banco de Credito-Real, 1 shareof 100 pesos, 188[7], this cut cancelled, blue, andanother for 2 shares, 188[7], yellow; Banco AgricolaComercial del Rio de la Plata, 10 shares of 50 pesos,188[8], attractive vignette, blue; La Previsora CiaNacional de Seguros, 10 shares of 10 pesos, 1913,allegorical figures, brown and green, and La MundialCia de Seguros, 10 shares of 100 pesos, 192[4], largeformat with globe in centre, red-brown and green, anattractive lot, generally very fine and better. (9)

£100-150

511A collection of locally issued certificates, comprisingS.A. el Negro Animal del Plata, 200 pesos bond, 1878(2 examples), numbers 8 and 9; La CooperadoraArgentina Fabrica a Vapor de Articulos de Metal, 500pesos share, 1889; La Argentina, 1000 peso share,1914 (2 examples), lovely vignette of newspaperprinting press; Cia Metalurgica Argentina, 50 shares of10 pesos, 1903; Malecon y Puerto Norte de BuenosAires, 10 shares, 1889; Cia Argentina de NavegacionMihanovich Ltda., a SPECIMEN bond for £1000,1935 from the Bradbury archives; Ingenio y RefineriaSanta Ana Hileret y Cia., 5 shares of 1000 pesos, 1912(2 examples); Cia Argentina de Comodoro RivadaviaExplotacion de Petroleo, one shares of 100 pesos,1917 (4 examples), oil derrick at top left; Cerrano &Cia, Fabrica de Cales y Materiales de Construccion, 10shares of 100 pesos, 1925 (9 examples), attractivevignette of brick tunnel at left; Manufactura deTabacos Piccardo & Cia, 5 shares of 100 pesos, 1919;Argentine Alparqatas Manufacturing Co. Ltd., £100bond, 1924, SPECIMEN from the Bradbury archive(2 examples), and other certificates (11), 1897 to1919, a fine and colourful lot with several scarce piecesincluded, very fine to extremely fine. (37)

£200-300

512Campos Eliseos S.A., 300 peso share, Buenos Aires18[89], no.0016, lovely vignette in centre depictingthe amusement park built by the company, wingedfemale to the left, black, buff and pink, vertical fold,slight mark at bottom edge, about very fine.

£80-100

BOLIVIA

513Republic of Bolivia, Ferrocarril entre Mejillones yCaracoles, bond for [1000] bolivianos, La Paz 1872,no.42, coat of arms in centre flanked by allegoricalfigures and steam trains, black, yellow underprint,ragged right edge but about very fine and rare.

£120-150



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BRAZIL514Municipality of Para (Belem), 6% Treasury Bill,£10, 1919, attractive green and black printing, withcoupons, extremely fine; together with a group onBrazilian Internal loans comprising ‘Apolice da DividaPublica’, bonds for 1 conto reis, 1911 and 1920, bothof similar design with allegorical figures, green, orangeunderprint, these have been mounted and have remainsof mounts at top and bottom, State of Minas Geraes, 5%Internal Loan, 1934, a group of bonds for 200 milreis,series A, series B (9) and series C (33); State of RioGrande do Sul, 1000 cruzeiros, 1949 (16); FederalDistrict of Rio de Janeiro, 5% Loan, 1904, £20 bonds(2), these with edge damage; and others (3), mostly veryfine and better. (67)

£200-300

515Brazil Railway Company, 41⁄2% First Mortgage GoldBonds dated 1909, £20 (2), one with issue £6 million,the other with £7.5 million, £100 (4), £6 million,£7.5 million (2), and £15 million, £200, £7.5 million,500 francs, £7.5 million, all large format with steamtrain crossing bridge, mauve, blue brown and blue-green respectively; 41⁄2% First Mortgage bond, 1909,500 francs, steam train at top, red; 41⁄2% Gold Bond,500 francs, 1910, steam train at top, brown; 5%Convertible Debentures for £100 and £200, steamtrain at top, brown and green respectively, NOTcancelled which is quite unusual, and, 6% Note 1913,500 francs, green, fine to very fine, some better. (13)

£120-150

516Companhia Leopoldina Estrada de Ferro, bond for200 milreis, Rio de Janeiro 1884, series 3A, steamengine and tender at top left, black with pinkunderprint, with coupons; together with Porto Alegreand New Hamburg Brazilian Railway Co. Ltd., £20share, 1871, scrollwork at left, black; Brazil GreatSouthern Railway Co. Ltd., £100 mortgagedebenture, 1886, black, with coupons; South BrazilianRailways Co. Ltd., first mortgage debenture for £20,1911, large format, ornate border with vignettes ofelectric railway scenes, green and black, hole cancelled;Chemin de Fer Benevente-Minas, ordinary share,1889, brown (6 examples, 1 damaged); other Brazilianrailways (7); Argentine Railway Co., 1912, and agroup of 6 Salvador Railway Co. Ltd., debentures for£100, 1899, red, with coupons, many very fine. (24)

£150-200

517Madeira-Mamore Railway Co., 6% 60-Year FirstMortgage bond, £20, 1910, large format piece withsteam train at top, mauve and black, together with51⁄2% 60-Year First Mortgage bond for £100, 1910,steam train at top, green and black, both withcoupons, printed by Waterlow & Sons; a group of 1stMortgage Cumulative Income bonds, 1922, at 6%,£20 (2) and £100, and 51⁄2%, £20, £100 (2) and £500,and, a printed booklet dated 1878 describing theprogress of the railway being built, 26 pages, papercovers, generally very fine. (10)

£80-100

518Minas Central Railway of Brazil Ltd., £20preference shares, 188[3], no.117, scrollwork at left,ornate border, black, together with First Mortgagedebenture for £100, 1885, no.6, large format piecewith coat of arms in centre, ornate border, black onblue-green paper, with coupons, this with somediscolouration and holes along fold, otherwise very fine.(2)

£80-100

519Porto Alegre and New Hamburg Brazilian RailwayCo. Ltd., £20 ordinary share, 1871, no.585,scrollwork at left, black, attractive embossed seal,extremely fine.

£60-80



123

520Brazilian Tramways; A nice group comprising CiaFerro Carril Carioca, 100 milreis share, 189[901],electric tram crossing bridge, brown, cancelled, filingholes at left; Bahia Tramway Light & Power Co., firstmortgage gold debenture for $100, 1905, Thor attop, ornate border, blue and black, Waterlow printing,with coupons; Manaos Tramways & Light Co. Ltd.,£100 debenture, 1909, electric tram at top, blue andblack, with coupons; Rio de Janeiro SuburbanTramways Ltd., First Mortgage debenture for £20,1911, very large format piece with electric tram at top,green and black, with coupons, and, PernambucoTramways & Power Co. Ltd., £1 ordinary shares,19[28], ornate border, black, generally very fine andbetter. (5)

£100-120

521Manaos Tramways & light Co. Ltd., 5% debenture,£100, 1909, from the Bradbury, Wilkinson & Co.archive, crowded electric tram at top, green and black,with coupons, overprinted SPECIMEN, extremelyfine.

£60-80

522Banco Commercial da Bahia, 100 milreis share,1897, no.49378, Mercury rests by dockside at left,blue, together with Banco Mercantil da Bahia, 100milreis shares, 18[95], no.58190, allegorical figures bycoat of arms in centre, black, both extremely fine. (2)

£80-100

523Banco da Bolsa, 50 milreis share, Bahia 1891,no.14806, ornate border, black, extremely fine.

£60-80



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524Banco do Brasil, Carteira de Colonizacao, 5% bondfor 5000 cruzeiros, Rio de Janeiro 1957, ornateborder of agricultural scenes, red and black, withcoupons, near extremely fine.

£60-80

Despite the value of these bonds being wiped out byinflation there has been much arguement about thevalue and interest. This lot comes with a letter dated1998, assessing the value to be 788 reis. This is also the topdenomination of this issue, the others being 100, 200, 500and 1,000 cruzeiros.

525Banco Mercantil dos Varegistas, 200 milreis share,18[88], no.6972, vignette of coats of arms, beehiveand anchor, scrollwork at left, black, printed byWaterlow & Sons, extremely fine.

£60-80

526Banco Rural e Hypothecario do Rio de Janeiro,200 milreis share, 1862, no.28454, attractiveunderprint of company name and logo, black, greyunderprint, slight spotting but extremely fine.

£60-80

527Banco Uniao do Credito, 200 milreis share, Rio deJaneiro 1890, no.13374, Mercury seated with goodsat dockside, black with brown underprint, extremelyfine.

£60-80

528Brazilian Company, certificate for one share, London1833, #7172, coat of arms top left, black printing onvellum, instalments shown on reverse with printedconditions, extremely fine and rare. [R9]

£300-350

529City of San Paulo Improvements and FreeholdLand Co. Ltd., 6% First Mortgage debenture for £20or 500 francs, 1912, panoramic view of the city, ornateborder, blue and black, printed by Bradbury,Wilkinson & Co., with coupons, together with Portof Para, First Mortgage bond for £20, 1907, largeformat piece showing panoramic view of the city andport; a 5% debenture for 500 francs, 1909, view ofport and city, mauve and black, with coupons; ManaosHarbour Ltd., £100 debenture, 1906, black and £100debenture, 19[11], blue and brown, generally very fineand better. (5)

£100-150



125

530Companhia de Carroagens da Bahia, 50 milreisshare, Bahia 189[2], no.5918, lovely vignette of horseand carriage and other types of wagon, black, extremelyfine.

£60-80

531Companhia Nacional de Biscoutos e Bolachas deBahia, 50 milreis share, 189[3], no.3177, black,together with; Cia. Emporio Industrial do Norte, 200milreis share, Bahia 1921, no.14468, allegoricalfemales at left, green; Empreza Melhoramentos deGoiaz, 1000 cruzeiro share, 19[45]; SociedadeEditora do Brasil, 100 franc share, Paris, 191[0],no.521; a group of Belgian companies operating inBrazil (8), including Mines d’Or du Cerrito, 1901;Mines de Cuivre de Camaquam, 1900 and Mines deManganese d’Ouro Preto, 1899, this with largevignette but cancelled, the first two are extremely fine,the remainder generally very fine and better. (12)

£80-100

532British Companies in Brazil;a small collectioncomprising Rio Grande do Sul (Brazil) Gold MiningCo. Ltd., 1880; Tuberao (Brazilian) Coal Mining Co.Ltd., £10 shares, 18[83]; Brazilian Gold Mines Ltd.,£10 debenture, [1884]; North Brazilian SugarFactories Ltd., £1 shares, 1[900]; Goyaz (Brazil) GoldProspecting Syndicate Ltd., £1 shares, 190[1];Brazilian Extract of Meat & Hide Factory Ltd.,19[03], attractive vignette of bulls head, printed byWaterlow; New North Bahia Ltd., £1 shares, 190[6],with coupons; Dumont Coffee Co. Ltd., £10 shares,19[25], and, Cascalho Syndicate Ltd., £1 shares,19[27], generally very fine and better. (9)

£80-100

533Rubber Estates; A group of British companiesoperating in Brazil comprising Amazonas RubberEstates Ltd., 1 ordinary share, black on pink and 1preference share, black on green, both 189[8], ornateborders, with coupons; Christineville Rubber EstatesLtd., 2/- shares, 19[10], brown, Waterlow printing;De Mello Brazilian Rubber Co. Ltd., 1 share of £1,190[7], green and 5 shares of £1, 190[6], red, thishandsigned by Davison Dalziel as director;Diamantino Rubber Plantations Ltd., 2/- shares,191[0], brown and Para (Marajo) Islands RubberEstates Ltd., 20 shares of 5/-, 191[1], vignetteof natives tapping rubber, green, with coupons(2 examples), generally very fine and better. (8)

£80-100

Davison Dalziel was heavily involved in the motor cabbusiness, owning companies in many major cities ofEurope. He was also married into the Nagelmackersfamily. This company presumably gave him a good supplyof rubber for tyre manufacture.

534Sociedade Editora do Brasil, founders share for 500francs, Paris 190[9], no.01377, vignettes of Rio-de-Janeiro and Lisbon at either side, green, with coupons,small spike hole to left side, otherwise extremely fine.

£60-80



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CUBAx535Ferro-Carril de Guantanamo, a group of certificatesfor one share of 100 pesos, Santiago de Cuba 18[82],steam train at top, allegorical figure at bottom, black,printed in New York, stamped CANCELADO, lightlytoned, very minor ink burning, good very fine. (6)

£120-150

536Eastern Cuba Sugar Corporation, 15-Year 71⁄2%Mortgage Gold Loan, 1922, a group of 8 bonds for$1000, cane fields and loaded wagon with oxen, greenand black, with coupons, fine to very fine. (8)

£80-100

ECUADOR537Guayaquil and Quito Railway Co., a series of noninterest bearing certificates for $100 (2), $500 (2) and$1000 (3), Jersey City 1909, large format, green, blueand red respectively, generally fine to very fine, the lastrare with only 200 issued; together with Sucreries et dela Raffinerie d’Egypte, Soc. Gen., a group of 100franc shares, 1906 (24), ornate border, blue withyellow underprint, with coupons, 9 are damaged withedge tears, the remainder very fine and better. (31)

£80-100

Certificates issued at the rate of $100 for each $1000bond of the company as compensation for loss of interest.Surplus earnings were to be sent to the Corporation ofForeign Bondholders for distribution to certificateholders.

MEXICO538Institution for Encouragement of IrrigationWorks and Development of Agriculture, 35-Year41⁄2% Gold Loan, a set of bonds for $100, $500 and$1000, 1908, large format, Mexican eagle at top,horse and plough to the right, dam to the left, ornateborders, green, orange and olive respectively, withcoupons, very fine or nearly so. (3)

£80-100

539City of Puebla de Zaragoza, 1907 5% Loan, threebonds each for 500 pesos, coat of arms at top, ornateborder, green and black, text in French, English andSpanish, with coupons, one has top left corner torn awayotherwise very fine (3), together with State of Alagoas,5% Gold Loan, 1906, pair of specimen bonds for £50and £100, part of £500,000 loan, dated London1909, ornate scrollwork at sides, coat of arms at top,blue and green respectively, perforated CANCELLEDand stamped with file location on face, with allcoupons, together with coloured map of the State,light toning, very fine and rare. (5)

£80-100

540Mexico Tramways Company, a group of sharewarrants for one share of $100, 19[29], numbers194613 through 194617, attractive pieces printed byWaterlow & Sons with electric tram top left,Government building to right, mauve and black, withcoupons, all about extremely fine. (5)

£80-100

PANAMA541Compagnie Universelle du Canal Interocéaniquede Panama, 3% bond, Paris 1884, a group of 9certificates, standard format of respesentations ofNorth and South America joining hands across thecanal, green, with coupons, three with some creasesotherwise very fine to good very fine. (9)

£150-200

542Fort Bowen New Company Ltd., 5 shares of £1, 15shillings paid, 1856, black printing, red seal, fine tovery fine and scarce. (4)

£120-150

A reorganisation of the Fort Bowen Gold & SilverMining Co. formed some years earlier. Mines in theprovince of Veraguas which was then in Colombia but isnow a central province of Panama since the country wasformed in 1903.



127

PERU

543Peru, Ministry of Finance of the PeruvianCongress, 5% loan, Lima 1823, black printing withmanuscript insertions, seal of the Ministry of Financeat top, some damp damage at bottom right but fine andscarce.

£160-200

The Peruvian Congress was organised in 1822 namingSimon Bolivar as dictator of the fight for Independencefrom Spain.

544Callao & Lima, & Pacific Coast Railway Co., a setof three certificates for 20, 10 and 5 shares of £10each, £1 paid per share, no’s.42, 333 and 313, notdated but circa 1845, scrollwork at left, green, blackand blue respectively, all with mauve underprint,together with a miscellaneous collection of Europeanand Colonial companies, many with duplication,mostly early 1900’s including; CompagnieImmobilière de Dusseldorf, 100 franc share (5), Paris1905, ornate border, red and blue; CompagnieFrancaise des Chocolats et des Thés L. Schaal & Cie.,500 franc share (4), Strasbourg 1927, allegoricalfigures in centre, brown and yellow; CompagnieGénérale des Tabacs, 100 franc preference share (7),Paris 1927, plantation at top and ornate border, blue;Societate Anonima Romana Pentru DesvoltareaIndustrie Miniere, 10 shares of 500 lei each (3),Bucharest 1923, very ornate border of allegoricalfigures and mine workings, brown and black;Motocyclettes et Automobiles “Viratelle”, 100 francshare (2), Lyon 1920; Société Immobilière de laGrande Plage d’Hyères, 100 franc share (2), 1927;Société des Plantes à Parfums de Madagascar, 100franc share (9), 1927; La Kotto, 500 franc share,1907, and others (25), listed items mostly good veryfine, others very fine, a few with filing holes, many withlight creasing. (61)

£100-150

545Banco Peru y Londres, a specimen 8% mortgagebond, series D, for P£200, circa 1900, from theBradbury, Wilkinson & Co. archives, lovely vignette ofsteamships, allegorical figure to left, blue and black,with coupons, overstamped SPECIMEN, almostextremely fine.

£60-80



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546Banco del Peru y Londres, 8% mortgage bond for100 libras, 1-, circa 1900, series E, a specimen fromthe Bradbury, Wilkinson & Co. archive, steamship attop, ornate border, turquoise and black, with coupons,numbered 0000 in red, small hole cancels, very fine.

£60-80

547Peruvian Mining Company, one share, London1825, no. 4581, issued to David Barclay Chapman,Banker, ornate scrollwork at left, black printing,extremely fine.

£60-80

Also known as the Pasco Peruvian Mining Company,this was formed with a capital of £1 million in shares of£100 of which only £5 was paid up as a deposit. The largenumber of companies formed in 1824 and 1825 gave riseto the Joint Stock Companies Act of 1826 which madetheir formation more difficult (and expensive). Thiscompany in particular was the subject of aParliamentary Bill, read twice in 1825. The District ofPasco possessed great deposits of silver and many smallmines were operating during this period.

URUGUAY548Banco Agricola Ganadero, 100 peso share,Montevideo 19[24], no.1892, large format piece withlarge vignette of farm and animals, ornate border,brown and blue, adhesive duty stamp, very fine.

£50-60

VENEZUELA

549Orinoco Steam Navigation Company of NewYork, certificate for one share of $1000, 185[1],no.78, paddle steamer and wagon & horses at top,allegorical figures at bottom, black, red underprint‘1000’, good very fine but some ink burning through thesignatures.

£120-150

Chartered in 1848 the company ran steamers around thecoast and the rivers of Venezuela. In November 1865after agreeing to carry Venezuelan troops, the steamshipApure, the company’s only vessel at the time, wasattacked by rebels and several of the officers killed.Because the company and its officers were American, thiscaused a great deal of diplomatic correspondence whichwas only closed in 1885!

WEST INDIES550Western Jamaica Connecting Railway from OldHarbour to Savannah-La-Mar & Montego Bay,pair of scrip certificates for 10 and 20 shares of £25,deposit of £1 7s 6d per share, London 1845, no.7361-70 and 3761-80, Jamaican coat of arms in centre,scrollwork left, orange and brown respectively,extremely fine. (2)

£80-100



129

RUSSIA

MIXED LOT551A group of Russian certificates (36), a few late 19thcentury but the majority are early 20th century,including; Russko-Gollandski Bank, 1916; UnionBank, 1909; St. Petersburg Joint-Stock CommercialBank, 1910; Compagnie Centrale D’Electricite deMoscou, 1899; Etablissements Industriels deBerdiansk ‘John Greaves & Co.’, 1899; Tramways deSimferopol; Russian Collieries Co., 1902, and LesAteliers Franco-Russes, 1895, generally very fine, somebetter. (36)

£120-150

STATE LOANS

5521822, 5% ‘Rothschild’ loan, bond for 720 roubles or£111, handsigned by Nathan Meyer Rothschild asContractor, double headed eagle at top, black, onpoor quality paper, with talon, folds but very fine andclean for issue.

£100-120

5531822, 5% ‘Rothschild’ loan, bond for 720 roubles or£111, handsigned by Nathan Meyer Rothschild asContractor, double headed eagle at top, black, onpoor quality paper, with talon, folds but very fine andclean for issue.

£100-120

5541822, 5% ‘Rothschild’ loan, bond for 720 roubles or£111, handsigned by Nathan Meyer Rothschild asContractor, double headed eagle at top, black, onpoor quality paper, with talon, folds but about very finefor issue.

£100-120

5551822, 5% ‘Rothschild’ loan, a group of bonds for720 roubles or £111 (4), handsigned by NathanMeyer Rothschild as Contractor, double headedeagle at top, black, on poor quality paper, with talons,all with folds and some tape repairs, fair to about fine.(4)

£200-300

5561822, 5% ‘Rothschild’ loan, a large group of bondsfor 720 roubles or £111, handsigned by NathanMeyer Rothschild as Contractor, double headedeagle at top, black, on poor quality paper, with talons,all with folds and splits at edges but no tape repairs, fineand better. (18)

£800-1,000

5571822, 5% ‘Rothschild’ loan, a group of bonds for720 roubles or £111, handsigned by Nathan MeyerRothschild as Contractor, double headed eagle attop, black, on poor quality paper, with talons, all withfolds, splits at edges and tape repairs, poor to fine. (14)

£300-400

5581822, 5% ‘Rothschild’ loan, a group of bonds for960 roubles or £148 (8), handsigned by NathanMeyer Rothschild as Contractor, double headedeagle at top, black, on poor quality paper, with talons,mostly with some tape repairs, fair to fine. (8)

£250-350

5591822, 5% ‘Rothschild’ loan, a group of bonds for960 roubles or £148 (6), handsigned by NathanMeyer Rothschild as Contractor, double headedeagle at top, black, on poor quality paper, with talons,mostly split along folds a couple completely separated,some tape repairs, poor to fair. (6)

£250-300



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CITY LOANS560A collection of Russian City Loans, comprisingBaku, £100; Ekaterinoslaw, 1911, 187.50 roubles;Kharkov, 1911, 187.50 roubles and 937.50 roubles;Kieff, 1909, 187.50 roubles, 1914, £20 and £100;Koursk, 1899, 100 roubles; Kovno, 1904, 100roubles, lacks coupons; Moscow, series XXXI, 1901,series XXXIII, 1901, 500 roubles, 1908, 187.50roubles, 1909, 187.50 roubles, 1910, 100 roubles;Nikolaef, 1912, 1st issue, £20 and £100, 2nd issue,£100; Odessa, 1902, 100 roubles; Poti, 1900, 100roubles; Pskov, 1909, 100 roubles; St.Petersburg,1913, 945 roubles, scrip certificates for £20 and £100;Saratof, 1896, 100 roubles, lacks coupons, 1909,937.50 roubles; Sebastopol, 1910, 187.50 roubles;Tiflis, 1910, 187.50 roubles; Vilna, 1912, 189roubles; Yalta, 1911, 500 francs, many very fine andbetter and useful starter collection. (29)

£300-400

x561City of Baku, 5% Loan, 1910, a group of 100 bondsfor £20, ornate borders, coat of arms at top, brown,with coupons, generally very fine. (100)

£150-200

562City of Kieff, XXIII 5% Loan, 1914, bond for £100,no.12684, City arms at top, ornate border, mauve andbrown, with coupons, some repaired edge tears, fine tovery fine and scarce issue.

£60-80

563City of Koursk, 41⁄2% Loan, 1899, bond for 100roubles, no.1009, City arms at top, brown and black,with coupons, about extremely fine.

£60-80

564City of Kovno, 5% Loan, 1904, bond for 100roubles, no.0977, ornate border, brown and black,with coupons, good very fine.

£80-100



131

565City of Moscow, a group of bonds comprising seriesXXXI, 100 and 500 roubles, series XXXII, 100 and500 roubles. series XXXIII, 100 and 500 roubles, thelast lacking coupons, series XXXVI, 500 roubles, thislacking coupons, and, series XXXIX, 500 roubles, allwith city arms at top, brown and blue, with couponsunless stated, generally very fine and better. (8)

£150-200

566City of Moscow, 5% Loan 1908, a group of bondsfor £500 (4), creased with some edge tears and a smallamount of paper loss, fair to fine, £100 (8) and £20(13); City of Kieff, 5% Loan, 1914, bonds for £20 (4);City of St.Petersburg, 41⁄2% Loan, 1913, £100 (2), andCity of Baku, 5% Loan, 1910, £20 bonds (10), mixedcondition but many are very fine and extremely fine.(41)

£180-220

x567City of Moscow, 41⁄2% Loan, 1912, a group of 100bonds for £20, large format, ornate border, coat ofarms at top, brown and yellow, with coupons, a fewwith edge nicks, generally very fine and better. (100)

£150-200

568City of Narva, 5% Loan, 1912, bond for 187.50roubles, 500 francs, no.0976, ornate border, City armsat top, brown and black, with coupons, very fine.

£120-150

569City of Nikolaef, 5% Loan, 1912, a group of bondscomprising 1st issue, £20, £100 and £500 and thescarcer second issue, £20 and £100, City arms at top,brown, blue and red, all with coupons, the £500 is poorcondition with pieces missing at the right, the remainderare good very fine and better. (5)

£100-150

570City of Odessa, a small collection comprising, 1893,1000 roubles, 1896, 1000 roubles, and 1902, 100 and500 roubles, all with City arms at top, red, red, brownand blue respectively, all with coupons, generally veryfine and better. (4)

£120-150

x571City of St. Petersburg, 4.5% Loan, 1913, a groupof 76 bonds for £20 (189 roubles) and 68 bonds for£100 (945 roubles), ornate borders, coat of arms attop, green, blue and beige, with coupons, some withedge tears but many very fine and extremely fine. (144)

£250-300

572City of Saratoff, a group of bonds comprising 1896,100 roubles, 1909, 937.50 roubles and 1915, 500roubles, all with city arms at top, brown, mauve andgreen respectively, the first and third lack coupons,very fine and better. (3)

£150-200

RAILWAYS573Russian Consolidated Railroad Loan, a series of3125 rouble bonds of the 1st series, 2nd series and 3rdseries (2), smaller denominations (5); together withother miscellaneous Russian bonds (34), someduplication, mixed condition, many fine and very fine.(43)

£120-150

x574Armavir-Touapse Railway Company, 41⁄2% Loan of1909, a group of 150 bonds for £20, ornate border,brown and yellow, with coupons, very fine to extremelyfine. (150)

£200-300

x575Black-Sea-Kuban Railway Company, 4.5% Loan,1911, a group of 77 bonds for £20, ornate border,orange, text in English and Russian, with coupons afew with edge tears and damage but the majority arevery fine to extremely fine. (77)

£120-150



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576Black-Sea-Kuban Railway Company 41⁄2% Loan,1911, bond for £500, no.C39996, of only 400issued, ornate border, green, text in English andRussian, with coupons, good very fine.

£120-150

x577Dvinsk Vitebsk Railway, 4% Loan, 1894, a group of57 bonds for 125 roubles, arms at top, ornate border,red and black, with coupons, generally very fine andbetter. (57)

£80-100

x578Kahetian Railway Company 41⁄2% Loan 1912, agroup of 99 bonds for £20, and 80 bonds for £100,ornate borders, brown and blue respectively, withcoupons, some with tears but most are very fine andextremely fine. (179)

£300-400

x579Kokand-Namangan Railway Company 41⁄2% Loan,1910, a group of £20 bonds (67), ornate borders,brown and black with coupons, a few with edge tearsbut mostly very fine to extremely fine. (67)

£120-150

580Moscow-Windau-Rybinsk Railway Company, 4%Loan of 1899, bond for £500, St. Petersburg 1899,no.1204, ornate border, red and black, together withImperial Government of Russia, Consolidated 4%Railroad bonds, series 1 and 2, both the scarce highdenomination of 3125 roubles; Moskau-Kiew-Woronesch Railway (3), Moscow 1909; Kursk-Charkow-Asow Railway, St. Petersburg 1889 (4);Russian 41⁄2% State Loan of 1909; and City of MoscowLoan of 1908, £20, all with coupons, some with slightedge damage otherwise about very fine. (12)

£80-100

x581Russian South-Eastern Railway Company 41⁄2%Loan, 1914, a group of 79 bonds for £20 and 76bonds for £100, ornate borders, brown and bluerespectively, with coupons, mostly very fine to extremelyfine. (155)

£300-350

x582Troitzk Railway Company, 41⁄2% Loan, 1910, agroup of 95 bonds for £20, ornate border, brown, textin English and Russian, with coupons, mostly very fineto extremely fine. (95)

£150-200

x583Troitzk Railway Co., 41⁄2% Loan, 1913, a group of150 bonds for £20, ornate border, brown and black,with coupons, generally extremely fine. (150)

£200-300



133

584Troitzk Railway Company, 41⁄2% Loan, 1913, bondfor £500, no.C61442, ornate border, red and black,with coupons, tiny edge tear, extremely fine.

£60-80

585Wladikawkas Railway Company, 4% Loan, 1900,bond for US$1000, St.Petersburg, no.6523, ornateborder, red and black, with coupons, text in Englishand Russian, edge tears on centre fold, fine to very fineand scarce.

£60-80


586Hotel d’Europe, 10 shares of 100 roubles, 1873,no.3471-3480, attractive vignette of Hotel at top,ornate border, black with pink underprint, withcoupons, about extremely fine and rare. [R9*]

£500-600

587Mechanische Holz-Bearbeitung A. M. Luther, 250rouble share, Reval 1898, no.3011, ornate border,blue and black, no coupons, extremely fine and rare.[R8]

£300-400



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x588Russisk-Norsk Skogindustri, 1,000 rouble share,1916, no.0158, ornate border, black and green, text inRussian and Norwegian, with coupons, very fine.

£80-100

589Société de la Manufacture de Soieries a Moscow,250 rouble share, first issue 1896, no.00935, ornateborder, black and brown with blue underprint, withtalon, good very fine.

£80-100

590Société de la Manufacture de Soieries a Moscow,250 rouble share, second issue 1912, no.12544, ofonly 2600 issued, ornate border, black and brownwith blue underprint, with talon, about extremely fine.

£120-150

591Société de la Manufacture de Soieries a Moscow,250 rouble share, third issue 1915, no.15853, ornateborder, black and brown with blue underprint, withcoupons, extremely fine.

£80-100

592Socété de la Manufacture “Emile Zundel” aMoscou, 1000 rouble share, 1894, no.1071, ornateborder, black with green underprint, with talon,extremely fine.

£200-300


Lot 589


135

593Socété de la Manufacture “Emile Zundel” aMoscou, 2000 rouble share, 1904, no.3699, ornateborder, black with green underprint, with coupons,extremely fine.

£200-300

594Sociéte des Conduits D’Eau a Kiew, a group of 13certificates for 100 rouble share, Kiev 1906, ornateborder, green and black, with coupons, all with dampstaining at bottom right and split along fold, otherwisealmost extremely fine.

£250-300

595Societé des Fabriques de Soieries “C. Giraud Fils”,25 shares of 200 roubles, Moscow 1912, no.29901-29925, ornate border, blue with pink and pale blueunderprint, with coupons, good very fine and scarce.

£60-80

596Societé des Fabriques de Soieries “C. Giraud Fils”,25 shares of 200 roubles, Moscow 1912, no.30251-30275, ornate border, blue with pink and pale blueunderprint, with coupons, good very fine and scarce.

£60-80



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597“Ssudowagon” S.A. Russe par Actions pour leDeveloppement et l’Augmentation du Nombre desMoyens de Communication et pour leurexploitation en Russie, 500 rouble share, first series,no.1551, ornate border, blue and black, with coupons,extremely fine.

£60-80

FOREIGN COMPANIES598British Companies operating in Russia, a smallcollection comprising Chatma Oilfield Co. Ltd., 100shares of £1, 19[03], no.5666, orange and black, withcoupons; Ferghana Oil Fields Ltd., 10 shares of £1,19[15], 2 examples, no’s 4439 and 4441, ornateborder, blue and black, with coupons; Gleboff GrosnyPetroleum Co. Ltd., 5 shares of £1, 1920, no.5161,blue, yellow underprint, with coupons, and SpasskyCopper Mine Ltd., 1 share of £1, 19[13], no.48775,allegorical figures, mauve and black, with coupons,very fine to extremely fine. (5)

£60-80

599La Linière de Witebsk, 500 franc share, Belgium1898, no.6422, large vignette at left depicting womanholding Flax stems, linen fabrics and spinning wheelbelow, green with peach underprint, with coupons,extremely fine.

£60-80

600St.Petersburg Land and Mortgage CompanyLimited, a group of 5% debentures for £20 (9) and£100 (3), 19[12], facsimile signature of EvelynHubbard as director, the £20 bonds also withsignature of H. Jekyll as director, lovely city view attop, ornate border, mauve and blue respectively,printed by Waterlow & Sons, with coupons, generallyvery fine or better. (12)

£250-300

A British Company, registered 1911, struck off Register1949. Evelyn Hubbard was an active Russia merchantfrom 1875 and a Director of the Bank of England from1890. Sir Herbert Jekyll (1846-1932), military engineerand civil servant, resonsible for the British Pavilionalong with Sir Edwin Lutyens at the Paris exhibition inLondon. Brother of the famous gardener Gertrude Jekyll.



137

x601Siberian Steamship, Manufacturing & TradingCo., 1,000 krone share, Christiania 1916, no.3556,ornate border with inset vignettes depicting shipping,agriculture, manufacturing and rail transportation,underprint vignette of map, black and green, withcoupons, very fine.

£100-120

UNITED STATES OF AMERICA

TEXAS

602Republic of Texas, 8% Loan, 1840, bond for $100,no.1776, dated at Austin 1841, handsome piece withcattle, paddle steamer and allegorical figure, black,with coupons, cut cancelled, with 3 triangular holes inthe body, toned, two small nicks from top edge, about veryfine; together with State of Louisiana, 1892, $500 and$1000; State of South Carolina, 1874, unissued $500;Russian 3% Loan, 1859, £100; Eclairage Electrique deSt.Petersbourg, 250 franc preference share, 1897, and,3 different certificates of the Chemins de Fer de laBasse-Egypte, mixed condition but many very fine. (9)

£100-150

CONFEDERATE STATES

603A group of more common Confederate bonds(13), comprising Ball 3, 6, 9, 165, 166, 220, 221,261, 266, 280, 296, 309 and 339, all with coupons,generally very fine and better. (13)

£300-350



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604Act of August 1861, a series of 8% bonds,comprising $1000, redeemable July 1866, $100,redeemable July 1869, $500 and $1000, redeemableJuly 1870, $500 and $1000, redeemable January 1871and $100, redeemable July 1871, vignettes of variousConfederate personalities, black, with coupons (Ball41, 54, 58, 62, 65, 66 and 67), generally very fine. (7)

£150-200

605Act of August 1861, 8% Loan, redeemable July1872, set of bonds for $50, $100, $500 and $1000,vignettes of J.H.Reagan, S.R.Mallory, J.P.Benjaminand C.G.Meminger, black, with coupons (Ball 71, 73,74 and 75), generally very fine. (4)

£100-150

606Act of August 1861, 8% Loan, redeemable January1873, bonds for $500 and $1000, vignettes ofJ.H.Reagan and S.R.Mallory, together with 8% Loan,redeemable July 1873, bonds for $100 and $500,vignettes of J.H.Reagan and S.R.Mallory, black, withcoupons (Ball 77, 79, 80 and 81), the third with sometoning otherwise very fine. (4)

£100-150

607Act of August 1861, a series of 8% bonds,comprising $100, redeemable July 1874, $100 and$500, redeemable January 1875 and $100 and $500,redeemable July 1875, vignettes of variousConfederate personalities, black, with coupons (Ball83, 88, 90, 92 and 93), the second with some toningotherwise very fine. (5)

£120-150

608Act of August 1861, 8% Loan, redeemable July1876, set of bonds for $100, $500 and $1000,vignettes of S.R.Mallory, unknown man and GeneralWinder, black, with coupons (Ball 96, 98 and 101),very fine. (3)

£80-100

609Act of August 1861, 8% Loan, redeemable January1877, set of bonds for $100, $500 and $1000,vignettes of Burton Harrison, George W. Randolph,and Jefferson Davis, black, with coupons (Ball 102,104 and 105), together with an interestingcontemporary counterfeit of Ball 106 very fine. (4)

£100-150

610Act of August 1861, 8% Loan, redeemable July1877, set of bonds for $100, $500 and $1000,vignettes of George W. Randolph, Robert Toombsand Burton Harrison, black, with coupons (Ball 107,108 and 110), very fine. (3)

£80-100

611Act of August 1861, a series of 8% bonds,comprising $100, redeemable January 1878, $100 and$1000, redeemable July 1879, $100 and $1000,redeemable January 1880 and $1000, redeemable July1880, vignettes of various Confederate personalities,black, with coupons (Ball 111, 119, 121, 122, 124and 129), generally very fine or thereabouts. (6)

£140-180

612Act of August 1861, 8% Loan, redeemable July1878, set of bonds for $100, $500 and $1000,vignettes of Thomas Bragg, J.P.Benjamin andC.G.Memminger, black, with coupons (Ball 116, 117and 118), very fine. (3)

£80-100

613Act of August 1861, 8% Loan, redeemable July1881, part set of bonds for $100, $500 and $1000(missing the $50), vignettes of Edward C. Elmore,J.P.Benjamin and C.G.Meminger, black, withcoupons (Ball 133, 134 and 135), very fine. (3)

£80-100

614Act of February 17th 1864, registered stockcertificate, 1864, for [$5000], in the name of“W.C.Bee Prest. Imp & Exp. Co. of S. Ca. & hissuccefsors in office”, vignette of Confederateironclad CSS Virginia, sinking USS Cumberland,black, embossed seal (Ball 294), good very fine andrare.

£250-300



139

The Importing and Exporting Company of SouthCarolina was one of the most successful of theConfederate blockade runners making huge profits forits many shareholders.

615Act of April 12th 1862, 8% loan, $500, vignette ofMeminger with a large view of the Battle of Shiloh,black, with coupon (Ball 148), together with Act of17th February 1864, 6% non taxable certificate for$1000, short transfer form on reverse (Ball 367), bothvery fine. (2)

£100-150

616Confederate States of America, Fraser, Trenholm& Co., bond for $50, no.B1338, signed byTheodore D. Wagner and William L. Trenholm,black, with coupons, extremely fine.

£60-80

Financier of many Confederate blockade runners.Trenholm (1807-1876) also served for a while as CSASecretary to the Treasury.

TURNPIKES

617Manheim, Petersburg and Lancaster Turnpike orPlank Road Co., $25 shares, 185[2], no.11, smallstage coach at top, ornate border, black on blue-greypaper, very fine.

£60-80

618Philadelphia and Lancaster Turnpike Road, oneshare, Philadelphia 179[5], no.630, signed byWilliam Bingham as President, wagon and horsesapproach toll house and gates, black printing onvellum, embossed seal, nice clean condition, very fine.[R4]

£300-400



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£300-400


£300-400

RAILROADS621A collection of Railroad (111) and Mining (35)certificates, 1860’s to 1970, contained in SAFEGIANT blue album and sheets, with slipcase, someduplication and some unissued, many cancelled, notedis a certificate for $50 shares in Camden, Gloucesterand Mt.Ephraim Railway, 18[75], black, red seal,steam train at top; Chicago & Alton Railroad, $1000bonds, 1899 (7 examples); Joplin and PittsburgRailway Co., $1000, 1913, vignette of electric tramcarand Toledo, Ann Arbor & Mt.Pleasant Railway Co.,$1000, 1886 (2 examples), mixed condition but mostlyvery fine and better. (146)

£300-400

622A collection of American Railroad stocks andbonds, approximately 213, no duplication, manyunissued and many cancelled, 1850’s to about 1970but not too many modern, some better pieces notedincluding Shenandoah Valley Railroad Co., $1000,1879; Chicago & Northern Pacific Railroad Co., 100shares, 189[0]; Atchison & Nebraska Rail Road,18[79]; East Tennessee, Virginia and Georgia RailwayCo., 188[6], and 4 different types of the Denver &Rio Grande Railroad Co., 1902 (2), 1911 and 1914,well worth a look some are scarce, generally in bettercondition, very fine plus. (approx 213)

£500-600

623Manual of the Railroads of the United States,1883, by Henry V. Poor, 80 pages adverts + contents,cviii introduction, 1055 pp plus 135 pages adverts atthe rear, with maps and plans, bound in green cloth,good condition.

£100-120

624Poor’s Manual of Railroads, 1919, xvi adverts, 68 +12 +32 pages index + contents, cviii introduction,2088 pp, with maps and plans, bound in green cloth,together with a reprint of the rare edition for 1860, byKelley Reprints, 1970, cloth binding, good condition,the second excellent. (2)

£80-120

625Pine Creek Railway Co. (formerly Jersey Shore,Pine Creek and Buffalo Railway Co.), firstmortgage 6% registered bond for $1000, 18[85],no.745, signed by W. K. Vanderbilt and ChaunceyDepew as Trustees, ‘Justice’ at top right, farmerseated on stile at top left, small steam train at bottom,brown and black, small hole cancels, about extremelyfine.

£80-100



627International Mercantile Marine Co., commonstock trust certificate for 10 shares, 19[02], no.B1387,issued to John S. Ismay and signed by him on thereverse, signed ‘J.P.Morgan & Co.’ as the trustees,4 funnel steamship at top with tugboats, steel blue,endorsement over top half of the vignette, stampedand hole cancelled, very fine.

£60-80

It is probable that John Ismay was the younger brother ofThomas Henry Ismay, owner of the White Star Line ofTitanic fame. Therefore uncle to J. Bruce Ismay, one ofthe trustees to this issue, and a survivor of the Titanic’smaiden voyage in 1912. Little information is availableabout John.

628International Mercantile Marine Co., commonstock trust certificate for 10 shares, 19[04],no.B14261, issued to Sir Christopher Furness,M.P. and signed by him on the reverse, signed‘J.P.Morgan & Co.’ as the trustees, 4 funnelsteamship at top with tugboats, steel blue,endorsement at top, stamped and hole cancelled, veryfine.

£60-80

Sir Christopher Furness, 1852-1912, shipowner since1877, began shipbuilding with Edward Withy & Co.and merged with them in 1891 to form Furness, Withy& Co. which became the main employer in Hartlepool.Finally closed in the 1980’s. He was knighted in 1895and became Baron Furness in 1910.

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AMERICAN EXPRESS

626American Express Company, $100 shares, 18[73],no.11374, capital 180,000 shares, signed by WilliamG. Fargo as President and Alexander Holland asTreasurer, head of dog in centre, ‘Safety & Dispatch’under, black with yellow brown underprint, stampedCANCELLED, very fine.

£120-150

OWNERS OF THE WHITE STAR LINE


630Ringling Bros. - Barnum & Bailey CombinedShows Inc., a specimen certificate for less than 100shares, circa 1970, from the ABNCo. archives, acolourful piece with pink border, clowns, circusanimals and various performers around border,overprinted SPECIMEN in red, extremely fine.

£100-120

631Simsbury Agricultural Society of Simsbury,Connecticut, $10 shares, 189[1], no.36, attractivevignettes of animals, equipment and exhibitionground, green; together with Musselshell Sheep Co.(MT), $500 shares, Oka, Meagher Co., Montana189[1], no.102 of only 600 shares, ornate border,rams head in centre, blue, red and black, both very fineand scarce. (2)

£60-80

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629Pitcairn Aeronautical Corporation (DE), certificatefor [200] shares, 19[33], no.33, issued to ThePitcairn Company, signed by Harold F Pitcairn asPresident, eagle at top, ornate border, green andblack, neat hole cancels, counterfoil reglued at left,extremely fine.

£80-100

Pitcairn Aviation, founded by Harold Pitcairn, was animportant early manufacturer of fixed wing aircraft,air services operator, and a pioneer in helicoptertechnology. In partnership with Spaniard Juan de laCierva, Pitcairn developed the Autogiro. Civilian andmilitary aircraft production continued through WW2.



143

EGYPT & SUDAN

632Egypt: Nile Valley Co. Ltd., £1 shares, fully paid,190[6], no.4733 together with Nile Valley (New) Co.Ltd., £1 shares, 18 shillings paid, 190[6], no.309, andNile Valley Gold Mining Co. Ltd., £1 shares, 18shillings paid, 19[08], no.332, all have the samevignette of the Um Garaiart Mine and scrollwork atleft, green printing, the second on green paper, the lastwith gold seal, very fine or thereabouts. (3)

£80-100

633Um Rus Gold Mines of Egypt Ltd., £1 shares, partpaid, 190[5], no.932, together with Egyptian Gold &Gem Syndicate Ltd., £1 shares, part paid, 190[5],no.281; Nile Valley Block E Ltd., £1 shares, fully paid,190[5], no.477; Egyptian Mines Exploration Co.Ltd., £1 shares, 20 shillings paid, 19[01], no.188, andStar Development Mines Ltd., 4 shilling shares, fullypaid, 192[0], no.397, generally very fine and aninteresting lot. (5)

£100-120

634Sudan Gold Field Ltd., £1 shares, part paid, 190[5],no.719, blue, together with Sudan Gold Field Co.Ltd., 10 shilling shares, 7 shillings paid, 1909, no.225,brown on blue, and, Sudan Exploration Ltd., 10shilling shares, fully paid, 190[17], no.1885, brown,generally very fine, all quite scarce. (3)

£60-80

MOZAMBIQUE635Mozambique: Companhia de Moçambique, 4500reis shares, [1895], no.18179, large format, red,perforated CANCELLED, together with other localcompanies Companhia das Minas de Ouro deMacequece, 4500 reis shares, [1900], no.1038, ornateborder, black and Companhia Portugueza de Minasd’Ouro de Manica, 5 shares of 4500 reis, 1899 andanother with increased capital dated 1901, map of theregion at top, blue, with coupons, very fine and better.(4)

£60-80

636Mozambique: A good collection of BritishCompanies operating in Mozambique, comprisingGold Fields of Mozambique Ltd., £1 shares, part paid,18[96], no.705, blue; Mozambique ConsolidatedMines Ltd., 10 shilling shares, fully paid, 189[8],no.382, gold printing with red seal; MozambiqueMacequece Ltd., 10 shilling shares, part paid, 190[1],no.118, blue and another, after reconstruction, for 10shilling shares, part paid, 190[3], no.134, red; NewGold Fields Syndicate Ltd., 5 shilling shares, fully paid,1896, no.488, black; Pardy’s Mozambique SyndicateLtd., 10 shilling shares, 10 shillings paid, 1895,no.1624 and another with capital overprinted anddated 1897, black, and Premier Concessions ofMozambique Ltd., £1 shares, part paid, 189[3],no.326, capital £100,000, and another dated 189[7],no.160 with capital now £150,000, black, fine to veryfine. (9)

£100-150


THE PETER DUPPA-MILLER COLLECTION OFWORLD GOLD MINES

Peter Duppa-Miller, sadly died in May this year at the age of 80. His working life was in the Navy where he retired as aSubmarine Commander. He remained very active after retirement and was heavily involved in his Parish Council and otherlocal affairs. He was an inveterate collector with wide and disparate interests from 18th century glass to Japanese swordfittings! Peter became interested in Bonds and Shares after a visit to the barbers in the 1980’s! He read an article in amagazine that was in the waiting room and this fired his imagination and interest. After dipping into the traditionalthemes of Russian Cities and Confederate bonds he finally decided on Gold Mines. This became a time consuming passionand he was soon elected to become Secretary of the International Bond & Share Society in 1988. Peter later becamemembership Secretary in 1996 and then Chairman in 2000 until 2005 when his local interests proved too time consumingto do both.

The following 175 lots only represent a small part of the collection, the remainder of which will be offered by us intwo more auctions next year. A couple of the countries, such as New Zealand, are presented here almost in their

entirety but other countries such as Australia, South Africa and the United States are represented by a small offering towhet the appetite. Imagine a collection of over 800 Cripple Creek mines to come…

AFRICA


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RHODESIA637Antenior (Matabele) Gold Mines Ltd., £1 shares,part paid, 189[9], no.752, black, together with £1shares, fully paid, [1899], no.772, blue, capital£120,000, no printers imprint, and another dated[1903], with capital now £150,000 and with printersimprint, generally about very fine. (3); together withother Matabeleland companies comprisingColenbranders Matabeleland Development Co. Ltd.,£1 shares, £1 paid, 189[9], no.4460, and anotherdated 1[902], no.6493; Goldfields of MatabelelandLtd., £1 shares, fully paid, 19[03], no.8953;Matabele-Sheba Gold Mining Co. Ltd., £1 shares,fully paid, [1902], no.FP795; Prospectors ofMatabeleland Ltd., £1 shares, fully paid, 189[6],no.1208, and Somerset (Matabele) Development Co.Ltd., £1 shares, fully paid, [1903], no.FP1298, fine togood very fine. (9)

£140-180

638Ayrshire Gold Mine & Lomagunda Railway Co.Ltd., £1 shares, part paid, 19[04], no.812, capitaloverprinted £550,000 at top, green, together withAyrshire Gold Mine Ltd., £50 debenture, 1908,no.463, large format, vignette of mine at top, good fineand good very fine. (2)

£60-80

639Rand-Rhodesia Exploring Co. Ltd., £1 shares, fullypaid, 189[5], no.1224, signed by Hon. John ScottMontagu, eldest son of the 1st Baron Montagu ofBeaulieu; Gwelo (Matabeleland) Exploration &Development Co. Ltd., 10 shilling shares, 7s 6d paid,18[95], no.2092; Rhodesia Gold Reefs (Purdon’s)Ltd., £1 shares, 15 shillings paid, 189[5], no.71, andBrand-Kumalu Syndicate Ltd., £1 shares, fully paid,[1895], no.FP19 and £1 shares, 7s 6d paid, [1896],no.325, the second with filing holes otherwise very fine orthereabouts. (5)

£100-120

640Rose of Sharon and Shamrock Gold Mines Ltd.,£1 shares, 12/6d paid, 190[1], no.120, another but£1 paid and dated 191[0], no.1638 and Rose ofSharon and Shamrock Gold Mines (1911) Ltd., £1shares, 17s 3d paid, 191[1], no.1403, together withtwo certificates of special registration issued at theMines Office in Gwelo, dated 1901, showing claimson the Shamrock Reef, and good hand drawn plans ofthe two claims, generally very fine, the last two veryrare. (5)

£60-80

641Selukwe: Selukwe Consolidated Ltd. (Rhodesia),£1 shares, 20s paid, 189[5], no.1022, together withother companies operating in Selukwe comprisingSelukwe Development Syndicate Ltd., £1 shares, fullypaid, 189[6], no.638; Wanderer (Selukwe) GoldMines Ltd., 5 shilling shares, fully paid, [1910],no.6277, and, Selukwe Columbia Gold Mine Ltd., 5shilling shares, fully paid, 19[13], no.1590, the firstwith annotation on face and filing holes at top, thesecond with uneven left edge, the third extremely fineotherwise very fine. (4)

£60-80

642Vaughan-Williams Rhodesia Development Co.Ltd., £1 shares, fully paid, 18[95], no.44, signed byAlfred H. Haggard, brother of Rider Haggard,author of King Solomon’s Mines etc., together withHammond’s Matabele Gold Mines Development Ltd.,£1 shares, 17 shillings paid, 189[5], no.202; Vincent’sRhodesia Ltd., £1 shares, fully paid, 1[899], no.405;Forbes Reef Gold Mining Co. Ltd., £1 shares, 18shillings paid, 189[5], no.1223, and, SneddonConcessions Ltd., £1 shares, £1 paid, 189[5], no.87,an attractive and generally scarce lot, very fine or better.(5)

£100-120

643White’s Consolidated Co. Ltd., £1 shares, £1 paid,189[6], no.126, another but dated 190[3], no.5578,the second signed by the Hon. Charles White asdirector; together with Red & White Rose GoldMining Co. Ltd., £1 shares, £1 paid, 189[9], no.871,signed by the Hon. Charles White as director, andanother of totally different design also dated 189[9],no.6, signed by Sir John Willoughby as director, thefirst with red annotation at top otherwise very fine andbetter. (4)

£80-100

Hon. Charles White (1860-1930), son of the 2nd BaronAnnaly, joined British South Africa Company Police in1891, appointed Commissioner of MashonalandMounted Police in 1893, resigned at the time of theJameson Raid but was thought to have been involved init’s planning. Sir John Willoughby (1859-1918), helpedfound the town of Selukwe for the British South AfricaCompany, worked closely with Rhodes and Jameson andthe famouse American mining engineer John HaysHammond to develop hundreds of mining claims. WasJameson’s military advisor and rode with him on thefamous ‘Jameson Raid’ of 1895 into the Transvaal.



145

644Rhodesia: Companies registered locallycomprising, Great B Syndicate Ltd., £1 shares,189[5], no.166, old tape repair at top edge; LittleSimoona Gold Mining Co. Ltd., £1 shares, 18[99],no.38; New Clifton Gold Mining & Development Co.Ltd., 5/- shares, [1912], no.528, and, RhodesiaMining & Development Ltd., 2/6d shares, [1911],no.216, the last two registered in Southern Rhodesia,the first two under authority of the British SouthAfrica Company, the first two very fine, the last twoabout extremely fine. (4)

£80-100

645A collection of Rhodesian companies using thesecretarial services of George Saunders, comprisingBembesi District Gold Claims Ltd., £1 shares, £1 paid,189[6], no.236; Bonsor Gold Mining Co. Ltd., £1shares, £1 paid, 189[8], no.52; Dunraven GoldMining Co. Ltd., £1 shares, £1 paid, 189[8], no.3144and another dated 190[2], no.6982; Eagle-VultureMines Ltd., £1 shares, £1 paid, 189[9], no.448, andanother of different design, 189[1901], no.1672; EastGwanda Mines Ltd., £1 shares, 16 shillings paid,190[5], no.1063, and another but £1 paid, 190[6],no.2007, plus a £100 debenture, 1905, no.405;Geelong Gold Mining Co. Ltd., £1 shares, £1 paid,189[7], no.442; Jessie Gold Mining Co. Ltd., £1shares, £1 paid, 189[9], no.556; Matabele Gold Reefsand Estates Co. Ltd., £1 shares, £1 paid, 189[9],no.408, and a £100 debenture, [1901], no.0290;Matabele Mines Ltd., £1 shares, £1 paid, 190[2],no.2101; Matabele Reefs and Estates Co. Ltd., £1shares, 16 shillings paid, 190[5], no.1577; NorthBonsor Gold Mining Co. Ltd., £1 shares, £1 paid,189[9], no.303; Rhodesia Goldfields Ltd., £1ordinary shares, 10 shillings paid, 189[5], no.1266,and another but £1 paid, dated 190[2], no.8022;United Excelsior Mines Ltd., £1 shares, £1 paid,189[9], no.234; West Nicholson Gold Mining Co.Ltd., £1 shares, £1 paid, 189[8], no.341, and another,slightly different format, 1[902], no.3885, all eithersigned or with facsimile signature of George Saunders,many directors are common to several companies,mixed condition, fine to good very fine, several scarce.(21)

£200-300

SOUTH AFRICA646Kimberley Imperial Gold Mining Company Ltd., agroup of certificates for £1 shares, Kimberley 188[6],blue, signed by Alfred Beit as a director and issuedto Sigismund Neumann, all about extremely fine.(15)

£400-600

647Percy Gold Mining Co. Ltd., £1 shares,Johannesburg 188[9], no.502, signed by BernardOppenheimer as director, ornate border, brown,yellow underprint, about extremely fine.

£80-100

648Rietbult Proprietary Mines Ltd., £1 shares,Johannesburg 19[05], no.332, signed by CarlHanau as Director, scrollwork at left, blue, very fineand rare.

£60-80

649Rietvlei Gold Mining Co. Ltd., £1 shares,Johannesburg 188[9], no.1289, issued to Abe Baileyand signed by him on the reverse, signed byW.H.Rogers as Director, red, capital overprintedwith increase, good fine and scarce signatures.

£60-80

650Swaziland: A small collection, comprising Acton’sSwaziland Concession Ltd., £1 shares, 18[89],no.341; Bird’s Swaziland Concession Ltd., £1 shares,188[9], no.301; Horo Concession ExplorationCompany of Swaziland Ltd., £1 shares, 18[89],no.1983; Swazi Goldfields Ltd, £1 shares, 189[0],no.47; Swazieland Gold Exploration and Land Co.Ltd., £1 shares, 18[99], no.1107, and SwazielandCorporation Ltd., £1 shares, 18[99], no.798, thisissued to famous company promoter Henry OsborneO’Hagan, good fine to good very fine. (6)

£80-100



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651Van Wyk’s Gold Mining Company Ltd., £1 shares,Johannesburg 188(9), no.A668, issued to Abe Baileyand signed by him on the reverse, black, adhesiveduty stamp, extremely fine.

£80-100

Sir Abe Bailey (1864-1940), diamond magnate and‘Randlord’. Imprisoned after the Jameson Raid,founded South African Townships, with Julius Jeppe, inUnion Parliament 1915-24, created Baronet in 1919.The company owned Mines at Luipard’s Vlei,Witwatersrand.

652A Selection of Diamond Mines: New GordonDiamond Co. Ltd., 15/- ordinary shares, 189[9];Klerksdorp Gold Mining & Diamond Co. Ltd., 10/-shares, 189[9]; Klerksdorp Gold & Diamond Co.Ltd., 5/- shares, 190[3]; Elands Drift DiamondEstates Ltd., £1 shares, [1902], and StandardDiamonds Co. Ltd., 5/- shares, 19[25], generally veryfine. (5)

£80-100

653A Scarce Group of Locally Registered Companies,comprising Adelaide Gold Mining Co. Ltd., £1 shares,Pietermaritzburg 18[89], no.412; Magnum BonumGold Mining Co. Ltd., £1 shares, Johannesburg18[89], no.494; Moodie’s Gold Mining andExploration Co. Ltd., £1 shares, Pietermaritzburg188[8]; Morkel Gold Mining Co. Ltd., £1 shares,Kimberley 18[89], no.156, and New Bonanza GoldMining Co. Ltd., £1 shares, Durban [1887], a scarcelot, generally very fine. (5)

£100-150

654A scarce group of locally registered Witwatersrandmines, comprising Edinburgh Gold Mining Co. Ltd.,£1 shares, Johannesburg 188[9], no.1686; Esselen’sSyndicate, £10 share, Worcester 18[89], no.169;Athena Gold Mining and Developing Co. Ltd., £1shares, [1889], no.321; North Star Gold Mining Co.Ltd., £1 shares, Barberton [1887], no.483, andTharsis Gold Mining Co. Ltd., £1 shares,Johannesburg 188[9], no.2288, a scarce lot, generallyvery fine. (5)

£100-150

655A Fine group of Transvaal Companies, comprising;Barberton Reefs Ltd., 10/- shares, 189[5], no.176;Geldfontein Estates & Gold Mining Co. Ltd., 2/6dshares, 189[6], no.354; Heidelberg Platkop Estate &Gold Mining Co. Ltd., £1 shares, 189[8], no.1223;New Bullion Gold Mining Co. Ltd., £1 shares,189[7], no.20; Rand Consols Ltd., £1 shares, 189[5],no.17; Vesta Gold Mining Co. Ltd., £1 shares,189[6], no.981, and Western WitwatersrandExploration Co. Ltd., £1 shares, 189[5], no.161, allscarce early dates for the 1890’s boom, the last hassmall map of Southern Africa in scrollwork to left,generally very fine and better. (7)

£120-150

656South African Republic Companies, comprisingBalmoral Main Reef Gold Mining Co. Ltd., £1 shares,189[8], no.183; Glencairn Main Reef Gold MiningCo. Ltd., £1 shares, 189[5], no.13476; MolyneuxMines Consolidated Ltd., £1 shares, 189[5], no.202;New Midas Estate & Gold Mining Co. Ltd., £1shares, 189[6], no.2707; Nigel Deep Ltd., £1 shares,189[8], no.806; Orion Gold Mining Co. Ltd., £1shares, 189[5], no.1217, and United Langlaagte GoldMining Co. Ltd., £1 shares, 189[5], no.2142, the lastwith minor stain otherwise very fine and better. (7)

£120-150

ASIA

CHINA

657S.A. Miniere des Aimaks de Touchetoukhan et deTsetsenkhan en Mongolie, a set of certificates for 1,5 and 10 shares of 50 roubles each, St.Petersburg1911, ornate borders, text in Russian, French andChinese, yellow, blue and red respectively, withcoupons, very fine and better. (3)

£200-300



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658Syndicat du Yunnan Ltd., £1 ordinary shares, [20]shillings paid, 190[13], no.453, scrollwork left, blue,very fine.

£60-80

KOREA

659Chosen Gold Mines Ltd., £5 preference shares, fullypaid, 19[15], no.253, ornate border, black, blueunderprint, about very fine.

£60-80

Registered in 1912 to acquire the Kok Kang Kol Mineof 278 acres in korea, from the Korean ExploitationSyndicate of Denver, Colorado.

INDIA660India: Mysore and Wynaad Districts: A collection ofBritish Companies operating in South India, ColarCentral Gold Co. Ltd., £1 shares, 188[7]; DevalahCentral Gold Mines Co. Ltd., £1 shares, 188[1];Devalah Provident Gold Mining Co. Ltd., £1 shares,[1880]; Glenrock Co. Ltd., £1 shares, 18[84]; GreatSouthern Mysore Gold Mining Co. Ltd., £1 shares,188[1]; Indian Consolidated Gold Co. Ltd., £1shares, 188[7], tape repair on reverse; Mysore-WynaadConsolidated Gold Mining Co. Ltd., £1 shares,188[7]; New South East Wynaad Estates Co. Ltd., £1shares, 188[6]; South East Mysore Gold Co. Ltd., £1shares, 188[90]; Tambracherry Estates Co. Ltd.,12/6d shares, 188[7]; Tambracherry Estates &Wynaad Gold Mining Co. Ltd., £1 shares, 188[2];Wentworth Gold Mining and Indian Estates Co. Ltd.,£1 shares, 188[7], and, Wynaad Perseverance Estate &Gold Mining Co. Ltd., £1 shares, 188[2], generallyfine to very fine, a couple better. (13)

£200-300

661A Useful group of Locally registered Companies,comprising Deoghur Mining Co. Ltd., 10 rupeeshares, 188[4], no.408; Dhadka Mining Co. Ltd., 1rupee shares, 1890, no.1112; Kaiser-I-Hind GoldMining Co. Ltd., 25 rupee shares, 188[1], no.1058;Kalyanpur Behar Gold Mining Co. Ltd., 10 shares of10 rupees, 1891; Dalbhoom Gold & MineralsProspecting Co. Ltd., 10 rupee shares, 19[18]; DumraGold Prospecting Syndicate Ltd., 1 founders share,1890; Bengal Gold & Silver Mining Co. Ltd., 1 rupeeshares, 1890, 2 types, and a 100 rupee debenture;Western Patkoom Gold Prospecting Syndicate Ltd.,founders share and 100 ordinary shares, both 1890,and lastly 5 different certificates of the SonapetProprietary Gold Mining Co. Ltd., all dated 1890 or1891, generally very fine and extremely fine. (16)

£150-200



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662A good Collection of Gold Mines managed byJohn Taylor & Sons: Anantapur Gold Field Ltd., £1shares, 190[8], green, red overprint of increasedcapital; Champion Reef Gold Mining Company ofIndia Ltd., 2/6d shares, 190[9]; Dharwar Gold MinesLtd., £1 shares, 190[11], blue, capital increaseoverprinted in red; Dharwar Reefs Co. Ltd., £1 shares,190[8]; Dharwar Reefs Gold Mining Co. Ltd., £1shares, 1908; Hosur Gold Mines of Dharwar Ltd., £1shares, 190[7]; Jibutil (Anantapur) Gold Mines Ltd.,10/- ordinary shares, 191[4], fully paid and 10/-ordinary shares, 191[4], part paid; Kabulgitti GoldMines Ltd., 5/- ordinary shares, 191[1]; KempinkoteGold Field Ltd., 5/- shares, 189[3]; Mysore GoldMining Co. Ltd., 10/- shares, 1920; NewKempinkote Gold Field Ltd., 5/- shares, 190[1], andanother different dated 190[8]; Nine Reefs Co. Ltd.,5/- ordinary shares, 190[3], fully paid, 5/- preferenceshares, 190[1], fully paid and 189[8], part paid;Ooregum Gold Mining Company of India Ltd., 10/-shares, [1938]; Oriental Gold Mining Co. of IndiaLtd., £1 shares, 189[6] and another 190[1]; RoadBlock Gold Mines of India Ltd., £1 shares, 189[7],part paid, another dated 190[3] and another, 16shillings paid, 190[0], and Sangli Gold Mines Ltd., £1shares, 190[2], mixed condition, mainly fine to veryfine, a few better. (23)

£300-400

663A small group of British Companies operating inIndia; Dingaan (Nondweni) Syndicate Ltd., £1shares, 189[7]; Great Oriental Gold Mines Ltd., 5/-ordinary shares, 191[2]; Hutti (Nizam’s) Gold MinesLtd., £1 shares, 190[9]; Indian Glenrock Gold MiningCo. Ltd., deferred warrant, 1882; Kadur-Mysore GoldMines Ltd., 5/- shares, 190[0], filing holes; Kadur-Mysore Mines Ltd., 5/- shares, 190[3]; Mysore-Wynaad Consolidated Gold Mining Co. Ltd., £1shares, 189[7], and, Wondalli (Deccan) Gold MinesLtd., £1 shares, 189[6], fine to very fine. (8)

£100-150

MALAYA664Bersawah Gold Mining Co. Ltd., $10 deferredshares, Singapore 19[00], no.164, blue printing withStraits Settlements adhesive revenue stamp at topright, mauve seal, very fine and rare as are all Straitsregistered companies.

£60-80

OTTOMAN EMPIRE

665Souback & Catir Alan Mining Co. Ltd., £10debenture, 188[2], no.2289, ornate border, black,text all in English, with coupons, extremely fine.

£60-80

SIAM (THAILAND)666New Kabin Gold Mines of Siam Ltd., £1 shares, 18s6d paid, [1901], no.353, elephant within scrollwork atleft, black, text in English and French; together withother Siamese piece comprising Gold Fields of SiamLtd., 50 shares of £1, 18[89], no.D0187, text inEnglish and French, with coupons; Soc. des Minesd’Or de Watana, founders share, Paris 1894,no.20109, with coupons, and, Soc. des Mines deKabin, 25 founders shares, Paris 1896, no.63851-63875, with coupons, very fine and better, the firstrare. (4)

£60-80



149

AUSTRALIA

GOLD RUSH

667Australian Consols Gold & Copper Mines, 20shares, 185[2], no.40101-40120, black, red serials, onwaxed linen, good very fine and scarce.

£60-80

668Australian Cordillera Gold & Copper Mining Co.,a set of certificates for 5, 10 and 20 shares of £1,185[2], scrollwork left, black printing on waxed linen,the last slightly faded otherwise very fine and better. (3)

£100-150

669Australian Freehold Gold Mine, certificate for 5shares, £1 paid, 1852, no.924, scrollwork left, blackwith heavy blue underprint, fine and scarce.

£60-80

670British Australian Gold Mining Co., 50 shares of£1, undated but circa 1852, scrollwork left, black onblue paper, pinholes but very fine, together with PeelRiver Land & Mineral Co. Ltd., £5 share, 1857,no.119671, black on grey paper, extremely fine. (2)

£80-100

671Compagnie des Terrains et Mines Auriferesd’Adelaide (Adelaide Land and Gold Company),an unissued certificate for 10 shares of 500 francs or£2, series B, 1855, ornate border, brown and black,text in French and English, perforated NUL andstamped ANNULE, good very fine and rare.

£60-80

672Great Nugget Vein Gold Mining Company ofAustralia, scrip certificate for 5 shares of £2 each,undated but circa 1852, black on grey paper, FIVE inred underprint, tip of bottom left corner missing andsmall ink stain at bottom right, very fine and scarce.

£60-80

673Great Nugget Vein Gold Mining Company ofAustralia, scrip certificate for 10 shares of £2 each,undated but circa 1852, black on grey paper, TEN ingreen underprint, very fine and scarce.

£60-80

674Port Phillip & Colonial Mining Co. Ltd., £2 shares,£1 paid, 18[85], no.2999, scrollwork at left, black,printed by Waterlow & Sons, seal reinforced on reverse,about very fine.

£60-80


AUSTRALASIA


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NEW SOUTH WALES

675Great Eastern and Caledonian Gold Mining Co.Ltd., $HK4 ordinary shares, Hongkong1[900],no.342, ornate border, blue, attractive mauve seal,very fine.

£80-100

Mines at Mount McDonald but registered in Hongkong.

QUEENSLAND676Croydon, Queensland: Croydon Consols Ltd., 5shillings, part paid, London register 189[6], no.1904,capital £100,000, red, another, part paid, Londonregister, 189[9], no.1734, capital now £125,000,green; North Croydon Consols Ltd., 5 shillingshares, part paid, London register 189[6], no.472,black; Croydon Goldfields Ltd., 5 shilling shares,part paid, London register 190[0], no.1028, blue, andCroydon Consols Mines Trust Ltd., 2/6d shares,part paid, London register 19[03], no.278, mauve,generally very fine. (5)

£80-100

677Gympie, Queensland: 3 North Smithfield GoldMining Co. Ltd., 5 shilling shares, part paid, LondonRegister 189[9], no.315, black, together withScottish Gympie Gold Mines Ltd., £1 shares, fullypaid, 19[03], no.435, green; West of ScotlandGympie Hold Mine Ltd., £1 shares, 15 shillingspaid, 19[04], no.182, attractive blue printing, andNo. 2 South Great Eastern Gold Mining Co. Ltd.,4d shares, 4d paid, London register 19[11], no.2658,black, very fine. (4)

£80-100

VICTORIA

678Crooked River, Victoria: West Pioneer ReefQuartz-Mining Co., £2 10s shares, 186[5], no.151,blue and red printing, good very fine and rare earlypiece.

£60-80

679Lauriston, Victoria: Two certificates from the1872 Quartz boom; All Nations Quartz & AlluvialGold Mining Co., 5/- shares, 187[2], no.70, black,and Energetic Quartz & Alluvial Gold Mining Co.,10/- shares, 18[72], no.10, black, both about extremelyfine. (2)

£80-100

680Maldon, Victoria: A Small locally registered group,comprising Central Quartz Mining Co., Eagle Hawk,£1 shares, 187[5], no.94; Brewer’s Reef QuartzMining Co., £1 shares, 18[81], no.144; Great NelsonUnited Quartz Mining Co., £1 shares, 18[81],no.891, this with small mine building at left, andCarlyle & Whittaker Gold Mining Co., 5/- shares,189[9], very fine to extremely fine. (4)

£140-180

681Woods Point, Victoria: Loch Fyne and Fern-treeGold Mining Co. Reg’d., £10 shares, 186[4],no.449, scrollwork at left, black on grey, tiny piecemissing from lower left corner but good very fine andrare.

£60-80



151

WESTERN AUSTRALIA682Hannan’s Find, East Coolgardie: a fine collectioncomprising Brown Hill North (Hannan’s) Ltd.,189[900], no.230; Hannan’s Kapai Ltd., 190[0],no.118; Hannan’s Reward Ltd., 19[08], no.16;Hannan’s Napier Gold Co. Ltd., one share, 18[95],no.163, with coupons; Hannan’s ProprietaryDevelopment Co. Ltd., 1895, No.221 and anotherdated 189[9], no.17760; Hannan’s KalgoorlieProprietary Ltd., 189[6], no.67; Hannan’s TreasureTrove Ltd., 189[6], no.157; Hannan’s Excelsior GoldMines Ltd., 189[6], no.728; Hannan’s Belle ViewGold Mining Co. Ltd., 189[9], no.163; Hannan’s“Sir John Forrest” Gold Mines Ltd., [1897], no.910,and Oroya East (Hannan’s) Gold Mine Ltd.,189[900], no.0786, good fine to very fine. (12)

£350-450

683Menzies Find, North Coolgardie: A good collectioncomprising Florence Gold Mine Ltd., 189[7], no.537;Lady Shenton Gold Mine Ltd., 189[8] and anotherwith minor variations, 189[1902], no.7125; MenziesConsolidated Gold Mines Ltd., 189[8], no.572;Menzies “Crusoe” Gold Claims Ltd., 189[5],no.5050; Menzies Golden Age Mine Ltd., 189[5],no.283; Menzies Mining & Exploration CorporationLtd., 189[6], no.246; Menzies Pioneers Ltd., 189[6],no.230 and Menzies United Mines Ltd., 189[900],no.1197, generally very fine. (9)

£250-350

684Londonderry Gold Mine Ltd., 10 shilling shares, 8shillings paid, 189[9], no.974, very attractive piecewith vignette of the gold camp in centre, ornateborder, blue, printed by Waterlow & Sons, very fine.

£80-100

685Western Australia: Mount Margaret Reward ClaimLtd., a specimen certificate for £1 shares, 189-, fromthe Bradbury, Wilkinson & Co. archive, attractivepiece with vignettes in each corner, black on blue-green paper, with counterfoil, together with anotherspecimen of the United Australian ExplorationLtd., for £1 shares, circa 1900, black, blue underprint,with counterfoil, folds but about extremely fine. (2)

£60-80

NEW ZEALAND686Aroha Gold Mines Ltd., £1 shares, fully paid,189[6], no.187, red, together with Tararu CreekGold Mining Co. Ltd., 10 shilling shares, 9s 6d paid,189[9], no.4, brown, and Victor-Waihou GoldMining Co. Ltd., 10 shilling shares, fully paid,189[6], no.157, red, capital overprinted, all about veryfine and all scarce. (3)

£100-120

687Blagroves Freehold Gold Mining Co. Ltd., 2/6dshares, fully paid, 189[5], no.766, blue, together withKauri Freehold Gold Estates Ltd., £1 shares, fullypaid, 189[6], no.227, brown; Kauri Freehold GoldEstates Ltd., 3d shares, fully paid, 190[5], no.358,black; Waitekauri Gold Mining Co. Ltd., £1 shares,fully paid, 189[5], no.1898, blue, and (New)Waitekauri Extended Mines Ltd., 5 shilling shares,part paid, 190[1], no.188, blue, the second only fine,the fourth with top left corner missing, otherwise veryfine. (5)

£120-150

688Blue Spur & Gabriels Gully Consolidated GoldCo. Ltd., Otago, £1 shares, fully paid, 189[5],no.657, black on buff, very fine and scarce South Islandpiece.

£40-50

689Champion Gold & Silver Mines, New Zealand,Ltd., £1 shares, part paid, 18[89], no.160, black,printed by Waterlow, together with Kapanga GoldMining Company of New Zealand Ltd., £1 shares,fully paid, 18[82], no.2740, black, good very fine andabout very fine. (2)

£60-80

690New Zealand: Colonial Investment & Agency Co.Ltd., £4 10 shilling shares, 10 shillings paid, 18[89],no.56, black, together with New Zealand MinesTrust Ltd., £1 shares, fully paid, 189[5], no.75,another dated 189[6], no.175, with capital increaseoverwritten by hand, both black, and a later issue for£1 shares, fully paid, 189[7], no.301, blue, the thirdonly fine, the remainder very fine. (4)

£60-80

691Golden Pah (Hauraki) Ltd., 2/6d shares, fully paid,1896, no.673, blue, together with Britannia(Hauraki) Gold Mining Co. Ltd., £1 shares, fullypaid, 189[8], no.71, ‘Britannia’ at top, red; HaurakiMines Ltd., 2/6d shares, part paid, 190[1], no.101,black, and Golden Blocks (Taitapu) Ltd., £1 shares,fully paid, 18[901], no.329, black, the second has a fewrepaired edge tears, very fine or better. (4)

£100-150



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692New Zealand: Great Barrier Land, Harbour andMining Co. Ltd., 6% debenture for £50, 186[7],no.125, scrollwork at left, black, with coupons, veryfine and rare.

£80-100

693Hauraki Gold Mining Co. Ltd., a series ofcertificates for 2/6d shares comprising bearer warrantsfor 5 shares, 189[5], no.535 and 25 shares, 189[6],no.4416, both with coupons, registered certificate,fully paid, 18[97], no.8307 and another similar butdated 18[99], no.9136 with title overprintedNORTH LACHLAN, and lastly North Lachlan GoldMining Co. Ltd., 2/6d shares, 2s 2d paid, 1907,no.160, capital overprinted in black, good fine to goodvery fine. (5)

£120-150

694New Zealand Kapanga Gold Mining Co. Ltd., £5shares, fully paid, 187[8], no.1930, vignette of minebuildings in centre, scollwork at left, brown, printedby Waterlow & Sons, about very fine and rare.

£60-80

695Kathleen Gold Mine Ltd., 2/6d shares, 2s 3d paid,189[8], no.866, black, together with Kathleen CrownLtd., 2/6d shares, fully paid, 189[6], no.835, green,and another but 2s 2d paid, 190[0], no.33, black, thelast with filing holes otherwise very fine. (3)

£60-80

696New Zealand: Maritoto Gold & Silver Mining Co.Ltd., Thames District, £1 shares, 12 shillings paid,188[8], no.195, very attractive piece printed in Sydneywith scrollwork and small mine vignette at left, greenwith buff underprint, embossed seal, very fine andrare.

£60-80

697New Zealand Broken Hills Gold Mining Co. Ltd.,£1 shares, fully paid, 18[97], no.121, brown on buff,together with Royal Oak of Hauraki Ltd., 5 shillingshares, fully paid, 189[7], no.4000, capitaloverprinted, black on green and another with newprinted capital, 189[9], no.8100, black on green, andHauraki (N.Z.) Associated Gold Mines Ltd., 4shilling shares, part paid, 189[7], no.238, green, themiddle two with some foxing and small tear otherwisefine to very fine. (4)

£100-150

698Scotty’s Hauraki Gold Mining Co. Ltd., 5 shillingshares, part paid, 189[6], no.1218, brown, anotherbut fully paid, 189[7], no.1486, signed by theliquidator, brown, and Scotty’s Gold Mine Ltd., 5shilling shares, part paid, 189[9], no.663, red, aboutvery fine to good very fine. (3)

£80-100



153

699Taitapo Gold Estates Ltd., a set of 8% debentures for£10, [1913], no.A142, £50, [1914], no.B37 and£100, [1915], no.C146, Maori warrior at top left,ornate borders, black, blue and red respectively, thefirst two with some minor staining in lower half, pinholesotherwise very fine. (3)

£80-100

700Tokatea of Hauraki Ltd., bearer warrant for 5shilling shares, 189[6], no.262, blue, with coupons,together with Preece’s Point Proprietary (Hauraki)Ltd., 5 shilling shares, part paid, 189[6], no.539,green; Triumph (Hauraki) Gold Mines Ltd., 5shilling shares, fully paid, 18[95], no.38, red-brown,and New Moanatairi Gold Mining Co. Ltd., £1shares, part paid, [1900], no.402, black on blue paper,generally very fine or better. (4)

£100-150

701Waihi Syndicate Ltd., £1 shares, fully paid, 190[4],no.8, blue, green underprint, together with othermines in the Waihi area comprising Waihi GrandJunction Gold Co. Ltd., £1 shares, 10 shillings paid,190[7], no.149, mauve; Waihi Gold Mining Co.Ltd., 10 shilling shares, overprinted 5 shillings, fullypaid, 19[21], no.2211, black on blue, and another 5shilling shares, fully paid, 19[28], no.6467, black ongreen, and Martha Gold Mining Company (Waihi)Ltd., 5 shilling shares, fully paid, 1935, no.101, redand another but overprinted 6 pence, 19[44],no.4053, red, very fine or thereabouts. (6)

£80-100

702West Tokatea Gold Mine Ltd., 10 shilling shares, 9shillings paid, 190[2], no.273, red, together withTokatea Consolidated Ltd., 10 shilling shares, 9shillings paid, 190[4], no.67, green, and NewTokatea Gold Mine Ltd., £1 shares, fully paid,19[05], no.44, red, the first good fine, the otherwise veryfine. (3)

£60-80

703New Zealand Gold: London & New ZealandExploration Co. Ltd., £1 shares, fully paid, [1896],no.857, Maori at left; New Zealand Exploration Co.Ltd., £1 ordinary shares, fully paid, 189[6], no.0022;New Zealand Gold Development Syndicate Ltd.,£1 ordinary shares, part paid, 189[6], no.95; NewZealand Minerals Co. Ltd., £1 ordinary shares, partpaid, 189[6], no.225, top half discoloured; GoldFields of New Zealand Ltd., £1 shares, fully paid,189[7], no.134; United New Zealand ExplorationLtd., £1 ordinary shares, fully paid, 189[8], no.545;Progress Mines of New Zealand Ltd., £1 shares,fully paid, 190[8], no.3535, and New Zealand GoldLtd., 5 shilling shares, 19[38], no.77, mainly aboutvery fine, a couple better. (8)

£120-150

EUROPE

GREAT BRITAIN704Cothy Mines Ltd., £1 shares, fully paid, 190[10],no.46, scrollwork left, black, together with 6%debenture for £20, 1910[1], no.30, of only 250issued, ornate border, blue and black, 4 pages, bothvery fine and scarce. (2)

£100-150

705East Clogau Gold Mining Co. Ltd., 5 shares of £1,1862, no.35271-35275, scrollwork at left, attractiveheading printed in red and blue, extremely fine.

£100-150



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ITALY

706S.A. per la Escavazione e Lavorazione delle Minieredi Montevaso, 200 scudi share, 1837, no.73, recordof payments made 1839-1843, black, good very fineand scarce.

£80-100

707Sardinia: Compagnie Générale des Mines Réunies,10 shares of 100 francs, undated but circa 1850,no.15051-15060, attractive border, black and grey-green, mount remains on reverse, very fine.

£60-80

NORWAY

708Bömmelöens Forenede Grubekompagnier, 20shares of 500 kroner, Kristiania 1885, no.8061-8080,attractive vignette of miners, black, 4 pages, aboutextremely fine.

£120-150

RUSSIA709Nerchinsk Gold Co. Ltd., a pair of certificates for £1shares comprising one dated 19[03], no.545, printedwith 18 shillings paid in the text and the other dated19[06], no.2803, with fully paid printed in the text, ofsimilar design of ornate border, mauve, a little cyrillicat top otherwise all in English, both about very fine. (2)

£60-80

710A group of British Companies Mining in Russia,comprising Lena Goldfields Ltd., bearer warrants for 5shares of £1, [1909], green and 25 shares of £1,[1911], brown, this with Russian revenue stamps;Orsk Goldfields Ltd., £1 shares, 190[9], blue and 5/-preference shares, 191[6], green, capital overprintedwith increase; Russian Mining Corporation Ltd., £1shares, 19[11]; Tchengelek Proprietary Co. Ltd., £10debenture, 1911, and Troitzk Goldfields Ltd., £1shares, 190[7], red, an interesting lot, fine to very finecondition. (7)

£120-150Please also see lot 657



155

ARGENTINA711Lavaderos de Oro de la Tierra del Fuego, 100shares of $5, Buenos Aires 1906, no.316,photographic vignette of dredger, ornate border,together with Cia “Rio Perez” de Lavaderos de Oro,certificates for 50 and 100 shares of $5, Buenos Aires1907, large format with ornate text and underprint;Minas de Oro de Rio Corintos, 100 peso share,Buenos Aires 189[7], ornate border, with coupons;Soc. Anonima Exploradora de Minas de Oro del Riode la Plata, 5 shares of $25, Buenos Aires 189[7], and,Sociedad de Minas Gualilan, 500 peso share, of only120 issued, Buenos 1898, a useful lot, very fine andbetter. (6)

£100-120

712Argentina: An attractive group of miningcertificates, Matto Grosso Gold Dredging Company,certificates for 20 and 50 shares of 5 pesos, BuenosAires 190[5] and 1904, map of the region, ornateborder; Neuquen Proprietary Gold Mines S.A., 50shares of 10 pesos, Buenos Aires 1907, ornate borderand titles; Rio Oscar Gold Dredging Co. Ltd., 10preference shares of 5 pesos, Buenos Aires 190[4],ornate border, and Diamantino (Matto Grosso)Dredging Company, certificates for 50 and 100 sharesof 5 pesos, Buenos Aires 1908[9], an interesting lot,all very fine to extremely fine. (6)

£80-100

BRAZIL

713Companhia das Minas de Carvao de Pedra Arroiodos Ratos, 200 milreis share, Rio de Janeiro 1884,no.4351, mine headgear and buildings, black, pinkunderprint, ink cancelled, almost extremely fine.

£60-80

714Minas Geraes Mining Co., certificate for 5 shares of£20, London 1836, no.440, black, receipted for 3payments totalling £5 per share plus handstamp foranother £1 call made in 1839, small tears at bottomedge otherwise near extremely fine.

£80-100

BRITISH GUIANA715British Guiana Gold and Diamonds: British GuianaGold Mines Ltd., £20 debenture, 190[8], no.12;Barima Gold Mining Co. Ltd., 10 shares of $5,189[907], no.114, locally registered; Gold Mines ofGuiana Ltd., 5/- ‘A’ shares, 191[1], no.21; GuianaGold Co. Ltd., £1 shares, 19[07], no.157, smallsailing ship beneath title; New York & British GuianaGold Mining Co., $5 or £1 10d shares, Jersey City189[5], no.187, miners at work in centre, a NewJersey Corporation, and, United Diamond Fields ofBritish Guiana Ltd., £1 shares, 192[7], no.182,generally very fine and better. (6)

£120-150

CHILE716Compañia de Draga del Rio del Oro, 1 libra share,Valparaiso 19[05], no.265, vignette of dredger andbuilding, brown and yellow, adhesive duty stamp,together with Peru, Compañia Territorial de la BellaUnion, £5 share, Lima 190[5], no.70, miners at topleft, yellow and brown and Venezuela, CompañiaMinera Nacional Anonima El Callao, 1 share of 125bolivares, 1887, minera at top, black and brown, withcoupons, attractive lot, very fine to extremely fine. (3)

£60-80

FRENCH GUIANA717French Guiana: A collection of certificates,comprising Gold Fields of French Guayana Ltd., 5shares of £1, 188[90], hydraulic mining at top, black,with coupons; Compagnie des Placers Guyanais, 500francs, Brussels 1899, no.130; Cie Aurifere et Agricolede L’Approuague (Guyane Francaise), 100 francs,1863, tape repair; Mines d’Or du Sinnamary, 500francs, 1888; Du Placer “Enfin”, 100 franc share,1887 and another with increased capital, 1891;Dragages Auriferes de la Guyane Francaise, 100 francshare, 1899; Gisements d’Or du National, foundersshare, 188[8]; Gisements d’Or de Saint-Elie, foundersshare, 1878 and Gisements d’Or du Placer de Saint-Maurice, 200 franc share, 1880, all very fine toextremely fine except where stated. (10)

£100-120


THE AMERICAS


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MEXICO718American Companies in Mexico: Real del CastilloMining Co. (CA), $100 shares, San Francisco 188[1],no.47, castle at left, black; Villagrana Mining Co.(CA), $100 shares, San Francisco 188[1], no.46,black; Fortuna Gold Mining Co. (ME), $1 shares,189[9], no.A638 and 100 x $1 shares, 189[9],no.284, both with eagle at left, brown and greenrespectively, and Roma Gold Mining Co. of Mexico(AZ), $1 shares, 19[09], miners at top, Goes print,gold and black, fine to very fine, the first two rare. (5)

£80-100

719American Mines in Mexico: Anglo-Mexican GoldMining Co. (MO), $1 shares, Kansas City 189[6],no.37, miners at top, gold, mines at Pinos, Zacatecas;Sierra Leon Gold Mining Co. (CA), $5 shares, SanFrancisco 189[7], no.171, dark blue, ValenzuelaRosario District, Sinaloa; Anita Mining and MillingCo. (CA), $10 shares, Ontario, California 1[898],no.23, miners at top, green, gold seal, mines inSonora; Esperanza Mining Co. (DE), $10 shares,1[899], no.417, black, cancelled, and Boston-MexicanMines Co. (AZ), $5 shares, 19[06], no.385, miners attop, brown, generally very fine. (5)

£60-80

720Chicago Gold Placer Mining Co. (SD), $100shares, Chicago 19[03], no.17, photographic vignetteof placer mining at left, obverse and reverse of aMexican 8 escudo gold coin to the right, black andgold, mines in Sonora, about extremely fine.

£60-80

721Saint Helena Gold Mine (of Sonora, Mexico),$100 shares, Boston 188[1], no.29, miners in centre,green, together with a $100 income bond, 1883,no.163, black and green, with coupons, both very fineor better. (2)

£80-100

722Mexico: A small selection comprising Cia de LasMinas de Oro de Cerro Colorado, $100 share, Mexico1893, miners at top left, tools top right, imprintedrevenue stamp; Cia Minera Chauhtemoc y Anexas,Chihuahua, $100 share, Mexico 1895, statue ofCuitlahuac, green; Cia Minera Cuauhtemoc del Oro,$25 share, Mexico 1904, statue of Cuitlahuac, edgetears, and Cia de Las Minas de Oro y Plata La Preciosa,5 shares of 2 pesos, Mexico 1909, eagle underprint,very fine and better. (4)

£60-80

NEW GRANADA723Société des Mines d’Or de Malpaso, Republic ofNew Granada, 650 franc share, Paris 1848, no.966,ornate border, black, extremely fine.

£60-80

PANAMA

724Panama: Santiago Gold Mining Co. (NY), $2shares, 188]9], no.241, miners at work, green, goodvery fine.

£60-80

Mines in the Department of Veraguas, Territory ofPanama, Colombia



157

URUGUAY725Cia de las Minas de Oro de Curtume, 1000 pesoshare, Montevideo 1891, ornate design with adhesiveduty stamp, together with Minas de Oro del Soldado,100 peso share, Montevideo 191[0], ornate border,scrollwork to left of title, green, adhesive duty stamp,and Cia Anonima Minas de Guanandi, one share of500 pesos, Montevido 1887[8], tools in centre, veryornate border, grey-green, adhesive duty stamp, allvery fine to extremely fine. (3)

£80-100

VENEZUELA726Orinoco Exploring and Mining Co. (DE), $100shares, Philadelphia 18[70], no.66, Guayana arms attop, black, adhesive revenue stamp, together withCarupano Mining Co. (NY), $2 shares, New York188[7], no.208, miners at top, black on blue paper,very fine and extremely fine. (2)

£60-80

Both of these American companies owned mines inVenezuela. The first in the State of Guayana and thesecond in the State of Bermudez.

CANADA727Britannia Gold Co. (MA), certificate for 50 centshares, 186[6], no.57, vignette below title depicting aLion and Unicorn flanking a crown, ornate border,black, staining at top, small tears to right edge, aboutvery fine.

£80-100

Mines in Nova Scotia.

728Ferguson Gold Mining Co. Ltd., a pair ofcertificates for £2 shares, 187[1], no.2 and 187[2],no.0064, both issued to the same shareholder, bearerby waterside at left, black, the plate looks the same butthe paper is different in size, both very fine and scarce.(2)

£60-80

729Golconda Gold Co., $20 shares, 186[6], no.293,ornate border, black; together with De Lery GoldMining Co., $100 shares, Quebec 18[67], no.463,lovely coat of arms at top, black, and Champs d’OrRigaud Vaudreuil Limitee, $1 shares, Montreal19[12], no.552, mine buildings at top, very fine toextremely fine. (3)

£100-120

Golconda Mines near the town of Sherbrooke in theEastern Townships, Quebec.

730Isaac’s Harbour Gold Co. of Nova Scotia, $5shares, New York 186[4], no.47, black printing wthred seal, adhesive duty stamp, about very fine.

£80-100

731Metgermette Gold Mining Co. (MA), certificate for$5 shares, 186[4], no.61, ornate border, black, slighttearing on creases and discolouration, about very fine.

£80-100

732Victoria Mining & Smelting Company, $12 shares,Lennoxville, Canada East 186[6], no.20, attractivevignette at left of miners underground, British coat ofarms in centre, black, trimmed close to border as are allthose that have been seen, about very fine.

£80-100



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BRITISH COLUMBIA

733Cariboo Consolidated Ltd., British Columbia, abearer warrant for 10 shares of £1, London 19[02],no.C0438, lovely vignette of allegorical figures withmine sluices behind, red and black, printed byWaterlow & Sons, text in English and French, withcoupons, very fine and rare.

£60-80

734Lillooet, Fraser River & Cariboo Gold Fields Ltd.,bearer warrant for 10 shares of £1, 189[6], no.D2250,lovely vignette of (presumably) the Fraser River, redand black, printed by Waterlow & Sons, text inEnglish and French, with coupons, almost extremelyfine and scarce.

£60-80

735London & British Columbia Goldfields Ltd., £1shares, 189[9], no.9, two small vignettes under title ofminers, blue; together with other British Companies inBritish Columbia comprising Velvet Portland MineLtd., 10/- shares, 190[5], no.261; New VelvetPortland Mine Ltd., £1 shares, 190[5], no.29; NewGoldfields of British Columbia Ltd., £1 shares,190[7], top corners stained, and Associated GoldMines of British Columbia & Guiana Ltd., bearerwarrant for 20 shares of £1, 190[12], large format,text in English, French, Spanish and German, withcoupons, generally fine to very fine. (5)

£60-80

736Snowshoe Gold & Copper Mines Ltd., £1 shares,190[2], no.120, attractive piece with vignette ofoncoming steam train, blue, printed by Waterlow &Sons, good very fine and scarce.

£60-80

Formed to acquire the Snowshoe and other mines in theYale Region of British Columbia.

737Whitaker Wright Companies in British Columbia:British America Corporation Ltd., £1 shares, 189[9],no.12269, facsimile signature of Whitaker Wright andhandsigned by Lord Loch, printed by Waterlow; LeRoi Mining Co. Ltd., £5 shares, 190[8], no.30267,liquidators overprints; Le Roi No.2 Ltd., £5 shares,190[1], no.2394, and Rossland Kootenay Mining Co.Ltd., £1 shares, 190[5], no.2995, mauve, generallyvery fine. (4)

£80-100



159

738British Columbia Mines; British Columbia GoldTrust Ltd., $5 shares, Vancouver 189[8], no.192;Dundee Gold Mining Co., $1 shares, Rossland1[897], no.188; Hansard Gold & Copper Mining Co.Ltd., $1 shares, Nelson 189[6], no.140; Lerwick GoldMining Co., $1 shares, Rossland 1[899], no.543;Monte Christo Consolidated Mining & DevelopmentCo. Ltd., $1 shares, Rossland 1[898], no.2442;National Hydraulic Mining Co., $1 shares, Pittsburgh19[01], no.160; New Brunswick Consolidated GoldMining Co., $1 shares, Rossland 1897, no.13, andVan Anda Copper & Gold Co., $1 shares, Chicago189[6], no.66, several with vignettes, generally veryfine, a few better. (8)

£140-180

739British Columbia: Buffalo Gold Mining Co., $1shares, Rossland 1[897], no.253; Double EagleMining & Development Co., $1 shares, Revelstoke[1902], no.50; Keystone Gold Mining Co., $1 shares,Rossland 1[897], no.83; Kelley Creek Gold Miningand Milling Co. of British Columbia, $1 shares,Toronto 1[897], no.335; Kootenay Cariboo Mining& Investment Co. Ltd., $1 shares, Toronto 189[7],no.126; Rossland Gold Mining Development andInvestment Co. Ltd., $1 shares, Toronto 18[97],no.440, and, Venus Gold Mining Co. Ltd., $1 shares,1[900], no.89, a couple with mining vignettes,generally very fine and better. (7)

£120-150

740A good Selection of British Companies operatingin British Columbia: Bonanza Creek HydraulicMining Co. Ltd., £1 shares, 1[904], no.315, ornateborder, green and yellow; British Columbia (Rossland& Slocan) Syndicate Ltd., £1 shares, 189[1901],no.262, black; British Columbian Exploitation andGold Estates Ltd., £1 shares, 189[7], no.34;Comstock Mines (British Columbia) Ltd., £1 shares,189[7], no.134, red; Hall Mines Ltd., £1 ordinaryshares, 18[98], no.B4549, green; Hall Mining &Smelting Co. Ltd., £1 shares, 1900, no.C1025, black,and Ontario and British Columbia Goldfields andExploration Co. Ltd., £1 shares, 189[8], green, thisrare, the 2nd, 5th and 6th printed by Waterlow,generally very fine. (7)

£100-150

741British Columbia and Yukon: Lemon Gold MiningCompany of British Columbia (NE), $1 shares,189[7], no.45, vignette in centre, Camp McKinneyGold Mining District; Trust Mining Co. (WA), $1shares, 1[898], no.106, gold, green underprint;Cariboo Creek & Canadian Mining & DevelopmentCo., $1 shares, Rossland 1[898], miners top left, blackand gold, filing holes, and Stewart River GoldDredging Co. Ltd. (AZ), $1 shares, 19[09], no.911,dredge at top, black, gold seal, generally very fine. (4)

£80-100

KLONDIKE GOLD RUSH742Klondike and Yukon Gold Rush: A lovely collectioncomprising Gold Run (Klondike) Mining Co. Ltd.,100 shares of 10/-, 1902; Joseph Ladue Gold Miningand Development Co. of Yukon, $10 shares, 189[7];Klondike Champs d’Or Syndicate Ltd., £1 shares,190[0]; Klondyke & Columbian Goldfields Ltd.,deferred shares of £1, 18[97], black on green paper;Klondike Goldfields Ltd., £1 shares, 189[8], greenand yellow; Klondyke Consolidated Gold Fields Ltd.,bearer warrant for 5 shares of £1, 190[3], green, withcoupons; Telford Yukon Mining Co. Ltd., bearerwarrant for 10 shares of £1, 19[01], blue, red seal,slight damp damage with small piece missing from rightedge, and Yukon Goldfields Ltd., £1 shares, 1[899],green, generally very fine, several rare. (8)

£200-300

743French Companies in the Klondike, comprising LeKlondyke, 5 shares, 1898, blue and red; SyndicatLyonnais du Klondike, 100 franc preference share,1905, pink and 100 franc share, 1900, blue, this withsmall tears, fine, and Compagnie Francaise du Yukon,100 franc share, 1899, mine buildings at top, miner atleft, blacksmith right, very fine and better unless stated.(4)

£60-80



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ALASKA

744Alaska Treadwell Gold Mining Company,certificates for 10 and 20 shares of $25 each, SanFrancisco 189[0], numbers 3456 and 4538, minersunderground at left, mountains at right, green andorange respectively, with coupons, someendorsements on face, very fine. (2)

£80-100

745A good Collection from Alaska: Alaska Gold MinesCo. (ME), less than 100 shares, [1913], eagle, orange;Alaska Gold Mining Co. (DE), $1 shares, [1902],miners panning, red; Alaska Gold Syndicate Co. (AZ),$1 shares, 189[8], hydraulic mining, brown; AlaskaMexican Gold Mining Co. (CA), 50 shares of $5,19[08], miners at bottom, blue, cancelled; AlaskaUnited Gold Mining Co., 20 shares of $5, 1895,miners at bottom, blue, with coupons; Colorado &Cape Nome Mining Co. (CO), $1 shares, 190[8],black; David Ward Yukon Alaska Gold Mining Co.(AZ), $1 shares, 1[898], miners at top, brown; FreeGold Mining and Milling Company of Alaska, $1shares, 1[897], miners at top, brown; Last ChanceGold Mining Co. of Alaska (NJ), $1 shares, 1[898],gold sluicing at top, brown, gold seal; Munina-AlaskaGold Mining Co. (AZ), $1 shares, 1[897], Liberty topleft, black, gold seal; New York and Alaska GoldExploration and Trading Co. (WV), $1 shares,1[898], miners top left, black and green, gold seal;Nome and Sinook Company (ME), $5 shares, 190[8],mining at top, black, gold seal, counterfoil reglued atleft; Pande Basin Gold Placer Co. (WV), $1 shares,1[899], eagle, and, Rampart City Gold Mines Co.(AZ), $1 shares, 190[2], miners at top, black andgold, gold seal, fine to very fine, a few better, severalrare. (14)

£250-300

ARIZONA746Montana Gold and Silver Mining Co., Oro BlancoMining District, Pima County (AZ), $2 shares,Camden NJ 18[82], no.763, vignettes of mineworkers at top and left, ornate border, black with redunderprint, small tear on fold at top, otherwise very fine.

£60-80

747Seven Stars Gold Mining Co. (NJ), $5 (£1)‘London Issue’ shares, 189[2], no.271, ornate border,blue, together with certificate for $5 shares, Jersey City18[92], no.333, mine workers at top, ornate border,green and black, both good very fine. (2)

£60-80

CALIFONIA - GOLD RUSH748Ave Maria Gold Quartz Mine, Mariposa,California, a set of 3 certificates for 5, 10 and 20shares of £1, undated but 1851/1852, blue, black andorange respectively, scrollwork at left, the last withrepaired tear at bottom, fine to about very fine. (3)

£100-120

749Compagnie de la Rivière Yuba, ‘Company “enCommandite” for Gold Washing in Alta California’, 5shares of 25 francs or £1 each, 1852, no.2666-2670,ornate border, black and grey, text in English andFrench, tear at top right corner otherwise very fine.

£80-100

750Compagnie Française et Americaine de SanFrancisco, 5 franc share, Paris 1850, no.40774, smallformat but attractive piece with miners at top, ornateborder, black, slight spotting, very fine.

£80-100


UNITED STATES OF AMERICA


161

751Herbertville Quartz Mining Co., Amador County(CA), certificate for one share, 1855, no.92, smallformat, black printing on blue paper, hand annotationon reverse, good very fine.

£80-100

752L’Aurifère Compagnie Universelle des Mines D’Orde la Californie, 10 franc share, 2nd issue, 1850,no.9443, small format, ornate border, black on yellowpaper, very fine.

£80-100

753La Californie, Compagnie Commerciale etMaritime pour L’Exploitation des Mines d’Or etde Mercure, 10 franc share, Paris 185[0], no.77,ornate border, black and grey, some toning but veryfine.

£80-100

754La Gerbe D’Or, Compagnie du Commerce pourl’Exploitation des Terrains et des Mines d’Or de laCalifornie, one share of 10 francs, Paris 1850,no.4362, ornate border, black with grey underprint,good very fine.

£80-100

755Le Nouveau Monde, Compagnie en Commanditepour L’Exploitation des Mines d’Or de laCalifornie, a group of certificates, 1851, for 25 francshares comprising 1 share, no.190134, facsimilesignature of John Taylor Jr., blue, 5 shares, no.52271-52275, signed by Richard Taylor, 1, 5 and 10 shares,later issue, 1851 where ‘Californie’ has been removedfrom title, black on green, pink and blue paperrespectively, fine to very fine, the first, third and fifthquite scarce. (5)

£80-100

756London & Virginia Gold & Copper Mining Co., 5shares, 1853, no.3011-3015, scrollwork at left, blackon grey paper, creased at bottom right corner, aboutvery fine and scarce.

£60-80

CALIFORNIA - LATER GOLD STRIKES

757Consolidated St. Nicholas and San Francisco GoldMining Co. (CA), $10 shares, San Diego 188[9],no.218, vignettes of each mine at left and right, ornateborder, brown and green, embossed paper seal bottomleft, good very fine.

£60-80

758California, Grass Valley Mining District, NevadaCounty, group of 9 certificates comprising; ScaddenFlat Gold Mining Co., $10 shares, 187[8], black onbuff; Allison Ranch Ford Gold Mining Co., $50shares, 1[902], black; Washington Mining Co., $3shares, 18[81], black; New York Hill Mining Co.,$100 shares, 18[82], punch cancelled, black; SouthIdaho Consolidated Mining and Milling Co., $1shares, 189[3], black; Maryland Gold Quartz MiningCo., $100 shares, 188[5], brown, and $20 shares,18[97], black; Centennial Quartz Mining Co., $10shares, 189[1], black, and Pennsylvania ConsolidatedMining Co., $100 shares, 189[6], black, most goodvery fine, the last with large stain, only fine. (9)

£200-250



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759Kooleon Quartz Mining Co., Gold Flat, NevadaCounty (CA), $100 shares, Nevada 186[3], no.3,small mining scene below title, ‘Eureka’ inset, blackwith pink underprint, several pin holes at top left, goodvery fine.

£150-200

760Lake Mining Co., Lake County (CA), $1000 shares,San Francisco 186[3], no.7, ‘Eureka’ in centre belowtitle, ornate border, black with blue underprint, stainon right edge, about very fine.

£150-200

761California, Marin County, two certificates; SanGeronimo Gold and Silver Mining Co., $100 shares,San Francisco 18[79], no.22, ornate border, black,and San Pedro Gold and Silver Mining Co., $100shares, San Francisco 18[79], no.1, black, the secondwith marks from adhesive tape, both about very fine. (2)

£60-80

762Newport Gold and Silver Mining Co., El PasoDistrict, Los Angeles (CA), $50 shares, Los Angeles186[4], no.49, ornate border, scrollwork at left, black,good very fine.

£120-150

763Pennsylvania Gold and Silver Mining Co.,certificate for $100 shares, Meadow Lake, NevadaCounty 186[6], no.16, small format, ornate border,black, good very fine.

£80-100

764California, Plumas County, group of threecertificates comprising; Hungarian Hill Gravel MiningCo. (CA), 100 shares of $100 each, San Francisco187[9], ornate border and mining scene at top, black;Gold Stripe Mining Company of California, 100shares of $10 each, New York 188[1], ornate border,black with pink underprint, and Cherokee GoldMining Co. (CA), 100 shares of $10 each, New York188[0], vignette of gold crushing mill at top,American eagle bottom left, ornate border, blue andblack, the second with slight staining, all have pin holes,about very fine. (3)

£100-120

765Sweet Vengeance Gold & Silver Mining Co., YubaCounty (CA), certificate for $50 shares, San Francisco186[5], no.522, vignette at top right of allegoricalmale holding horn filled with gold bars, ornate border,black, several pin holes and slight staining, about veryfine.

£150-200

766Triunfo Gold and Silver Mining Co. (CA), $200shares, San Francisco 186[3], no.470, American eaglein centre, vignette of horse-drawn cart and building atbottom left, red and black with pale green underprint,very fine.

£150-200

767Triunfo Gold & Silver Mining Co., San AntonioDistrict (CA), $200 shares, San Francisco 186[4],no.119, vignette of mine site below title, ornateborder, black with purple underprint, good very fine.

£100-150



163

768California, Tuolumne County, group of 4certificates comprising; Palisade Gold Mining Co.,$100 shares, San Francisco 187[6], no.191, ornateborder, black on buff; Consolidated Eureka GoldMining Co., $100 shares, San Francisco 18[96],no.10, ornate border, black; Ribbon Rock GoldMining Co., $1 shares, San Francisco 189[8], no.157,ornate border, black, and Homestake Gold MiningCompany of Tuolumne, $1 shares, San Francisco189[8], no.243, ornate border, black, the third hasfiling holes at left, otherwise all good very fine. (4)

£100-120

COLORADO

769Apothecaries Gold Mining Company (CO), $1shares, Colorado Springs 189[8], unique vignette ofapothecary’s scales top left, blue and brown, gold seal,good very fine.

£60-80

770Arcadia Mining Company (CO), $1 shares,Colorado Springs 189[6], no.1925, lovely unusualwooded river scene at bottom left, black, greyunderprint, good very fine.

£60-80

771Colorado & New England Mining Co., ClearCreek County (CO), $10 shares, Georgetown18[82], no.50, unusual portrait orientation, vignetteof miners at work below title, ornate border, black,about exremely fine.

£60-80

772Colorado Gold Mining Company of Philadelphia,certificate for $3 shares, Philadelphia 18[70], no.410,American eagle at top, workers in mine shaft to left,black, embossed stamped ‘consolidated preferredstock April 1870 par value $5 per share’ on face, veryfine.

£80-100

773Consolidated Nighthawk and Nightingale GoldMining Company (CO), $1 shares, Denver 189[2],no.1796, miners underground at left, mine buildingand wagons at right, gold and black, gold seal, goodvery fine.

£60-80



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774Cripple Creek Mining District: Little Corporal GoldMining Co., 189[9], no.798; Key West Gold MiningCo., 1[900], no.1451; Golden Age Gold Mining Co.,189[8], no.1382; German-American Gold MiningCo., 190[1], no.908; Celestine Gold Mining Co.,1[900], no.132; Anna May Gold Mining Co., 189[9],no.721; Acme Consolidated Gold Mining Co.,1[896], no.283; Margaret Gold Mining Co., 1[899],no.723; Squaw Mountain Tunnel Gold Mining andDrainage Co., 189[9], no.2705, and Trenton GoldMining Co., 190[0], no.995, several with vignettes,most with additional fact sheets about the companies,generally very fine. (10)

£200-300

775Cripple Creek Mining District: Senator GoldMining Co., 189[6], no.698; Navajo ConsolidatedMining Co., [1901], no.26, vignette of nativeAmerican; Little Johnnie Gold Mining Co., 189[900],no.319; Goldfield Mining Co., 189[5], no.316;Golden Guinea Mining & Milling Co., 189[5], no.12,miners at right; Gilpin & Cripple Creek Gold MiningCo., 1[899], no.43; Pauline Gold Mining Co.,189[9], no.564; Fulton-Marguerite Mining Co.,1[899], no.588, and Agate Gold Mining Co., 189[6],no.456, several with vignettes, very fine to extremelyfine. (10)

£200-300

776Colorado: Freshwater Mining District; a pair ofcertificates Gold Hill Mining & Milling Co. (CO), $1shares, Guffey 189(8), no.7, miners at top, gold andblack, together with Freshwater Gold Mining andMilling Co. (CO), $1 shares, Freshwater 189[7],no.58, miners at top, red-brown, gold seal, both veryfine and scarce. (2)

£60-80

777Moon-Anchor Gold Mining Co. (CO), $1 shares,Colorado Springs 190[8], no.6526, anchor and chainsuspended from half moon in centre, border comprisesgold chain with anchors in each corner, black andgold, gold seal, capital overprinted $3 million,trifolded otherwise extremely fine.

£100-150

778National Gold Mining Co. (NY), $10 shares,Boston 186[6], no.257, fine border, black and blue,red company seal, very fine.

£80-100

779Royal Gold Mining Company Ltd. (CO), a groupof certificates for $1 shares, Colorado Springs, 189[8],numbers 99, 104, 109, 110 and 111, crown withintitle, blue, gold seal, very fine and better. (5)

£80-100

780Unity Gold Mining Company (CO), a group ofcertificates for $1 shares, Colorado Springs 189[6],numbers 583, 584, 585, 586, 588 and 589, ornateborder, black and green, very fine and better. (6)

£80-100

781Vanderbilt Consolidated Mining Co. (CO),certificate for $10 shares, Philadelphia 18[82],no.100, an attractive piece with vignettes of workersabove ground at top, and in mine shaft to left, ornateborder, black and green with pink underprint, aboutextremely fine.

£60-80



165

DAKOTA TERRITORY

782Stand By Gold Mining Co. (NY), $10 shares, NewYork 18[79], no.211, vignettes of miners at workbeneath title, and in mine shaft at right, ornate border,black, slight discolouration to edges, multiple creases,fine.

£60-80

Mine in Rochford Mining District, Pennington County,Dakota Territory.

IDAHO TERRITORY

783Great Consolidated Boise River Gold & SilverMining Co., Placer District (Idaho Territory),$100 shares, 186[4], no.919, lovely vignette of minesite in centre, ornate border, black, good very fine.

£150-200

MONTANA784Montana Gold and Silver Mining Co. (PA), $10shares, Philadelphia 18[67], no.300, vignette of minesite at top, ornate border, black, good very fine.

£100-150

Mines at Spring Gulch, Montana.

NEVADA

785Atwill Gold and Silver Mining Co., FloweryMining District, Storey County (NV), $200 shares,Virginia 186[3], no.5, American eagle below title,floral bouquet at left, blue, very fine.

£150-200

786Costa Rica Gold and Silver Mining Co., VirginiaMining District (NV), $500 shares, Virginia City186[3], no.29, ornate border, grey-black, revenuestamp on face, several small edge tears, about very fine.

£80-100

787Monte Christo Gold and Silver Mining Co. ofNevada (PA), $20 shares, Philadelphia 18[68],no.534, vignette of mine shaft to left, American eagleat top, ornate border, black, good very fine.

£120-150



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788Oriental Gold and Silver Mining Co., VirginiaMining District (NV), $500 shares, Virginia 186[3],no.41, American eagle in centre and also to left withsteam ship above, black, light discolouration in places,fine to very fine.

£150-200

789State of Maine Gold and Silver Mining Co., GoldHill, Nevada Teritory, (ME), $500 shares, Gold Hill186[3], no.78, American Indian on horseback bottomleft, American eagle bottom right, black, very slighttearing on folds, very fine.

£150-200

790State Line Gold Mining Co., Gold MountainDistrict, Esmeralda County (NV), a group of fourcertificates comprising; $25 shares, no.A2162, mineworkers at left, black; $25 ‘No.2’ shares, no.A3484,miners on horseback at top right, brown and black;$25 ‘No.3’ shares, no.A3522, workers in mine shaftbelow title, orange and black, and $25 ‘No.4’ shares,no.A2666, miners above ground at top and working inshaft to left, brown and black, all 188[1], first threeabout extremely fine, the last very fine. (4)

£100-120

791Tuscarora Mining District, Elko County, Nevada;Tuscarora Consolidated Mill and Mining Co., 187[7],No.1, miners and mining tools; Navajo Mining Co.,18[93], no.12049, native American at left, andPiedmont Gold & Silver Mining Co., 188[8], no.4,the first with two light folds, extremely fine, the othersgood fine to very fine. (3)

£80-100

792Union Mining Co. (PA), certificate for $5 shares,Philadelphia 18[65], no.267, a resting mine workersits beneath the title, ornate border, black, slight edgetears on creases, about very fine.

£80-100

793Virginia Mining District, Nevada: Mary Ann Gold& Silver Mining Co., 187[5], no.45; RepresentativeGold & Silver Mining Co., 18[79], no.26; CaliforniaMining Co., 1877, no.54709; Consolidated VirginiaMining Co., 187[8], no.40491, and ConsolidatedCalifornia & Virginia Mining Co., 188[5], no.4417,the last two good fine and fine, otherwise very fine andbetter, the first two rare. (5)

£120-150

794Webster Gold and Silver Mining Co., Reese RiverDistrict, Lander County (NV), $200 shares, SanFrancisco 186[3], no.40, vignette of miner at mineentrance in centre, American eagle to left, ornateborder, black with green underprint, large tear/hole atleft, otherwise very fine.

£100-150



167

NORTH CAROLINA

795North Barrier Gold Mining Co., Cabarrus County(NC), $100 shares, Washington 186[8], no.125,vignette beneath title of workers in mine shaft, ornateborder, black, good very fine.

£100-120

796Stewart Gold Mining Co. (NC), certificate for $50shares, Philadelphia 18[60], no.23, vignettes of steamtrain passing at top, mine worker at left, and the mineshaft to right, ornate border, black, pin hole at top leftcorner, otherwise good very fine.

£80-100

797Tucker Gold Mining Co. (NC), certificate for $1shares, Philadelphia 188[4], no.530, vignette ofworkers in mine caves beneath title, ornate border,black, pin holes top left, otherwise good very fine.

£60-80

OREGON798Cracker=Jack Consolidated Gold Mines Co. (AZTerr), $1 shares, Milwaukee 190[3], no.1673,unusual piece in portrait format, photographicvignette of mine buildings in centre, brown and black,very fine and scarce.

£60-80

Mines at Sumpter, Oregon.

799Lucky Queen Gold and Silver Mining Co. (OR),$1 shares, Roseburg 187[6], no.547, vignette of mineworkers and cart at mine entrance, ornate border,black and red, nick to bottom edge, very fine.

£100-120

PENNSYLVANIA

800Amber Gold Mining Co., Greene County (PA), $1shares, Philadelphia 186[6], no.312, vignette ofworkers sifting gold at top, and workers in mine shaftto left, ornate border, black, small edge tears on folds,very fine.

£80-100

A reconstruction of Amber Oil Co.

801Blair County Mine (PA), certificate for $5 shares,New York 185[2], no.52, vignette at top of men inboat with ore, ornate border, black, very fine.

£80-100

A branch of the Ocoee Mining Co. of Tennessee.



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802Lion Hill Mining Co. (Utah Territory), $10 shares,Salt Lake City [1900], no.120, small vignette of minerunder title, ornate border, blue and gold, togetherwith Godiva Mining Co. (Utah Territory), $100shares, Salt Lake City 18[98], no.15, ornate border,gold and black, both very fine., (2)

£60-80

Lion Hill; Mines in the Ophir Mining District.

VIRGINIA803Bertha & Edith Gold Mining Co. (NY), a pair ofcertificates for $10 shares, the first 18[77], no.212,ornate floral border, the second dated 18[78],no.1026, vignette of workers sifting gold, ornateborder, black, the second has several pin holes, both withslight discolouration, about very fine. (2)

£60-80

Goochland County, Virginia.

804Eagle Gold Mining Co. (VA), $50 shares,Philadelphia 18[50], no.222, American eagle belowtitle, ornate border, blue, tiny nicks to right edge, aboutvery fine.

£80-100

805Great Republic Gold and Silver Mining Co. (VA),7% first mortgage bond for £50, 1867, no.1849,attractive piece with ‘Liberty’ and American eaglebelow title, Queen Victoria to left, Abraham Lincolnto right and smelting machines at bottom, ornateborder, printed by the Continental Banknote Co.,green and black, with coupons, extremely fine.

£60-80

WYOMING TERRITORY806Seminole Gold & Silver Mining Co. (WyomingTerritory), $1 shares, Seminole 187[8], no.2849,American eagle below title, ornate border, black andgold with pale green underprint, very fine.

£80-100


END OF THE SALE


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SALE TITLE DATE CODE NAME SALE NO.

Bonds and Share Certificates Friday 20 November 2015 GERMANIA 15019of the World at 10.00 a.m.

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Friday 20 November 2015 15019at 10.00 a.m.

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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


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

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1 DEFINITIONS The following definitions apply in these conditions:Auctioneers’ Margin Scheme means a VAT margin scheme as defined by HM Revenue & Customs;Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below; Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot; Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3; Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to

authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the descriptionin the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordancewith the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/orrestoration work of any kind (including re-enamelling);

Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot;Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in any

catalogue;Reserve the amount below which we agree with the Seller that the Lot cannot be sold;Seller means the owner of the Lot being sold by us; Spink Group Spink and Son Limited, our subsidiaries and associated companies.VAT value added tax chargeable under VAT and any similar replacement or additional tax; andVAT Symbols means the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.

2 SPINK’S ROLE AS AGENT

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

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

3 BEFORE THE SALE3.1 Examination of goods

You are strongly advised to examine personally any goods in which youare interested, before the auction takes place. Condition reports areusually available on request. We provide no guarantee to you otherthan in relation to Forgeries, as set out in clause 5.13 of these Termsand Conditions.

3.2 Catalogue descriptions3.2.1 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 merelystatements of opinion, and are not to be relied on as statements ofdefinitive fact. Catalogue and web illustrations are for guidanceonly, and should not be relied on either to determine the tone orcolour of any item. No lot shall be rejected on the grounds ofinaccurate reproduction. No lot illustrated in the catalogue andonline shall be rejected on the grounds of cancellation, centring,margins, perforation or other characteristics apparent from theillustration. Estimates of the selling price should not be relied on asa statement that this price is either the price at which the Lot willsell or its value for any other purpose.

3.2.2 Many items are of an age or nature which precludes their beingin perfect condition and some descriptions in the catalogue or givenby way of condition report make reference to damage and/orrestoration. We provide this information for guidance only and theabsence of such a reference does not imply that an item is free fromdefects or restoration nor does a reference to particular defectsimply the absence of any others.

3.2.3 Other than as set out in clause 5.13, and in the absence of fraud,neither the Seller nor we, nor any of our employees or agents, areresponsible for the correctness of any statement as to theauthorship, origin, date, age, attribution, genuineness orprovenance of any Lot nor for any other errors of description or forany faults or defects in any Lot. Every person interested shouldexercise and rely on his own judgment as to such matters.

3.3 Your ResponsibilityYou are responsible for satisfying yourself as to the condition of thegoods and the matters referred to in the catalogue description.

3.4 Extensions – Stamps only3.4.1 If you wish to obtain an expert opinion or Certificate of

Authenticity on any Lot (other than a mixed Lot or Lot containingundescribed stamps) you must notify us in writing not less thanforty-eight hours before the time fixed for the commencement ofthe first session of the sale. If accepted by us, such request shall havethe same effect as notice of an intention to question thegenuineness or description of the Lot for the purposes of clause5.13 (Refund in the case of Forgery) of these Terms andConditions and the provisions of clause 5.13 (Refund in the case ofForgery) shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate ofAuthenticity must give the reason why such opinion is required andspecify the identity of your proposed expert which will be subjectto agreement by us. We reserve the right, at our discretion, torefuse a request for an expert opinion or Certificate of Authenticityincluding (without limitation) where the proposed expert is notknown to us.

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

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

3.4.5 Should Spink accept a request for an extension under theforegoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the Lot.

3.4.6 It should be noted that any stamp accompanied by a Certificateof Authenticity is sold on the basis of that Certificate only and noton the basis of any other description or warranty as to authenticity.No request for an extension will be accepted on such a stamp andthe return of such a stamp will not be accepted.

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

4 AT THE SALE4.1 Refusal of admission

Our sales usually take place on our own premises or premises overwhich we have control for the sale, and we have the right, exercisableat our complete discretion, to refuse admission to the premises orattendance at an auction.

4.2 Registration before biddingYou must complete and sign a registration form and provideidentification before making a bid at auction. Please be aware that weusually require buyers to undergo a credit check.If you have not bid successfully with Spink in the past, or you areregistering with us for the first time, we reserve the right to require adeposit of up to 50% of the amount you intend to spend. Such depositwill be deducted from your invoice should you be successful. If you areunsuccessful at auction, your deposit will be returned by the samemeans it was paid to Spink.Some lots may be designated, prior to the auction, as “Premium Lots”,which means a deposit may be required before placing a bid on theitem for sale. Information will be posted on our website in such anevent.

4.3 Bidding as PrincipalWhen making a bid (whether such bids are made in person or byway of telephone bids operated by Spink, commission or online oremail bids), you will be deemed to be acting as principal and will beaccepting personal liability, unless it has been agreed in writing, at thetime of registration, that you are acting as agent on behalf of a thirdparty buyer acceptable to us.

4.4 Commission BidsIf you give us instructions to bid on your behalf, by using the formprovided in our catalogues or via our website, we shall use reasonableendeavours to do so, provided these instructions are received not laterthan 24 hours before the auction. If we receive commission bids on aparticular Lot for identical amounts, and at auction these bids are thehighest bids for the Lot, it will be sold to the person whose bid wasreceived first. Commission bids are undertaken subject to othercommitments at the time of the sale, and the conduct of the auctionmay be such that we are unable to bid as requested. Since this isundertaken as a free service to prospective buyers on the terms stated,we cannot accept liability for failure to make a commission bid. Youshould therefore always attend personally if you wish to be certain ofbidding.


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4.5 On-line BiddingWe offer internet services as a convenience to our clients. We will notbe responsible for errors or failures to execute bids placed on theinternet, including, without limitation, errors or failures caused by (i) aloss of internet connection by either party for whatever reason; (ii) abreakdown or problems with the online bidding software and/or (iii)a breakdown or problems with your internet connection, computer orsystem. Execution of on-line internet bids on www.spink.com andSpink Live is a free service undertaken subject to other commitments atthe time of the auction and we do not accept liability for failing toexecute an online internet bid or for errors or omissions in connectionwith this activity. Buyers who acquire lots on the-saleroom.com willhave a fee of 3% on the hammer price added to their invoice for usingthis facility.

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

4.7 Currency ConverterAt some auctions, a currency converter will be operated, based on theone month forward rates of exchange quoted to us by Barclays BankPlc or any other appropriate rate determined by us, at opening on thedate of the auction. Bidding will take place in a currency determined byus, which is usually sterling for auctions held in London. The currencyconverter is not always reliable, and errors may occur beyond ourcontrol either in the accuracy of the Lot number displayed on theconverter, or the foreign currency equivalent of sterling bids. We shallnot be liable to you for any loss suffered as a result of you following thecurrency converter.

4.8 Video imagesAt some auctions there will be a video screen. Mistakes may occur in itsoperation, and we cannot be liable to you regarding either thecorrespondence of the image to the Lot being sold or the quality of theimage as a reproduction of the original.

4.9 Bidding IncrementsBidding generally opens below the low estimate and advances in thefollowing order although the auctioneer may vary the biddingincrements during the course of the auction. The normal biddingincrements are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £20,000 by £500£20,000 and up Auctioneer’s discretion

4.10 Bidding by Spink4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to

the amount of the Reserve (if any), which will never be above thelow estimate printed in the auction catalogue.

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

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

4.12 Successful BidSubject to the auctioneer’s discretion, the striking of his hammer marksthe acceptance of the highest bid, provided always that such bid ishigher than the Reserve (where applicable), and the conclusion of acontract for sale between you and the Seller.

4.13 After Sale Arrangements If you enter into any private sale agreements for any Lot with the Sellerwithin 60 days of the auction, we, as exclusive agents of the Sellerreserve the right to charge you the applicable Buyer’s Premium inaccordance with these Terms and Conditions, and the Seller acommission in accordance with the terms of the Seller’s agreement.

4.14 Return of Lot4.14.1 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 within7 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 Lotand the refund of the corresponding purchase price is entirely atour sole discretion. We will not normally exercise that discretion ifthe Lot is not received by us in the same condition that it was in atthe auction date.

4.14.2 No lot may be returned on account of condition if thecondition was stated by a third party grading company (including,but not limited to PCGS, NGC, ANACS, ICG, PMG, WBG).

5 AFTER THE AUCTION5.1 Buyer’s Premium and other charges

In addition to the Hammer Price, you must pay us the Buyer’sPremium at a rate of 20% of the final Hammer price of each lot, a feeof 3% on the hammer price total for using the-saleroom.com and a feefor paying by credit card.

5.2 Value Added TaxOther than in respect of Zero-rated Lots (o) VAT is chargeable on theHammer price and the Buyer’s premium of daggered (†) and (Ω) lotsat the standard rate (currently 20%), and on lots marked (x) at thereduced rate (currently 5% on the Hammer price and 20% on theBuyer’s premium). VAT on Margin scheme lots (identified by theabsence of any VAT symbol next to the lot number) is payable at 20%on the Buyer’s premium only.

5.3 VAT RefundsGeneral5.3.1 As we remain liable to account for VAT on all Lots unless they

have been exported outside the EU within 3 months of the date ofsale, you will generally be asked to deposit all amounts of VATinvoiced. However, if a Spink nominated shipper is instructed, thenany refundable VAT will not be collected. In all other cases creditswill be made when proof of export is provided. If you export theLot yourself you must obtain shipping documents from theShipping Department for which a charge of £50 will be made.

5.3.2 If you export the Lot you must return the valid proof of exportcertificate to us within 3 months of the date of sale. If you fail toreturn the proof of export certificate to us within such period andyou have not already accounted to us for the VAT, you will beliable to us for the full amount of the VAT due on such Lot and weshall be entitled to invoice you for this sum.

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

VAT Refunds - Buyers from within the EU5.3.4 VAT refunds are available on the Hammer Price and Buyer’s

Premium of Daggered (†) and Investment Gold (g) Lots. You mustcertify that you are registered for VAT in another EU country andthat the Lot is to be removed from the United Kingdom within 3months of the date of sale.

5.3.5 Where an EU buyer purchases a Lot on which import VAT hasbeen charged, no refund of VAT is available from us. It may bepossible to apply directly for a refund on form VAT 65 toHM Revenue & Customs Overeseas Repayment Section,Londonderry.

VAT Refunds – Buyers from outside the EU5.3.6 Where a Lot is included within the Auctioneers’ Margin Scheme

and evidence of export from the EU is produced within 3 monthsof the date of sale, the VAT on Buyer’s Premium may be refunded.

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

5.3.8 Where the Lot is marked as an Omega (Ω) Lot or an ImportVAT (x) Lot and evidence of export from the EU is producedwithin 3 months of the date of sale, the VAT charged on both theHammer Price and Buyer’s Premium may be refunded. Whererequired, we can advise you on how to export such Lots as a specificform of export evidence is required. Where we advise you on theexport of the Lots, please be aware that the ultimate responsibilityin respect of obtaining a valid proof of export certificate will lie withyou and we will not be responsible for your failure to obtain suchcertificate.

5.4 Payment5.4.1 You must provide us with your full name and permanent address

and, if so requested, details of the bank from which any paymentsto us will be made. You must pay the full amount due (comprisingthe Hammer Price, the Buyer’s Premium and any applicable VAT)within seven days after the date of the sale. This applies even if youwish to export the Lot and an export licence is (or may be)required.

5.4.2 You will not acquire title to the Lot until all amounts due have been paid in full. This includes instances where specialarrangements were made for release of Lot prior to full settlement.

5.4.3 Payment should be made in sterling by one of the followingmethods:II(i) Direct bank transfer to our account details of which are set

out on the invoice. All bank charges shall be met by you.Please ensure that your client number is noted on thetransfer.

i(ii) By cheque or bank draft made payable to Spink and Son Ltdand sent to Spink at 69 Southampton Row, Bloomsbury,London WC1B 4ET. Please note that the processing chargesfor payments made by cheques or bank drafts drawn on anon-U.K bank shall be met by you. Please ensure that theremittance slip printed at the bottom of the invoice isenclosed with your payment.

(iii) By Visa or Mastercard. A fee of 2% will be applied. Paymentsmade by American Express are subject to a 4% fee. Paymentsexceeding £5,000 can normally only be made by the cardholder in person whilst on our premises.

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


5.5 InvoicesInvoices may consist of one or more pages and will show: Zero ratedLots (o); no symbol Lots sold under the Auctioneers’ Margin Scheme;Lots marked (g) special scheme Investment Gold; Daggered Lots (†),imported Lots marked (x) and (Ω), (e) Lots with Zero rated hammerfor EU VAT registered buyers.

5.6 Collection of Purchases5.6.1 Unless specifically agreed to the contrary, we shall retain lots

purchased until all amounts due to us, or to the Spink Group, havebeen paid in full. Buyers will be required to pay for their lots whenthey wish to take possession of the same, which must be within 7days of the date of the sale, unless prior arrangements have beenmade with Spink. Without prior agreement, lots will not be releaseduntil cleared funds are received with regard to payments made bycheque.

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

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

5.7 NotificationWe are not able to notify successful bidders by telephone. WhileInvoices are sent out by mail after the auction we do not acceptresponsibility for notifying you of the result of your bid. You arerequested to contact us by telephone or in person as soon as possibleafter the auction to obtain details of the outcome of your bids to avoidincurring charges for late payment.

5.8 Packing and handling5.8.1 We shall use all reasonable endeavours to take care when

handling and packing a purchased Lot but remind you that afterseven days or from the time of collection, whichever is sooner, theLot is entirely at your risk. Our postage charges are set out at theback of the catalogue.

5.8.2 It is the responsibility of the Buyer to be aware of any ImportDuties that may be incurred upon importation to the finaldestination. Spink will not accept return of any package in order toavoid these duties. The onus is also on the Buyer to be aware of anyCustoms import restrictions that prohibit the importation ofcertain collectibles. Spink will not accept return of the Lot(s) underthese circumstances. Spink will not accept responsibility for Lot(s)seized or destroyed by Customs.

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

5.9 Recommended packers and shippersIf required our shipping department may arrange shipment as youragent. Although we may suggest carriers if specifically requested, oursuggestions are made on the basis of our general experience of suchparties in the past and we are not responsible to any person to whomwe have made a recommendation for the acts or omissions of the thirdparties concerned.

5.10 Remedies for non-payment or failure to collect purchases5.10.1 If you fail to make payment within seven days of your stipulated

payment date set out in your invoice, we shall be entitled to exerciseone or more of the following rights or remedies:5.10.1.1 to charge interest at the rate of 2% per month compound

interest, calculated on a daily basis, from the date the fullamount is due;

5.10.1.2 to set off against any amounts which the Spink Group mayowe you in any other transaction the outstanding amountremaining unpaid by you;

5.10.1.3 we may keep hold of all or some of your Lots or otherproperty in the possession of the Spink Group until you havepaid all the amounts you owe us or the Spink Group, even if theunpaid amounts do not relate to those Lots or other property.Following fourteen days’ notice to you of the amountoutstanding and remaining unpaid, the Spink Group shall havethe right to arrange the sale of such Lots or other property. Weshall apply the proceeds in discharge of the amount outstandingto us or the Spink Group, and pay any balance to you;

5.10.1.4 where several amounts are owed by you to the SpinkGroup in respect of different transactions, to apply any amountpaid to discharge any amount owed in respect of any particulartransaction, whether or not you so direct;

5.10.1.5 to reject at any future auction any bids made by you or onyour behalf or obtain a deposit from you before accepting anybids.

5.10.2 If you fail to make payment within thirty-five days, we shall inaddition be entitled:

5.10.2.1 to cancel the sale of the Lot or any other item sold to youat the same or any other auction;

5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, ifthis results in a lower price being obtained, claim the balancefrom you together with all reasonable costs including a 20%seller’s commission, expenses, damages, legal fees, commissionsand premiums of whatever kind associated with both sales orotherwise, incurred in connection with your failure to makepayment;

5.10.2.3 when reselling the Lot, place a notice in our cataloguestating that you successfully purchased the Lot at auction buthave subsequently failed to pay the Hammer Price of the Lot; or

5.10.2.4 take any other appropriate action as we deem fit.5.10.3 If you fail to collect within fourteen days after the sale, whether

or not payment has been made, you will be required5.10.3.1 to pay a storage charge of £2 per item per day plus any

additional handling cost that may apply. 5.10.3.2 you will not be entitled to collect the Lot until all

outstanding charges are met, together with payment of all otheramounts due to us.

5.11 Uses of default informationIf you fail to make payment for a Lot in accordance with these Terms andConditions:5.11.1 We reserve the right to refuse you the right to make bids for any

future auction irrespective of whether previous defaults havebeen settled; and

5.11.2 You consent to us disclosing details of such default to otherauctioneers and live bidding platforms, which will include yourname, address, nature of the default and the date of the default.

Auctioneers or live bidding platforms who receive details of the defaultmay rely on such information when deciding whether to enter into atransaction with you in the future.

5.12 Export Licence5.12.1 If required we can, at our discretion, advise you on the detailed

provisions of the export licensing regulations. Where we advise youin relation to export licensing regulations the ultimate responsibilityin respect of any export will lie with you and we will not beresponsible for your failure to apply for any necessary licences.

5.12.2 If the Lot is going to be hand carried by you, you may berequired to produce a valid export licence to us or sign a waiverdocument stating that a licence will be applied for.

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

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

5.12.5 If you request that we apply for an export licence on yourbehalf, we shall be entitled to recover from you our disbursementsand out of pocket expenses in relation to such application, togetherwith any relevant VAT.

5.12.6 We will not be obliged to rescind a sale nor to refund anyinterest or other expenses incurred by you where payment is madeby you despite the fact that an export licence is required.

5.13 Refund in the case of Forgery5.13.1 A sale will be cancelled, and the amount paid refunded to you

if a Lot (other than a miscellaneous item not described in thecatalogue) sold by us proves to have been a Forgery. We shall nothowever be obliged to refund any amounts if either (a) thecatalogue description or saleroom notice at the auction datecorresponded to the generally accepted opinion of scholars orexperts at that time, or fairly indicated that there was a conflict ofopinions, or (b) it can be demonstrated that the Lot is a Forgeryonly by means of either a scientific process not generally acceptedfor use until after publication of the catalogue or a process which atthe date of the auction was unreasonably expensive or impracticableor likely to have caused damage to the Lot. Furthermore, youshould note that this refund can be obtained only if the followingconditions are met:5.13.1.1 you must notify us in writing, within seven days of the

receipt of the Lot(s), that in your view the Lot concerned is aForgery;

5.13.1.2 you must then return the item to us within fourteen daysfrom receipt of the Lot(s), in the same condition as at theauction date; and

5.13.1.3 as soon as possible following return of the Lot, you mustproduce evidence satisfactory to us that the Lot is a Forgery andthat you are able to transfer good title to us, free from any thirdparty claims.

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

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

5.13.3 The benefit of this guarantee is not capable of beingtransferred, and is solely for the benefit of the person to whom theoriginal invoice was made out by us in respect of the Lot when soldand who, since the sale, has remained the owner of the Lot withoutdisposing of any interest in it to any third party.

5.13.4 We shall be entitled to rely on any scientific or other process toestablish that the Lot is not a Forgery, whether or not such processwas used or in use at the date of the auction.

6 LIABILITY Nothing in these Terms and Conditions limits or excludes our liability for:6.1 death or personal injury resulting from negligence; or 6.2 any damage or liability incurred by you as a result of our fraud or

fraudulent misrepresentation.

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7 USE OF YOUR PERSONAL INFORMATION7.1 We will use the personal information you provide to us to:

7.1.1 process the bids you make on Lots (whether successful orotherwise) and other auction related services we provide;

7.1.2 process your payment relating to a successful purchase of a Lot;7.1.3 arrange for delivery of any Lot you purchase, which will include

passing your details to shipping providers and, on overseasdeliveries, to customs where they make enquiries regarding the Lot;

7.1.4 inform you about similar products or services that we provide,but you may stop receiving these at any time by contacting us.

7.2 In accordance with clause 4.2, you agree that we may pass yourinformation to credit reference agencies and that they may keep a recordof any search that they do.

7.3 In accordance with clause 5.11, you agree that where you default onmaking payment for a Lot in accordance with these terms and conditionswe may disclose details of such default to other auctioneers and livebidding platforms.

7.4 We are also working closely with third parties (including, for example,other auctioneers and live bidding platforms) and may receiveinformation about you from them.

8 COPYRIGHT 8.1 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 imagewill belong to us, and we shall have the right to use it in whatever waywe see fit.

8.2 The copyright in all images, illustrations and written material relatingto a Lot is and shall remain at all times our property and we shall havethe right to use it in whatever way we see fit. You shall not use or allowanyone else to use such images, illustrations or written material withoutour prior written consent.

9 VATYou shall give us all relevant information about your VAT status and that ofthe Lot to ensure that the correct information is printed in the catalogues.Once printed, the information cannot be changed. If we incur any unforeseencost or expense as a result of the information being incorrect, you willreimburse to us on demand the full amount incurred.

10 NOTICESAll notices given under these Terms and Conditions may be served personally,sent by 1st class post, or faxed to the address given to the sender by the otherparty. Any notice sent by post will be deemed to have been received on thesecond working day after posting or, if the addressee is overseas, on the fifthworking day after posting. Any notice sent by fax or served personally will bedeemed to be delivered on the first working day following despatch.

11 ADDITIONAL PROVISIONSThe following provisions of this clause 10 shall apply only if you are acting forthe purposes of your business. 11.1 Limitation of Liability

Subject to clause 6, we shall not be liable, whether in tort (includingfor negligence) or breach of statutory duty, contract, misrepresentationor otherwise for any:11.1.1 loss of profits, loss of business, depletion of goodwill and/or

similar losses, loss of anticipated savings, loss of goods, loss ofcontract, loss of use, loss of corruption of data or information; or

11.1.2 any special, indirect, consequential or pure economic loss,costs, damages, charges or expenses.

11.2 SeverabilityIf any part of these Terms and Condition is found by any court to beinvalid, illegal or unenforceable, that part may be discounted and therest of the conditions shall continue to be valid and enforceable to thefullest extent permitted by law.

11.3 Force majeureWe shall have no liability to you if we are prevented from, or delayedin performing, our obligations under these Terms and Conditions orfrom carrying on our business by acts, events, omissions or accidentsbeyond our reasonable control, including (without limitation) strikes,lock-outs or other industrial disputes (whether involving our workforceor the workforce of any other party), failure of a utility service ortransport network, act of God, war, riot, civil commotion, maliciousdamage, compliance with any law or governmental order, rule,regulation or direction, accident, breakdown of plant or machinery,fire, flood, storm or default of suppliers or subcontractors.

11.4 Waiver11.4.1 A waiver of any right under these Terms and Conditions is only

effective if it is in writing and it applies only to the circumstancesfor which it is given. No failure or delay by a party in exercising anyright or remedy under these Terms and Conditions or by law shallconstitute a waiver of that (or any other) right or remedy, norpreclude or restrict its further exercise. No single or partial exerciseof such right or remedy shall preclude or restrict the further exerciseof that (or any other) right or remedy.

11.4.2 Unless specifically provided otherwise, rights arising underthese Terms and Conditions are cumulative and do not excluderights provided by law.

11.5 Law and Jurisdiction11.5.1 These Terms and Conditions and any dispute or claim arising

out of or in connection with them or their subject matter, shall begoverned by, and construed in accordance with, the law of Englandand Wales.

11.5.2 The parties irrevocably agree that the courts of England andWales shall have exclusive jurisdiction to settle any dispute orclaim that arises out of, or in connection with, Terms andConditions or their subject matter.

Postal ChargesPrices for books(items sent by this method are not covered by insurance)

Prices for all other items including postage and packaging

Shipments of more than 2kg or volumetric measurement of more than 2kg have tobe sent by courier. Certain countries may incur extra charge when courier servicesare required by our insurance policy. For lots sent by courier please [email protected] for calculation of any further relevant cost in addition tothe above charges.

Value Added Tax (VAT)

Charging of (VAT) at AuctionThe information shown on this page sets out the way in which Spink intends toaccount for VAT.

i. Auctioneers’ Margin Scheme1. Where possible, we will offer Lots for sale under the Auctioneers’

Margin Scheme. Such Lots can be identified by the absence of anyVAT symbol next to the Lot number in the catalogue and will not besubject to VAT on the Hammer Price.

2. Where Lots are sold using the Auctioneers’ Margin Scheme to UKVAT–registered businesses, the VAT on Buyers’ Premium is notrecoverable as input tax. Upon request on sale day, we will issueinvoices that show VAT separately on both the Hammer Price andthe Buyer’s Premium. This will enable VAT-registered businesses torecover the VAT charged as input tax, subject to the normal rules forrecovering input tax.

ii. Zero-Rated LotsLimited Categories of goods, such as books, are Zero-rated (o) for VAT inthe United Kingdom. Such Lots are offered under the Auctioneers’ MarginScheme. In these circumstances no VAT will be added to the Buyer’spremium.

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

iv. Imported and Omega LotsLots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer price plus 20% on the Buyer’s premium. Lots which bear theOmega symbol (Ω) are subject to VAT at 20% on the Hammer Price andon the Buyer’s Premium. This VAT is payable on items imported fromoutside the EU. In these cases we have used a temporary importationprocedure, which in effect means that the point of importation is deferreduntil the Lot has been sold. At this point the Buyer is treated as theimporter and is liable to pay the import VAT due. We will collect the VATfrom you and pay it to HM Customs and Excise on your behalf.

v. Investment Gold LotsLots marked (g) in the catalogue are exempt from VAT on the HammerPrice and are subject to VAT at 20% on the Buyer’s Premium. A refund ofVAT charged on the Buyer’s Premium can also be made on receipt of proofof business as a collectibles dealer outside of the EU.

Invoice Value UK EU Rest of the WorldUp to £1,500 £10 £15 £20

Up to £10,000 £20 £30 £40

Above £10,001 £20 £50 £60

Weight UK EU Rest of the WorldUp to 1kg £8 for any weight £12 £15

Up to 2kg £8 for any weight £18 £25


GROUP CHAIRMAN AND CEO

Olivier D. Stocker

YOUR SPECIALISTS

STAMPS

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

USA - George Eveleth Richard DebneyEUROPE - Guido Craveri Fernando Martínez

CHINA - Tommy Chau Doris Lo George Yue (Consultant)COINS

UK - Richard Bishop Tim Robson Jon Mann Lawrence Sinclair Barbara Mears John PettUSA - Greg Cole Stephen Gol dsmith (Special Consultant)

CHINA - Kin Choi Cheung Paul Pei Po ChowBANKNOTES

UK - Barnaby Faull Andrew Pattison Monica Kruber Thomasina SmithUSA - Greg Cole Stephen Goldsmith (Special Consultant)

CHINA - Kelvin Cheung Paul Pei Po ChowORDERS, DECORATIONS, MEDALS & MILITARIA

UK - Mark Quayle Oliver Pepys John HaywardBONDS & SHARES

UK - Mike Veissid (Consultant) Andrew Pattison Thomasina SmithUSA - Greg Cole

EUROPE - Peter ChristenCHINA - Kelvin Cheung

BOOKS

UK - Philip Skingley Jennifer Mulholland Nik von UexkullAUTOGRAPHS

USA - Greg Cole Stephen Goldsmith (Special Consultant)WINES

CHINA - Guillaume Willk-Fabia Angie Ihlo Fung

YOUR EUROPE TEAM (LONDON - LUGANO)

Chairman’s OfficeCharles Blane

DirectorsTim Hirsch Anthony Spink

Auction & Client Management TeamMira Adusei-Poku Grace Hawkins Rita Ariete Dora Szigeti Tatyana Boyadzhieva Nik von Uexkull

John Winchcombe Tom Mathews Maurizio ScheniniFinance

Alison Bennet Marco Fiori Mina Bhagat Dennis Muriu Hemel Thakore Veronica MorrisIT & Administration

Berdia Qamarauli Michael Addo Liz Cones Curlene SpencerTom Robinson Cristina Dugoni Giacomo Canzi

YOUR AMERICA TEAM (NEW YORK)

Managing DirectorCharles Blane

Auction Administration and Marketing & DesignAmit Ramprashad Kimberlee Fuller

Finance & AdministrationAleena Nieves

AuctioneerStephen Goldsmith

YOUR ASIA TEAM (HONG KONG - SINGAPORE)

AdministrationAngie Ihlo Fung Newton Tsang Sue Pui Arthur Chan Doris Lo Gary Tan

Ken Imase [email protected]

BANKNOTES

14 November The Numismatic Collector’s Series Sale Hong Kong CSS198 December World Banknotes London 1504811/12 January The Numismatic Collector’s Series Sale New York 32316 January Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong Hong Kong 1601112/13/14 April World Banknotes London 16008

SALE CALENDAR 2015/16

The above sale dates are subject to change

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

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

STAMPS

18 November The Charles W. Adams Collection of United States and Canada New York 15218/19 November The Philatelic Collector’s Series Sale New York 15325/26 November The Philatelic Collector's Series Sale, featuring the John Sussex Collection

of South West Africa, 1880-1928 London 1504627 November Great Britain Stamps and Postal History London 1504510 December Bermuda from the Vestey Collection London 1504716 December The Philatelic Collector’s Series Sale Lugano SW101817 January Meiso Mizuhara, The Exhibition Collection, China Customs Post Hong Kong 1601217 January Fine Stamps and Covers of China and Hong Kong Hong Kong 1601327/28 January The Philatelic Collector's Series Sale London 16010April/May The Pre-New York 2016 Collector’s Series Sale New York 154June The Jose Castillejo Collection of Guatemala, 1871-86 New York 155

COINS

14 November The Numismatic Collector’s Series Sale Hong Kong CSS192 December Celtic Coins from the Geoff Cottam Collection London 150492/3 December Ancient, British & Foreign Coins and Commemorative Medals London 1500711/12 January The Numismatic Collector’s Series Sale New York 32316 January Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong Hong Kong 1601122 March The Dr Paul Broughton Collection of English Hammered Gold Coins London 1601422/23 March Ancient, British & Foreign Coins and Commemorative Medals London 16004

MEDALS

19 November Orders, Decorations, Campaign Medals & Militaria London 1500311/12 January The Numismatic Collector’s Series Sale featuring The Liberty Collection of Medals and

Artefacts Relating to the 1916 Easter Rising and Ireland’s Fight for Independance New York 32321 April Orders, Decorations, Campaign Medals & Militaria London 16001

BONDS & SHARES

14 November The Numismatic Collector’s Series Sale Hong Kong CSS1920 November Bonds & Share Certificates of the World London 1501916 December Bonds & Share Certificates of the World Lugano SW101711/12 January The Numismatic Collector’s Series Sale New York 32316 January Banknotes, Bonds & Share Certificates and Coins of China and Hong Kong Hong Kong 16011

AUTOGRAPHS

11/12 January The Numismatic Collector’s Series Sale New York 323

WINES

3 December Whisky, Cognac and Other Spirits Hong Kong SFW1715 January Whisky, Cognac and Other Spirits Hong Kong SFW18

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STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKS WINES

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

BONDS ANDSHARE CERTIFICATES

OF THE WORLDFEATURING

GERMAN STATE LOANSFROM THE

GERMAN MINISTRY OF FINANCE (BADV)AND

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Documents