Result list 1 April 2017

The results of our April sale will be available here on April 2.

Lotnumber: 1185
AMSTERDAM. Obligation for Fl.1000. black. No 1467. Large format with some edge-splits. Loan of FL.400.000, raised by a group of planters in what is now Guyana, then Dutch territory. Interest paid to 1841. 4-page large-format document.Text in Dutch. This certificate represents a 1000 guilders’ mortgage share in a "negotiatie" (see below) of a plantation in the Dutch colonies Demerary and Essequebo. The total amount borrowed is 400.000 guilders yielding 6% yearly and was intended to be paid back in a 10 years' period. However, the last capital payment dates back from 1841. Capital repayment stamps in various years from 1820 to 1841 only represent 825 guilders. Therefore, the original loan was not fully repaid, so the negotiatie isnot cancelled. Both Demerary and Esquebo belonged to the West Indian Company (WIC) until 1791 and together with Suriname they formed Dutch Guyana. In 1791 the assets of the nearly bankrupt WIC were taken over by the Netherlands and in 1814 both colonies were transferred to the British. In 1831 Demerara-Essequibo were united with Berbice into British Guyana. A "negotiatie" is a sort of financing company with a management and participants, first formed in 1753 by the Amsterdam banker and Mayor Willem Gideon Deutz. The total worth amounted to 4 million, it yielded a 6% interest rate and there was a mortgage on it for about 5/8 of its value. The early "negotiaties" turned out to be disasters as the plantations were overvalued and much money was wasted. After fruitless attempts by various merchants, the firm Harman van de Poll & Co succeeded in collecting enough money. The rise was supported by the bubble in West Indian crops in 1769 - 1773.
Themes: BEFORE 1800
Date: 6 January 1771
Quality: F-VF
Startprice: € 200