PARIS. 3% Obligation de F500, 3.Série. Serie 3. brown, buff. No 343661. Small format. Design of 'aerial' view of canal with pyramids, temple of Philae and very much more. The company was formed by Ferdinand de Lesseps, in 1856. The company had a privilege for 99 years, after which the Canal was to revert to Egyptian control. Egypt held 44% of the shares, but these were bought by the British government in 1875. In 1956 the Canal was nationalised by the Egyptian government. All Suez Canal paper is, of course, very much rarer than Panama, since the company was a great success, and paid off its debts. What we offer here is the 3rd bond issue, for 50 million francs (the first was in 1879, than a second one in 1885, the third in 1906 and we know also of a bond issue in 1911). This issue is one of the rarest of all Suez pieces.
Startprice: € 1400