One Cent of One-Eight Share of £6. 5s. black. No 400. Large cancellation hole in the center. Left border corners damaged with some minor paper loss. The LB&SCR was formed in 1846, with, initially, just a line from London Bridge to Brighton. Rapid expansion in the 1850s/60s, of a further 175 miles, gave ita wide network in Surrey and Sussex, with various lines from London serving a large area, and lines east-west along the Sussex Coast and inland, also suburban lines in south London. Some of the new lines were built by the LBSCR, others were by acquisition of other companies, often those built by a town to link it to the railway system. About 1860 the LBSCR joined other companies in building a new London terminus - today's Victoria station. The company also built the port of Newhaven, to permit a ferry route to Dieppe. The LBSCR was very much a passenger line, with freight of little importance until World War I. The LBSCR survived until 1923, when it was merged with other companies to form the Southern Railway. This is a very strange scrip certificate, with the value just 3 pence, to acquire a 1/100th part of a 1/8 share. We can only suppose this was need to cover a fractional amount due to a holder of a share in one of the constituent companies. The holder could be registered as ashareholder only if he held a minimum of 400 of these scrip certificates.
Startprice: € 400