Result list 16 October 2021

The results of our October 16 sale are now online. Unsold items can be obtained in our aftersale until Nov 14 (first come, first served). .

Lotnumber: 6
1 Share of £100. black on vellum. No 120. Folds. The bank, the oldest still-surviving bank (and public company) in Australia, dates from 1817, on the initiative of Governor Macquarie, who granted it a charter of limited liability. The initial capital was £20.000 in shares of £100. But even sucha modest offer was difficult to sell, and after one year only half the shares had sold. This share, No. 120, was sold 7 years later! A first capital increase took place in 1832 and was needed for a steady increase in the bank's scope and operations. In1982 the bank merged with the Commercial Bank of Australia to form the Westpac Corporation. It still is one of Australia's "big four" banks. To the best of our knowledge, this is the oldest issue of scripophily from not only Australia but the whole of the Australasian region. First time in our auctions.
Date: 1 January 1824
Quality: VF
Startprice: € 3000