LISBOA. 4,5% 1 obrigaçao 90.000 Rs.=400DM. Serie B. B/S Cat. 210 L. brown, green, black. #22500. No 04778. Heavy central fold and somewhat discoloured borders. A subvariety of the previous lot with the original bond number (6940) being cancelled and replaced by a new number (4478). The red stamp indicates why: in 1894 a decision was taken to restructure thisbond into an "obligation privilégiée de premier rang de 400 Marcs ou 500 Francs". In other words, the 1886 and 1889 were given privileged status over older bond issues by the company.
Date: 25 Sept. 1889
Startprice: € 80