Result list 30 April 2022

The results of our April 30 sale are now online. Unsold items can be obtained in our aftersale until May 22 (first come, first served). .

Lotnumber: 692
LONDON. 5% Mortgage Debenture for £100, specimen. B/S Cat. 500 P (specimen). yellow, black. #5000. Folds with some staining at the borders. Large format piece, with vignettes of allegorical ladies, and street-scenes in Lisbon. Hole-cancelled. Formed in London 1899 to acquire the Cia. Carris de Ferro de Lisboa. This operated a network of horse-and mule-tramways in Lisbon, but could not finance the conversion to electric traction that was needed. Lisbon Electric Tramways converted, modernised and expanded the city's tramway system. About 1973 the system was bought by the city of Lisbon. The company is now part of the Rothschild organisation in London, known as Five Arrows Ltd. Text in English & French. What we offer here is the only scripophily known from this company from its foundation year (1899). It was founded with a capital of £1 mln. divided into 500.000 6% preference shares and 500.000 ordinary shares of £1 each. There was also an issue of 5000 mortgage debentures of £100 each. These have never been seen issued, and this Waterlow specimen is likely unique.
Date: 1899
Quality: VF
Startprice: € 400