OPORTO. Mortg. Debenture of £20=90$000. Serie B. red, black. #47250. No 40083. Folds with repaired tears and a little edge-damage at the top. Large format, with text in English and Portuguese. Formed in Porto, 1886, to build a railway from Luanda, Angola, to Ambaca, a distance of 223 miles. Line opened 1892. The name suggests thatthe eventual aim was to link Angola and Mozambique by rail, giving a 'Trans-African' line. Finance was raised by a bond issue in London, in bonds of £20 and £100. In 1929 the company changed its name to Companhia de Ambaca (doubtless believing that theTrans-Africa railway would never be built). This company was dissolved and a new one formed (Companhia de Fomento Colonial). Bondholders received (per £100 bond) about £10 cash + a few shares in the new company. Text in English & Portuguese. Large format, with arms of Portugal.
Themes: COLONIES, RAILROADS
GREAT BRITAIN, PORTUGAL, PORTUGUESE ANGOLA
Date: 16 November 1886
Startprice: € 30