LIEGE. 1. Action, 1894, brown. 2. 5% Obligation de F500, 1894, brown. 3. Action, duplicata, brown, 1921. 4. Action, unissued, 1920, brown. 5. Action, 1920, brown. 6. Action, 1946, red-brown. 7. Action, unissued, 1951, red & black. Five of these shares are heavily decorated with no less than 10 vignettes, most of them heavy machinery, but also a steam locomotive. The company has its routs in 1836 but was formed as a limited company under the above name in 1872. The first few decades, the company focused on the construction of pomps, turbines and other heavy machines for the nearby steal and coalmining industry. By the turn of the century, building locomotives became a major activity. They sold locomotives in for instance Belgium, the Netherlands, Denmark, Luxemburg, Spain and Portugal. Business went downhill in the mid-1950s though we heard the much smaller company was still operational in the late 20th century, building steam turbines and waterpumps, amongst others for Cockerill.