PARIS. Action de F100. brown, yellow. #10000. No 5961. Superb large-format piece, based on L'Opéra de Paris. The Opéra is in the background. In front we have a beautiful woman, displaying a phonograph, and records. The border shows music and musical instruments. The underprint is a montage of programmesfor concerts at the Opéra, with the same design as this certificate. The records are of the various marques sold by the company. It seems likely that this company was connected with the Opéra. Designed by Paul Poncet, sculptor, born at Voiron (near Grenoble), 1899. A member of the Salon des Artistes Français, he displayed his work at its salon, winning medals and mentions. Many people would include this among the finest of French shares, and we would agree.