Result list 5 November 2022

Here are the results of our 5 November 2022 sale. Unsold items can be purchased in our after-sale at the start price plus 20% sales commission (+ VAT/Postage if applicable). First come, first served. Offer valid until 4 Dec. 2022.

Lotnumber: 514
black. Two large format papers, with folds and with a few edge-tears. The Aire & Calder Navigation is the canalised section of the Rivers AIre and Calder from Leeds to Wakefield in West Yorkshire. It was authorised by Act of Parliament in 1699 and opened in 1704. 34 miles long, it is still in operation today carrying commercial and leisure traffic. These two bonds dated 1721 concern the sale of £80 of Aire & Calder Navigation stock. The principal bond states in its preamble that a certain Thomas Dickins was an 'undertaker' (founder) of the company and had bought £200 of its stock, and had later sold 'two parts in five' of stock to Richard and William Norfolk as trustees for Anne Meagar (Richard Norfolk's grand-daughter). This bond dated 19 May 1721 isthe financial instrument by which the Norfolks sold the stock to one John Burton for £80 cash. A contemporary note onthe reverse says that Anne was about 14 years old at the date oof the bond. As she was below the age of 21 she could not act in the transaction herself. Instead, the Norfolks accepted the £80 from John Burton and transferred to Burton all the rights pertaining to the stock. They undertook to ensure that Anne would transfer the stock itself to Burton when she attained the age of 21. The second bond, in Latin and English, binds Richard and William Norfolk to pay to Anne Meagar on her reaching the age of 21 the sum of £80 plus lawful interest from the date of the principal bond. Signed and sealed by Richard and William Norfolk on 19May 1721. Both bonds are handwritten but the lot includes a complete typed transcript of the principal bond. We believe this to be the oldest British (or world?) waterways scripophily seen at auction.
Date: 19 May 1721
Quality: VF
Startprice: € 1200