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Auction: 1004 - Bonds & Shares of The World
Lot: 521

C. de Murrieta & Co., a set of 3 specimen debentures for £100, £500 and £1,000, 1891, from the Bradbury, Wilkinson & Co. archive, large format, ornate borders with blue, green and pink underprints respectively, with coupons, about extremely fine. (3) Estimate £ 200 A wealthy Anglo-Spanish merchant bank that became heavily involved with finance in South America, joining Barings in the rush to provide loans mainly to Argentina. This £1,000,000 debenture issue was to restore the company´s coffers after finding that Argentine loans were no longer very saleable and most of their money was tied up in them. The prestigeous house of Barings was rescued by the Bank of England and other banks but Murietta was allowed to fail and fade into obscurity .

Sold for
£140