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Auction: 15038 - Banknotes, Bonds and Shares, Coins and Medals of South East Asia sale during the International Exhibition
Lot: 513

Cheng Rubber Estates, Ltd., pair of certificates for 1 Tael and 10 Candareen shares respectively, 19[24] and 19[32], no.536 and no.2382, capital restructure overprinted in red, both with monogram in centre, ornate border, brown and black, American style, printed by Colombian Bank Note Co., both extremely fine. (2)

Both stock exchanges in Shanghai and Hongkong took an active part in the Malayan rubber boom which started in 1910. This company was registered in Hongkong.

Estimate
SG$150 to SG$200