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Auction: 16017 - Bonds and Share Certificates of the World
Lot: 201

North Sydney Investment and Tramway Company Ltd., 4½% debenture for £100, Sydney 1889, no.2132, large format, mauve, grey-green underprint, with coupons, a couple of tone spots, good very fine.

Formed in 1888 to purchase 1,000 acres of land in Northbridge, Sydney and to build a bridge over 'Long Bay' and a tramway to provide access to the land, the remaining land to be sold for private dwellings. The suspension bridge took two years and nine months to build at a cost of £42,000 and was opened in January 1892. The span of 500 feet was considered a feat of engineering, being the fourth largest in the world at the time. The land however was unfit to be sold and used as intended, and the company went into liquidation. The bridge was taken over by the Government.

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Estimate
£80 to £100