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Auction: 17016 - Bonds and Share Certificates of the World
Lot: 58

Compagnie universelle du Canal maritime de Suez, 3% Obligation F500, 2me Série, 4.6.1885, #32516. The famous Suez Canal Company was founded in 1858 by Ferdinand de Lesseps (1805-94). Initially, the majority of the shareholders were private investors from France, with Egypt also having a significant stake. After ten years of construction and despite bitter opposition by the British government, Lesseps and his company opened the canal in 1869. It had an immediate and dramatic effect on world trade. Combined with the American transcontinental railroad completed six months earlier, it allowed the world to be circled in record time. Beautiful, large picture of the canal and Egyptian monuments. Between 1879 and 1914 the company issued three series of 3% Bonds for a total of 27 million Francs. The shareholder meeting in 1885 accepted this second series and the bonds were placed between 1887 and 1902. Printed Signature of Prince Auguste Louis Albéric d'Arenberg (1837-1924), President of the Company between 1896 and 1913. Very rare, according to Glasemann http://www.nonvaleurs.de/suez_kanal.html only 4 of these bonds are known. EF [R10].

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Sold for
£6,000