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Auction: 17016 - Bonds and Share Certificates of the World
Lot: 199

Hongkong & Shanghai Banking Corporation, $125 [New] Shares, Shanghai 18[71], #45, issued to James Patrick Martin, signed as Manager by David McLean, coat of arms top centre, mauve. Currently the earliest known HSBC share to come onto the market. Endorsement top corner, mounted at extreme top edge but NEF and extremely rare [R12].

James Patrick Martin, a British Postmaster in Shanghai. He made several purchases of bank shares between 1869 and 1871.
David McLean, Manager of the Shanghai Branch. Born in Scotland in 1833, travelled to Hong Kong in 1858 where he joined the Oriental Bank Corporation. Joined HSBC at its foundation in 1865 and became the first manager of the new bank's Shanghai office which opened in April 1865, making him one of HSBC's first managers. He remained in this post until 1873 when he moved to HSBC's office in London and took up the new role of bank inspector. He stayed with the bank until his retirement in 1889.


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Sold for
£7,000