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Auction: 17017 - Bonds and Share Certificates of the World
Lot: 19

Compagnie Universelle du Canal Maritime de Suez, 'action de jouissance', undated but probably 1879, #025179, attractive vignette of the canal, ships, sphinx and architectural border, red-brown and yellow, with coupons. 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. VF and very rare [R10*].

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Sold for
£2,000