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Auction: 18019 - Bonds and Share Certificates of the World Online Auction
Lot: 357

Great Britain: City Equitable Fire Insurance Co. Ltd., £1 preference shares, 192[1], #2696, signed by Gerard Lee Bevan as director, ornate border, red. Bevan, educated at Eton and Cambridge worked in the City as a stockbroker until he got involved with this company. Bevan got involved with Clarence Hatry and the funds of the company were misused funds poor investments. The company finally lost £1.2 million and Bevan fled but was captured and sent to prison. The other directors were exonerated as they were not complicit but this led to changes in the law and the 1929 Companies Act. A rare piece not offered at auction by us before. AVF.

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Estimate
£60 to £80