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Auction: 19018 - Bonds and Share Certificates of the World e-Auction
Lot: 267

Rivers Thames and Isis Navigation, a 4½% bond for £100, 17[88], #53, issued to Nicholas Vansittart, later to become England longest serving Chancellor of the Exchequer, black printing, on vellum, 12 signatures of the Commissioners, each with small wax seal, interest payments annotated on the back and front of the piece from 1789 through to 1863, sometimes across the printed text, a few endorsements on the reverse. An Act of Parliament was passed in 1771 for 'improving and completing' the navigation of the Thames and Isis Rivers from the City of London to Cricklade in Wiltshire. Commissioners were appointed who promptly raised the necessary funds with these bonds. Interest was paid at 4½% which was paid out of income derived from rates, tolls and duties charged at Locks, Toll Houses and Turnpikes. The navigation was vested in the Thames Concervancy from 1866 when it was considered that the locks and other structures were considered to be in a poor state of repair and there was insufficient income for proper maintenance. This got rid of the rather ancient and unwieldy regulation by the numerous commissioners. Vellum a little discoloured as usual, VF and very rare

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Estimate
£250 to £300